Market Overview:
The global battery backup systems market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for uninterrupted power supply (UPS) systems from residential, commercial, and industrial sectors. In addition, the growing awareness about energy storage solutions among consumers is also propelling the growth of this market. Based on type, the global battery backup systems market can be segmented into 12V battery backup systems, 24V battery backup systems, 48V battery backup systems, 96V battery backup systems 110 V Battery Backup Systems and other voltage segments. Among these types, 12 V Battery Backup Systems held a dominant share in 2017 and is expected to maintain its dominance during the forecast period as well owing to its low cost and easy installation process.
Product Definition:
A battery backup system is a device that supplies power to a load when the primary power source fails. These systems are typically used in emergency situations, such as during a power outage, to keep critical loads running.
12V Battery Backup Systems:
12V battery backup systems are the emergency power supply for most of the electronic devices such as computers, laptops, MP3 players and some other home appliances. The 12V battery backup system is used in various applications including uninterrupted operation of equipment during power outages; it serves as a main power source for all kinds of outdoor lighting products such as security lights and landscape lighting among others.
24V Battery Backup Systems:
24V battery backup systems are designed to provide power for starting the engine of the vehicle in case of a power failure. The 24V battery backup system is used in Battery Back Up market which is further segmented into two types on the basis of size and output.
Application Insights:
The commercial application segment accounted for the largest share of over 60.0% in 2017 and is projected to witness significant growth over the forecast period. The growing IT industry, especially in countries such as China, India and Brazil is expected to drive demand for computers and laptops, which will increase the demand for UPS systems at offices. In addition, increasing investments by governments in infrastructure development across various developing countries are likely to provide a lucrative platform for market growth during the forecast period.
Regional Analysis:
The North American regional market dominated the global battery backup systems industry in 2016. The growth of this region can be attributed to increasing demand for power back-up systems from major end-users such as residential, commercial, and industrial sectors. Furthermore, presence of key players such as Exide Corporation; Johnson Controls Inc.; and Odyssey Electronics LLC is also expected to drive the market growth over the forecast period.
Asia Pacific is projected to emerge as a lucrative regional market during the same period owing to growing infrastructure development in countries such China and India along with other Southeast Asian nations. In addition, rising number of manufacturing facilities in this region due to availability of low-cost labor will boost product demand over the forecast period.
Growth Factors:
- Increasing demand for uninterrupted power supply from various end-use industries
- Growing awareness about the benefits of battery backup systems among consumers
- Proliferation of smart grid technologies and the increasing adoption of renewable energy sources
- Stringent government regulations pertaining to power quality and reliability
- Technological advancements in battery backup systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Battery Backup Systems Market Research Report
By Type
12V Battery Backup Systems, 24V Battery Backup Systems, 48V Battery Backup Systems, 96V Battery Backup Systems, 110V Battery Backup Systems, Other
By Application
Residential, Commercial, Industrial
By Companies
LiftMaster, Tripp-Lite, APC, CyberPower, Metropolitan Industries, Tesco Controls, Little Giant (Franklin Electric), Tesla, EMC Industries, Eaton, LiftMaster, NEPTUN, DoorKing (DKS), MoboTrex, Sun Valley Solar Solution
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Battery Backup Systems Market Report Segments:
The global Battery Backup Systems market is segmented on the basis of:
Types
12V Battery Backup Systems, 24V Battery Backup Systems, 48V Battery Backup Systems, 96V Battery Backup Systems, 110V Battery Backup Systems, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LiftMaster
- Tripp-Lite
- APC
- CyberPower
- Metropolitan Industries
- Tesco Controls
- Little Giant (Franklin Electric)
- Tesla
- EMC Industries
- Eaton
- LiftMaster
- NEPTUN
- DoorKing (DKS)
- MoboTrex
- Sun Valley Solar Solution
Highlights of The Battery Backup Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 12V Battery Backup Systems
- 24V Battery Backup Systems
- 48V Battery Backup Systems
- 96V Battery Backup Systems
- 110V Battery Backup Systems
- Other
- By Application:
- Residential
- Commercial
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Battery Backup Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A battery backup system is a type of emergency power supply that uses batteries to provide temporary power in the event of an electrical outage.
Some of the major players in the battery backup systems market are LiftMaster, Tripp-Lite, APC, CyberPower, Metropolitan Industries, Tesco Controls, Little Giant (Franklin Electric), Tesla, EMC Industries, Eaton, LiftMaster, NEPTUN, DoorKing (DKS), MoboTrex, Sun Valley Solar Solution.
The battery backup systems market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Battery Backup Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Battery Backup Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Battery Backup Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Battery Backup Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Battery Backup Systems Market Size & Forecast, 2020-2028
4.5.1 Battery Backup Systems Market Size and Y-o-Y Growth
4.5.2 Battery Backup Systems Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 12V Battery Backup Systems
5.2.2 24V Battery Backup Systems
5.2.3 48V Battery Backup Systems
5.2.4 96V Battery Backup Systems
5.2.5 110V Battery Backup Systems
5.2.6 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Battery Backup Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Battery Backup Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 12V Battery Backup Systems
9.6.2 24V Battery Backup Systems
9.6.3 48V Battery Backup Systems
9.6.4 96V Battery Backup Systems
9.6.5 110V Battery Backup Systems
9.6.6 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 12V Battery Backup Systems
10.6.2 24V Battery Backup Systems
10.6.3 48V Battery Backup Systems
10.6.4 96V Battery Backup Systems
10.6.5 110V Battery Backup Systems
10.6.6 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 12V Battery Backup Systems
11.6.2 24V Battery Backup Systems
11.6.3 48V Battery Backup Systems
11.6.4 96V Battery Backup Systems
11.6.5 110V Battery Backup Systems
11.6.6 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 12V Battery Backup Systems
12.6.2 24V Battery Backup Systems
12.6.3 48V Battery Backup Systems
12.6.4 96V Battery Backup Systems
12.6.5 110V Battery Backup Systems
12.6.6 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 12V Battery Backup Systems
13.6.2 24V Battery Backup Systems
13.6.3 48V Battery Backup Systems
13.6.4 96V Battery Backup Systems
13.6.5 110V Battery Backup Systems
13.6.6 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Battery Backup Systems Market: Competitive Dashboard
14.2 Global Battery Backup Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LiftMaster
14.3.2 Tripp-Lite
14.3.3 APC
14.3.4 CyberPower
14.3.5 Metropolitan Industries
14.3.6 Tesco Controls
14.3.7 Little Giant (Franklin Electric)
14.3.8 Tesla
14.3.9 EMC Industries
14.3.10 Eaton
14.3.11 LiftMaster
14.3.12 NEPTUN
14.3.13 DoorKing (DKS)
14.3.14 MoboTrex
14.3.15 Sun Valley Solar Solution
