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New York, May 27, 2021 (Global News)-Reportlinker.com announced the release of the report “Middle East and Africa UPS Battery Market Forecast to 2028-Impact of COVID-19 and Regional Analysis by Product Type and Application”- https://www.reportlinker.com/p06075719/?utm_source=GNW
The power shortage problem frequently encountered by countries in the region is driving the growth of the UPS battery market. Although several government policies are taking effect, emerging economies have not managed to achieve their goal of becoming a country with surplus electricity. Therefore, the UPS system is an inevitable demand in these countries. Currently, offices, enterprises and institutions are all driven by IT. Without mobile phones and computers, they cannot operate. In addition, the increase in the disposable income of households in developing countries in the multilateral environmental agreement area is driving the sale of electrical equipment such as refrigerators, AC power, TVs and microwave ovens, while insufficient power supply will prompt consumers to choose UPS systems. Therefore, continued power shortages; the growth of IT, banks, and small and medium-sized enterprises; the increase in consumer disposable income, and the support of the adoption of UPS applications in residential and commercial sectors, have promoted the development of the UPS battery market. In addition, UPS manufacturers are investing in research and development activities to introduce smaller UPS systems to expand their business in the field of small and medium enterprises, which will further promote the growth of the MEA UPS battery market in the next few years.
Turkey, Iran and South Africa are the main countries affected by the COVID-19 pandemic in the MEA. The pandemic has also affected Iraq, Israel, Morocco, Saudi Arabia and the UAE to a certain extent.
The operations of MEA UPS battery market participants are mainly affected by supply chain disruptions caused by the closure of national borders. In addition, during the lock-up period, various departments’ demand for UPS battery backup power has declined.
The COVID-19 pandemic has had a significant impact on the global economy, but due to the drop in oil prices, the economies of oil countries are under pressure, and the region has already been affected. In addition, business closures and travel bans have further exacerbated the economic problems of the country in the multilateral environmental agreement.
Therefore, the deterioration of economic conditions and industrial activities in MEA countries continues to limit the growth of the UPS battery market in the first half of 2021.
According to the application, the residential segment is expected to grow the fastest during the forecast period of the MEA area. Companies such as Exide Industries Ltd. provide a wide range of household UPS systems in MEA to enable electronic equipment such as air conditioners, fans, and lighting equipment to operate smoothly in the event of a power failure, thereby making them safer. All Exide Home UPS systems are developed for home use and are 100% reliable. The advantages of UPS systems (such as reliability, low cost, no power interruption, and smooth operation) are continuously expanding its demand in the residential sector, thereby driving the growth of the MEA UPS battery market in this field.
The market size of MEA UPS batteries is derived using primary and secondary sources. To begin the research process, detailed secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
This process is also used to obtain an overview and forecast of the MEA UPS battery market for all market segments in the region. In addition, several major interviews were conducted with industry participants to verify the data and obtain more information. Analytical insights on the topic.
Participants in this process include industry experts such as vice presidents, industry development managers, market intelligence managers and national sales managers, as well as external consultants such as valuation experts, research analysts and key opinion leaders who specialize in the MEA UPS battery market. Eaton Corporation plc, Exide Industries Limited, FIAMM Energy Technology SpA, Leoch International Technology Co., Ltd., Schneider Electric SE and Vertiv Group Corporation are all major players in the regional market.
Read the full report: https://www.reportlinker.com/p06075719/?utm_source=GNW
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