Share this article
Share this article
ResearchAndMarkets.com's offering.
The global UPS battery market was valued at US$ 695.6 million in 2020 and is projected to reach US$ 1,475.7 million by 2028; it is expected to grow at a CAGR of 10.6% from 2021 to 2028.
The battery is one of a crucial component of an uninterruptible power supply (UPS). The UPS battery is accountable for long life span and good performance of UPS. Thus, regular maintenance of battery is must. Lithium-ion (Li-ion), Lead-acid, and nickel cadium are the major types of UPS batteries available for community of end users including from the commercial to industrial sectors. With the growing number of large data centers in corporate sector, electrical appliances and gadgets such as computers, critical infrastructure, or industrial processes, the adoption of UPS is booming, which is further stimulating the scope of UPS batteries. In addition, with a rise in mission-critical facilities and industries using data center, the demand for UPS battery solution offering reliability, safety, and superior performance is also expanding. The UPS depends on getting equip with right batteries, configuring properly, and keeping them carefully. An end user may require power server for the business, run an entire building, or safeguard sensitive medications that are being stored at highly precise temperatures. Grid storage, residential grid storage, and electric vehicles are among the other applications using UPS, which are expected to fuel the production and sales cycle of UPS batteries as well.