India Battery Energy Storage System Market Size: 2025 Outlook

The India Battery Energy Storage System Market is expected to witness robust growth, projecting a reach of USD 32 billion by 2030, up from approximately USD 7.8 billion in 2024. This growth translates into a compound annual growth rate (CAGR) of around 27% from 2025 to 2030. Various factors contribute to this promising trajectory, including government initiatives supporting energy storage technologies, an increasing focus on renewable energy, and the rising adoption of electric vehicles (EVs). Such developments position the India Battery Energy Storage System Market as a pivotal element in enhancing energy sustainability and grid reliability across the nation.

India Battery Energy Storage System Market Statistics

• Current Market Value (2024): USD 7.8 Billion
• Projected Market Value (2030): USD 32 Billion
• CAGR (2025-2030): Approximately 27%
• Market Share of Lithium-Ion Batteries: Roughly 63% of the India BESS market
• Dominant Ownership Type: Large Scale (Greater than 1 MW) accounts for about 74% of market share.

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Competitive Landscape

The India BESS market is characterized by a dynamic competitive landscape, showcasing several major players who are actively contributing to innovation and market progression. Companies are focused on enhancing their technological capabilities and expanding their solutions to cater to evolving market needs. Key growth factors in this sector include synergistic partnerships, advancements in battery technology, and comprehensive market analysis.

Key Players Dominating the India Battery Energy Storage System Market

• 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 Market Trend

A significant trend influencing the India Battery Energy Storage System Market is the emergence of solar-plus-storage projects, which integrate solar photovoltaic (PV) systems with battery storage to ensure a reliable and continuous energy supply. Notable initiatives, such as the 120 MW battery energy storage system project by Tata Power Solar in Chhattisgarh, highlight the potential of these projects in bolstering grid stability while supporting India's renewable energy objectives.

India BESS Industry Recent Development

• In January 2025, BSES Rajdhani will activate India’s first commercial utility-scale battery energy storage system in Kilokri, South Delhi, set to enhance grid stability.

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India Battery Energy Storage System Market Segmentation

The India Battery Energy Storage System Market is segmented across various dimensions:

By Type

1. Lithium-Ion Battery
2. Lead Acid Battery
3. Flow Battery
4. Others

By Capacity

1. Small Scale (Less than 1MW)
2. Large Scale (Greater than 1 MW)

By Ownership

1. Customer-Owned
2. Third-Party Owned
3. Utility Owned

By Connectivity

1. Off-Grid
2. On-Grid

By Application

1. Residential
2. Commercial
3. Utility
4. Others

By Region

1. North
2. South
3. East
4. West

India Bess Market Regional Overview

The India BESS market is experiencing significant progress across various regions, particularly in northern states like Delhi and Punjab, along with southern states that emphasize renewable energy integration. Government support and regulatory incentives are playing a crucial role in fostering regional market development.

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Frequently Asked Questions (FAQs)

1. What is the expected growth rate of the India Battery Energy Storage System Market over the forecast period?
2. How large is the India BESS market projected to be by 2030?
3. Which segment holds the largest share in the India Battery Energy Storage System Market based on battery type?
4. What are the primary drivers affecting the growth of the India BESS market?
5. How do government policies impact the India Battery Energy Storage System Market?

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