India Uninterruptible Power Supply (UPS) System Market (2022-2028) | Size, Outlook, Share, Trends, Growth, Revenue, Analysis, Forecast, Value, Industry & COVID-19 IMPACT

Topics Covered in the India Uninterruptible Power Supply (UPS) System Market

India Uninterruptible Power Supply (UPS) System Market report thoroughly covers the market kVA Ratings, Phases, Applications, and Regions. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest 2023 Development of the India Uninterruptible Power Supply (UPS) System Market

India UPS system market has witnessed increasing adoption of lithium-ion batteries in UPS systems, which offer numerous advantages over traditional lead-acid batteries, such as higher energy density, longer life span, and faster charging times. This trend was expected to continue in the coming years as the cost of lithium-ion batteries continued to decline. Additionally, the India UPS system industry is also witnessing the emergence of cloud-based UPS systems that provide real-time monitoring and remote management capabilities, enabling businesses to optimize their power usage and reduce energy costs. Additionally, with the growing adoption of electronic devices and increasing dependence on technology in various sectors such as IT, healthcare, and BFSI (banking, financial services and insurance), there is a high demand for reliable power supply solutions in India. This has resulted in a significant rise in the demand for UPS systems in the country. 

There is a growing trend in India towards using eco-friendly UPS systems that are energy-efficient and have a low carbon footprint. This is driven by the need to reduce energy consumption and operating costs, while also being mindful of environmental sustainability. Moreover, the increasing adoption of cloud computing and data centres in India has led to a surge in demand for high-performance UPS systems that can ensure uninterrupted power supply to these critical infrastructure facilities. In addition, Lithium-ion batteries are becoming increasingly popular in the Indian UPS market due to their high energy density, longer lifespan, and low maintenance requirements. As a result, many UPS manufacturers are shifting towards lithium-ion batteries for their products. Another trend was the growing popularity of modular UPS systems, which allow businesses to easily scale up or down their power capacity as needed without having to replace their entire UPS system.

India Uninterruptible Power Supply (UPS) System Market Synopsis

India Uninterrupted Power Supply (UPS) System market growth is witnessed during the period 2018-2021 underpinned by rapid growth in the commercial sector owing to the ongoing digitization of the country. The increasing demand for uninterrupted power supply by the IT, manufacturing, healthcare, education and retail sector are the major drivers for the UPS market in India. However, the outbreak of the COVID-19 pandemic resulted in a slowdown the market growth during the year 2020 as a result of a halt in business operations, and manufacturing units and the stringent lockdown imposed in the country. The falling demand from the commercial and manufacturing sector has hampered the growth of the UPS market in the IT/ ITES, and the education sector. However, the market is expected to recover by 2022 with a gradual opening of economic activities and restart of the on-campus business operations, manufacturing sector and educational institutions.

According to 6Wresearch, the India UPS Market size is projected to grow at a CAGR of 5.2% during 2022-2028F. Rising investment in the IT, cloud computing, data centre and manufacturing industry with the aim of making India self-reliant under the various government policies like Make in India, Digital India, and the Atmanirbhar Bharat. The increasing investment in the data centre infrastructure of India would drive the growth of the UPS market in India. The Union Cabinet passed a national policy on electronics which is expected to create a $400 billion manufacturing industry by 2025 in India. Various upcoming projects like setting up of data centres by Amazon, Oracle, Nxtra, Digital Reality and the manufacturing units of the joint venture of the Oricon Enterprises and TecnoCap group and many more would propel the demand for Uninterrupted Power Supply Systems in India over the years to come.

Market by Regions Analysis

The UPS market is anticipated to grow at a healthier rate in the southern region of the country.  Several new data centres are to be set up in the coming years in the southern region and the growing IT sector will add to the growth of the UPS market there. 

Market by Applications Analysis

In India, the IT sector has accounted for the majority of the market revenue share in 2021 and the segment is expected to dominate the overall market in the forecast period as well since the uninterrupted power supply is the foremost demand for IT companies for continuous business operations. The commercial, hospitality and manufacturing sectors are the key verticals generating a major chunk of demand for the UPS System market in India.

COVID-19 Impression on the India Uninterruptible Power Supply (UPS) Market

During the COVID-19 pandemic, the UPS market in India was adversely affected with both positive and negative impacts. The increased adoption of remote working during lockdowns led to a surge in demand for IT infrastructure and data centres, which, in turn, boosted the need for UPS systems to ensure continuous power supply and protect critical equipment from disruptions. On the other hand, the pandemic also leads to supply chain disruptions, limited workforce availability, and economic uncertainties which impacted the production and distribution of UPS systems. Additionally, some industries experienced reduced operations, leading to decreased demand for UPS systems in various sectors.

Leading players in the India Uninterruptible Power Supply (UPS) Market

The market for Uninterruptible Power Supply (UPS) in India is highly competitive with the presence of several prominent players which includes;

• Schneider Electric India Pvt. Ltd.
• Emerson Network Power (India) Pvt. Ltd.
• Eaton Power Quality Pvt. Ltd.
• Delta Electronics India Pvt. Ltd.
• Su-Kam Power Systems Ltd.
• APC by Schneider Electric India Pvt. Ltd.

Future of the India Uninterruptible Power Supply (UPS) Market

The future of the India Uninterruptible Power Supply (UPS) Market is anticipated to be promising and ever-growing on the back of increasing digitalization across various sectors, growing reliance on IT infrastructure, and rising awareness of data protection and power backup solutions. Additionally, the Indian government's initiatives to promote renewable energy and energy efficiency could also influence the India Uninterruptible Power Supply (UPS) Market Growth. Innovations in UPS technology is also expected to further propel market growth and provide customers with enhanced power protection and management capabilities.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• India Uninterruptible Power Supply (UPS) System Market Overview
• India Uninterruptible Power Supply (UPS) System Market Outlook
• India Uninterruptible Power Supply (UPS) System Market Forecast
• India Uninterruptible Power Supply (UPS) System Market Revenue Share, By kVA Ratings, 2021 & 2028F
• India Uninterruptible Power Supply (UPS) System Market Revenue Share, By Applications, 2021 & 2028F
• Market Drivers and Restraints
• India Uninterruptible Power Supply (UPS) System Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis 
• India Uninterruptible Power Supply (UPS) System Market - Impact Analysis of COVID-19
• Market Opportunity Assessment
• India Uninterruptible Power Supply (UPS) System Market Revenue Ranking, By Company
• Competitive Benchmarking
• Company Profiles 
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By KVA Rating

• Up To 1.1 KVA
• 1.1 KVA - 5 KVA
• 5.1 KVA - 20 KVA
• 20.1 KVA - 50 KVA
• 50.1 KVA - 200 KVA
• And Above 200 KVA

By Phases

• 1-Phase
• 3-Phase

By Applications

• Commercial
  • Government Buildings And Offices
  • Healthcare
  • Hospitality
  • BFSI
  • Data Centre’s
  • Others (Retail, Education Institutes, Transportation Infrastructure Etc.)
• Industrial
• Residential