LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global backup power systems market for the oil and gas industry 2017-2021 report. This market research report also lists 19 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global backup power systems market for the oil and gas industry is highly fragmented with the presence of numerous vendors worldwide, offering a wide variety of products. The backup power systems market is marked by numerous international and local vendors, supplying backup power solutions to various industries including oil and gas. The products are non-differentiated, and with a horde of vendors, the switching costs are low. The oil and gas industry requires a continuous and reliable supply of power. The backup power systems for the oil and gas industry are designed with the intent to ensure continuous supply of power in the event of a power outage.
“With the rise in refinery greenfield and brownfield projects, the backup power requirements are likely to go up. 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,” says Thanikachalam Chandrasekaran, a lead oil and gas research analyst from Technavio.
The report also states that gas generators find huge applications in the oil and gas industry due to the high availability of natural gas as a fuel at drilling locations, especially in the upstream sector, in remote onshore fields as well as offshore fields, where main grid connectivity is not possible, gas generators are the ideal source for power generation.
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Technavio market research analysts identify the following key vendors:
Aggreko
Aggreko offers critical rental power solutions to companies worldwide. It provides rental generators, load banks, and transformers along with the required cabling and electrical distribution equipment to provide complete turnkey solutions. The company's offerings for power generation include silenced gas and diesel generators, air conditioners, chillers, heaters, humidifiers, cooling towers, and load banks for emergency and planned purposes.
Caterpillar
Caterpillar manufactures and sells generator sets with applications in continuous supply, mission-critical standby, and prime power. Within the diesel range of stationary generators, the company offers over 25 models. Depending on the application, these generators are available with ratings from 6 ekW to about 14,040 ekW.
Cummins
Cummins designs, manufactures, and markets a wide range of power generation systems, diesel and natural gas engines, and engine-related component products worldwide. The key applications of Cummins products include alternative fuels, cogeneration, distributed generation, prime power, standby power, residential, light commercial, commercial mobile, recreational vehicle, marine, and rental power.
Saft
Saft designs and manufactures batteries used in various industries including transport, and defense. It offers a range of nickel-based and lithium-ion-based batteries which are used in oil and gas upstream, midstream and downstream facilities. Saft offers its batteries for applications such as emergency power, UPS and control, and safety system support. These batteries are known to offer reliability, energy/power density, and safety in harsh conditions and extreme temperatures with minimum maintenance requirements and long lifespan.
Trojan Battery
Trojan Battery is a manufacturer of deep-cycle batteries. The company offers a broad range of batteries such as deep-cycle flooded, deep-cycle AGM, and gel batteries. These batteries are used in floor scrubbers and utility, aerial work platforms, commercial trucking, marine, floor machines, RVs, oil and gas applications, material handling applications, and renewable energy systems.
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