India Stationary Behind-the-meter (BTM) Energy Storage & Railway Battery Market Overview 2021-30

The Stationary storage market in India is presently driven by behind-the-meter (BTM) installations. The annual installation of BTM batteries crossed over 33GWh in 2021.

Key Trends in the market:

BTM Storage market is driven by the power reliability issues faced by the electricity consumers in the country. The majority of the battery applications here are for power backup eg: inverters, UPS, Telecom towers, Diesel optimization, etc
The impact of central or state policies has a low to moderate impact in this market. Present policies on rooftop solar, net metering, Electricity rule amendment of 24x7 provision of power to the customer is expected to have a positive impact on the battery market growth from the BTM segment.
Lithium-ion battery penetration is highest in Telecom sector (up to 20%) and UPS (~5% ) segments.Â With the dropping LiB prices in the forecast period, more segments such as rooftop solar, railways, inverters are also expected to become key applications by 2030.
Local Lithium battery assemblers capacity in India is around 5+GWh. This contains both EV and stationary pack suppliers. There are over 30+ notable pack assemblers across Gurgaon, Noida, Gujarat, Maharashtra, Delhi, Himachal Pradesh, Tamil Nadu, and Telangana.

What is covered in the report?

Annual energy storage market demand (GWh) in BTM and railway segment and how it has changed from 2019 to 2021.
Market forecast (GWh) by applications till 2030- rooftop solar+storage, hybrid-DG set (DG set with energy storage), telecom tower back up, inverter battery backup, UPS battery backup, energy storage for rural electrification, railway application.
Techno-commercial viability analysis of using lithium batteries in this application.
Key players and their market shares in lead-acid battery market for BTM application
Key players in the lithium-ion and other advanced chemistry battery market for BTM applications.
Price -trend of Lithium-ion battery packs till 2030.

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