Residential Backup Power Market Globally Expected To Reach at a CAGR of 6.19% by Revenue Over The Forecast Period 2017-2021
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About Residential Backup Power
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.
Key vendors
Caterpillar
Cummins
Kohler
Tesla
Trojan Battery
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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
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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