India Battery Energy Storage System (BESS) Market Overview: 2025-2030
Base Year: 2024
Historical Years: 2020-23
Forecast Years: 2025-2030
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
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India Battery Energy Storage System (BESS) Market Dynamics: 2025-2030
India Battery Energy Storage System (BESS) Market Driver:
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.
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India Battery Energy Storage System (BESS) Market (2025-30): Segmentation Outlook
The market report has segmented the market into the following categories:
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.
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Top Companies Operating in the India Battery Energy Storage System (BESS) Market:
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.
Industry Recent Development:
- January 2025: India’s first battery energy storage system headed by BSES Rajdhani, to go live in south Delhi’s Kilokri in March 2025 approved by the Delhi Electricity Regulatory Commission.
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