The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), India Battery Energy Storage System (BESS) Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
India Battery Energy Storage System (BESS) Industry Analytical Overview (2025-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, 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. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2025 to 2030.
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What is Included in India Battery Energy Storage System (BESS) Market Segmentation?
The report has segmented the market into the following categories:
By Type
- Lithium-Ion Battery- Market Size & Forecast 2020-2030, USD Million
- Lead Acid Battery- Market Size & Forecast 2020-2030, USD Million
- Flow Battery- Market Size & Forecast 2020-2030, USD Million
- Others
Lithium-Ion Battery leads the India Battery Energy Storage System (BESS) Market with a market share of around 63%. The market domination is due to their longer lifespan which helps in fewer replacements. Also, their efficiency ensures high storage & better usage of energy. Moreover, the excess production capacity has reduced the manufacturing cost, which makes them more accessible & affordable. All these benefits make them the preferred choice of both manufacturers & consumers. Furthermore, the supportive government policies and incentives to support renewable energy further lead to the extensive adoption of these batteries. This demand is also catalyzed by the craze for EVs in the Indian market. Lithium-ion batteries are playing a crucial role in aiding carbon emission reduction alongside one of the top priorities for the government, which is aiding the development of sustainable energy.
By Capacity
- Small Scale (Less than 1MW)- Market Size & Forecast 2020-2030, USD Million
- Large Scale (Greater than 1 MW)- Market Size & Forecast 2020-2030, USD Million
By Ownership
- Customer-Owned- Market Size & Forecast 2020-2030, USD Million
- Third-Party Owned- Market Size & Forecast 2020-2030, USD Million
- Utility Owned- Market Size & Forecast 2020-2030, USD Million
By Connectivity
- Off-Grid- Market Size & Forecast 2020-2030, USD Million
- On-Grid- Market Size & Forecast 2020-2030, USD Million
By Application
- Residential- Market Size & Forecast 2020-2030, USD Million
- Commercial- Market Size & Forecast 2020-2030, USD Million
- Utility- Market Size & Forecast 2020-2030, USD Million
- Others
By Region
- North
- South
- East
- West
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Key Factor Driver India Battery Energy Storage System (BESS) Industry Growth by 2030
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.
Who are the Key Players Operating in the India Battery Energy Storage System (BESS) Industry?
The top companies of the India Battery Energy Storage System (BESS) market ruling the industry 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
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FAQs (Frequently Ask Questions)
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- Which is the Leading segment in the market?
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