Global Backup Power Market 2017-2021 with Aggreko, Bloom Energy, Caterpillar, Cummins & LG Chem Dominating – Research and Markets

May 26, 2017

DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Global
Backup Power Market 2017-2021” report to their offering.

The global backup power market to grow at a CAGR of 4.59% during the
period 2017-2021.

The report covers the present scenario and the growth prospects of the
global backup power market for 2017-2021. To calculate the market size,
the report considers the revenue generated from the new installations
and exclude aftermarket/services market. The report also includes a
discussion of the key vendors operating in this market.

One trend in market is aging grid infrastructure. The power grid has
remained the same since its development a century ago, with several
pieces of equipment reaching the end of their service life. Climate
change policies and improvements in technology have resulted in
electricity generation from carbon-free renewable sources, such as
solar, wind, and hydro.

According to the report, one driver in market is increasing need for
backup power due to grid outages. The aging infrastructure, rise in
population, and additional power sources have increased the strain on
the infrastructure causing power outages. Below is the year-over-year
number of outages in the US caused by the weather, equipment failure,
maintenance shutdown, load shedding, vandalism, and cyber-attacks.

Further, the report states that one challenges in market is increasing
distributed generation and off-grid power systems. Common problems faced
by the power industry are the rising energy costs, aging infrastructure,
mass electrification, and climate changes. To overcome these challenges
there is rising interest in distributed generation. This is expected to
have a major impact on backup power systems as they are used as a
secondary source if the grid fails. Distributed generation is
transforming the way power is generated and consumed, and considered as
a method to improve the reliability of the grid.

Key vendors

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

Other prominent vendors

  • 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
  • Tesla

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Market segmentation by technology

Part 07: Market segmentation by end-user

Part 08: Geographical segmentation

Part 09: Decision framework

Part 10: Drivers and challenges

Part 11: Market trends

Part 12: Vendor landscape

Part 13: Key vendor analysis

For more information about this report visit http://www.researchandmarkets.com/research/6xpscm/global_backup

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Related
Topics: Electricity