India Battery Energy Storage System (BESS) Market Breakdown By Size, Share, Growth, Trends, and Industry Analysis| MarkNtel
MarkNtel Advisors recently published a detailed industry analysis of the India Battery Energy Storage System (BESS) Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
India Battery Energy Storage System (BESS) Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The India Battery Energy Storage System (BESS) Market size was valued at around USD 7.8 billion in 2024 and is projected to reach USD 32 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 27% during the forecast period, i.e., 2025-30.
What are the major Driver the India Battery Energy Storage System (BESS) industry?
Increasing Adoption of EVs Driving Market Growth – The increasing penetration & adoption of EVs are creating a high demand for BESS in the Indian market. These systems are essential in the creation of a robust charging infrastructure that ensures stable and efficient charging during peak hours. Around 1.94 million EV units were sold in 2024 in India which reflected the year-on-year growth rate of around 27%. This high penetration of EVs in the market is increasing the need for charging infrastructures, further driving the BESS market. With the rise in the adoption of Electric Vehicles, there is a higher requirement for developing efficient energy storage solutions. This supports India's overall transition to sustainable transportation and energy systems, further boosting the market growth. BESS also helps in stabilizing the grid & preventing overloading by storing energy in non-peak hours and later optimizing the charging process when in need. This makes it essential to manage energy efficiently and ensure a reliable power supply for EVs.
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What segments define the India Battery Energy Storage System (BESS) market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
· By Capacity
o Small Scale (Less than 1MW)- Market Size & Forecast 2020-2030, USD Million
o Large Scale (Greater than 1 MW)- Market Size & Forecast 2020-2030, USD Million
According to report, By capacity, Large Scale (Greater Than 1MW) Leads the India Battery Energy Storage System (BESS) Industry.
· By Type
o Lithium-Ion Battery- Market Size & Forecast 2020-2030, USD Million
o Lead Acid Battery- Market Size & Forecast 2020-2030, USD Million
o Flow Battery- Market Size & Forecast 2020-2030, USD Million
o Others
According to report, Lithium-Ion Battery leads the India Battery Energy Storage System (BESS) Market with a market share of around 63%.
· By Ownership
o Customer-Owned- Market Size & Forecast 2020-2030, USD Million
o Third-Party Owned- Market Size & Forecast 2020-2030, USD Million
o Utility Owned- Market Size & Forecast 2020-2030, USD Million
· By Connectivity
o Off-Grid- Market Size & Forecast 2020-2030, USD Million
o On-Grid- Market Size & Forecast 2020-2030, USD Million
· By Application
o Residential- Market Size & Forecast 2020-2030, USD Million
o Commercial- Market Size & Forecast 2020-2030, USD Million
o Utility- Market Size & Forecast 2020-2030, USD Million
o Others
Explore the Complete India Battery Energy Storage System (BESS) Market Analysis Report – https://www.marknteladvisors.com/research-library/india-battery-energy-storage-system-market.html
Geographical Analysis: India Battery Energy Storage System (BESS) Market
o North
o South
o East
o West
India Battery Energy Storage System (BESS) Market Share & Competitive Landscape:
The India Battery Energy Storage System (BESS) Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the India Battery Energy Storage System (BESS) Market are:
- Exide Industries Ltd.
- Delta Electronics, Inc.
- HBL Power Systems
- Eveready Industries India
- ABB India
- Honeywell Automation India Limited (HAIL)
- Amara Raja Group
- Ampere Hour Energy
- Baud Resources Nunam
- Luminous
- AES Corporation
- Toshiba Corporation
- Rays Power Infra
- Statcon Energiaa
- Vyomaa Energy
- Adiabatic Technologies
- Panasonic Corporation
India Battery Energy Storage System (BESS) Industry Recent Development:
- January 2025: India’s first battery energy storage system headed by BSES Rajdhani, to go live in south Delhi’s Kilokri in March 2025 approved by the Delhi Electricity Regulatory Commission.
- April 2024: Exide Industries Ltd. signed a memorandum of association with Hyundai Motors India & Kia Corporation to onboard EESL (a subsidiary of Exide) as a supplier of lithium-ion cells and battery packs for use in its electric vehicles.
Questions Addressed in this Study
1. What factors are driving the India Battery Energy Storage System (BESS) Market growth?
2. How is the India Battery Energy Storage System (BESS) Market expected to grow over the next five years?
3. What are the key insights into the current trends in the India Battery Energy Storage System (BESS) Market?
4. What is the current size of the India Battery Energy Storage System (BESS) Market, and how is it projected to change in the future?
6.What is the future outlook for the India Battery Energy Storage System (BESS) Market in terms of technological advancements and market expansion?
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