UPS Battery Market Research Report and Outlook by 2028

The global market for UPS batteries was valued at approximately US$ 695.6 million in 2020 and is anticipated to grow to around US$ 1,475.7 million by 2028, reflecting a compound annual growth rate (CAGR) of 10.6% from 2021 through 2028.

Batteries are essential components of uninterruptible power supply (UPS) systems, playing a vital role in ensuring their longevity and performance. Therefore, it is crucial to conduct regular maintenance on these batteries. The primary types of UPS batteries available to end users, ranging from commercial to industrial applications, include lithium-ion (Li-ion), lead-acid, and nickel-cadmium batteries. The increasing prevalence of large data centers within the corporate sector, along with the growing reliance on electrical devices such as computers and critical infrastructure, is driving the demand for UPS systems, which in turn enhances the market for UPS batteries. Furthermore, as more mission-critical facilities and industries utilize data centers, the need for UPS battery solutions that provide reliability, safety, and high performance is also on the rise. It is essential for users to equip their UPS systems with the appropriate batteries, configure them correctly, and maintain them diligently. End users may require power servers for their businesses, manage entire buildings, or protect sensitive medications that must be stored at precise temperatures. Other applications, such as grid storage, residential energy storage, and electric vehicles, are also utilizing UPS systems, which is expected to further stimulate the production and sales of UPS batteries.

The latest report from the World Health Organization (WHO) indicates that countries such as the United States, India, Brazil, Russia, the United Kingdom, France, Spain, and Italy have been significantly impacted by the COVID-19 pandemic. This outbreak has negatively affected industries worldwide, leading to a downturn in the global economy in 2020, which also influenced the first quarter of 2021. The pandemic has disrupted UPS battery businesses and supply chains on a global scale. Market participants have faced operational interruptions, and these effects are likely to persist until mid-2021. The energy and power sector is one of the most severely affected industries due to the COVID-19 pandemic, which is hindering the growth of the global UPS battery market. Factory closures, travel restrictions, trade limitations, and border lockdowns implemented to control the outbreak have adversely impacted the UPS battery market.

The overall size of the UPS battery market has been determined through a combination of primary and secondary research methods. The research process commenced with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data related to the market. This approach also aims to provide an overview and forecast of the UPS battery market across various segments and regions. Additionally, numerous primary interviews have been conducted with industry participants and experts to validate the data and gain deeper analytical insights into the subject. Participants in this research include industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the UPS battery sector. Key market players profiled during this study include 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, and Vertiv Group Corp.