IESA’s 5th edition of India Stationary Energy Storage market report estimates the market for Energy Storage in India to be the US $2.8 billion in 2018 and forecasted to grow at a CAGR of 6.1% by 2026. The total annual MWh addition in 2018 hit 24.4 GWh and expected to grow to 64.5 GWh by 2026. The report dwells in-depth into the various applications of advanced storage technologies such as in Renewable Energy integration, Transmission & Distribution (T&D) deferral, ancillary services, railways, microgrids, telecom, and behind the meter applications such as inverters, UPS, solar rooftop and so on. The base year of the study is 2018, the forecast period is 2019-2026.
Grid-scale storage applications in Solar integration, wind integration, T&D deferral, Ancillary services,
Behind the meter storage applications such as telecom, rural electrification, solar rooftops, diesel replacements, inverter back-up, UPS back-up, Thermal Energy Storage
Railways: Rolling stock, signaling, and control room back-up.
Key Questions the Report Answers:
- Which are the key growth segments under stationary storage in India? How is the market expected to grow till 2026?
- What are the major drivers & limitations to this market growth?
- What is the status of various grid-scale storage projects in the country?
- What is the current policy landscape for the stationary storage market, and what is its impact on market growth?
- How is the competitive environment changing in this market?