Market Research Logo

Off-grid Energy Storage Market in India 2017-2021

Off-grid Energy Storage Market in India 2017-2021

About Off-grid Energy Storage

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.

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

Covered in this report

The 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.

Technavio's 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?


Press Release

Technavio Announces the Publication of its Research Report – Off-Grid Energy storage market in India2017-2021

Technavio recognizes the following companies as the key players in the off-grid energy storage market in India: Delta Electronics, Exide Industries, NEC Energy Solutions, and Su-Kam Power Systems

Other Prominent Vendors in the market are: ABB, Amara Raja, Luminous Power Technologies, Panasonic India, Saft, Samsung SDI, Schneider Electric, and Trojan Battery Company.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Need for reducing CO2 emissions. Diesel mini-grid systems are common in remote areas where access to grid power is unreliable or non-existent. The cost of electricity generated is dependent on the cost of diesel and the maintenance cost incurred. However, in an off-grid scenario, the cost incurred is higher than just the price available at pump prices. This is due to the fact that diesel has to be delivered to the location, which can be a challenge. The transportation cost is added to the cost of the diesel, keeping the cost per kWh on the higher side.”

According to the report, one of the major drivers for this market is Need for electrification. Electricity consumption is proportional to the economic development of a country. Though it is a complex relationship, electricity is a pre-requisite and a strategic component necessary for economic growth, driving infrastructure and social development.

Further, the report states that one of the major factors hindering the growth of this market is High capital requirement. To have a sustainable and reliable off-grid source of power, it is highly necessary to have power source to charge the battery. Usually, solar is paired with a battery as solar is abundant in nature and is freely available. The solar system would charge the battery with the power discharged from the battery as and when required. In the alternative scenario where diesel generators are used, solar systems can be retrofitted with an energy storage system so that diesel generators can be used to charge the battery with the battery supplying the power when needed.

Companies Mentioned

Delta Electronics, Exide Industries, NEC Energy Solutions, and Su-Kam Power Systems, ABB, Amara Raja, Luminous Power Technologies, Panasonic India, Saft, Samsung SDI, Schneider Electric, and Trojan Battery Company.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Market overview
    • Market size and forecast
      • Table Off-grid energy storage market in India 2016-2021 ($ millions)
      • Table High-potential countries for renewable-based distribution generation and off-gridtechnologies 2016
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by end-user
    • Off-grid energy storage market in India by end users
      • Table Off-grid energy storage market in India by end-users 2016 and 2021 (%)
      • Table Off-grid energy storage market in India by end-users 2016-2021 ($ millions)
    • Off-grid energy storage market in India by residential sector
      • Table Off-grid energy storage market in India by residential sector 2016-2021 ($ millions)
      • Table Graphic representation of a solar PV diesel hybrid system for mini-grids
    • Off-grid energy storage in India by non-residential sector
      • Table Off-grid energy storage market in India by non-residential sector 2016-2021 ($millions)
  • Market segmentation by technology
    • Off-grid energy storage market in India by technology
      • Table Off-grid energy storage market in India by technology 2016 and 2021 (%)
      • Table Off-grid energy storage market in India by technology 2016-2021 ($ millions)
    • Off-grid energy storage market in India by leadacid battery technology
      • Table Off-grid energy storage market in India by lead-acid battery technology 2016-2021($ millions)
    • Off-grid energy storage market in India by Li-ion battery technology
      • Table Off-grid energy storage market in India by Li-ion battery technology 2016-2021 ($ millions)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Population without electricity: Developing Asia 2016 (millions)
      • Table Estimated telecom tower installation in India by power source 2016 (%)
      • Table Cost breakup of typical BTS tower power system 2016 (%)
    • Market challenges
      • Table Cost comparison of large and medium hybrid systems
      • Table Electricity generation efficiency 2016 (%)
  • Market trends
    • Need for reducing CO2 emissions
      • Table Comparison of GHG emission between a hybrid system and a diesel generatorsystem
    • Reduction in PV system costs
      • Table Indexed cost of solar PV systems 2008-2015
      • Table Typical PV penetration by system type
    • Inadequate T&D infrastructure
      • Table Top 5 electricity access deficit countries 2014
  • Vendor landscape
    • Competitive landscape
    • Other prominent vendors
      • Table Other prominent vendors (indicative list)
  • Key vendor analysis
    • Delta Electronics
      • Table Delta Electronics: Businesses
    • Exide Industries
      • Table Exide Industries: Product offering
    • NEC Energy Solutions
      • Table NEC Energy Solutions: Key products
      • Table NEC Energy Solutions: Key solutions
    • Su-Kam Power Systems
      • Table Su-Kam Power Systems: Business segmentation
      • Table Su-Kam Power Systems: Key products
  • Appendix
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report