The report offers detailed coverage of Backup Power industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Backup Power by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
Power outages can be caused due to natural calamities, overload, or equipment failures. It is a recurring problem that disrupts the operations in residential, commercial, and industrial sectors. The monetary losses incurred vary from sector to sector and can run into millions. Therefore, to minimize the losses and stay protected against utility power outages, backup power systems are being adopted where the momentary power outages do not disrupt the operations. For instance, installing a diesel generator for emergency backup can meet the full load that it is designed for under 10 seconds.
The availability of diverse backup power systems is one of the primary drivers for market growth. Traditionally, diesel power generators were used for backup power due to their relatively low price and the easy availability of diesel. However, over the years the increasing emission concerns due to the utilization of traditional power generators has led to the rise of alternate sources such as battery energy storage systems, hybrid power, and fuel cells. APAC is the fastest-growing segment of the backup power market, expected to showcase a CAGR of nearly 6% through the forecast period. The unreliability of grid power infrastructure in the developing countries of the region has created a strong need for backup power sources. The EU is encouraging distributed generation by providing feed in tariffs and incentives, which is driving the installation of off-grid energy systems such as fuel cells and battery energy storage systems.
The report forecast global Backup Power market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2020-2025.
First, this report covers the present status and the future prospects of the global Backup Power market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
At the same time, we classify Backup Power according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market Segment as follows:
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
Market by Order Type
Market by Application