In India, various manufacturers are now swinging towards solar products as a step towards adopting green technologies. Further, solar hybrid technology is a green technology and most of the enterprises have a green mandate from their corporate body to source at least some percentage of the energy through green means. This would thus support the growth of solar UPS in India. In the context of solar hybrid UPS, the government is offering subsidy to its users. The government is also giving soft loans for the balance amount, making customers look at it as a superior alternative.
In their latest research study, “India UPS Market Outlook 2018”, RNCOS analysts identified that UPS market is witnessing tremendous growth with growing demand for power back-up systems in the country. In 2013, the Indian UPS market revenue grew 10.9% compared to the previous year. Further, the Indian UPS systems market (upto 100 KVA) is anticipated to grow at a CAGR of 11% in value terms during 2014-2018.
The report covers the detailed analysis of UPS systems market with recent developments and trends. We have studied the UPS market performance both in value and volume terms. The Indian UPS market has been largely dependent low range (upto 25 KVA) accounting for more than half of the total UPS market. However, this trend is set to change as there has been growing application of UPS systems in industrial sector. Our report covers the detail of UPS market by segments and by sectors as well. Besides this, we have found out the UPS market potential in various regions of the country.
Moreover, the manufacturing cost analysis done in the report revealed that manufacturing cost of a UPS mainly accounts from core components like transformer and IGBT. Similarly, the report covers the capital expenditure analysis and operating cost analysis for different range of UPS systems which provides the detailed insight about the UPS systems.
With the industry’s immense growth potential, our study foresees huge opportunities for both existing and new market players. Our report also includes the profiles of key industry players, like Numeric UPS, Su-Kam Power Systems, Microtek International, Hitachi HI-REL Power Electronics, Consul Consolidated, Delta Power Solutions, American Power Conversion Corporation, Luminous Power Technologies, among others. Overall, the objective of the study is to help clients understand the prospects of the industry, and make sound investment decisions in view of those.
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