India Ups Market
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India UPS Market, By Rating (<5kVA, 5.1-50kVA, 50.1-200kVA, >200kVA), By Application (Commercial, Industrial, Residential), By Type (Online, Offline), By Region (North, South, East, West) Trend Analysis, Competitive Market Share & Forecast, 2017-2027
- Published Date: November 2021
- Report ID: BWC1852
- Available Format: PDF
- Page: 115
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:
Attributes | Details |
Years Considered | Historical data – 2017-2020 |
Base Year – 2020 | |
Forecast – 2021 – 2027 | |
Facts Covered | Revenue in USD Billion |
Market Coverage | North India, South India, East India, and West India |
Product Service/Segmentation | By Rating, By Application, By Type, By Region |
Key Players | 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. |
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
- Research Framework
- Research Objective
- Product Overview
- Key Market Segments
- Research Methodology
- Qualitative Research
- Methodology
- Regional Split of Primary & Secondary Research
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Breakdown of Primary Research Respondents, By Industry Participants
- Market Size Estimation
- Assumptions for the Study
- Market Breakdown & Data Triangulation
- Executive Summary
- Industry Insight and Growth Strategy
- Value Chain Analysis
- DROC Analysis
- Market Drivers
- Prevalent Power Interruption Issue Of India
- Expanding Establishment of Data Centers
- Market Restraints
- Presence Of Alternative Power Sources
- Market Challenges
- Negative Impact of the COVID-19 Pandemic
- Market Opportunity
- Growing Demand of UPS from IT and BFSI Sectors
- Increasing Automation In The Industrial Sector
- Market Drivers
- Recent Developments
- Porter’s Five Forces Analysis
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Intensity of Rivalry
- Threat of New Entrants
- Threat of Substitutes
- India UPS Market Overview
- Market Size & Forecast by Value, 2017-2027
- Market Size and Forecast, By Segment
- 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
- By Rating
- Competitive Landscape
- List of Key Players and Their Offerings
- Market Share Analysis (2020)
- Competitive Benchmarking by Operating Parameters
- Impact of COVID-19 on India UPS Market
- Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
- 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
- Reillo Power India Pvt Ltd.
- Delta Power Solutions India Private Limited
- Other Prominent Players
- Key Strategic Recommendations
List of Figures
Figure 1: India UPS Market Segmentation
Figure 2: India UPS Market Value Chain Analysis,
Figure 3: Company Market Share Analysis, 2020
Figure 4: India UPS Market Size, By Value (USD Million), 2017-2027
Figure 5: India UPS Market Share (%), By Rating, By Value, 2017-2027
Figure 6: India UPS Market Share (%), By Application, By Value, 2017-2027
Figure 7: India UPS Market Share (%), By Type, By Value, 2017-2027
Figure 8: India UPS Market Share (%), By Region, By Value, 2017-2027
List of Tables
Table 1: India UPS Market Size, By Rating, By Value, 2017-2027
Table 2: India UPS Market Size, By Application, By Value (USD Million), 2017-2027
Table 3: India UPS Market Size, By Type, By Value (USD Million), 2017-2027
Table 4: India UPS Market Size, By Region, By Value (USD Million), 2017-2027
Table 5: Schneider Electric India Private Limited Financial Analysis
Table 6: Schneider Electric India Private Limited Business Overview
Table 7: Numeric Power Systems Limited Financial Analysis
Table 8: Numeric Power Systems Limited Business Overview
Table 9: Emerson Network Power Private Limited Financial Analysis
Table 10: Emerson Network Power Private Limited Business Overview
Table 11: Hitachi Hi-Rel Power Electronics Private Limited Financial Analysis
Table 12: Hitachi Hi-Rel Power Electronics Private Limited Business Overview
Table 13: Microtek International Private Limited Financial Analysis
Table 14: Microtek International Private Limited Business Overview
Table 15: Eaton Power Quality Private Limited Financial Analysis
Table 16: Eaton Power Quality Private Limited Business Overview
Table 17: Socomec Innovative Power Solutions Financial Analysis
Table 18: Socomec Innovative Power Solutions Business Overview
Table 19: Consul Neowatt Power Solutions Private Limited Financial Analysis
Table 20: Consul Neowatt Power Solutions Private Limited Business Overview
Table 21: Reillo Power India Pvt Ltd. Financial Analysis
Table 22: Reillo Power India Pvt Ltd. Business Overview
Table 23: Delta Power Solutions India Private Limited Financial Analysis
Table 24: Delta Power Solutions India Private Limited Business Overview
Market Segmentation
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
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