Energy & Green Renewable Technology Market News

Backup power systems market to see 4.27% CAGR growth to 2021

Backup power system is an independent source of electrical power that can supply power automatically when the main grid power fails by utilizing resources available at the source. The backup power system is connected to grid power and has electrical components that allow it to sense an outage and turn on automatically.

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Market reaserch analysts forecast the global Backup Power Systems market to grow at a CAGR of 4.27% during the period 2017-2021.

Backup power systems find their use in residential and non-residential sectors including hotels, hospitals, industries, telecom, mining, oil and gas, offices, educational institutions, utilities, etc.

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Covered in this report

The report covers the present scenario and the growth prospects of the global backup power systems market for the oil and gas industry 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

 APAC

 North America

 Europe

Market reaserch report, Global Backup Power Systems 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 Aggreko, Caterpillar, Cummins, Saft, Trojan Battery.

Other prominent vendors ALCAD, Altaaqa Global, APac Energy Rental, APR Energy, Atlas Copco, Byrne, Cetronic Power Solutions, EaglePicher Technologies, Energyst, Exide Technologies, Fullriver Battery USA, HBL Power Systems, Hertz Equipment Rental, HIMOINSA, Kohler, Modern Hiring Service, Steatite, SYSTEMS SUNLIGHT, United Rentals.

Market driver Growing prominence of refineries, For a full, detailed list, view our report.

Market challenge Decline in upstream activities, For a full, detailed list, view our report.

Market trend Increase in use of gas generators in the oil and gas industry, For a full, detailed list, view our report.

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