North America UPS Battery Market
The US, Canada, and Mexico are the economies present in North America. A major part of the region is perceived to be highly developed in terms of adoption of modern technologies, high standard of living, developments in infrastructure, and so on. Technological advancements make this region a highly competitive marketplace for different businesses. With the rising customer demand for high-quality services and products, companies are constantly focusing on innovations to serve their customers in the best possible way. Technological advancements, coupled with high disposable incomes of individuals, have resulted in the proliferation of the information technology (IT) industry in the region; the density of IT datacenters in the region is quite high. UPS systems and their batteries such as lithium-ion batteries provide extended battery lives and confer higher energy efficiencies to the electronics devices, which helps address the high energy demands. Hence, numerous UPS manufacturers in North America are integrating lithium-ion UPS batteries. 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.
Furthermore, 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.
Strategic insights for the North America UPS Battery provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 150.64 Million |
| Market Size by 2028 | US$ 346.06 Million |
| Global CAGR (2021 - 2028) | 11.7 % |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America UPS Battery refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America UPS battery market is expected to grow from US$ 150.64 million in 2020 to US$ 346.06 million by 2028; it is estimated to grow at a CAGR of 11.7 % from 2021 to 2028. Growing UPS applications will drive the North America UPS battery market. The North America UPS battery market is indisputably growing with advanced technologies and methodologies being integrated and implemented. Thus, deployment of UPS systems is inevitable. Mexico, for instance, is implementing various policies to introduce UPS systems for strong power back-up solutions. Due to such initiatives, there is an increase in demand for power, which contributes considerably to the growth of the UPS industry in North America. Presently, offices, business, and institutions are IT-driven. No one can work without mobile phones and computers since these devices have become a part of daily lives; thus, the UPS systems too have become a part it. Owing to rising disposable incomes of households, the sales of electrical equipment such as refrigerators, ACs, televisions, and microwaves is anticipated to surge, and inadequate power supply will propel consumers to opt for UPS systems. Power shortage; growth of IT, banking, and small and medium enterprise; and rise in income levels of consumers are surging UPS applications in residential and commercial sectors of North American economies. For the overall development of the UPS industry and for the regional players to increase the profitability, it has become vital for the businesses to invest in research & development (R&D) activities.
In terms of product type, the lead-acid segment accounted for the largest share of North America UPS battery market in 2020. In terms of application, the commercial segment held a larger market share of the North America UPS battery market in 2020.
A few major primary and secondary sources referred to for preparing this report on the North America 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, NorthStar Group Services, Inc., Schneider Electric SE, and Vertiv Group Corporation.
The North America UPS Battery Market is valued at US$ 150.64 Million in 2020, it is projected to reach US$ 346.06 Million by 2028.
As per our report North America UPS Battery Market, the market size is valued at US$ 150.64 Million in 2020, projecting it to reach US$ 346.06 Million by 2028. This translates to a CAGR of approximately 11.7 % during the forecast period.
The North America UPS Battery Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America UPS Battery Market report:
The North America UPS Battery Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America UPS Battery Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America UPS Battery Market value chain can benefit from the information contained in a comprehensive market report.
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