“Southern region” acquired the largest market revenue share among the vertical, by Region Type in the overall India Uninterruptible Power Supply (UPS) System Market – 6Wresearch.
India Uninterruptible Power Supply (UPS) System Market witnessed a significant growth in recent years owing to technological transformation strategies under Eleventh Development Plan (2019-2023) which focused on infrastructure development, investment and innovation in ICT, healthcare. Owing to the growing demand from the region’s major business sector and IT hubs, the southern region in India generated the highest market revenues for UPS. In the upcoming years, the recent investments made by the largest IT companies in Hyderabad and the construction of new data centres would help to increase market revenues in the Southern area. Northern region held the second largest revenue share owing to the increasing number of small and medium sized businesses in regions like Uttar Pradesh, Rajasthan and Delhi.
According to 6wresearch, the India Uninterruptible Power Supply (UPS) System Market revenue size is projected to grow at a CAGR of 5.2% from 2022-28. As a result of several government initiatives including Make in India, Digital India, and the Atmanirbhar Bharat there has been an increase in investment in IT, cloud computing, data centres and the manufacturing sector. The expansion of the UPS market in India would be fuelled by rising investments in the country’s data centre infrastructure. Further, a national policy on electronics was adopted by the Union Cabinet and it is anticipated that by 2025, India would have a $400 billion manufacturing sector. The establishment of data centres by companies like Amazon, Oracle, Nxtra and Digital Reality as well as the manufacturing facilities of a joint venture between Oricon Enterprises and the TechnoCap group, among other projects would drive the demand for uninterruptible power supply systems in India over time.
According to Shubham Deep, Research Associate, 6Wresearch, “Commercial sector by applications would grow significantly during the forecast period.” Owing to the high demand for UPS Systems in commercial buildings, retail, offices, data centres, and the telecom industry, the commercial segment gained the majority of the revenue share in the India UPS market. Additionally, owing to the growing digitization of the Indian economy, which aims to provide cutting-edge infrastructure for several verticals including the healthcare, BFSI, and telecom industries, it is anticipated that the commercial sector will continue to dominate market revenues during the forecast period.
According to Swati Tomar, Research Associate, 6Wresearch, “5.1 - 20 KVA rating by kVA Ratings would grow significantly during the forecast period.” Owing to its widespread usage in the manufacturing and IT industries, the 5.1–20 kVA category accounted for the majority of market revenues in 2021. However, the 5.1-20kVA category is predicted to continue dominating the market over the ensuing years as a result of rising demand from commercial buildings and data centres across the nation.
India Uninterruptible Power Supply (UPS) System Market (2022-2028) report provides an in-depth analysis with 17 figures and 8 tables, covered in 75 pages. The report estimates and forecast the overall India Uninterruptible power supply (UPS) System market. The report provides an unbiased and detailed analysis of the on-going 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.