ID: MRFR/E&P/8981-HCR | March 2021 | Region: Global | 111 pages
UPS Batteryrefers to the power backup system that provides backup power to the UPS system when there is unavailability of regular power sources. UPS batteries enable the proper functioning of computers and other related electrical equipment in a safe working condition.
The global UPS battery market size is projected to grow at~10%CAGR between 2020 and 2027.
The major factors driving the growth of the global UPS battery market is the rising adoption of modular UPS systems, growing demand for collocation facilities, and the growing demand for UPS in BFSI and IT infrastructure. Moreover, the growing demand for data centres is further fueling the growth of UPS Battery market. However, emissions from batteries and risk related to battery failure are the restraining factors for the growth of the global UPS Battery market.
Many major players such as Saft Batteries (France), Kokam Co., Ltd (South Korea), Kehua Data Co., Ltd.(China), Toshiba Corporation (Japan), Schneider Electric (France), GS Yuasa Corporation (Japan),East Penn Manufacturing (US), and CSB Energy Technology Co., Ltd. (Taiwan), among others are actively participating in the development of UPS battery. For instance, in August2020, Kokam Co., Ltd, a subsidiary of SolarEdge, launched a new battery system for uninterruptible power systems.In November 2018, Saft along with Socomec delivered a UPS having lithium-ion data batteries for Total’s HPC data centre. Such developments in the market are expected to drive the growth of the global UPS battery market during the forecast period.
The global UPS battery market has been segmented based on battery type, organization size, application, and region. Based on battery type, the global market is divided into lead acid, nickel cadmium, Li-ion, and others. The Li-ion segment is expected to hold the largestshare of the market.The Li-ionsegment is expected to grow at a faster rate during the forecast period owing to higher energy density, lower self-discharge rate, and more stability as compared to other type of batteries.Based on organization size, the global market is divided into small and medium enterprises (SMEs) and large enterprises.The small and medium enterprises segment is expected to hold the largest share of the market share. The small and medium enterprises segment is expected to grow at the fastest rate during the forecast period owing to the rapid development of SMEs across the world.SME sectors are highly dynamic sectors as SMEs help in the socio-economic development of the region. Based on application, the market is segmented into residential, commercial, data centers, and industrial. The industrialsegment is expected to hold the largest share of the market and it is anticipated to grow at a faster rate during the forecast period.
The global UPS battery market is expected to grow at ~10% CAGR during the forecast period.
The global UPS batteryindustry is expected to witness high growth during the forecast period owing tothe rising adoption of modular UPS systems, growing demand for colocation facilities, and the growing demand for UPS in BFSI and IT infrastructure. The BFSI sector comprises of insurance companies, commercial banks, non-banking financial companies, and other financial bodies. This accounts one of the largest consumers for UPS systems are essential for providing continuous and uninterrupted power supply for the proper functioning of various operations within the BFSI sector such as ATMs, financial transfers, online transactions, and data centers.Small and medium enterprises (SMEs) from an essential aspect of the economy as such enterprises grow at a tremendous rate and create numerous jobs. The growth of employment would increase the number of computers and related components, creating opportunities for more commercial space with the rise in data generation and the need for emergency power supply. This boosts the demand for UPS batteries in colocation facilities to ensure short term power back-up source.Increasing developments in data centers are the primary factors driving the growth of the UPS battery in the global market. A data center involves servers, networking systems, and storage resources, which organize, store, and process data and information. Data centers are used by an organization for carrying out their core applications. UPS are used in data centers to provide back-up power supply over a more extended period as there is a need for uninterrupted and reliable power supply for the proper networking of data centers aspower failures in data centers may disrupt operations and financial losses. Thus, UPS enhance the operations and safety of the data centers.The demand for data centers across the globe is expected to grow significantly, as many countries such as the Us, the UK, Russia, Mexico, India, and France, are focusing on the development of data centers. For instance, in January 2020, Equinix, Inc. (US) invested USD 175 million for the acquisition of three data centers in the Mexico City and Monterrey metro areas of Mexico. Additionally, in the US, the investment in stabilized data centers for industrial applications has increased from 5.5% in 2017 to 7.5 % in 2018, increasing the demand for UPS in the country. In September 2018, ServiceNow (US) announced that it would open two new data centers in Germany. Furthermore, in May 2019, Orange S.A. (France) started the construction of opening a new data center in Val-de-Reuil, France. In Saudi Arabia, in February 2018, Google (US) collaborated with Saudi Arabian Oil Co. to establish a data center. Thus, the development of data centers in several countries is expected to increase the demand for UPS for providing reliable power supply, which in turn fuels the growth for UPS battery. Such developments lead to an increase in demand for UPS battery for continuous power supply in data centers.
Based on region, the global UPS battery market is segmented into Asia-Pacific, North America, Europe, the Middle East&Africa, and South America. Asia-Pacific holds the largest UPS battery market share due to the growing demand for uninterrupted power supply and the rising development in data centers in the region.In October 2017, CYRUSONE (US) along with the partnership with GDS Holdings Limited (China) invested USD 100 million for the development of data centers in China.In July 2019, Oracle (US) opened its new data center in Seoul to meet the demand of cloud computing services in South Korea. In Japan, in April 2020, Equinix Inc. (US) formed a joint venture with GIC to set up and operate hyperscale data centers in Japan. Similarly, In November 2019, AirTrunk (Australia) invested USD 1 billion to develop data centers in the northern part of Sydney in Australia. This leads to an increased demand for UPS battery for the continuous power supply to data centers in South Korea.In addition to this, in India, in November 2020, Amazon announced to invest nearly USD 2.8 billion to set up a new AWS cloud data center.Moreover, in September 2018, Alibaba Group (China) opened its second Availability Zone in Mumbai, India. In February 2019, CtrlS Datacenters Ltd (India) planned to invest USD 278.6 million for setting up three hyper-scale data centers in India.Such developments are expected to grow the demand for UPS Battery in the region.
The key players operating in theglobal UPS battery market areCSB 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), Leoch International Technology Limited (Hong Kong), Schneider Electric (France), Vertiv (US), EnerSys (US), Active Power (US), Socomec(France), Toshiba Corporation (Japan), Kehua Data Co., Ltd.(China), Kokam Co., Ltd (South Korea), and Saft Batteries (France)
|Market Size||2027: Significant Value|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Battery Type, Organization Size, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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), Leoch International Technology Limited (Hong Kong), Schneider Electric (France), Vertiv (US), EnerSys (US), Active Power (US), Socomec (France), Toshiba Corporation (Japan), Kehua Data Co., Ltd. (China), Kokam Co., Ltd (South Korea), and Saft Batteries (France).|
|Key Market Opportunities||
|Key Market Drivers||