UPS Battery

UPS Battery Market Outlook

The global UPS battery market is projected to reach approximately USD 19 billion by 2035, fostering a robust compound annual growth rate (CAGR) of around 8% over the forecast period from 2025 to 2035. This growth can be attributed to an increasing demand for uninterrupted power supply systems, driven by the rapid expansion of data centers and the growing reliance on electronic devices in various sectors. Moreover, the rise in renewable energy systems and the need for energy storage solutions are also significant factors propelling market growth. Additionally, as businesses become increasingly reliant on technology and digital infrastructure, the necessity for reliable UPS systems to prevent operational disruptions and data loss is becoming a priority. Furthermore, advancements in battery technology are enhancing the performance and efficiency of UPS systems, further fueling market expansion.

Growth Factor of the Market

The UPS battery market is experiencing robust growth due to several key factors. The increasing incidence of power outages and fluctuations in electrical supply have compelled businesses and consumers to invest in reliable backup power systems, ensuring continuity in operations. Furthermore, the expansion of the IT and telecommunications sectors, with their high demand for constant uptime, has significantly contributed to the market's growth. As more industries transition toward digitalization and automation, the need for commercial UPS systems becomes even more critical. Additionally, the burgeoning e-commerce sector has increased the demand for efficient power management solutions to support logistics and warehousing operations, further driving growth in the UPS battery market. Sustainability is also a growing concern, leading to a shift towards more eco-friendly battery options, such as lithium-ion technology, which enhances lifecycle and efficiency. Lastly, government initiatives promoting renewable energy adoption are creating opportunities for integrating UPS systems with solar and wind energy solutions, boosting market growth.

Key Highlights of the Market

• The global UPS battery market is expected to grow at a CAGR of 8% from 2025 to 2035.
• Data centers are the largest application segment, driven by the increasing demand for uninterrupted power supply.
• Lithium-ion batteries are gaining traction due to their superior energy density and efficiency compared to traditional battery types.
• The IT and Telecom sector is a significant end-user of UPS batteries, necessitating reliable power solutions for operations.
• North America holds the largest market share, attributed to its advanced infrastructure and high demand for UPS systems.

By Type

Valve Regulated Lead Acid (VRLA) Batteries

Valve Regulated Lead Acid (VRLA) batteries are widely used in UPS systems due to their compact design and maintenance-free operation. These batteries utilize a sealed design that prevents electrolyte spillage, making them suitable for various applications, including data centers and telecommunications. The ability to operate in different orientations without compromising safety adds to their appeal in critical environments. VRLA batteries boast a long service life and a high cycle count, providing a reliable power source. Their cost-effectiveness and availability further contribute to their popularity in the UPS market. As industries continue to seek reliable and efficient power solutions, VRLA batteries are expected to maintain a significant share of the market.

Flooded Lead Acid Batteries

Flooded lead-acid batteries have been a traditional choice for UPS systems, particularly in industrial applications where high power capacity is required. These batteries are characterized by their liquid electrolyte, which allows for excellent charge retention and capacity. Despite requiring regular maintenance and ventilation due to gas emissions, flooded lead-acid batteries are valued for their robustness and low initial cost. They are commonly used in large-scale applications, such as data centers and manufacturing facilities, where heavy-duty performance is essential. However, as technology advances, there is a gradual shift towards more advanced battery types, but flooded lead-acid batteries remain relevant due to their reliability and cost-effectiveness.

Lithium-ion Batteries

Lithium-ion batteries are revolutionizing the UPS battery market with their high energy density, efficiency, and reduced weight. They offer a longer lifespan compared to traditional lead-acid batteries, translating to lower total cost of ownership over time. The rapid advancements in lithium-ion technology have resulted in improved charging and discharging cycles, making them ideal for applications requiring quick responsiveness, such as data centers and commercial facilities. Furthermore, their environmentally friendly characteristics and lower maintenance requirements position them as a preferred choice for modern power solutions. With the growing emphasis on sustainability and energy efficiency, the adoption of lithium-ion batteries in UPS systems is expected to surge, thereby significantly impacting market dynamics.

Nickel-Cadmium Batteries

Nickel-cadmium (NiCd) batteries are known for their high discharge rates and robust performance, making them suitable for demanding applications in harsh environmental conditions. Their resilience to extreme temperatures and ability to deliver high currents quickly makes them a reliable option for industrial UPS systems. Despite being relatively more expensive than lead-acid variants, their long cycle life and durability offset the initial costs, particularly in situations requiring frequent cycling. NiCd batteries are particularly beneficial in telecommunication and emergency lighting applications, where consistent and dependable power supply is critical. However, environmental concerns regarding cadmium have prompted a shift towards cleaner alternatives, impacting the long-term growth potential of this battery type.

Others

The "Others" category in the UPS battery market comprises various emerging technologies and specialized battery types that cater to niche applications. This segment includes newer innovations in battery chemistry, such as sodium-ion batteries and flow batteries, which are being explored for their potential advantages in energy storage and cycle longevity. These alternative battery technologies are gaining traction due to the increasing focus on sustainability and energy efficiency, as they often feature less environmental impact compared to traditional options. With ongoing research and development efforts, this segment is poised for growth, particularly as industries seek innovative solutions to address their specific power needs while minimizing their carbon footprint.

By Application

Data Centers

Data centers are one of the primary applications for UPS systems, requiring uninterrupted power supply to ensure the continuous operation of servers and critical infrastructure. The escalating demand for cloud computing services, big data analytics, and digital storage has intensified the reliance on data centers, driving the need for robust UPS solutions. UPS systems provide an essential safeguard against power outages, fluctuations, and surges, protecting sensitive equipment and preventing data loss. As data centers increasingly adopt advanced technologies, such as virtualization and automation, the requirement for high-capacity and efficient UPS batteries is expected to soar. Consequently, this application segment is projected to witness substantial growth, contributing notably to the overall UPS battery market expansion.

Industrial UPS

Industrial UPS systems are vital for protecting critical machinery and processes in manufacturing and industrial settings. These systems are designed to handle large loads and maintain power during outages, ensuring uninterrupted operations and minimizing production downtime. Industries such as oil and gas, pharmaceuticals, and manufacturing rely heavily on industrial UPS solutions to safeguard their equipment and processes. The increasing emphasis on operational efficiency and reliability in industrial environments is driving the demand for UPS systems tailored to these needs. As industries continue to modernize their facilities and upgrade their power infrastructure, the industrial UPS application segment is anticipated to grow significantly, bolstering the UPS battery market.

Commercial UPS

Commercial UPS systems are essential for businesses across various sectors, ensuring that critical operations can continue without interruption during power disturbances. These systems are employed in office buildings, retail environments, and healthcare facilities to protect electronic equipment, sensitive data, and customer experiences. The growing reliance on technology for business continuity, particularly in sectors such as retail and healthcare, is driving the adoption of commercial UPS solutions. The need for reliable power supply to support electronic payment systems, medical equipment, and IT infrastructure is paramount, fueling growth in this application segment. As businesses increasingly recognize the importance of power reliability, the demand for commercial UPS systems is expected to rise, positively impacting the UPS battery market.

Residential UPS

Residential UPS systems are gaining popularity as homeowners increasingly seek reliable backup power solutions for their homes. With the growing reliance on smart home devices and home office setups, there is a heightened consumer demand for UPS systems that can protect electronics and maintain internet connectivity during power outages. As extreme weather events become more frequent and unpredictable, homeowners are investing in UPS systems to mitigate the impact of outages on their daily lives. The availability of compact and affordable UPS solutions tailored for residential use is further driving this market segment. As consumer awareness of power reliability increases, the residential UPS application segment is projected to witness steady growth, contributing to the overall expansion of the UPS battery market.

Others

The "Others" application segment encompasses various specialized uses of UPS systems in unique settings. This includes applications in sectors such as education, hospitality, and military, where stable power supply is crucial for operations. In educational institutions, UPS systems protect critical IT infrastructure and support digital learning environments, while in hospitality, they ensure seamless guest experiences by maintaining power to essential services. The military also relies on UPS systems for backup power in operations and communications in challenging environments. As these diverse sectors recognize the importance of uninterrupted power, the "Others" application segment is expected to grow, further diversifying the UPS battery market.

By End User

IT & Telecom

The IT and telecommunications sector is one of the largest end-users of UPS systems, driven by the essential need for continuous power supply to maintain operations and safeguard data integrity. With the increasing reliance on cloud computing, data centers, and communication networks, the demand for reliable UPS solutions has surged. UPS systems protect critical infrastructure from power fluctuations and outages, ensuring seamless connectivity and business continuity. As the IT landscape continues to evolve with emerging technologies such as 5G and IoT, the need for dependable power solutions is expected to grow significantly. Consequently, the IT and Telecom end-user segment is anticipated to contribute substantially to the overall growth of the UPS battery market.

BFSI

The Banking, Financial Services, and Insurance (BFSI) sector operates in a highly regulated environment where continuous power supply is critical for processing transactions and maintaining customer trust. UPS systems in this sector ensure uninterrupted operations in banks, stock exchanges, and insurance companies, protecting sensitive financial data and preventing losses during outages. With the increasing digitization of financial services and the rapid adoption of online banking, the demand for robust UPS solutions is on the rise. Regulatory compliance further drives the need for reliable power systems, as financial institutions must adhere to stringent standards for data protection and operational continuity. Thus, the BFSI end-user segment plays a significant role in shaping the UPS battery market.

Healthcare

The healthcare sector relies heavily on UPS systems to ensure the continuous operation of medical equipment and protect patient safety. In hospitals and healthcare facilities, UPS systems provide backup power for critical operations, including life-support systems, imaging equipment, and electronic health records. The increasing prevalence of medical devices and digital solutions in healthcare underscores the need for reliable power solutions. Additionally, as healthcare systems become more digitized and interconnected, the demand for UPS systems that can safeguard critical data and operations continues to grow. The healthcare end-user segment is expected to see substantial growth, driven by the sector's ongoing transformation and the paramount importance of power reliability.

Retail

The retail sector is increasingly adopting UPS systems to ensure uninterrupted power supply for electronic payment systems, point-of-sale terminals, and inventory management systems. As the retail landscape becomes increasingly digital, the reliance on technology for seamless customer experiences has heightened the need for reliable UPS solutions. Retailers must protect their systems from power disruptions that could result in lost sales and customer dissatisfaction. Furthermore, the growth of e-commerce and online shopping has intensified the need for efficient power management in warehousing and distribution centers. As retail operations continue to evolve with technology, the demand for UPS systems in this sector is anticipated to grow, positively influencing the UPS battery market.

Others

The "Others" end-user segment encompasses a diverse range of industries that utilize UPS systems for various applications. This includes sectors such as education, government, hospitality, and manufacturing, where reliable power supply is essential for operations. In educational institutions, UPS systems protect critical IT infrastructure and support digital learning environments, while in government buildings, they ensure the continuity of services and information security. The hospitality industry relies on UPS systems to maintain guest experiences and operational efficiency. As awareness of the importance of power reliability continues to grow across industries, the "Others" end-user segment is expected to contribute significantly to the overall expansion of the UPS battery market.

By Sales Channel

Direct Sales

The direct sales channel for UPS batteries involves manufacturers or authorized distributors selling their products directly to customers. This model allows companies to establish a direct relationship with end-users, offering tailored solutions to meet specific needs. Direct sales are particularly beneficial for large-scale projects, such as data centers and industrial applications, where customized UPS systems and technical support are essential. This channel enables manufacturers to provide comprehensive after-sales services, enhancing customer satisfaction and loyalty. With the increasing demand for high-performance UPS systems, the direct sales channel is expected to play a crucial role in the market, allowing manufacturers to capture market share and maintain competitive advantage.

Indirect Sales

The indirect sales channel encompasses a network of third-party distributors, resellers, and retailers that facilitate the sale of UPS batteries to end-users. This channel provides manufacturers with broader market reach and access to diverse customer segments. Indirect sales are particularly advantageous for smaller businesses and residential customers who may prefer to purchase through local retailers or online platforms. The growing trend of e-commerce and online sales is further enhancing the effectiveness of this channel, as consumers seek convenience and accessibility. As the UPS battery market expands, the indirect sales channel is poised for growth, enabling manufacturers to cater to a wider audience and respond to evolving consumer preferences.

By Region

The UPS battery market is witnessing significant growth across various regions, with North America leading the charge due to its advanced infrastructure and high demand for uninterrupted power supply solutions. The North American market is projected to reach around USD 8 billion by 2035, capturing a substantial share of the global market. The region's focus on technological advancements and the proliferation of data centers are key factors driving the adoption of UPS systems. Furthermore, stringent regulations governing data security and reliability in sectors such as BFSI and healthcare further underscore the importance of robust UPS solutions in the North American landscape. With a CAGR of approximately 7.5% from 2025 to 2035, the North American UPS battery market is expected to showcase consistent growth.

In Europe, the UPS battery market is also thriving, driven by the increasing focus on renewable energy integration and the growing demand for energy-efficient solutions. The European market is expected to reach approximately USD 5 billion by 2035, with significant contributions from countries such as Germany, the UK, and France. The region's commitment to sustainability and carbon reduction initiatives is propelling the adoption of advanced battery technologies, particularly lithium-ion systems. Additionally, the expansion of e-commerce and data-driven industries in Europe is bolstering the demand for reliable UPS systems. As businesses prioritize power reliability and efficiency, the European UPS battery market is poised for robust growth in the coming years.

Opportunities

The UPS battery market presents numerous opportunities for manufacturers and stakeholders, particularly in the context of technological advancements and evolving consumer needs. As industries increasingly prioritize sustainability and energy efficiency, there is a growing demand for eco-friendly battery solutions. Manufacturers have the opportunity to innovate and develop advanced battery technologies that not only meet performance requirements but also align with environmental goals. The shift towards renewable energy sources further creates opportunities for integrating UPS systems with solar and wind energy solutions, providing backup power while promoting cleaner energy usage. Additionally, as the e-commerce sector continues to expand, there is a need for UPS solutions tailored for logistics and warehousing, presenting a lucrative market for manufacturers to explore.

Emerging markets also hold significant potential for growth in the UPS battery sector. With rapid urbanization, increasing industrialization, and growing infrastructure development, regions such as Asia Pacific and Latin America are expected to witness a surge in demand for reliable power supply solutions. As more businesses and consumers in these regions recognize the importance of UPS systems for protecting electronic devices and ensuring operational continuity, manufacturers can capitalize on these opportunities by offering tailored solutions that cater to specific regional needs. Furthermore, partnerships and collaborations with local distributors can enhance market penetration and facilitate growth in these emerging markets.

Threats

The UPS battery market is not without its challenges, with several threats posing potential risks to growth and profitability. One of the primary threats is the rapid pace of technological change, which necessitates continuous innovation and adaptation by manufacturers. Companies that fail to keep pace with advancements in battery technology may find themselves at a competitive disadvantage. Additionally, fluctuating raw material prices and supply chain disruptions can impact manufacturing costs and pricing strategies, affecting overall profitability. Furthermore, as sustainability becomes a critical concern, manufacturers may face increasing scrutiny regarding the environmental impact of their products, necessitating investments in cleaner and more sustainable technologies.

Moreover, competition in the UPS battery market is intensifying, with numerous players vying for market share. This heightened competition can lead to price wars and reduced profit margins, particularly for manufacturers offering similar products. Additionally, the emergence of alternative energy storage solutions, such as flow batteries and advanced lithium-ion technologies, adds pressure to traditional UPS systems, potentially cannibalizing market share. Companies must remain vigilant and agile to navigate these challenges and leverage opportunities for growth in an evolving landscape.

Competitor Outlook

• Schneider Electric
• Vertiv Holdings Co.
• Eaton Corporation
• Siemens AG
• Emerson Electric Co.
• ABB Ltd.
• CyberPower Systems, Inc.
• Tripp Lite
• APC by Schneider Electric
• Legrand
• Riello UPS
• Socomec Group
• Panasonic Corporation
• Exide Technologies
• Yuasa Battery Corporation

The competitive landscape of the UPS battery market is characterized by a diverse range of manufacturers and suppliers, each vying for market presence and customer loyalty. Key players such as Schneider Electric, Eaton Corporation, and Vertiv Holdings Co. dominate the market, leveraging their extensive product portfolios and technological advancements to cater to various customer needs. These companies invest significantly in research and development to innovate and introduce cutting-edge UPS solutions that enhance energy efficiency and reliability. Furthermore, they often engage in strategic partnerships and collaborations to expand their market reach and enhance their service offerings.

Schneider Electric, a leading player in the UPS battery market, offers a wide range of UPS systems tailored for various applications, including data centers, industrial facilities, and commercial enterprises. The company's focus on sustainability and digital transformation aligns with the growing demand for energy-efficient solutions. Eaton Corporation, another major contender, is known for its innovative power management technologies and comprehensive UPS solutions that address the evolving needs of customers in sectors such as IT, healthcare, and manufacturing. The company's commitment to sustainability and energy efficiency positions it favorably in a market increasingly focused on eco-friendly solutions.

In addition to these market leaders, emerging players and niche companies are also making their mark in the UPS battery market. Companies such as CyberPower Systems and Tripp Lite are gaining traction by offering competitive products and value-added services that cater to specific customer segments, including residential and small business users. As the UPS battery market continues to evolve, manufacturers must adapt to changing consumer preferences and technological advancements to maintain relevance and capitalize on growth opportunities.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Legrand
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 ABB Ltd.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Riello UPS
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Siemens AG
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Tripp Lite
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Socomec Group
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Eaton Corporation
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Exide Technologies
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Schneider Electric
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Vertiv Holdings Co.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Emerson Electric Co.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Panasonic Corporation
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 CyberPower Systems, Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 APC by Schneider Electric
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Yuasa Battery Corporation
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 UPS Battery Market, By Type
    • 6.1.1 Valve Regulated Lead Acid (VRLA) Batteries
    • 6.1.2 Flooded Lead Acid Batteries
    • 6.1.3 Lithium-ion Batteries
    • 6.1.4 Nickel-Cadmium Batteries
    • 6.1.5 Others
  • 6.2 UPS Battery Market, By End User
    • 6.2.1 IT & Telecom
    • 6.2.2 BFSI
    • 6.2.3 Healthcare
    • 6.2.4 Retail
    • 6.2.5 Others
  • 6.3 UPS Battery Market, By Application
    • 6.3.1 Data Centers
    • 6.3.2 Industrial UPS
    • 6.3.3 Commercial UPS
    • 6.3.4 Residential UPS
    • 6.3.5 Others
  • 6.4 UPS Battery Market, By Sales Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Indirect Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 UPS Battery Market by Region
  • 10.3 Asia Pacific - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 India
      • 10.3.1.2 China
      • 10.3.1.3 Japan
      • 10.3.1.4 South Korea
  • 10.4 Latin America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 Brazil
      • 10.4.1.2 Argentina
      • 10.4.1.3 Mexico
  • 10.5 North America - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 USA
      • 10.5.1.2 Canada
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global UPS Battery market is categorized based on

By Type

• Valve Regulated Lead Acid (VRLA) Batteries
• Flooded Lead Acid Batteries
• Lithium-ion Batteries
• Nickel-Cadmium Batteries
• Others

By Application

• Data Centers
• Industrial UPS
• Commercial UPS
• Residential UPS
• Others

By End User

• IT & Telecom
• BFSI
• Healthcare
• Retail
• Others

By Sales Channel

• Direct Sales
• Indirect Sales

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Schneider Electric
• Vertiv Holdings Co.
• Eaton Corporation
• Siemens AG
• Emerson Electric Co.
• ABB Ltd.
• CyberPower Systems, Inc.
• Tripp Lite
• APC by Schneider Electric
• Legrand
• Riello UPS
• Socomec Group
• Panasonic Corporation
• Exide Technologies
• Yuasa Battery Corporation