Dublin, May 07, 2021 (GLOBE NEWSWIRE) — The “UPS Battery Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product Type (Lead-Acid, Lithium-Ion, and Other Product Types) and Application (Commercial, Residential, and Other Applications)” report has been added to ResearchAndMarkets.com’s offering.
The global UPS battery market was valued at US$ 695.6 million in 2020 and is projected to reach US$ 1,475.7 million by 2028; it is expected to grow at a CAGR of 10.6% from 2021 to 2028.
The battery is one of a crucial component of an uninterruptible power supply (UPS). The UPS battery is accountable for long life span and good performance of UPS. Thus, regular maintenance of battery is must. Lithium-ion (Li-ion), Lead-acid, and nickel cadium are the major types of UPS batteries available for community of end users including from the commercial to industrial sectors. With the growing number of large data centers in corporate sector, electrical appliances and gadgets such as computers, critical infrastructure, or industrial processes, the adoption of UPS is booming, which is…
