South America UPS Battery Market
The UPS battery market in South America is further segmented into Brazil, Argentina, and the rest of South America. These countries are experiencing a rise in the middle-class population as well as growth in urbanization. The region is also witnessing a shortage of housing properties. Governments in the economies in South America are focusing on attracting private investments for the development of the infrastructure. Significant demand for infrastructure, coupled with governments’ commitments to fund the development of residential sector, would drive the UPS battery market during the forecast period. Brazil is among the largest economies in South America, and it contributes significantly toward the region’s overall growth. It also leads the UPS lithium-ion battery market in the region, which is mainly due to the facts that the country hosts the largest number of industries among all the South American countries and it attracts enormous amount of foreign direct investments (FDIs), which, in turn, facilitates the proliferation of infrastructure. Automotive is one of the booming sectors in South America, as various international automobile manufacturers are operating in the region. Consumer electronics industry is also flourishing in the region with the burgeoning demand for these products, owing to high international influence and rise in disposable income. The increase in the procurement of consumer electronics boosts the adoption of the battery systems, thus bolstering the UPS battery market in the region. Moreover, the Argentinean government is concentrating on attracting FDIs by taking various initiatives such as easing import restrictions, signing international bilateral agreements, and lifting restrictions on foreign investment. Such initiatives are expected to help in the development of UPS battery businesses, which would further help to improve the energy management across different industries in the region in the coming years, which will drive the SAM UPS battery market.
Furthermore, in case of COVID-19, SAM is highly affected specially Brazil, followed by other countries such as Ecuador, Peru, Chile, and Argentina. The governments of various countries in the region are taking several initiatives to protect people and to contain COVID-19’s spread in the region through lockdowns, trade bans, and travel restrictions. These measures are expected to have a direct impact on the region’s economic growth as the region will face lower export revenues, both from the drop in commodity prices and reduction in export volumes, especially to major trading partners such as China, Europe, and North America. The sharp decline in the sales of UPS battery devices in the region due to lockdown measures has directly impacted the growth of UPS battery market in this region in 2020. In addition to this, the online and retail distribution channel also faced the negative impact due to supply chain disruptions and non-availability of raw materials. The decline in business activities and product sales are expected to directly affect the growth rate of UPS battery market in this region for the next three to four quarters.
Strategic insights for the South America 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$ 51.75 Million |
| Market Size by 2028 | US$ 121.90 Million |
| Global CAGR (2021 - 2028) | 12.0 % |
| Historical Data | 2018-2019 |
| Forecast period | 2021-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America 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 SAM UPS battery market is expected to grow from US$ 51.75 million in 2020 to US$ 121.90 million by 2028; it is estimated to grow at a CAGR of 12.0 % from 2021 to 2028. Burgeoning digitalization fueled by government favorable initiatives will surge the market growth. The growing consumption of power with rising automation and digitization is demanding UPS for several business operations. Government across the SAM 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 SAM. Besides, growth of digital networks across the SAM, particularly in government services, would accelerate the development of UPS systems in SAM. Moreover, other major initiatives, 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 SAM region. The development of the 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 SAM market growth in near future.
In terms of product type, the lead-acid segment accounted for the largest share of SAM UPS battery market in 2020. In terms of application, the commercial segment held a larger market share of the SAM UPS battery market in 2020.
A few major primary and secondary sources referred to for preparing this report on the SAM 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 Eaton Corporation plc, Exide Industries Limited, leoch International Technology Limited Inc, Schneider Electric SE, and Vertiv Group Corporation.
The South America UPS Battery Market is valued at US$ 51.75 Million in 2020, it is projected to reach US$ 121.90 Million by 2028.
As per our report South America UPS Battery Market, the market size is valued at US$ 51.75 Million in 2020, projecting it to reach US$ 121.90 Million by 2028. This translates to a CAGR of approximately 12.0 % during the forecast period.
The South America 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 South America UPS Battery Market report:
The South America UPS Battery Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America UPS Battery Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America UPS Battery Market value chain can benefit from the information contained in a comprehensive market report.
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