Market Overview
The India UPS market, which was valued at USD 1,165.93 million in 2022, is anticipated to grow rapidly over the course of the forecast period, with a compound annual growth rate (CAGR) of 8.20% through 2030.
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A UPS (Uninterrupted Power Supply) device provides both backup and primary power in the case of a power outage. It is the cornerstone of the architecture for power protection. A UPS is typically used to protect electrical equipment, data centers, desktop computers, telecommunications devices, and other equipment from damage and possible data loss or significant business disruption in the event of unplanned power outages.
Revitalization Through Technologies Driving Market Growth
In the UPS market, local manufacturers, both branded and unbranded, vie for shelf space and the best deals. Aggressive strategies like alliances, mergers, acquisitions, and partnerships are therefore common. Growing demand-driven tactics have maintained the pace of technological innovation to provide customers with better offers. In order to introduce more sophisticated products, the industry is concentrating on conducting more research and development. The online UPS, the most popular piece of hardware for safeguarding any important electrical and electronic equipment or data from power outages and fluctuations, is one of the most advanced technologies. If the main supply or fluctuations surpass a certain threshold, a double-conversion UPS switches to battery mode automatically.
Green UPS Systems
Customers have become more environmentally conscious as a result of the recent sharp increase in energy costs. Many businesses have developed energy-efficient green UPS technology as a result of these factors. When comparing green UPS solutions to conventional UPS designs, UPS systems' power consumption dropped by as much as 75%. The energy efficiency of the design is therefore one of the key elements that buyers take into account when assessing UPS systems. Furthermore, heat production is decreased by the enhanced monitoring and thermal design technologies of green UPS systems. Therefore, it is expected that the demand for green UPS will rise significantly over the forecast period due to an increase in the use of green UPS devices in a variety of applications, such as IT networks and telecommunications.
Transformer-less UPS Systems
To manage high voltages, transformer-free UPS systems use an Insulated Gate Bipolar Transistor (IGBT) in place of the bulky, costly, and noisy transformer component. Its smaller and lighter size makes it easier to install and transport, lowering the initial investment and ongoing operating costs. Among the many noteworthy advantages of the transformer-less UPS are its reduced size and weight, improved performance (particularly at lower loads), reduced noise and heat generation, affordability, ease of installation, and user-friendliness.
Need For High-Quality, Efficient UPS for Continuous Power Supply
Over the course of the forecast period, the market for UPS solutions is anticipated to grow significantly due to the need for a reliable and efficient system that provides a steady power supply. Therefore, it is more important than ever to understand that peak usage necessitates a consistent power supply. As a result, India's growing population raises the demand for a steady power supply, which in turn drives up demand for high-quality UPS systems. Major manufacturing facilities, healthcare facilities, telecoms, and other end users in the commercial and residential sectors are realizing the importance of the modular uninterruptible power supply's (UPS) effective power storage capabilities and power protection. Furthermore, it is projected that one of the key drivers of this market's expansion will be the requirement to shield linked devices from frequent power fluctuations. The damage caused by downtime is minimized by the prudent use of these devices against power surges, voltage drops, and frequency distortions in addition to the emergency need for power.
The demand for UPS products is also influenced by human error, such as overload and operational accidents, and natural disasters, such as cyclones and heavy rainfall, which make it difficult to provide a continuous power supply. The aforementioned factors make it difficult for power providers to supply enough electricity to run electrical appliances smoothly. Smaller uninterruptible power supply (UPS) devices are used to address these issues by acting as an interface between the connected devices and the primary power source, assisting in providing reliable power backup during power supply fluctuations.
Therefore, during the forecast period, the demand for reliable, efficient UPS systems to sustain power demand during peak hours and in remote and urban areas is anticipated to propel the growth of the India UPS market.
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Need for Emergency Power in Remote Areas
Many economic activities in developing nations like India depend on a consistent and uninterrupted power supply. Remote locations require a reliable power supply, particularly during storms, grid issues, and power outages across various industries. For example, emergency medical care facilities in remote areas, especially those without easy access to hospitals and without grid power, need electricity to power their medical appliances (or equipment). Such sites necessitate remote power consumption and economical solutions. Medical facilities therefore rely on power backup solutions to get around this problem, which would raise demand for UPS systems.
Advancement in Self-Diagnostic Features
Businesses are investing more in providing highly dependable UPS systems with self-diagnostic capabilities as a result of technological advancements. Self-diagnostic UPS systems are essential for commercial sectors like retail, data centers, industries, and others because they guard against hardware damage during power outages. During downtime, a self-diagnostic UPS makes sure that the appliances (or equipment) have a sufficient power supply and keeps them operating even when the input voltage is within an ideal range. Software and communication solutions, remote UPS monitoring solutions, and battery management solutions are just a few of the self-diagnostic UPS features.
Applications for remote UPS monitoring, for example, continuously track the operation of UPS systems and produce warning indicators of impending events, such as declining performance, battery overheating, and real-time notifications. Before any significant outages happen, these features give technical staff proactive ways to fix time-sensitive issues.
Furthermore, communications and software have a significant impact on UPS system adoption. UPS hardware-software communication has advanced with the growth of electric networks. The primary advancement in power management software is due to the development of automated features such as trending analysis, data accumulation for report generation, and remote notifications via SMS and email. Because of these developments, UPS systems are becoming more flexible, dependable, and accessible, which reduces downtime, saves time and money, and boosts customer satisfaction in general.
RestraintHigh Technological Complexities
Due to the high technological complexity and lack of standards surrounding UPS products, domestic manufacturers have entered the market and are offering low-quality, inexpensive products that are either defective or only functional for a brief time. As a result, the authorized manufacturer market is suffering. The three main technological developments in UPS systems recently have been energy storage, modularity, and scalability. Every end-use sector has different needs. As a result, manufacturers find it challenging to meet these demands. For example, UPS must operate in hostile environments or extremely hot or cold temperatures for military applications. They need dependable solutions in these circumstances, but a spike in input voltage can cause technical malfunctions like overheating while the system is operating. Additionally, when dust clogs the air filters, overheating may happen. Battery replacement is the primary technological complexity related to UPS systems, which raises the product's maintenance expenses. The end user must replace the battery after three to ten years of use. Therefore, it is anticipated that during the forecast period, the growth of the India UPS Market will be constrained by the absence of standards and the high level of technological complexity.
Market Segmentation
Type, rating, application, sector, region, and company are the factors used to segment the UPS market in India. Based on type, we further divide the market into online, offline, and line interactive segments. The market segments based on rating include 5.1 kVA to 50 kVA, 50.1 kVA to 200 kVA, less than 5 kVA, and others. Additionally, we divide the market into four application-based segmentscommercial, industrial, government, and residential. Data centers, OEM (manufacturing), IT (not including data centers), BFSI, housing, healthcare, railroads, oil and gas, power, solar, and other sectors make up the market's sectoral divisions. Four regions divide the marketNorth, South, East, and West India.
Company Profiles
Novateur Electrical & Digital System Pvt. Ltd., Vertiv Energy Pvt Ltd., Schneider Electric India Pvt. Ltd., Delta Power Solutions India Private Limited, Fuji Electric Consul Neowatt Private Limited, Microtek International Private Limited, Riello Power India Pvt Ltd., Eaton Power Quality Private Limited (India), Socomec Innovative Power Solutions Pvt. Ltd, Hitachi Hi-Rel Power Electronics Private Limited are some of the top players of India UPS Market.
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|
Attribute |
Details |
|
Market size value in 2022 |
USD 1,165.93 Million |
|
Revenue Forecast in 2030 |
USD 2,073.94 Million |
|
Growth Rate |
8.20% |
|
Base Year |
2022 |
|
Historical Years |
2018 – 2021 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2030 |
|
Quantitative Units |
Revenue in (USD million), Volume (Thousand Units) and CAGR for 2018-2022 and 2023E-2030F |
|
Report Coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
|
Segments Covered |
Type Rating Application Sector |
|
Regional Scope |
South India, West India, North India, East India |
|
Key Companies Profiled |
Novateur Electrical & Digital System Pvt. Ltd., Vertiv Energy Pvt Ltd., Schneider Electric India Pvt. Ltd., Delta Power Solutions India Private Limited, Fuji Electric Consul Neowatt Private Limited, Microtek International Private Limited, Riello Power India Pvt Ltd., Eaton Power Quality Private Limited (India), Socomec Innovative Power Solutions Pvt. Ltd, Hitachi Hi-Rel Power Electronics 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/pdf format on special request) |
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