India UPS Market Revenue to Grow at 12% CAGR during 2013-18, Says TechSci Research
(PRWEB) September 20, 2013 -- Electricity generators are the need of every big organization today and battery-supported inverter systems have become common in Indian homes. According to the recently published TechSci Research report ‘India UPS Market Forecast & Opportunities, 2018’, the Indian UPS market revenue is expected to grow at the CAGR of around 12% during 2013-18. The majority of the Indian UPS market revenue is controlled by three leading companies i.e. Emerson, APC & Novateur, mentions the report.
The report analyses the developments and trends in the UPS market in India. According to the report the opportunity in the Indian UPS market has been well-known by global players in past few years and as a resultant, Indian UPS market witnessed the acquisition of many domestic UPS manufacturers by global giants. This can be observed with the entry of Cyber Power from Taiwan in the Indian UPS market, acquiring post-sales service assets of Hita Technologies. The company has presence in more than 50 countries around the world and aims at achieving around 25% market share within first 12 months of its entry.
‘India UPS Market Forecast & Opportunities, 2018’ analyses the various factors contributing to the growth of this market. It mentions that India being a power deficit nation has a large market for power backup products. Power deficit of around 12,000 MW has been registered in India during the financial year 2012-13 as a result of gas and coal scarcity along with less rains in the country. But there has been an increasing trend in recognizing UPS systems as an essential power backup device as nearly every organization today uses computers to smoothen their workflows. Growing e-Commerce, data centers, numbers of servers, and electronic & medical equipment needs high level of power supply for uninterrupted services and thus generating significant demand for high power range of UPS systems in India.
“The Indian UPS market has been largely dependent on the below 5kVA range of UPS systems in the past. However, this trend is set to change as there has been a growing application of UPS systems in industrial sector and the increasing load on Indian datacenter’s demand for the use of high end UPS systems. In addition to this, the increasing use of flexible modular UPS systems has made high end UPS systems very practical for industries, which intend to grow. Hence, it is expected that high end UPS systems will increase their market share in the Indian UPS market at a fast pace during the next five years,” said Mr. Karan Chechi, Research Director with TechSci Research.
‘India UPS Market Forecast & Opportunities, 2018’ has analyzed the potential of the Indian UPS market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyses the emerging trends along with essential drivers and key challenges faced by the industry.
Ken Mathews, TechSci Research, http://www.techsciresearch.com/, +1 646 360 1656, [email protected]
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