India UPS Market By Size, Share, Trends, Growth, Forecast 2018-2028

1. 2018 – 2028 INDIA UPS MARKET– FORECAST AND OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING

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6. Product Overview

7. Product Overview Product of Interest: UPS UPS (Uninterrupted Power Supply) is a device that provides primary power as well as back up power in case of any power outage. It is the main component of power protection architecture. A UPS is primarily used to protect desktop PCs, telecommunication equipment, data centers, electrical equipment, etc. in case of an unexpected power outage that can cause damage to the equipment and lead to serious business disruption or data loss. UPS systems are widely used in residential, manufacturing, industrial, IT/ITES, BFSI, SME, healthcare, telecom, retail, education and government sectors. Market Segmentation Review Period 2018 – 2021 Base Year 2022 Estimated Year 2023 Forecast Period 2024 – 2028 BY APPLICATION BY RATING Year Range INDIA UPS MARKET • Commercial • Industrial • Residential • 5.1kVA-50kVA • Less than 5KVA • 50.1kVA-200kVA • Others BY TYPE BY REGION • Online • Offline • Live Interaction • South India • West India • North India • East India 7

8. Product Overview Product of Interest: UPS Online UPS has a double conversion power circuit with an inverter. These systems are used to provide continuous power supply to equipment. During load shed or blackouts, the supply is automatically switched to battery mode without any delay. Benefits of using an online UPS system are that it provides the highest level of protection from all types of power problems such as high voltage surges, frequency variation, etc. It is mainly used in IT/ITES industry, offices, banks, etc Offline UPS: It consists of an AC/DC & DC/AC inverter with a battery, switch, low pass filter and a surge suppressor. It is also called standby UPS. The system becomes operational by setting AC input as a primary source. Inverter remains on standby and becomes active only when power fails, and transfer switch transfers electrical load to the backup unit. It is primarily used in desktop computers, and its main advantages are small size, low cost, high efficiency, etc. UPS Segment by kVA Source: TechSci Research 8

9. Product Overview Product of Interest: UPS Less than 5kVA:UPS systems with power ratings less than 5kVA are used in desktop PCs, laptops, desktop PCs, LCDs, Wi-Fi routers, CFLs, mobile chargers, modems, small offices, storage devices, network switches and electronic devices used in banks, hospitals, shopping malls, amusement parks, retail outlets, hotels, ITeS, educational and financial institutions, etc. 5.1kVA-50kVA: UPS systems with power ratings between 5.1kVA-20kVA are basically used in hotels, semiconductor industries, SMBs, ATMs, counting machines, data centers, BPOs, IT/ITeS, BFSI, Telecom and hospitality sectors. Majority of the demand for UPS in this range emanates from hotel industry, on the back of growing need for ensuring a reliable and secure hotel information system, efficient power conditioning and proper functioning of hotel businesses. 50.1kVA-200kVA: UPS systems with power ratings in the range of 20.1kVA-60kVA are used in small & medium-sized commercial and industrial end-user segments including textile industries, data centres, IT/ITeS, petrochemical industries etc. Above 200 kVA: UPS with power rating above 200kVA are majorly used in manufacturing plants, petrochemical industries, textile industries, printing & stamping accessories, hospitals, electronic industries etc. Hospitals and other healthcare sectors require uninterrupted power supply for proper functioning of devices used in critical operations such as devices deployed in surgery and emergency rooms that could otherwise, lead to data loss or medical errors which would completely ruin the entire process resulting in financial or monetary loss, etc. This arises the need for UPS systems for ensuring continuous and efficient power supply. Above 800 kVA: Above 800kVA UPS systems are used for large industrial applications such as textile industries, paper and pulp industries, petrochemicals, manufacturing, large-scale data centres, printing and stamping industries and pharmaceutical industries. Industrial UPS systems are designed for harsh environments and industrial applications may require multiple or parallel-redundant systems in order to withstand different loads within the same facility. 9

10. Research Methodology

11. Research Methodology Data Analysis Data Collection Data Validation Market Profiling Developing List of Respondents Formulating Questionnaire In-depth secondary research was conducted to determine overall market size, segmental market size and top companies in India UPS Market. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about India UPS Market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and leading companies for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of top companies and industry specialists was developed. Primary Research Desk Research Company Analysis Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection • Recent Developments • Market Changing Aspects/Dynamics • Government Policies • Final Conclusion • Market Participants • Key Strengths • Identifying Key Opinion Leaders • Questionnaire Design • In-depth Interviews Primary Research Secondary Research Paid Sources • LinkedIn • TechSci Internal Database • Company Websites • Company Annual Reports • White Paper Study • Financial Reports • Investor Presentations • Regulatory Body • Associations, etc. • Factiva • Hoovers 11

12. Research Methodology • Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of India UPS Market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as supplypush for booming business, government initiatives, growing demand for power backup solutions etc, and projected a steady growth during the forecast period. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in India UPS Market. Methodology Followed for Calculation of Market Size: • Market Size by Value & Volume: Market size, in terms of value & volume, for the year FY2022was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as UPS service providers, industry experts, etc. • The team interviewed more than 15 companies, 20 industry experts and other value chain stakeholders in India UPS Market to obtain the overall market size during FY2018-FY2022, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the final market size data for the forecast period. 12

13. Research Methodology • Respondents were asked about the current and future market growth rates, as well as market shares by type, by rating, by application, by sector, by region and by company. Removing the outlier response, the geometric mean of growth estimates and service provider-wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated based on the primary interview response from other stakeholders. Methodology Followed for Calculation of Market Shares: • Market shares by type, by rating, by application, by sector, by region and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares of the leading UPS service provider companies. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Moreover, respondents were asked about the leading companies in India UPS Market which was validated with the revenues reported by the service providers specific to their UPS market segment in various secondary sources. Methodology Followed for Forecasting: TechSci Research performed logical checks on data collected through surveys and analyzed the results. 13

14. Research Methodology • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India UPS Market, TechSci Research used various forecast techniques such as: Moving Average Time Series Analysis Regression Analysis Econometric and Judgmental Analysis TechSci Research used its own forecast tool, which is based on the growth of various allied industries in India. TechSci Research also used impact analysis during short, medium and long term period to estimate and analyze market demand scenario. Note: (a) Sum of some shares may not be 100% due to round off till two decimal places. (b) The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2023E, the data represents the period, 1st April 2022 to 31st March 2023. 14

15. Industry Brief Growing demand for power backup solutions and supply push for booming business are driving the growth in India UPS Market during the forecast period. According to TechSci Research report, “India UPS Market - By Region, Competition, Forecast & Opportunities, 2018-2028”, India UPS Market stood at INR84794.76 million in FY2022 and is expected to register a CAGR of 7.32% to reach INR127485.20 million by FY2028. With rising dependence on electricity in the country, expanding commercial and industrial segments, and power outages being a frequent occurrence in the country, specifically during peak consumption hours, an uninterrupted power supply has become a mandate. Therefore, measures such as installing UPS systems are an obvious necessity for the various economic segments of the country to work efficiently with negligible downtime. Furthermore, with clean energy being highly encouraged by the government and decentralization of the grid in the country using off-grid renewable resources such as wind and solar power, the green UPS has been gaining momentum in the country, further boosting opportunities for the India UPS Market. The National e-Governance Plan, which intends to usher in an age of e-governance, has provided extra impetus. The initiative's major goal is to computerize and digitize numerous government offices and agencies, which requires a continuous supply of electricity, thereby creating a fulcrum for the expansion of the UPS industry. Furthermore, initiatives such as Pradhan Mantri Gramin Digital Saksharta Abhiyaan (PMGDISHA) and Pradhan Mantri Kaushal Vikas Yojana (PMKVY) aims to bridge the digital divide. Thus, such initiatives toward digital India are likely to drive India UPS Market. Power backup has become more popular in a variety of industry sectors. Numerous corporations consider UPS systems as a necessary power backup to enable ongoing operations throughout enterprises. Many manufacturing businesses, particularly oil and gas, petrochemical and refining, and vehicle design, use UPS systems for power backup to avoid data and productivity loss. Thus, the India UPS market shall thrive owing to the growing industrialization, growth in economy, and rising demand for electricity. The India UPS market is segmented into type, rating, application, sector, region, and company. Based on type, the market is further fragmented into online, offline and line interactive. Based on rating, the market is segmented into 5.1kVA-50kVA, less than 5KVA, 50.1kVA-200kVA, and others. Based on the kVA rating, the 5.1 kVA - 50 kVA rating devices are anticipated to register the highest revenue in the overall India UPS system market during the forecast period owing to high deployment of personal computers in the corporate, residential, E-commerce, healthcare and government sector. In addition, India is to become a manufacturing hub over the coming years with government efforts to support the continued expansion of various sectors. This is attributed to the growing application of such uninterrupted power supply systems in small and medium-scale applications for computers, printers, or scanners. Major market players operating in the India UPS market are Schneider Electric India Private Limited, Microtek International Private Limited, Numeric Power Systems Limited, Hitachi Hi-Rel Power Electronics Private Limited, Vertiv Energy Pvt. Ltd., Eaton Power Quality Private Limited, Socomec Innovative Power Solutions, Fuji Electric India Pvt. Ltd, Riello Power India Pvt. Ltd., Delta Power Solutions India Private Limited, Aplab Limited, Uniline Energy Systems Pvt.Ltd., Renutron Power Solutions India, EnerTech UPS Pvt. Ltd., ABP Power Solutions Pvt Ltd, ARVI Systems & Controls Pvt. Ltd, Hykon India Limited, Switching Avo Electro Power Limited, Power-One Micro Systems Private Limited, Powernet Solutions Pvt. Ltd. “South India region is expected to account for the largest share of 32.13% in India UPS Market in FY2028. This region is expected to maintain its market dominance over the next five years owing to several investments and initiatives that are attributed to the rise of the market in South India region. Rising investment in the IT, cloud computing, data center, and manufacturing industry under the various government policies such as Make in India, Digital India, and the Atmanirbhar Bharat initiatives are the major factors driving the growth of India uninterruptible power supply systems market”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 15

16. Sample Data - Snapshot India UPS Market Size, By Value (INR Million), FY2018-FY2028F CAGR FY2018-FY2022 By Value: xx% CAGR FY2023E-FY2028F By Value: xx% India UPS Market Share, By Type, By Value, FY2018-FY2028F South India UPS Market Share, By Application, By Value, FY2018-FY2028F South India UPS Market Size, By Volume (Units), FY2018-FY2028F CAGR FY2018-FY2022 By Volume: xx% CAGR FY2023E-FY2028F By Volume: xx% 16

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18. About Us & Disclaimer TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports • Global UPS Market By kVA Range (Less than 5 kVA, 5.1 – 20 kVA, 20.1 – 60 kVA, 60.1 – 200 kVA, Above 200 kVA), By End User (Residential, Commercial & Industrial), By Region, Competition Forecast and Opportunities, 2011-2021 • Indonesia UPS Market By Type (Online and Offline), By Application (Commercial, Industrial and Residential), By Rating (5.1kVA-50kVA, Less than 5KVA, 50.1kVA-200kVA, 200.1kVA - 500kVA, Above 800kVA, and 500.1kVA - 800kVA), By Region, Competition Forecast & Opportunities, 2016-2026 • India Decentralized Cold Storage Market By Power Solution (Solar, Biomass, Others), By Storage Capacity (0-5MT, 6-10MT, 11-15MT), By Temperature Type (Chilled v/s Frozen), By Application (Dairy Products, Fruits & Vegetables, Meat Products, Others), By Region, Forecast & Opportunities, 2026 TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.