Market Report

Energy Storage Market in India Outlook Update H1 2020

logo green Fact Factor

Report Summary The recent pandemic related to COVID19 has highlighted the importance of domestic manufacturing considering the risk of global supply chain disruptions.

Energy Storage Market in India Outlook Update H1 2020



License Type

In addition to single user license


  • About

    China dominance in Li-ion battery manufacturing created a series of disruptions in the supply chain – Cascading effect on Indian energy storage projects in H1 2020

    The intermittent nature of renewable energy and the limitations on its ability to ramp up and down based on demand lead to the waste of a certain amount of capacity. To counter this drawback, energy banking has been adopted in the past. Owing to strong push by Government & decline in the cost of storage technologies, CY 2019 witnessed a rise in the number of storage tenders. Moreover, It is also estimated Indian Energy Storage Market is expected to grow at a CAGR of 6.1% by 2026

    However, the onset of COVID-19 has created a series of disruptions in the supply chain and manufacturing of Li-ion batteries impacting the Indian EVs and stationary energy storage market. Since, China is dominant in the Li-ion battery manufacturing and supply chain, the impact is expected to account for FY 2020-21. This further, shall have a cascading effect on implementation of Energy Storage Enabled projects in India. Consequently, in H1 2020, Industry demanded clear policy on energy storage in new electricity law showing the roadmap involving investment incentives, improved storage technology, and realistic targets for developing storage capacity.

  • TOC
  • USPs
  • Key Highlights
  • Report Insights
  • Must Buy For
  • Companies Mentioned

Get your report flyer

Download the flyer to learn more about:

  • Report structure
  • Select definitions
  • Scope of research
  • Companies included
  • Additional data points

IMPORTANT: Please tick the box prior to sending your request. All fields are required.

BEST VISION IS INSIGHT

Combine market knowledge and your skill to contribute value for end consumers

pngtree-an-aerial-view-of-a-highway-junction-with-cars-crossing-each-picture-image_2707356.png

PPP Investments Status in India across Varied Sectors

Read more  →
Refinery-geoplotics.jpg

Production & EXIM Trends for Major Chemicals & Petrochemicals in India

Read more  →
virtualni-prohlidka-dlouhe-strane-640.jpg

Global Development Status of Pumped Hydro Storage Capacity

Read more  →

Get started with
EI Market personalised demo

Complete the form to get in touch with our sales team to see our Visionboard platform in action. We'll show you how you can use eninrac to build a culture of action of consistently hunting down and eliminating poor market research expriences across your companies line of business

power by why
REQUEST DEMO
By providing this information, you grant consent that we may process your personal data in accordance with our Privacy Statement.
By submitting this form, you grant consent to receive marketing information from eninrac as set out in our Terms of Service & Privacy Statement. You may unsubscribe at any time.