Monday, May 05, 2014: In its recent India UPS Market Outlook 2018 report, industry research and consultancy firm RNCOS has revealed that owing to the significant demand for uninterrupted power supply, the Indian UPS market is expected to grow at a healthy rate of 11 per cent between 2014-2018. The research evaluates the current market opportunities with respect to factors driving the UPS demand while studying the market both in value as well as volume categories.
The UPS market in India has been predominantly dependent on low range UPS systes (up to 25 KVA) constituting for over half of the total UPS market. However, with the growing utilisation of UPS systems in larger industies, the trend is more likely to change and contribute to its growth. The report reveals that new technologies are gaining greater penetration into the UPS market here in India, also there’s a gradual inclination towards solar-powered UPS systems. The growth is also fueled by an increase in demand from new markets primarily in tier II and III cities.
Earlier, Research and Markets India Uninterruptible Power Supply (UPS) Market Forecast & Opportunities, 2018 report revealed that the Indian UPS market is expected to grow up to two folds by the end of 2018, growing at a CAGR of around 12 per cent during 2013-18. More and more foreign players are acquiring domestic companies here in order to have access to well-established distribution network and value chain of the UPS systems market in India.
