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ENERGY STORAGE
MARKET
UPCOMING
IN INDIA
Comprehensive Analysis of Business Prospects
in
Evolving Energy Storage Sector
with Future Outlook 2020

Forwa
rd

Inspirationally

Publication: January 2017

SNP Infra

Energy Storage Market In India

Indias burgeoning economy and increasing
purchasing power have strengthened its position
in South East Asia. The industrial restructuring
and legislative Reforms commenced in the start
of 2000s allowed India to develop into a trilliondollar economy. Following the growth success
,India has emerged as the fastest growing major
economy in the world as per the Central Statistics
Organization (CSO) and International Monetary
Fund (IMF). According to the Economic Survey
2015-16, the Indian economy will continue to
grow more than 7 per cent in upcoming years.
With this, Indian electricity requirement is also
likely to grow with the similar pace.
India is committed to ensure its energy security
vis-a-vis to reduce greenhouse gas emissions. As
a result, India has set an ambitious renewable
energy target of 175 GW. But with such rapid
capacity addition, problem is arising with too
much solar and wind power in some parts of the
country. Solar and wind power are not as easy to
control as traditional fossil fuel plants, so power
grids need to become flexible enough to handle
last-minute changes in power generation. In such
scenario, energy storage can also play an
important role in reducing curtailment .
Besides that, In India, due to the frequent power
outages, traditionally there has been a huge
market for electrical energy storage mainly in the
commercial and residential segments. Electrical
storages end use was as power back-up till now,
but the market for electrical storage is
undergoing a massive transformation.
Energy Storage is one of the key technologies
which have shown unique capabilities in coping
with some critical characteristics of electricity, for
example hourly variations in demand and price.
In the near future, energy storage will become
indispensable in emerging IEC-relevant markets
in the use of more renewable energy to achieve
CO2 reduction and for smart grids.
There is increased interest in deploying electric
vehicles, and the governments National Electric
Mobility Mission (NEMM) targets 6-7 million
electric vehicles by 2022. Apart from global
companies like Tesla, Indian firms are also
showing enormous promise and have also been
able to get the interest of big investors.
That is why many people see affordable storage
as solution to India's future energy problems as
storage can become the missing link between
intermittent renewable power, such as solar and
wind, and 24/7 reliability. Utilities are intrigued by
the potential for storage to meet other needs
such as relieving congestion and smoothing out
the variations in power that occur independent of
renewable-energy generation. Major industrial
companies consider storage a technology that
could transform cars, turbines, and consumer

Indias energy storage market was estimated at

approximately 4.4GW in 2015, with the backup
inverter market comprising over 60% of this,
according to previous reports. As per 2013
estimates, market potential of energy storage
(for all types of energy storage technologies
including thermal storage) in India was at over 15
GW by 2020. The estimate was done prior to the
increase in renewable Energy capacity addition
targets by the Indian government, and with this
the market potential for energy storage has gone
up significantly to over 70 GW by 2022.
In its attempt to capture all the opportunities
associated which emanates from the tune of
expected
investments
in
energy
storage
segment, SNP Infra Research in its latest business
series report presents an exhaustive coverage of
the energy storage market in India. The report
encompasses exhaustively the set of associated
opportunities coming up in the segment in
coming years as well as it extensively covers the
risks and challenges present in India. SNP Infra
Research hopes that the collective insights
shared in the report contribute towards shaping
better strategies and enables stakeholders with
valuable inputs that ensures long-term viable
growth of the sector.
Through this report SNP Infra Research attempts
to unleash the tune of opportunities and
associated challenges with the energy storage
market in India. This report along gives an added
advantage over others, in gaining better
understanding and analysis of the storage sector
in India.
The report covers in depth :
Overview of Energy Storage Market in India
Market
Assessment
A MustSize
Buy
For:
Insights into growth drivers, key issues and
challenges
Players Profiling
Power Developers
Opportunity
Trekking
Electrical and Storage Equipment
Future
Outlook 20200
Manufacturers
Transmission and Distribution Companies
Consultants
Investment Bankers
Policy Makers
Research Companies
Technology Providers
Government Agencies
Regulatory Institutions
Industrial , Commercial Consumers of
Energy
RE Development Agencies
Financial Institutions etc.

SNP Infra Research

Table Of Content (Draft)

1.

Executive Summary

1.1

Executive Summary

2. Introduction to Energy Storage

2.1
2.2
2.3

3.

Introduction
Need of Energy Storage
Global Energy Storage Market : An Overview

Indian Energy Storage Market

3.1
3.2
3.3
3.4
3.5

4.

Indian Energy Storage Market: An Overview

Value Chain Analysis
Market Size: Trend Analysis
Market Segmentation
Market Potential Assessment

Technology Segmentation

4.1
Market Analysis : Mechanical Energy
Storage System
4.1.1.
4.1.2

Pumped Hydro Storage

Compressed Air Energy Storage

4.1.3

Flywheels

(CAES)

4.2
Market Analysis: Electrochemical Energy
Storage System
4.2.1

7. Risk Analysis
7.1
7.2
7.3

Credit Risk
Policy Risk
Technical Risk

8 . Competitive landscape
8.1
8.2
8.3
8.4
8.5

Overview
SWOT Analysis
PESTLE Analysis
Profiling of Key Players
Recent Development

9. Future Outlook 2020

9.1
9.2
9.3
9.4
9.5

Demand Forecast
Market Size Forecast
Technology Wise Forecast
Industry wise Forecast
Investment Forecast

10. Way Forward

11. Annexure
12. Way Forward

Solid State Batteries

5. Evolving
and Regulatory
4.2.2 Policy
Flow Batteries
Scenario
5.1
5.2
Sector
5.3
5.4
5.5

Policies Governing Energy Storage Sector

Regulations Governing Energy Storage
Recent Policy Initiatives
Recent Regulatory Developments
Key Institutions

6. Growth Drivers
6.1
6.2
6.3
6.4
6.5
Vehicles

Growing Impetus on Renewable Energy

Smart Grid infrastructure Development
Off Grid Requirements
Technology Innovation
Future Demand of Hybrid Equipment and

Release Date: January 2017 Pages:200*(Approx.) Delivery Format: PDF

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