Amara Raja Batteries, Eaton, and Microtek are three key vendors highlighted in a new Technavio report
London, 08 October 2015 – Technavio has published a new report on the global battery market for uninterruptible power supply (UPS), which is expected to grow at a CAGR of close to 9% from 2015-2019.
Battery market for UPS market segmentation including application and geography
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different applications, including lead-acid batteries, Li-ion batteries, and other batteries.
Additionally, analysts have segmented market projections by key geography, focusing on the Americas, the EMEA, and the APAC region.
“End-users worldwide prefer smaller UPS systems because they require less space, leaving more space for core business activities, hence vendors are manufacturing UPS systems that are lightweight, easily mountable, and take up less space due to their built-in battery feature. The availability of portable UPS systems is expected to increase in the future, which will further propel the overall market growth,” says Faisal Ghaus, Vice President of Technavio.
Battery market for UPS: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the global battery market for UPS from 2015-2019. To calculate the market size, it considers the revenue generated from the global sales of batteries used in UPS systems.
Industry analysis includes:
Key Vendors:
- Amara Raja Batteries
- Emerson Electric
- Exide Technologies
- Eaton
- Microtek
- Su-Kam Power Systems
- Schneider Electric
Market Growth Drivers:
- Increased demand from Southeast Asia
- Increased demand for power backup from manufacturing industries
Market Challenges:
- High chance of module failure
- High service and maintenance costs
Market Trends:
- Advances in technology
- Increased availability of portable UPS systems
View the global battery market for UPS report.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
