India UPS Battery (Lead-Acid, Lithium Ion, Nickel Cadmium) Markets, Competition, Forecast and Opportunities, 2029F
Dublin, September 5th, 2023 (GLOBE NEWSWIRE) -- The ResearchAndMarkets.com website has recently published a report titled "India UPS Battery Market - Types (Lead-Acid, Lithium Ion, Nickel Cadmium, Others), Modes (Installation, Replacement, Maintenance & Service), Applications, Regions, Competition, and Forecast for 2029." This report provides valuable insights and is available for purchase on the website.
The market for UPS batteries in India was worth $139.65 million in 2023 and is expected to experience strong growth in the future. This growth can be attributed to the increasing reliance on electricity, the expansion of commercial and industrial sectors, and the frequent occurrence of power outages in the country, especially during periods of high energy consumption. As a result, a consistent and uninterrupted power supply is now considered essential.
Actions like implementing UPS batteries are essential for different economic sectors in the country to function effectively without significant periods of inactivity.
Growing Benefits of Uninterruptible Power Supply (UPS) Battery in Data Center
Because of the growing popularity of data-related services in our country, there has been a significant rise in the need for data centers. This increase in demand is directly fueling the demand for UPS batteries nationwide. As cloud-based services continue to gain momentum, the demand for online services is also increasing, contributing to the surge in UPS system requirements throughout the country.
The increasing adoption of cloud computing and virtualization has resulted in an increase in the number of data centers. The growing number of collocation providers in India are strongly interested in revamping their data center UPS solutions to satisfy customer needs for fast data delivery. As a result, the demand for data center UPS solutions is skyrocketing.
Furthermore, the average lifespan of an uninterruptible power supply (UPS) in a data center is approximately 10-15 years. The lead-acid battery typically operates for around 3-6 years, while the lithium-ion battery can last for 10 years or even more. The recent progress in UPS battery technology has significantly caught the attention of Indian companies, who are now placing great emphasis on developing cutting-edge battery solutions tailored specifically for data centers.
The UPS battery in question has a reduced size by 46% and is 20% lighter than traditional lead acid batteries. As a result, the India UPS battery market is experiencing growth due to the increasing use of these batteries in data centers. This is because they offer several benefits such as improved energy efficiency, superior performance, and a lightweight design.
Government Aims to Accelerate the Expansion of the Market
The National e-Governance Plan has given an additional boost. The main objective of this effort is to automate and digitize various government establishments and organizations, necessitating a constant provision of power. This, in turn, forms a cornerstone for the growth of the uninterruptible power supply (UPS) sector.
Additional initiatives, like the Pradhan Mantri Gramin Digital Saksharta Abhiyaan (PMGDISHA) and the Pradhan Mantri Kaushal Vikas Yojana (PMKVY), have the objective of reducing the gap in digital access. The growth of the market for UPS batteries in India is mainly influenced by government efforts to digitalize the country. It is anticipated that government projects, along with economic growth, infrastructure development, and the need for surveillance, will lead to a significant increase in the market. Therefore, these digital initiatives in India are expected to drive the demand for UPS systems.
Increasing Focus on Eco-Friendly UPS Systems The growing awareness surrounding environmentally-friendly practices has led to a heightened interest in green UPS systems.
In recent years, there has been a rapid increase in energy costs and a growing concern about the environment among consumers. As a result, several companies have devised an uninterrupted power supply (UPS) technology to minimize energy usage, commonly known as Green UPS technology.
The eco-friendly UPS design cuts down the power usage of UPS systems by as much as 75% in comparison to traditional UPS systems. As a result, an energy-saving design is now one of the key elements customers take into account when comparing UPS products. Additionally, green UPS solutions offer improved monitoring and thermal design systems that minimize heat production.
As a result, there is an expectation for a significant rise in the demand for environmentally-friendly UPS systems in the coming years. This can be attributed to the growing acceptance and use of these green UPS devices in different sectors like IT networks and telecommunications. For instance, Vertiv, a leading market participant, recently launched a range of uninterruptible power supply (UPS) choices in June 2022, which consist of the Vertiv Liebert ITA2 - 30 kVA and the Vertiv Liebert EXM2.
Therefore, UPS systems have become increasingly ecologically conscious thanks to this innovation. As a result, individuals are gravitating towards green UPS solutions. Consequently, the India market for UPS batteries is anticipated to witness growth in the predicted timeframe.
Difficulties: Restrictions in Machinery and Electric Systems
Many different sectors have undergone a transformation, as companies have moved away from using physical paperwork and instead adopt digital methods. With the widespread use of the internet, industries are now focusing on handling vast quantities of data. However, if a sudden power outage occurs, it can harm the central processing units (CPUs) and result in the loss of crucial business information.
As more and more industries are realizing the importance of preventing data loss, the popularity of UPS systems is growing. However, there are certain factors that can contribute to the failure of UPS batteries. Unlike other batteries designed for telecom and switchgear applications with a longer duration of 4 to 8 hours, using a UPS battery meant for telecom purposes for an extended period of time can cause the battery's plates to overheat, leading to eventual failure.
Examination of the key corporations operating in the Indian UPS battery industry: In-depth evaluation of their background and operations.
Amara Raja Batteries Ltd.
Luminous Power Technologies Private Limited.
Su-Kam Power Systems Ltd.
Renovate the blog segment utilizing alternate vocabulary: HBL Energy Solutions Incorporated
Okaya Power Pvt Ltd
(A company that manufactures power systems named) Fujiyama Power Systems Pvt Ltd
Jayachandran Industries Inc.
Green Vision Technologies Pvt Ltd
Important Factors to Keep in Mind When Buying UPS Battery
The market for UPS batteries in India, classified by type:
Market Analysis, By Mode:
The market for UPS batteries in India, categorized by usage:
India Battery Market for Uninterruptible Power Supply (UPS), Based on Size:
India UPS Battery Market, Based on Geographic Location:
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