The UPS battery market in North America is expected to grow from US $ 150.64 million in 2020 to US $ 346.6 million by 2028; it is expected to grow at a CAGR of 11.7% from 2021 to 2028. The growing advantages of UPS battery in data centers are expected to explode the UPS battery market in North America.
New York, May 25, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “North America UPS Battery Market Forecast to 2028 – COVID-19 Impact and Regional Analysis By Product Type and Application” – https: // www.reportlinker .com / p06075759 /? utm_source = GNW
The increase in data-related services and the growing trend of cloud computing and virtualization have increased the demand for data centers in North America, ultimately increasing the demand for inverters. Cloud-based services must be online to provide services, increasing the need for UPS systems. North America, particularly the United States, is home to many colocation facilities and data center service providers. In the United States, large data centers have been created in Los Angeles, San Francisco and Seattle for the west coast; New York / Virginia for the East Coast; and Dallas / Miami in the south / center and Chicago. There are 1,975 colocation data centers in North America, including 1,798 in the United States and 176 in Canada. Colocation providers are very keen on redesigning their data center UPS solutions and speeding up their IT processes to meet customer demand for rapid data delivery. The life expectancy of a UPS in a data center is approximately 10 to 15 years. The lead acid battery works for about 3-6 years, while the lithium ion battery lasts for about 10 years or more. Because of these advantages of UPS batteries, companies are focusing heavily on the design of advanced battery systems for data centers. Thus, the increasing deployment of UPS batteries in data centers due to their advantages such as high energy efficiency, high performance and low weight is driving the growth of UPS battery market in North America.
The COVID-19 pandemic has severely affected countries in North America, especially the U.S. North America is a pioneer in the development and adoption of new technologies due to favorable government policies to stimulate innovation, the presence of huge industrial bases and high purchasing power. especially in developed countries like the United States and Canada.
Therefore, any impact on the growth of industries directly affects the economic growth of the region.The United States is home to a large number of manufacturing and technology companies, and as a result, it has faced a significant impact from the epidemic. COVID-19, as well as the steps taken to control its spread.
The current crisis is also hampering the growth of the UPS battery market in the United States due to the disruption of IT operations in data centers, the imposition of strict travel restrictions, and the denial of access to field IT engineers. at critical facilities. Therefore, the negative impact of the COVID-19 pandemic on the growth of the UPS battery market in North America is also expected to persist in the coming quarters.
Based on product type, the North America UPS battery market is segmented into lead-acid, lithium-ion, and others; the lead-acid segment dominated the market in 2020. Lead-acid batteries offer better reliability when deployed in uninterruptible power systems.
For high power applications, where weight is not a major concern, lead acid batteries are the most economical choice. In addition to cost efficiency, high tolerance, low internal impedance, and other performance benefits make them an ideal choice for small-scale energy storage systems such as UPS systems; large-scale and grid-scale electrical systems; and sources of starting, lighting and ignition power for automobiles.
To begin the research process, exhaustive secondary research was conducted using internal and external sources to obtain qualitative and quantitative insights into the North American UPS battery market.
The process also serves to gain an overview and forecast for the market in relation to all segments of the region, in addition, several primary interviews were conducted with industry participants to validate the data, as well as for more analytical information on the subject.
Participants in this process include industry experts such as vice presidents, business development managers, business information managers and national sales managers, as well as external consultants such as valuation experts, Research analysts and key opinion leaders, specializing in the UPS battery market in North America. . CSB Battery Co., Ltd., East Penn Manufacturing Company, Eaton Corporation plc, Exide Industries Limited, FIAMM Energy Technology SpA, GS Yuasa International Ltd., leoch International Technology Limited Inc, NorthStar Group Services, Inc., Schneider Electric SE, and Vertiv Group Corporation is one of the players operating in the market in this region.
Read the full report: https://www.reportlinker.com/p06075759/?utm_source=GNW
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