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Middle East & Africa 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: TIPRE00021774 | Pages: 95 | Industry: Electronics and Semiconductor | Date: Apr 2021
Covid

Market Introduction

The MEA is projected to have a rapid rise in urbanization, which would further drive its economic growth. The Gulf countries are economically advanced, while the African countries are yet to match up to their economic conditions. Rise in per capita income, recovery in economic conditions, and increasing government spending toward smart grid and data center infrastructure development are among the factors driving the adoption of UPS batteries in the Middle East and Africa. The construction and infrastructural industries in the Middle East and Africa are witnessing high growth. Countries in the Middle East are engaging themselves in various global events, which are leading to the development of infrastructure and strengthening of economies. In addition, MENA countries are also expected to attract plenty of foreign investments in their infrastructure and construction industries. The constantly increasing population of the region is likely to raise the need for housing and other residential infrastructure. According to the United Nations Department of Economic and Social Affairs, Africa is anticipated to account for over half of the world’s total population growth during 2015–2050. Thus, growth in the construction industry in the region would boost the demand for UPS batteries to provide better energy management, especially across the residential sector. Furthermore, according to the Energy & Utilities Market Outlook Report 2020, smart grid investments in the region are estimated to reach US$ 17.6 billion during 2021–2027. Such investments are encouraging the smart grid development activities, thus creating enormous opportunities UPS battery manufacturers to further enhance their foothold in the region.

Furthermore, in case of COVID-19, Turkey, Iran, and South Africa have faced the highest cases. Other major countries facing the economic impact of COVID-19 include Iraq, Israel, Morocco, Saudi Arabia, and UAE. The MEA UPS battery market is majorly affected by the disruption in the supply chain. Pertaining to the closure of borders of countries, the supply chain of several component has been disturbed. The demand for UPS batteries for power back up in various sectors has declined during the lockdown period. This has resulted in a loss of business among the UPS battery market players offering their products to respective customers in the MEA. The region comprises of many growing economies such as UAE and Saudi Arabia, among others, which are prospective markets for UPS battery providers, due to the huge presence of diverse customer base. The global COVID-19 pandemic has significant effects on global economies, but the region is already impacted as there is pressure on economy of various oil-based countries due to falling oil prices. In addition to this, the factory lockdowns, business shutdowns and travel bans are further aggravating the economic problems of the countries in the MEA. Hence, the estimated decline in MEA’s economic condition and impact of COVID-19 on growth of various industries in the region is expected to negatively impact the growth of UPS battery market till mid-2021.

Market Overview and Dynamics

The MEA UPS battery market is expected to grow from US$ 73.11 million in 2020 to US$ 166.91 million by 2028; it is estimated to grow at a CAGR of 11.6 % from 2021 to 2028. Mounting advantages of UPS battery in data center will escalate the MEA UPS battery market. Due to the rising data related services, there has been a huge increase in demand for data centers, which is driving the demand for UPS. Cloud-based services require to be online to provide services, which is surging the need for UPS systems. The growing trend of cloud computing and virtualization has led to a rise in data centers. The rising colocation providers across the MEA region are highly inclined toward remodeling their data center UPS solutions and speeding up their IT processes to meet the customer demand for rapid data delivery; thus, propelling the demand for data center UPS solutions. The life expectancy of a UPS in a data center is ~10–15 years. Lead-acid battery works for ~3–6 years, while lithium-ion battery lasts ~10 years or longer. Due to such advantages of UPS battery, companies are highly focused on designing advanced battery systems for data centers. Thus, the growing deployment of UPS battery for data centers, owing to its numerous advantages such as high energy efficiency, high performance, and lightweight, is compelling the MEA UPS battery market growth.

Key Market Segments

In terms of product type, the lead-acid segment accounted for the largest share of MEA UPS battery market in 2020. In terms of application, the commercial segment held a larger market share of the MEA 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 MEA 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 Eaton Corporation plc, Exide Industries Limited, FIAMM Energy Technology S.p.A., leoch International Technology Limited Inc, Schneider Electric SE, and Vertiv Group Corporation.

Reasons to buy report

  • To understand the MEA 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 MEA UPS battery market
  • Efficiently plan M&A and partnership deals in MEA 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 MEA UPS battery market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.

MEA UPS Battery Market Segmentation

MEA UPS Battery Market - By Product Type

  • Lead-acid
  • Lithium-ion
  • Other

MEA UPS Battery Market - By Application

  • Commercial
  • Residential
  • Other

MEA UPS Battery Market - By Country

  • South Africa      
  • Saudi Arabia
  • UAE
  • Rest of MEA       

MEA UPS Battery Market - Company Profiles

  • Eaton Corporation plc
  • Exide Industries Limited
  • FIAMM Energy Technology S.p.A.
  • 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.           MEA UPS Battery Market Landscape

4.1         Market Overview

4.2         MEA PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           MEA UPS Battery Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Burgeoning Emphasis of Li-Ion Battery

5.1.2        Mounting Advantages of UPS Battery in Data Center

5.2         Market Restraints

5.2.1        Complications Related to Mechanical and Electrical Limitations

5.3         Market Opportunities

5.3.1        Surging UPS Applications in Emerging Economies

5.4         Future Trends

5.4.1        Escalating Digitalization Fueled by Government Favorable Initiatives

5.5         Impact Analysis of Drivers and Restraints

6.           UPS Battery Market – MEA Analysis

6.1         MEA UPS Battery Market Overview

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

7.           MEA UPS Battery Market – By Product Type

7.1         Overview

7.2         MEA 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.           MEA UPS Battery Market Analysis – By Application

8.1         Overview

8.2         MEA 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.           MEA UPS Battery Market – Country Analysis

9.1         Overview

9.1.1        MEA: UPS Battery Market, by Key Country

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

9.1.1.1.1          South Africa: UPS Battery Market, by Product Type

9.1.1.1.2          South Africa: UPS Battery Market, by Application

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

9.1.1.2.1          Saudi Arabia: UPS Battery Market, by Product Type

9.1.1.2.2          Saudi Arabia: UPS Battery Market, by Application

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

9.1.1.3.1          UAE: UPS Battery Market, by Product Type

9.1.1.3.2          UAE: UPS Battery Market, by Application

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

9.1.1.4.1          Rest of MEA: UPS Battery Market, by Product Type

9.1.1.4.2          Rest of MEA: UPS Battery Market, by Application

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

10.1      MEA

11.        Industry Landscape

11.1      Overview

11.2      Market Initiative

11.3      New Product Development

12.        Company Profiles

12.1      Eaton Corporation plc

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      Exide Industries Limited

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      FIAMM Energy Technology S.p.A.

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      leoch International Technology Limited Inc

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      Schneider Electric SE

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      Vertiv Group Corporation

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

13.        Appendix

13.1      About the Insight Partners

13.2      Word Index

LIST OF TABLES

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

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

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

Table 4.             Saudi Arabia: UPS Battery Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

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

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

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

Table 8.             Rest of MEA: UPS Battery Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 9.             Rest of MEA: UPS Battery Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 10.          List of Abbreviation

LIST OF FIGURES

Figure 1.           MEA UPS Battery Market Segmentation

Figure 2.           MEA UPS Battery Market Segmentation – By Country

Figure 3.           MEA 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.           Rest of MEA was the Largest Revenue Contributor in 2020

Figure 7.           MEA – PEST Analysis

Figure 8.           MEA UPS Battery Market– Ecosystem Analysis

Figure 9.           Expert Opinion

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

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

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

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

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

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

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

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

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

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

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

Figure 21.        MEA: UPS Battery Market Revenue Share, by Key Country (2020 and 2028)

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

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

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

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

Figure 26.        Impact of COVID-19 Pandemic in MEA Country Markets

 

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