Product Code: ETC4521625 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The India Grid Scale Battery market is a critical component of the nation`s transition to a more reliable and sustainable energy grid. Grid-scale batteries are designed to store excess energy generated during periods of low demand and release it when needed, enhancing grid stability and accommodating intermittent renewable energy sources. With India focus on renewable energy integration, grid-scale batteries are essential for balancing the power grid. This market is experiencing significant growth, with increased investments in large-scale battery storage projects.
The India Grid Scale Battery market is experiencing robust growth, driven by multiple factors. One of the primary drivers is the integration of renewable energy sources into the grid. Solar and wind power, in particular, are inherently intermittent, and grid-scale batteries play a vital role in storing surplus energy during periods of high generation and releasing it when demand is high. This not only ensures grid stability but also supports the effective utilization of renewable resources. Another key driver is the need for energy security and reliability, especially in regions with unreliable power supply. Grid-scale batteries provide backup power during outages and enhance the overall resilience of the electricity grid. The India government`s emphasis on reducing carbon emissions and its ambitious renewable energy targets have led to favorable policies and incentives for grid-scale battery deployment. Additionally, the growth of electric vehicles and the demand for energy storage solutions in various industries further contribute to the expansion of the India Grid Scale Battery market.
Challenges in the grid-scale battery market involve technology cost and performance improvements, recycling, and resource availability. Continued research and development are crucial for sustainable growth.
The grid-scale battery market in India was impacted by supply chain disruptions and delays in project implementation. Despite the challenges, the pandemic highlighted the importance of energy storage in ensuring grid stability and reliability. As India expands its renewable energy capacity, the grid-scale battery market is expected to grow in significance.
The grid-scale battery market in India has seen active participation from companies like Sterling and Wilson, Adani Group, and Exide Industries. These players have been investing in grid-scale battery storage solutions to address energy storage challenges, particularly in conjunction with renewable energy integration and grid stability.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Grid-Scale Battery Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Grid-Scale Battery Market Revenues & Volume, 2021 & 2031F |
3.3 India Grid-Scale Battery Market - Industry Life Cycle |
3.4 India Grid-Scale Battery Market - Porter's Five Forces |
3.5 India Grid-Scale Battery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Grid-Scale Battery Market Revenues & Volume Share, By Ownership-Model, 2021 & 2031F |
3.7 India Grid-Scale Battery Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Grid-Scale Battery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Grid-Scale Battery Market Trends |
6 India Grid-Scale Battery Market, By Types |
6.1 India Grid-Scale Battery Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Grid-Scale Battery Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Grid-Scale Battery Market Revenues & Volume, By Lithium-Ion, 2021-2031F |
6.1.4 India Grid-Scale Battery Market Revenues & Volume, By Lead Acid, 2021-2031F |
6.1.5 India Grid-Scale Battery Market Revenues & Volume, By Flow Battery, 2021-2031F |
6.1.6 India Grid-Scale Battery Market Revenues & Volume, By Sodium-Based, 2021-2031F |
6.2 India Grid-Scale Battery Market, By Ownership-Model |
6.2.1 Overview and Analysis |
6.2.2 India Grid-Scale Battery Market Revenues & Volume, By Third-Party, 2021-2031F |
6.2.3 India Grid-Scale Battery Market Revenues & Volume, By Utility, 2021-2031F |
6.3 India Grid-Scale Battery Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Grid-Scale Battery Market Revenues & Volume, By Renewable Integration, 2021-2031F |
6.3.3 India Grid-Scale Battery Market Revenues & Volume, By Peak Shift, 2021-2031F |
6.3.4 India Grid-Scale Battery Market Revenues & Volume, By Ancillary Services, 2021-2031F |
6.3.5 India Grid-Scale Battery Market Revenues & Volume, By Back-Up Power, 2021-2031F |
7 India Grid-Scale Battery Market Import-Export Trade Statistics |
7.1 India Grid-Scale Battery Market Export to Major Countries |
7.2 India Grid-Scale Battery Market Imports from Major Countries |
8 India Grid-Scale Battery Market Key Performance Indicators |
9 India Grid-Scale Battery Market - Opportunity Assessment |
9.1 India Grid-Scale Battery Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Grid-Scale Battery Market Opportunity Assessment, By Ownership-Model, 2021 & 2031F |
9.3 India Grid-Scale Battery Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Grid-Scale Battery Market - Competitive Landscape |
10.1 India Grid-Scale Battery Market Revenue Share, By Companies, 2024 |
10.2 India Grid-Scale Battery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |