Global Residential Backup Power Market Booming At CAGR Of 6.19% Between 2017-2021

Latest industry research report on: Global Residential Backup Power Market : Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts

A backup power system is a secondary electrical system that can automatically supply power when the grid power fails by utilizing resources available at the source. A residential backup power system is primarily connected to households and grid power and has electrical components, which allow it to turn on automatically when it senses an outage.

Technavios analysts forecast the global residential backup power market to grow at a CAGR of 6.19% during the period 2017-2021.

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Covered in this report
The report covers the present scenario and the growth prospects of the global residential backup power market for 2017-2021. To calculate the market size, the report considers new sales in the market.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA

Technavio's report, Global Residential Backup Power Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors
  • Caterpillar
  • Cummins
  • Kohler
  • Tesla
  • Trojan Battery

Other prominent vendors
  • Aggreko
  • Atlas Copco
  • Ballard Power Systems
  • Briggs & Stratton
  • Eaton
  • EnerSys
  • Exide Industries
  • FG Wilson
  • FuelCell Energy
  • Generac Power Systems
  • Himoinsa
  • HiPower
  • Hydrogenics
  • Johnson Controls
  • Marshall Batteries
  • Motolite Batteries
  • Panasonic
  • Plug Power
  • REDOX POWER SYSTEMS
  • SFC Energy
  • TOKYO GAS
  • TOSHIBA FUEL CELL POWER SYSTEMS
  • Viessmann Manufacturing

Market driver
Rise in global economic growth
For a full, detailed list, view our report

Market challenge
Improvements in grid power supply
For a full, detailed list, view our report

Market trend
Rise in shipments of fuel cells
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?


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