Market Highlights
Global Market for UPS Battery is expected to grow at 10% CAGR during the forecast period, 2020–2026. UPS batteries are used to provide the power backup power to the UPS system to ensure the proper functioning of computers and other related electrical equipment in a safe working condition.
Industry News
In April2019, Vertiv introduced the HPL lithium-ion battery cabinet for larger capacity uninterruptible power supply (UPS) systems.
In March 2019, Eaton launchedthenew5P rackmount lithium-ion battery technology. This product development extended the battery life and allow remote management capabilities for IT and edge computing environments.
The global UPS Battery Market for Data Center Industry has been segmented into five regions, namely, Asia-Pacific, the Middle East & Africa, Europe, North America, and South America. Asia-Pacific is expected to hold the largest share of the market during the forecast period. The rising adoption of modular UPS systems, growing demand for colocation facilities, and the growing demand for UPS in BFSI and IT infrastructure drive the growth of the UPS battery market in the region. In October 2017, CYRUSONE (US) along with the partnership with GDS Holdings Limited (China) invested USD 100 million for the development of data centers in China. In July 2019, Oracle (US) opened its new data center in Seoul to meet the demand of cloud computing services in South Korea. Similarly, In November 2019, AirTrunk (Australia) invested USD 1 billion to develop data centers in the northern part of Sydney in Australia. This leads to an increased demand for UPS battery for the continuous power supply to data centers in South Korea. Such factors are expected to drive the growth of the UPS battery market in the Asia-Pacific region during the forecast period.
The global UPS battery market has been segmented based on battery type, organization size, and application. Based on battery type, the global market is divided into lead acid, nickel cadmium, Li-ion, and others. The Li-ion segment is expected to hold the larger share of the market and grow at the fastest rate during the forecast period. Based on organization size, the global market is divided into small and medium enterprises (SMEs) and large enterprises. The small and medium enterprises (SMEs) segment is expected to grow at the fastest rate during the forecast period. Based on application, the market is segmented into residential, commercial, data centers, and industrial. The industrial segment is expected to hold the largest share of the market and it is anticipated to grow at a faster rate during the forecast period.
The key players operating in the global UPS battery areEast Penn Manufacturing (US), Vertiv (US), CSB Energy Technology Co., Ltd. (Taiwan), EnerSys (US), Socomec (France), Eaton (Ireland), GS Yuasa Corporation (Japan), Schneider Electric (France), Active Power (US), Toshiba Corporation (Japan), FIAMM Energy Technology S.p.A. (Italy), Saft Batteries (France), Leoch International Technology Limited (Hong Kong), Kehua Data Co., Ltd. (China), Kokam Co., Ltd (South Korea), and Exide Industries Ltd. (India).
This research report provides insights into various levels of analysis, such as industry analysis and market share analysis for the leading industry competitors, along with their profiles. It also helps in studying the target segments by providing views on the emerging andhigh-growth segments. The market data comprises the basic assessment of the competitive scenarios and strategies in the global UPS battery market, including high-growth regions and/or countries, and political and economic environments. The project report further provides both – historical market values and pricing andcost analysis.
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