UPS Battery Market Overview

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.

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.

The usage of UPS is booming. This is further fueling the market for UPS batteries. Consequently, there are an increasing number of large data centers in the corporate sector, electrical appliances, and gadgets like computers, vital infrastructure, or industrial processes. Additionally, as more mission-critical buildings and industries use data centers, there is an increasing demand for UPS battery solutions that offer dependability, safety, and excellent performance.

Read More @ https://www.marketresearchfuture.com/reports/ups-battery-market-10461

The growth rate of the UPS battery market in 2020 has been impacted, and it is anticipated that this will continue for the next few quarters due to unfavorable growth conditions around the world as well as disruptions in the supply chain and manufacturing facilities caused by the ongoing COVID-19 outbreak. Due to plant closures, closed borders, and trade restrictions everywhere in the world, the outbreak has impacted global supply chains and corporate income.

Regional Analysis

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.

Market Segment

●     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.

Industry News

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.

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)