North America Market Analysis
In UPS battery market, North America region is expected to hold more than 53.8% share by 2037. Significant expansion of data centers due to technological advancement through digitalization has positioned the region on top of this sector. The institutions require large-scale UPS systems to run their computing devices and servers uninterruptedly, preventing service disruptions. The government is now focusing on promoting energy-efficient UPS power sources. For instance, in December 2022, the U.S. government issued the Federal Energy Management Program, setting standards for power storage technology. This acts as a guide for UPS product application in residential and commercial fields, propelling innovation in this region.
The growth in the U.S. UPS battery market is majorly driven by innovation in power storage and supply technology. Global leaders situated in this country are focusing on introducing power sources, suitable for emphasized commercial usage. For instance, in July 2024, Numeric launched its new monolithic UPS system, Keor MP. The three-level IGBT-based converter and lithium battery technology of this compact 3-phase online double conversion device features 96% efficiency with 43% lesser footprint. Such innovative products are inflating demand for more sustainable power supply.
Canada is also diving deeper into the UPS battery market through technological development, creating lucrative opportunities for companies. With the target of achieving energy security and resilience, the country has ensured the optimum adoption of UPS systems to withstand power cuts, especially during natural disasters. This has further enlarged the industry through improved battery performance and extensive features. Many global leaders have shown interest in investing to introduce their high-performance UPS batteries to meet the enlarging demand.
APAC Market Statistics
The Asia Pacific landscape of the UPS battery market has presented great opportunities due to rapid urbanization. Developing countries including Japan, China, India, and South Korea are demanding uninterrupted power supplies to retain their progress. Many domestic companies are launching a series of batteries with attractive features, offering smart power management in large-scale data processing organizations. For instance, in June 2024, Delta launched the UZR Gen3 Series UPS Li-ion Battery System, designed for the data center industry. The innovative engineering of the power supplier can be seamlessly integrated with electrical equipment, cooling systems, and hardware, reducing the TOC of these businesses.
India is emerging to be one of the fastest-growing countries in the UPS battery market. Many large-scale industries are seeking efficient power backup solutions for continued production and distribution flow. Thus, companies are targeting these consumers by introducing revolutionary technologies, delivering as per need. For instance, in October 2022, Su-vastika launched Heavy Duty UPS 3P-3P for industrial power supply with a reduced switching time of ≤ 2milli seconds, preventing sensitive equipment from resetting. The long-lasting UPS batteries are capable of offering a wide range of outputs from 10 KVA to 500 KVA.
China is also gaining traction in the global UPS battery market through its large consumer base. The large manufacturing facilities, population, and reservoir of key components have made this country a good trading space for domestic and global leaders. The expansion of data management institutions and the adoption of advanced technologies have influenced global leaders to invest in this landscape. Integration of these power sources for remote and on-premises healthcare facilities is driving the demand for smart UPS solutions. This is further emphasizing the need for future developments in this sector.
Author Credits: Dhruv Bhatia
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