According to
TechSci Research report “India UPS
Market By Type, By Application, By Rating, Competition Forecast
& Opportunities,2012 – 2022”, the country’s UPS market is
projected to surpass $ 1 billion by 2022, on account of growing usage of UPS
systems as a power backup source for the smooth
functioning of enterprises in IT/ITES, BFSI and other sectors. In 2016, Schneider Electric and Numeric
Power Systems Limited accounted for more than 30% share in India UPS market,
and both of these players are expected to maintain their market dominance
during the forecast period as well. High product quality, strong distribution
channel and better after sales services are expected to further strengthen the
market position of these companies over the course of next five years.
Browse 15 market
data Tables and 44 Figures spread through 105 Pages and
an in-depth TOC on
Increasing penetration of UPS
systems in non-metro cities due to growing industrial and commercial
infrastructure in Tier II and Tier III cities, expanding commercial sector and
availability of customized power solutions are some of the other factors
anticipated to spur growth in India UPS market in the coming years. Southern
and western regions are the major demand generating regions in the country’s
UPS market, primarily owing to the presence of a large number of industries,
manufacturing plants, and IT/ITES and BFSI companies in these regions. Owing to
the ease of availability, low cost and wide usage across various sectors, less
than 5 kVA UPS segment accounted for the largest share in India UPS market in
2016.
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“By 2022,
installed solar capacity in India is expected to reach 100,000 MW. The
anticipated increase in solar capacity coupled with government initiatives such
as Make in India and Digital India are expected to boost demand for UPS systems
in India over the next five years. Moreover, huge investments and developments
in IT/ITES, BFSI, education, healthcare, retail and residential sectors would
have a positive impact on the country’s UPS market during the forecast period”,
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“IndiaUPS Market By Type, By Application, By
Rating, Competition Forecast & Opportunities, 2012 – 2022” has evaluated the future growth
potential of India UPS market and provides statistics and information on market
size, structure and trends. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in India UPS market.
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