Dublin, May 07, 2021 (GLOBE NEWSWIRE) -- The "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)" report has been added to ResearchAndMarkets.com's offering.
The global UPS battery market was valued at US$ 695.6 million in 2020 and is projected to reach US$ 1,475.7 million by 2028; it is expected to grow at a CAGR of 10.6% from 2021 to 2028.
The battery is one of a crucial component of an uninterruptible power supply (UPS). The UPS battery is accountable for long life span and good performance of UPS. Thus, regular maintenance of battery is must. Lithium-ion (Li-ion), Lead-acid, and nickel cadium are the major types of UPS batteries available for community of end users including from the commercial to industrial sectors. With the growing number of large data centers in corporate sector, electrical appliances and gadgets such as computers, critical infrastructure, or industrial processes, the adoption of UPS is booming, which is further stimulating the scope of UPS batteries. In addition, with a rise in mission-critical facilities and industries using data center, the demand for UPS battery solution offering reliability, safety, and superior performance is also expanding. The UPS depends on getting equip with right batteries, configuring properly, and keeping them carefully. An end user may require power server for the business, run an entire building, or safeguard sensitive medications that are being stored at highly precise temperatures. Grid storage, residential grid storage, and electric vehicles are among the other applications using UPS, which are expected to fuel the production and sales cycle of UPS batteries as well.
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 has also impacted the first quarter of 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 negatively impacted the UPS battery market.
Overall size of the UPS battery market has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the UPS battery market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultant such as valuation experts, research analysts, and key opinion leaders, specializing in the UPS battery market. CSB Energy Technology Co., Ltd.; East Penn Manufacturing Company; EATON Corporation; Exide Industries Ltd.; FIAMM Energy Technology S.p.A.; GS Yuasa International Ltd.; Leoch International Technology Limited; Northstar; Schneider Electric SE; and Vertiv Group Corp are among the key market players profiled during the market study.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global UPS battery market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global UPS battery market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Key Topics Covered:
1. Introduction
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. UPS Battery Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America - PEST Analysis
4.2.2 Europe - PEST Analysis
4.2.3 Asia-Pacific - PEST Analysis
4.2.4 Middle East and Africa - PEST Analysis
4.2.5 South America - PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. UPS Battery Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Use of Li-Ion Battery in UPS Systems
5.1.2 Growing Applications of UPS Battery in Data Centers
5.2 Market Restraints
5.2.1 Risk of Failures Associated with UPS Batteries
5.3 Market Opportunities
5.3.1 Increasing Applications of UPS in Emerging Economies
5.4 Future Trends
5.4.1 Growing Digitalization Fueled by Favorable Government Initiatives
5.5 Impact Analysis Of Drivers And Restraints
6. UPS Battery Market - Global Analysis
6.1 UPS Battery Market Global Overview
6.2 UPS Battery Market - Global Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning - Five Key Players
7. UPS Battery Market - By Product Type
7.1 Overview
7.2 UPS Battery Market, by Product Type (2020 and 2028)
7.3 Lead-Acid
7.3.1 Overview
7.3.2 Lead-Acid: UPS Battery Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Li-Ion
7.4.1 Overview
7.4.2 Li-Ion: UPS Battery Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Other Product Type
7.5.1 Overview
7.5.2 Other Product Type: UPS Battery Market - Revenue and Forecast to 2028 (US$ Million)
8. UPS Battery Market Analysis - By Application
8.1 Overview
8.2 UPS Battery Market, By Application (2020 and 2028)
8.3 Commercial
8.3.1 Overview
8.3.2 Commercial: UPS Battery Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Residential
8.4.1 Overview
8.4.2 Residential: UPS Battery Market - Revenue and Forecast to 2028 (US$ Million)
8.5 Other Application
8.5.1 Overview
8.5.2 Other Application: UPS Battery Market - Revenue and Forecast to 2028 (US$ Million)
9. UPS Battery Market - Geographic Analysis
9.1 Overview
9.2 North America: UPS Battery Market
9.3 Europe: UPS Battery Market
9.4 APAC: UPS Battery Market
9.5 MEA: UPS Battery Market
9.6 SAM: UPS Battery Market
10. Impact of COVID-19 Pandemic on UPS Battery Market
10.1 Overview
10.2 North America
10.3 Europe
10.4 Asia-Pacific
10.5 Middle East and Africa
10.6 South America
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 CSB Battery Co., Ltd.
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 East Penn Manufacturing Company
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Eaton Corporation plc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Exide Industries Limited
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 FIAMM Energy Technology S.p.A.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 GS Yuasa International Ltd.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 leoch International Technology Limited Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 NorthStar Group Services, Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Schneider Electric SE
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Vertiv Group Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Word Index
For more information about this report visit https://www.researchandmarkets.com/r/mlyz52