India Inverters and UPS Market Outlook to 2019 - Driven by Power Deficit and Industrial Expansion
April 2015
152
About the Report
About the Report
The report titled “India Inverters and UPS Market Outlook to 2019 - Driven by Power Deficit and Industrial Expansion” provides a comprehensive analysis of the various aspects such as market size of the India inverters and UPS market. The report also covers the market shares of major inverters and UPS manufacturers in India as well as the revenues of major players in the industry.
The growth in India inverters market has been attributed to the demand and supply gap between electric energy in India and the increasing purchasing power of Indian consumers. The decreasing tolerance for long power cuts among consumers in rural and semi-urban areas is also a major factor behind the growth of this market. The revenue generated by the India inverter industry in FY’2010 was valued at INR 19,581.1 million which increased to INR ~ million during FY’2014, witnessing a CAGR of 8.9% for the period FY’2010-FY’2014. The increasing awareness among people to prevent damage of electronic equipments resulting from voltage fluctuations has played an important role in further expansion of the India UPS market. The market has grown from INR 35,339.4 million in FY’2010 to INR ~ in the financial year ended March 2014 at a CAGR of 9.9% during review period.
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 including Luminous, Microtek and Su-Kam. Luminous is the market leader with a share of 28% in terms of revenue in India Inverters market in FY’2014. Microtek was the second largest brand of the inverters market in India with a revenue contribution of 23% in FY’2014. The leading contributor to the Indian online UPS market is Emerson, whose market share was recorded at 20% in FY’2014. Emerson was followed by APC which occupied 18% share in the market in FY’2014.
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 market is projected to scale new heights and reach INR ~ million by FY’2019, expanding at a CAGR of 9.8% in FY’2014-FY’2019.
Key Topics Covered in the Report:
- The market size of the India inverters market on the basis of revenue.
- The market size of the India inverters market on the basis of volume sales.
- The market size of the India UPS market on the basis of revenue.
- The market size of the India UPS market on the basis of volume sales.
- Market segmentation of the India inverters market on the basis of technology, market structure, end-users, capacity and region.
- Market segmentation of the India UPS market on the basis of technology, capacity, regional demand, demand from different verticals and market structure.
- Trends and Development in the India inverters and UPS market.
- Competitive landscape and detailed company profiles of the major manufacturers of inverters and UPS in India.
- Future outlook and projections of the India inverters and UPS market, on the basis of revenues and volume sales in India.
Products
Products
Inverters, Pure sine wave inverters, modified sine wave inverters, square wave inverters, UPS, standby/offline UPS, Line interactive UPS, Online UPS
Companies
Luminous Power Technologies Pvt. Ltd., Microtek International Pvt. Ltd., Su-Kam Power Systems Ltd., Genus Power Infrastructure Ltd., Delta Power Solutions India Pvt. Ltd., Amara Raja Batteries Ltd., Exide Industries Ltd., Emerson Network Power
Table of Contents
Table of Contents
1. India Inverters & UPS Market Introduction
1.1. Overview of India Power Backup Market
1.2. Value Chain of India Inverters and UPS Market
Research & Development
Systems Assembly
Testing and Quality Control Checks
Marketing and Promotion
Value Added and After Sales Services
2. Business Model in India Power Backup Market
2.1. Hub and Spoke Model
3. India Inverters Market Introduction
3.1. India Inverters Market Size
3.1.1. By Revenue Generated, FY’2010-FY’2014
3.1.2. By Volume Sales, FY’2010-FY’2014
3.2. India Inverters Market Segmentation
3.2.1. By Technology, FY’2010-FY’2014
Pure Sine Wave Inverters
Modified Sine Wave Inverters
Square Wave Inverters
Market Scenario of Sine Wave, Square Wave and Quasi Wave Inverters FY’2010- FY’2014
3.2.2. By Market Structure (Unorganized and Organized Sector), FY’2014
3.2.3. By End Users (Domestic, Commercial and Industrial) of Inverters, FY’2010- FY’2014
3.2.4. By Capacity of Inverters, FY’2014
3.2.5. By Region, FY’2014
3.2.5.1. Manufacturing Hubs
3.2.5.2. Demand Hubs
3.3. Cost and Investment Analysis for Setting up an Inverter Manufacturing Plant
3.4. Distribution Channel of Inverters
3.5. Exports and Imports of Inverters
3.5.1. By Exports, FY’2010-FY’2014
3.5.1.1. By Value, FY’2010-FY’2014
3.5.1.2. By Volume, FY’2010- FY’2014
3.5.1.3. Destinations Involved, FY’2010-FY’2014
3.5.1.4. Major Ports Involved, January 2015
3.5.2. By Imports, FY’2010-FY’2014
3.5.2.1. By Value, FY’2010-FY’2014
3.5.2.2. By Volume, FY’2010-FY’2014
3.5.2.3. By Destinations Involved, FY’2010- FY’2014
3.5.2.4. Major Ports Involved, January 2015
4. India UPS Market Introduction
4.1. India UPS Market Size, FY’2010-FY’2014
4.1.1. By Revenue Generated, FY’2010-FY’2014
4.1.2. By Volume Sales, FY’2010-FY’2014
4.2. India UPS Market Segmentation
4.2.1. By Technology, FY’2014
4.2.1.1. Standby/ Offline UPS
4.2.1.2. Line Interactive UPS
4.2.1.3. Online UPS
Market Scenario of Online, Offline and Line Interactive UPS, FY’2014
4.2.2. By Capacity of UPS, FY’2014
4.2.3. By Regional Demand for UPS, FY’2014
4.2.4. By Demand from Different Verticals for UPS, FY’2014
4.2.5. By Market Structure, FY’2014
4.3. Cost and Investment Analysis for Setting up a UPS Manufacturing Plant
4.4. Overview of Distribution Channel of UPS
5. Government Regulations and Support Schemes in india Inverter and UPS Market
Applicable Test Standard for Inverters in India
Applicable Test Standard for UPS in India
Support Schemes
6. Major Trends in India Inverter and UPS Market
6.1. Rising Consolidation in the Industry
6.2. Advent of Value Added Services
6.3. Inclination towards Modular and Eco-Friendly UPS
6.4. Product Customization
6.5. Technological Improvements
6.6. Contract Manufacturing Opportunities
6.7. Increasing Focus on Retail and Sales Channel
6.8. Rising Sales of Industrial Batteries
6.9. Rising use of Inverters and UPS in Motive Power
6.10. Shrinking Unorganized Sector
6.11. Increasing Energy Efficiency and Sustainability
6.12. Shift towards Solar Hybrid Inverters and UPS
7. India Inverter and UPS Market Growth Drivers and Restraints
7.1. Growth Drivers
7.1.1. Energy Deficit in India
7.1.2. Growing Demand from Industrial and Commercial Sectors, FY’2010-FY’2014
7.1.3. Rise in Income Levels, FY’2010-FY’2018
7.1.4. Increasing Demand from Rural Areas
7.1.5. Enhancement in Organized Retail Sector
7.2. Restraints
7.2.1. Competition from Unorganized Sector
7.2.2. Lack of Consumer Awareness/ Non standardization
7.2.3. Decline in Desktop Sales
7.2.4. Shortage of Raw Material
7.2.5. High Import Duties and Currency Depreciation
7.2.6. Inability to Adapt New Technology
8. Analysis of India Inverters and UPS Market
8.1. SWOT Analysis of India Inverters and UPS Market
8.2. Porters Five Forces Analysis of India Inverters and UPS Market
9. Competitive Landscape of Major Players in India Inverter and UPS Market
9.1. Market Share of the Major Players by Revenue in India Inverter and UPS Market
9.1.1. Market Share of Major Players in India Inverters Market, FY’2014
9.1.2. Market Share of Major Players in India Online UPS Market, FY’2014
9.2. Comparative Pricing Analysis of Inverters and UPS by Major Companies on the Basis of Price Range of Products
9.3. Company Profiles of the Major Players in India Inverter and UPS Market
9.3.1. Luminous Power Technologies Pvt Ltd
Business Overview
Key Business Segments
Business Strategy
Key Performance Indicators
Awards and Certifications
Financial Performance
Future Strategy
9.3.2. Microtek International Pvt Ltd
Business Overview
Key Business Segments
Business Strategy
Awards and Certifications
Financial Performance, FY’2009-FY’2013
Future Strategy
9.3.3. Su-Kam Power Systems Ltd.
Business Overview
Key Business Segments
Business Strategy
Key Performance Indicators
Awards and Certifications
Financial Performance, FY’2010-FY’2014
Future strategy
9.3.4. Genus Power Infrastructure Ltd.
Business Overview
Key Business Segments
Business Strategy
Financial Performance, FY’2010-FY’2014
Future Strategy
9.3.5. Delta Power Solutions India Pvt. Ltd.
Business Overview
Key Business Segments
Business Strategy
Awards and Certifications
Financial Performance
Future Strategy
9.3.6. Amara Raja Batteries Ltd.
Business Overview
Key Business Segments
Business Strategy
Awards and Certifications
Financial Performance, FY’2010-FY’2014
Future Strategy
9.3.7. Exide Industries Ltd.
Business Overview
Key Business Segments
Business Strategy
Awards and Certifications
Financial Performance, FY’2010-FY’2014
Future Strategy
9.4. Other Major Players in the India UPS Market
9.5. Concentration Ratio of India Inverter and UPS Market
10. India Inverters and UPS Market Future Projections and Outlook
10.1. India Inverter Market Future Projections By Revenue and Volume Sales, FY’2015-FY’2019
10.2. India UPS Market Future Projections by Revenue and Volume Sales, FY’2014-FY’2019
10.3. Cause and Effect Relationship between Dependent and Independent Factors of the Indian Inverter and UPS Market
11. Analyst Recommendation
International Players in the Indian Inverters and UPS Market
Domestic Players in the Inverters and UPS Market
Government’s Role in the Indian Inverters and UPS Market
12. Macroeconomic Factors in India Inverter and UPS Market
12.1. Quantitative Factors
12.1.1. Power Deficit, FY’2010-FY’2019
12.1.2. GDP in India, FY’2010-FY’2019
12.1.3. PDI in India, FY’2010-FY’2019
12.1.4. Population in India, 2009-2018
12.2. Qualitative Factors
12.2.1. Currency Devaluation
12.2.2. Growth of Industrial and Commercial sectors
13. Appendix
13.1. Market Definitions
13.2. Abbreviations
13.3. Research Methodology
Data Collection Methods
Approach
Variables (Dependent and Independent)
Final Conclusion
13.4. Disclaimer
List of Figure
Figure 1: Indian Power Backup Market Size on the basis of Value in INR Billion, FY’2010-FY’2014
Figure 2: Value Chain of India Inverters and UPS Market
Figure 3: Hub and Spoke Model in the India inverters and UPS market
Figure 4: India Inverter Market Size on the Basis of Revenues in INR Million, FY’2010-FY’2014
Figure 5: India Inverter Market Size by Units Sold in Million Units, FY’2010- FY’2014
Figure 6: Market Segmentation of Inverters by Technology (Sine Wave, Quasi Wave and Square Wave Inverters) on the basis of Contribution Share by Volume Sales in Percentage (%), FY’2010-2014
Figure 7: Market Segmentation of Inverters by Structure (Unorganized and Organized) on the basis of Contribution Share by Revenue in Percentage (%), FY’ 2014
Figure 8: Market Segmentation of Inverters by End users in terms of Volume Sales, by Contribution Share in Percentage (%), FY’2010-FY’2014
Figure 9: Market Segmentation of Inverters on the basis of Capacity, by Market Share in Volume Sales in Percentage, FY’2014
Figure 10: Distribution Channel of Inverters (Through Dealer/ Distributors) in India
Figure 11: Distribution Channel of Inverters (Through Channel Partners) in India
Figure 12: India Inverter Exports, Average Value of Export in INR, FY’2010-FY’2014
Figure 13: India Inverter Exports, Major Ports Involved, January 2015
Figure 14: India Inverter Imports, Major Ports Involved, January 2015
Figure 15: India UPS Market Size on the Basis of Revenues in INR Million, FY’2010-FY’2014
Figure 16: India UPS Market Size on the Basis of Volume Sales in INR Million, FY’2010-FY’2014
Figure 17: Market Segmentation of UPS by Technology (Offline, Line Interactive and Online UPS) on the basis of Contribution in Revenue Generated, FY’ 2014
Figure 18: Market Segmentation of UPS by Size on the basis of Contribution Share by Revenue in Percentage (%), FY’ 2014
Figure 19: Market Segmentation of UPS by Size on the basis of Contribution Share by Revenue in Percentage (%), FY’ 2010-2014
Figure 20: India UPS Market Size on the Basis of Regional Demand in Percentage, FY’2014
Figure 21: India UPS Market Size on the Basis of Revenue Contribution from Different Verticals in Percentage, FY’2014
Figure 22: Segmentation of UPS Market by Market Structure (Unorganized, Semi-Organized and Organized) on the basis of Market Share by Revenue in Percentage, FY’2014
Figure 23: Overview of Distribution Channel of APC and Emerson Network Power
Figure 24: India IT/ITES Sector Revenues in USD Billion, FY’2010-FY’2014 (E)
Figure 25: PDI per Capita in India in INR Million, FY’2010-FY’2018
Figure 26: Market Share of Major Players in India Inverter Market on the Basis of Revenue in Percentage (%), FY’ 2014
Figure 27: Market Share of Major Players in India Online UPS Market, FY’2014
Figure 28: Microtek International Pvt. Ltd. Operating Income and Profit after Tax in INR Million, FY’2009-FY’2013
Figure 29: Su-Kam Power Total Revenue, FY’2010-FY’2014
Figure 30: Genus Power Infrastructure Total Revenue and PAT in INR Million, FY’2010-FY’2014
Figure 31: Amara Raja Batteries Net Sales and PAT in INR Million, FY’2010-FY’2014
Figure 32: Amara Raja Electronics EBITDA in INR Million, FY’2010-FY’2014
Figure 33: Shareholding Pattern of Exide Industries Ltd., FY’2014
Figure 34: Exide Industries Revenue and PAT in INR Million, FY’2010-FY’2014
Figure 35: Future Projections for India Inverter Market by Revenue in INR Million, FY’2015- FY’2019
Figure 36: Future Projections for India Inverter Market by Volume Sales in Million Units, FY’ 2015- FY’2019
Figure 37: Future Projections for India UPS Market by Revenue in INR Million, FY’2015- FY’2019
Figure 38: Future Projections for India UPS Market by Volume Sales in Million Units, FY’ 2015-FY’2019
Figure 39: Power Deficit in India in Million Units, FY’2010-FY’2019
Figure 40: India Gross Domestic Product (GDP) in INR Million, FY’2010-FY’2019
Figure 41: Personal Disposable Income in India in INR Million, FY’2010-FY’2019
Figure 42: Population in India in Million, 2009-2018
List of Table
Table 1: Market Segmentation of Inverters by Technology (Sine Wave, Quasi Wave and Square Wave Inverters) by Volume Sales in Million Units, FY’2010-FY’2014
Table 2: Market Segmentation of Inverters by Structure (Unorganized and Organized) on the basis of Revenue Contribution in INR Million, FY’ 2014
Table 3: Market Segmentation of Inverters by End users in terms of Volume Sales, by contribution in Million units, FY’ 2010-FY’2014
Table 4: Market Segmentation of Inverters on the basis of Capacity, by Volume Sales in Million Units, FY’2014
Table 5: Required Parameters for the Establishment of an Inverter Manufacturing Plant in India
Table 6: Monthly Expenses in an Inverter Manufacturing Plant in India
Table 7: Annual Cost of Production in an Inverter Manufacturing Plant in India
Table 8: Financial Indicators in an Inverter Manufacturing Plant in India
Table 9: India Inverter Exports by Values in INR Million, FY’2010- FY’2014
Table 10: India Inverter Exports by Volume in Thousand Units, FY2010- FY’2014
Table 11: India Inverter Exports to Top Ten Major Destinations in Thousand Units, FY’2010- FY’2014
Table 12: India Inverter Exports to Top Ten Major Destinations in Values in INR Million, FY’2010- FY’2014
Table 13: Inverter Imports by Values in INR Million, FY2010-FY’2014
Table 14: India Inverter Imports by Volume in Thousand Units, FY2010-FY’2014
Table 15: India Inverter Imports, Import Duty Structure, 2015
Table 16: India Inverter Imports from Top Ten Major Destinations in Thousand Units, FY’2010- FY’2014
Table 17: India Inverter Imports to Top Ten Major Destinations in Values in INR Million, FY’2010- FY’2014
Table 18: Market Segmentation of UPS by Technology (Offline, Line Interactive and Online UPS) by Revenue Generated in INR Million, FY’2010-FY’2014
Table 19: Market Segmentation of UPS by Size by Volume Sales in Million, FY’2010-FY’2014
Table 20: India UPS Market Size on the Basis of Regional Contribution in Demand in Percentage, FY’2014
Table 21: India UPS Market Size on the Basis of Revenue Contribution from Different Verticals in INR Million, FY’2014
Table 22: Segmentation of UPS Market by Market Structure (Unorganized, Semi-Organized and Organized) on the basis of Revenue Contribution in INR Million, FY’2014
Table 23: Required Parameters for the Establishment of a UPS Manufacturing Plant in India
Table 24: Monthly Expenses in a UPS Manufacturing Plant in India
Table 25: Annual Cost of Production in a UPS Manufacturing Plant in India
Table 26: Financial Indicators of a UPS Manufacturing Plant in India
Table 27: Contact Details of Distributors, Resellers and Channel Partners of Major India UPS Companies
Table 28: India Inverters and UPS Market, Mergers and Acquisitions, FY’2009-FY’2014
Table 29: India Desktop Computers and Notebook Unit Sales in Million, FY’2012-FY’2014
Table 31: SWOT Analysis of India Inverters and UPS Market
Table 32: Porter’s Five Forces Analysis for the Inverters and UPS Market in India
Table 33: Comparative Pricing Analysis of Inverters and UPS by Major Companies on the basis of Price Range of Product
Table 34: Cause and Effect Relationship between Industry Factors and Expected Industry Prospects of India Inverters and UPS Market
Table 35: Power Requirement and Availability in India in Million Units, FY 2010-FY’2019
Table 36: Correlation Matrix of India Inverters Market
Table 37: Regression Coefficients Output of India Inverters Market
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