About Emergency Power System
An emergency power system is basically an autonomous source of power that supports electrical systems at the time of loss of normal power supply. It is a standby power system that covers products including standby generators, batteries, and others. Emergency power generally denotes a guaranteed, uninterruptible power supply. Emergency power systems available at any time within milliseconds of a power failure and guarantee a power supply. These systems are most often deployed by grave infrastructures such as hospitals.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global emergency power system market is strongly competitive. The market-leading operating in this market who are highly focused towards research and development activities to grow new products and solution. With the increasing applications are developed by companies to strengthen their presence. The companies are discovering the market by adopting various market strategies such as mergers & acquisitions, expansions, investments, and others. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Emergency Power System market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
EATON (Ireland), Schneider-Electric (France), Emerson (United States), GE (United States), Caterpillar (United States), ABB (Switzerland), AEG (Germany), Generac (United States), Briggs & Stratton (United States) and Kohler Co. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Socomec (France), Borri (Italy), DAEL (Netherlands), Briggs & Stratton (United States) and Kohler Co. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Emergency Power System market by Type (UPS Type, Generators Type and Others), Application (Industrial Application, Healthcare Industry, Data Centre & Telecommunication, Government & Defense, Commercial Construction Building and Others) and Region.
On the basis of geography, the market of Emergency Power System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Features, the sub-segment i.e. Pure Sine Wave Output will boost the Emergency Power System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offerings, the sub-segment i.e. Hardware will boost the Emergency Power System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Awareness Regarding Emergency Backup Power and Growing Adoption of UPS Systems Which is an Important Power-Back Up Device
Market Growth Drivers:
With the increasing urbanization across the globe, which driving increasing the uninterruptable flow of electricity. Along with that increasing number of IT industries across the globe, majorly in Asia Pacific regions. The major benefits of this system are the utilization of UPS, because of its limited damage feature for the various components and appliances.
Challenges:
High Utilization of Renewable Power Generation Process and Growing Risk of Single Point of Failure
Restraints:
High Cost Associated with Emergency Power System’s Installation & Maintenance
Opportunities:
Mounting Requirement for Uninterrupted Power Supply, High Dependency on Electricity and Increasing Requirement from the Tier II & III Cities Across the Globe
Market Leaders and their expansionary development strategies
In August 2023, The International Energy Agency (IEA) joins forces with industry leaders to launch a global initiative for promoting the adoption of resilient and sustainable emergency power solutions.
In November 2023, Caterpillar unveils its MTU Prime PowerPack, a mobile and rapidly deployable emergency power system ideal for disaster response and temporary power needs.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Emergency Power System Providers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.