UPS Battery Market is expected to grow at a CAGR of 10.6% by 2028 | Exide Industries, FIAMM Energy Technology S.p.A., GS Yuasa International

According to our latest market study on "UPS Battery Market Forecast to 2027 - COVID-19 Impact and Global Analysis - by Product Type (Lead-Acid, Lithium-Ion, and Other Product Types) and Application (Commercial, Residential, and Other Applications)," the 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 report highlights key factors driving the market growth and prominent players with their developments in the market.

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Companies Mentioned are: 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, Vertiv Group Corp

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 cadmium are the major types of UPS batteries available for community of end users including from commercial to industrial sector. With growing number of large data centers in corporate sector; electrical appliances, & gadgets like computers; critical infrastructure; or industrial processes, adoption of UPS is booming which is further stimulating the scope of UPS batteries. In addition to their, 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. The end user may require power server for the business; run an entire building; or safeguard sensitive medications which are being stored at highly precise temperatures.

UPS Battery Market Insights
Growing Applications of UPS Battery in Data Centers
Due to the rising data related services, there has been a huge increase in demand for data centers worldwide, 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 centers globally. As per the Energy Innovation 2020 facts, some of the largest data centers in the globe can contain several IT devices and need ~100 megawatts (MW) of power capacity, which is sufficient to power ~80,000 households in the US. In 2018, the worldwide data centers consumed ~205 terawatt-hours (TWh) or 1% of global electricity. At present, there are 4,738 colocation data centers from 127 countries.

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The global UPS Battery Market has been segmented as follows:
UPS Battery Market - by Product Type
Lead-Acid
Lithium-Ion
Other Product Types

UPS Battery Market - by Application
Commercial
Residential
Other Applications

Global UPS Battery Market by Region
North America
Europe
Asia Pacific
Middle East and Africa
South America

Moreover, key companies contributing to Fiber Laser market valuation are studied thoroughly. The study entails a list of these companies along with exhaustive information regarding their offerings, strategic decisions such as partnerships, product launches, mergers & acquisitions and SWOT analysis.

Table of Content
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research 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
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. UPS Battery Market - Key Market Dynamics
5.1 Market Drivers
5.2 Market Restraints
5.3 Market Opportunities
5.4 Future Trends
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
………Continued

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Sameer Joshi
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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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