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The residential backup power market is forecasted to grow byUSD 4.11 billion during 2023-2028, accelerating at a CAGR of 6.66% during the forecast period. The report on the residential backup power market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for backup power from emerging economies, growing use of batteries for backup power source, and rising number of blackouts and unreliable grid power supply.
The residential backup power market is segmented as below:
ByTechnology- Generators
- Batteries
- Fuel cells
- APAC
- North America
- Europe
- Middle East and Africa
- South America
The report on the residential backup power market covers the following areas:
- Residential backup power market sizing
- Residential backup power market forecast
- Residential backup power market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global residential backup power market: ABB Ltd., Briggs and Stratton LLC, C and D Technologies Inc., Caterpillar Inc., Champion Power Equipment Inc., Cummins Inc., Eaton Corp. Plc, Emerson Electric Co., EnerSys, Exide Industries Ltd., Generac Holdings Inc., Honda Motor Co. Ltd., Huawei Technologies Co. Ltd., Kohler Co., NeoVolta Inc., Panasonic Holdings Corp., Schneider Electric SE, SMA Solar Technology AG, Tesla Inc., and Toshiba Corp..Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is rising adoption of fuel cells for power backup."
According to the report, one of the major drivers for this market is the increasing demand for backup power from emerging economies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Briggs and Stratton LLC
- C and D Technologies Inc.
- Caterpillar Inc.
- Champion Power Equipment Inc.
- Cummins Inc.
- Eaton Corp. Plc
- Emerson Electric Co.
- EnerSys
- Exide Industries Ltd.
- Generac Holdings Inc.
- Honda Motor Co. Ltd.
- Huawei Technologies Co. Ltd.
- Kohler Co.
- NeoVolta Inc.
- Panasonic Holdings Corp.
- Schneider Electric SE
- SMA Solar Technology AG
- Tesla Inc.
- Toshiba Corp.
