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In 2022, the UPS Battery Market Size was estimated to be worth USD 0.8 billion. According to projections, the UPS Battery market business will increase from USD 0.89 billion in 2023 to USD 2.4 billion by 2030, with a compound annual growth rate (CAGR) of 12.00% during the course of the study (2023– 2030). The primary market factors fueling the market expansion of UPS are the quickly developing cloud computing technologies or the constant need on network services for assuring business continuity.
The CAGR for the UPS battery market is being driven by rising automation and digitalization. The usage of UPS batteries verifies that electronic equipment, including computers and other gadgets, continues to function safely. The main drivers propelling the UPS battery market expansion globally are the rising use of modular UPS systems, the rising demand for colocation facilities, and the expanding demand for UPS in IT infrastructure and BFSI. Furthermore, the business is progressing due to the rising demand for data centres. Additionally, as data centre technology improves, the UPS industry grows. A data centre is made up of computers, networking systems, and storage resources, and it organises, stores, and processes data and information. The critical applications of an organisation are hosted in data centres. Since data centres need an uninterrupted and steady power supply for proper networking and power failures there might disrupt operations and result in losses, UPSs are employed in data centres to provide backup power for a longer length of time.
Despite being a dependable and highly responsive technology that ensures a prompt power supply, the installation cost for UPS systems is a significant problem. For instance, from 628 the year before to 858 in 2021, there were private venture and equity capital dealers in startups in India. Additionally, large-scale corporate facilities cost thousands of dollars only for the machinery. Additionally, these large installations require infrastructure configuration, which can dramatically raise the overall setup cost. Because of this, it is expensive and out of the reach of the average person, which hinders the market's expansion. Due to global trade bans, factory closures, and border closures, the outbreak had an impact on supply chains and corporate income. However, the future demand for UPS and UPS batteries is anticipated to increase favourably and gradually in the upcoming years due to the opening of numerous markets globally, the development of vaccines, and actions taken by numerous governments to support economic & industrial growth. driving the UPS Battery market's revenue in the process.
Lead Acid, Nickel Cadmium, Li-ion, and Other batteries are included in the market segmentation for UPS batteries based on battery type. The market was dominated by the li-ion category, which generated the most revenue. This is explained by the fact that these batteries have a larger energy density, a lower self-discharge rate, and greater stability. Small and medium-sized businesses (SMEs) and large corporations are included in the segmentation of the UPS Battery market based on organisation size. The category of small and medium-sized businesses (SMEs) produced the highest revenue. This is linked to the swift global modernization of small and medium-sized businesses. Small and medium-sized business sectors are quite active since they support the socioeconomic growth of the area. Additionally, during the course of the forecast, significant businesses have been actively involved in boosting this sector.
Report Coverage
Global UPS Battery research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global UPS Battery report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and UPS Battery competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key UPS Battery market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global UPS Battery market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, UPS Battery market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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), Active Power (US), Socomec (France), Toshiba Corporation (Japan), Kehua Data Co., Ltd. (China), Kokam Co., Ltd (South Korea), and Saft Batteries (France).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global UPS Battery market based on the below-mentioned segments:
Global UPS Battery Market, By Type
Lead Acid
Nickel Cadmium
Li-ion
Others
Global UPS Battery market, By Application
Residential
Commercial
Data Centers
Industrial
Global UPS Battery market, Regional Analysis
The CAGR for the UPS battery market is being driven by rising automation and digitalization. The usage of UPS batteries verifies that electronic equipment, including computers and other gadgets, continues to function safely. The main drivers propelling the UPS battery market expansion globally are the rising use of modular UPS systems, the rising demand for colocation facilities, and the expanding demand for UPS in IT infrastructure and BFSI. Furthermore, the business is progressing due to the rising demand for data centres. Additionally, as data centre technology improves, the UPS industry grows. A data centre is made up of computers, networking systems, and storage resources, and it organises, stores, and processes data and information. The critical applications of an organisation are hosted in data centres. Since data centres need an uninterrupted and steady power supply for proper networking and power failures there might disrupt operations and result in losses, UPSs are employed in data centres to provide backup power for a longer length of time.
Despite being a dependable and highly responsive technology that ensures a prompt power supply, the installation cost for UPS systems is a significant problem. For instance, from 628 the year before to 858 in 2021, there were private venture and equity capital dealers in startups in India. Additionally, large-scale corporate facilities cost thousands of dollars only for the machinery. Additionally, these large installations require infrastructure configuration, which can dramatically raise the overall setup cost. Because of this, it is expensive and out of the reach of the average person, which hinders the market's expansion. Due to global trade bans, factory closures, and border closures, the outbreak had an impact on supply chains and corporate income. However, the future demand for UPS and UPS batteries is anticipated to increase favourably and gradually in the upcoming years due to the opening of numerous markets globally, the development of vaccines, and actions taken by numerous governments to support economic & industrial growth. driving the UPS Battery market's revenue in the process.
Lead Acid, Nickel Cadmium, Li-ion, and Other batteries are included in the market segmentation for UPS batteries based on battery type. The market was dominated by the li-ion category, which generated the most revenue. This is explained by the fact that these batteries have a larger energy density, a lower self-discharge rate, and greater stability. Small and medium-sized businesses (SMEs) and large corporations are included in the segmentation of the UPS Battery market based on organisation size. The category of small and medium-sized businesses (SMEs) produced the highest revenue. This is linked to the swift global modernization of small and medium-sized businesses. Small and medium-sized business sectors are quite active since they support the socioeconomic growth of the area. Additionally, during the course of the forecast, significant businesses have been actively involved in boosting this sector.
Report Coverage
Global UPS Battery research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global UPS Battery report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and UPS Battery competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key UPS Battery market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| 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), Active Power (US), Socomec (France), Toshiba Corporation (Japan), Kehua Data Co., Ltd. (China), Kokam Co., Ltd (South Korea), and Saft Batteries (France). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of UPS Battery Market from 2021 to 2030.
- Market Forecast for UPS Battery Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, UPS Battery competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on UPS Battery
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global UPS Battery market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, UPS Battery market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
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), Active Power (US), Socomec (France), Toshiba Corporation (Japan), Kehua Data Co., Ltd. (China), Kokam Co., Ltd (South Korea), and Saft Batteries (France).
Primary Target Market
- Market Players of UPS Battery
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global UPS Battery market based on the below-mentioned segments:
Global UPS Battery Market, By Type
Lead Acid
Nickel Cadmium
Li-ion
Others
Global UPS Battery market, By Application
Residential
Commercial
Data Centers
Industrial
Global UPS Battery market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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