Asia-Pacific UPS Battery Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type and Application

Asia-Pacific UPS Battery Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type and Application

  • April 2021 •
  • 109 pages •
  • Report ID: 6075649 •
  • Format: PDF
The APAC UPS battery market is expected to grow from US$ 239.71 million in 2020 to US$ 455.71 million by 2028; it is estimated to grow at a CAGR of 9.1% from 2021 to 2028. The growing trend of digitalization, fueled by favorable government initiatives, boosts the APAC UPS battery market. Automation and digitalization escalate power consumption in different operations, thereby propelling the demand for UPS. Government of APAC countries are taking initiatives to computerize and digitize offices and departments, for which these departments need seamless power supply. Moreover, smart city projects have generated massive demand for security hardware such as storage and closed-circuit television cameras. In line with the smart city development, the growing focus on residential security is driving the use of UPS systems. Home security solutions allow homeowners to protect their sensitive electronic equipment from damage caused by sudden power outages. Several cable stations broadcast digitally, and therefore, they must protect the power to broadcast and the sensitive digital broadcasting equipment. Major initiatives such as Digital India and Smart City projects, growing need of clean power across verticals, numerous ongoing infrastructure projects, growth of surveillance needs, and digitalization of electronic gadgets at homes are booting the demand for UPS across APAC.
The COVID-19 pandemic has been severely affecting APAC countries, especially India.APAC is characterized by the presence of many developing countries, positive economic outlook, high industrial presence, huge population, and rising disposable income.

APAC is also home to many data centers, and any disruptions may limit the economic growth of the region.The governments of various countries of this region are taking drastic measures to reduce the effects of coronavirus outbreak by announcing lockdowns, travel, and trade bans.

The lockdown of various plants and factories in China is affecting the global supply chains and negatively impacting manufacturing, delivery schedules, and sales of various products and services.APAC is a global manufacturing hub with countries such as China, Japan, South Korea, and India leading the manufacturing sector in the region.

The ongoing pandemic has been causing huge disruptions in the growth of various industries in the region. For instance, China is the global hub of manufacturing and largest raw material supplier for various industries, and it is one of the countries that witnessed early ill-effects of the COVID-19 pandemic. The lockdown of various plants and factories in the country affected the global supply chains and negatively impacted manufacturing, and sales of various products and services in the first half of 2020. APAC experienced a negative impact on UPS battery production and sales in Q1 and Q2 2020 because a majority of the battery industry supply chain is concentrated in China. The negative impact of the COVID-19 pandemic on the UPS battery market growth is likely to continue till mid-2021.

The Lithium-ion segment is expected to register the highest CAGR in the market during forecast period.The Li-ion batteries are heavily used in a wide range of electronic devices, including smartphones and laptops.

They are also being used as a core component in electric vehicles.Moreover, these batteries are becoming a feasible choice for an uninterruptible power supply and energy storage systems, including harnessing power from renewable energies such as solar and wind.

Li-ion batteries display greater reliability than VRLA/SLA batteries due to their built-in battery monitoring and management systems.Additionally, the Li-ion batteries are significantly lightweight and small because of their higher power density.

High cycle-count, faster charge times, and minimum double service life compared to lead-acid batteries are among the other benefits that make them suitable for non-traditional UPS applications, such as peak shaving, grid sharing, and industrial or process control support. Furthermore, the Li-ion have numerous benefits on alternative DC storage techniques for the UPS application. The Li-ion batteries are associated with lower operational costs since they require less frequent replacement and as they operate at higher ambient temperatures.

The APAC UPS battery market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining overview and forecast for the APAC UPS battery market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic.

The participants typically involved in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the APAC UPS battery market. 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; Schneider Electric SE; and Vertiv Group Corporation are among the major companies in the market in this region.
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