Insights on the Global Residential Backup Power Market 2020-2024 |COVID-19 Analysis, Drivers, Restraints, Opportunities and Threats | Technavio

Technavio has announced its latest market research report titled Global Residential Backup Power Market 2020-2024 (Graphic: Business Wire)

LONDON--()--Technavio has been monitoring the residential backup power market and it is poised to grow by USD 1.92 billion during 2020-2024, progressing at a CAGR of over 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

  • At what rate is the market projected to grow during the forecast period 2020-2024?
  • Growing at a CAGR of over 4%, the market growth will accelerate in the forecast period.
  • What is the key factor driving the market?
  • Growing use of batteries for power back up is one of the key factors driving the market growth.
  • Who are the top players in the market?
  • ABB Ltd., Caterpillar Inc., Cummins Inc., Exide Industries Ltd., Kohler Co., Panasonic Corp., Schneider Electric SE, Tesla Inc., Toshiba Corp., and Trojan Battery Co. LLC. are some of the major market participants.
  • Which region is expected to hold the highest market share?
  • APAC
  • What is the year-over-year growth rate of the global market?
  • The year-over-year growth rate for 2020 is estimated at 3.81%.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Caterpillar Inc., Cummins Inc., Exide Industries Ltd., Kohler Co., Panasonic Corp., Schneider Electric SE, Tesla Inc., Toshiba Corp., and Trojan Battery Co. LLC. are some of the major market participants. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Residential Backup Power Market 2020-2024: Segmentation

Residential Backup Power Market is segmented as below:

  • Technology
    • Generators
    • Batteries
    • Fuel Cells
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40814

Residential Backup Power Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our residential backup power market report covers the following areas:

  • Residential Backup Power Market size
  • Residential Backup Power Market trends
  • Residential Backup Power Market analysis

This study identifies an increase in hybrid power systems as one of the prime reasons driving the residential backup power market growth during the next few years.

Residential Backup Power Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the residential backup power market, including some of the vendors such as ABB Ltd., Caterpillar Inc., Cummins Inc., Exide Industries Ltd., Kohler Co., Panasonic Corp., Schneider Electric SE, Tesla Inc., Toshiba Corp., and Trojan Battery Co. LLC. Backed with competitive intelligence and benchmarking, our research reports on the residential backup power market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Residential Backup Power Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist residential backup power market growth during the next five years
  • Estimation of the residential backup power market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the residential backup power market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of residential backup power market vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Value chain analysis
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market outlook
  • Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY TECHNOLOGY

  • Market segmentation by technology
  • Comparison by technology
  • Generators - Market size and forecast 2019-2024
  • Batteries - Market size and forecast 2019-2024
  • Fuel cells - Market size and forecast 2019-2024
  • Market opportunity by technology

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Rising adoption of fuel cells for power backup
  • Increase in hybrid power systems
  • Development of smart cities

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • ABB Ltd.
  • Caterpillar Inc.
  • Cummins Inc.
  • Exide Industries Ltd.
  • Kohler Co.
  • Panasonic Corp.
  • Schneider Electric SE
  • Tesla Inc.
  • Toshiba Corp.
  • Trojan Battery Co. LLC

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Release Summary

The Global Residential Backup Power Market will grow by USD 1.92 bn during 2020-2024

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/