Off-grid Energy Storage Market in India 2017-2021

  • ID: 4397294
  • Report
  • Region: India
  • 69 pages
  • TechNavio
OFF
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

1 of 6

FEATURED COMPANIES

  • ABB
  • Amara Raja
  • Delta Electronics
  • Exide Industries
  • NEC Energy Solutions
  • Panasonic India
  • MORE
About Off-grid Energy Storage

Energy storage systems store surplus electricity that can be used during power shortages, blackouts, and peak hours of demand. Off-grid energy storage systems are decentralized structures designed for standalone power and help consumers in remote locations. These systems complement diesel generators or intermittent renewables sources by providing backup during low voltage or power outages.

The analysts forecast the off-grid energy storage market in India to grow at a CAGR of 15.17% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the off-grid energy storage market in India for 2017-2021. To calculate the market size, the report considers the new installations and exclude aftermarket.

The report, Off-Grid Energy storage market in India 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Delta Electronics
  • Exide Industries
  • NEC Energy Solutions
  • Su-Kam Power Systems
Other prominent vendors
  • ABB
  • Amara Raja
  • Luminous Power Technologies
  • Panasonic India
  • Saft
  • Samsung SDI
  • Schneider Electric
  • Trojan Battery Company
Market drivers
  • Need for electrification
  • For a full, detailed list, view the full report
Market challenges
  • High capital requirement
  • For a full, detailed list, view the full report
Market trends
  • Need for reducing CO2 emissions
  • For a full, detailed list, view the full report
Key questions answered in this report:
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
READ MORE
Note: Product cover images may vary from those shown
2 of 6

FEATURED COMPANIES

  • ABB
  • Amara Raja
  • Delta Electronics
  • Exide Industries
  • NEC Energy Solutions
  • Panasonic India
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Market outline
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by end-user
  • Off-grid energy storage market in India by end-users
  • Off-grid energy storage market in India by residential sector
  • Off-grid energy storage in India by non-residential sector
PART 07: Market segmentation by technology
  • Off-grid energy storage market in India by technology
  • Off-grid energy storage market in India by lead-acid battery technology
  • Off-grid energy storage market in India by Li-ion battery technology
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Market challenges
PART 10: Market trends
  • Need for reducing CO2 emissions
  • Reduction in PV system costs
  • Inadequate T&D infrastructure
PART 11: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
PART 12: Key vendor analysis
  • Delta Electronics
  • Exide Industries
  • NEC Energy Solutions
  • Su-Kam Power Systems
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Market overview
Exhibit 02: Off-grid energy storage market in India 2016-2021 ($ millions)
Exhibit 03: High-potential countries for renewable-based distribution generation and off-grid technologies 2016
Exhibit 04: Five forces analysis
Exhibit 05: Off-grid energy storage market in India by end-users 2016 and 2021 (%)
Exhibit 06: Off-grid energy storage market in India by end-users 2016-2021 ($ millions)
Exhibit 07: Off-grid energy storage market in India by residential sector 2016-2021 ($ millions)
Exhibit 08: Graphic representation of a solar PV diesel hybrid system for mini-grids
Exhibit 09: Off-grid energy storage market in India by non-residential sector 2016-2021 ($ millions)
Exhibit 10: Off-grid energy storage market in India by technology 2016 and 2021 (%)
Exhibit 11: Off-grid energy storage market in India by technology 2016-2021 ($ millions)
Exhibit 12: Off-grid energy storage market in India by lead-acid battery technology 2016-2021 ($ millions)
Exhibit 13: Off-grid energy storage market in India by Li-ion battery technology 2016-2021 ($ millions)
Exhibit 14: Population without electricity: Developing Asia 2016 (millions)
Exhibit 15: Estimated telecom tower installation in India by power source 2016 (%)
Exhibit 16: Cost breakup of typical BTS tower power system 2016 (%)
Exhibit 17: Cost comparison of large and medium hybrid systems
Exhibit 18: Electricity generation efficiency 2016 (%)
Exhibit 19: Comparison of GHG emission between a hybrid system and a diesel generator system
Exhibit 20: Indexed cost of solar PV systems 2008-2015
Exhibit 21: Typical PV penetration by system type
Exhibit 22: Top 5 electricity access deficit countries 2014
Exhibit 23: Other prominent vendors (indicative list)
Exhibit 24: Delta Electronics: Businesses
Exhibit 25: Exide Industries: Product offering
Exhibit 26: NEC Energy Solutions: Key products
Exhibit 27: NEC Energy Solutions: Key solutions
Exhibit 28: Su-Kam Power Systems: Business segmentation
Exhibit 29: Su-Kam Power Systems: Key products
Note: Product cover images may vary from those shown
3 of 6

Loading
LOADING...

4 of 6

FEATURED COMPANIES

  • ABB
  • Amara Raja
  • Delta Electronics
  • Exide Industries
  • NEC Energy Solutions
  • Panasonic India
  • MORE
New Report Released: - Off-Grid Energy storage market in India2017-2021

The author of the report recognizes the following companies as the key players in the off-grid energy storage market in India: Delta Electronics, Exide Industries, NEC Energy Solutions, and Su-Kam Power Systems

Other Prominent Vendors in the market are: ABB, Amara Raja, Luminous Power Technologies, Panasonic India, Saft, Samsung SDI, Schneider Electric, and Trojan Battery Company.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Need for reducing CO2 emissions. Diesel mini-grid systems are common in remote areas where access to grid power is unreliable or non-existent. The cost of electricity generated is dependent on the cost of diesel and the maintenance cost incurred. However, in an off-grid scenario, the cost incurred is higher than just the price available at pump prices. This is due to the fact that diesel has to be delivered to the location, which can be a challenge. The transportation cost is added to the cost of the diesel, keeping the cost per kWh on the higher side.”

According to the report, one of the major drivers for this market is Need for electrification. Electricity consumption is proportional to the economic development of a country. Though it is a complex relationship, electricity is a pre-requisite and a strategic component necessary for economic growth, driving infrastructure and social development.

Further, the report states that one of the major factors hindering the growth of this market is High capital requirement. To have a sustainable and reliable off-grid source of power, it is highly necessary to have power source to charge the battery. Usually, solar is paired with a battery as solar is abundant in nature and is freely available. The solar system would charge the battery with the power discharged from the battery as and when required. In the alternative scenario where diesel generators are used, solar systems can be retrofitted with an energy storage system so that diesel generators can be used to charge the battery with the battery supplying the power when needed.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
5 of 6
  • Delta Electronics
  • Exide Industries
  • NEC Energy Solutions
  • Su-Kam Power Systems
  • ABB
  • Amara Raja
  • Luminous Power Technologies
  • Panasonic India
  • Saft
  • Samsung SDI
  • Schneider Electric
  • Trojan Battery Company
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
Adroll
adroll