India Lithium-ion energy storage solution market was valued at over $ 9.8 million in 2017 and is forecast to grow at a staggering CAGR of more than 45%, to surpass $ 148 million by 2023. Anticipated growth in the market can be attributed to increasing demand for energy storage solutions in renewable energy sector, power plants, BFSI, retail, etc., in India. Moreover, Government of India is planning to incentivise the production of Lithium-ion batteries in India, which is likely to help in the setting up of Lithium-ion battery manufacturing units in the country over the next five years. This would result in domestic production of Lithium-ion energy storage solutions in India, which would have a huge positive impact on the market in the coming years.

Years Considered for this Report:

Historical Years: 2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

  • The primary objective of the study is to understand and gain insights about India Lithium-ion Energy Storage Solution market and its segmental analysis by type, by end user and by regional share.
  • To estimate and forecast market size of India Lithium-ion Energy Storage Solution market.
  • To categorize and forecast India Lithium-ion Energy Storage Solution market by type - On-Grid and Off-Grid.
  • To categorize and forecast India Lithium-ion Energy Storage Solution market by end user - solar, power plants, stationary, wind, industrial, residential and others.
  • To categorize and forecast India Lithium-ion Energy Storage Solution market by regions - North, East, West and South.
  • To perform strategic analyses such as SWOT, PESTLE and Porter’s Five Forces of India Lithium-ion Energy Storage Solution market.
  • To profile major companies operating in India Lithium-ion Energy Storage Solution market.


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Few of the major players operating in India Lithium-ion Energy Storage Solution market include Sterling and Wilson Pvt. Ltd., Panasonic India Pvt. Ltd., Exicom Power Solutions, AES India Pvt Ltd., ACME Cleantech Solutions Private Limited, Delta Electronics India Pvt. Ltd., Amplus Solar, LG Chem, NEC Technologies India Private Limited and Coslight India Telecom Pvt. Ltd.

To analyze and forecast India Lithium-ion Energy Storage Solution market, both top-down and bottom-up approaches have been used. Multiple employees from the leading companies have been interviewed through telephonic conversations to extract and verify the information being collected at source. A brief study of the major players operating in India Lithium-ion Energy Storage Solution market was also undertaken, which included analysis of information such as ongoing installation projects, followed by the details of expected year of commissioning and estimated investments of various projects in India. Moreover, detailed and in-depth scrutiny of information was done to understand each policy or external or internal factor which could increase or decrease the demand for Lithium-ion Energy Storage Solutions in India. To extract data, primary surveys were conducted with key players and stakeholders in the industry. The future plans of major players were studied and projects which have commissioned in the country were identified.

Various secondary sources such as white papers and secondary literature on Lithium-ion Energy Storage Solution, Ministry of New and Renewable Energy, Ministry of Statistics & Programme Implementation, Ministry of Power, Central Electricity Authority, Indian Energy Storage Alliance, Lithium-ion Energy Storage Solution Companies’ Annual Reports, International Monetary Fund and World Bank were also studied by TechSci Research.

Key Target Audience:

  • Lithium-ion Energy Storage Solution manufacturers, suppliers, distributors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to Lithium-ion Energy Storage Solution market
  • Major end users of Lithium-ion Energy Storage Solutions
  • Market research and consulting firms

The study is essential in delivering useful information to industry stakeholders such as Lithium-ion Energy Storage Solution manufacturers, suppliers and other stakeholders. The report also provides useful insights about which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth opportunities in specific market segments and geographies.

Report Scope:

In this report, India Lithium-ion Energy Storage Solution market has been segmented into the following categories in addition to the industry trends which have also been listed below:

  • Market, By Type:
    • On-Grid
    • Off-Grid
  • Market, By End User:
    • Solar
    • Power Plants
    • Stationary
    • Wind
    • Industrial
    • Residential
    • Others
  • Market, By Region:
    • North
    • East
    • West
    • South
  • Market Share, By State:
    • Haryana
    • Uttar Pradesh
    • Tamil Nadu
    • Maharashtra
    • Karnataka
    • Andhra Pradesh
    • Gujarat
    • Rajasthan
    • Telangana
    • Madhya Pradesh
    • Bihar
    • Punjab
    • Uttarakhand
    • Odisha
    • Delhi
    • Others
  • Market, By Company:
    • Sterling and Wilson Pvt. Ltd.
    • Panasonic India Pvt. Ltd.
    • Exicom Power Solutions
    • AES India Pvt Ltd.

o    ACME Cleantech Solutions Private Limited

o    Others

Competitive Landscape

Competitive Benchmarking: Benchmarking of leading 10 players on the basis of end user.

Company Profiles: Detailed analysis of the major companies present in India Lithium-ion Energy Storage Solution market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

In case of you can’t find what you are looking for, then please get in touch with our custom research team at sales@techsciresearch.com

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.       Product Overview

2.       Research Methodology

3.       Analyst View

4.       India Lithium-ion Energy Storage Solution Market Outlook

4.1.    Market Size & Forecast

4.1.1. By Value

4.1.2. By Volume

4.2.    Market Share & Forecast

4.2.1. By Type (On-Grid and Off-Grid)

4.2.2. By End User (Solar, Power Plants, Stationary, Wind, Industrial, Residential and Others)

4.2.3. By Region (North, South, East and West)

4.2.4. By State

4.2.5. By Company

4.3.    Market Attractiveness Index

4.3.1. By End User (Wind, Solar, Power Plants, Industrial, Stationary, Residential and Others)

5.       India Solar Lithium-ion Energy Storage Solution Market Outlook

5.1.    Market Size & Forecast

5.1.1. By Value

5.1.2. By Volume

5.2.    Market Share & Forecast

5.2.1. By Region (North, South, East and West)

5.2.2. By State

5.2.3. By Company

6.       India Power Plants Lithium-ion Energy Storage Solution Market Outlook

6.1.    Market Size & Forecast

6.1.1. By Value

6.1.2. By Volume

6.2.    Market Share & Forecast

6.2.1. By Region (North, South, East and West)

6.2.2. By State

6.2.3. By Company

7.       India Stationary Lithium-ion Energy Storage Solution Market Outlook

7.1.    Market Size & Forecast

7.1.1. By Value

7.1.2. By Volume

7.2.    Market Share & Forecast

7.2.1. By Region (North, South, East and West)

7.2.2. By State

7.2.3. By Company

8.       India Wind Lithium-ion Energy Storage Solution Market Outlook

8.1.    Market Size & Forecast

8.1.1. By Value

8.1.2. By Volume

8.2.    Market Share & Forecast

8.2.1. By Region (North, South, East and West)

8.2.2. By State

8.2.3. By Company

9.       India Industrial Lithium-ion Energy Storage Solution Market Outlook

9.1.    Market Size & Forecast

9.1.1.  By Value

9.1.2. By Volume

9.2.    Market Share & Forecast

9.2.1. By Region (North, South, East and West)

9.2.2. By State

9.2.3. By Company

10.   India Residential Lithium-ion Energy Storage Solution Market Outlook

10.1.   Market Size & Forecast

10.1.1.    By Value

10.1.2.    By Volume

10.2.   Market Share & Forecast

10.2.1.    By Region (North, South, East and West)

10.2.2.    By State

10.2.3.    By Company

11.   Trade Dynamics

11.1.   Imports

11.2.   Source Countries with Share of Imports

12.   Sales Channel Analysis

12.1.   Existing Sales Channel

12.2.   Ideal Sales Channel

13.   Policies and Government Support

14.   Porter’s Five Force Analysis

15.   Industry SWOT Analysis

16.   Cost Benefit Analysis

17.   Product Benchmarking

17.1.   By Segments

17.2.   Key Requirements of the Key Segments by Application

18.   PESTEL Analysis

19.   List of Major Customers

20.   Competition Landscape

20.1.   Competition Matrix

20.2.   Company Profiles

20.2.1.    Sterling and Wilson Pvt. Ltd.

20.2.2.    Panasonic India Pvt. Ltd.

20.2.3.    Exicom Power Solutions

20.2.4.    AES India Pvt Ltd.

20.2.5.    ACME Cleantech Solutions Private Limited

20.2.6.    Delta Electronics India Pvt Ltd.

20.2.7.    Amplus Solar

20.2.8.    LG Chem

20.2.9.    NEC Technologies India Private Limited

20.2.10.   Coslight India Telecom Pvt. Limited

21. Strategic Recommendations

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figures

     

    Figure 1: India Lithium-ion Energy Storage Solution Market Size, By Value (USD Million) & Volume (MWh), 2016-2023F

    Figure 2: India Gross Domestic Product, Constant Prices, 2013-2020F (% Change)

    Figure 3: India Total Investments, 2013-2020F (% of GDP)

    Figure 4: India Inflation Rate, Average Consumer Prices, 2013-2020F (% Change)

    Figure 5: India per Capita Energy Consumption, 2012-2017 (Mega Joule)

    Figure 6: India Electricity Consumption Share, By Sector, 2017

    Figure 7: Budget Allocation for Housing & Urban Affairs, FY2018-FY2019 (%)

    Figure 8: India Installed Capacity of Electricity, By Region, As on 31st March, 2017 (%)

    Figure 9: India Lithium-ion Energy Storage Solution Market Share, By Type, By Value, 2018 & 2023F

    Figure 10: India Lithium-ion Energy Storage Solution Market Share, By Type, By Volume, 2018 & 2023F

    Figure 11: India Lithium-ion Energy Storage Solution Market Share, By End User, By Value, 2016-2023F

    Figure 12: India Lithium-ion Energy Storage Solution Market Share, By End User, By Volume, 2016-2023F

    Figure 13: India Lithium-ion Energy Storage Solution Market Share, By Region, By Value & Volume, 2018 & 2023F

    Figure 14: India Lithium-ion Energy Storage Solution Market Share, By State, By Value, 2018 & 2023F

    Figure 15: India Lithium-ion Energy Storage Solution Market Share, By State, By Volume, 2018 & 2023F

    Figure 16: India Lithium-ion Energy Storage Solution Market Share, By Company, By Value, 2018 & 2023F

    Figure 17: India Lithium-ion Energy Storage Solution Market Share, By Company, By Volume, 2018 & 2023F

    Figure 18: India Lithium-ion Energy Storage Solution Market Attractiveness Index, By End User, By Value, 2018-2023F

    Figure 19: India Solar Lithium-ion Energy Storage Solution Market Size, By Value (USD Million) & Volume (MWh), 2018-2023F

    Figure 20: India ESS Market Potential Share, 2022F

    Figure 21: India Solar Lithium-ion Energy Storage Solution Market Share, By Region, By Value & Volume, 2018 & 2023F

    Figure 22: India Solar Lithium-ion Energy Storage Solution Market Share, By State, By Value, 2018 & 2023F

    Figure 23: India Solar Lithium-ion Energy Storage Solution Market Share, By State, By Volume, 2018 & 2023F

    Figure 24: India Solar Lithium-ion Energy Storage Solution Market Share, By Company, By Value, 2018 & 2023F

    Figure 25: India Solar Lithium-ion Energy Storage Solution Market Share, By Company, By Volume, 2018 & 2023F

    Figure 26: India Power Plants Lithium-ion Energy Storage Solution Market Size, By Value (USD Million) & Volume (MWh), 2019E-2023F

    Figure 27: Indian Electricity Generation Mix as per National Electricity Plan, By Fuel, By Capacity (GW), 2017, 2022F & 2027F

    Figure 28: India Commissioned Thermal Power Plant Share, By Region, By Installed Capacity, 2017

    Figure 29: India Power Plants Lithium-ion Energy Storage Solution Market Share, By Region, By Value & Volume, 2018 & 2023F

    Figure 30: India Power Plants Lithium-ion Energy Storage Solution Market Share, By State, By Value, 2023F

    Figure 31: India Power Plants Lithium-ion Energy Storage Solution Market Share, By State, By Volume, 2023F

    Figure 32: India Power Plants Lithium-ion Energy Storage Solution Market Share, By Company, By Value, 2023F

    Figure 33: India Power Plants Lithium-ion Energy Storage Solution Market Share, By Company, By Volume, 2023F

    Figure 34: India Stationary Lithium-ion Energy Storage Solution Market Size, By Value (USD Million) & Volume (MWh), 2016-2023F

    Figure 35: FDI Equity Inflows to Various Services Sector in India, 2017 (USD Billion)

    Figure 36: Number of Bank Branches in India, 2011–2017 (Thousand Branches)

    Figure 37: Number of ATMs in India, 2012-2017 (Thousand)

    Figure 38: India Stationary Lithium-ion Energy Storage Solution Market Share, By Region, By Value & Volume, 2018 & 2023F

    Figure 39: India Stationary Lithium-ion Energy Storage Solution Market Share, By State, By Value, 2018 & 2023F

    Figure 40: India Stationary Lithium-ion Energy Storage Solution Market Share, By State, By Volume, 2018 & 2023F

    Figure 41: India Stationary Lithium-ion Energy Storage Solution Market Share, By Company, By Value, 2018 & 2023F

    Figure 42: India Stationary Lithium-ion Energy Storage Solution Market Share, By Company, By Volume, 2018 & 2023F

    Figure 43: India Wind Lithium-ion Energy Storage Solution Market Size, By Value (USD Million) & Volume (MWh), 2020F-2023F

    Figure 44: India Wind Energy Cumulative Installed Capacity (GW), 2013-2018E

    Figure 45: India Wind Lithium-ion Energy Storage Solution Market Share, By Region, By Value & Volume, 2018 & 2023F

    Figure 46: India Wind Lithium-ion Energy Storage Solution Market Share, By State, By Value, 2023F

    Figure 47: India Wind Lithium-ion Energy Storage Solution Market Share, By State, By Volume, 2023F

    Figure 48: India Wind Lithium-ion Energy Storage Solution Market Share, By Company, By Value, 2023F

    Figure 49: India Wind Lithium-ion Energy Storage Solution Market Share, By Company, By Volume, 2023F

    Figure 50: India Industrial Lithium-ion Energy Storage Solution Market Size, By Value (USD Million) & Volume (MWh), 2016-2023F

    Figure 51: India Infrastructure Industry Investments, 2012-2017 (USD Billion)

    Figure 52: India Industrial Lithium-ion Energy Storage Solution Market Share, By Region, By Value & Volume, 2018 & 2023F

    Figure 53: India Industrial Lithium-ion Energy Storage Solution Market Share, By State, By Value, 2018 & 2023F

    Figure 54: India Industrial Lithium-ion Energy Storage Solution Market Share, By State, By Volume, 2018 & 2023F

    Figure 55: India Industrial Lithium-ion Energy Storage Solution Market Share, By Company, By Value, 2018 & 2023F

    Figure 56: India Industrial Lithium-ion Energy Storage Solution Market Share, By Company, By Volume, 2018 & 2023F

    Figure 57: India Residential Lithium-ion Energy Storage Solution Market Size, By Value (USD Million) & Volume (MWh), 2016-2023F

    Figure 58: India Real Estate Market Size, 2017 & 2020F (USD Billion)

    Figure 59: India Cumulative Housing Demand-Supply in Top 8 Cities (‘000 Units), 2017

    Figure 60: India Urban Population, 2017 & 2031F (Million)

    Figure 61: India Residential Lithium-ion Energy Storage Solution Market Share, By Region, By Value & Volume, 2018 & 2023F

    Figure 62: India Residential Lithium-ion Energy Storage Solution Market Share, By State, By Value, 2018 & 2023F

    Figure 63: India Residential Lithium-ion Energy Storage Solution Market Share, By State, By Volume, 2018 & 2023F

    Figure 64: India Residential Lithium-ion Energy Storage Solution Market Share, By Company, By Value, 2018 & 2023F

    Figure 65: India Residential Lithium-ion Energy Storage Solution Market Share, By Company, By Volume, 2018 & 2023F

     

    List of Tables

     

    Table 1: Allocation of Funds, By Project, FY2017-FY2019 (USD Million)

    Table 2: India Solar Rooftop Targets Under National Solar Mission, By State & Capacity, 2019F-2022F (MW)

    Table 3: Discom-wise Average Power Cut Duration in India, March 2017 & March 2018

    Table 4: State-wise Target & Achievement of Domestic Connections, By State, As of FY2017 (Thousand)

    Table 5: Anticipated All India Power Supply Position, 2018

    Table 6: State-wise Average Power Cut Duration in India, March 2017 & March 2018

    Table 7: India Grid-interactive Power Capacities (MWp), 2017

    Table 8: North India List of Solar Parks Sanctioned under the Solar Park Scheme, As of February 2018

    Table 9: Release of Funds under Smart City Mission, By Major State/UT, As of 2017 (USD Million)

    Table 10: Major Under Construction and Permitted Coal Fired Plant Projects in Tamil Nadu, By Capacity, 2017 (MW)

    Table 11: List of Major Customers for Stationary Energy Storage Solution, By Capacity (kWh), By Year

    Table 12: Proposed Solar and Wind Energy Capacity Bidding by GoI, By Year (GW)

    Table 13: India Wind Energy Cumulative Installed Capacity, By States, 2017 (GW)

    Table 14: India IIP Growth Rate, 2013-2018

    Table 15: Import Share of Lithium-ion Inverter for Energy Storage Solution in India, By Country, 2018

    Table 16: Import Share of Lithium-ion Battery for Energy Storage Solution in India, By Country, 2018

    Table 17: Energy Storage Solution Product Benchmarking, By Type, By End User

    Table 18: Key Requirements for Renewable Energy Lithium-ion Energy Storage Solution

    Table 19: Key Requirements for Industrial and Stationary Lithium-ion Energy Storage Solution

    Table 20: List of Major Potential & Existing Customers for Stationary Lithium-ion Energy Storage Solution

    Table 21: List of Major Potential & Existing Customers for Solar Lithium-ion Energy Storage Solution

    Table 22: List of Major Potential Customers for Power Plants Lithium-ion Energy Storage Solution

    Table 23: List of Major Potential Customers for Wind Lithium-ion Energy Storage Solution