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UPS battery market anticipated to develop at 10% CAGR by 2027 | Market – GlobeNewswire

Pune, April 07, 2021 (GLOBE NEWSWIRE) – Market overview for UPS batteries

The global UPS battery market is expected to grow at an annual growth rate of 10% over the forecast period (2020-2027), according to the latest report Market Research Future (MRFR). UPS batteries, in simple terms, are used to provide power to UPS systems to keep personal computers and other associated electrical equipment working properly in safe working conditions. Because of its seductive functions and numerous advantages, the UPS battery is widely used in data centers, industry, commercial and residential areas.

Alluring features that fuel market growth

According to the MRFR report, there are numerous factors driving UPS battery market share. Some of these include the increasing acceptance of modular UPS systems, the increasing need for colocation facilities, the increasing acceptance of UPS in IT infrastructure and BFSI, the increasing demand for data centers, the increased use of Internet services, the improvement in communication, the increasing use of online banking transactions, digitization of services and cloud computing, increase in green telecommunication towers and an increasing number of networked devices. Other factors driving market growth include rapid urbanization, a growing IT market, and increasing awareness of the benefits of using UPS such as: B. the storage of data on the servers and the damage limitation of the various components and devices.

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In contrast, high installation costs, expensive maintenance related to the UPS, frequent battery changes, risks related to battery failure, emissions from batteries, and frequent updating of technology and components due to the rapid growth of high performance equipment can limit the global UPS battery market over the forecast period.

COVID-19 analysis

The ongoing COVID-19 pandemic has cast its shadow over almost every industry, and the UPS battery market is no different. The negative effects were mainly seen in the single-phase UPS products. On the other hand, corporate UPS battery demand has not gone away, but has been delayed. Colocation and cloud service providers are experiencing increased demand for their services and are accelerating data center provisioning wherever possible. The opportunities for transformative technologies like edge computing are increasing as businesses shift to support contactless services and remote working. Demand for UPS hardware will be negatively impacted on the one hand in government sectors, retail, transportation and energy due to demand and supply gaps and logistical issues, on the other hand the demand for colocation and cloud is likely to increase in 2021. Despite the poor outlook, the market is likely to gain momentum in 2021.

Market segmentation

The MRFR report sheds light on a comprehensive analysis of the UPS battery market based on application, company size, and battery type.

By Battery Type, the global UPS Battery Market is segmented into Lithium, Nickel-Cadmium, Lead-Acid, and others. Of these, the Li-On segment will lead the market for lower self-discharge, higher energy density and more stability compared to other types of batteries in the forecast period.

Based on company size, the global USP Batteries market is segmented into Large Businesses and Small and Medium Enterprises (SMB). Of these, the SMEs will dominate the market worldwide in the forecast period due to their rapid development. SME sectors are very dynamic as they contribute to the socio-economic development of the region.

By application, the global UPS battery market is segmented into industrial, data center, commercial, and residential. Of these, the industrial segment will lead the market in the forecast period and with a high CAGR.

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Regional take-away food

APAC is set to lead the UPS battery market

Geographically, the global UPS battery market is divided into Europe, the Asia-Pacific region (APAC), North America, the Middle East and Africa (MEA) and South America. Among these, the APAC region will lead the market in the forecast period. The increasing acceptance of modular UPS systems, the increasing need for colocation facilities, the increasing need for UPS in IT infrastructure and BFSI, the increasing use of UPS in power, wind, railway and other sectors as well as a large number of industry booms in emerging countries such as Japan, India and China. In addition, the growing importance of UPS systems in various data centers, the increasing demand for intelligent meters and fully automated networks and the increasing demand for active meters and fully automated networks also contribute to market growth. South Korea has the largest market share for the increased demand for such batteries for the permanent power supply of data centers.

North America holds the second largest share of the UPS battery market

In North America, the global UPS battery market is expected to hold the second largest share in the forecast period. The growing demand for UPS deliveries from various industries such as insurance, financial services and healthcare is contributing to the growth of the segment.

Europe will see healthy growth in the UPS battery market

In Europe, healthy growth is forecast for the global UPS battery market during the forecast period, as key industry players, technological advances and the increasing acceptance of UPS batteries are represented in various industries.

In the Middle East, Africa and South America, the global UPS battery market is expected to grow steadily over the forecast period.

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Key characters

The list of notable players featured in the global UPS Batteries Market report includes.

Saft Batteries (France) Kokam Co., Ltd (South Korea) Kehua Data Co., Ltd. (China) Toshiba Corporation (Japan) Socomec (France) Active Power (USA) EnerSys (USA) Vertiv (USA) Schneider Electric (France) Leoch International Technology Limited (Hong Kong) GS Yuasa Corporation (Japan) FIAMM Energy Technology SpA (Italy) Exide Industries Ltd. (India) Eaton (Ireland) East Penn Manufacturing (USA) and CSB Energy Technology Co., Ltd. (Taiwan) among others.

The global UPS battery market is fragmented and highly competitive as there are many international and domestic industry players. They encompass several strategies to stay on top and also meet the growing needs of valued customers such as: B. Cooperations, contracts, partnerships, joint ventures and others. In addition, they invest in research and development activities in order to strengthen their portfolio and assert themselves in the market.

Industry updates

March 2021 – The latest battery backup system BLUETTI EP500 has a large battery capacity that can keep the house running for three days. This UPS battery can provide power for three days and enables the use of essential devices such as mobile devices, refrigerators, and more.

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