UPS Battery Market 2022, Growth Status, Top Manufacturers, Global Trends, Industry Size, Regions, Demands and Forecast 2030

UPS Battery Market Analysis:

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.

Factors Studied For Market Forecast

Drivers

• The Growing Demand for UPS in BFSI and IT Infrastructure
• The Growing Demand for data centers is further fueling the growth
• The Rising Adoption of modular UPS systems
• Growing Demand for colocation facilities

Restraints:

• Emissions from batteries and risk related to battery failure

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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)
• Socomec(France)
• Toshiba Corporation (Japan)
• Kehua Data Co.Ltd.(China)
• Kokam Co.Ltd (South Korea)
• Saft Batteries (France)

In 2019, the Li-ion segment held the largest market share: MRFR

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.

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This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging andhigh-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global UPS battery market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing andcost analysis.

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.

About:

Market Research Future® (Part of WantStats Research and Media Pvt. Ltd.) has specialized research analysts in the areas of Aerospace & Defense, Automotive, C&M, Energy & Power, F&B, Healthcare & Pharmaceutical, ICT, Industrial Equipment, Packaging Construction & Mining and Semiconductor.

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and about what action to take based on these aspects.

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