—
One trend in backup power market is aging grid infrastructure. The power grid has remained the same since its development a century ago, with several pieces of equipment reaching the end of their service life. Climate change policies and improvements in technology have resulted in electricity generation from carbon-free renewable sources, such as solar, wind, and hydro.Complete report on backup power market spread across 70 pages, analyzing 5 major companies and providing 32 data exhibits are now available at http://www.reportsnreports.com/reports/994460-global-backup-power-market-2017-2021.html .
According to the backup power market report, one driver in market is increasing need for backup power due to grid outages. The aging infrastructure, rise in population, and additional power sources have increased the strain on the infrastructure causing power outages. Below is the year-over-year number of outages in the US caused by the weather, equipment failure, maintenance shutdown, load shedding, vandalism, and cyber-attacks. Between the year 2010 and 2014, the number of power outages increased by more than 50% compared with the year 2010. Power outages not only cause inconvenience to the end-users, but also a monetary loss to utilities, impede emergency services, and are a threat to national security, as they compromise the communication systems.
The following companies as the key players in the global backup power market: Aggreko, Bloom Energy, Caterpillar, Cummins, and LG Chem. Other prominent vendors in the market are: AISIN SEIKI, Alpine Power Systems, APR Energy, Atlas Copco, Ballard Power Systems, Briggs & Stratton, Doosan Fuel Cell America, East Penn Manufacturing, Eaton, Emerson, EnerSys, Enocell, Enphase Energy, Exide Technologies, Exide Industries, Generac Power Systems, GS Yuasa, HIMOINSA, Kohler, MITSUBISHI HEAVY INDUSTRIES, Nuvera Fuel Cells, Schneider Electric, SFC Energy, Su-Kam Power Systems, and Tesla. Order a copy of Global Backup Power Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=994460.
Global Backup Power Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global backup power market for 2017-2021. To calculate the market size, the report considers the revenue generated from the new installations and exclude aftermarket/services market.
The backup power market study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Inquire for Discount at http://www.reportsnreports.com/contacts/discount.aspx?name=994460 .
Further, the backup power market report states that one challenge in market is increasing distributed generation and off-grid power systems. Common problems faced by the power industry are the rising energy costs, aging infrastructure, mass electrification, and climate changes. To overcome these challenges there is rising interest in distributed generation. This is expected to have a major impact on backup power systems as they are used as a secondary source if the grid fails.
Distributed generation is transforming the way power is generated and consumed, and considered as a method to improve the reliability of the grid. This is because distributed generation units can maintain continuous supply in the event of a wide power outage and function independent of the grid. They can also be used to mitigate the voltage regulation problems. The benefits they provide has also resulted in widening the range of technologies that are used for distribution generation.
About Us:
ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets. With comprehensive information about the publishers and the industries for which they publish market research reports, we help you in your purchase decision by mapping your information needs with our huge collection of reports.
Contact Info:
Name: Ritesh Tiwari
Email: Send Email
Organization: ReportsnReports
Phone: + 1 888 391 5441
Website: http://www.reportsnreports.com/reports/994460-global-backup-power-market-2017-2021.html
Release ID: 199548
Google
RSS