Global Backup Power Systems for Oil and Gas Market Research Report

Global Backup Power Systems for Oil and Gas Market Research Report

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. 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.

The latest trend gaining momentum in the market is the increase in use of gas generators in the oil and gas industry. Environmental reforms and stringent emission regulations to reduce emissions have led to a new technology being developed where generators produce increased power output while consuming less fuel. A recent trend has been the shift to gas powered generators. The use of gas for generators produces cleaner power with reduced emissions than diesel generators. The gas generators emit only 15% emissions of a diesel generator and are 35% less costly when compared with a diesel generator. The global Backup Power Systems for Oil and Gas market is anticipated to register a significant CAGR over a forecast period. Read More…

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