UPS Market in India to Reach $1.2 Billion by 2021
Rising
need for continuous power supply, rapid industrialization and growing number of
IT/ITeS offices to drive India UPS market through 2021
According to a recently published TechSci Research
report “India UPS Market By Application Sector, By kVA, Competition
Forecast and Opportunities, 2011 - 2021”, the market for UPS systems in India is projected to reach
$1.2 billion by 2021. On account of growing
demand for continuous power and protecting equipment from voltage fluctuations,
UPS systems are witnessing rising adoption by different end users ranging from residential
households, small offices to large business enterprises. Moreover, expanding
commercial and industrial sectors such as IT/ITES, BFSI, healthcare, retail,
educational and research institutes, telecommunication, textile industry, etc.,
are further fueling demand for UPS in the country.
Browse 25 Figures spread through 124 Pages and an in-depth TOC on "India UPS Market"
https://www.techsciresearch.com/report/india-ups-market-by-application-sector-commercial-industrial-and-residential-by-kva-less-than-5kva-5-1-50kva-50-1-200kva-and-above-200kva-competition-forecast-and-opportunities-2011-2021/770.html
India UPS market was dominated by IT/ITeS sector in
2015, and the sector is forecast to continue its dominance in the coming years,
owing to increasing number of Government of India initiatives to make the
country an IT hub. IT market in India grew significantly over the past
few years, and garnered total revenues of around $138.8 billion in 2015, consequently
driving UPS over the last few years. South India accounted for the lion’s share
in the country’s UPS market in 2015. However, North India is expected to grow
at a faster pace in the coming years on account of rising IT/ITes and BFSI
sectors in the region.
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“India, as an economy, is
undergoing a major transformation. Rising number of government initiatives to
support development in IT/ITES, BFSI, education, healthcare, retail and residential
sectors in the country is expected to have a positive impact on the country’s
UPS market in the coming years. Growing demand for continuous power supply even
in Tier II and Tier III cities, coupled with major government initiatives such
as, “Make in India” and “Digital India”, are anticipated to drive India UPS
market during the forecast period.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“India UPS Market By Application Sector, By
kVA, Competition Forecast and Opportunities, 2011 - 2021” has evaluated future growth potential of UPS market
across India and provided statistics and information on market structure,
industry behavior and trends. The report includes market projections and demand
forecasting. The report is intended to provide cutting-edge market intelligence
and help decision makers take sound investment evaluation. Besides, the report
also identifies and analyzes emerging trends along with essential drivers,
challenges and opportunities available in India UPS market.
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