India UPS Battery Market By Type (Lead-Acid, Lithium Ion, Nickel Cadmium, Others), By Mode (Installation, Replacement, Maintenance & Service), By Application (Data Centers, Manufacturing, IT/ITes, Healthcare, Housing Complexes, BFSI, Railways, Telecom, MSMEs, Travel & Tourism, SOHOs, Others), By Size (Small Battery{7Ah, 12Ah}, Medium Battery{24Ah, 42Ah, 65Ah, 100Ah, 200Ah}), By Region, Competition

India UPS battery market was valued at USD 139.65 million in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 11.36% owing to rising dependence on electricity, expanding commercial and industrial segments, with power outages being a frequently occurring in the country, specifically during peak consumption hours, an uninterrupted power supply is a mandate. Therefore, measures such as installing UPS battery is necessary for various economic segments of the country to work efficiently with negligible downtime.

A UPS battery is a key component of a UPS system. UPS batteries provide backup power to the UPS during a power outage or any other power disruption, ensuring that critical equipment and systems can stay online and operational. The lifespan of a UPS battery varies depending on the make and model of the battery, although most of the batteries generally need to be replaced every 3-5 years for standard life or 7-10 years for long life. UPS batteries are widely used in housing complexes, telecom, BFSI, data centers, manufacturing, healthcare, railways, and travel & tourism sectors.

Burgeoning Advantages of UPS Battery in Data Centre

For instance, in 2020, Kokam.Co., Ltd launched an advanced battery system for UPS. The battery was built to support mission-critical facilities, such as banks and data centers.

Government Plans Booming the Market Growth

The National e-Governance Plan has provided extra impetus. The initiative's major goal is to computerize and digitize numerous government offices and agencies, which requires a continuous supply of electricity, thereby creating a fulcrum for the expansion of the UPS industry. Further initiatives, such as Pradhan Mantri Gramin Digital Saksharta Abhiyaan (PMGDISHA), and Pradhan Mantri Kaushal Vikas Yojana (PMKVY) aims to bridge the digital divide. The development of the India UPS battery market is primarily guided by the government initiatives for digitalization, and it is projected that government projects together with economic growth, infrastructure projects, and surveillance needs might surge the market growth in near future. Thus, such initiatives towards digital India are likely to surge the demand for UPS systems.

Growing Attention Towards Green UPS Systems

The past few years have seen speedy hike in energy prices and environmental awareness by consumers. For these reasons, various companies have developed an uninterruptible power supply (UPS) technology to reduce energy consumption, also referred to as Green UPS technology. Green UPS design reduces the power consumption of UPS systems by up to 75% compared to conventional UPS systems. Thus, an energy-efficiency design has become one of the top factors' customers considering when comparing UPS products. Further, green UPS solutions have advanced monitoring and thermal designing systems that reduce the heat generation. Therefore, green UPS demand is anticipated to increase at a substantial rate over the forecast period, attributed to the increased adoption of green UPS devices across various applications such as, IT networks and telecommunications. For instance, market player Vertiv launched several uninterruptible power supply (UPS) options in June 2022, including the Vertiv Liebert ITA2 - 30 kVA and the Vertiv Liebert EXM2. Hence, UPS are more environmentally friendly because of this technology, and due to this factor, people are moving towards green UPS system. Owing to this, the India UPS batteries market is expected to grow in the forecast period.

ChallengesMechanical & Electrical Limitations

Various Government Initiatives Enhance the UPS Battery Market

Smart Cities

In June 2015, the Indian government started the Smart Cities Mission. Its goal is to promote sustainable and inclusive cities that offer fundamental infrastructure and a fair quality of life for their residents, as well as a clean and sustainable environment and the use of "smart" solutions. The emphasis was equitable development, with the goal of creating a repeatable model that would serve as a beacon for other aspiring communities. Smart cities include deploying Intelligent Transportation Systems (ITS), which helps to manage traffic conditions and road safety, reduce congestion, increase energy efficiency, and improve the mobility of their citizens. This requires a dependable backup power source to ensure operational availability during power outages and emergency events. Therefore, the demand of UPS battery is expected to enhance in the upcoming years.

BPO Scheme

The India BPO Promotion Scheme (IBPS) aimed to incentivize the construction of 48,300 BPO/ITES seats across the country. With a budget of USD 59.16 million, it is divided among the states compliant with their population. This would aid in the development of capacity in smaller cities in terms of infrastructure and labor and would serve as the foundation for the next wave of IT/ITS-led growth. Thus, this can led to rise in the market growth of the UPS battery across the country.

Recent Developments

• The large companies are interested in the development and replacements of data centers. For example, in May 2022, Cisco System, Inc. launched its first data center in India. The company aimed to meet the growing demands of customers in relation to cyber protection and data localization. Consequently, Cisco Duo set up its first data center in India. Additionally, with this investment, Cisco aimed to build a future-proof and data-compliant information security infrastructure in India. In addition, this data center serves several industries, such as public sector, healthcare, and banking, financial services, and insurance. These factors might drive the growth of the UPS battery in India.
• In January 2022, the diversified Adani Group invested more than USD 55.72 million in two data center projects in Uttar Pradesh, India. According to the Uttar Pradesh government, two data centers are expected to be built in Noida sectors 62 and 80 and the demand of electricity is expected to rise in Noida. Therefore, the market for UPS battery is expected to boost in the forecast period.

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Market Segments

India UPS battery market is segmented into type, mode, application, size, and region. Based on type, the market is segmented into lead-acid, lithium ion, nickel cadmium, and others. Based on mode, the market is segmented into installation, replacement, and maintenance & service. Based on application, the market is segmented into data centers, manufacturing, IT/Ites, healthcare, housing complexes, BFSI, railways, telecom, MSMEs, travel & tourism, SOHOs, and others. Based on the size, the market is segmented into small battery and medium battery. Whereas the small battery sub-segment is further fragmented into 7Ah and 12Ah. Additionally, the medium battery sub-segment is further fragmented into 24Ah, 42Ah, 65Ah, 100Ah, and 200Ah. Based on region, the market is segmented into South India, North India, West India, and East India.

Market Players

India UPS battery market players include Exide Industries Limited, Amara Raja Batteries Limited, Luminous Power Technologies Pvt. Ltd, Su-Kam Power Systems Limited, HBL Power Systems Limited, Okaya Power Private Limited, V-Guard Industries Ltd, Fujiyama Power Systems Pvt Ltd, Jayachandran Industries Private Limited, and Green Vision Technologies Private Limited among others.