Market Research Future (MRFR) has published a cooked research report on the “global UPS Battery market” that contains the information from 2018 to 2032.
The UPS Battery market is estimated to register a CAGR of 9% during the forecast period of 2024 to 2032. MRFR recognizes the following companies as the key players in the global UPS Battery market— ABB, Makvolt Power, Socomec, KStar Corporation, East Group, Schneider Electric, Emerson Electric, Eaton Corporation, Toshiba Corporation and Siemens
UPS Battery market Highlights
The global UPS Battery market is accounted for to register a CAGR of 9% during the forecast period and is estimated to reach USD 18530.87 million by 2032.
The widespread use of digital infrastructures across industries represents a very key catalyst for the Uninterruptible Power Supply (UPS) market. In this connected world of today, advanced digital technologies are increasingly introduced into business functions; from data management systems to automation processes. Digitalization improves efficiency and competitiveness but at the cost of an increased demand for reliable sources of power. The more the company relies on digital systems, the more important it is to ensure a continuous and stable power supply to avoid disruptions that might affect its productivity and service delivery. The COVID-19 pandemic is said to have given a starting run for many companies to spend, since the rise of remote work ignited the requirements of various organizations to adopt cloud technologies that accommodate flexible working environments. The power reliability considerations in health sectors are particularly significant. Hospitals and other medical facilities have extensive reliance on electronic medical equipment, data management systems, and communication tools that should function uninterruptedly. A power outage may risk the security of patients and disrupt critical services. For example, life-support systems, diagnostic equipment, and electronic health records all require reliable power supply. As such, healthcare providers are continuously investing in UPS systems in order to ensure the protection of operations to ensure business continuity even when power outages happen.
Data centres expansion and more people doing their work over the cloud demonstrate how extremely vital digital infrastructure is. As the majority of organizations shift from doing things on physical platforms to the cloud for data storage and processing, the need for continuous power supply becomes severe. Data centres require substantial energy to operate, and any power disruption can lead to data loss, service outages, and financial repercussions. UPS systems are essential in these environments, providing backup power that protects data integrity and ensures that services remain accessible to clients and customers at all times.
The telecommunications industry exemplifies another sector where digital dependence drives UPS demand. The increasing demand for uninterrupted connectivity means that telecommunication firms have to make sure the connectivity network is able to withstand such a failure. Any failure of service, therefore, leads to the ultimate dissatisfaction of a customer and loss of revenue. UPS systems have critical importance in ensuring the continued operation of communications infrastructure during power failures, allowing telecom operators to deliver a seamless service to their users. As connectivity becomes crucial for both businesses and consumers alike, the requirement for efficient UPS solutions in the sector continues to advance.
Industrial automation and smart manufacturing represent trends that, consequently, underpin the need for UPS systems. It is only lately that modern manufacturing processes are augmenting automation machinery as well as robotics and Internet of Things (IoT) devices, all of which need constant power supply to function without any glitches. This interruption of power can stop production lines and usually translates to time-consuming delays that can cause damaging to equipment. Businesses, embracing automation for better productivity, are opting for UPS systems as they offer protection against the risks of power disruptions that could steer their operations back into inefficiency. The increasing need for digital infrastructure across industries are the major factors leading to the increased demand for Uninterruptible Power Supply systems in today's market. With further investment in digital technologies in organizations, there will continue to be an increase in the need for reliable power solutions. UPS systems protect all critical operations from power failure and hence let businesses maintain competitive advantage in such a rapidly digital environment. Thus, the market for UPS is set to grow crucially as these systems remain the lifeline of modern business operations.
Segment Analysis
The global UPS Battery market has been segmented based on Rating, Product Type, Battery Type and Application, and Region.
The global UPS Battery Market segmentation, based on Rating has been segmented into segmented into 5KVA, 5-<50KVA, 50-200KVA, and >200KVA. Among these, the 5-<50KVA of UPS Battery is projected to dominate the global UPS Battery market revenue through the projected period. Uninterruptible Power Supply (UPS) systems with ratings ranging from 5 to less than 50 kVA are specifically designed for medium-sized applications, catering to the needs of small to mid-sized businesses, data centers, and critical infrastructure. These UPS units offer reliable backup power, ensuring that essential equipment such as servers, telecommunications systems, and industrial machinery remain operational during power outages. Equipped with advanced features like high efficiency, modularity, and scalability, they can adapt to changing power demands while offering robust protection against power surges, voltage fluctuations, and other electrical disturbances. This adaptability and reliability not only enhance operational continuity but also safeguard sensitive equipment from potential damage, reducing downtime and improving overall productivity. As such, these UPS systems play a crucial role in maintaining business resilience, making them an indispensable part of power management strategies for organizations reliant on uninterrupted power supply.
In Product Type segment, the market is categorized into Off-Line/Standby, Line-Interactive, and Online/Double Conversion. The Off-Line/Standby segment is dominant the largest market share in the UPS Battery industry. Offline or standby UPS systems are designed to provide backup power by using inverters and batteries. These systems operate in a "standby" mode and automatically switch on only at the time of a power failure. Typically, they have switching times under 5 milliseconds and are suitable for low-power tolerance appliances, such as computers, TVs, and home entertainment systems. Even though the backup time is relatively limited, these are the most economical options because they are simplistic and inexpensive. Offline UPS systems are light in size, and require less space; therefore, they are suitable for small-scale applications, such as home offices or residential use. Due to easy installation and their cost efficiency, offline UPS systems are increasingly in demand among consumers who want to have reliable yet cost-efficient power backup solutions. In this regard, they will lead the product-type market segment during the forecast period.
In Battery Type segment, the market is categorized into Lithium-Ion UPS Batteries, Lead-Acid UPS Batteries, Nickel-Cadmium UPS Batteries, and Others. The dominant market share in the UPS Battery industry is expected to be held by the Lead-Acid UPS Batteries and the second dominant segment is Lithium-Ion UPS Batteries. Lead acid UPS batteries are the most reliable, cost-effective, and most maintenance-friendly systems found in uninterrupted power supply systems. Data centers, telecommunications, and industrial applications traditionally require lead-acid UPS for reserve power when backup is needed due to an outage. While they tend to have a shorter lifespan, along with slower recharging times, compared to newer technologies like the lithium-ion battery, lead-acid batteries are known for their ability to deliver high surge currents into heavy loads during critical moments. Additionally, lead-acid batteries benefit from an already established recycling infrastructure, supporting sustainability. Despite the competition from advanced battery technologies, lead-acid UPS batteries remain in great demand for organizations looking for lower initial costs versus reliable performance. Robustness and familiarity ensure that lead-acid batteries remain an integral part of power backup solutions for many industries.
In Application segment, the market is categorized Telecommunications, Data Centers and IT Infrastructure, Healthcare, Manufacturing and Industrial Processes, Financial Institutions, Military and Defense, and Others. The dominant market share in the UPS Battery industry is expected to be held by the Data Centers and IT Infrastructure and the second dominant segment is Telecommunications. With the rapid growth of digital infrastructure in enterprises, enormous data generation has arisen and, therefore, uninterrupted power supply systems are important to keep IT operations reliable and secure. In this context, data centers, for example, highly rely on UPS systems to prevent power fluctuations that could damage their hardware as well as disrupt workloads, violating SLAs. To reduce the risks involved, 50kVA to 200 kVA online/double-conversion UPSs are widely utilized in data centers. The systems are always connected to an inverter and, thus, are directly between the IT equipment and the power supply. In terms of providing consistent and reliable backup power, the UPS prevents surges and voltage fluctuations from affecting sensitive equipment like servers and networking devices. Further, they permit shutdown operations without danger to prevent system failure and maintain the integrity of data files for continued seamless functions and business continuity based on mission-critical infrastructure.
Regional Analysis
By Region, the UPS Battery market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The North America UPS Battery market holds considerable market share and is also forecasted to hold the largest share during the forecast period. The market in North America is mainly driven by increasing demand for UPS technology in healthcare and pharmaceutical applications, an increase in sales of three-phase UPS systems for industrial applications, developments in the telecommunication industry, and increasing demand for UPS technology in healthcare and pharmaceutical applications. North America possesses sophisticated medical equipment for diagnosing patients. The sophisticated medical equipment used in hospitals is power sensitive, and frequent power fluctuations may deteriorate the reliability of the medical devices. Thus, an increase in demand for intelligent power backup systems for running medical equipment is likely to propel the demand for UPS technology in healthcare applications.
Key Findings of the Study
- The global UPS Battery market is expected to reach 18530.87 million by 2032, at a CAGR of 9% during the forecast period.
- The North America region accounted for the fastest-growing global market.
- Based on Rating, the 5-<50KVA segment was attributed to holding the largest market in 2023.
- Based on Product Type, the Off-Line/Standby segment was attributed to holding the largest market in 2023.
- Based on Battery Type, the Lead-Acid UPS Batteries segment was attributed to holding the largest market in 2023.
- Based on Application, the Data Centers and IT Infrastructure segment was attributed to holding the largest market in 2023.
- ABB, Makvolt Power, Socomec, KStar Corporation, East Group, Schneider Electric, Emerson Electric, Eaton Corporation, Toshiba Corporation and Siemens are the key market players.
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Companies Covered | 15 |
Pages | 128 |
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