JULY 08, 2020: The Power Backup market in India is expected to grow to INR 504.66 billion by 2023, expanding at a compound annual growth rate (CAGR) of 11.28% during 2018-2023. The market in India is characterized by the dominant presence of the unorganized sector, even though there's hardly enough difference between the price point at which products from the organized and unorganized sectors sell. This is due to the fact that customers are becoming increasingly conscious about what they are buying, the quality, reliability and the impact of the product on its immediate surroundings.
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Product Segment Insights:
- Diesel Generator: The diesel generator market is anticipated to expand at a CAGR of 8.1%. The telecom industry is the key driver for diesel generators, occupying more than 40% of the installed base. The construction and hospitality industries come next in line. For businesses such as financial services where power outages can lead to wide-scale disruptions in the enterprise-wide management services, relying on uninterrupted power to run critical information systems has become mandatory.
- UPS: The UPS market is expected to expand to INR 99.83 Bn in 2023, at a CAGR of 11.97%. Growing investments in IT and the rapid development of the IT sector have contributed to the boom in the UPS market. Increasing consciousness about the need to protect important data is benefiting the market. Domestic manufacturers are expected to witness stiff competition from foreign players. Manufacturers operating in the industry are emerging as a complete solution provider rather than mere suppliers.
- Inverter: The inverter market is expected to expand to INR 277.83 Bn in 2023, at a CAGR of 9.33%. Growth in the inverter market can be attributed to the demand for power backup solutions across residential, commercial as well as industrial sectors. Moreover, the government's initiatives to expand electrification rate in India coupled with technological developments is further expected to influence Indian inverter market in the coming years positively.
Companies Covered
- Cummins India Limited
- Su-Kam Power System Limited
- Exide Industries Limited
- Honda Siel Power Products Limited
- Mahindra & Mahindra Limited
- Kirloskar Oil Engines Limited
- Amara Raja Batteries Limited
- Microtek International Pvt. Ltd.
- Luminous Power Technologies
- Ashok Leyland
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Table of Contents
Chapter 1: Executive summary
1.1. Key questions answered
1.2. Power backup market : definition and structure
1.3. Executive summary
Chapter 2: Power backup market in India - Overview
2.1. India market overview - historical (2015-2017) and forecasted (2018-2023) market size (INR Bn), geography wise market revenue (INR Bn), and market attractiveness analysis
2.2. Market drivers
2.3. Market challenges
2.4. Market trends
2.5. Value chain analysis
2.6. Porter's Five Forces analysis
Chapter 3: Power backup market in India - Diesel generator
3.1. Diesel generator market overview - historical (2015-2017) and forecasted (2018-2023) market size (INR Bn), and key market observations
3.2. Market segmentation - by type (15-30 KVA, 40-82.5 KVA, 82.5-125 KVA, 125-250 KVA) - historical (2015-2017) and forecasted (2018-2023) market size (INR Bn), and key market observations
3.3. Market segmentation - by end user-wise segmentation of 15-250 KVA (construction, infrastructure, rental, schools, banks, ATMs, fisheries, telecom, hospitality, commercial, complex, residential, small restaurants, manufacturing/industries (mining, glass, tyre etc.) - historical (2015-2017) and forecasted (2018-2023) market size (INR Bn), and key market observations
3.4. Market segmentation - by region (north, east, west, and south) historical (2015-2017) and forecasted (2018-2023) market size (INR Bn), and key market observations
Continued……………………..
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In this report, our team offers a comprehensive analysis of Residential Backup Power market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-residential-backup-power-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• Caterpillar• Cummins• Kohler• Tesla• Trojan Battery• Atlas Copco• Ballard Power Systems• Briggs & Stratton• Eaton• EnerSys• Exide Industries• FG Wilson• FuelCell Energy• Generac Power Systems• Himoinsa• HiPower On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• High Voltage• Low Voltage By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into• Commercial• Civil• Others By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-residential-backup-power-market-2020-2026 Table of Contents Global Residential Backup Power Market Professional Survey Report 20191 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 High Voltage1.3.2 Low Voltage1.4 Application Overview1.4.1 Commercial1.4.2 Civil1.4.3 Others1.5 Industrial Chain1.5.1 Residential Backup Power Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 High Voltage2.1.2 Low Voltage2.2 The Overall Market Performance(Value)2.2.1 High Voltage2.2.2 Low Voltage 3 Global Residential Backup Power Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Commercial3.3 Civil3.4 Others Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/chemicals-and-materials About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process.
The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.
In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
