(EnergyIndustry.Net, May 12, 2017 ) UPS systems facilitate the continuous functioning of devices such as computers, telecommunications equipment, and other electrical appliances for short periods when there is a loss of power from the primary power source. These systems can also protect the devices from power surges.
Technavios analysts forecast the global UPS battery market to grow at a CAGR of 8.18% during the period 2017-2021.
In addition to the change in the global mix, the need for continuous power supply that spurs the use of electronic storage system (ESS) is also triggering the growth of the global battery market. Most of the industries and households are facing challenges such as sudden loss of power, voltage fluctuations, and power surges. Moreover, the fluctuation in power can also affect electronic devices and computer systems that rely heavily on the power source for efficient functioning. This in turn, will promote growth of the UPS battery market, since the UPS prevents the loss of data and productivity.
The market is divided into the following segments based on geography: Americas APAC EMEA
Technavio's report, Global UPS Battery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors Amara Raja Power Systems East Penn Manufacturing Eaton EnerSys Exide Technologies
Other prominent vendors ALCAD C&D TECHNOLOGIES Coslight India Telecom Duracell Energizer EverExceed EXIDE INDUSTRIES HBL Power Systems Market driver Increase in data center construction For a full, detailed list, view our report
Market challenge UPS battery failure For a full, detailed list, view our report
Market trend Use of Li-ion based UPS systems For a full, detailed list, view our report
Key questions answered in this report What will the market size be in 2021 and what will the growth rate be? What are the key market trends? What is driving this market? What are the challenges to market growth? Who are the key vendors in this market space? What are the market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors?
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