Off-grid Energy Storage Market in India 2017-2021

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Date: 21-Sep-2017
No. of pages: 69
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Energy storage systems store surplus electricity that can be used during power shortages, blackouts, and peak hours of demand. Off-grid energy storage systems are decentralized structures designed for standalone power and help consumers in remote locations. These systems complement diesel generators or intermittent renewables sources by providing backup during low voltage or power outages.

The analysts forecast off-grid energy storage market in India to grow at a CAGR of 15.17% during the period 2017-2021.

Covered in this report

This report covers the present scenario and the growth prospects of the off-grid energy storage market in India for 2017-2021. To calculate the market size, the report considers the new installations and exclude aftermarket.

This report, Off-Grid Energy storage market in India 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors


  • Delta Electronics

  • Exide Industries

  • NEC Energy Solutions

  • Su-Kam Power Systems


Other prominent vendors


  • ABB

  • Amara Raja

  • Luminous Power Technologies

  • Panasonic India

  • Saft

  • Samsung SDI

  • Schneider Electric

  • Trojan Battery Company


Market driver


  • Need for electrification

  • For a full, detailed list, view our report


Market challenge


  • High capital requirement

  • For a full, detailed list, view our report


Market trend


  • Need for reducing CO2 emissions

  • For a full, detailed list, view our report


Key questions answered in this report


  • What will the market size be in 2021 and what will the growth rate be?

  • What are the key market trends?

  • What is driving this market?

  • What are the challenges to market growth?

  • Who are the key vendors in this market space?

Off-grid Energy Storage Market in India 2017-2021

Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
Market outline

PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis

PART 06: Market segmentation by end-user
Off-grid energy storage market in India by end-users
Off-grid energy storage market in India by residential sector
Off-grid energy storage in India by non-residential sector

PART 07: Market segmentation by technology
Off-grid energy storage market in India by technology
Off-grid energy storage market in India by lead-acid battery technology
Off-grid energy storage market in India by Li-ion battery technology

PART 08: Decision framework

PART 09: Drivers and challenges
Market drivers
Market challenges

PART 10: Market trends
Need for reducing CO2 emissions
Reduction in PV system costs
Inadequate T&D infrastructure

PART 11: Vendor landscape
Competitive landscape
Other prominent vendors

PART 12: Key vendor analysis
Delta Electronics
Exide Industries
NEC Energy Solutions
Su-Kam Power Systems

PART 13: Appendix
List of abbreviations

List of Exhibits

Exhibit 01: Market overview
Exhibit 02: Off-grid energy storage market in India 2016-2021 ($ millions)
Exhibit 03: High-potential countries for renewable-based distribution generation and off-grid technologies 2016
Exhibit 04: Five forces analysis
Exhibit 05: Off-grid energy storage market in India by end-users 2016 and 2021 (%)
Exhibit 06: Off-grid energy storage market in India by end-users 2016-2021 ($ millions)
Exhibit 07: Off-grid energy storage market in India by residential sector 2016-2021 ($ millions)
Exhibit 08: Graphic representation of a solar PV diesel hybrid system for mini-grids
Exhibit 09: Off-grid energy storage market in India by non-residential sector 2016-2021 ($ millions)
Exhibit 10: Off-grid energy storage market in India by technology 2016 and 2021 (%)
Exhibit 11: Off-grid energy storage market in India by technology 2016-2021 ($ millions)
Exhibit 12: Off-grid energy storage market in India by lead-acid battery technology 2016-2021 ($ millions)
Exhibit 13: Off-grid energy storage market in India by Li-ion battery technology 2016-2021 ($ millions)
Exhibit 14: Population without electricity: Developing Asia 2016 (millions)
Exhibit 15: Estimated telecom tower installation in India by power source 2016 (%)
Exhibit 16: Cost breakup of typical BTS tower power system 2016 (%)
Exhibit 17: Cost comparison of large and medium hybrid systems
Exhibit 18: Electricity generation efficiency 2016 (%)
Exhibit 19: Comparison of GHG emission between a hybrid system and a diesel generator system
Exhibit 20: Indexed cost of solar PV systems 2008-2015
Exhibit 21: Typical PV penetration by system type
Exhibit 22: Top 5 electricity access deficit countries 2014
Exhibit 23: Other prominent vendors (indicative list)
Exhibit 24: Delta Electronics: Businesses
Exhibit 25: Exide Industries: Product offering
Exhibit 26: NEC Energy Solutions: Key products
Exhibit 27: NEC Energy Solutions: Key solutions
Exhibit 28: Su-Kam Power Systems: Business segmentation
Exhibit 29: Su-Kam Power Systems: Key products

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