The UPS Battery Market size is expected to reach US$ 1,475.7 million by 2028 & registering at a CAGR of 10.6% from 2021to 2027, according to a new research study conducted by The Insight Partners.
Growing Applications of UPS Battery in Data Centers Worldwide Driving Growth of UPS Battery Market
The report highlights key factors driving the market growth and prominent players with their developments in the market.
There has been a huge increase in demand for data centers worldwide due to the rising data related services, which is driving the demand for UPS. Further, cloud-based services require to be online to provide services, which is surging the need for UPS systems. The growing trend of cloud computing and virtualization has led to a rise in data centers globally. As per the Energy Innovation 2020 facts, some of the largest data centers across the world can comprise several IT devices and need ~100 megawatts (MW) of power capacity, which is sufficient to power ~80,000 households in the US. In 2018, worldwide data centers consumed ~205 terawatt-hours (TWh) or 1% of global electricity. At present, there are 4,738 colocation data centers across 127 countries, and growing applications of UPS batteries in data centers are driving the growth of the UPS battery market. EATON Corporation, Exide Industries Ltd., Schneider Electric SE, and GS Yuasa International Ltd. are among the key players profiled during the study of the market.
UPS Battery Market Breakdown – by Region, 2019 (%)
UPS Battery Market Size & Share Report, 2022, 2028
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UPS Battery Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Lead-Acid, Lithium-Ion, and Other Product Types) and Application (Commercial, Residential, and Other Applications)
UPS Battery Market Size & Share Report, 2022, 2028
Download Free SampleUPS Battery Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Lead-Acid, Lithium-Ion, and Other Product Types) and Application (Commercial, Residential, and Other Applications)
Impact of COVID–19 Pandemic on UPS Battery Market
According to the latest report from World Health Organization (WHO), the US, India, Brazil, Russia, the UK, France, Spain, and Italy are among the worst affected countries due to the COVID-19 outbreak. The outbreak is adversely affecting the industries across the world. Also, the global economy witnessed downturn in 2020 and it is likely to continue in 2021. The pandemic has disturbed UPS battery businesses and supplies globally. Market players experienced disruptions in their operations, and it is likely to have consequences till mid-2021. The global energy & power industry is one of the major industries that are suffering serious disruptions due to COVID-19 pandemic that is hindering the growth of the global UPS battery market. Factory shutdowns, travel bans, trade bans, and border lockdowns to combat and contain the outbreak have impacted the UPS battery market.
The global UPS Battery Market has been segmented as follows:
UPS Battery Market – by Product Type
- Lead-Acid
- Lithium-Ion
- Other Product Types
UPS Battery Market – by Application
- Commercial
- Residential
- Other Applications
UPS Battery Market – by Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
- South America (SAM)
- Brazil
- Argentina
- Rest of SAM
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