The UPS battery market has been experiencing significant growth in recent years, driven by several factors such as increasing demand for uninterrupted power supply, rising awareness about energy efficiency, and growing dependence on electronic devices.
The growth in the UPS battery market is also attributed to the increasing adoption of cloud computing, data centers, and other critical applications that require continuous power supply. Furthermore, advancements in technology such as the integration of lithium-ion batteries, which offer higher energy density and longer lifespan than traditional lead-acid batteries, have also contributed to the growth of the UPS battery market.
The Asia-Pacific region has been the largest market for UPS batteries, followed by North America and Europe. The growth in this market is also attributed to the increasing demand for UPS batteries in emerging economies such as China and India, where the adoption of electronic devices and data centers is rapidly increasing.
Overall, the UPS battery market is expected to continue its growth trajectory in the coming years, driven by the increasing demand for reliable power supply and the adoption of energy-efficient solutions.
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.
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)
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.
