According to a new report, published by KBV research, The Global UPS Battery Market size is expected to reach $26.71 billion by 2031, rising at a market growth of 13.6% CAGR during the forecast period.
The Li-ion segment is leading the Global UPS Battery Market by Battery in 2023; thereby, achieving a market value of $15.53 billion by 2031. This dominance can be attributed to several factors, including its superior energy efficiency, longer lifespan, and higher power density than other battery types. Li-ion batteries are increasingly preferred in UPS applications because they provide reliable backup power, faster charging times, and lower maintenance requirements. The growing adoption of Li-ion batteries in data centers, healthcare facilities, and industrial sectors has further driven the segment’s growth.
The Data Centers segment exhibits a CAGR of 13 % during the forecast period. This dominance is primarily driven by the rapid expansion of data centers worldwide, fuelled by increasing digitalization, cloud computing adoption, and the growing demand for high-speed internet services. Data centers require reliable and uninterrupted power supply solutions to ensure smooth operations and prevent data loss, making UPS batteries essential. The rising investments in hyperscale and colocation data centers and stringent regulations regarding power reliability have further propelled the demand for UPS batteries in this segment.
Full Report: https://www.kbvresearch.com/ups-battery-market/
The Asia Pacific region dominated the Global UPS Battery Market by Region in 2023; thereby, achieving a market value of $9.79 billion by 2031. The North America region is expected to witness a CAGR of 12.9% during (2024 - 2031). Additionally, The Europe region would register a CAGR of 13.1% during (2024 - 2031).
By Battery
By Application
By Geography
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