Technology is ever-evolving with data centres increasingly adopting a modular approach and the energy crisis in the country becoming more obvious as start-ups and new entrepreneurs start shop. It is thus becoming imperative to ensure 24×7 power supply connectivity for these businesses to function optimally. Additionally, the move towards a cashless economy with initiatives like Digital India, Make in India, Smart Cities and various growth related projects across different verticals like manufacturing, e-commerce, retail, IT/ITES, BFSI are also fuelling the appetite for energy efficient and back-up solutions today. According to Transparency market research, the regenerative uninterruptible power supply (UPS) market in India was valued at US$76.86mn in 2015 and is projected to reach US$163.111mn by 2024 at a CAGR of 8.7% from 2016 to 2024.
The future for UPS solutions in India looks bright as CTOs as well as decision-makers are looking to improve both the efficiency and effectiveness of their overall IT environment w.r.t. network infrastructure. Unarguably, with the move towards digitisation, industries will be seen taking a more proactive and pronounced approach to power backup and conditioning equipment in order to better control their equipment and enhance reliability of their production plants while reducing operating costs. We foresee that players will start bundling backup power solutions in an aggressive fashion as buyer decisions lean more towards reliability and ease of integration. Moreover with the focus on RE sources will be bolstered by completion of the world’s largest solar power plant in Andhra Pradesh. Expect a move towards cheaper and greener technologies ensuring power continuity for businesses.
The year 2016 has been a mixed bag for the backup industry at large. The line interactive and the single phase segments experienced stagnated growth, while the 3-phase segment has shown dynamic growth. In the context of the market, our company performed better than the market and has grown in all the three aforementioned segments.
Due to the current economic environment, we expect the first quarter to be challenging. But, going forward, we are confident of our growth and positive performance in 2017. With industry segments such as banking, data centres, healthcare, hotels and offices, which are opportunistic grounds for our products, it will be a busy year.
In 2016 we saw a welcome revival, though small in the investment cycle after 3 years of stagnation and downturn in the Indian UPS industry. Our flagship Falcon range of three phase UPS (10 – 800 kVA) products has become well established over the last few years with more than 1500 installations across industries in India and also exported to countries in South Asia, South East Asia, Africa and Middle East.
The CEA guidelines on harmonic limits in accordance with IEEE 519 is still seeing slow adoption across India except in Tamil Nadu which has enforced penalties to HT consumers exceeding the harmonic limits. Here our state of the art IORA® Active Harmonic filters have helped hundreds of customers meet the harmonic limits.
This helped reduce their electricity bill and also free up capacity in the National grid which is increasingly getting polluted from harmonic generation due to increased usage of energy saving solutions like LED/CFLlamps and Variable Frequency Drives (VFD).