United States Backup Power Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The United States Backup Power Systems Market Report is Segmented by Technology (Backup Generator and Uninterrupted Power Supply (UPS) and Other Technologies (Fuel Cell Backup Power, Etc. )) and End User (Residential, Commercial, and Industrial). The Report Offers Market Size and Forecasts for the United States Backup Power Systems Market in Revenue (USD Billion) for all the Above Segments.

United States Backup Power Systems Market Size

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United States Backup Power Systems Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 3.49 Billion
Market Size (2029) USD 4.47 Billion
CAGR (2024 - 2029) 5.10 %
Market Concentration Low

Major Players

United States Backup Power Systems Market Major Players

*Disclaimer: Major Players sorted in no particular order

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United States Backup Power Systems Market Analysis

The United States Backup Power Systems Market size is estimated at USD 3.49 billion in 2024, and is expected to reach USD 4.47 billion by 2029, growing at a CAGR of 5.10% during the forecast period (2024-2029).

  • Over the medium term, increasing infrastructure for data centers is expected to drive the backup power systems market, owing to the increasing demand for connectivity and the significant growth of the commercial sector in the United States.
  • On the other hand, with the rapid integration of renewable energy sources and distributed technologies onto the grid, the growth of the backup power systems market is expected to be hampered in the coming years.
  • However, the country's emerging commercial and industrial sectors, along with the development in the residential area, are likely to create immense opportunities for the US backup power systems market in the coming years.

United States Backup Power Systems Market Trends

Uninterrupted Power Supply (UPS) Technology to Witness Significant Growth

  • An uninterruptible power supply (UPS), or battery backup, provides backup power when the regular power source fails or the voltage drops to an unacceptable level. A UPS allows for the safe, orderly shutdown of a computer and connected equipment. The size and design of a UPS determine how long it will supply power.
  • Different UPS topologies (such as standby, line interactive, and double-conversion) provide specific levels of power protection. Standby UPS is the most basic UPS topology. A standby UPS resorts to battery backup power in case of common power problems such as a blackout, voltage sag, or voltage surge.
  • Moreover, interactive UPS models are typically used for consumer electronics, PCs, gaming systems, home theater electronics, network equipment, and entry-to-mid-range servers. They provide power during such events as a blackout, voltage sag, voltage surge, or overvoltage. Also, double-conversion UPS systems are designed to protect mission-critical IT equipment, data center installations, high-end servers, large telecom installations and storage applications, and advanced network equipment from damage caused by a power blackout, voltage sag, voltage surge, over-voltage, voltage spike, frequency noise, frequency variation, or harmonic distortion.
  • Uninterruptible power supply (UPS) systems provide critical protection for data centers and telecommunication equipment in mission-critical applications, serving as a source of backup power in the event of a power outage.
  • The demand for UPS systems also comes from various process industries, and one of the largest segments is refineries, which require large-scale UPS systems to avoid voltage variations and power backup in harsh conditions. The growth of the oil and gas downstream sector in North America is expected to positively impact the demand for UPS systems during the forecast period.
  • According to the Energy Information Administration, as of 2023, the refining operation capacity of the United States amounted to 18,248 thousand barrels per day. Further, the refining capacity of the United States is projected to increase significantly in the coming years, owing to the upcoming projects.
  • In January 2023, Exxon planned to start a USD 1.2 billion Texas oil refinery expansion to increase gasoline and diesel production at its Beaumont, Texas refinery. It is the first major expansion to US oil processing and will add the equivalent of a mid-sized refinery. Hence, such upcoming projects will likely supplement the demand for UPS systems.
  • Companies such as Amazon, Microsoft, and Google have committed to building new data centers in the country, which are highly sensitive and have a high risk of economic losses from downtime. This has translated into higher demand for UPS backup systems in the commercial sector.
  • Therefore, based on the above-mentioned factors, the UPS technology segment is expected to witness significant demand for the backup power systems market in the country during the forecast period.
United States Backup Power Systems Market: Refining Capacity, in Thousand barrels daily, United States, 2018-2023

Increasing Infrastructure for Data Centers to Drive the Market

  • Data centers are one of the key developing markets in the commercial space in the United States. The United States is the largest market for data centers, which indicates substantial demand potential for backup power systems in the country.
  • The United States was one of the world's largest countries for data centers. Major markets include the financial hubs of New York and Chicago, the tech hubs of San Francisco, Seattle, and Portland, the population hubs of Dallas and Los Angeles, and the government center in Washington, DC. With the country's total data center numbers outweighing its nearest market (the United Kingdom) by five times, the United States is also the undisputed "home of the internet," increasing the demand for UPS over the years.
  • The requirement for data centers in the country is growing rapidly due to increasing demand for connectivity compared to other factors, i.e., roughly 600 zettabytes of new data are created every year (600 trillion gigabytes). New facilities must handle increasing internet traffic to keep up with growing data.
  • Companies such as Amazon, Microsoft, and Google committed to building new data centers in the country, which are highly sensitive and have a high risk of economic losses from downtime. This has translated into higher demand for UPS backup systems in the commercial sector.
  • According to Cloudscene, as of March 2024, the United States reported 5,381 data centers, the most of any country worldwide. In addition, the number of data centers is expected to increase in the region as the United States is the fastest adopter of advanced technology such as big data, IoT, and artificial intelligence, and expanded coverage of 5G services across the country.
  • In February 2024, NTT DATA, a global digital business and IT services company, announced that TC Global Investments Americas LLC will invest in NTT Global Data Centers' American data center business in Chicago, Illinois. The NTT Global Data Centers Americas' Chicago data center campus will have three data centers and deliver 104MW critical IT capacity.
  • Overall, the demand for backup power systems is expected to increase significantly owing to the growth of the commercial sector, driven by the country's data centers.
  • Therefore, based on the above-mentioned factors, increasing infrastructure for data centers is expected to drive the backup power systems market in the United States during the forecast period.
United States Backup Power Systems Market: Number of Data Centers, in unit, by Major Countries, Global, as of March 2024

United States Backup Power Systems Industry Overview

The US backup power systems market is fragmented. Some major players (not in a particular order) include Emerson Electric Co., General Electric Company, Briggs & Stratton Corporation, Eaton Corporation PLC, and Generac Holdings Inc.

United States Backup Power Systems Market Leaders

  1. Emerson Electric Co.

  2. Briggs & Stratton Corporation

  3. Eaton Corporation plc

  4. Generac Holdings Inc.

  5. General Electric Company

*Disclaimer: Major Players sorted in no particular order

United States Backup Power Systems Market Concentration
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United States Backup Power Systems Market News

  • March 2023: Honda introduced a new stationary fuel cell power system to power its data center at the American Honda headquarters in Torrance, California. The stationary power system uses repurposed fuel cells from Honda's Clarity fuel cell electric vehicles. Individual fuel cells are combined into 250-kW stacks, with two of these stacks placed at Honda's factory.
  • December 2022: Caterpillar Inc. introduced the demonstration project using HFC technology incorporating large-format hydrogen fuel cells to generate sustainable and reliable backup energy at Microsoft data centers. The three-year project is a collaboration between Caterpillar, Microsoft, and Ballard Power Systems.
  • June 2022: Microsoft signed a deal with Eaton to integrate its data centers' backup power supply systems as part of the electricity grid, supporting the integration of renewable energy sources. Eaton will supply smart grid-ready EnergyAware UPS systems to Microsoft data centers in grid-stabilizing initiatives.

United States Backup Power Systems Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Scope of the Study

    2. 1.2 Market Definition

    3. 1.3 Study Assumptions

  2. 2. EXECUTIVE SUMMARY

  3. 3. RESEARCH METHODOLOGY

  4. 4. MARKET OVERVIEW

    1. 4.1 Introduction

    2. 4.2 Market Size and Demand Forecast in USD billion, till 2029

    3. 4.3 Recent Trends and Developments

    4. 4.4 Government Policies and Regulations

    5. 4.5 Market Dynamics

      1. 4.5.1 Drivers

        1. 4.5.1.1 Increasing Infrastructure for Data Centers

      2. 4.5.2 Restraints

        1. 4.5.2.1 Integration of Renewable Energy Sources and Distributed Technologies

    6. 4.6 Supply Chain Analysis

    7. 4.7 PESTLE Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Technology

      1. 5.1.1 Backup Generator

      2. 5.1.2 Uninterrupted Power Supply (UPS)

      3. 5.1.3 Other Technologies (Fuel Cell Backup Power, etc.)

    2. 5.2 End User

      1. 5.2.1 Residential

      2. 5.2.2 Commercial & Industrial

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Strategies Adopted by Leading Players

    3. 6.3 Company Profiles

      1. 6.3.1 Atlas Copco AB

      2. 6.3.2 Briggs & Stratton Corporation

      3. 6.3.3 Caterpillar Inc.

      4. 6.3.4 Eaton Corporation PLC

      5. 6.3.5 Emerson Electric Co.

      6. 6.3.6 Generac Holdings Inc.

      7. 6.3.7 General Electric Company

      8. 6.3.8 Kohler Co.

      9. 6.3.9 Mitsubishi Electric Corporation

    4. *List Not Exhaustive
    5. 6.4 Market Ranking/Share (%) Analysis

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 The Emerging Commercial and Industrial Sectors of the Country

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United States Backup Power Systems Industry Segmentation

Backup power systems refer to systems that provide electricity when the primary power source fails or is interrupted. These systems are also known as emergency power systems. During power outages, they are designed to provide reliable power to critical loads, such as medical equipment, data centers, and telecommunication systems.

The US backup power systems market is segmented by technology and end users. The market is segmented by technology into backup generators, uninterrupted power supplies (UPS), and other technologies (fuel cell backup power, etc.). By end users, the market is segmented into residential, commercial, and industrial. Market sizing and forecasts have been done for each segment based on revenue (USD).

Technology
Backup Generator
Uninterrupted Power Supply (UPS)
Other Technologies (Fuel Cell Backup Power, etc.)
End User
Residential
Commercial & Industrial
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United States Backup Power Systems Market Research FAQs

The United States Backup Power Systems Market size is expected to reach USD 3.49 billion in 2024 and grow at a CAGR of 5.10% to reach USD 4.47 billion by 2029.

In 2024, the United States Backup Power Systems Market size is expected to reach USD 3.49 billion.

Emerson Electric Co., Briggs & Stratton Corporation, Eaton Corporation plc, Generac Holdings Inc. and General Electric Company are the major companies operating in the United States Backup Power Systems Market.

In 2023, the United States Backup Power Systems Market size was estimated at USD 3.31 billion. The report covers the United States Backup Power Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Backup Power Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

United States Backup Power Systems Industry Report

Statistics for the 2024 United States Backup Power Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Backup Power Systems analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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United States Backup Power Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)