Press release from Business Wire India
Source: Frost & Sullivan
Monday, June 24, 2013 04:42 PM IST (11:12 AM GMT)
Editors: General: Entertainment, People; Business: Business services, Energy companies, Information technology, Media & entertainment; Technology
Increasing Energy and Power Quality Requirement Fuels the Demand for Backup Power Products, Says Frost & Sullivan at its 2nd India Backup Power Executive Summit and Awards Banquet
An Evening where Achievers across Diesel Genset, UPS, Battery and Power Inverter Categories were Recognized
New Delhi, Delhi, India, Monday, June 24, 2013 — (Business Wire India) — After the runaway success of the first edition of “Indian Backup Power Industry Executive MindXchange” in 2010, Frost & Sullivan’s Energy & Power Systems Practice organized yet another successful Summit, the ‘2nd India Backup Power Executive Summit and Awards Banquet 2013,’ at Leela Kempinski, Gurgaon, India.
Power is one of the key infrastructure elements supporting a nation’s growth. India has grappled with a power deficit situation for several decades now. In fact, the power generation capacity addition has rarely been able to keep pace with the demand for power. An outdated transmission and distribution (T&D) network also results in high aggregate technical and commercial (AT&C) losses, as well as poor power quality. While proliferation of industrial, commercial, retail, and residential complexes is increasing the overall power demand, growth in mission-critical equipment is resulting in increased demand for high-quality reliable power.
Several alternative power sources have attained strategic importance in addressing this deficit and meeting consumers’ power requirements. In fact, backup power has become a ‘way of life’ in India for consumers ranging from households to large commercial complexes, hospitals, data centers, process industries, etc.
With this backdrop, Frost & Sullivan’s 2nd India Backup Power Executive Summit and Awards Banquet 2013 aimed to bring under one roof representatives of the entire gamut of the multi-product backup-power industry – from diesel generators and power inverters, to UPS and industrial batteries – to create an interactive forum for the exchange of knowledge and ideas. The Summit also had representation from prominent end-user segments. Additionally, customer-research-based excellence awards were bestowed upon companies that have demonstrated excellence on various parameters within their respective product categories.
Mr. Amol Kotwal, Associate Director, Energy & Power Systems Practice, Frost & Sullivan presented a perspective on ‘Mega trends shaping the Indian economy and its impact on the Backup Power Industry.’ He focused on seven mega trends – Urbanization, Infrastructure Development, Generation Y, Working Age Population, The Middle Bulge, Connectivity, Future Economic Growth, and other facts related to these mega trends, highlighting what potential impact these are expected to have in driving consumerism, infrastructure requirement, etc. Mr. Kotwal said, “These could further act as growth drivers for various backup power products across industries and applications such as realty, IT/ITeS, malls, industrial, and the manufacturing sector, etc. Despite aggressive plans of power capacity additions within the country over the next decade, the increasing energy and power quality requirement fuels the demand for backup power products like UPS, diesel gensets, inverters, batteries, etc.”
Mr. Krishna Srinivasan, Global President & Managing Partner, Frost & Sullivan spoke on the Top 10 Markets to Watch (viz. Smart Energy, Smart Grids, Smart Buildings, etc.) for in 2020 Globally, due to the convergence of Energy and Environmental technologies. Mr. Srinivasan said “These Markets Globally are picking up growth and are expected to emerge in the Indian context in the mid-to-long term, thereby impacting the growth of backup power industry in India as well’.
The chief guest for the Summit was Mr. Sunil Khanna, President & Managing Director of Emerson Network Power (India) Pvt. Ltd. Other eminent industry personalities present at the Summit included Mr. Marc Werle, CEO of Numeric; Mr. Manas Kundu, Director – Energy Solutions – International Copper Promotion Council India; Mr. Damien Carroz, President R&D and Industrial – Luminous Power Technologies (P) Ltd; Mr. K. V. Nachiappan, Director – Marketing and R&D – Numeric; Dr. Dipak Sen Chaudhuri, Executive Vice President and Chief, R & D, Industrial, Exide Industries Ltd; Mr. P Palaniappan, Senior Vice President and Business Head, Mahindra Powerol Business; Mr. Tarit K. Ray, Vice President – Institutional UPS, Railways, Telecom and Solar, Exide Industries Ltd.; Mr. Sameer Saxena, Vice President – Marketing, Group Legrand India; Mr. R Vasudevan, Vice President – Enterprise and Telecom Business, Emerson Network Power (India) Pvt. Ltd; Mr. Rahul Mundra, Director, True Power International Ltd.; Mr. R. G. Thalwani, Technical Advisor, Desein Pvt. Ltd.; and Mr. G. N. Dwivedi, Senior Vice President (O&M) – Viom Networks Limited.
The much awaited Awards Banquet was an apt conclusion to the evening. The recipient Companies were delighted to be recognized and felicitated for their excellence on an illustrious industry-wide forum and pledged to continue to strive toward customer satisfaction.
Numeric supported the Summit as the Gold Partner and Emerson Network Power (India) Pvt. Ltd. & Schneider Electric IT Business India Pvt. Ltd. were the Silver Partners.
Media Partners who supported this Summit were – Energetica India, Electricals Today, Industry 2.0, Power Today and Power Watch India.
Asia Power Quality Initiative (APQI) was the Education Network Partner.
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To view the Awards Recipients, please click on the link given below:
For picture(s)/data to illustrate this release click below:
Ravinder Kaur, Corporate Communications – South Asia, Frost & Sullivan, +91 9940141714 / +91 (44) 66814080, email@example.com
Priya George, Corporate Communications – South Asia, Frost & Sullivan, +91 9840355432 / +91 (44) 66814456, firstname.lastname@example.org
Nimisha Iyer, Corporate Communications – South Asia, Middle East & North Africa, Frost & Sullivan, +91 9820050519 / +91 (22) 66072004, email@example.com
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