North America UPS Battery Market: Industry Analysis and Forecast (2024-2030)

North America UPS Battery Market Overview:

With improved technologies and processes being incorporated and deployed, the North American UPS battery market is undeniably rising. As a result, the use of UPS systems is unavoidable. For example, Mexico is enacting policies to encourage the use of UPS systems for reliable power backup. As a result of these measures, there is a rise in demand for electricity, which contributes significantly to the UPS industry's growth in North America. Offices, businesses, and organizations are now heavily reliant on technology. Since mobile phones and computers have become an integral part of daily life, UPS systems have become an integral component of it as well.

An increased household disposable income, sales of electrical equipment such as refrigerators, air conditioners, televisions, and microwaves are expected to increase, and insufficient power supply will drive consumers to purchase UPS systems. UPS applications in the residential and commercial sectors of North American economies are growing due to power shortages, the growth of IT, banking, and small and medium enterprises, and the rise in consumer income levels. It has become critical for firms to invest in research and development (R&D) efforts for the UPS industry's overall development and for regional players to increase profitability.

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North America UPS Battery Market Dynamics:

In terms of acceptance of new technology, high standard of life, infrastructural development, and other factors, a large portion of the region is considered highly developed. As a result of technological improvements, this region has become a highly competitive marketplace for various businesses. Companies are continuously focused on innovations to serve their consumers in the best possible way, as customer demand for high-quality services and products grows. The development of the information technology (IT) business in the region has resulted from technological advancements combined with the high disposable incomes of citizens; the density of IT Data centers in the region is relatively high. The growing importance of lithium-ion batteries and the growing benefits of UPS batteries in data centers are the main factors driving the UPS battery market in North America to grow.

The UPS battery market in North America is likely to grow as the benefits of UPS batteries in data centers become more apparent. The rise in data-related services, along with the expanding trend of cloud computing and virtualization, has increased demand for data centers across North America, resulting in a surge in UPS demand. Cloud-based services necessitate being online in order to provide services, increasing the demand for UPS systems. Numerous colocation facilities and data center service providers are found in North America, particularly in the United States.

A UPS battery in a data center can last anywhere from 10 to 15 years. The lifespan of a lead-acid battery is 3-6 years, while that of a lithium-ion battery is 10 years or longer. Because of these benefits, companies are concentrating their efforts on developing improved battery systems for data centers. As a result of their benefits like great energy efficiency, excellent performance, and low weight, UPS batteries are becoming increasingly popular in data centers across North America.

Major data centers have been built in Los Angeles, San Francisco, and Seattle on the West Coast; New York/Virginia on the East Coast; and Dallas/Miami in the South/Central and Chicago regions. In North America, there are 1,975 colocation data centers, with 1,798 in the United States and 176 in Canada. To address customer demand for rapid data transmission, colocation providers are increasingly renovating their data center UPS systems and speeding up their IT procedures. As a result, the UPS battery market is expected to grow at a significant rate during the forecast period. 

The digitalization and the Internet of Things have caused service providers to spend a lot of money on UPS systems in order to expand their footprints and fulfill the growing demand for computing. Larger three-phase power rating UPS, which are frequently employed by colocation and cloud service providers, have seen tremendous growth rates as a result of this. The number of internet users and internet-connected devices continues to rise around the world, necessitating an increase in appropriate power backup systems, such as UPS. According to an SMR study, more than 69% of Americans use a cloud service to efficiently carry out their commercial activities, which has exploded in popularity in recent years. North America is home to the majority of colocation providers, accounting for over 43% of the world's operating colocation space. As a result, the UPS battery market in the North American region is expected to grow at a significant rate throughout the forecast period.

North America UPS Battery Market Segment Analysis:

By Product Type, the UPS Battery market is segmented into Lead-acid, Lithium-Ion, Nickel Cadmium, and Others. The Lead-acid segment held the largest market share accounting for 39.7% in 2023. When used in uninterruptible power supply systems, lead-acid batteries have proven to be more reliable. Lead-acid batteries are the most cost-effective option for high-power applications when weight is not an issue. This cost-effectiveness, combined with high tolerance, low internal impedance, and other performance characteristics, makes them excellent for small-scale power storage, such as UPS systems; big & grid-scale power systems; and automotive starting, lighting, and ignition power sources. As a result, these factors are expected to boost the segment growth for the UPS Battery market in the North American region.

COVID-19 Impact on North America UPS Battery Market:

The COVID-19 pandemic has impacted negatively on North American countries, particularly the United States. Because of favourable government policies to encourage innovation, the presence of large industrial bases, and high purchasing power, North America is a leader in the creation and adoption of new technology, particularly in industrialized countries like the United States and Canada. As a result, any impact on the expansion of industries has a direct impact on the region's economic growth.

The objective of the report is to present a comprehensive analysis of the North America UPS Battery Market to the stakeholders in the industry. The report provides trends that are most dominant in the North America UPS Battery Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the North America UPS Battery Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

The qualitative and quantitative data provided in the North America UPS Battery Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the North America UPS Battery Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the North America UPS Battery Market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the North America UPS Battery Market. The report also analyses if the North America UPS Battery Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the North America UPS Battery Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the North America UPS Battery Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the North America UPS Battery Market is aided by legal factors.

North America UPS Battery Market Scope:

North America UPS Battery Market Key Players:  

• 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
• Vertiv Group Corporation