Europe UPS Battery Market
The UPS batteries ensure maximum output in harsh environments. The data center power in Europe is constantly witnessing resilient growth with the development of multiple large data center facilities with power capacities of 50 MW and an increase in power infrastructure spending. In 2019, the government across the region is investing hugely and announced more than 140 power projects, out of which few of the projects are operational by June 2020 and another project got postponed due to COVID-19 impact. The implementation of General Data Protection Regulation (GDPR), a data protection and privacy policy in the EU, has led to increase in investments in data centers, thus supporting the growth of the UPS battery market in the region. Similarly, automotive is a crucial industry the EU as it significantly contributes to the country’s GDP. Several EU countries are leading producers of motor vehicles, and many premium automotive manufacturers are based in the region. Furthermore, the automotive sector of the region represents the largest private investor in R&D, and it also receives support from governments in the form of R&D funding. The vehicle manufacturing industry produces ~19.2 million vehicles per year, including cars, vans, buses, and trucks. Moreover, ~300 vehicle assembly and manufacturing facilities are located in ~26 countries in Europe. Therefore, the surging installation of efficient and reliable UPS batteries across various industries are bolstering the UPS battery market growth in the region.
Furthermore, in case of COVID-19, Russia, UK, France, Italy, Spain, and Germany are some of the worst affected member states in the European region. Businesses in the region face severe economic difficulties as they had to suspend their operations or substantially reduce their activities. Due to business lockdowns, travel bans, and supply chain disruptions, the region experienced an economic slowdown in 2020 and, most likely, in 2021. The member states of Europe, such as Italy, Spain, and Germany, have implemented drastic measures and travel restrictions to limit the spread of coronavirus among its citizens. European countries represent a major market for UPS battery adoption due to the rising cloud services. Governments and businesses in the region have taken actions to limit the spread of COVID-19, such as quarantines, restrictions on travel, and restrictions that prohibit employees from going to work. The pandemic has impacted UPS battery provider’s sales channels, supply chain, manufacturing operations, workforce, and other key aspects. Due to COVID-19, the commercial and industrial sectors also witnessed a slowdown as the European battery manufacturers rely on China-based suppliers for providing raw material. Also, other related components that has seen a sharp decline in European countries is expected to be under stress till mid-2021 and it will require time to stabilize. All these factors are expected to have a direct impact on UPS battery market growth in European countries.
Strategic insights for the Europe UPS Battery provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2020 | US$ 180.38 Million |
| Market Size by 2028 | US$ 385.17 Million |
| Global CAGR (2021 - 2028) | 10.7 % |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The geographic scope of the Europe UPS Battery refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The Europe UPS battery market is expected to grow from US$ 180.38 million in 2020 to US$ 385.17 million by 2028; it is estimated to grow at a CAGR of 10.7 % from 2021 to 2028. Rising digitalization fueled by government favorable initiatives will escalate the Europe UPS battery market. The growing consumption of power with rising automation and digitization is demanding UPS for several business operations. Government across the Europe are implementing initiative to computerize and digitize offices and departments, for which seamless supply of energy is needed. The government initiatives have generated massive demand for security hardware such as storage and closed-circuit television cameras. Residential security is the next growth destination in various countries thus, due to this, the growth in the use of UPS systems in residential applications are mounting since homeowners want to protect their sensitive electronic equipment from power outages. Broadcast stations is one of the major applications for UPS systems. As several cable stations broadcast digitally, they must protect the power to broadcast and the sensitive digital broadcasting equipment. Rising investments in the industrial sector and increasing government initiatives are likely to spur the demand for UPS systems in Europe. Besides, growth of digital networks, particularly in government services, would accelerate the development of UPS systems. Moreover, other major initiatives such as the requirement of clean power across verticals, numerous infrastructure projects, the growth of surveillance needs, and digitalization of electronic gadgets at homes are likely to boost the demand for UPS across the Europe. The development of the Europe UPS battery market is primarily guided by the government initiatives for digitalization, and it is projected that more government projects together with economic growth, infrastructure projects, and surveillance needs will surge the market growth in near future.
In terms of product type, the lead-acid segment accounted for the largest share of Europe UPS battery market in 2020. In terms of application, the commercial segment held a larger market share of the Europe UPS battery market in 2020.
A few major primary and secondary sources referred to for preparing this report on the Europe UPS battery market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are CSB Battery Co., Ltd., Eaton Corporation plc, Exide Industries Limited, FIAMM Energy Technology S.p.A., GS Yuasa International Ltd., leoch International Technology Limited Inc, Schneider Electric SE., and Vertiv Group Corporation.
The Europe UPS Battery Market is valued at US$ 180.38 Million in 2020, it is projected to reach US$ 385.17 Million by 2028.
As per our report Europe UPS Battery Market, the market size is valued at US$ 180.38 Million in 2020, projecting it to reach US$ 385.17 Million by 2028. This translates to a CAGR of approximately 10.7 % during the forecast period.
The Europe UPS Battery Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe UPS Battery Market report:
The Europe UPS Battery Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe UPS Battery Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe UPS Battery Market value chain can benefit from the information contained in a comprehensive market report.
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