Global Backup Power Systems Market for Oil and Gas Industry 2017-2021

This industry research report identifies Aggreko, Caterpillar, Cummins, Saft, and Trojan Battery as the key vendors in the global backup power systems market for oil and gas industry. A comprehensive analysis of this market is also presented by product type (batteries and generators) and by geography (the Americas, APAC, and EMEA).

Overview of the global backup power systems market for oil and gas industry

Research analysis on the global backup power systems market for oil and gas industry identifies that the introduction of new exploration policies will be one of the major factors that will have a positive impact on the growth of the market. Countries such as Brazil, India, and Israel have come up with alterations to their oil and gas exploration policies. For instance, to boost investments in the oil and gas industry, the federal government of Brazil introduced a change in its policies in 2017. Based on the new policy, the least requirement has been lowered to 50% for exploration and onshore development and 18% for offshore areas. Such policy changes will attract new investments from the global players. Interruptions in drilling activity has a significant impact on the profit share of companies. Since backup power systems help in overcoming such production delays caused by power outages the coming years will witness an increase in the demand for backup power solutions in the oil and gas industry. Technavio's market research analysts predict that this market will register a revenue of more than USD 3.8 billion by 2021.

The introduction of microgrid technology is one of the latest trends that will contribute to the growth of this market in the coming years. Microgrids are localized and small-scale grids that run separately when detached from a centralized grid. The diesel generators run these low-voltage AC microgrids. These microgrids are widely used by oil and gas drilling rigs located in remote areas as they can generate power through various resources such as wind, solar, or diesel or gas generators and store the power in batteries. With microgrids being increasingly incorporated into smart grid systems across the world, such advantages will drive the demand for microgrid technology subsequently driving the growth of the solar powered generator market.

Competitive landscape and key vendors

The backup power systems market for oil and gas industry consists of many vendors who offer an extensive range of products. The oil and gas industry needs a constant and reliable supply of power. Backup power systems for the oil and gas industry are designed to offer continuous supply of power in the event of a power outage. With the increase in refinery greenfield and brownfield projects, the solar powered generators market will offer significant growth opportunities to the green energy companies operating in this market.

The leading vendors in the market are -

• Aggreko

• Caterpillar

• Cummins

• Saft

• Trojan Battery

The other prominent vendors in the market are ALCAD, Altaaqa Global, APac Energy Rental, APR Energy, Atlas Copco, Byrne, Cetronic Power Solutions, EaglePicher Technologies, Energyst, Exide Technologies, Fullriver Battery USA, HBL Power Systems, Hertz Equipment Rental, HIMOINSA , Kohler, Modern Hiring Service, Steatite, SYSTEMS SUNLIGHT, and United Rentals.

Segmentation by product type and analysis of the backup power systems market for oil and gas industry

• Batteries

• Generators

During 2016, the generators segment accounted for the major shares of the backup power systems market for oil and gas industry. Increased reliability is one of the advantages offered by generators. The growth in offshore field development and upcoming new refineries in various regions will drive the demand for generators in the solar powered generators during the forecast period.

Geographical segmentation and analysis of the backup power systems market for oil and gas industry

• Americas

• APAC

• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the backup power systems market for oil and gas industry throughout the forecast period. The rise in offshore exploration resource activities in the US and the increased programs to search and discover unexplored oil and gas reserves will drive the growth of the solar powered generator market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global backup power systems market for oil and gas industry?
• What are the key market trends impacting the growth of the global backup power systems market for oil and gas industry?
• What are the challenges to market growth?
• Who are the key vendors in the global backup power systems market for oil and gas industry?
• What are the market opportunities and threats faced by the vendors in the global backup power systems market for oil and gas industry?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global backup power systems market for oil and gas industry?

Technavio also offers customization on reports based on specific client requirement.

Our market research reports for the energy industry adhere to a scrupulous data collection methodology and offer an analysis of quick-growing market segments like oil and gas. This upcoming industry research report on the global back up power systems market for the oil and gas industry offers insights into the key trends and emerging drivers influencing the growth of the oil and gas industry. Our research practices also help clients develop effective growth strategies and keep pace with the constantly changing market landscape by analyzing the market drivers, challenges, and trends in the market. This market study also offers a complete analysis based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders.

This upcoming market research report on the global back up power systems market for the oil and gas industry covers vendors like Cummins, Generac, Kohler, Atlas Copco, and Caterpillar. By considering the market forecast and size, surging demand for various oil and gas products, the market research professionals at Technavio present a clear picture of the global back up power systems market for oil and gas industry for the projected period of 2017 to 2021.

As per our market research experts, growing demand for backup and rental power may influence the demand for back up power systems market for the oil and gas industry in the coming years. Furthermore, to offer clients the scope to identify potential market opportunities and expand in niche markets, this report on the global back up power systems market for the oil and gas industry also covers geographies like the Europe, North America, APAC, and EMEA.

The upcoming industry research report for global back up power systems market for oil and gas industry also categorizes the key drivers, major trends, as well as the restraints that the oil and gas sector currently experiences. It also presents insights into the rapidly changing competitive scenario to give clients a realistic picture of the forthcoming events within the energy industry. Technavio also provides deep-dive market assessments into the sectors such as power and energy storage.

Our market research methodology for the back up power systems market for oil and gas industry

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