India Renewable Energy Storage Systems Market (2016-2022): Market Forecast by Technologies, Applications and Regions
India Renewable Energy Storage Systems Market (2016-2022): Market Forecast by Technologies (Mechanical, Electrochemical and Thermal), Applications (Utility, Residential and Non-Residential) and Regions (North, South, East and West)
As India is moving ahead to achieve the ambitious target of 175 GW of renewable energy by 2022, which is offering immense growth opportunities to Renewable Energy Storage Systems (RESS) market players. Presently, India RESS market is at niche stage, which is expected to register a substantial growth rate during 2016-22. Decreasing energy storage cost coupled with rising government initiatives by offering various incentives and monetary subsidies would drive the market over the next six years.
According to 6Wresearch, India Renewable Energy Storage Systems (RESS) market revenue is projected to reach $3.32 billion by 2022. Electrochemical storage technology, primarily driven by secondary batteries (Lead-acid and Lithium-ion) captured major share of the market followed by Mechanical (excluding PHS) and thermal. Further, Electrochemical technology is anticipated to maintain its market dominance over the next six years.
Amongst all applications, utility application segment accounted for the majority of the market share followed by Residential and Non-Residential. Residential market is expected to register key growth owing to increasing installation of solar rooftop systems in the country. +C2
The report thoroughly covers India Renewable Energy Storage Systems Market by technology, applications and regions. The report provides the unbiased and detailed analysis of the on-going trends, opportunities / high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report
The report provides the detailed analysis of the following market segments:
As India is moving ahead to achieve the ambitious target of 175 GW of renewable energy by 2022, which is offering immense growth opportunities to Renewable Energy Storage Systems (RESS) market players. Presently, India RESS market is at niche stage, which is expected to register a substantial growth rate during 2016-22. Decreasing energy storage cost coupled with rising government initiatives by offering various incentives and monetary subsidies would drive the market over the next six years.
According to 6Wresearch, India Renewable Energy Storage Systems (RESS) market revenue is projected to reach $3.32 billion by 2022. Electrochemical storage technology, primarily driven by secondary batteries (Lead-acid and Lithium-ion) captured major share of the market followed by Mechanical (excluding PHS) and thermal. Further, Electrochemical technology is anticipated to maintain its market dominance over the next six years.
Amongst all applications, utility application segment accounted for the majority of the market share followed by Residential and Non-Residential. Residential market is expected to register key growth owing to increasing installation of solar rooftop systems in the country. +C2
The report thoroughly covers India Renewable Energy Storage Systems Market by technology, applications and regions. The report provides the unbiased and detailed analysis of the on-going trends, opportunities / high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report
- Market Size & Forecast of India Renewable Energy Storage Systems Market Revenues until 2022
- Market Size & Forecast of India Renewable Energy Storage Systems Market Capacity by Technology until 2022
- Market Size & Forecast of India Renewable Energy Storage Systems Market Capacity by Application until 2022
- Market Size of Global Renewable Energy Capacity (2006-2015)
- Market Size of Grid Connected Wind and Solar Power (2014-2015)
- Market Size of India Renewable (Wind & Solar) Energy Installed Capacity Addition Target, By Region (2022)
- India Statewise Estimated Reserves (Coal, Lignite, Crude Oil and Natural Gas)
- Price Trend Analysis
- Market Drivers and Restraints
- Industry Regulations.
- Players Market Share.
- Company Profiles.
- Key Strategic Pointers
The report provides the detailed analysis of the following market segments:
- Technologies:
- Mechanical
- Electrochemical
- Thermal
- Applications:
- Utility
- Residential
- Non-residential
- Regions:
- North India
- South India
- East India
- West India
1 EXECUTIVE SUMMARY
2 INTRODUCTION
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Methodology Adopted and Key Data Points
2.5 Assumptions
3 GLOBAL ENERGY STORAGE SYSTEMS MARKET OVERVIEW
3.1 Overview & Analysis
3.2 Global Renewable Energy Capacity (2006-2015)
3.3 Global Renewable Energy Capacity Share By Regions (2015)
3.4 Global Renewable Energy Capacity Share By Type (2015)
4 INDIA RENEWABLE ENERGY STORAGE SYSTEMS MARKET DYNAMICS
4.1 Industry Life Cycle
4.2 Porter’s 4 Forces Model
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Decreasing Technology Cost of Renewable Energy Storage Systems
4.3.1.2 Expansion of Renewable Energy Based Mini-Grid Systems
4.3.2 Restraints
5 INDIA RENEWABLE ENERGY MARKET TRENDS
5.1.Growth of Hybrid Solar Rooftop Systems
5.2 Introduction of Nanotechnology in Solar PV
5.3 Increase in usage of Lithium-Ion battery storage
5.4 Adoption of Public Private Partnership Model
6 INDIA RENEWABLE ENERGY STORAGE SYSTEMS MARKET - PRICE TREND ANALYSIS
7 INDIA RENEWABLE ENERGY STORAGE SYSTEMS MARKET, BY TYPE
7.1 Overview & Analysis
7.2 On-Grid Energy Storage Systems
7.2 Off-Grid Energy Storage Systems
8 INDIA RENEWABLE ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY
8.1 Overview & Analysis
8.2 Electrochemical Renewable Energy Storage Systems Market Capacity in MW (2015 & 2022F)
8.3 Mechanical Renewable Energy Storage Systems Market Capacity in MW (2015 & 2022F)
8.4 Thermal Renewable Energy Storage Systems Market Capacity in MW (2015 & 2022F)
9 INDIA RENEWABLE ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION OVERVIEW
9.1 Overview & Analysis
9.2 Utilities Renewable Energy Storage Systems Market Capacity in MW (2015 & 2022F)
9.3 Residential Renewable Energy Storage Systems Market Capacity in MW (2015 & 2022F)
9.4 Non-Residential Renewable Energy Storage Systems Market Capacity in MW (2015 & 2022F)
10 INDIA RENEWABLE ENERGY STORAGE SYSTEMS MARKET - REGULATORY FRAMEWORK
11 INDIA RENEWABLE ENERGY STORAGE SYSTEMS MARKET - KEY PERFORMANCE INDICATORS
11.1 Overview & Analysis
11.2 India Renewable Energy Sector - Structure by Institutions (2015)
11.3 India Energy Reserves By States and Source (FY2011-15)
11.4 India Renewable Energy Installation Targets (FY2016-22)
11.5 India Connected Wind Power By States (FY2011-15)
11.6 India Grid Connected Solar Power By States (FY2011-15)
11.7 India Renewable Energy Installation Capacity Addition Target, By Regions (2022)
11.8 India Renewable Energy Storage Systems Market Revenues (FY2015-22)
11.9 India Energy Mix By Sources of Fuel (2013-2022F)
11.10 India Energy Storage Battery Price (2013-2022F)
11.11 India Power Demand/Supply Gap (2013-2022F)
12 INDIA RENEWABLE ENERGY STORAGE SYSTEMS MARKET - CURRENT AND UPCOMING PROJECTS
13 COMPETITIVE LANDSCAPE
13.1 Overview & Analysis
13.2 Market Share Analysis
14 COMPANY PROFILES
14.1 ABB India Limited
14.2 AES Corporation
14.3 Amara Raja Batteries Limited
14.4 Exide Industries Limited
14.5 Imergy Power Systems Incorporation
14.6 LG Chem, Ltd.
14.7 Panasonic Corporation
15 STRATEGIC POINTERS
16 DISCLAIMER
2 INTRODUCTION
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Methodology Adopted and Key Data Points
2.5 Assumptions
3 GLOBAL ENERGY STORAGE SYSTEMS MARKET OVERVIEW
3.1 Overview & Analysis
3.2 Global Renewable Energy Capacity (2006-2015)
3.3 Global Renewable Energy Capacity Share By Regions (2015)
3.4 Global Renewable Energy Capacity Share By Type (2015)
4 INDIA RENEWABLE ENERGY STORAGE SYSTEMS MARKET DYNAMICS
4.1 Industry Life Cycle
4.2 Porter’s 4 Forces Model
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Decreasing Technology Cost of Renewable Energy Storage Systems
4.3.1.2 Expansion of Renewable Energy Based Mini-Grid Systems
4.3.2 Restraints
5 INDIA RENEWABLE ENERGY MARKET TRENDS
5.1.Growth of Hybrid Solar Rooftop Systems
5.2 Introduction of Nanotechnology in Solar PV
5.3 Increase in usage of Lithium-Ion battery storage
5.4 Adoption of Public Private Partnership Model
6 INDIA RENEWABLE ENERGY STORAGE SYSTEMS MARKET - PRICE TREND ANALYSIS
7 INDIA RENEWABLE ENERGY STORAGE SYSTEMS MARKET, BY TYPE
7.1 Overview & Analysis
7.2 On-Grid Energy Storage Systems
7.2 Off-Grid Energy Storage Systems
8 INDIA RENEWABLE ENERGY STORAGE SYSTEMS MARKET, BY TECHNOLOGY
8.1 Overview & Analysis
8.2 Electrochemical Renewable Energy Storage Systems Market Capacity in MW (2015 & 2022F)
8.3 Mechanical Renewable Energy Storage Systems Market Capacity in MW (2015 & 2022F)
8.4 Thermal Renewable Energy Storage Systems Market Capacity in MW (2015 & 2022F)
9 INDIA RENEWABLE ENERGY STORAGE SYSTEMS MARKET, BY APPLICATION OVERVIEW
9.1 Overview & Analysis
9.2 Utilities Renewable Energy Storage Systems Market Capacity in MW (2015 & 2022F)
9.3 Residential Renewable Energy Storage Systems Market Capacity in MW (2015 & 2022F)
9.4 Non-Residential Renewable Energy Storage Systems Market Capacity in MW (2015 & 2022F)
10 INDIA RENEWABLE ENERGY STORAGE SYSTEMS MARKET - REGULATORY FRAMEWORK
11 INDIA RENEWABLE ENERGY STORAGE SYSTEMS MARKET - KEY PERFORMANCE INDICATORS
11.1 Overview & Analysis
11.2 India Renewable Energy Sector - Structure by Institutions (2015)
11.3 India Energy Reserves By States and Source (FY2011-15)
11.4 India Renewable Energy Installation Targets (FY2016-22)
11.5 India Connected Wind Power By States (FY2011-15)
11.6 India Grid Connected Solar Power By States (FY2011-15)
11.7 India Renewable Energy Installation Capacity Addition Target, By Regions (2022)
11.8 India Renewable Energy Storage Systems Market Revenues (FY2015-22)
11.9 India Energy Mix By Sources of Fuel (2013-2022F)
11.10 India Energy Storage Battery Price (2013-2022F)
11.11 India Power Demand/Supply Gap (2013-2022F)
12 INDIA RENEWABLE ENERGY STORAGE SYSTEMS MARKET - CURRENT AND UPCOMING PROJECTS
13 COMPETITIVE LANDSCAPE
13.1 Overview & Analysis
13.2 Market Share Analysis
14 COMPANY PROFILES
14.1 ABB India Limited
14.2 AES Corporation
14.3 Amara Raja Batteries Limited
14.4 Exide Industries Limited
14.5 Imergy Power Systems Incorporation
14.6 LG Chem, Ltd.
14.7 Panasonic Corporation
15 STRATEGIC POINTERS
16 DISCLAIMER
LIST OF FIGURES
Figure 1 Global Renewable Energy Capacity Share (2015)
Figure 2 Role of Government Agencies in Renewable Energy Development
Figure 3 India Renewable Energy Installation Target (GW) (FY2016-2022F)
Figure 4 India Renewable Energy Installation Capacity Addition Target (FY2022F)
Figure 5 India Renewable Energy Storage Systems Market Revenues, FY2015-22 ($ Billion)
Figure 6 India Renewable Energy Storage Systems Industry Life Cycle
Figure 7 India Renewable Energy Storage Systems Market-Porters 5 Forces Model
Figure 8 India Renewable Energy Storage Systems Per Kilowatt Market Price Trend, 2015-2022F ($ Per Unit)
Figure 9 Types of Energy Storage Technology
Figure 10 On Grid Vs. Off Grid Energy Storage Systems
Figure 11 India Renewable Energy Storage Systems Market Revenue Share, By Technology, FY2015
Figure 12 India Renewable Energy Storage Systems Market Revenue Share, By Technology, FY2022F
Figure 13 India Renewable Energy Storage Systems Market Capacity (MW), By Technology (2015-2022F)
Figure 14 India Renewable Energy Storage Systems Market Revenue Share, By Application, FY2015
FIgure 15 India Renewable Energy Storage Systems Market Revenue Share, By Application, FY2022F
Figure 16 India Renewable Energy Storage Systems Market Capacity (MW), By Application (2015-2022F)
Figure 17 Northern India, Renewable Energy Storage Systems Market Revenues, FY2015-22F ($ Million)
Figure 18 Southern India, Renewable Energy Storage Systems Market Revenues, FY2015-22F ($ Million)
Figure 19 Eastern India, Renewable Energy Storage Systems Market Revenues, FY2015-22F ($ Million)
Figure 20 Western India, Renewable Energy Storage Systems Market Revenues, FY2015-22F ($ Million)
Figure 21 ABB India Limited Net Sales, By Industry Segments (2014 & 2015)
Figure 22 AES Corporation Revenue, By SBU’s (2014 & 2015)
Figure 23 Amara Raja Batteries Limited, By Total Assets and Liabilities (2014 & 2015)
Figure 24 Exide Industries Limited, Revenues By Geographical Segments (2015 & 2016)
Figure 25 LG Chem Limited, Revenues Share By Geographical Segments (2014 & 2015)
Figure 26 Panasonic Corporation, Revenue by Segment (2015)
Figure 1 Global Renewable Energy Capacity Share (2015)
Figure 2 Role of Government Agencies in Renewable Energy Development
Figure 3 India Renewable Energy Installation Target (GW) (FY2016-2022F)
Figure 4 India Renewable Energy Installation Capacity Addition Target (FY2022F)
Figure 5 India Renewable Energy Storage Systems Market Revenues, FY2015-22 ($ Billion)
Figure 6 India Renewable Energy Storage Systems Industry Life Cycle
Figure 7 India Renewable Energy Storage Systems Market-Porters 5 Forces Model
Figure 8 India Renewable Energy Storage Systems Per Kilowatt Market Price Trend, 2015-2022F ($ Per Unit)
Figure 9 Types of Energy Storage Technology
Figure 10 On Grid Vs. Off Grid Energy Storage Systems
Figure 11 India Renewable Energy Storage Systems Market Revenue Share, By Technology, FY2015
Figure 12 India Renewable Energy Storage Systems Market Revenue Share, By Technology, FY2022F
Figure 13 India Renewable Energy Storage Systems Market Capacity (MW), By Technology (2015-2022F)
Figure 14 India Renewable Energy Storage Systems Market Revenue Share, By Application, FY2015
FIgure 15 India Renewable Energy Storage Systems Market Revenue Share, By Application, FY2022F
Figure 16 India Renewable Energy Storage Systems Market Capacity (MW), By Application (2015-2022F)
Figure 17 Northern India, Renewable Energy Storage Systems Market Revenues, FY2015-22F ($ Million)
Figure 18 Southern India, Renewable Energy Storage Systems Market Revenues, FY2015-22F ($ Million)
Figure 19 Eastern India, Renewable Energy Storage Systems Market Revenues, FY2015-22F ($ Million)
Figure 20 Western India, Renewable Energy Storage Systems Market Revenues, FY2015-22F ($ Million)
Figure 21 ABB India Limited Net Sales, By Industry Segments (2014 & 2015)
Figure 22 AES Corporation Revenue, By SBU’s (2014 & 2015)
Figure 23 Amara Raja Batteries Limited, By Total Assets and Liabilities (2014 & 2015)
Figure 24 Exide Industries Limited, Revenues By Geographical Segments (2015 & 2016)
Figure 25 LG Chem Limited, Revenues Share By Geographical Segments (2014 & 2015)
Figure 26 Panasonic Corporation, Revenue by Segment (2015)
LIST OF TABLES
Table 1 Global Renewable Energy Capacity, 2006-2015 (GW)
Table 2 India Statewise Estimated Reserves of Coal (FY2014-15)
Table 3 India Statewise Estimated Reserves of Lignite (FY2014-15)
Table 4 India Statewise Estimated Reserves of Crude Oil (FY2014-15)
Table 5 India Statewise Estimated Reserves of Natural Gas (FY2014-15)
Table 6 India Statewise Grid Connected Wind Power (FY2014-15)
Table 7 India Statewise Grid Connected Solar Power (FY2014-15)
Table 8 India Year Wise Target for Renewable Energy Segments (FY2016-22F)
Table 9 India First 20 Shortlisted Smart Cities
Table 10 India Year Wise Target for RE-based Mini-Grid Systems (FY2016-22F)
Table 11 List of Upcoming/Ongoing Renewable Energy Storage Projects in India
Table 1 Global Renewable Energy Capacity, 2006-2015 (GW)
Table 2 India Statewise Estimated Reserves of Coal (FY2014-15)
Table 3 India Statewise Estimated Reserves of Lignite (FY2014-15)
Table 4 India Statewise Estimated Reserves of Crude Oil (FY2014-15)
Table 5 India Statewise Estimated Reserves of Natural Gas (FY2014-15)
Table 6 India Statewise Grid Connected Wind Power (FY2014-15)
Table 7 India Statewise Grid Connected Solar Power (FY2014-15)
Table 8 India Year Wise Target for Renewable Energy Segments (FY2016-22F)
Table 9 India First 20 Shortlisted Smart Cities
Table 10 India Year Wise Target for RE-based Mini-Grid Systems (FY2016-22F)
Table 11 List of Upcoming/Ongoing Renewable Energy Storage Projects in India
