India Battery Energy Storage Systems Market Size, Share, and COVID-19 Impact Analysis, By Battery Type (Lithium-ion, Lead-acid, Flow, and Others), By Connection Type (On-grid and Off-grid), and India Battery Energy Storage Systems Market, Insight, Industry Trend, Forecasts to 2035.

India Battery Energy Storage Systems Market Insights Forecasts to 2035

• India Battery Energy Storage Systems Market Size 2024: USD 288.52 Million
• India Battery Energy Storage Systems Market Size 2035: USD 3704.87 Million
• India Battery Energy Storage Systems Market CAGR: 26.12%
• India Battery Energy Storage Systems Market Segments: Battery Type and Connection Type

The battery energy storage systems (BESS) refer to the sophisticated energy storage systems that store electrical energy in rechargeable batteries for future use. BESS systems harness energy from solar panels, wind energy converters, or the main power grid and release it during peak periods when energy is scarce. The battery energy storage systems are useful for power grid stabilization, enhancing the reliability of energy supply, and facilitating the integration of renewable energy sources. Other uses of BESS include managing peak loads, frequency regulation, and micro-grids in rural areas.

The government of India had taken multi-pronged steps to expand energy storage capacity, targeting 60.63 GW by 2030, including 41.65 GW from BESS. Measures included VGF schemes, ISTS charge waivers, national frameworks, and advisories to promote co-located storage with renewable projects. India’s Energy Storage Alliance informed that battery energy storage installations were projected to rise nearly tenfold, reaching 5 GWh from 507 MWh in 2025. This surge was driven by record tendered, with 60 GWh projects entering execution.

The battery energy storage systems (BESS) are experiencing fast-paced technological developments, thanks to advancements in lithium-ion technology, solid-state batteries, and advanced battery management systems. Technologies like artificial intelligence-powered energy optimization, advanced thermal management systems, and modular and scalable designs are enhancing efficiency, reliability, and durability. Integration with smart grids and IoT technology is facilitating real-time monitoring and predictive maintenance. Moreover, advancements in flow batteries and second-life EV batteries are increasing storage capacity and making renewable energy integration more viable.

Market Dynamics of the India Battery Energy Storage Systems Market:

The battery energy storage systems (BESS) for future use, thereby balancing demand and supply, and play a pivotal role in the integration of non-conventional sources of energy, such as solar and wind energy, into the energy mix of India. The ambitious target of achieving ~500 GW of non-fossil fuel-based capacity by 2030 is a key driver for the adoption of BESS in India, as it is necessary for mitigating the intermittency of renewable energy and maintaining grid stability. Government support in terms of exemptions on transmission charges, viability gap funding, storage-based tenders, and initiatives like the National Energy Storage Mission are also contributing to the growth of BESS.

The battery energy storage systems are restrained by the high capital expenditure required for large-scale storage, which is a deterrent, especially in the context of India’s dependence on imported battery cells and critical minerals. There are also uncertainties regarding the regulatory and market framework, lack of access to affordable financing, and the requirement for a clearer revenue stream.

The battery energy storage systems opportunities are huge, this includes rise of local manufacturing (encouraged by PLI schemes and local content requirements), technological innovation, and second-life use of EV batteries, which can help lower costs and mitigate supply chain challenges. Emerging applications in commercial, industrial, EV charging stations, and hybrid renewable energy projects will unlock new demand pockets. As policies become more supportive and local manufacturing gains momentum, the Indian BESS market is set for strong growth in the next decade.

Market Segmentation

The India battery energy storage systems market share is classified into battery type and connection type.

By Battery Type:

The India battery energy storage systems market is divided by battery type into lithium-ion, lead-acid, flow, and others. Among these, the lithium-ion segment controlled the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The lithium-ion battery segment dominated due to offering high energy density, longer cycle life, and superior charge–discharge efficiency compared to lead-acid and other battery types.

By Connection Type:

The India battery energy storage systems market is divided by connection type into on-grid and off-grid. Among these, the on-grid segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The on-grid segment dominance is driven by the fact that they are extensively used in utility-scale renewable energy integration, grid stabilization, frequency regulation, and peak load management, key priorities as India expands its renewable capacity.

Competitive Analysis:

The report offers the appropriate analysis of the key organisations/companies involved within the India battery energy storage systems market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. 

Top Key Companies in India Battery Energy Storage Systems Market:

• Amara Raja Energy & Mobility Ltd
• Avaada Group
• Delta Electronics India
• Exide Industries Ltd
• HBL Power Systems Ltd
• Livguard Energy
• Luminous Power Technologies
• Rays Power Infra
• Sterling and Wilson Renewable Energy Ltd
• Waaree Energies Ltd
• Others

Recent Developments in India Battery Energy Storage Systems Market:

In February 2026, Ola Electric entered India’s USD 12 billion energy storage market by launching home battery solutions. This move expanded its focus beyond electric vehicles, aiming to provide residential energy storage for backup power, renewable integration, and consumer-level energy independence, strengthening its clean energy ecosystem.

In May 2025, India’s first utility-scale standalone battery energy storage system commissioned in New Delhi with 20 MW/40 MWh capacity. Developed by IndiGrid and AmpereHour Energy, supported by GEAPP, it marked South Asia’s largest BESS, enhancing renewable integration, grid stability, and peak demand management.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the India, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the India battery energy storage systems market based on the below-mentioned segments:

India Battery Energy Storage Systems Market, By Battery Type

• Lithium-ion
• Lead-acid, Flow
• Others

India Battery Energy Storage Systems Market, By Connection Type

• On-grid
• Off-grid