India Regenerative Uninterruptible Power Supply Market : Shares and Strategies For Key Industry Players By 2024

Lack of consistent power supply is one of the key concerns for the growth of the manufacturing sector in India. Various industries in India are affected tremendously due to inconsistent power supply. Constant power supply is a perquisite for any industrial ecosystem to flourish. Indian companies are highly affected due to power shortage. Growing population and rising urbanization are likely to fuel the demand for energy in India. Considering the higher consumption of power, India is investing heavily in developing longer transmission lines. Majority of the new government regulations are prominently focused on reducing energy consumption from fossil fuels. Initiatives taken by the government focus on managing the demand for energy through innovative energy conservation measures. Regenerative uninterruptible power supply (UPS) units provide an efficient approach toward energy conservation along with facilitating uninterrupted manufacturing activities. Regenerative UPS units are generally used for regulated power connected with machines generating regenerative load, feeding power back to source. This technology enables smooth functioning of machines without damaging the load. 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 of these systems in the domestic 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 for operators such as safer and damage-free manufacturing, energy conservation, and reduction in operational costs.

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The regenerative UPS market has been analyzed in terms of revenue (US$ Mn). Additionally, the market has been segmented on the basis of product type, technology type (braking application), application, and geography. Based on product type, the market has been segmented into regenerative converter, sinusoidal PWM, and matrix converter. The regenerative converter segment held the largest share of 47.5% of the total market in 2014. In terms of technology type (braking application), the market has been segmented into spindle drives, decanter centrifuges, elevators, and others. Spindle drives accounted for the largest share of 46.3% of the regenerative UPS market, by technology, in 2014. By application, the regenerative UPS market in India is segmented into pharmaceutical industry, food & beverage industry, steel industries, oil & gas, mining industries, paper mills, and others.

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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% in 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 held the third-largest share of the regenerative UPS market in 2014. The market in North Zone is expected to witness significant growth supported by a large industrial base in Haryana, Punjab, and Uttar Pradesh.

Table of Content

Section 1 Preface

Section 2 Executive Summary

Section 3 Industry Analysis

Section 4 India Regenerative UPS: Product Type Overview

Section 5 India Regenerative UPS: Technology Overview

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