The UPS battery market size is projected to reach US$ 2163.87 million by 2031 from US$ 922.52 million in 2023. The market is expected to register a CAGR of 11.2% during 2023–2031. The rise in power outage cases and the growing residential and commercial sector are likely to remain key trends in the market.
The growing construction of large data centers in the corporate and industrial sectors generates the demand for UPS systems, which further drives the UPS battery market. The need for continuous power supply for mission-critical electronics, facilities, gadgets, critical infrastructure, and others drives the market growth further. The rise in power outage cases across the globe further demands UPS solutions, which further propels UPS battery market growth.
An uninterruptible power supply (UPS) battery or UPS power source is a type of power system that acts as electric power storage or backup during power failures or power outage issues. It is commonly used to protect hardware such as data centers, computers, telecommunication equipment or other electrical equipment where an unanticipated power disruption could cause injuries, fatalities, serious business disruption or data loss. The rise in data centers and the industrial sector is driving the market growth of UPS batteries.
The UPS solution is a crucial system for mission-critical data center infrastructures. The presence of a UPS system delivers consistent and efficient power in the data centers. It supports the large data center when the primary power source goes down. The users need higher levels of uptime. This factor generates the need for increased power for the efficient working of the data center. UPS systems in the data center deliver the accurate amount of power within milliseconds of power loss. Thus, the growing data center market fosters the UPS battery market growth.
The major end-users of the UPS battery market include commercial, residential, and industrial sectors. Food & beverage, pharmaceutical, power generation plants, and aerospace are some of the crucial industries surrounded by possibilities of power failures and very high ambient temperatures. Owing to the fact that UPS batteries are a key component of the UPS; It is accountable for good performance and long-lite span of UPS. In addition to their use, data centers, corporates, domestic appliances, and electrical gadgets are other applications of UPS. With the growing penetration of UPS, the scope of UPS batteries will be enhanced.
Key segments that contributed to the derivation of the UPS battery market analysis are the product type and application.
The geographic scope of the UPS battery market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific region held the largest share of the market in 2023. The rise in the construction of data centers generates the demand for uninterrupted demand for power supply, which drives the UPS battery market growth in the region. The government authorities providing subsidies and the rise in investment of market players for the building hyperscale data centers further drive the market. The rise in the residential sector is driving market growth.
The regional trends and factors influencing the UPS Battery Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses UPS Battery Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 922.52 Million |
| Market Size by 2031 | US$ 2163.87 Million |
| Global CAGR (2023 - 2031) | 11.2% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The UPS Battery Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the UPS Battery Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The UPS battery market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the UPS battery market are listed below:
The “UPS Battery Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The estimated value of the UPS battery market will be US$ 2163.87 million by 2031.
CSB Battery Co., Ltd.; East Penn Manufacturing Company; Eaton Corporation plc; Exide Industries Limited; FIAMM Energy Technology SpA; GS Yuasa International Ltd.; leoch International Technology Limited Inc.; NorthStar Group Services; Inc.; Schneider Electric SE; and Vertiv Group Corporation are some of the key players operating in the UPS battery market.
The rise in power outage cases and the growing residential and commercial sector are the key driving factors impacting the UPS battery market.
Growing automation is a key trend in the UPS battery market.
The global UPS battery market is estimated to register a CAGR of 11.2% during the forecast period 2023–2031.