Market Trend : Backup Power Systems Market for Oil and Gas Industry Globally Grow at a CAGR of 4.27% by 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.
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The backup power system is connected to grid power and has electrical components that allow it to sense an outage and turn on automatically. 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.
Technavios analysts forecast the global backup power systems market for the oil and gas industry to grow at a CAGR of 4.27% during the period 2017-2021.
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:
Americas
APAC
EMEA
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Technavio's report, Global Backup Power Systems Market for the Oil and Gas Industry 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.
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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Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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