According to www.techsciresearch.com report “India UPS Market By Application Sector, By kVA, Competition Forecast and Opportunities, 2011 - 2021”, the UPS market in India is projected to reach $1.2 billion by 2021.
Report URL :- 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 Size
Value Proposition canvas- Customer needs and pains
India UPS Market Forecast 2021 - brochure
1. M a r k e t I n t e l l i g e n c e . C o n s u l t i n g
India UPS Market By Application Sector, By
kVA, Competition Forecast and
Opportunities, 2011 - 2021
10. I n d u s t r y B r i e f
10
UPS Market in India to Reach $1.2 Billion by 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.
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.
“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.