ENERGY RESILIENCE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
Global energy resilience market is estimated to be valued at USD 45.57 Bn in 2024 and is expected to reach USD 85.77 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031. Global energy resilience market has been witnessing significant growth due to factors such as rising power outages, advancements in backup power solutions, and focus toward ensuring uninterrupted power supply across various sectors. Key end-use industries such as IT & telecom, healthcare, manufacturing continuously require reliable power sources to support mission critical operations. Growing investments toward strengthening critical infrastructure and establishing smart microgrids are further driving the demand for energy resilience solutions.
Market Dynamics
Global energy resilience market growth is driven by factors such as increasing power outages due to aging electricity infrastructure and adverse weather conditions. Moreover, growing investments by governments and enterprises toward establishing smart microgrids for both on-grid and off-grid applications is propelling the demand. However, high initial capital requirements for deployment of backup power solutions can hamper the market growth. Emergence of distributed energy resources and focus on renewable energy integration offer lucrative opportunities. Market players are investing in R&D to develop hybrid power solutions with integrated storage and controls to boost efficiency. Adoption of AI and IoT is also expected grow rapidly. Players in the market are focusing on developing innovative and sustainable products to cater to emerging requirements. However, factors such as high initial costs associated with setting up resilience infrastructure could hamper the market growth.
Key features of the study
- This report provides in-depth analysis of the global energy resilience market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global energy resilience market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Tesla, Inc., Siemens AG, Schneider Electric, General Electric, ABB Ltd., Honeywell International Inc., LG Chem, Panasonic Corporation, NextEra Energy, Inc., Eaton Corporation, Enphase Energy, Vestas Wind Systems A/S, First Solar, Mitsubishi Electric, and SunPower Corporation
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global energy resilience market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Market Segmentation
Market Segmentation
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