Market Size of United States Backup Power Systems Industry
| 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
*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.
