Press Release

Schneider Electric to Continue Dominating India UPS Market through 2023

Growing digitalization, development of smart cities along with booming commercial sector to drive growth in India UPS market through 2023

According to TechSci Research report India UPS Market By Type, By Application, By Rating, Competition Forecast & Opportunities, 2023’’, India UPS market is projected to grow at CAGR of over 9% during 2019 - 2023 on account of anticipated growth in the country’s commercial sector and the government’s initiatives towards development of smart cities and ‘Digital India’. Moreover, increasing demand for UPS from tier 2 and tier 3 cities along with technological developments is further likely to steer growth in the country’s UPS market.  Additionally, increasing adoption of modular UPS systems due to their higher efficiency and reliability is anticipated to positively impact India UPS market during the forecast period.

Browse 20 market data Tables and 65 Figures spread through 136 Pages and an in-depth TOC on "India UPS Market"

Schneider Electric India Private Limited accounted for the largest share in India UPS market in 2017, and the company is likely to maintain its dominance through 2023 as well. Schneider Electric is followed by Numeric Power Systems Limited, Emerson Network Power (India) Private Limited (Vertiv), and Hitachi Hi-Rel Power Electronics Private Limited, among others. Commercial and industrial sectors have the largest application shares in terms of value in India UPS market in 2018. A large demand for UPS emanates from South India which can be attributed to strong growth of IT/ITES sector in the regions coupled with growing demand for uninterrupted power in the commercial and industrial sector.

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“Technological developments for the use of customized power solutions and increasing adoption of modular and green UPS systems in India is likely to provide better energy storage solutions across the country. Moreover, rising demand for power supply in non-metro cities due to growing industrial and commercial infrastructure is further expected to positively influence the UPS market in India over the course of next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India UPS Market By Type, By Application, By Rating, Competition Forecast & Opportunities, 2023” has evaluated the future growth potential of India UPS market and provides statistics and information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in India UPS market.

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