As per CRISIL, data centres are emerging as an attractive infrastructure asset class in India. The industry is expected to add almost 850-900 MW capacity during fiscals 2023-25. With such exponential growth in India, this year, BPE is now expanding and strengthening its Data Centre Business Solutions in India.
Amitansu Satpathy, Founder and Group Managing Director, Best Power Equipments (BPE) shares his insights on current status of the power industry, data centres growth in India and its prospects.
1. How do you look at the current scenario of the power solutions industry?
The power solutions industry is booming at an unprecedented rate in the country. In 2022, India’s power demand grew about 8% — or at nearly double the pace of the Asia Pacific region — to more than 149.7 terawatt-hours from the previous year. And in the first two months of 2023, demand jumped 10% from a year ago, given that lifting of lockdown has led to higher economic activity. The addition of capacity to generate power—from fossil fuel or renewable sources need time and investment, whereas demand from hi-tech industry is unparalleled, which cannot sustain even a second power disruption. Hence, the growth of the power solution industry is expected to be robust and growing.
2. What is the future of the UPS and inverter market in India?
According to a trend-study by Businesswire, India UPS Market was valued at INR 84,794.76 million in 2022 and is expected to register a CAGR of 7.32% during the period 2022-2028, owing to favourable government initiatives, and growing demand for power backup solutions by the data industry, implementation of smart technology and maintenance of smart equipment. Residential, manufacturing, industrial, IT/ITES, BFSI, SME, healthcare, telecom, retail, education, and government sectors all make extensive use of UPS systems and the demand for Smart-UPS system based on green fuel will lead the future growth.
3. How big is the Indian market for BPE? Where do you see India as a market in BPE’s global footprint?
The Indian market is huge and we’re just an entrant for it.. Currently, BPE is growing at 17% annually. The potential for growth is unparalleled. BPE aims to align to 4.0 technology, which is enabling faster, more flexible and efficient processes to produce higher-quality goods at reduced costs. Our aim is to be the leading manufacturer in the industry, with innovation and adapting to market changes.
Talking of India as a market in BPEs global footprint, it’ll be the core of our operations, allowing us to make the most of our business at a steady pace. We are focused on increasing our international expansion, while strengthening our operations in Indonesia, Malaysia, Singapore, the Middle East, and UAE. Currently, we are supplying modular UPS, Energy Storage Solutions, IoT-enabled technology to our customers by allocating more distributor and channel partners for international and domestic distributors.
4. Please tell us about the journey of Best Power Equipment’s India Pvt. Ltd.
Established in 2000, BPE has expanded its power solutions across various industries in the past two decades, from IT, Industrial, Health care, and Telecom to Data centers and many others. Headquartered in Noida for over 22 years, BPE has effectively penetrated many global markets by providing cost-effective and reliable power solutions to OEM’s, end customers, system integrators, distributors and channel partners. Our regional office has been set up in Singapore.
5. What is the growth and market of Data Center Solutions in India?
As per CRISIL, data centres are emerging as an attractive infrastructure asset class in India. The industry is expected to add almost 850-900 MW capacity during fiscals 2023-25. With such exponential growth in India, this year, BPE is now expanding and strengthening its Data Centre Business Solutions in India.
As digitization is adapted across sectors, the data center market is on a fast lane with rapid growth and currently has a massive market size of USD 10.09 billion (appx.) and is forecasted to grow at a CAGR of 15.07% from FY2022 to FY2027.
6. What are the products and services you offer?
Our services are end-to-end solution providing—to identify the need of the customers, suggest best value for money solutions, install the machines and also provide quality after-sales service. Power back-ups are essential to every business and there can be no way to falter on uninterrupted power supply.
Our product offerings include Line Interactive UPS, Single Phase Online UPS, Three Phase Online UPS, Modular/Rack Mount UPS, Monitoring system, Energy storage systems (single-phase and three-phase) and complete power solutions including data centers.
