Report : Asia-Pacific UPS Battery Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Lead-acid, Lithium-ion, and Other) and Application (Commercial, Residential, and Other)

Lithium-ion Segment is Expected to be Fastest Growing During Forecast Period for APAC Region

According to a new market research study on “APAC UPS Battery Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type and Application” is expected to reach US$ 455.71 million by 2028 from US$ 239.71 million in 2020. The market is estimated to grow at a CAGR of 9.1 % from 2021 to 2028. The report provides trends prevailing in the APAC UPS battery market along with the drivers and restraints pertaining to the market growth. Escalating UPS applications in emerging economies and surging digitalization fueled by government favorable initiatives are the major factor driving the growth of the APAC UPS battery market. However, mechanical, and electrical limitations hinder the growth of APAC UPS battery market.

In case of COVID-19, APAC is highly affected specially India. APAC is characterized by the presence of a large number of developing countries, positive economic outlook, high industrial presence, huge population, and rising disposable income. All these factors make APAC a major growth driving region for various markets including UPS battery. The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting manufacturing, delivery schedules, and sales of various products and services. APAC is a global manufacturing hub with countries such as China, Japan, South Korea, and India leading the global manufacturing industry growth. The ongoing COVID-19 caused huge disruptions in the growth of various industries of the region. For instance, China is the global hub of manufacturing and largest raw material supplier for various industries, and it is one of the worst affected COVID-19 countries. The lockdown of various plants and factories in China is affected the global supply chains and negatively impacted manufacturing, and sales of various products and services. APAC is a crucial region in terms of manufacturing and data center growth and any disruptions may negatively impact the growth of the region. With the global outbreak, the region experienced a negative impact based on UPS battery production and sales during Q1 and Q2 2020 because a majority of the battery industry supply chain is concentrated in China. The governments of various countries of this region are taking drastic measures to reduce the effects coronavirus outbreak by announcing lockdowns, travel, and trade bans. All these measures are expected to have a negative impact on the adoption and growth of UPS battery till mid-2021.

The APAC UPS battery market is segmented into the product type, application, and country. Based on product type, the APAC UPS battery market is segmented into lead-acid, lithium-ion, and other. The lead acid segment held the largest APAC UPS battery market share in 2020 and lithium-ion battery is expected to be fastest growing during forecast period. Based on application, the APAC UPS battery market is segmented into commercial, residential, and other. The commercial segment dominated the APAC UPS battery market in 2020 and residential segment is expected to be fastest growing during forecast period.

CSB Battery Co., Ltd., East Penn Manufacturing Company, Eaton Corporation plc, Exide Industries Limited, FIAMM Energy Technology S.p.A., GS Yuasa International Ltd., leoch International Technology Limited Inc, Schneider Electric SE, and Vertiv Group Corporation are among the leading companies in the APAC UPS battery market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, Vertiv introduced the Vertiv HPL lithium-ion battery cabinet, for use with larger capacity Vertiv uninterruptible power supply (UPS) systems.     

The report segments the APAC UPS Battery Market as follows:

APAC UPS Battery Market – By Product Type

  • Lead-acid
  • Lithium-ion
  • Other

APAC UPS Battery Market – By Application

  • Commercial
  • Residential
  • Other

APAC UPS Battery Market – By Country

  • Australia
  • China
  • India  
  • Japan
  • South Korea 
  • Rest of APAC
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