Press release
India Energy Storage Systems (Ess) Market to Reach 16.2 GW by 2034 | CAGR 6.84% Growth
How Big is the India Energy Storage Systems (ESS) Industry?
The Energy Storage Systems (ESS) market size in India was 8.9 GW in 2025. Looking forward, IMARC Group estimates the market to reach 16.2 GW by 2034, exhibiting a CAGR of 6.84% during 2026-2034.
India Energy Storage Systems (ESS) Market Trends:
The India Energy Storage Systems Market is going through a major transformation as the country races to balance its ambitious renewable energy targets with grid stability needs. What's making this shift happen is a combination of technology maturation, falling costs, and a government push that's finally creating the right conditions for large-scale deployment.
The market's momentum is being driven by real numbers. During FY2024, lithium-ion battery demand in India reached approximately 15 GWh, largely fueled by consumer electronics and electric vehicles. This demand is projected to climb to 127 GWh by FY2030, reflecting the rapid adoption across multiple sectors. In the renewable energy space alone, India added around 3.4 GW of wind capacity and 24.5 GW of solar capacity in 2024, with solar now accounting for 47% of the country's total renewable capacity.
Request Free Sample Report (Download Instantly): https://www.imarcgroup.com/india-energy-storage-systems-market/requestsample
Battery storage is no longer a theoretical solution-it's becoming essential infrastructure. The integration challenge is real: as solar and wind installations grow, the grid faces increasing pressure to manage intermittent power supply. Energy storage fills this gap by storing excess generation during peak production hours and releasing it when demand spikes or renewable output drops. This capability is particularly valuable during evening hours when solar generation ceases but electricity demand remains high.
Technology costs are finally reaching a tipping point. Battery prices have dropped substantially, making projects economically viable without excessive subsidies. Lithium-ion batteries, which dominate the market due to their high energy density and longer lifespan, have become more accessible to utilities, industrial users, and even residential customers looking for backup power and energy independence.
India Energy Storage Systems (ESS) Market Growth Drivers:
The growth of the India Energy Storage Systems Market is being propelled by a unique combination of policy support, infrastructure needs, and commercial opportunities that are converging at the right time.
Government initiatives are playing a decisive role in accelerating deployment. The Viability Gap Funding (VGF) scheme, which provides up to 30% capital cost support for standalone battery energy storage projects, has dramatically changed the economics. In the first quarter of 2025 alone, standalone ESS tenders reached 6.1 GW-already surpassing the entire 2024 issuance. Recent auctions in Maharashtra and Rajasthan secured monthly tariffs as low as Rs 219,001-221,100 per MW, representing a 40% reduction compared to non-VGF projects. This funding mechanism is unlocking private investment at scale.
Infrastructure development is another major catalyst. India's target to add 500 GW of non-fossil fuel capacity by 2030 requires massive grid modernization. The grid needs energy storage for at least 10% of incremental renewable capacity-translating to approximately 47 GW/188 GWh cumulatively. As of early 2024, operational BESS capacity stood below 1 GW, leaving enormous room for growth.
Request Customization: https://www.imarcgroup.com/request?type=report&id=29922&flag=E
Commercial opportunities are expanding rapidly. The market is witnessing diversification across multiple applications-from utility-scale projects that provide grid stabilization services to industrial installations that help manage peak demand charges and ensure uninterrupted operations. Residential adoption is also gaining traction as consumers seek energy independence and protection against power outages.
Comprehensive Market Report Highlights & Segmentation Analysis:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest India Energy Storage Systems (ESS) market share. It includes forecasts for the period 2026-2034 and historical data from 2020-2025 for the following segments.
Analysis by Technology:
★ Pumped Hydro
★ Electrochemical Storage
★ Electromechanical Storage
★ Thermal Storage
Analysis by Application:
★ Stationary
★ Transportation
Analysis by End User:
★ Residential
★ Non-Residential
★ Utilities
Regional Analysis:
★ North India
★ South India
★ East India
★ West India
Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=29922&flag=C
Other key areas covered in the report:
★ COVID-19 Impact on the Market
★ Porter's Five Forces Analysis
★ Strategic Recommendations
★ Market Dynamics
★ Historical, Current, and Future Market Trends
★ Market Drivers and Success Factors
★ SWOT Analysis
★ Value Chain Analysis
★ Comprehensive Mapping of the Competitive Landscape
★ Top Winning Strategies
★ Recent Industry News
★ Key Technological Trends & Development
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
Access The Latest Full Research Reports:-
★ India Renewable Energy Market👉https://www.imarcgroup.com/india-renewable-energy-market
★ India Carbon Credit Market👉https://www.imarcgroup.com/india-carbon-credit-market
★ India Intravenous Solution Market👉https://www.imarcgroup.com/india-intravenous-solution-market
★ India Sustainable Packaging Market👉https://www.imarcgroup.com/india-sustainable-packaging-market
★ India Airless Tires Market👉https://www.imarcgroup.com/india-airless-tires-market
ABOUT US
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
CONTACT US
IMARC Group, 134 N 4th St. Brooklyn, NY 11249, USA,
Email: sales@imarcgroup.com,
Tel No: (D) +91 120-433-0800,
United States: +1-201-971-6302
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release India Energy Storage Systems (Ess) Market to Reach 16.2 GW by 2034 | CAGR 6.84% Growth here
News-ID: 4361781 • Views: …
More Releases from IMARC Group
Indonesia Plastics Market Expected to Reach USD 14.03 Billion by 2033 at a CAGR …
Indonesia Plastics Market Report Introduction
According to IMARC Group's report titled "Indonesia Plastics Market Size, Share, Trends and Forecast by Type, Technology, Application, and Region, 2025-2033" the report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.
Note : We are in the process of updating our reports to cover the 2026-2034 forecast period. For the most recent data, insights, and industry updates, please click on…
Thermal Interface Materials Market Size to Reach USD 7.49 Billion by 2033
The global Thermal Interface Materials Market was valued at USD 3.77 Billion in 2024 and is expected to reach USD 7.49 Billion by 2033. The market is forecast to grow at a CAGR of 8.96% during the period 2025 to 2033. Growth is driven by expansion in consumer electronics, renewable energy investments, automotive technology innovations, adoption of 5G, aerospace and defense growth, and medical device advancements.
STUDY ASSUMPTION YEARS
• Base Year: 2024
• Historical…
Cotton Yarn Manufacturing Plant DPR & Unit Setup - 2026: Demand Analysis and Pro …
Setting up a cotton yarn manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Cotton Yarn Manufacturing Plant Cost Analysis Report 2026: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a cotton…
Masterbatch Manufacturing Plant (DPR) 2026: Project Cost, Raw Materials Requirem …
Setting up a masterbatch manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Masterbatch Manufacturing Plant Cost Analysis Report 2026: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a masterbatch manufacturing plant,…
More Releases for India
India Smart Air Purifier Market Set to Witness Significant Growth by 2035 | Phil …
India smart air purifier market was valued at $125.8 million in 2024 and is projected to reach $298.7 million by 2035, growing at a CAGR of 8.3% during the forecast period (2025-2035).
India Smart Air Purifier Market Overview
The Indian smart air purifier market is experiencing significant growth, driven by increasing concerns over air pollution and its impact on health. Consumers are increasingly adopting smart air purifiers equipped with advanced features…
Ayurvedic Service Market is Flourishing Like Never Before | Patanjali Ayurved Li …
RnM newly added a research report on the Ayurvedic Service market, which represents a study for the period from 2020 to 2026.
The research study provides a near look at the market scenario and dynamics impacting its growth. This report highlights the crucial developments along with other events happening in the market which are marking on the growth and opening doors for future growth in the coming years. Additionally, the…
Pasta Market Report 2018 Companies included Bambino (India), Nestle (USA), Field …
We have recently published this report and it is available for immediate purchase. For inquiry Email us on: jasonsmith@marketreportscompany.com
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation on the…
Interior Designers India, Designers and Architects India, Interior Design Consul …
Synergy Corporate Interiors Pvt. Ltd. are offer Designers and Architects India Our architects, designers are working an national and international client base. The final design output is then integrated with the various technical and engineering aspects and taken into production. The expression is also individualistic, based on the communication of the correct corporate identity. Our designers, engineers and architects perform any plan successfully combine handy knowledge with creative ideas into…
Domain Registration India, Web Hosting India, VPS Hosting India , SSL Certificat …
All the Domain Registration services are at affordable price and assure you for the 100% quality.
India Internet offers cheap domain name registration for many domain extensions available. We are a full-service web site solutions provider. We offer a full range of web services including domain registration India, Web Hosting India, Web design, SEO marketing and etc.
We offer different standard and different Windows .NET low-cost, full-featured, all-inclusive web hosting and domain…
Domain Registration India, Web Hosting India, Payment Gateway India
Indiainternet.in is a Quality Web Hosting Company India, provide all web related support and Web hosting services like linux web hosting, windows web hosting, web hosting packages, domain registration in india, Corporate email solution, business email hosting, payment gateway integration, SSL with supports like free php, cgi, asp, free msaccess, free cdonts, free webmail, web based control panel, unlimited ftp access, unlimited data transfer.
During the domain registration process, you will…
