Off-grid Energy Storage Market in India 2017-2021

Published: September 2017
No. of Pages: 69
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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.

The analysts forecast off-grid energy storage market in India to grow at a CAGR of 15.17% during the period 2017-2021.

Covered in this report

This 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.

This 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

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

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?

Published By: Technavio
Product Code: Technavio17389

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