Report Overview

India UPS market is growing at a high rate because of the growing installations of high-end electronic equipment and machinery in industrial set-ups, along with growing need for continuous and smooth power supply in various end-use sectors including residential, commercial and industrial.

India UPS Market- Industry Trends & Forecast Report 2027

The India UPS market is thriving and estimated to grow at a CAGR of 8.0% during  the forecast period. The growing use of high-end electronic equipment and machinery in industrial settings is expected to contribute to the increased demand for high-end UPS. Additionally, the increasing penetration of the IT/ITES sector in Tier-II & Tier-II cities of the country is also anticipated to boost the demand for UPS systems in the coming years. Also, the growing need for continuous and smooth power supply in various end-use sectors, including residential, commercial and industrial, is providing lucrative growth opportunities to the India UPS market.

India UPS Market- Overview

UPS, also known as uninterrupted power source, is a device that provides power when the input load is extremely low or when the load fails entirely. It protects the devices from critical loads from utility-supplied power problems, such as fluctuations and power outages, brownouts, spikes, etc. There are three major types of UPS systems i.e. online double conversion, line-interactive, and offline. These systems are categorized based on how the power moves through the unit.

India UPS Market Forecast and Trends

Growth Drivers

Prevalent Power Interruption Issue Of India

In India, power cuts are so frequent that citizens no longer question the authorities. As an alternative, both residential and commercial companies turn to power supply sources like UPS to resolve this issue. The ‘blackout’ crisis is always looming in the country due to various factors, such as heavy rainfall restricting the supply of coal, underproduction of imported coal-based power plants, etc. Such factors contribute to the growing demand for UPS to keep operations moving.

Expanding Establishment of Data Centers

India is emerging as a major cloud computing and data center service provider around the world, which is estimated to fuel the demand for UPS in the coming years. UPS is one of the crucial components of a data center as it maintains the infrastructure until consistent power returns. UPS systems also secure uptime of large data centers and provide facility-wide protection for sensitive electronics. With increasing investment towards the construction of data centers, the demand for UPS is estimated to surge during the forecast period, propelling the overall market growth.

Restraints

Presence Of Alternative Power Sources

The presence of alternative technologies for power sources acts as a major restraining factor for the India UPS market growth. A sealed battery is one of the most commonly used power sources which acts as an alternative for UPS. A flywheel is also used as an alternative to UPS due to its various benefits, such as small physical space requirement and acceptable operating temperature that are higher than the batteries. The industrial and commercial sectors, which are the most aware of these options, prefer to use them, stifling market expansion.

Impact of COVID-19 on India UPS Market

The COVID-19 pandemic tremendously halted the growth of the India UPS market. With thousands of recorded cases every day, India was one of the most severely affected countries by COVID-19, the government imposed a complete lockdown to curb the virus' spread. The increased power consumption in residential spaces was caused by people being quarantined to their homes and had compaies had to resort to work-from-home model..Furthermore, the COVID-19 situation also fueled the demand for cloud computing and services. All these factors led to a surge in the demand for UPS. However, restrictions on manufacturing and supply chains sabotaged the market during this period.

India UPS Market - By Rating

Based on ratings, the India UPS market is segmented into <5kVA, 5.1-50kVA, 50.1-200kVA, and >200kVA. Among these, the 50.1-200KVA rating segment accounts for the largest market share because of its prominent application in leading sectors, such as BFSI, cloud, and data service providers, among small and medium-sized enterprises, etc. A larger rating UPS system provides a higher output power factor and offers various benefits, such as easy installation, hassle-free capacity expansion, and easy maintenance. However, the 5.1-50kVA rating is also growing at a high rate because of its increasing adoption in the residential sector.

India UPS Market - By Application

Based on applications, the India UPS market is segmented into commercial, industrial, and residential. The commercial application of UPS holds the largest market share owing to the growing commercial sectors like public and private offices, restaurants, hospitals, cafes, etc. India is emerging as the major region in the service sector with expanding BFSI, IT and telecom, healthcare sector, which is estimated to contribute to the market demand for UPS in the forecast period. On the other hand, the industrial sector is also gaining traction because of rapid industrialization in the country.

India UPS Market - Regional Insights

Geographically, the India UPS market is segmented into North India, South India, East India, and West India. The Western region of the country accounts for the largest market share owing to the flourishing commercial and industrial sectors in this region. Gujarat and certain parts of Maharashtra, including Mumbai & Pune are witnessing substantial growth, which requires a constant power supply to keep their operations growing. This is significantly propelling the demand for UPS, driving its market growth. On the other hand, Southern India also covers a substantial share in the market because of the growing IT and telecom sector.

India UPS Market - Competitive Landscape

The leading players in the India UPS market are Schneider Electric India Private Limited, Numeric Power Systems Limited, Emerson Network Power Private Limited, Hitachi Hi-Rel Power Electronics Private Limited, Microtek International Private Limited, Eaton Power Quality Private Limited, Socomec Innovative Power Solutions, Consul Neowatt Power Solutions Private Limited, Riello Power India Pvt Ltd., Delta Power Solutions India Private Limited, and other prominent players.

The India UPS market is highly concentrated among big companies, such as Microtek, Okaya, Hitachi, etc., that offer high-power and long-lasting UPS. The companies launch a wide range of products to cater to the needs of various devices and industries. Furthermore, the adoption of competitive strategies, such as partnership, mergers, acquisition, collaborations, etc., is also prominent in this market.

Recent Development

• In November 2021, The Okaya Power Group has introduced "Okaya Royale," an exclusive new line of lithium batteries for home inverters and UPS with features such as battery percent, voltage, charge, and discharge status, as well as being lightweight and having a tiny footprint.

Scope of the Report:

By Rating

• <5kVA
• 5.1-50kVA
• 50.1-200kVA
• >200kVA

By Application

• Commercial
• Industrial
• Residential

By Type

• Online
• Offline

By Region

• North India
• South India
• East India
• West India