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India’s UPS market to grow by 12% per year

Fri, 04/04/2014 - 10:03 -- Tildy Bayar
India’s UPS market to grow by 12% per year

Revenues from India’s uninterruptible power supply (UPS) market are forecast to grow twofold by the end of 2018, according to new analysis.

In a new report, India UPS Market Forecast & Opportunities, analysis firm Research & Markets predicts a compound annual growth rate of around 12% between 2013 and 2018.

Key market drivers identified in the report include, of course, the nation’s growing power demand coupled with its recent disabling blackouts, although the relative severity of regional power shortages are driving UPS demand locally rather than across the board.  In a measure of the market’s attractiveness, foreign players are buying up Indian companies in order to access their distribution networks and value chains.

Analysts say India’s home UPS market (600VA to 1kVA) has traditionally sold at least one UPS for every three desktop computers, but its growth has been slowed by the increasing popularity of laptop computers and mobile devices such as tablets and smartphones, which do not need constant power. According to the report, both domestic and foreign UPS firms are focused on introducing new products to combat this drain and capitalise on potential new markets.

In its latest market report, IMS Research estimated Indian UPS revenues at $630m in 2013 and predicted revenues of $834m by 2016, with expected growth of 6.3% this year.

IMS also said growth in the commercial segment will make up for the slowed home market.