North America UPS Battery Market Forecast 2021-2028 – ResearchAndMarkets.com
DUBLIN – (BUSINESS WIRE)–The “North America UPS Battery Market Forecast to 2028 – Impact of COVID-19 and Regional Analysis by Product Type and Application” the report was added to ResearchAndMarkets.com from offer.
The UPS battery market in North America is expected to grow from USD 150.64 million in 2020 to USD 346.06 million by 2028; it is expected to grow at a CAGR of 11.7% from 2021 to 2028.
The growing advantages of the UPS battery in data centers are expected to explode the North American UPS battery market. The increase in data-related services and the growing trend of cloud computing and virtualization have increased the demand for data centers in North America, ultimately increasing the demand for inverters. Cloud-based services must be online to provide services, increasing the need for UPS systems. North America, particularly the United States, is home to many colocation facilities and data center service providers.
In the United States, large data centers have been created in Los Angeles, San Francisco and Seattle for the west coast; New York / Virginia for the East Coast; and Dallas / Miami in the south / center and Chicago. There are 1,975 colocation data centers in North America, including 1,798 in the United States and 176 in Canada. Colocation providers are very keen on redesigning their data center UPS solutions and speeding up their IT processes to meet customer demand for rapid data delivery.
The life expectancy of a UPS in a data center is approximately 10 to 15 years. The lead acid battery works for about 3-6 years, while the lithium ion battery lasts for about 10 years or more. Because of these advantages of UPS batteries, companies are focusing heavily on the design of advanced battery systems for data centers. Thus, the increasing deployment of UPS batteries in data centers due to their advantages such as high energy efficiency, high performance and low weight is driving the growth of UPS battery market in North America.
The COVID-19 pandemic has severely affected countries in North America, particularly the United States. North America is a pioneer in terms of the development and adoption of new technologies due to favorable government policies to stimulate innovation, the presence of huge industrial bases and high purchasing power, in especially in developed countries such as the United States and Canada. Therefore, any impact on the growth of industries directly affects the economic growth of the region.
Based on product type, the North America UPS battery market is segmented into lead-acid, lithium-ion, and others; the lead-acid segment dominated the market in 2020. Lead-acid batteries offer better reliability when deployed in uninterruptible power systems. For high power applications, where weight is not a major concern, lead acid batteries are the most economical choice.
In addition to cost efficiency, high tolerance, low internal impedance, and other performance benefits make them an ideal choice for small-scale energy storage systems such as UPS systems; large-scale and grid-scale electrical systems; and sources of starting, lighting and ignition power for automobiles.
Main topics covered:
2. Key points to remember
3. Research methodology
4. North America UPS Battery Market Landscape
4.1 Market overview
4.2 Analysis of PESTs in North America
4.3 Ecosystem analysis
4.4 Expert opinion
5. North America UPS Battery Market – Key Market Dynamics
5.1 Market factors
5.1.1 Growing emphasis on Li-Ion battery
5.1.2 Growing Advantages of UPS Battery in Data Center
5.2 Market constraints
5.2.1 UPS Battery Failure Problems
5.3 Market opportunities
5.3.1 Growing UPS applications
5.4 Future trends
5.4.1 Increase digitization thanks to favorable government initiatives
5.5 Impact analysis of drivers and restraint systems
6. UPS Battery Market – North America Analysis
6.1 North America UPS Battery Market Overview
6.2 North America UPS Battery Market Revenue and Forecast to 2028 (Million US $)
7. North America UPS Battery Market – By Product Type
7.2 North America UPS Battery Market, by Product Type (2020 and 2028)
8. North America UPS Battery Market Analysis – By Application
8.2 North America UPS Battery Market, by Application (2020 and 2028)
9. North America UPS Battery Market – Country Analysis
10. Impact of the COVID-19 pandemic on the UPS battery market in North America
10.1 North America
11. Industry landscape
11.2 Market initiative
11.3 Development of new products
12. Company profiles
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
Vertiv Corporation Group
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