The market for inverters and UPS in India is fragmented and there exist a large number of small unorganized players manufacturing sub-standard and local inverters. However, the market is dominated by a few leading brands. There is a gradual rise in awareness among the population of India pertaining to the benefits of good quality inverters. Moreover, with the expansion of purchasing power, the demand for Inverters in India is expected to surge in the future. India Inverters market is projected to grow at an appreciable CAGR of 9.4% to reach INR ~ million by FY’2019. The UPS market in India is expanding swiftly due to the low availability of high quality power, expansion of industries and increasing income levels of consumers.
The report covers various aspects such as market size of India Inverters and UPS market, segmentation on the basis of technology, market structure, end-users, capacity, region and volume of exports and imports for Inverters and UPS systems. The report is useful for Inverters and UPS systems manufacturers, distributors, retail chains, power backup products’ machinery manufacturers and new players venturing in the market. This report holds potential to be an excellent asset towards strategic decision making of the management.
