Says Narendra Badve - Director and Country Head - Sales (Industrial Power Control), Infineon Technologies India Pvt Ltd, in conversation with R Srinivasan.
The power backup sector can broadly be categorised into UPS, diesel generators (DGs), inverters and batteries. According to an IMS Research Report, the overall Indian UPS market is projected to reach $834 million by 2016. In view of this and the acute need for power backup solutions, comment on the market for UPS systems.
The UPS and inverters segment has seen consistently growing demand in India, riding on power shortage/quality issues, and industrial expansion. Lack of ‘sufficient’ and ‘efficient’ grid is the main driver of this demand. Expectation for the next five years is a high single-digit CAGR for this market. The IT/ ITES segment, banking sector, industry applications, etc., are key drivers apart from the home consumer demand. Online UPS used by the business segment has a dominant share, while offline UPS systems are used in lower ratings. With improving power distribution in some major cities, we expect a slowdown in home inverters.
What are your company’s solutions in this space and what has it planned for 2016 in terms of international tie-ups, facilities, etc?
This story is from the August 2016 edition of Power Watch India.
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This story is from the August 2016 edition of Power Watch India.
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