Lead-acid Segment to Dominate North America UPS Battery Market during 2020–2028

According to a new market research study on “North America UPS Battery Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Product Type and Application” is expected to reach US$ 346.06 million by 2028 from US$ 150.64 million in 2020. The market is estimated to grow at a CAGR of 11.7 % from 2021 to 2028. The report provides trends prevailing in the North America UPS battery market along with the drivers and restraints pertaining to the market growth. Growing emphasis of li-Ion battery and rising advantages of UPS battery in data center are the major factor driving the growth of the North America UPS battery market. However, issues regarding failure associated with UPS batteries hinder the growth of North America UPS battery market.

In case of COVID-19, North America is highly affected specially the US. North America is one of the most important regions for the adoption and growth of new technologies due to favorable government policies to boost innovation, presence of huge industrial base, and high purchasing power especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the economic growth of the region in a negative manner. The US is a home to a large number of manufacturing and technology companies and thus the impact of coronavirus outbreak is anticipated to be highest on country’s economy. The ongoing crisis and situation in the US are going to impact the UPS battery market growth in a negative manner, with US being one of the important markets for UPS battery growth. Due to disruptions to IT operations in the data centers during global pandemic and strict travel restrictions, IT field engineers faced challenges such as being denied access to critical facilities. The disruption in data centers impacted negatively on UPS battery market growth since UPS batteries have hugely adopted in data centers across the world. Hence, the ongoing COVID-19 crisis and critical situation in the US is going to impact the UPS battery market growth of North America in a negative manner for the next few quarters.

The North America UPS battery market is segmented into the product type, application, and country. Based on product type, the North America UPS battery market is segmented into lead-acid, lithium-ion, and other. The lead acid segment held the largest North America UPS battery market share in 2020 and lithium-ion battery is expected to be fastest growing during forecast period. Based on application, the North America UPS battery market is segmented into commercial, residential, and other. The commercial segment dominated the North America 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, NorthStar Group Services, Inc., Schneider Electric SE, and Vertiv Group Corporation are among the leading companies in the North America 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 2020, Schneider Electric declared New Short-depth Smart-UPS with Lithium-ion, Bringing Critical Power to Europe's IoT and Edge Computing Markets.  

The report segments the North America UPS Battery Market as follows:

North America UPS Battery Market – By Product Type

• Lead-acid
• Lithium-ion
• Other

North America UPS Battery Market – By Application

• Commercial
• Residential
• Other

North America UPS Battery Market – By Country

• US
• Canada
• Mexico