UPS Battery Market Trends, Revenue Growth, Business Insights, Forecast By 2030
May 16, 2023
UPS Battery Industry Insights:
UPS Battery Market share is expected to grow at a compound annual growth rate (CAGR) of 11% during the forecast period.
One essential component of an uninterruptible power source is the battery (UPS). The UPS battery is responsible for the device’s long lifespan and effective operation. As a result, battery maintenance is essential. The three main varieties of UPS batteries that are accessible to the community of end users, ranging from the commercial to the industrial sector, are lithium-ion (Li-ion), lead-acid, and nickel-cadmium.
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Key Companies Profiled
- 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)
- Toshiba Corporation (Japan)
- Kehua Data Co.Ltd.(China)
- Kokam Co.Ltd (South Korea)
- Saft Batteries (France)
UPS Battery Market Drivers:
- Increasing Power Outages: Power outages are a common occurrence in many regions, whether due to natural disasters, aging infrastructure, or grid instability. UPS batteries act as a backup power source, providing continuous electricity during such outages, thereby driving the demand for UPS systems and batteries.
- Growing Digitalization and Connectivity: The digital revolution and increasing reliance on technology have led to a significant rise in the number of critical applications and devices that require uninterrupted power supply. Data centers, telecommunications networks, medical equipment, and other sensitive electronics depend on UPS batteries to ensure continuous operation and protect against data loss or equipment damage.
UPS Battery Market Covid -19 impact
One of the major impacts has been the disruption of the supply chain, as many countries imposed restrictions on the movement of goods and people to contain the spread of the virus. This has led to delays in the delivery of raw materials and finished products, resulting in production slowdowns and increased costs.
However, the economic downturn resulting from the pandemic has also impacted the market, as many businesses have reduced their spending on infrastructure and capital investments. This has led to a decrease in demand for UPS batteries, particularly in industries such as manufacturing, construction, and transportation.
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The largest portion is now generated in the Asia-Pacific area, with a global demand share expected to reach 35.5% in 2020. Any power electronics manufacturer can enter the UPS market since the entry barrier is so low. As a result, UPS providers faced intense competition. Additionally, one of the biggest issues domestic players in nations like India and other South East Asian nations confront is a sharp rise in imports from China. For uses like textile, household, and small workplaces, units in the 10KVA or below range, based on both lead acid batteries and lithium-ion batteries, are imported from China.
- By Battery Type
The worldwide UPS battery market has been segmented into lead acid, nickel cadmium, lithium, and other battery types. Li-ion batteries are predicted to increase at a faster rate throughout the projection period due to their higher energy density, lower self-discharge rate, reduced maintenance requirements, better load characteristics, and higher stability compared to other types of batteries.
- By Organization Type
Small and medium-sized businesses (SMEs) and large businesses make up the two segments of the global UPS battery market, respectively, based on organization size. In 2019, the small and medium-sized business (SMEs) sector has the biggest market share. During the forecast period, the category of small and medium-sized businesses (SMEs) is expected to grow at the fastest rate.
- By Application
Based on application, the global UPS market has been segmented into residential, commercial, data centers, and industrial. The industrial sector is anticipated to have the biggest market share in 2019 and to grow at the fastest rate throughout the forecast period.
In 2021, GS Yuasa added two new SWL batteries for UPS applications to their lineup.
The Middle East Energy event was held from March 5–7, 2020, and FIAMM Energy Technology S.p.A. was there. The FLB and FHT ranges, both using AGM technology and appropriate for security systems, UPS, and telecommunications, were on display at the event.
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