UPS Market in India 2015-2019
A UPS is an electrical device that provides power backup to during a power failure. A UPS provides instantaneous power backup at the time of power failure. It is used to provide power to negate the power interruptions associated with the main energy such as sags and surges and to filter out unwanted interruptions such as harmonics and electronic interference. UPS is widely used the Telecommunication, IT, Oil and Gas, Chemical, and Food Processing industries. Online, line-interactive, and standalone are the three types of UPS technologies.
TechNavio's analysts forecast the UPS market in India to grow at a CAGR of 8.4 percent over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the UPS market in India during the period 2015-2019.
TechNavio's report, the UPS Market in India 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the UPS market in India and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key Vendors
TechNavio Announces the Publication of its Research Report – UPS Market in India 2015-2019
TechNavio recognizes the following companies as the key players in the UPS Market in India: Eaton Corp. plc, Emerson Electric Co., Microtek International Inc. and Su-Kam Power Systems Ltd.
Other Prominent Vendors in the market are: Accura Automation, EAPRO, Exide Industries, Hitachi Hi-Rel Power Electronics, Numeric and UNITEK.
Commenting on the report, an analyst from TechNavio’s team said: “Increased availability of portable UPS systems is one of the key trends being witnessed in this market. End-users across the country prefer small UPS systems as they occupy less space. Also, the increase in population and urbanization has resulted in more demand for portable UPS systems from residential and commercial users.”
According to the report, power outages across the country have increased significantly, resulting in increased demand for power backup for end-users. Increased power consumption has led to demand-supply mismatch, which has resulted in increased demand for alternative sources of power backup mainly from home-based computer systems and small and medium enterprises.
Further, the report states that the slow rate of technological innovations is hindering the market growth, resulting in reduction in the demand for UPS solutions from data centers in the telecommunications sector, and the industrial and automation industry.
Eaton, Emerson Electric, Microtek, Su-Kam Power Systems, Accura Automation, EAPRO, Exide Industries, Hi-Rel Power Electronics, NUMERIC , UNITEK