Press release
India Uninterruptable Power Supply (UPS) Market (Size, Share, Trends, Opportunities, Forecast) Outlook, 2023
India being a power shortfall country has a huge market for Power back up solution. There has been a developing pattern in perceiving UPS systems as a basic power back up gadget as about each association today utilizes PCs to smoother their work processes. Data centers, E-commerce business, servers, and industrial plant require abnormal state of continuous power supply and in this way producing critical interest for high power scope of UPS systems in India.
According to recently published report of Bonafide Research "India Uninterruptible Power Supply (UPS) Market Outlook, 2023" Increasing disposable income and expansion of industries have resulted in increased spending on UPS systems in India. The market is expected to grow with a CAGR of more than 8% from 2018-23. The UPS Market in India is currently depending on low range UPS Market Less than 5kVA constituting for over half of the total UPS market. The IT and IT enabled services (ITeS); banking, financial services and insurance (BFSI); government, manufacturing, telecom and energy sectors are currently witnessing a growing demand in India. Government initiative includes smart cities projects and national e-governance plan has pulled the demand of UPS systems. With the introduction of GST and BIS, organised players are playing safely in UPS market. On other hand, unorganised sector is continuously reducing and has been marginalised because of low profit margins.
Report Link: https://www.bonafideresearch.com/product/180330071/India-Uninterruptable-Power-Supply-(UPS)-Market-Outlook,-2023
"Power shortage all across India and technology advancement to conserve energy has pull the demand of power back solution. It has been observed that there is a growing demands for continuous power supply from Tier II and Tier III cities along with government initiatives." said Dhwipal Shah, Director with Bonafide Research
Technologies advancement that are used in the making of UPS systems are not only getting more efficient but also greener. Modern UPS systems offer the dual advantage of lower carbon footprint and greater energy efficiency. UPS suppliers are not limiting themselves to only supplying equipment. Instead, they are undertaking complete power management for their clients. The commercialization of solar power technology in UPS systems can provide a drastic cut in energy bills, the capital costs are on the higher side. Solar UPS systems are finding applications in large retail outlets in tier-II and tier-III cities where grid power is relatively unstable.
The accelerating change toward digitisation, Internet of Things (IoT), software as a service (SaaS) and cloud computing is giving a enormous enhance to the adoption of uninterruptible power supply (UPS) systems across different applications. It is expected that the demand of above 200kVA UPS system will increase in forecasted period due to continuous demand from data centers and industrial hubs.
Report: India Uninterruptible Power Supply (UPS) Market Outlook, 2023
Geography: India
Base Year: 2017
Estimated Year: 2018, Forecast Year: 2023
Pages: 115, Figures: 30, Tables: 20
"India Uninterruptable Power Supply (UPS) Market Outlook, 2023" discusses the following aspects of UPS in India.
- Global Uninterruptable Power Supply (UPS) Market Size By value & Forecast
- Global Uninterruptable Power Supply (UPS) Market Size By volume & Forecast
- India Uninterruptable Power Supply (UPS) Market size By Value & forecast
- India Uninterruptable Power Supply (UPS) Market Size By Volume & forecast
- Less than 5 kVA Uninterruptable Power Supply (UPS) Market Size By Value & Forecast
- Less than 5 kVA Uninterruptable Power Supply (UPS) Market Size By Volume & Forecast
- 5.1kVA to 30 kVA Uninterruptable Power Supply (UPS) Market Size By Value & Forecast
- 5.1kVA to 30 kVA Uninterruptable Power Supply (UPS) Market Size By Volume & Forecast
- 30.1kVA to 100 kVA Uninterruptable Power Supply (UPS) Market Size By Value & Forecast
- 30.1kVA to 100 kVA Uninterruptable Power Supply (UPS) Market Size By Volume & Forecast
- Above 100.1 kVA Uninterruptable Power Supply (UPS) Market Size By Value & Forecast
- Above 100.1 kVA Uninterruptable Power Supply (UPS) Market Size By Volume & Forecast
- Key Vendors in this market space
Major companies operating in the UPS market of India are Vertiv Energy Private Limited, Schneider Electric India Private Limited, Eaton Power Quality Private Limited, Delta Power Solution (India) Private Limited, Hitachi Hi-Rel Power Electronics Private Limited, Swelect Energy Systems Limited, Luminous Power Technologies Private Limited, Microtek International private limited, V-Guard Industries Limited, Su-Kam Power Systems Limited
This report can be useful to Industry consultants, manufacturers, suppliers, associations & organizations related to UPS industry or Power back up OEMs, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
Bonafide Research is one of the fastest growing market research and consulting company. Our report store have collection of 30,000 premium research reports for variety of industrial verticals. We are expert in syndicated research reports & custom research solutions across the domains. We have been closely working with fortune 500 clients by helping them in tracking the constantly changing market scenario. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day. Our client base consists of BCG, Ernst & Young, PwC, Inflexion, Nestle, Crompton Greaves, SRF, CPF, Aramax, Stainhoff, Welspun, Blaupunkt, Brookfield, Lindt, Storck, GCPL, ITC, Microtek, Anchor, Hero Eco, LG Chem, Sojitz Corp., Sumitomo, FMC Corp., Lutron and many more.
Steven Thomas
Bonafide Research & Marketing Pvt. Ltd.
Address: T-13/A, IndiaBulls Mega Mall, Jetalpur Road, Vadodara
Phone: +91 265 6551309 / +91 7878231309
Email: sales@bonafideresearch.com
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