India UPS Market to Grow at a CAGR of 7.32% Through 2028
Growing demand for power backup solutions and supply push for booming business are driving the growth in India UPS Market during the forecast period . According to TechSci Research report, “ India UPS Market - By Region, Competition, Forecast & Opportunities, 2018-2028 ” , India UPS Market stood at INR84794.76 million in FY2022 and is expected to register a CAGR of 7.32% to reach INR127485.20 million by FY2028. With rising dependence on electricity in the country, expanding commercial and industrial segments, and power outages being a frequent occurrence in the country, specifically during peak consumption hours, an uninterrupted power supply has become a mandate. Therefore, measures such as installing UPS systems are an obvious necessity for the various economic segments of the country to work efficiently with negligible downtime. Furthermore, with clean energy being highly encouraged by the government and decentralization of the grid in the country using off-grid renewable resou...