North America 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)
Market Introduction
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.
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Market Overview and Dynamics
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.
Key Market Segments
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.
Major Sources and Companies Listed
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.
Reasons to buy report
- To understand the North America 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 North America UPS battery market
- Efficiently plan M&A and partnership deals in North America 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 North America UPS battery market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America UPS Battery Market Segmentation
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
North America 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
- NorthStar Group Services, 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. North America UPS Battery Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America UPS Battery Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Emphasis of Li-Ion Battery
5.1.2 Rising Advantages of UPS Battery in Data Centre
5.2 Market Restraints
5.2.1 Issues Regarding Failure Associated with UPS Batteries
5.3 Market Opportunities
5.3.1 Growing UPS Applications
5.4 Future Trends
5.4.1 Increasing Digitalization Fueled by Government Favorable Initiatives
5.5 Impact Analysis of Drivers and Restraints
6. UPS Battery Market – North America Analysis
6.1 North America UPS Battery Market Overview
6.2 North America UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)
7. North America UPS Battery Market – By Product Type
7.1 Overview
7.2 North America 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. North America UPS Battery Market Analysis – By Application
8.1 Overview
8.2 North America 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. North America UPS Battery Market – Country Analysis
9.1 Overview
9.1.1 North America: UPS Battery Market, by Key Country
9.1.1.1 US: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: UPS Battery Market, by Product Type
9.1.1.1.2 US: UPS Battery Market, by Application
9.1.1.2 Canada: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: UPS Battery Market, by Product Type
9.1.1.2.2 Canada: UPS Battery Market, by Application
9.1.1.3 Mexico: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: UPS Battery Market, by Product Type
9.1.1.3.2 Mexico: UPS Battery Market, by Application
10. Impact of COVID-19 Pandemic on North America UPS Battery Market
10.1 North America
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 NorthStar Group Services, Inc.
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 Schneider Electric SE
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
12.10 Vertiv Group Corporation
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About the Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America UPS Battery Market – Revenue, and Forecast to 2028 (US$ Million)
Table 2. US: UPS Battery Market, by Product Type –Revenue and Forecast to 2028 (US$ Million)
Table 3. US: UPS Battery Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 4. Canada: UPS Battery Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: UPS Battery Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. Mexico: UPS Battery Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico: UPS Battery Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. North America UPS Battery Market Segmentation
Figure 2. North America UPS Battery Market Segmentation – By Country
Figure 3. North America UPS Battery Market Overview
Figure 4. Lead-Acid Segment Held the Largest Market Share in 2020
Figure 5. Commercial Application Segment Held the Largest Market Share in 2020
Figure 6. Mexico was the Largest Revenue Contributor in 2020
Figure 7. North America – PEST Analysis
Figure 8. North America UPS Battery Market– Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. North America UPS Battery Market Impact Analysis of Drivers and Restraints
Figure 11. North America UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America UPS Battery Market Revenue Share, by Product Type (2020 and 2028)
Figure 13. North America Lead-Acid: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Li-Ion: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Other Product Type: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America UPS Battery Market Revenue Share, by Application (2020 and 2028)
Figure 17. North America Commercial: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Residential: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Other Application: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America: UPS Battery Market, by Key Country – Revenue (2020) (USD Million)
Figure 21. North America: UPS Battery Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. US: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Canada: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Mexico: UPS Battery Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Impact of COVID-19 Pandemic in North American Country Markets
- 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
- Vertiv Group Corporation
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- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the UPS battery market, as well as those hindering it
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