What is UPS Battery Market?
UPS (Uninterruptible power supply) batteries provide battery backup in case of electrical power failure. Apart from acting as a backup, most UPS batteries serve the purpose of conditioners as well to ensure safe operations of computers and related electrical equipment. Increasing number of data centers constructions, and growing adoption of UPS in mission critical applications are supplementing the very market growth. These backup providers come up in different sizes ranging from power supply capacity for few minutes to few hours. Growing need to manufacturers robust UPS battery system provides great opportunity for service providers to capitalized in the market.
The market study is being classified by Type (VRLA Batteries/Sealed Maintenance Free Batteries, Flooded/Vented Lead Acid Batteries and Nickel Cadmium Batteries) and major geographies with country level break-up.
GS Yuasa [Japan], Excide Technologies [United States], NorthStar [Sweden], Panasonic Battery [United States], CSB Battery [Taiwan], EnerSys [United States], Fiamm [Italy], East Penn Manufacturing [United States], Brookfield Business Partners L.P [Bermuda], Eaton Corporation [Ireland], Leoch Battery [United States] and Exide Technologies [United States] are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Amara Raja [India], Hbl Power Systems [India], EverExceed [China], Midac Power [Italy] and Coslight India Telecom Private Limited [India].
Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global UPS Battery market throughout the predicted period.
Analyst at AMA have segmented the market study of Global UPS Battery market by Type, Application and Region.
On the basis of geography, the market of UPS Battery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Number of Data Center Construction
- Growing Deployment of UPS Batteries in Mission Critical Industrial Applications
- Increasing Lithium-ion UPS Batteries Applications
- Growing Use of UPS Batteries in Industries or Applications Where Protection of Computer Networks or Controls are Needed
- Risk of Failure Associated with UPS Batteries
- Problems Faced by UPS Batteries Manufactures Such as Shortage of Raw Materials and Skilled Workforce
- Growing Digitalization Across Countries Fueled by Government Favorable Initiatives
- Constant Power Shortage and Deployment for Solar Power as Effective Energy Management System
- Growing UPS Applications in Households
- Issues Related with Maintenance of Lead-acid Batteries
Market Leaders and some development strategies
Analyst Comment"Automotive original equipment manufacturers (OEMs) are betting big on electrical vehicles with huge investment in their pipelines await. Ford plans to invest USD 11 billion by 2022, Volkswagen plans to spend USD 40 billion by 2030 along with Chinese manufacturers who are doubling their investment. Such huge investment offers lucrative opportunity for manufactures to capitalize in global UPS Battery market."
Key Target AudienceUPS Batteries Manufacturers, End-Users Industries, Potential Investors, Government Agencies, Market Research and Consulting Firms, Research Institutes, Distributors/Suppliers and Others