India Battery Energy Storage System (BESS) Market Overview 2025–2030: Demand & Future Trends

India Battery Energy Storage System (BESS) Market Report – 2025 Outlook, Trends, Share, Size & Forecast

MarkNtel Advisors has unveiled its latest research report on the India Battery Energy Storage System (BESS) Market, providing an in-depth analysis of market dynamics, growth prospects, and competitive landscape. This report serves as a valuable resource for stakeholders aiming to capitalize on emerging opportunities and navigate potential challenges in the India Battery Energy Storage System (BESS) industry.

India Battery Energy Storage System (BESS) Market Size: 2025 Outlook

The 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. Various factors are attributed to the growing market. Government initiatives and policies are crucial for the growth of the BESS market in India. Some of the interventions encouraged by the National Framework for Promoting Energy Storage Systems include the legal status for energy storage systems as well as energy storage obligations, and waiver of inter-state transmission charges.

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📘 Scope of the Report

• Forecasts till 2030 with year-wise market breakdown

• Geographical and segment-level analysis

• Company profiles and strategic insights

• Key market drivers and restraints

• Analysis of market trends and investment opportunities

What’s Driving the Market?

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.

What’s Holding Back Growth?

Disposal of Batteries Causing Adverse Environmental Impact – The environmental hazards posed by the batteries could become a significant hindrance to the market growth & expansion. Lead-acid and lithium-ion batteries are toxic when certain elements spill out from them and have a predisposed contaminating effect on the soil and groundwater. Due to the improper disposal of lead-acid batteries, an estimated 275 million children in India are severely affected, representing almost 30% of the total child population. The rise of electric vehicles and renewable energy storage has increased the quantity of battery waste, resulting in the leakage of hazardous chemicals.

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India Battery Energy Storage System (BESS) Market Segmentation

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

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

🏢 Industry Leaders: Who’s Dominating the India Battery Energy Storage System (BESS) Market?

The market is highly competitive, with players launching innovation-driven products and investing in strategic partnerships. Key participants include:

• 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

These companies are focused on health-based R&D, expansion, and functional ingredient diversification.

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🧠 Frequently Asked Questions (FAQs)

1. What are the main drivers of the India Battery Energy Storage System (BESS) market?

2. Which segment leads the India Battery Energy Storage System (BESS) industry?

3. What regulatory challenges impact product development?

4. Who are the top players in the India Battery Energy Storage System (BESS) industry?

About US:

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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