Power Shortage and UPShift towards better quality and reliable products at economical cost will drive the UPS Market in India: Bonafide Research

According to recently published report of Bonafide Research "India Uninterruptible Power Supply (UPS) Market Outlook, 2023" Increasing disposable income and expansion of industries have resulted in increased spending on UPS systems in India. The market is expected to grow with a CAGR of more than 8% from 2018-23.  The UPS Market in India is currently depending on low range UPS Market Less than 5kVA constituting for over half of the total UPS market. The IT and IT enabled services (ITeS); banking, financial services and insurance (BFSI); government, manufacturing, telecom and energy sectors are currently witnessing a growing demand in India. Government initiative includes smart cities projects and national e-governance plan has pulled the demand of UPS systems. With the introduction of GST and BIS, organised players are playing safely in UPS market. On other hand, unorganised sector is continuously reducing and has been marginalised because of low profit margins.

Major companies operating in the UPS market of India are Vertiv Energy Private Limited, Schneider Electric India Private Limited, Eaton Power Quality Private Limited, Delta Power Solution (India) Private Limited, Hitachi Hi-Rel Power Electronics Private Limited, Swelect Energy Systems Limited, Luminous Power Technologies Private Limited, Microtek International private limited, V-Guard Industries Limited, Su-Kam Power Systems Limited

Report: India Uninterruptible Power Supply (UPS) Market Outlook, 2023

Base Year: 2017

Estimated Year: 2018, Forecast Year: 2023

Pages: 115, Figures: 30, Tables: 20

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