San Francisco, California, August 30, 2017: The rising demand for power and the shortage of supply are the key factors driving the global market for power backup systems. A new report by TMR Research, titled “Power Backup Systems Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025,” gives a 360 degree assessment of the various factors influencing the market’s trajectory. This report provides projected market values for the global market over the forecast period. Furthermore, market values for various segments of this market are included to induce comprehensive insights into the market. This market study is based on extensive research using primary and secondary sources, resulting to accumulation of reliant information regarding this industry.
The global market for power backup systems is evolving due to changing technology. The players are trying to find new solutions to meet the increasing requirements of consumers. The demand for cleaner energy to minimize the effects of pollutions on environment is motivating players to come up with new products. The manufacturers are striving to develop systems that generates lower noise pollutions. The stringent government policies pertaining to noise generation and carbon emissions are further shaping the global market. Furthermore, researchers are developing fuel-efficient and portable systems to gain impetus in the market. As all the industries are dependent on reliable power backup systems, global industrial development is assisting the market to gain momentum. Moreover, consumers are demanding for advanced power backup systems due increasing frequency of power cut outs. This report is a guide to various trends that are affecting the global market. These trends are included to help readers gain complete knowledge of various factors influencing the market.
Based on product types, the global market for power backup systems can be segmented into batteries, uninterrupted power supply (UPS), inverters, and diesel generators. Of these, uninterrupted power supplies segment is expected to expand significantly over forecast period owing to augmenting electronic devices and development of IT sectors all over the world. Furthermore, applications of generators are increasing in the industries such as construction, telecom, and IT. These escalating applications and expansion of aforementioned industries are most likely to project high growth of generators segment. Geographically this market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. Estimated market growth trajectories for these regions are included to provide regional guide of the market to readers.
Players operating in this market are inclined towards technology to fullfill growing consumer needs. Some of the prominent players in this market include Videocon, Kirloskar Group, Ingersoll-Rand Inc., Himoinsa Power Systems Inc., FG Wilson, Atlas Copco, Caterpillar Inc., and Ballard Power system Inc. Company profiles of these players are included, shedding light on various aspects related to functional players of this market.
Click on the link below to request a sample copy of the report