Market Overview
The India UPS battery market was valued at USD 139.65 million in 2023 and is expected to grow at a robust rate of 11.36% over the forecast period due to the country's growing reliance on electricity, growing commercial and industrial segments, and frequent power outages, which are especially common during peak consumption hours when an uninterrupted power supply is required. Therefore, in order for different economic sectors of the nation to operate effectively with minimal downtime, actions like installing UPS batteries are required.
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One essential part of a UPS system is a UPS battery. During a power outage or other power disruption, UPS batteries supply backup power to the UPS, guaranteeing that vital systems and equipment can remain online and functional. A UPS battery's lifespan varies based on its make and model, but most batteries should be changed every three to five years for normal life or every ten to fifteen years for long life. Housing complexes, telecom, BFSI, data centers, manufacturing, healthcare, railroads, and the travel and tourism industry all make extensive use of UPS batteries.
Burgeoning Advantages of UPS Battery in Data Centre
For example, Kokam.Co., Ltd. introduced a cutting-edge battery system for UPS in 2020. Data centers and banks are examples of mission-critical facilities that the battery was designed to support.
Government Plans Booming the Market Growth
An additional boost has come from the National e-Government Plan. The main objective of the project is to computerize and digitize many government offices and agencies, which necessitates a steady supply of electricity and will serve as a catalyst for the UPS industry's growth. The goal of other programs like Pradhan Mantri Kaushal Vikas Yojana (PMKVY) and Pradhan Mantri Gramin Digital Saksharta Abhiyaan (PMGDISHA) is to close the digital divide. The government's digitalization initiatives have been the main driver of the UPS battery market's development in India. It is anticipated that government projects, along with infrastructure improvements, economic expansion, and surveillance requirements, may accelerate market growth in the near future. The demand for UPS systems is therefore anticipated to increase as a result of such initiatives towards digital India.
Growing Attention Towards Green UPS Systems
Energy costs have rapidly increased in recent years, and consumers' awareness of environmental issues has grown. For these reasons, a number of businesses have created Green UPS technology, which is an uninterruptible power supply (UPS) that uses less energy. When compared to traditional UPS systems, green UPS designs can cut power consumption by up to 75%. As a result, one of the most important considerations for consumers when evaluating UPS products is their energy-efficiency design. Additionally, green UPS solutions have sophisticated thermal design and monitoring systems that lower heat production. As a result, the demand for green UPSs is expected to rise significantly during the forecast period due to the growing use of green UPS devices in a variety of applications, including telecommunications and IT networks. In June 2022, for example, market participant Vertiv introduced a number of uninterruptible power supply (UPS) options, such as the Vertiv Liebert EXM2 and the Vertiv Liebert ITA2- 30 kVA. People are switching to green UPS systems as a result of the technology's ability to make UPSs more ecologically friendly. As a result, the UPS battery market in India is anticipated to expand during the forecast period.
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ChallengesMechanical & Electrical Limitations
Various Government Initiatives Enhance the UPS Battery Market
Smart Cities
The Smart Cities Mission was launched by the Indian government in June 2015. Its objective is to support inclusive and sustainable cities that provide basic infrastructure, a fair standard of living for their citizens, a clean and sustainable environment, and the application of "smart" solutions. With the aim of developing a replicable model that would act as a guide for other aspirational communities, the focus was on equitable development. Implementing Intelligent Transportation Systems (ITS) is one way that smart cities manage traffic and road safety, lessen congestion, boost energy efficiency, and enhance citizen mobility. To guarantee operational availability during emergencies and power outages, this needs a reliable backup power source. As a result, it is anticipated that the need for UPS batteries will increase in the years to come.
BPO Scheme
The goal of the India BPO Promotion Scheme (IBPS) was to provide incentives for the establishment of 48,300 BPO/ITES seats nationwide. The USD 59.16 million budget is allocated to the states based on population. This would lay the groundwork for the upcoming wave of IT/ITS-led growth and help smaller cities build their infrastructure and labor capacity. As a result, the UPS battery market may expand nationwide.
Recent Developments
- The large companies are interested in the development and replacements of data centers. For example, in May 2022, Cisco Systems, Inc. launched its first data center in India. The company aimed to meet the growing demands of customers in relation to cyber protection and data localization. Consequently, Cisco Duo set up its first data center in India. Additionally, with this investment, Cisco aimed to build a future-proof and data-compliant information security infrastructure in India. In addition, this data center serves several industries, such as public sector, healthcare, and banking, financial services, and insurance. These factors might drive the growth of the UPS battery in India.
- In January 2022, the diversified Adani Group invested more than USD 55.72 million in two data center projects in Uttar Pradesh, India. According to the Uttar Pradesh government, two data centers are expected to be built in Noida sectors 62 and 80 and the demand of electricity is expected to rise in Noida. Therefore, the market for UPS batteries is expected to boost in the forecast period.
Market Segments
The UPS battery market in India is divided into segments based on size, region, application, type, and mode. The market is divided into lead-acid, lithium ion, nickel cadmium, and other types based on type. The market is divided into three segments based on modeinstallation, replacement, and maintenance & service. Data centers, manufacturing, IT/Ites, healthcare, housing complexes, BFSI, railways, telecom, MSMEs, travel & tourism, SOHOs, and other sectors are the market segments based on application. The market is divided into two segments based on sizesmall batteries and medium batteries. On the other hand, the small battery sub-segment is further divided into 12Ah and 7Ah. The medium battery sub-segment is further divided into four different sizes24Ah, 42Ah, 65Ah, 100Ah, and 200Ah. The market is divided into four regionsSouth India, North India, West India, and East India.
Market Players
India UPS battery market players include Exide Industries Limited, Amara Raja Batteries Limited, Luminous Power Technologies Pvt. Ltd, Su-Kam Power Systems Limited, HBL Power Systems Limited, Okaya Power Private Limited, V-Guard Industries Ltd, Fujiyama Power Systems Pvt Ltd, Jayachandran Industries Private Limited, and Green Vision Technologies Private Limited among others.
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|
Attribute |
Details |
|
Market Size Value in 2023 |
USD 139.65 million |
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Revenue Forecast in 2029 |
USD 261.20 million |
|
Growth Rate |
11.36% |
|
Base Year |
2023 |
|
Historic Data |
2019 – 2022 |
|
Estimated Year |
2024 |
|
Forecast Period |
2025 – 2029 |
|
Quantitative Units |
Revenue in USD Million, Volume in Thousand Units, and CAGR for 2019-2023 and 2024-2029 |
|
Report Coverage |
Revenue forecast, company share, growth factors, and trends |
|
Segments Covered |
Type Mode Application Size Region |
|
Regional Scope |
North India, West India, South India, East India |
|
Key Companies Profiled |
Exide Industries Limited, Amara Raja Batteries Limited, Luminous Power Technologies Pvt. Ltd, Su-Kam Power Systems Limited, HBL Power Systems Limited, Okaya Power Private Limited, V-Guard Industries Ltd, Fujiyama Power Systems Pvt Ltd, Jayachandran Industries Private Limited, Green Vision Technologies Private Limited |
|
Customization Scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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