Report Details:
15 Companies Covered
128 Pages
Pune, India, March 2021, MRFR Press Release/- Market Research Future has published a Half-Cooked Research Report on the Global UPS Battery Market.
UPS Battery Market Statistics
Global Market for UPS Battery is expected to grow at 9% CAGR during the forecast period, 2024–2032. UPS batteries are used to provide the power backup power to the UPS system to ensure the proper functioning of computers and other related electrical equipment in a safe working condition.
Global UPS Battery Market, 2020–2026
In 2019, Asia-Pacific dominated the Global UPS Battery Market in terms of share: MRFR
The global UPS battery market has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and South America. Asia-Pacific is expected to hold the largest share of the market during the forecast period. The rising adoption of modular UPS systems, growing demand for colocation facilities, and the growing demand for UPS in BFSI and IT infrastructure drive the growth of the UPS battery market in the region. In October 2017, CYRUSONE (US) along with the partnership with GDS Holdings Limited (China) invested USD 100 million for the development of data centers in China. In July 2019, Oracle (US) opened its new data center in Seoul to meet the demand of cloud computing services in South Korea. Similarly, In November 2019, AirTrunk (Australia) invested USD 1 billion to develop data centers in the northern part of Sydney in Australia. This leads to an increased demand for UPS battery for the continuous power supply to data centers in South Korea. Such factors are expected to drive the growth of the UPS battery market in the Asia-Pacific region during the forecast period.
The global UPS battery market has been segmented based on battery type, organization size, and application. Based on battery type, the global market is divided into lead acid, nickel cadmium, Li-ion, and others. The Li-ion segment is expected to hold the larger share of the market and grow at the fastest rate during the forecast period. Based on organization size, the global market is divided into small and medium enterprises (SMEs) and large enterprises. The small and medium enterprises (SMEs) segment is expected to grow at the fastest rate during the forecast period. Based on application, the market is segmented into residential, commercial, data centers, and industrial. The industrial segment is expected to hold the largest share of the market and it is anticipated to grow at a faster rate during the forecast period.
Global UPS Battery Market is expected to grow at 9% CAGR during the forecast period.
Drivers
Scope of the Report
This report provides an in-depth analysis of the global UPS battery market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size and share for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global UPS battery market by battery type, organization size, application, and region.
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By Battery type- Lead-acid
- Nickel Cadmium
- Li-ion
- Others
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By Organization Size- Small and Medium Enterprises (SMEs)
- Large Enterprises
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By Application- Residential
- Commercial
- Data Centers
- Industrial
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By Region- North America
- Asia-Pacific
- Europe
- Middle East & Africa
- South America
Key Players
The players operating in the Global UPS Battery Market are GS Yuasa Corporation (Japan), East Penn Manufacturing (US), Saft Batteries (France), Vertiv (US), Active Power (US), CSB Energy Technology Co., Ltd. (Taiwan), Leoch International Technology Limited (Hong Kong), EnerSys (US), Socomec (France), FIAMM Energy Technology S.p.A. (Italy), Eaton (Ireland), Exide Industries Ltd. (India), Toshiba Corporation (Japan), Schneider Electric (France), Kokam Co., Ltd (South Korea), and Kehua Data Co., Ltd. (China).