India UPS Market is expected to grow with a CAGR over 8% India UPS Market

India UPS Market is expected to expand at a
CAGR of over 8% from 2018 to 2025
India UPS Market report offers forecast details assumed with the support of an
appropriate set of assumptions and methodologies. The market report provides
information on India UPS Market relating to the geographical region, end-user,
applications and products..
According to a new market report published by BlueWeave Consulting, The India UPS
Market is expected to expand at a CAGR of over 8% from 2018 to 2025, end of the
forecast period.
Growing Demand from IT / ITeS and BFSI sectors coupled with prevailing power
deficit scenario in the country is driving the Indian UPS market
Growing demand from diverse sectors such as IT and IT enabled services (ITeS); banking,
financial services and insurance (BFSI); government, manufacturing, telecom, and energy
sectors continues to drive the UPS market in India. Government’s initiative to computerize
its various departments coupled with ‘The National e-Governance Plan’ is expected to boost
the demand for low-end UPS systems through 2025. Increasing demand for high-end UPS is
expected to emanate from growing installations of high-end electronic equipment and
machineries in industrial set-ups. Increasing penetration of IT/ITES sector in Tier-II & Tier II
cities of the country is also anticipated to boost the demand for UPS systems in the coming
years.
India being a power deficit nation has a large market for power backup products. There has
been a growing trend in recognizing UPS systems as an essential power backup device as
nearly every organization today uses computers to smoothen their workflows. E-Commerce,
data centers, servers, and electronic & medical equipment need high level of uninterrupted
power supply and thus generating significant demand for high power range of UPS systems
in India. Therefore, Indian UPS market is expected to witness double-digit growth in the
coming years.
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India UPS Market: Scope of the Report
The India UPS Market is segmented on the basis of technology and application. Based on
product type, the market is segmented into Online, Offline/Standby & Line Interactive. On
the basis of application, the market is segmented into Commercial, Industrial and
Residential. And On the basis of rating, the market is segmented into less than 5kVA, 5.1
kVA-50.1kVA, 50 kVA-200kVA and more than 200kVA.
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