Transparency Market Research has released a new market report titled “India Regenerative Uninterruptible Power Supply Market, By Product (Regenerative Converter, Sinusoidal PWM, Matrix Converter), Technology (Spindle Drives, Decanter Centrifuges, Elevators, Others), and Application (Pharmaceutical Industry, Food & Beverage Industry, Steel Industries, Oil & Gas, Mining Industries, Paper Mills, Others) –Industry Analysis, Size, Share, Growth Trends, and Forecast, 2016–2024”. According to this report, the regenerative uninterruptible power supply (UPS) market in India was valued at US$ 76.86 Mn in 2015 and is projected to reach US$ 163.11 Mn by 2024 at a CAGR of 8.7% from 2016 to 2024.
The regenerative UPS ecosystem is continuously evolving with recent trend suggesting that rising popularity of energy efficient products has significantly contributed to the growth of the energy conserving products. Domestic industries suffer due to inconsistent power supply as India battles high industrial power deficit. Growing population and rising industrialization are likely to fuel the demand for energy in India. Various industries in India are highly affected by inconsistent power supply.
Initiatives taken by the government focus on managing the demand for energy through innovative energy conservation measures. Regenerative UPS units provide an efficient approach toward energy conservation along facilitating uninterrupted manufacturing activities. Regenerative UPS units are generally used for regulated power connected to machines generating regenerative load, feeding power back to source. Regenerative UPS units are generally installed in industries with rotating or moving applications, such as computer numerical controlled machines (CNC). When braking is applied to the rotating machine, regenerative load is created which is fed back to the system for power generation. Some of the key factors for increasing installations of regenerative UPS systems in India are growing industrial activities, high industrial power deficit, and rising awareness and growing adoption in the Micro Small and Medium Enterprises (MSME) sector. Regenerative UPS systems primarily comprise thyristors, insulated-gate bipolar transistor (IGBT) transistors, capacitors, inductors, and harmonic filters. Regenerative UPS systems offer several benefits to operators such as safer and damage-free manufacturing, energy conservation, and reduction in operational costs.
Download the India Regenerative Uninterruptible Power Supply Industry Fact Sheet by 2024 @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10781
In terms of geography, the regenerative market in India has been segmented into four zones: East Zone, West Zone, North Zone, and South Zone. South Zone held the largest share of 32% of the regenerative UPS market in India in 2014. West Zone was the second-largest market for regenerative UPS in 2014. Growing demand for energy and increased industrial activities are expected to drive the demand for regenerative UPS in the near future. East Zone is emerging as a key zone with MSMEs dominating the manufacturing and large mining activities. Industrial activities in the region are largely concentrated in states such as Jharkhand, West Bengal, and Odisha. North Zone was the third-largest market for regenerative UPS in 2014. The market in North Zone is expected to witness significant growth supported by large industrial base in Haryana, Punjab, and Uttar Pradesh. Regions in North and East Zones are highly affected due to power shortage.
Demand for regenerative UPS is expected to increase rapidly in the near future due to growing MSME sector and rising adoption of energy conserving equipment. The regenerative UPS market in India has been segmented as follows:
Regenerative Uninterruptible Power Supply Market: By Product
- Regenerative Converter
- Sinusoidal PWM
- Matrix Converter
Regenerative Uninterruptible Power Supply Market: By Technology
- Spindle Drives
- Decanter Centrifuges
- Elevators
- Others
Regenerative Uninterruptible Power Supply Market: By Application
- Pharmaceutical Industry
- Food & Beverage Industry
- Steel Industries
- Oil & Gas
- Mining Industries
- Paper Mills
- Others
Regenerative Uninterruptible Power Supply Market: By Region
- East Zone
- West Zone
- North Zone
- South Zone
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