India Proving Fruitful for Uninterruptible Power Supply (UPS) Market Players
Posted by industryarc on August 9th, 2019
Based on topology, the UPS market can be segmented into online, line-interactive, and standby devices. These devices generally comprises of controlled components which can be coupled with other passive components cumulatively resulting in conversion like frequency alteration, ac-dc and vice versa to optimize the power supply. The IndustryARC’s report is titled “Uninterruptible Power Supply Market : By Power Rating (0-5 kVA, 5-50 kVA, 50-100 kVA, 100-500 kVA, Above 500 kVA); By Topology (Standby, Line Interactive, Online); By Application (Desktop, Cordless phone, Servers and Racks, Television and others); By End User (Residential, Commercial, Military, Marine, Data Centers, others); By Geography - Forecast(2018-2023).”
According to a recent business intelligence report from IndustryARC, a research and consulting firm, the revenue in the global uninterruptible power supply (UPS) market will grow at a healthy CAGR of 3.6% in terms of value over the forecast period of 2018 to 2023; the report estimates the market to be worth ,368.8 million as of 2017. Surging demand of continuous power supply from both commercial and residential sectors are primed to progress the market toward profitability. Additionally developing nations’ government’s initiatives to expand electricity network across rural areas are opening tremendous opportunities. For instance, the Indian government, since 2014, has electrified 23.9 million homes across 25 states. The country has also set ambitious goals for extracting energy from renewables, with solar power a paramount agenda.
View Full Table Of Content Of Uninterruptible Power Supply Market
Advancements in uninterrupted power supply devices have made them applicable for various new sectors such as industrial transport, pharmaceuticals, and bakery and confectionary. Extensive usage of power back-up systems across data centers, on which the dependency has escalated in the recent past with the rise of smartphone-driven data, is benefitting the market tremendously. E-commerce, data centers, servers, electronic equipment are the major segments that require high power range of UPS, thus generating significant demand for the devices.
Disruptive Market Trends:
Immigrant market players are reaching out to Indian companies to procure a well-established distributed network and value chain of the UPS systems which is the one of the current emerging trend. Depending on the regional level of power scarcity the demand of the market is fueling high on regional basis. However, pricing coupled with compatibility issues are foremost concerns among the industry which needs to be addressed.
Due to wide applications of UPS devices, research and development underway and promise innovation that will further stroke the demand in the uninterruptible power supply market. Some of the examples can be modular products and static UPS, which are broadly required to incorporate high efficiency operating mode and include advanced controls to switch quickly between modes.
The UPS, a device that provides power protection to systems, find application across various sectors, and therefore profitable market for the same. Industrial transport, agriculture, and hospitals are the major sectors extensively using these devices and initiatives of developing nation governments to provide power supply across underdeveloped areas are proving to the fruitful.
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IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
Mr. Venkateshwar Reddy
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Joined: August 6th, 2019
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