The 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 2021to 2027. 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.
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Leading UPS Battery Market Players: • • • • • • • • • •
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
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.