Albany, NY -- (SBWIRE) -- 10/06/2015 -- UPS is an electrical device that provides instantaneous electrical backup from batteries during power outages. UPS systems are widely used in the various industries such as data center telecoms, IT, oil and gas, chemicals, and food processing. Based on type, UPS can be classified into: on-line, line-interactive, and standalone. The battery market for UPS is dominated by lead-acid battery technology, which will continue during the forecast period. However, Li-ion battery technology is expected to capture a share of the market from lead-acid battery technology during this period.
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Global battery market for UPS to grow at a CAGR of 8.61% over the period 2014-2019. The report covers the current scenario and growth prospects of the global battery market for UPS during 2015-2019. The market has been segmented on the basis of battery technology and geography.
Technavio's report, Global Battery Market for UPS 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers landscape of the global battery market for UPS and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
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Amara Raja Batteries
Su-Kam Power Systems
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