Residential Backup Power Market Size, Share, Drivers by Top Companies [2024-2029] | 157 Pages

The latest report by Fortune Business Insight Research Company Insights, titled Global Residential Backup Power Market – Size, Trends, Share, Growth, Dynamics, Competition, and Opportunity Forecast Period, provides a thorough analysis of the global Residential Backup Power Market. The report meticulously examines both macro and micro trends, offering insights into the dynamic factors influencing the market. It encompasses a detailed exploration of qualitative and quantitative aspects, delivering a precise depiction of market size, growth rates, annual progression, prevailing trends, key drivers, promising opportunities, and potential challenges. 

According to latest Repor by Fortune Business Insights™ , The global residential backup power market size was valued at USD 9.51 billion in 2021. The market is projected to grow from USD 10.32 billion in 2022 to USD 17.28 billion by 2029, exhibiting a CAGR of 7.6% during the forecast period. 

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Residential Backup Power Market Industry Competitive Analysis:

  • June 2023 – Schneider Electric rolled out two new solar power solutions to facilitate communities with less energy access. The new Homaya Pro inverter converts DC to AC to be connected to a grid or deployed in stand-alone systems.
  • April 2023 – Eaton announced that it is constructing a new property for its critical power systems, such as energy storage and UPS, in Vantaa, Finland, incorporating all existing activities into a much larger location. The construction of the plant is expected to be completed by 2023. The 16,500 m² plant will have research and development facilities, manufacturing setups, warehouses, a sales department, and a service plant.

Global Residential Backup Power Market By Technology (Generator, Battery, and Fuel Cells), and Regional Forecast, 2022-2029 


The major companies profiled in the report includes:

  • ABB (Switzerland)
  • Caterpillar Inc. (U.S.)
  • Cummins Inc. (U.S.)
  • Exide Industries Ltd. (India)
  • Kohler Co. (France)
  • Panasonic Corp. (Japan)
  • PRAMAC (Italy)
  • American Honda Motor Company, Inc. (U.S.)
  • Schneider Electric (France)
  • Tesla (U.S.)
  • Trojan Battery Co. LLC (U.S)
  • Atlas Copco AB (Sweden)
  • Generac Holdings Inc. (U.S.)
  • Eaton (Ireland)
  • NeoVolta Inc. (U.S.)

 Key benefits

Rising Industrialization to Propel the Market Growth

The report provides an extensive analysis of the factors that drive as well as restrain the growth of the world artificial lift system market.

The market projections from 2024 to 2029 along with the impacting factors are mentioned in the report.

The report also provides quantitative as well as qualitative trends to assist the stakeholders understand the market scenario.

In-depth analyses of the key segments of the market demonstrate the consumption of Residential Backup Power Market  in different applications across different end-user industries.

Competitive intelligence highlights the business practices adopted by the leading market players across various geographies.

Industry Segmentations:

Scope of the Report:

► Executive Summary

► Demand and Supply-side Trends

► Market Drivers, Restraints, Opportunities, and Challenges

► Value Chain Analysis

► Porter’s Five Forces Analysis

► Industry SWOT Analysis

► COVID-19 Impact Assessment

► PESTLE Analysis

► Global Market Size and Forecast

► Regional Market Size and Forecast (Cross-country Analysis)

► Competition Landscape

► Company Profiles

Frequently Asked Questions (FAQs):

► What is the current market scenario?

► What was the historical demand scenario, and forecast outlook from 2024 to 2030?

► What are the key market dynamics influencing growth in the Global Residential Backup Power Market?

► Who are the prominent players in the Global Residential Backup Power Market?

► What is the consumer perspective in the Global Residential Backup Power Market?

► What are the key demand-side and supply-side trends in the Global Residential Backup Power Market?

► What are the largest and the fastest-growing geographies?

► Which segment dominated and which segment is expected to grow fastest?

► What was the COVID-19 impact on the Global Residential Backup Power Market?

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning

Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.

Detailed analysis of the market revenue over the forecasted period.

Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.

Study on the segments that are anticipated to dominate the market.

Study on the regional analysis that is expected to register the highest growth over the forecast period

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The report shares key insights on:

  • Current market size
  • Market forecast
  • Market opportunities
  • Key drivers and restraints
  • Regulatory scenario
  • Industry trend
  • New product approvals/launch
  • Promotion and marketing initiatives
  • Pricing analysis
  • Competitive landscape

 Frequently Asked Questions (FAQs) for Residential Backup Power Market Report:

A well-structured report should anticipate and address common questions industry stakeholders might have. Here are some key FAQs to consider including:

  • What is the current global energy mix, and how is it expected to change in the future?
  • What are the main challenges facing the energy and power industry?
  • How are technological advancements impacting the way we generate, transmit, and distribute electricity?
  • What role do government policies play in shaping the energy and power landscape?
  • What are the potential impacts of climate change on the energy and power industry?
  • What is the future of energy prices?

Table Of Contents:

1 Market Overview

1.1 Residential Backup Power Market Introduction

1.2 Market Analysis by Type

1.3 Market Analysis by Applications

1.4 Market Analysis by Regions

1.4.1 North America (United States, Canada and Mexico) United States Market States and Outlook Canada Market States and Outlook Mexico Market States and Outlook 

1.4.2 Europe (Germany, France, UK, Russia and Italy) Germany Market States and Outlook France Market States and Outlook UK Market States and Outlook Russia Market States and Outlook Italy Market States and Outlook 

1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia) China Market States and Outlook Japan Market States and Outlook Korea Market States and Outlook India Market States and Outlook Southeast Asia Market States and Outlook 

1.4.4 South America, Middle East and Africa Brazil Market States and Outlook Egypt Market States and Outlook Saudi Arabia Market States and Outlook South Africa Market States and Outlook 

1.5 Market Dynamics

1.5.1 Market Opportunities

1.5.2 Market Risk

1.5.3 Market Driving Force

2 Manufacturers Profiles


TOC continued …

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