Press release
Off-grid Energy Storage Market in India to Expand at a CAGR of 15.17% to 2021 Due to Rise in Energy Storage Industry
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.
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Technavios 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
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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
Browse Report @ https://www.researchmoz.us/off-grid-energy-storage-market-in-india-2017-2021-report.html
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?
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