UPS Battery Market 2021: Application, Technological Advancement

Global UPS battery market to witness high growth during the forecast period

The global UPS battery market size is projected to grow at ~10% CAGR during the forecast period.

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.

In 2019, the Li-ion segment held the largest market share: MRFR

Based on battery type, the global UPS battery market has been divided into lead acid, nickel cadmium, Li-ion, and others. The Li-ion segment held the largest market share in 2019 and is expected to grow at the faster rate during the forecast period as it has higher energy density, lower self-discharge rate, low maintenance, better load characteristics, and higher stability as compared to other type of batteries. All these factors result in the Li-ion segment holding the higher share of the global market.

Based on organization size, the global UPS battery market has been divided into small and medium enterprises (SMEs) and large enterprises. The small and medium enterprises (SMEs) segment hold the largest market share in 2019.  The small and medium enterprises (SMEs) segment is expected to grow at the fastest rate during the forecast period.

The global UPS battery has been divided, based on application, into residential, commercial, data centers, and industrial. The industrial segment is expected to hold the largest market share of the global UPS battery market in 2019 and is expected to grow at the fastest rate during the forecast period, due to the growing focus on the developments of BFSI, IT Telecommunication, and Manufacturing sectors in the region.

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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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About Market Research Future:

Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.

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