According to our latest market study on “UPS Battery Market Forecast to 2027 – COVID-19 Impact and Global Analysis – by Product Type (Lead-Acid, Lithium-Ion, and Other Product Types) and Application (Commercial, Residential, and Other Applications),” the market was valued at US$ 695.6 million in 2020 and is projected to reach US$ 1,475.7 million by 2028; it is expected to grow at a CAGR of 10.6% from 2021 to 2028. The report highlights key factors driving the market growth and prominent players with their developments in the market.
There has been a huge increase in demand for data centers worldwide due to the rising data-related services, which is driving the demand for UPS. Further, cloud-based services require to be online to provide services, which is surging the need for UPS systems. The growing trend of cloud computing and virtualization has led to a rise in data centers globally. As per the Energy Innovation 2020 facts, some of the largest data centers across the world can comprise several IT devices and need ~100 megawatts (MW) of power capacity, which is sufficient to power ~80,000 households in the US. In 2018, worldwide data centers consumed ~205 terawatt-hours (TWh) or 1% of global electricity. At present, there are 4,738 colocation data centers across 127 countries, and growing applications of UPS batteries in data centers are driving the growth of the UPS battery market. EATON Corporation, Exide Industries Ltd., Schneider Electric SE, and GS Yuasa International Ltd. are among the key players profiled during the study of the market.
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The proposed UPS Battery Market report will encompass all the qualitative & quantitative aspects including the market size, market estimates, growth rates & forecasts & hence will give you a holistic view of the market. The study also includes a detailed analysis of market drivers, restraints, technological advancements & competitive landscape along with various micro & macro factors influencing the market dynamics.
The UPS Battery Market sample report includes an exclusive analysis of the COVID-19 pandemic on the market space under scrutiny. The sample represents the format of the overall study which is designed to provide clarity on the structure of the report and some data points demonstrated in an attempt to provide insights into the study quality.
Furthermore, the UPS Battery Market full research study is designed on account of the fact that each segment is individually assessed and then collated to form the whole market, the study can be tailor-made to fit your exact requirements.
The Structure of The UPS Battery Market Report Can Be Categorized into the Following Sections:
Section 1: Scope of the Report & Research Methodology
Section 2: Key Takeaways
Section 3: Market variables & their impact on growth and analytical tools providing High-Level Insights into the Market Dynamics and Growth Pattern
Section 4: Market Estimates and Forecasts (with the base year as 2019, historic information of 2016 & 2018 and forecast from 2020 to 2027). Regional and Country Level Estimates and Forecasts for each category are summed up to form the Global Market.
Section 5: Competitive Landscape. Attributes such as Strategy Framework, Competitor Categorization are included to provide elaborate details on the Market Structure & Strategic Undertakings as well as their impact.
The Prominent/Emerging Players In The UPS Battery Market Research Include:
- CSB Battery Co., Ltd.
- East Penn Manufacturing Company
- Eaton Corporation plc
- Exide Industries Limited
- FIAMM Energy Technology S.p.A
- GS Yuasa International Ltd.
- leoch International Technology Limited Inc.
- NorthStar Group Services, Inc.
- Schneider Electric SE
- Vertiv Group Corporation
The UPS Battery Market Company Profiles are individually represented for all major participants and indices such as Financial Performance, Strategic Initiatives, Product Portfolio & Company Overview.
Rising Use of Li-Ion Batteries in UPS System
Presently, the Li-ion battery—which is highly used for energy storage and power supply—is being heavily adopted for various industrial applications. Several benefits of Li-ion batteries such as higher energy efficiency and extended battery life provided are leading to wider adoptions in commercial and residential applications. The use of Li-ion battery for UPS provides better-operating parameters, safer chemistries, strong materials, and less stressed user environments. Li-ion batteries are extensively used across all the regions in order to introduce economical and energy-efficient battery technology. In Europe, the continuously surging cost of real estate is positively influencing the adoption of Li-ion batteries.
Besides, the growing investments in industrial material-handling operations, especially in Germany, the UK, and the Netherlands, are boosting the adoption of Li-ion batteries in Europe. There is an increase in the adoption of Li-ion batteries in UPS in emerging economies of Africa and the Middle East. Due to the cost-effectiveness of Li-ion batteries, there is a swift shift from lead-acid to Li-ion technology, which is propelling the market growth. For instance, in March 2020, Vertiv launched Li-ion UPS products to replace conventional lead-acid-based UPS systems. Thus, the rise in the use of Li-ion batteries is fueling the growth of the global UPS battery market.
Company overview provides information about the location of the company where it is headquartered along with the established year, employee strength as of 2017, regions where the company is operating and the key business areas.
Overall company/segment revenue for the year 2019, 2018, and 2017 is provided in the subtitle “Financial Performance” (public listed companies) along with the analysis and explanation of the increase or decrease in the same due to factors such as mergers & acquisition, profit or loss in any strategic business unit (SBUs) and others.
Product benchmarking comprises the comprehensive list of products pertaining to the respective market along with the application and key features.
Insights pertaining to the new product launch, strategic collaboration, mergers and acquisition, regulatory approval, and other developments by the company in the market are covered under the strategic initiatives section.
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The UPS Battery Market research study is designed to keep in focus all the major countries. Although all these countries & their market trends were accounted for while composing it, detailed sections are available for only the spearheads. In case if you would be interested in specific countries that are not covered in the current scope, kindly share the list & we can customize the study based on the geographical scope defined by you.
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