Backup Power Market 2017-2021

  • Published: May 2017
  • Pages: 70
  • SKU: IRTNTR12754

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This market research report identifies Aggreko, Bloom Energy, Caterpillar, Cummins, and LG Chem as the key vendors in the global backup power market. This report also presents a detailed analysis of the market by technology (diesel generator and others), by end-user (non-residential and residential), and by geography (the Americas, APAC, and EMEA).

Overview of the global backup power market

Technavio’s market research report predicts that the global backup power market will grow at a CAGR of nearly 5% during the forecast period. 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. Advantages such as the reduction in emissions, higher efficiency, and low operation noise increases the chances of adoption of modern backup power systems. Moreover, governments in several countries also provide incentives to bring down the initial costs of the backup power systems, which will again, drive the adoption these backup power systems.

The Americas accounted for the majority of the market share in the global backup power market during 2016. However, due to the growing industrial base and urbanization and increasing investments in backup power systems by industrial and commercial establishments, APAC will dominate the market by the end of the forecast period.

Competitive analysis and key vendors

The backup power market is highly fragmented with the presence of numerous vendors across the world who offer a variety of products for backup needs. The market competitive environment will intensify further with the introduction of new technologies and increased investments. Moreover, this market research report predicts that the market is expected to grow with the rise in the need for continuous power and vendors are likely to focus on innovations to improve their technologies to meet the demand, which will again intensify the level of competition among the market players.

Key vendors in the market are:

  • Aggreko
  • Bloom Energy
  • Caterpillar
  • Cummins
  • LG Chem

Other prominent vendors include AISIN SEIKI, Alpine Power Systems, APR Energy, Atlas Copco, Ballard Power Systems, Briggs & Stratton, Doosan Fuel Cell America, East Penn Manufacturing, Eaton, Emerson, EnerSys, Enocell, Enphase Energy, Exide Technologies, Exide Industries, Generac Power Systems, GS Yuasa, HIMOINSA, Kohler, MITSUBISHI HEAVY INDUSTRIES, Nuvera Fuel Cells, Schneider Electric, SFC Energy, Su-Kam Power Systems, and Tesla.

Segmentation by technology and analysis of the backup power market

  • Diesel generator
  • Others

Diesel generators are one of the most common and easy to install backup power sources and are the most commonly preferred generator systems for backup power in industries and commercial buildings. Mission critical facilities, such as health care, telecommunication towers, and safety and security, use diesel generators as backup power systems due to its ability to store the fuel on-site. Diesel generators provide improved thermal efficiency that helps in reducing the cost per kWh and is largely beneficial in large-scale applications.

Segmentation by end-user and analysis of the backup power market

  • Non-residential
  • Residential

As per this market research report, the non-residential end-user segment dominated the backup power market during 2016 and is likely to continue its market dominance over the next four years as well. The need for uninterrupted power supply in data centers, hospitals, fueling stations, water and wastewater treatment plants and communication and transportation systems will drive the growth of the segment in the market. Moreover, the rapid development of the commercial avenues such as restaurants, malls, theaters, and shopping plazas will also boost the market’s growth.

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 market?
  • What are the key market trends impacting the growth of
  • What are the challenges to market growth?
  • Who are the key vendors in the global backup power market?
  • What are the market opportunities and threats faced by the vendors in the global backup power market?
  • 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 market?

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

For the smooth functioning of any businesses, industry or even household, power is an essential component. But due to various reason like voltage fluctuations, blackouts, power deficit, or electrical component malfunction, power is not always available to the end user. This hampers their operation and causes loss of time and money. Backup power comes in the form of electricity generator or bank of batteries. Since there are so many technologies existing in the market for backup power, Technavio is working on its upcoming report on global backup power market for the forecast period of 2017 to 2021 to help clients understand emerging technologies, market size, and growth rate of this market space. Additionally, to help clients in the energy industry have a competitive advantage, Technavio provides a comprehensive collection of industry reports on various sectors such as oil and gas and water and waste management sectors.

The upcoming report on backup power market is an integral part of the power industry and offers data and insights on factors like market landscape, key vendors, market growth rate, and consumer behavior. The upcoming report on global backup power market for the forecast period of 2017 to 2021, gathers data and information using extensive primary and secondary research to provide the client with vital market information.

The upcoming report on global backup power market also considers the growth of the related markets such as global lead-acid battery aftermarket and global liquid air energy storage systems market, which are expected to grow at a CAGR of 14% and 178%, respectively, during the forecast period of 2017 to 2021. People, industries, and government are focusing their effort on sustainable renewable energy generation like solar and wind. These systems can make off-grid living possible, so that power unavailability from the main lines doesn’t make a difference. This trend is driving vendors and manufacturers to consider sustainable technologies. Alongside sustainable energy, they are also looking at ways to increase the battery’s energy density and break the shackles of lead-acid batteries. Apart from the syndicated market research reports, Technavio also customizes research report as per the need of client to know specific geographical market, technology-wise product potential, or other available alternatives.

The upcoming market research report also identifies key market drivers, emerging trends, technological advancements, competitive landscape, and opportunities and challenges faced by the industry. The report also gathers data and covers related technological advancements in power and smart grid markets.

Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research methodology

PART 04: Introduction

  • Market outline

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by technology

  • Global backup power market by technology
  • Global backup power market by diesel generator technology
  • Global backup power market by others

PART 07: Market segmentation by end-user

  • Global backup power market by end-user
  • Global backup power market in the residential sector
  • Global backup power market in the non-residential sector

PART 08: Geographical segmentation

  • Global backup power market by geography
  • Backup power market in the Americas
  • Backup power market in APAC
  • Backup power market in EMEA

PART 09: Decision framework

PART 10: Drivers and challenges

  • Market drivers
  • Market challenges

PART 11: Market trends

  • Aging grid infrastructure
  • Technological advances in diesel generator sets
  • End-users focusing more on renting generator services

PART 12: Vendor landscape

  • Competitive scenario
  • Other prominent vendors

PART 13: Key vendor analysis

  • Aggreko
  • Bloom Energy
  • Caterpillar
  • Cummins
  • LG Chem

PART 14: Appendix

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases


Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts



  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis


  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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