Battery Energy Storage Systems for Off-Grid & Grid Scale Installations in India 2018

Market Opportunity Analysis by Product (Li-Ion Battery, Flow Battery etc.), By Application (Transportation – Electric Vehicles, UPS for Industrial Consumers & DG Replacement for Telecom) & Segment Outlook by 2024

The storage market is already making sustained gains and is expected to flourish with near term market size of close $160 Billion and grow further to $300 Billion by 2030. Interestingly this entire energy storage market shall see BESS being the largest contributor in terms of share of above 50% globally. This shall be no different in India either and shall not be a surprise that it might stand scaled up to 70-75% in the country. Having said that with India being still in the nascent phase for the BESS there are certain push elements desired for the market gain momentum and unwind its entire market potential in the country for there are terrific benefits for its application.

With growing solar PV installations and further gaining up in renewable power capacity additions clubbed with enticing business for electric vehicles in India, the rationale behind the battery energy storage systems (BESS) is certain to embellish and gather momentum in the country.

Key Queries Resolved

• What shall be in-store for India capacity market or energy storage?


• What will be the best storage technology in India?


• What shall be the scale of opportunity for small-scale grid integration projects with BESS in India?


• What shall be the opportunity for large scale BESS integration in India & how shall be the outlook


• What shall be region wise opportunity in India for solar PV pairing with BESS?


• How attractive financial returns shall be if companies engage in both small & large scale BESS integration?


• Which areas in India shall be most potent for BESS integration for domestic consumers under the solar roof-top scheme?


• What size and scale of opportunity shall BESS offer in the electric vehicles market in India?


• What size and scale of opportunity does BESS offer for Uninterrupted Power Supply to large industrial consumers in India?


• How BESS can be a replacement opportunity for DG Sets in India for Telecom industry?


• What shall be the key barriers & risk to BESS adaptability in India?


• Which company shall lead the BESS market in India till 2024?

Business Case For Battery Energy Storage System In India

• The government of India plans to add 100 GW of solar capacity in the country by 2022 needs storage for making large scale solar power installations completely grid interactive


• Cumulative renewable energy share to go up till 160 GW if India hits the planned capacity & increasing share of renewable in power generation portfolio in the country.

40 GW of roof-top installations to be achieved until 2022 demands for small-scale solar PV installations be utilized round the clock

• High adaptability of electric vehicles projected in India and the changing dynamics of the transportation sector in the country


• Rising electricity demand in India with installed capacity likely to cross 600 GW by 2030 calls for better demand response which BESS can assure


• Falling trajectory of battery prices globally and further fall expected in near term helping cost economics of adaptation of BESS in India

Unique Selling Points

• First-hand sector knowledge and inputs


• Primary research inputs from F2F interviews with domain experts


• Experts insights and market reviews are taken into consideration


• Validated data and analysis


• Opportunity mapping and market sizing


• Germinates from minds that think fresh to evolve pathfinding guide for all stakeholders through quality information and analysis


• Free query handling and analyst support for three months from the date of report procurement

Key Highlights

• Solar PV Pairing Opportunity for both off-grid and utility scale with battery energy storage systems in India & outlook till 2024


• Best suited location identification for integration of BESS in small-scale off-grid installations in India – Best fit regional analysis D2I Model feed


• Opportunity Sizing for BESS in solar roof-top projects in India with outlook till 2024


• Financial Attractiveness Index for both small & large scale grid integration of BESS in India – Regional Track from D2I Model


• Opportunity track for Industrial peak shaving & outlook till 2024 for large consumers


• Opportunity for power distribution utilities in deferring the network embellishments through adapting to BESS with outlook till 2024 – Map for region-based utilities through D2I Model feed


• Opportunity for power transmission utilities in deferring the network embellishments through adapting to BESS with outlook till 2024 – Map for region-based utilities through D2I Model feed


• Battery Market Product Outlook in India as per Lithium-Ion, Flow Battery & VRBs etc till 2024


• Application-based opportunity track for BESS market in India till 2024 with specific sub-segment opportunity bundling for telecom industry and electric vehicles market in India


• Company Benchmarks for products, services, margins, financial performance for top BESS providers in India

Report Insights

• Identification of right market strategy among capacity market & storage market in India


• Battery Energy Storage Opportunity Matrix for Small Scale Adaptability in India – Regional Estimates


• Battery Energy Storage Opportunity Matrix for Off-Grid Installations in the country factoring solar roof-top business case for domestic consumers


• Financial Attractive Indexation for both Small & Large Scale BESS adaptability in India


• Region wise BESS opportunity for large scale grid integration via comprehensive D2I track


• Complete BESS Market outlook in India till 2024 with competition landscape, value chain opportunities, and regulatory variance


• BESS Market Product Outlook till 2024 in terms of Li-Ion Battery, Flow Battery VRBs etc.


• Complete market sizing and opportunity outlook till 2024 for different applications in India like Electric Vehicles Adaptability, renewable energy integration, uninterrupted power supply to industrial power consumers and diesel generator replacement opportunity for the telecom industry in India


• Company Profiles of all leading players in India & their business plan, battery product benchmarking, financial performance & product portfolio track with strategic initiative feed.


• BESS Market Orientation in India with Outlook till 2024 for Utility application (conventional power generation, grid operation, and services), Direct Consumer application (UPS for Large Industrial Consumers), Renewable Energy Integration etc.


• Management & Control for BESS in India with Barrier & Growth Drivers in the country till 2024

Must Buy For

• Battery Manufacturers for Energy Storage Systems


• Electric Vehicle Value Chain Players


• Battery Suppliers to Electric Vehicles


• Utility Solar Power Project Developers


• Roof-top Solar Power Project Developers


• EPC Contractors for Solar & Wind Energy Projects


• Smart Grid Service Providers


• Power Distribution Utilities


• Power Transmission Utilities


• Telecom Industry Players


• Diesel Generator Manufacturers


• Government & Regulatory Bodies


• Research Institutions/Bodies


• Funding Bodies/Banks