INDIA UPS MARKET– FORECAST AND OPPORTUNITIES 2018 – 2028 MARKETwww.techsciresearch.comINTELLIGENCE.CONSULTING
S. No. Contents 1. Product Overview 2. Research Methodology 3. Executive Summary 4. Impact of Covid-19 on India UPS Market 5. Voice of Customer 5.1. Brand Awareness 5.2. Brand Satisfaction Level 5.4. Key Factors Considered while Purchasing UPS 5.5 Key Satisfaction Level 6. India UPS Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By Type (Online, Offline and Line Interactive) 6.2.2. By Rating (5.1kVA-50kVA, Less than 5KVA, 50.1kVA-200kVA and Others) 6.2.3. By Application (Residential, Commercial and Industrial) 6.2.4. By Sector (BFSI, OEM, Solar, Railways, Oil & Gas, Power, Healthcare, IT, Housing, Others) 6.2.5. By Region (North, East, West and South) 6.2.5. By Company (FY2022) 6.3. India UPS Market Map 6.3.1. By Type 6.3.2. By Rating 6.3.3. By Application 6.3.4. By Sector
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Table of Contents
7.1.2 India UPS Market in OEM Sector
7.2.1. India UPS Market in IT Sector
7.1.7. India UPS Market in Power Sector
9.2. Market Share & Forecast
9.2.1. By Type 9.2.2. By Rating 9.2.3. By Application
7.1.3. India UPS Market in BFSI Sector
7.1.4. India UPS Market in Healthcare Sector
Table of Contents
8.1. Market Size & Forecast 8.1.1. By Value & Volume
6.3.5 By Region
7. Revenue Trends of Various Sectors in India UPS Market
8.2. Market Share & Forecast 8.2.1. By Type 8.2.2. By Rating 8.2.3. By Application 8.2.4 By Sector
8. South India UPS Market Outlook
7.1.6. India UPS Market in Oil & Gas Sector
7.1.5. India UPS Market in Railway Sector
7.1.8. India UPS Market in Solar Sector
9. West India UPS Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
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10.1. Market Size & Forecast
9.2.4 By Sector
11. East India UPS Market Outlook
11.1.1. By Value & Volume
12. Market Dynamics 12.1. Drivers 12.2. Challenges 13. Market Trends and Developments 14. Policy & Regulatory Landscape 15. India Economic Profile
Table of Contents
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10.1.1. By Value & Volume
10. North India UPS Market Outlook
10.2. Market Share & Forecast 10.2.1. By Type 10.2.2. By Rating 10.2.3. By Application 10.2.4. By Sector
11.1. Market Size & Forecast
11.2. Market Share & Forecast 11.2.1. By Type 11.2.2. By Rating 11.2.3. By Application 11.2.4. By Sector
Schneider Electric India Private Limited 16.2. Microtek International Private Limited 16.3. Numeric Power Systems Limited 16.4. Hitachi Hi-Rel Power Electronics Private Limited 16.5. Vertiv Energy Pvt Ltd. 16.6. Eaton Power Quality Private Limited 16.7. Socomec Innovative Power Solutions 16.8. Fuji Electric India Pvt. Ltd 16.9. Reillo Power India Pvt Ltd. 16.10. Delta Power Solutions India Private Limited 16.11. Aplab Limited 16.12. Uniline Energy Systems Pvt.Ltd. 16.13. Renutron Power Solutions India 16.14. EnerTech UPS Pvt Ltd 16.15. ABP Power Solutions Pvt Ltd 16.16. ARVI Systems & Controls Pvt. Ltd 16.17. Hykon India Limited 16.18. Switching Avo Electro Power Limited 16.19. Power-One Micro Systems Private Limited 16.20. Powernet Solutions Pvt Ltd 17. Strategic Recommendations 18. About Us & Disclaimer
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Page No. 16. Company
16.1.
Table of Contents Contents Profiles
Product Overview
7© TechSci Research Product Overview Product of Interest: UPS Review Period 2018 – 2021 Base Year 2022 Estimated Year 2023 Forecast Period 2024 – 2028 Year RangeINDIA UPS MARKET BY RATING • 5.1kVA-50kVA • Less than 5KVA • 50.1kVA-200kVA • Others BY REGION • South India • West India • North India • East India UPS (Uninterrupted Power Supply) is a device that provides primary power as well as back up power in case of any power outage. It is the main component of power protection architecture. A UPS is primarily used to protect desktop PCs, telecommunication equipment, data centers, electrical equipment, etc. in case of an unexpected power outage that can cause damage to the equipment and lead to serious business disruption or data loss. UPS systems are widely used in residential, manufacturing, industrial, IT/ITES, BFSI, SME, healthcare, telecom, retail, education and government sectors. Market Segmentation BY TYPE • Online • Offline • Live Interaction BY APPLICATION • Commercial • Industrial • Residential
UPS Segment Ratings Low End (Less than 5 kVA) Up to 1 kVA 1 kVA-5 kVA Medium End (5 kVA – 200 kVA) 5 kVA – 20 kVA 20 kVA – 50 kVA 50 kVA – 200 kVA High End (200 kVA – 500 kVA) 200 kVA – 500 kVA Very High End (500 kVA – Above 800 kVA) 500.1 kVA – 800 kVA Above 800 kVA UPS Segment by kVA Source:
Product of Interest: UPS
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Offline UPS: It consists of an AC/DC & DC/AC inverter with a battery, switch, low pass filter and a surge suppressor. It is also called standby UPS. The system becomes operational by setting AC input as a primary source. Inverter remains on standby and becomes active only when power fails, and transfer switch transfers electrical load to the backup unit. It is primarily used in desktop computers, and its main advantages are small size, low cost, high efficiency, etc. TechSci Research
Online UPS has a double conversion power circuit with an inverter. These systems are used to provide continuous power supply to equipment. During load shed or blackouts, the supply is automatically switched to battery mode without any delay. Benefits of using an online UPS system are that it provides the highest level of protection from all types of power problems such as high voltage surges, frequency variation, etc. It is mainly used in IT/ITES industry, offices, banks, etc
Product Overview
Above 800 kVA: Above 800kVA UPS systems are used for large industrial applications such as textile industries, paper and pulp industries, petrochemicals, manufacturing, large-scale data centres, printing and stamping industries and pharmaceutical industries. Industrial UPS systems are designed for harsh environments and industrial applications may require multiple or parallel-redundant systems in order to withstand different loads within the same facility.
Product of Interest: UPS
Less than 5kVA: UPS systems with power ratings less than 5kVA are used in desktop PCs, laptops, desktop PCs, LCDs, Wi-Fi routers, CFLs, mobile chargers, modems, small offices, storage devices, network switches and electronic devices used in banks, hospitals, shopping malls, amusement parks, retail outlets, hotels, ITeS, educational and financial institutions, etc.
Product Overview
Above 200 kVA: UPS with power rating above 200kVA are majorly used in manufacturing plants, petrochemical industries, textile industries, printing & stamping accessories, hospitals, electronic industries etc. Hospitals and other healthcare sectors require uninterrupted power supply for proper functioning of devices used in critical operations such as devices deployed in surgery and emergency rooms that could otherwise, lead to data loss or medical errors which would completely ruin the entire process resulting in financial or monetary loss, etc. This arises the need for UPS systems for ensuring continuous and efficient power supply.
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5.1kVA-50kVA: UPS systems with power ratings between 5.1kVA-20kVA are basically used in hotels, semiconductor industries, SMBs, ATMs, counting machines, data centers, BPOs, IT/ITeS, BFSI, Telecom and hospitality sectors. Majority of the demand for UPS in this range emanates from hotel industry, on the back of growing need for ensuring a reliable and secure hotel information system, efficient power conditioning and proper functioning of hotel businesses.
50.1kVA-200kVA: UPS systems with power ratings in the range of 20.1kVA-60kVA are used in small & medium-sized commercial and industrial end-user segments including textile industries, data centres, IT/ITeS, petrochemical industries etc.
Research Methodology
Data obtained as a result of primary and validatedresearchsecondarywasthroughrigoroustriangulation.
The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about India UPS Market.
CollectionData Data Filter & Analysis Research Intelligence& ActionableInsights BusinessSolution Primary Research Desk Research Company Analysis Recent Developments Market Aspects/DynamicsChanging Government Policies Final Conclusion Market Participants Key Strengths LinkedIn TechSci DatabaseInternal LinkedIn TechSci DatabaseInternal Factiva Hoovers Factiva Hoovers Paid SourcesPaid Sources Company Websites Company Annual Reports White Paper Study Financial Reports PresentationsInvestor Regulatory Body Associations, etc. Company Websites Company Annual Reports White Paper Study Financial Reports PresentationsInvestor Regulatory Body Associations, etc. SecondarySecondaryResearchResearchPrimary ResearchPrimary Research
Developing List of Respondents
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In order to conduct industry formulatedinterviews,experts’TechSciadetaileddiscussionguide.
Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews
List of top companies and specialistsindustrywasdeveloped.
Research
CollectionData
QuestionnaireFormulatingProfilingMarket ValidationData AnalysisData
In-depth companiesmarketdetermineconductedresearchsecondarywastooverallsize,segmentalmarketsizeandtopinIndiaUPSMarket.
TechSci leadingindustryinterviewsconductedwithexpertsandcompaniesfordatacollectionandverification.
Methodology
Research Methodology
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Our dedicated team of industry experts has monitored and analyzed various aspects of India UPS Market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as supply push for booming business, government initiatives, growing demand for power backup solutions etc, and projected a steady growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in India UPS Market.
The team interviewed more than 15 companies, 20 industry experts and other value chain stakeholders in India UPS Market to obtain the overall market size during FY2018-FY2022, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the final market size data for the forecast period.
Methodology Followed for Calculation of Market Size: Market Size by Value & Volume: Market size, in terms of value & volume, for the year FY2022 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as UPS service providers, industry experts, etc.
Baseline Methodology
Methodology
Research
Respondents were asked about the current and future market growth rates, as well as market shares by type, by rating, by application, by sector, by region and by company. Removing the outlier response, the geometric mean of growth estimates and service provider-wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated based on the primary interview response from other stakeholders.
Methodology Followed for Forecasting:
TechSci Research performed logical checks on data collected through surveys and analyzed the results.
Methodology Followed for Calculation of Market Shares:
Market shares by type, by rating, by application, by sector, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading UPS service provider companies. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies in India UPS Market which was validated with the revenues reported by the service providers specific to their UPS market segment in various secondary sources.
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o Moving Average
o Time Series Analysis
Partial List of
Company Annual Reports, Press Releases, Industry Magazines, Industry Reports, Company Websites, World Bank, TechSci Research Proprietary Database & Knowledge Repository, Credible Paid Databases, Statistical Review of World Energy, Ministry of Electronics & Information Technology, UPS Manufacturers and Dealers Association(UMDA), India Energy Storage Alliance (IESA), among others.
Schneider Electric India Private Limited, Microtek International Private Limited, Numeric Power Systems Limited, Hitachi Hi-Rel Power Electronics Private Limited, Vertiv Energy Pvt Ltd, Eaton Power Quality Private Limited, Socomec Innovative Power Solutions, Fuji Electric India Pvt. Ltd, Reillo Power India Pvt Ltd, Delta Power Solutions India Private Limited, Aplab Limited, Uniline Energy Systems Pvt Ltd, Renutron Power Solutions India, EnerTech UPS Pvt Ltd, ABP Power Solutions Pvt Ltd, ARVI Systems & Controls Pvt. Ltd, Hykon India Limited, Switching Avo Electro Power Limited, Power-One Micro Systems Private Limited, among others.
Partial List of
Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India UPS Market, TechSci Research used various forecast techniques such as:
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in India. TechSci Research also used impact analysis during short, medium and long term period to estimate and analyze market demand scenario.
InterviewedCompanies
Research Methodology
Note: (a) Sum of some shares may not be 100% due to round off till two decimal places.
SourcesSecondary
(b) The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2023E, the data represents the period, 1st April 2022 to 31st March 2023.
o Econometric and Judgmental Analysis
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o Regression Analysis
Majorscanners.market
players operating in the India UPS market are Schneider Electric India Private Limited, Microtek International Private Limited, Numeric Power Systems Limited, Hitachi Hi-Rel Power Electronics Private Limited, Vertiv Energy Pvt. Ltd., Eaton Power Quality Private Limited, Socomec Innovative Power Solutions, Fuji Electric India Pvt. Ltd, Riello Power India Pvt. Ltd., Delta Power Solutions India Private Limited, Aplab Limited, Uniline Energy Systems Pvt.Ltd., Renutron Power Solutions India, EnerTech UPS Pvt. Ltd., ABP Power Solutions Pvt Ltd, ARVI Systems & Controls Pvt. Ltd, Hykon India Limited, Switching Avo Electro Power Limited, Power-One Micro Systems Private Limited, Powernet Solutions Pvt. Ltd.
“South India region is expected to account for the largest share of 32.13% in India UPS Market in FY2028. This region is expected to maintain its market dominance over the next five years owing to several investments and initiatives that are attributed to the rise of the market in South India region. Rising investment in the IT, cloud computing, data center, and manufacturing industry under the various government policies such as Make in India, Digital India, and the Atmanirbhar Bharat initiatives are the major factors driving the growth of India uninterruptible power supply systems market”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
Industry Brief
Growing demand for power backup solutions and supply push for booming business are driving the growth in India UPS Market during the forecast period.
According to TechSci Research report, “India UPS Market - By Region, Competition, Forecast & Opportunities, 2018-2028”, India UPS Market stood at INR84794.76 million in FY2022 and is expected to register a CAGR of 7.32% to reach INR127485.20 million by FY2028. With rising dependence on electricity in the country, expanding commercial and industrial segments, and power outages being a frequent occurrence in the country, specifically during peak consumption hours, an uninterrupted power supply has become a mandate. Therefore, measures such as installing UPS systems are an obvious necessity for the various economic segments of the country to work efficiently with negligible downtime. Furthermore, with clean energy being highly encouraged by the government and decentralization of the grid in the country using off-grid renewable resources such as wind and solar power, the green UPS has been gaining momentum in the country, further boosting opportunities for the India UPS Market.
The National e-Governance Plan, which intends to usher in an age of e-governance, has provided extra impetus. The initiative's major goal is to computerize and digitize numerous government offices and agencies, which requires a continuous supply of electricity, thereby creating a fulcrum for the expansion of the UPS industry. Furthermore, initiatives such as Pradhan Mantri Gramin Digital Saksharta Abhiyaan (PMGDISHA) and Pradhan Mantri Kaushal Vikas Yojana (PMKVY) aims to bridge the digital divide. Thus, such initiatives toward digital India are likely to drive India UPS Market. Power backup has become more popular in a variety of industry sectors. Numerous corporations consider UPS systems as a necessary power backup to enable ongoing operations throughout enterprises. Many manufacturing businesses, particularly oil and gas, petrochemical and refining, and vehicle design, use UPS systems for power backup to avoid data and productivity loss. Thus, the India UPS market shall thrive owing to the growing industrialization, growth in economy, and rising demand for electricity.
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The India UPS market is segmented into type, rating, application, sector, region, and company. Based on type, the market is further fragmented into online, offline and line interactive. Based on rating, the market is segmented into 5.1kVA-50kVA, less than 5KVA, 50.1kVA-200kVA, and others. Based on the kVA rating, the 5.1 kVA - 50 kVA rating devices are anticipated to register the highest revenue in the overall India UPS system market during the forecast period owing to high deployment of personal computers in the corporate, residential, E-commerce, healthcare and government sector. In addition, India is to become a manufacturing hub over the coming years with government efforts to support the continued expansion of various sectors. This is attributed to the growing application of such uninterrupted power supply systems in small and medium-scale applications for computers, printers, or
16© TechSci Research Sample Data - Snapshot FY2018 FY2019 FY2020 FY2021 FY2022 FY2023E FY2024F FY2025F FY2026F FY2027F FY2028F India UPS Market Size, By Value (INR Million), FY2018-FY2028F CAGRByFY2018-FY2022Value:xx% CAGRByFY2023E-FY2028FValue:xx% FY FY FY FY FY FY2 FY2 FY2 FY2 FY2 FY2 India UPS Market Share, By Type, By Value, FY2018-FY2028F FY2018 FY2019 FY2020 FY2021 FY2022 FY2023E FY2024F FY2025F FY2026F FY2027F FY2028F South India UPS Market Share, By Application, By Value, FY2018-FY2028F FY2018 FY2019 FY2020 FY2021 FY2022 FY2023E FY2024F FY2025F FY2026F FY2027F FY2028F South India UPS Market Size, By Volume (Units), FY2018-FY2028F CAGR FY2018-FY2022 By Volume: xx% CAGRByFY2023E-FY2028FVolume:xx%
Report
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About Us Disclaimer& TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports • Global UPS Market By kVA Range (Less than 5 kVA, 5.1 – 20 kVA, 20.1 – 60 kVA, 60.1 – 200 kVA, Above 200 kVA), By End User (Residential, Commercial & Industrial), By Region, Competition Forecast and Opportunities, 2011-2021 • Indonesia UPS Market By Type (Online and Offline), By Application (Commercial, Industrial and Residential), By Rating (5.1kVA-50kVA, Less than 5KVA, 50.1kVA-200kVA, 200.1kVA - 500kVA, Above 800kVA, and 500.1kVA - 800kVA), By Region, Competition Forecast & Opportunities, 2016-2026 • India Decentralized Cold Storage Market By Power Solution (Solar, Biomass, Others), By Storage Capacity (0-5MT, 6-10MT, 11-15MT), By Temperature Type (Chilled v/s Frozen), By Application (Dairy Products, Fruits & Vegetables, Meat Products, Others), By Region, Forecast & Opportunities, 2026 The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research. TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email:www.techsciresearch.comsales@techsciresearch.com Disclaimer TechSci Research – Europe 54, Old brook, UnitedPeterborough,Bretton,Kingdom Email:www.techsciresearch.comsales@techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email:www.techsciresearch.comsales@techsciresearch.com
