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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)

Code: TIPRE00021776 | Pages: 109 | Industry: Electronics and Semiconductor | Date: Apr 2021
Covid

Market Introduction

Swift developments in technologies, initiatives from governments, digitalization of economies, and increase in disposable income of the middle-income class group are among the factors propelling the overall economic growth of the region, driving it from a developing to developed phase. Several countries in the region are introducing smart grid concept for better transmission and distribution of energy. For instance, China is one of the most potential countries deploying smart grid systems. Japan developed a new interface standard, ECHONET Lite, for implementing the policy of direct communication interface between home energy management systems and smart meters, which further requires the installation of UPS battery. Japan—through its Energy Conversation Act sanctioned in 1979 and further revised in 2010—focuses on taking efficient measures for the comprehensible use of energy by buildings and factories, among other sites. With continuous investments by hyperscale and cloud service providers, the installation of data centers in APAC is on rise. For instance, in 2019, Hong Kong and China were the leading countries in terms of data center development, followed by Australia, India, Japan, and Singapore. Apart from these countries, Thailand, Indonesia, and Malaysia also made a substantial effort for the development of data centers. The commencement of 5G in several countries, the partnerships between telecommunication providers and service providers, in creating edge data centers throughout the forecast period. The rising number of data centers in APAC countries is triggering the adoption of UPS batteries.

Furthermore, 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.

Market Overview and Dynamics

The APAC UPS battery market is expected to grow from US$ 239.71 million in 2020 to US$ 455.71 million by 2028; it is estimated to grow at a CAGR of 9.1 % from 2021 to 2028. Mounting emphasis of Li-Ion battery will accelerate the APAC UPS battery market. Presently, the Li-ion battery—which is highly used for energy storage and power supply—is being heavily adopted for various industrial applications. Several benefits of Li-ion batteries such as higher energy efficiency and extended battery life provided are leading to wider adoptions in commercial and residential applications. Use of Li-ion battery for UPS provides better operating parameters, safer chemistries, strong materials, and less stressed user environments. Li-ion batteries are extensively used across APAC region in order to introduce economical and energy-efficient battery technology. Li-ion battery is 40–60% lighter than their valve regulated lead acid (VRLA) counterparts and ~40% smaller in terms of size, which makes UPS simpler to deploy, offering flexibility in installation options. Integrating Li-ion batteries reduces the size and weight of UPS and offers long working life, which leads to fewer costly replacements. These factors benefit customers with decreases in operating expense (OPEX) and capital expenditure (CAPEX) and make Li-ion battery a captivating solution for UPS applications. Due to the cost-effectiveness of Li-ion battery, there is a swift shift from lead-acid to Li-ion technology, which is propelling the market growth. Thus, the rise in the use of Li-ion batteries is fueling the growth of the APAC UPS battery market.

Key Market Segments

In terms of product type, the lead-acid segment accounted for the largest share of APAC UPS battery market in 2020. In terms of application, the commercial segment held a larger market share of the APAC UPS battery market in 2020.   

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the APAC UPS battery market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.

Reasons to buy report

  • To understand the APAC UPS battery market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC UPS battery market
  • Efficiently plan M&A and partnership deals in APAC UPS battery market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC UPS battery market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC UPS Battery Market Segmentation

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       

APAC UPS Battery Market - Company Profiles

  • 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
  • Vertiv Group Corporation

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           APAC UPS Battery Market Landscape

4.1         Market Overview

4.2         APAC PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           APAC UPS Battery Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Mounting Emphasis of Li-Ion Battery

5.1.2        Burgeoning Advantages of UPS Battery in Data Centre

5.2         Market Restraints

5.2.1        Mechanical and Electrical Limitations

5.3         Market Opportunities

5.3.1        Escalating UPS Applications in Emerging Economies

5.4         Future Trends

5.4.1        Surging Digitalization Fueled by Government Favorable Initiatives

5.5         Impact Analysis of Drivers and Restraints

6.           UPS Battery Market – APAC Analysis

6.1         APAC UPS Battery Market Overview

6.2         APAC UPS Battery Market –Revenue and Forecast to 2028 (US$ Million)

7.           APAC UPS Battery Market – By Product Type

7.1         Overview

7.2         APAC UPS Battery Market, by Product Type (2020 and 2028)

7.3         Lead-Acid

7.3.1        Overview

7.3.2        Lead-Acid: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

7.4         Li-Ion

7.4.1        Overview

7.4.2        Li-Ion: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

7.5         Other

7.5.1        Overview

7.5.2        Other Product Type: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

8.           APAC UPS Battery Market Analysis – By Application

8.1         Overview

8.2         APAC UPS Battery Market, By Application (2020 and 2028)

8.3         Commercial

8.3.1        Overview

8.3.2        Commercial: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

8.4         Residential

8.4.1        Overview

8.4.2        Residential: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

8.5         Other

8.5.1        Overview

8.5.2        Other Application: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

9.           APAC UPS Battery Market – Country Analysis

9.1         Overview

9.1.1        APAC: UPS Battery Market, By Country

9.1.1.1          Australia: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.1.1          Australia: UPS Battery Market, by Product Type

9.1.1.1.2          Australia: UPS Battery Market, by Application

9.1.1.2          China: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.2.1          China: UPS Battery Market, by Product Type

9.1.1.2.2          China: UPS Battery Market, by Application

9.1.1.3          India: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.3.1          India: UPS Battery Market, by Product Type

9.1.1.3.2          India: UPS Battery Market, by Application

9.1.1.4          Japan: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.4.1          Japan: UPS Battery Market, by Product Type

9.1.1.4.2          Japan: UPS Battery Market, by Application

9.1.1.5          South Korea: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.5.1          South Korea: UPS Battery Market, by Product Type

9.1.1.5.2          South Korea: UPS Battery Market, by Application

9.1.1.6          Rest of APAC: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

9.1.1.6.1          Rest of APAC: UPS Battery Market, by Product Type

9.1.1.6.2          Rest of APAC: UPS Battery Market, by Application

10.        Impact of COVID-19 Pandemic on APAC UPS Battery Market

10.1      APAC

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

12.        Company Profiles

12.1      CSB Battery Co., Ltd.

12.1.1     Key Facts

12.1.2     Business Description

12.1.3     Products and Services

12.1.4     Financial Overview

12.1.5     SWOT Analysis

12.1.6     Key Developments

12.2      East Penn Manufacturing Company

12.2.1     Key Facts

12.2.2     Business Description

12.2.3     Products and Services

12.2.4     Financial Overview

12.2.5     SWOT Analysis

12.2.6     Key Developments

12.3      Eaton Corporation plc

12.3.1     Key Facts

12.3.2     Business Description

12.3.3     Products and Services

12.3.4     Financial Overview

12.3.5     SWOT Analysis

12.3.6     Key Developments

12.4      Exide Industries Limited

12.4.1     Key Facts

12.4.2     Business Description

12.4.3     Products and Services

12.4.4     Financial Overview

12.4.5     SWOT Analysis

12.4.6     Key Developments

12.5      FIAMM Energy Technology S.p.A.

12.5.1     Key Facts

12.5.2     Business Description

12.5.3     Products and Services

12.5.4     Financial Overview

12.5.5     SWOT Analysis

12.5.6     Key Developments

12.6      GS Yuasa International Ltd.

12.6.1     Key Facts

12.6.2     Business Description

12.6.3     Products and Services

12.6.4     Financial Overview

12.6.5     SWOT Analysis

12.6.6     Key Developments

12.7      leoch International Technology Limited Inc

12.7.1     Key Facts

12.7.2     Business Description

12.7.3     Products and Services

12.7.4     Financial Overview

12.7.5     SWOT Analysis

12.7.6     Key Developments

12.8      Schneider Electric SE

12.8.1     Key Facts

12.8.2     Business Description

12.8.3     Products and Services

12.8.4     Financial Overview

12.8.5     SWOT Analysis

12.8.6     Key Developments

12.9      Vertiv Group Corporation

12.9.1     Key Facts

12.9.2     Business Description

12.9.3     Products and Services

12.9.4     Financial Overview

12.9.5     SWOT Analysis

12.9.6     Key Developments

13.        Appendix

13.1      About the Insight Partners

13.2      Word Index

LIST OF TABLES

Table 1.             APAC UPS Battery Market – Revenue, and Forecast to 2028 (US$ Million)

Table 2.             Australia: UPS Battery Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Australia: UPS Battery Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 4.             China: UPS Battery Market, By Product Types – Revenue and Forecast to 2028 (US$ Million)

Table 5.             China: UPS Battery Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 6.             India: UPS Battery Market, By Product Types – Revenue and Forecast to 2028 (US$ Million)

Table 7.             India: UPS Battery Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Japan: UPS Battery Market, By Product Types – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Japan: UPS Battery Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 10.          South Korea: UPS Battery Market, By Product Type– Revenue and Forecast to 2028 (US$ Million)

Table 11.          South Korea: UPS Battery Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Rest of APAC: UPS Battery Market, By Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Rest of APAC: UPS Battery Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 14.          List of Abbreviation

LIST OF FIGURES

Figure 1.           APAC UPS Battery Market Segmentation

Figure 2.           APAC UPS Battery Market Segmentation – By Country

Figure 3.           APAC UPS Battery Market Overview

Figure 4.           Lead-acid Segment Held the Largest Market Share in 2020

Figure 5.           Commercial Held the Largest Market Share in 2020

Figure 6.           China was the Largest Revenue Contributor in 2020

Figure 7.           APAC– PEST Analysis

Figure 8.           APAC UPS Battery Market– Ecosystem Analysis

Figure 9.           Expert Opinion

Figure 10.        APAC UPS Battery Market Impact Analysis of Drivers and Restraints

Figure 11.        APAC UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 12.        APAC UPS Battery Market Revenue Share, by Product Type (2020 and 2028)

Figure 13.        APAC Lead-Acid: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 14.        APAC Li-Ion: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15.        APAC Other Product Type: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16.        APAC UPS Battery Market Revenue Share, by Application (2020 and 2028)

Figure 17.        APAC Commercial: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18.        APAC Residential: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19.        APAC Other Application: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20.        APAC: UPS Battery Market, by Key Country – Revenue (2020) (USD Million)

Figure 21.        APAC: UPS Battery Market Revenue Share, By Country (2020 and 2028)

Figure 22.        Australia: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        China: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24.        India: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25.        Japan: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26.        South Korea: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        Rest of APAC: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28.        Impact of COVID-19 Pandemic in APAC Country Markets

 

  1. CSB Battery Co., Ltd.
  2. East Penn Manufacturing Company
  3. Eaton Corporation plc
  4. Exide Industries Limited
  5. FIAMM Energy Technology S.p.A.
  6. GS Yuasa International Ltd.
  7. leoch International Technology Limited Inc
  8. Schneider Electric SE
  9. Vertiv Group Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC UPS battery market.
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the APAC UPS battery market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the UPS battery market, as well as those hindering it  
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution 

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