Transparency Market Research has released a new market report titled “India Regenerative Uninterruptible Power Supply Market - 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$163.11 mn by 2024 at a CAGR of 8.7% from 2016 to 2024.
India is one of the fastest growing economies in the world. The manufacturing sector in India has been affected by lack of consistent power supply which has hampered the sector’s growth. Domestic industries are highly affected by inconsistent power supply resulting in damages, loss of power, and increased operational costs. Growing population and rising industrialization are likely to fuel the demand for energy in India. Constant power supply is a prerequisite for any industrial ecosystem to flourish. Indian companies are highly affected due to power shortage. Initiatives taken by the government focus on managing the demand for energy through innovative energy conservation measures.
Regenerative UPS units are becoming critical for energy conservation in a power deficit nation such as India. Regenerative UPS units provide an efficient approach toward energy conservation, facilitating smooth manufacturing activities. Regenerative UPS units use the regenerative load from braking action; this load is used for creating regulated power which is connected to machines generating regenerative load. This generates electricity providing uninterrupted power supply during power cuts. It allows smooth functioning of machines without damaging the machine. Regenerative UPS systems primarily comprise thyristors, insulated-gate bipolar transistor (IGBT) transistors, capacitors, inductors, and harmonic filters. Regenerative UPS units are generally installed in industries with rotating or moving applications, such as computer numerical controlled machines (CNC). When braking is applied to the rotating machine regenerative load is created which is fed back to the system for power generation.
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The regenerative UPS market has been analyzed in terms of revenue (US$ 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 in India, 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.
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 Micro Small and Medium Enterprises (MSME) sector. Regenerative UPS systems offer several benefits to operators such as safer and damage-free manufacturing, energy conservation, and reduction in operational costs.
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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