UPS Battery Market 2022 Rising Demands, Sales, Top Companies, Shares, Size and Industry Trends, Forecast to 2030

UPS Battery Market share is expected to reach USD 1490 Million by 2028, expanding at a compound annual growth rate (CAGR) of 11% during the forecast period.

UPS Battery Market Overview

The expansion of the UPS battery market in the global industry is being driven by increasing advances in data centers. Servers, networking systems, and storage resources make up a data center, which organizes, stores, and processes data and information. Data centers are where an organization’s essential applications are hosted. UPSs are used in data centers to provide backup power for a longer period since data centers require an uninterrupted and stable power supply for proper networking, and power failures in data centers can disrupt operations and result in financial losses.

UPS Battery market demonstrates a high growth potential which is likely to attract many entrants to the market resultantly, intensifying the competition further. Manufacturers strive to develop innovative materials, and best practices. Incorporating acquisition, collaboration, partnership, and expansion the well-established players gain the competitive advantage to maintain their market position. Also, they make substantial investments in manufacturing & expansion program. Expansions help in reducing logistic cost and increase production capacities and potential to fetch larger turnovers.

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Globally Major key Players accelerates the UPS Battery Market are, CSB Energy Technology Co., Ltd. (Taiwan), East Penn Manufacturing (US), Eaton (Ireland), Exide Industries Ltd. (India), FIAMM Energy Technology S.p.A. (Italy), GS Yuasa Corporation (Japan), Leoch International Technology Limited (Hong Kong), Schneider Electric (France), Vertiv (US), EnerSys (US), Active Power (US), Socomec(France), Toshiba Corporation (Japan), Kehua Data Co., Ltd.(China), Kokam Co., Ltd (South Korea), and Saft Batteries (France)

Industry News

• In April2019, Vertiv introduced the HPL lithium-ion battery cabinet for larger capacity uninterruptible power supply (UPS) systems.
• In March 2019, Eaton launchedthenew5P rackmount lithium-ion battery technology. This product development extended the battery life and allow remote management capabilities for IT and edge computing environments.

Most important Segments of UPS Battery market covered in this report are,

Based on battery type, the global UPS battery market has been divided into lead acid, nickel cadmium, Li-ion, and others. The Li-ion segment held the largest market share in 2019 and is expected to grow at the faster rate during the forecast period as it has higher energy density, lower self-discharge rate, low maintenance, better load characteristics, and higher stability as compared to other type of batteries. All these factors result in the Li-ion segment holding the higher share of the global market.

Based on organization size, the global UPS battery market has been divided into small and medium enterprises (SMEs) and large enterprises. The small and medium enterprises (SMEs) segment hold the largest market share in 2019.  The small and medium enterprises (SMEs) segment is expected to grow at the fastest rate during the forecast period.

The global UPS battery has been divided, based on application, into residential, commercial, data centers, and industrial. The industrial segment is expected to hold the largest market share of the global UPS battery market in 2019 and is expected to grow at the fastest rate during the forecast period, due to the growing focus on the developments of BFSI, IT & Telecommunication, and Manufacturing sectors in the region.

UPS Battery Industry Influence of the global market report:

• Comprehensive assessment of all opportunities and risks in the UPS Battery Market.
• UPS Battery Market recent innovations and major events.
• A detailed study of business strategies for the growth of the UPS Battery Market market-leading players.
• Conclusive study about the growth plot of UPS Battery Market for forthcoming years.
• In-depth understanding of UPS Battery Market, market-particular drivers, constraints, and major micro markets.
• Favorable impression inside vital technological and market latest trends striking the UPS Battery Market.

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The UPS Battery market trends is growing pervasively, witnessing an exponential growth backed by the increasing investments, competitive activities, global developments, opportunity, and business trends during forecast period 2022 to 2030.

The global UPS Battery market during the period has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key experts such as CEOs VPs, directors, and executives. Finally, the global market breakdown and data triangulation procedures have been employed to complete the overall market engineering processes and functions and hence, arrive at the exact statistics for all segments and subsegments.

UPS Battery Market Regional Analysis

Based on region, the global UPS battery market is segmented into Asia-Pacific, North America, Europe, the Middle East&Africa, and South America. Asia-Pacific holds the largest UPS battery market share due to the growing demand for uninterrupted power supply and the rising development in data centers 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. In Japan, in April 2020, Equinix Inc. (US) formed a joint venture with GIC to set up and operate hyperscale data centers in Japan. 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.In addition to this, in India, in November 2020, Amazon announced to invest nearly USD 2.8 billion to set up a new AWS cloud data center.Moreover, in September 2018, Alibaba Group (China) opened its second Availability Zone in Mumbai, India. In February 2019, CtrlS Datacenters Ltd (India) planned to invest USD 278.6 million for setting up three hyper-scale data centers in India.Such developments are expected to grow the demand for UPS Battery in the region.

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