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Europe 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: TIPRE00021775 | Pages: 112 | Industry: Electronics and Semiconductor | Date: Apr 2021
Covid

Market Introduction

The UPS batteries ensure maximum output in harsh environments. The data center power in Europe is constantly witnessing resilient growth with the development of multiple large data center facilities with power capacities of 50 MW and an increase in power infrastructure spending. In 2019, the government across the region is investing hugely and announced more than 140 power projects, out of which few of the projects are operational by June 2020 and another project got postponed due to COVID-19 impact. The implementation of General Data Protection Regulation (GDPR), a data protection and privacy policy in the EU, has led to increase in investments in data centers, thus supporting the growth of the UPS battery market in the region. Similarly, automotive is a crucial industry the EU as it significantly contributes to the country’s GDP. Several EU countries are leading producers of motor vehicles, and many premium automotive manufacturers are based in the region. Furthermore, the automotive sector of the region represents the largest private investor in R&D, and it also receives support from governments in the form of R&D funding. The vehicle manufacturing industry produces ~19.2 million vehicles per year, including cars, vans, buses, and trucks. Moreover, ~300 vehicle assembly and manufacturing facilities are located in ~26 countries in Europe. Therefore, the surging installation of efficient and reliable UPS batteries across various industries are bolstering the UPS battery market growth in the region. 

Furthermore, in case of COVID-19, Russia, UK, France, Italy, Spain, and Germany are some of the worst affected member states in the European region. Businesses in the region face severe economic difficulties as they had to suspend their operations or substantially reduce their activities. Due to business lockdowns, travel bans, and supply chain disruptions, the region experienced an economic slowdown in 2020 and, most likely, in 2021. The member states of Europe, such as Italy, Spain, and Germany, have implemented drastic measures and travel restrictions to limit the spread of coronavirus among its citizens. European countries represent a major market for UPS battery adoption due to the rising cloud services. Governments and businesses in the region have taken actions to limit the spread of COVID-19, such as quarantines, restrictions on travel, and restrictions that prohibit employees from going to work. The pandemic has impacted UPS battery provider’s sales channels, supply chain, manufacturing operations, workforce, and other key aspects. Due to COVID-19, the commercial and industrial sectors also witnessed a slowdown as the European battery manufacturers rely on China-based suppliers for providing raw material. Also, other related components that has seen a sharp decline in European countries is expected to be under stress till mid-2021 and it will require time to stabilize. All these factors are expected to have a direct impact on UPS battery market growth in European countries.

Market Overview and Dynamics

The Europe UPS battery market is expected to grow from US$ 180.38 million in 2020 to US$ 385.17 million by 2028; it is estimated to grow at a CAGR of 10.7 % from 2021 to 2028. Rising digitalization fueled by government favorable initiatives will escalate the Europe UPS battery market. The growing consumption of power with rising automation and digitization is demanding UPS for several business operations. Government across the Europe are implementing initiative to computerize and digitize offices and departments, for which seamless supply of energy is needed. The government initiatives have generated massive demand for security hardware such as storage and closed-circuit television cameras. Residential security is the next growth destination in various countries thus, due to this, the growth in the use of UPS systems in residential applications are mounting since homeowners want to protect their sensitive electronic equipment from power outages. Broadcast stations is one of the major applications for UPS systems. As several cable stations broadcast digitally, they must protect the power to broadcast and the sensitive digital broadcasting equipment. Rising investments in the industrial sector and increasing government initiatives are likely to spur the demand for UPS systems in Europe. Besides, growth of digital networks, particularly in government services, would accelerate the development of UPS systems. Moreover, other major initiatives such as the requirement of clean power across verticals, numerous infrastructure projects, the growth of surveillance needs, and digitalization of electronic gadgets at homes are likely to boost the demand for UPS across the Europe. The development of the Europe UPS battery market is primarily guided by the government initiatives for digitalization, and it is projected that more government projects together with economic growth, infrastructure projects, and surveillance needs will surge the market growth in near future.

Key Market Segments

In terms of product type, the lead-acid segment accounted for the largest share of Europe UPS battery market in 2020. In terms of application, the commercial segment held a larger market share of the Europe 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 Europe 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., 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 Europe 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 Europe UPS battery market
  • Efficiently plan M&A and partnership deals in Europe 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 Europe UPS battery market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe UPS Battery Market Segmentation

Europe UPS Battery Market - By Product Type

  • Lead-acid
  • Lithium-ion
  • Other

Europe UPS Battery Market - By Application

  • Commercial
  • Residential
  • Other

Europe UPS Battery Market - By Country

  • Germany
  • France
  • Italy
  • UK
  • Russia
  • Rest of Europe   

Europe UPS Battery Market - Company Profiles

  • CSB Battery Co., Ltd.
  • 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.           Europe UPS Battery Market Landscape

4.1         Market Overview

4.2         Europe PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           Europe UPS Battery Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Increasing Emphasis of Li-Ion Battery

5.1.2        Escalating Advantages of UPS Battery in Data Centre

5.2         Market Restraints

5.2.1        Problem Associated with UPS Batteries Failure

5.3         Market Opportunities

5.3.1        Mounting UPS Applications

5.4         Future Trends

5.4.1        Rising Digitalization Fueled by Government Favorable Initiatives

5.5         Impact Analysis of Drivers and Restraints

6.           UPS Battery Market – Europe Analysis

6.1         Europe UPS Battery Market Overview

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

7.           Europe UPS Battery Market – By Product Type

7.1         Overview

7.2         Europe 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.           Europe UPS Battery Market Analysis – By Application

8.1         Overview

8.2         Europe 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.           Europe UPS Battery Market – Country Analysis

9.1         Overview

9.1.1        Europe: UPS Battery Market, By Country

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

9.1.1.1.1          Germany: UPS Battery Market, by Product Type

9.1.1.1.2          Germany: UPS Battery Market, by Application

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

9.1.1.2.1          France: UPS Battery Market, by Product Type

9.1.1.2.2          France: UPS Battery Market, by Application

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

9.1.1.3.1          Russia: UPS Battery Market, by Product Type

9.1.1.3.2          Russia: UPS Battery Market, by Application

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

9.1.1.4.1          UK: UPS Battery Market, by Product Type

9.1.1.4.2          UK: UPS Battery Market, by Application

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

9.1.1.5.1          Italy: UPS Battery Market, by Product Type

9.1.1.5.2          Italy: UPS Battery Market, by Application

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

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

9.1.1.6.2          Rest of Europe: UPS Battery Market, by Application

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

10.1      Europe

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      Eaton Corporation plc

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      Exide Industries Limited

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      FIAMM Energy Technology S.p.A.

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      GS Yuasa International Ltd.

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      leoch International Technology Limited Inc

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      Schneider Electric SE

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      Vertiv Group Corporation

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

13.        Appendix

13.1      About the Insight Partners

13.2      Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

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

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

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

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

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

Table 14.          List of Abbreviation

LIST OF FIGURES

Figure 1.           Europe UPS Battery Market Segmentation

Figure 2.           Europe UPS Battery Market Segmentation – By Country

Figure 3.           Europe 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.           Germany was the Largest Revenue Contributor in 2020

Figure 7.           Europe – PEST Analysis

Figure 8.           Europe UPS Battery Market– Ecosystem Analysis

Figure 9.           Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

  1. CSB Battery Co., Ltd.
  2. Eaton Corporation plc
  3. Exide Industries Limited
  4. FIAMM Energy Technology S.p.A.
  5. GS Yuasa International Ltd.
  6. leoch International Technology Limited Inc
  7. Schneider Electric SE
  8. Vertiv Group Corporation
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe 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 Europe 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 Europe 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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