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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.
The rising advantages of UPS battery in data center is expected to surge the North America UPS battery market. Increase in data-related services, and growing trend of cloud computing and virtualization have escalated the demand for data centers across North America, eventually magnifying the demand for UPS. Cloud-based services require to be online to provide services, which is surging the need for UPS systems. North America, especially the US, hosts numerous colocation facilities and data center service providers.
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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
Press release content from Business Wire. The AP news staff was not involved in its creation.
Worldwide UPS Battery Industry to 2028 - Increasing Applications of UPS in Emerging Economies Present Opportunities - ResearchAndMarkets.com
May 4, 2021 GMT
DUBLIN (BUSINESS WIRE) May 4, 2021
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 infr
Global Nuclear Facility Decommissioning Services Market 2021 Industry Key Players, Share, Trend, Segmentation and Forecast to 2027 texasguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from texasguardian.com Daily Mail and Mail on Sunday newspapers.
Technavio Research: Global Nuclear Decommissioning Services Market 2020-2024 | Key Highlights on Dominant Segments and Forecasts for New Normal | Technavio
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Technavio has announced its latest market research report titled Nuclear Decommissioning Services Market by Reactor Type and Geography Forecast and Analysis 2020-2024 (Graphic: Business Wire).
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The shutdown of nuclear plants is one of the major factors that will propel market growth. However, factors such as price challenges associated with decommissioning will hamper growth.