- The key vendors in the UPS Market in India 2015-2019 are Eaton Corp. plc, Emerson Electric Co., Microtek International Inc. and Su-Kam Power Systems Ltd.
London, 10 February 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the UPS Market in India 2015-2019. 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. The overall market is expected to grow at a CAGR of 8.4 percent during the forecast period of 2014-2019.
UPS systems are widely used in home-based computer systems and SMEs, and industries such as Telecommunication, IT, Oil and Gas, Chemical, and Food Processing. In general, there are three types of UPS technologies, namely online, line-interactive, and standalone. The growing power crisis and frequent voltage interruptions have boosted the demand for UPS systems in the country.
“The increased adoption of green energy storage technology among various end-users is emerging as one of the major trends in the UPS market in India,” says Faisal Ghaus, Vice President of TechNavio Research.
“Energy storage helps in delaying climate change worldwide. Scientists believe that the impending power crisis and ecological disasters worldwide can be avoided by storing energy and utilizing the same for future use.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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