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India Renewable Energy Storage Systems Market (2016-2022)
Market Forecast by Technologies (Mechanical, Electrochemical and Thermal), Applications (Utility, Residential and Non-Residential) and Regions (North, South, East and West)

  • Product Code:ETC000320
  • Publication Date:August 2016
  • Publisher:6Wresearch
  • Product Type:Report
  • No. of Pages:90
  • No. of Figures:26
  • No. of Tables:11

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India Renewable Energy Storage Systems Market (2016-2022)

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India Renewable Energy Storage Systems Market (2016-2022)

India Renewable Energy Storage Systems Market (2016-2022)


  • Report Description
  • Table of Content
  • Summary
  • Related Topics

Over the years, the demand for energy has registered exponential growth rate. To bridge the energy demand supply gap, energy storage systems are getting deployed in all major countries across the globe. Traditionally, fossil fuels were used to meet this requirement, however market is now evolving towards renewable energy storage systems where electrochemical storage systems are primarily used.

As India’s quest for green energy is growing due to government initiatives and rising awareness, the market for renewable energy storage systems would record significant growth in the coming years. With current government plans and pipeline projects, the capacities of wind and solar would surpass hydroelectric capacity.

In India, renewable energy storage systems market is at very niche stage. The market is expected to witness robust growth in the coming years due to declining storage cost and rising government initiatives to deploy renewable energy storage systems by offering various incentives and monetary subsidies.

According to 6Wresearch, India Renewable Energy Storage Systems (RESS) market revenue is projected to touch $3.32 billion by 2022. Solar based energy storage is anticipated to capture major revenue share of the market. Electrochemical storage is currently driven by secondary (Lead-acid and Lithium-ion) batteries, which would maintain its market leadership during the forecast period. Amongst all applications, utility segment would hold key share in the overall India Renewable Energy Storage Systems Market.

The report thoroughly covers the India Renewable Energy Storage Systems Market by technology, application and regions. The report provides the unbiased and detailed analysis of the on-going trends, opportunities / high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report
• Market Size & Forecast of India Renewable Energy Storage Systems Market Revenues until 2022
• Market Size & Forecast of India Renewable Energy Storage Systems Market Capacity by Technology until 2022
• Market Size & Forecast of India Renewable Energy Storage Systems Market Capacity by Application until 2022
• Market Size of Global Renewable Energy Capacity (2006-2015)
• Market Size of Grid Connected Wind and Solar Power (2014-2015)
• Market Size of India Renewable (Wind & Solar) Energy Installed Capacity Addition Target, By Region (2022)
• India Statewise Estimated Reserves (Coal, Lignite, Crude Oil and Natural Gas)
• Price Trend Analysis
• Market Drivers and Restraints
• Industry Regulations.
• Players Market Share.
• Company Profiles.
• Key Strategic Pointers

Key Markets Covered:
The report provides the detailed analysis of the following market segments:
• Technologies:
    o Mechanical
    o Electrochemical
    o Thermal
• Applications:
    o Utility
    o Residential
    o Non-residential
• Regions:
    o North India
    o South India
    o East India
    o West India

1 Executive Summary
2 Introduction
    2.1 Report Description
    2.2 Key Highlights of the Report
    2.3 Market Scope & Segmentation
    2.4 Methodology Adopted and Key Data Points
    2.5 Assumptions
3 Global Energy Storage Systems Market Overview
    3.1 Overview & Analysis
    3.2 Global Renewable Energy Capacity (2006-2015)
    3.3 Global Renewable Energy Capacity Share By Regions (2015)
    3.4 Global Renewable Energy Capacity Share By Type (2015)
4 India Renewable Energy Storage Systems Market Dynamics
    4.1 Industry Life Cycle
    4.2 Porter’s 4 Forces Model
    4.3 Market Dynamics
          4.3.1 Drivers
                   4.3.1.1 Decreasing Technology Cost of Renewable Energy Storage Systems
                   4.3.1.2 Expansion of Renewable Energy Based Mini-Grid Systems
          4.3.2 Restraints
5 India Renewable Energy Market Trends
    5.1.Growth of Hybrid Solar Rooftop Systems
    5.2 Introduction of Nanotechnology in Solar PV
    5.3 Increase in usage of Lithium-Ion battery storage
    5.4 Adoption of Public Private Partnership Model
6 India Renewable Energy Storage Systems Market - Price Trend Analysis
7 India Renewable Energy Storage Systems Market, By Type
    7.1 Overview & Analysis
    7.2 On-Grid Energy Storage Systems
    7.2 Off-Grid Energy Storage Systems
8 India Renewable Energy Storage Systems Market, By Technology
    8.1 Overview & Analysis
    8.2 Electrochemical Renewable Energy Storage Systems Market Capacity in MW (2015 & 2022F)
    8.3 Mechanical Renewable Energy Storage Systems Market Capacity in MW (2015 & 2022F)
    8.4 Thermal Renewable Energy Storage Systems Market Capacity in MW (2015 & 2022F)
9 India Renewable Energy Storage Systems Market, By Application Overview
    9.1 Overview & Analysis
    9.2 Utilities Renewable Energy Storage Systems Market Capacity in MW (2015 & 2022F)
    9.3 Residential Renewable Energy Storage Systems Market Capacity in MW (2015 & 2022F)
    9.4 Non-Residential Renewable Energy Storage Systems Market Capacity in MW (2015 & 2022F)
10 India Renewable Energy Storage Systems Market - Regulatory Framework
11 India Renewable Energy Storage Systems Market - Key Performance Indicators
    11.1 Overview & Analysis
    11.2 India Renewable Energy Sector - Structure by Institutions (2015)
    11.3 India Energy Reserves By States and Source (FY2011-15)
    11.4 India Renewable Energy Installation Targets (FY2016-22)
    11.5 India Connected Wind Power By States (FY2011-15)
    11.6 India Grid Connected Solar Power By States (FY2011-15)
    11.7 India Renewable Energy Installation Capacity Addition Target, By Regions (2022)
    11.8 India Renewable Energy Storage Systems Market Revenues (FY2015-22)
    11.9 India Energy Mix By Sources of Fuel (2013-2022F)
    11.10 India Energy Storage Battery Price (2013-2022F)
    11.11 India Power Demand/Supply Gap (2013-2022F)
12 India Renewable Energy Storage Systems Market - Current and Upcoming Projects
13 Competitive Landscape
    13.1 Overview & Analysis
    13.2 Market Share Analysis
14 Company Profiles
    14.1 ABB India Limited
    14.2 AES Corporation
    14.3 Amara Raja Batteries Limited
    14.4 Exide Industries Limited
    14.5 Imergy Power Systems Incorporation
    14.6 LG Chem, Ltd.
    14.7 Panasonic Corporation
15 Strategic Pointers
16 Disclaimer

List of Figures
Figure 1 Global Renewable Energy Capacity Share (2015)
Figure 2 Role of Government Agencies in Renewable Energy Development
Figure 3 India Renewable Energy Installation Target (GW) (FY2016-2022F)
Figure 4 India Renewable Energy Installation Capacity Addition Target (FY2022F)
Figure 5 India Renewable Energy Storage Systems Market Revenues, FY2015-22 ($ Billion)
Figure 6 India Renewable Energy Storage Systems Industry Life Cycle
Figure 7 India Renewable Energy Storage Systems Market-Porters 5 Forces Model
Figure 8 India Renewable Energy Storage Systems Per Kilowatt Market Price Trend, 2015-2022F ($ Per Unit)
Figure 9 Types of Energy Storage Technology
Figure 10 On Grid Vs. Off Grid Energy Storage Systems
Figure 11 India Renewable Energy Storage Systems Market Revenue Share, By Technology, FY2015
Figure 12 India Renewable Energy Storage Systems Market Revenue Share, By Technology, FY2022F
Figure 13 India Renewable Energy Storage Systems Market Capacity (MW), By Technology (2015-2022F)
Figure 14 India Renewable Energy Storage Systems Market Revenue Share, By Application, FY2015
FIgure 15 India Renewable Energy Storage Systems Market Revenue Share, By Application, FY2022F
Figure 16 India Renewable Energy Storage Systems Market Capacity (MW), By Application (2015-2022F)
Figure 17 Northern India, Renewable Energy Storage Systems Market Revenues, FY2015-22F ($ Million)
Figure 18 Southern India, Renewable Energy Storage Systems Market Revenues, FY2015-22F ($ Million)
Figure 19 Eastern India, Renewable Energy Storage Systems Market Revenues, FY2015-22F ($ Million)
Figure 20 Western India, Renewable Energy Storage Systems Market Revenues, FY2015-22F ($ Million)
Figure 21 ABB India Limited Net Sales, By Industry Segments (2014 & 2015)
Figure 22 AES Corporation Revenue, By SBU’s (2014 & 2015)
Figure 23 Amara Raja Batteries Limited, By Total Assets and Liabilities (2014 & 2015)
Figure 24 Exide Industries Limited, Revenues By Geographical Segments (2015 & 2016)
Figure 25 LG Chem Limited, Revenues Share By Geographical Segments (2014 & 2015)
Figure 26 Panasonic Corporation, Revenue by Segment (2015)

List of Tables
Table 1 Global Renewable Energy Capacity, 2006-2015 (GW)
Table 2 India Statewise Estimated Reserves of Coal (FY2014-15)
Table 3 India Statewise Estimated Reserves of Lignite (FY2014-15)
Table 4 India Statewise Estimated Reserves of Crude Oil (FY2014-15)
Table 5 India Statewise Estimated Reserves of Natural Gas (FY2014-15)
Table 6 India Statewise Grid Connected Wind Power (FY2014-15)
Table 7 India Statewise Grid Connected Solar Power (FY2014-15)
Table 8 India Year Wise Target for Renewable Energy Segments (FY2016-22F)
Table 9 India First 20 Shortlisted Smart Cities
Table 10 India Year Wise Target for RE-based Mini-Grid Systems (FY2016-22F)
Table 11 List of Upcoming/Ongoing Renewable Energy Storage Projects in India

Increasing government initiatives to generate power through renewable energy coupled with need for cost efficient power back up have increased the market for renewable based energy storage systems. India Renewable Energy Storage Systems (RESS) market is projected to reach $3.32 billion by 2022.

India Renewable Energy Storage Systems Market (2016-2022) report graph
     Source: 6Wresearch

India Renewable Energy Storage Systems Market report has been segmented into various types, capacity wise, applications and regions wise. The major companies in India renewable energy storage systems market –Panasonic, Exide, Amara Raja and AES Corporation.

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