Europe UPS Battery Market Share and Forecast by 2028
Historic Data: 2018-2019 | Base Year: 2020 | Forecast Period: 2021-2028Europe UPS Battery Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Lead-acid, Lithium-ion, and Other) and Application (Commercial, Residential, and Other)
- Report Date : Apr 2021
- Report Code : TIPRE00021775
- Category : Energy and Power
- Status : Published
- Available Report Formats :
- No. of Pages : 112
The Europe UPS battery market is expected to grow from US$ 180.38 million in 2020 to US$ 385.17 million by 2028; it is estimated to grow at a CAGR of 10.7 % from 2021 to 2028.
The UK, Germany, France, Italy, and Russia are major economies in Europe. Escalating advantages of UPS Battery in data center is expected to accelerate the Europe UPS battery market. Due to the rising data related services, there has been a huge increase in demand for data centers across Europe, which is driving the demand for UPS. 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 Centre. Europe is one of the developed regions, and thus, it has a broad selection of colocation facilities and data center service providers. The rising colocation providers across the Europe are highly inclined toward remodeling their data center UPS solutions and speeding up their IT processes to meet the customer demand for rapid data delivery; thus, propelling the demand for data center UPS solutions. The life expectancy of a UPS in a data center is ~10–15 years. Lead-acid battery works for ~3–6 years, while lithium-ion battery lasts ~10 years or longer. Due to such advantages of UPS battery, companies are highly focused on designing advanced battery systems for data centers. In February 2020, Schneider Electric declared the availability of 230 V models of its APC Smart-UPS Li-ion battery for Europe-based markets. It is a cost-effective solution for computing applications and other deployments inside and outside purpose-built IT environments. Its APC Smart-UPS Li-ion battery is suitable for applications where large space is needed. It can be effortlessly deployed into IT systems such as data centers and hyper-converged infrastructure. Thus, the growing deployment of UPS battery for data centers, owing to its numerous advantages such as high energy efficiency, high performance, and lightweight, is compelling the Europe UPS battery market growth.
Further, in case of COVID-19, Russia, UK, France, Italy, Spain, and Germany are some of the worst affected member states in the European region. Businesses in the region face severe economic difficulties as they had to suspend their operations or substantially reduce their activities. Due to business lockdowns, travel bans, and supply chain disruptions, the region experienced an economic slowdown in 2020 and, most likely, in 2021. The member states of Europe, such as Italy, Spain, and Germany, have implemented drastic measures and travel restrictions to limit the spread of coronavirus among its citizens. European countries represent a major market for UPS battery adoption due to the rising cloud services. Governments and businesses in the region have taken actions to limit the spread of COVID-19, such as quarantines, restrictions on travel, and restrictions that prohibit employees from going to work. The pandemic has impacted UPS battery provider’s sales channels, supply chain, manufacturing operations, workforce, and other key aspects. Due to COVID-19, the commercial and industrial sectors also witnessed a slowdown as the European battery manufacturers rely on China-based suppliers for providing raw material. Also, other related components that has seen a sharp decline in European countries is expected to be under stress till mid-2021 and it will require time to stabilize. All these factors are expected to have a direct impact on UPS battery market growth in European countries.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe UPS battery market. The Europe UPS battery market is expected to grow at a good CAGR during the forecast period.
- This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.
Europe UPS Battery Market Segmentation
Europe UPS Battery Market – By Product Type
- Lead-acid
- Lithium-ion
- Other
Europe UPS Battery Market – By Application
- Commercial
- Residential
- Other
Europe UPS Battery Market, by Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe UPS Battery Market -Companies Mentioned
- CSB Battery Co., Ltd.
- Eaton Corporation plc
- Exide Industries Limited
- FIAMM Energy Technology S.p.A.
- GS Yuasa International Ltd.
- leoch International Technology Limited Inc
- Schneider Electric SE
- Vertiv Group Corporation
Europe UPS Battery Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 180.38 Million |
| Market Size by 2028 | US$ 385.17 Million |
| Global CAGR (2021 - 2028) | 10.7 % |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
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- CSB Battery Co., Ltd.
- Eaton Corporation plc
- Exide Industries Limited
- FIAMM Energy Technology S.p.A.
- GS Yuasa International Ltd.
- leoch International Technology Limited Inc
- Schneider Electric SE
- Vertiv Group Corporation
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