BACK TO GROWTH !
The year 2021-2022 was the happiest year of the recent times for
Power Electronic Industry. Many grew while a few failed to do so.
Overall, the industry grew by 5%
The industry netted revenues to the tune of INR 6730.00 crore. This
is exclusively the end-user sales figure. However, the over all industry
revenue was estimated at INR 6950.00 crore approx.
The reason why the total industry revenue is much higher than the
actual end-user sales is because many a companies procure finished
products from others & brand them as theirs, and our survey team gets
the turnover from both, resulting in duplication. With nearly 187
companies responding to our survey, giving us the information this year,
we sought in great detail, knowing fully well how much the company has
manufactured with excise paid. And also trying to find out, which
companies procure finished products from others & brand them as theirs,
an exercise which we have been doing only since last ten years, we did
all of it again to give continuity to the process. Out of 187 companies
responding only 101 companies were awarded with SD Ratings.
Most companies have started production to the full throttle, We are
sure the figure which we have arrived at i.e., the actual end-user sales
revenue of INR 6730.00 crore mark will be crossed in current fiscal
2021-2022. There will be no wonders if growth ends up over 8% plus in
2023 as the trends indicate. Growth wise it was a good year with most of
the majors growing.
A few companies didn't do as expected due to some internal regions,
overall the trends has been positive.
Revenue-wise: This year 2021-22, the industry was showed a
growth of over 5% over the previous fiscals' revenue went up to nearly
6950.00 crore of revenue was recorded. A clear indicator of a growth
over past couple of years. The GDP which was ones at all time low at
-22% in the its now the fastest growing economy in the world amongst all
countries as per World Bank growth index published at the end of third
quarter of 2022.
Volume-wise: Industry sales also went up to 6.10% over
previous year in volume terms. This clearly indicates shrinking margins
in cases of orders obtained thru tenders and sales to SI's. One must be
clear in mind that this is a very good performance considering the stiff
competition and the squeezed margins in view of hammering the companies
got during the global economic meltdown & currently facing INR slide and
a strong dollar value. However, Softdisk has been long campaigning for
companies to look for Bottom Line then Top Line.
Of the total revenue of 6950.00 crores, Online UPSs accounted for 93%
while Offline & line interactive UPS show a drop in growth of 7% in
volume terms and not have not been a significant contributor in decrease
in revenue terms,it increasingly becoming a low margin a high volume
game.Modular UPSs have become a hot cake especially in the ITES market &
many Indian UPS manufacturers have also ventured in to this space.
Smaller UPS companies have opted for SPCUs.
In revenue term they contributed nearly 2.23% to the GDP. Cooling
solutions, Batteries for Home UPS & Inverters were not considered. Sale
of SPCUs has definitely picked up. Most MSME level UPS manufacturers are
moving towards SPCUs. Of the total revenue organized sector accounted
for nearly 89% while 11% came through semi organized and unorganized
Softdisk went about finding the state of the industry and also how
deep they were actually affected by Covid-19 and as India continues to
establish itself in to a fast growing economy becoming 5th largest
economy in the world . The first quarter of the financial year 2022-23
was far better as compared to last fiscal. Projects have been coming up
in almost all areas but the demands continues to boost, with Atma
Nirbhar Bharat Campaign taking up and start-ups coming up in large
numbers have increased the demand for having pure continues power. The
overall effect is putting expansion plans on a fast track. However,
things will further improve in third quarter with government taking lots
of measures and investing a lot of infrastructure and defense cooridors.
Growth for big IT, ITES & TELCOM segment even during recessionary trend
continued was a positive trend for tower infrastructure. This has kept
mid segment market for UPS going well (up-to 200KVA). A small power data
center with power requirement of 25, 75 to 200KVA rating are also going
as per plans. Softdisk believes that more and more people are moving
towards Solar. Some have even manufactured and installed Grid Sharing
Solar UPS, with hybrid charge facility (Photovoltaic & Mains). Vertical
wise bifurcation for year ending March 2022.
Amongst the UPS major, Vertiv-Liebert with 14% share leads followed
by APC-Schneider 12%, Legrand Numeric 11% , Fuji Electric 9% , and AVO
4%, BPE 3%, Eaton 2%, Socomec 2% While others (Including Indian biggies
like Techser, PowerOne, Hykon, Uniline etc.) account for rest.
Softdisk now predicts a growth of 7% plus percent that the
total industry revenue will touch INR 7440 crore approx by
March, 2023. We talked to Industry Captains trying to know what
the industry leaders thought of a future ahead. Many had little
or no doubt to what Softdisk has predicted earlier, even though
this response and continued to have faith on Softdisk analyses,
more so the dicesion making utility it has become to the major
clients. Rosy future awaits all. Indian economy is growing & so
will be the Power Electronic Industry. Softdisk remains
committed for transparent reporting, in-depth analysis and as
always throwing up forecast & estimates which you can Rely Upon
We have Faith, You Rely on us,
We Rely on facts.
to Mr. Subodh Gupta, CMD, Microtek International, The progress of the
Power Backup industry, be it Home Ups, UPS for computers or ONLINE UPS
for critical applications has been constant and growing. As by the
government's initiative of making power available to every corner of
India, the demand for power has also been growing, so is the need for
more stable and uninterrupted power. Hence for the next year also we
expect the same growth or it could be little more as the economy is
opening up post covid.
The effort of Soft Disk or we say of you Dr. Sai as both are
synonyms, has been un comparable for the last 3 decades. Like the
industry you have been keeping the flag flying high despite so many
hurdles and ups and downs during the journey of the last 3 decades.
Many companies have emerged, merged and many have diminished but the
SD institution has kept the spirits flying high and has been motivating
the companies in this sector year after year with SD Awards. We
congratulate Soft Disk and Dr. Sai both on the celebration of 3 Decades
of SD Awards. and also wish for another 3 Decades of greater success.
to Mr. I B Rao & Mr. M R Rajesh, Directors of Powerone Micro Systems
Pvt. Ltd., Bangalore 2022 is a very significant year in the UPS
industry. India wanted to be a parallel force to China in Manufacturing.
So Indian UPS market has to invest on its Manufacturing facilities and
Factories. The growth possibilities are tremendous. As an Indian
Manufacturer our challenge to compete with global products and supply
world-wide, will be tested. We have started our initiatives to those
directions already. Softdisk always stood along our way during these
years and as expected to be. We wish all the very best for their kind of
support and media attentions we got.
in India many UPS companies have taken over by MNC companies & these
companies have grown in big way due to big investment & very
professional management. your survey is done for top ranking is
comparing both Indian & these MNC companies & none of these Indian
companies can get better ranking over these MNC companies. Hence you can
make two different categories MNC & Indian companies. with this many
small /Mid-size Indian companies also can be in the list of top 10
companies which is big encouragement & recognition to them.
Our relation with Softdisk started well before they started
conducting the Power Electronics Market Survey in India. Being one of
the most unorganized sectors, those days, Softdisk, has predominantly
contributed to find out and Analyze the size of the market. We recall
the time invested by the Softdisk team to understand our kind of
business over the years. Brought together, every year thru annual
awards, Softdisk has become the media pillar for the entrepreneurs and
it helped the upcoming UPS manufactures to exchange their views and
understand the ideas about future opportunities in India.
Powerone always stood along with Softdisk and whole heartedly
supporting their initiatives in the market. Exchanging ideas and growth
data helped us to understand our position in the market and it our
annual conference has discussed about our growth based on Softdisk data.
Softdisk hold a major part in the industry with its novel ideas of
Product introduction, Data Collection and its analyzation. Softdisk also
extend its team to reach the upcoming companies to make sure that the
industry always gets its attention.
to Mr. Rajaram Ramamoorthy of Electronics & Controls Pvt. Ltd.,
Bangalore, says as per various market reports, the UPS market in India
is expected to expand at a CAGR of over 8% from till atleast 2025.
Despite the giant steps taken by the Government to generate additional
power capacity, India being still a power deficit nation, power shortage
acts as a great opportunity to the Power Backup industry of India. Since
every organization today uses computers to carry out their business,
there is been a growing trend in recognizing UPS systems as an essential
power backup device. Sustained growth in economic development is also a
key driver for increase in power requirements. There is a huge demand
for inverters and UPS systems in various sectors across India. The major
driver is the IT sector, followed by the IT enabled services and
industries, including telecom, banking, financial services and insurance
(BFSI), and manufacturing.
Post Covid, the move to remote work focusses on the need to maintain
power continuity at homes. UPS systems have become integral part of our
daily life. UPS has emerged as a very important appliance as it helps
to save the important data in E-Commerce, data centres, servers, and
electronic & medical equipment as they need high level of uninterrupted
power supply and thus generating significant demand for high power range
of UPS systems in India.
Several global giants such as Mercedes BENZ, Target, TESCO, General
Electric, Toshiba, Siemens, and Boeing (among many more) have either set
up their Development Center / R&D or are in process of setting up their
manufacturing plants in India. The aforementioned developments along
with the rising number of data centres across the country will propel
the demand for uninterruptible power supply systems in India over the
years to come.
Further, the Government's initiative to digitize various internal
departments and 'The National e-Governance Plan' will further boost the
demand for UPS systems. Additionally, the initiative "Make in India"
intended to improve local manufacturing will in turn have a positive
impact on the commercial UPS segment. Demand for high-end UPS is
expected to emerge from growing installations of high-end electronic
equipment and machineries in industrial set-ups.
With the above being certain to continue over the next 3-5 years,
growth atleast at the rate of 8% CAGR will not be a surprise which will
propel the Indian UPS market to witness double-digit growth in the
SoftDisk, the UPS Industry magazine, was started by Dr. Sai Krishnan,
when he found that there is a niche industry which is silently powering
critical processes with uninterrupted power. While there were many
magazines which were promoting / publishing adverts of IT Products and
Peripherals, there were none to recognize or focus on the UPS Industry.
Dr. Sai, seized this opportunity and quickly networked with the
prominent players of the Indian UPS Industry. He started collecting data
from the Indian UPS Companies and started analyzing the data and
publishing them on an annual basis. Analysis of various important pieces
of information and assessment of the products and services of the Indian
UPS companies, SoftDisk started ranking the Indian UPS companies and
their Customer Satisfaction Ranking. SoftDisk, since inception in 1990,
has been consistently doing this survey since 1992 and has been
awarding the top ranking UPS companies for the last 30 years, this year
2022 being the 30th year anniversary.
Receiving and Collating data & analysis from over 700 UPS companies
is no easy job. Dr. Sai, with the help of his dedicated staff ensures
that data is presented to the Industry. Dr. Sai is also very well
connected with the Indian UPS Industry, which helps to bring together
all UPS Manufacturers to sort out issues faced by the Industry on
aspects related to GST, customs, Service Tax etc.,
to Mr. S. Sabapathy Micron Systems & Controls Pvt. Ltd., Bangalore, the
energy industry in India weather be regular power or the renewable
(Solar, wind or Biomass) has been witnessing a steady growth post Covid,
it has been a good last year and the trend continues. I personally
expect that we should able to touch double growth in-spite of
difficultly in component procurement.
Digital India initiative has boosted the requitement of continue
power and so has been e-commerce initiative, further the work for home
culture that picked up during Covid has increased the need for homes to
have continues and pure power which has helped increased the market.
Soft Disk is not just a Magazine but it is the Business partner for
our power Industries. An agency which provides accurate data which helps
us to redefine and develop our business strategy in right direction. As
they say "Data is the Business!" and Business means good correct data.
We congratulate Softdisk for the achievement of 30 years award ceremony
as uninterrupted as we call our industry we may fail but Softdisk wont.
Our best for the year ahead. May they continue like this forever.
Sumanth Kumar, President, (UMDA), : At the outset, I wish to
congratulate you and Softdisk India team members for their uninterrupted
completion of 30 years in supporting the UPS industry by providing us
with honest and constructive feedback. This had a significant impact on
the growth of our industry. You have been reaching out to all of us in
our UPS industry and collecting data by giving strong attention to all
the details pertaining to the industry.
As President of UPS Manufacturers & Dealer's Association, I
appreciate you for sharing your contacts with Government institutions
and extending your expertise in preparation of representation for
clarification on GST issues. Your enthusiasm and ability to motivate
others and promote team spirit has been your strengths. I could
visualize your intentions, to see Indian UPS Manufacturers as leaders in
global markets in terms of technology and price. We wish to express our
sincere gratitude for uniting all Manufacturers in India and supporting
us in achieving our goals as global leaders in UPS industry.
As far as industry is concerned, the growth is eminent. As economy up
further new avenues open up for both large and small UPS manufacturer.
With the ATAMSNIRBHAR BHARAT ABHIYAN picking up we have seen many a
start-up coming up each month also work from home culture requires the
households to have continuity of power giving smaller UPS manufacturer a
new avenues, also with India going more & more digital and even smaller
shops & road side kiosks using e-Pay thru UPI scan for payment purposes
gives boost to having continuity of power as an essential requirement.
On the other hand also the corporate turning towards Big Data have given
rise to Data Center from small, medium to Hyperscale Data Center
catering to various types of business using different techniques of
computing the large scale UPS Modular UPS have picked up their sales.
to Mr. Rabindra Agrawal, MD Switching AVO Electro Power Liited
Increasing penetration of IT/ITES sector in Tier-II & Tier III cities of
the country is anticipated to boost the demand for UPS systems in the
coming years. With 63% of Defence procurement budget being allocated for
indigenous purchase has raised the demand for high-end regenerative load
based UPS systems in various manufacturing & mining vertical. All this
augurs well for the industry.
We thank Softdisk for continuously putting efforts in analysing.
Appreciation and recognition are powerful motivators leading to increase
the performance of an organization in all the aspects. Softdisk is not
just a magazine, which is comprised of all the aspects of Uninterrupted
& pure power but also the renewable. The efforts put forward by Softdisk
to educate and update the readers are remarkable. We wish all the
success to Softdisk &
Dr. Sai for the upcoming years. Dr. Sai is an institution in him
self, the transparent reporting by Softdisk without any prejudice is
clearly visible. We thank entire team Softdisk for this remarkable
milestone (3 Decades of SD Award) achieved.
to Mr, Christo George, CMD Hykon India Limited, Trishhur, Softdisk,
under the leadership of Dr. Sai Krishnan is doing a noble activity of
connecting all the UPS and Solar EPC to a single platform. Softdisk is
taking a great initiative to highlight about the new technologies and
other opportunities in the field of Power Electronics and Solar.
Softdisk awards & ranking is having a great value and being respected by
industry leaders for its transparency. Softdisk has been doing this
award functions continuously for the last 3 decades, which is really
commendable and appreciable deed. Every industry leaders look forward to
the UPS cum Solar Day each year. This didn't stop even during peak Covid.
as it paves way to a great meeting place to industry pioneers. This
helps the industry leaders to meet each other and understand more about
the opportunities and issues in the Power electronics and solar industry
He adds o the industry front : The growth of Online UPS will go up in
the coming years. In the case of line interactive UPS below 3KW, the
market will come down. The reason is that most of the offices started
using Laptops instead of desktops. In home segment also the desktops are
getting converted into laptops, so the need for small UPS is getting
As the industrial growth is happening in India and most of the
machineries are becoming sophisticated with IOT and electronics
controls, the need for higher capacity UPS will go up. The Online UPS
with capacities above 10KW will have a growth of 200-300% in the next
Another area opening up is the higher capacity UPS to control the
entire factory machines. This is to control the peak demand load from
the Electricity providers. If in an Industry if the peak demand crosses
the maximum demand, Electricity providers are putting penalties. This
can overcome by installing online UPS which can provide the peak demand
power for the connected load. The UPS can set in such a way that
if the demand crosses the power should be taken from the batteries
connected to the UPS. In this type of UPS, the batteries can be charged
using Solar panels.
- Maximum demand fixed for an industry = 100KW
- Continuous power taken by Industry's machines = 80KW
- Then, the Maximum demand should be 80KW
But some machines like computers will take high surges while
The peak power for a machine = 120 KW for 60 secs. Then maximum
demand will become 120KW. So there should be a penalty and the Industry
have to pay monthly extra charges for 20KW.
This can be solved by installing a Higher capacity UPS with minimum
battery pack. By this way, the peak power will be supplied from the
I congratulate Dr. Sai, and Team Softdisk for doing a wonderful
service to the Power electronics and Solar Industry fraternity of India.
to Mr. R K Bansal, MD, Uniline Eergy Systems Pvt. Ltd. New Delhi. The
UPS industry is now matured in terms of technology and application. UPS
industry is moving from higher backup to lower backup as the power
position is improving all over the country. UPS industry is also moving
towards Lithium-Ion battery instead of SMF VRLA battery for better
efficiency and from lower capacity Online UPS to Sinewave output Line
SOFTDISK magazine is backbone of UPS industry for the last 30 years
and serving this industry covering all aspects of UPS industry with
respect to technology, application, etc. SOFTDISK is also raising UPS
industry concerns with respect to GST and other issues at various
platforms at GST council & Government levels.
to U B shenoy, of Alpha Power,Bangalore : It is tough to stay put in the
same place for a very long time. However, maybe the word "Tough" wasn't
in Dr. Sai's dictionary, and he has sailed together with our industry
through all the harsh and good times. Setting an exemplary standard for
all of us with your work ethics and your dedication. Words are not
enough to thank you for everything that you have done so far for the
entire industry. However, I would like to extend my warmest greetings on
the occasion of 32nd Anniversary. I would like to congratulate you on
achieving this fantastic professional milestone of 3 Decades of SD
Awards. And also wish you the best of luck for times to come.
The Power Electronics Industry has been doing very well as Indian
economy open up not only to FDI but the growing numbers of start-ups and
almost one turning in to unicorn every month is a great indicator to the
growth of the industry. This has increased the penetration of the
penetration of Power Electronics Industry in to IT/ITES sector in
Tier-II & Tier III cities of the country which was not so before,
making it a big reason for the boost the demand for uninterrupted
power in these places.
Post Covid, the move to work from home is also a reason on the need
to maintain power continuity at homes. UPS systems have become integral
part of our daily life. UPS has emerged as a very important appliance
as it helps to save the important data in E-Commerce, data centres,
servers, and electronic & medical equipment as they need high level of
uninterrupted power supply and thus generating significant demand for
high power range of UPS systems in India.
Several global giants have set up their facilities in India or their
Development Center / R&D or are in process of setting up their
manufacturing plants in India. The aforementioned developments along
with the rising number of data centres across the country will propel
the demand for uninterruptible power supply systems in India over the
years to come.
to Mr. Y B Suresh, Director, Total Power Conditioners, Pvt. Ltd,
Bangalore coming year may be the most challenging in terms of business,
particularly for SME segment, because of raw material short supply and
fluctuations in pricing of raw materials. After effects of pandemic as
well as Globally lot of geo political conflicts is forcing instability
in supply and cost of raw materials and also because of weak Global
economic conditions, demand for end products also going weak in the
market. At present situation supply of semiconductors like Controller
and Switching devices are in acute shortage and every supplier is rising
supply lead period over 52 weeks with most of the time with no certainty
in pricing or supply. As SMEs are unable to plan and invest for anything
above 45 - 60 days of inventory, because of very long lead time in
supply of raw materials, it becomes very difficult sometimes.I take this
opportunity to congratulate Dr. Sai and his team on the occasion of
celebration of 3 decades of SD awards and 32 years in the industry. It
is an honour for any company to reach 25 Years, but in case of Soft Disk
it is 32 long years, it served the industry with great courage and
enthusiasm and going very strong in coming years also with the
leadership of Dr. Sai Krishan, he very determined and dedicated to
support the industry, also devoted his time and energy to Softdisk to
reach the stage it is today.Softdisk Awards are encouraging businesses
across the industry. Softdisk is like a guardian of UPS and Solar
industry, it is supporting and encouraging the industry in each and
every step, also associated with the industry in its up and downs and
doing rescue act when the need arises. Softdisk is the major force is
keeping our Power (UPS and Solar) industry United.
to Mr. Ramesh Khosla & Adiya Khosla, Directors of Nexus Power Systems
Pvt. Ltd., New Delhi industry is coming back on track but will take some
time for smaller plyers to realize its full potential. They are very
happy with the Atmanirbhar Bharat Abhiyan, as dumping of Chinese brands
was the main reason for smaller players not growing fast. Though
component sourcing is area of difficulty, but still believe that smaller
companies will start getting benefit as big players have to raise their
prices. They ere very appreciative of Softdisk and its continued effort
it had put over the past 32 years making the memorable movement of 3
Decades of SD Awards. Mr Khosla lauded the efforts of Dr. Sai for the
commitment shown and conducting near real function digitally during
to Mr. K M Krishnamurthy, MD, Powernet Solutions Pvt. Ltd. Bangalore,
Market have started picking up, but this is not the time to talk on
that. Its Softdisk Time and we say of you Dr. Sai & Softdisk you
synonyms, you have been uncomparable for the last 3 decades. You have
kept the industry flag flying high despite so many hurdles and ups &
downs during the journey of the last 3 decades. Many companies have
emerged, merged and many have changed there line of business, But for 3
SD Awards stands tall any only scale of measurement.
to Swarup Paul, MD, of Guwahati based Better Power Solutions Pvt. Ltd.:
India being a power deficit nation has a large market for power backup
products. There has been a growing trend in recognizing UPS & Solar
products as an essential power backup device as nearly every
organization today uses computers to smoothen their work-flows.
E-commerce, data centers, servers, & electronic & medical equipment need
a high level of pure & uninterrupted power supply & Solar Panels and
thus generating significant demand for the high-power range of UPS &
Solar Panel systems in India. Therefore, the Indian Power industry is
expected to witness double-digit growth in the coming years. Soft Disk
has been providing the industries a great platform to all industrial
products to come under a single roof and showcase their products and
helping people to know about the various updated industrial items for
the last 32 years. Ranking and rating them has given even the smallest
of companies to get noticed. Great work by Dr. Sai & his team Soft Disk
to achieve which many a magazines tried to emulate and failed, but Soft
Disk Completing 30 years of SD Awards with out even a break during Covid
is a no mean achievement.
to Mr. Shankar Nagali, MD, Cosmic Micro Systems Pvt. Ltd. Bangalore. The
UPS industry has taken off once again in terms of Market, technology and
application. UPS industry is moving from higher backup to lower backup
as the power position is improving all over the country. SD Awards are
in their 30th year have already achieved big mile stones. It is now for
UPS manufacturers to support it and take it forward with such a
wonderful team content writers, survey team and design team, Now on 1
first of every month the web edition also changes. Kudos to Dr. Sai for
bringing in such a wonderful set of people together, gelling them
together and yet be as humble and grounded as a man can be. SOFTDISK is
also raising UPS industry concerns with respect to GST and other issues
at various platforms, which is commendable.
to Mr. Nararyan Sabhahit, MD, Techser Power Solutions Pvt. Ltd.
Bangalore having recovered from Covid completely, India's economy is all
set to bounce back due to internal consumption Also energy crisis in
Europe (making manufacturing expensive or unviable) & China's continued
Covid problems coupled with real estate collapse could present an
opportunity for Indian manufacturers as favorite destination for
western countries. Because of above reasons, the manufacturing
activities will see a surge. Softdisk has grown from 'just another' to
'Only sought-after prestigious magazine/award in UPS Industry' When
Soft Disk started Awards in 1990's honestly most of us looked upon this
as just another magazine/award. Unbiased evaluations of UPS companies
has made SOFTDISK a trustworthy source for all UPS buyers. Today
Softdisk's awards issue finds a prime place in most of MSME/corporate's
bookshelf. Similarly, most of the UPS awardees prominently display their
awards in their show cases and websites.
to Mr. Shivaji Waghmare CEO Fuji Electric India Pvt. Ltd., due to
frequent power outages, India has always been a large consumer of power
backup products. Urbanization and digitization influence the adoption of
online UPS systems significantly across industries. Although the power
condition has improved a lot in recent times in India, it is still
insufficient to meet the rapid industrial expansion and the growing
intolerance towards unplanned power cuts. Today, we witness the rapid
growth of business and hybrid work culture from tier II, tier III &
semi-urban and rural areas, which further scales the need of online UPS.
Also, the inclusion of more and more electronic products in our everyday
lives, coupled with government initiatives like Smart Cities and Digital
India, has acted as a catalyst in increasing the sales of power backup
When it comes to a publication that regularly keeps a close watch on
this Power backup industry, Soft Disk, has played a significant role for
the past 30 years. Their annual reporting and ranking companies every
year, reaching the milestone of 30 years. We would like to congratulate
the entire team of Softdisk and Dr. Sai for keeping the flag high and
covering the power backup sectors. We also wish the whole team
tremendous success in the coming years.
to Mr. Satpal Singh, CEO Numeric (A Brand Legrand), the recent report on
World Energy Outlook by International Energy Agency (IEA) has said that
India will witness the world's largest rise in energy demand, due to
rapid urbanisation and industrialisation. RBI and various international
agencies has estimated that India will continue to have a high GDP
growth compared to other countries. There is more reason to strongly
believe that the industry is in a very exciting growth phase.
With India fast becoming a digital economy and a massive push on the
digital initiatives across segments, there is a data explosion,
accelerating growth of data centres across scale. This calls for
uninterrupted power continuity further fueling the growth for UPS. On
the other hand, the rollout of 5G will further accelerate the demand.
The growth across all segments, rapid digitalization, enhanced
connectivity and thrust on infrastructure development will fuel the
growth for the Numeric is well poised to take advantage of this growth
with the right mix of products, solutions and the service strength.
I join all the Numericans in congratulating Softdisk for this
milestone. It calls for a lot of dedication and determination to be able
to consistently bring out the magazine for the last 3 decades. The
efforts of Softdisk in bringing the UPS manufacturers together on the
same page, the industry stories and the SD Awards are commendable. We
wish you and your team good luck and best wishes for your continued
Currently, UPS business is getting & bright due post pandemic.
Companies shouls be prepared to target the potentially high growth
segments with right kind of quality products may benefit more. Service
support and having good market penetration will succeed more while some
may struggle to catch up. Softdisk appeals to the manufacturers not to
under quote in a raise for top line, but to focus for profitability by
improving the bottom line.
We wish a very good year ahead for all the industry friends.