MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled India Battery Energy Storage System (BESS) Market Research Report: Forecast (2025-2030). This report provides a detailed assessment of the India Battery Energy Storage System (BESS) Market, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.

Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.

Market Timeline Overview

• Historical Years: 2020-23
• Base Years: 2024
• Forecast year - 2025-2030

This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.

In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecast for years 2026 to 2032, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.

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India Battery Energy Storage System (BESS) Market Outlook

According to the report, The India Battery Energy Storage System (BESS) Market size was valued at around USD 250 million in 2024 and is expected to reach USD 1.2 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.

The report also examines consumer preferences, regulatory impacts, and investment trends that will shape the market’s trajectory over the next decade.

India Battery Energy Storage System (BESS) Market Drivers:

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.

View Full Report (All Data, In One Place): https://www.marknteladvisors.com/research-library/india-battery-energy-storage-system-market.html  (Explore in-depth analyses, technological trends, and investment patterns.)

India Battery Energy Storage System (BESS) Market Trends:

Development of Solar Plus Storage Projects – A rapidly growing market trend is the development of solar-plus-storage projects. These combine solar PV systems with battery storage for stable and continuous power. The solar PV with a 120 MW battery energy storage system project by Tata Power Solar in Chhattisgarh will become the largest solar-plus-storage project in India. It has an annual production capacity of 243.53 million units and can reduce carbon emissions by 4.87 million tons over 25 years. It has recently conducted reverse auctions for 2 GW in solar-plus-storage capacity, aiming to be connected to the Inter-State Transmission System, which ultimately supports energy integration from renewable sources into the grid. Such projects are a demonstration of how solar-plus-storage solutions can support grid stability, meet peak demand, and ultimately help fulfill India's renewable energy goals.

India Battery Energy Storage System (BESS) Market Segmentation

The study categorizes the India Battery Energy Storage System (BESS) Market into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.

By Type

• Lithium-Ion Battery
• Lead Acid Battery
• Flow Battery
• Others

By Capacity

• Small Scale (Less than 1MW)
• Large Scale (Greater than 1 MW)

By Ownership

• Customer-Owned
• Third-Party Owned
• Utility Owned

By Connectivity

• Off-Grid
• On-Grid

By Application

• Residential
• Commercial
• Utility
• Others

Geographical Analysis

The report presents detailed insights into the market’s geographical expansion, highlighting key trends and opportunities across the following geographies:

By Region

• North
• South
• East
• West

Talk to Our Industry Analyst: https://www.marknteladvisors.com/query/talk-to-our-consultant/india-battery-energy-storage-system-market.html  Get personalized insights into company strategies and regional market dynamics.)

Leading Companies in India Battery Energy Storage System (BESS) Market Worldwide: Players, Analysis & Future Outlook

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, and others are the top companies in the India Battery Energy Storage System (BESS) Market.

Key Highlights of the Report

• Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2025 to 2030.
• Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
• Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
• Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.

Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences

Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/research-library/india-battery-energy-storage-system-market.html  

Frequently Asked Questions (FAQ)

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About Us

MarkNtel Advisors is a global research and advisory firm with expertise across the energy industry, covering renewable energy, oil & gas, energy storage, and power generation. We deliver data-backed insights that assist energy producers, utilities, and investors in navigating regulatory transitions and emerging technologies. With Consulting Services, we help clients interpret market intelligence and design actionable strategies that accelerate decarbonization, enhance energy resilience, and ensure sustainable growth across global markets.

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