UPS Battery Market Segmentation:
Organization Size (Small and Medium Enterprises (SMEs), Large Enterprises)
In terms of organization size, the small and medium enterprises (SMEs) segment is expected to capture around 79.4% UPS battery market share by the end of 2035, due to the need for continuous power supply for uninterrupted operations. The diverse applications in sectors including IT, retail, healthcare, and manufacturing facilities have driven the demand for reliable power-generating devices. As SMEs seek cost-effective and scalable solutions, the UPS systems fit perfectly with their current needs. The segment is growing with the enlarging consumer base due to growing awareness about the importance of power protection. Thus, they are adopting these batteries to safeguard their sensitive equipment such as servers, point-of-sale systems, networking devices, and industrial machinery.
Battery Type (Lead Acid, Nickel Cadmium, Li-ion)
Based on battery type, the li-ion segment is poised to generate remarkable revenue in the UPS battery market. Industries including data centers, telecom, and healthcare have driven the demand for these energy storage systems to empower their critical operations. Such energy-efficient solutions are securing a leading position in the usage of emergency power backup. Companies are curating innovative technologies and eco-friendly materials to optimize the performance and sustainability of these batteries. For instance, in June 2023, AEG launched Protect D Li-Ion for various IT applications. The compact UPS consists of cutting-edge lithium-ion technology to offer unmatched data and equipment protection while ensuring smooth operations.
Our in-depth analysis of the global market includes the following segments:
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