| Product Code: ETC7552724 | Publication Date: Sep 2024 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India residential battery market import shipments demonstrated strong growth with a CAGR of 28.1% from 2020-2024. However, there was a notable decline in growth rate between 2023 and 2024 by -8.8%. Overall, the market expansion showed signs of stabilization towards the end of the period.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Residential Battery Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Residential Battery Market Revenues & Volume, 2021 & 2031F |
3.3 India Residential Battery Market - Industry Life Cycle |
3.4 India Residential Battery Market - Porter's Five Forces |
3.5 India Residential Battery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Residential Battery Market Revenues & Volume Share, By Power Rating, 2021 & 2031F |
3.7 India Residential Battery Market Revenues & Volume Share, By Operation, 2021 & 2031F |
4 India Residential Battery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of renewable energy sources, leading to a higher demand for residential battery storage solutions. |
4.2.2 Government initiatives and incentives promoting the use of residential batteries for energy storage and backup power. |
4.2.3 Growing need for reliable power supply due to frequent power outages and grid instability in certain regions of India. |
4.3 Market Restraints |
4.3.1 High initial costs associated with purchasing and installing residential battery systems, limiting affordability for some consumers. |
4.3.2 Lack of standardized regulations and policies governing the residential battery market, leading to uncertainty and slower adoption. |
4.3.3 Limited awareness and education among consumers about the benefits and applications of residential battery systems. |
5 India Residential Battery Market Trends |
6 India Residential Battery Market, By Types |
6.1 India Residential Battery Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Residential Battery Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 India Residential Battery Market Revenues & Volume, By Lithium-ion Battery, 2021- 2031F |
6.1.4 India Residential Battery Market Revenues & Volume, By Lead-acid Battery, 2021- 2031F |
6.1.5 India Residential Battery Market Revenues & Volume, By Others, 2021- 2031F |
6.2 India Residential Battery Market, By Power Rating |
6.2.1 Overview and Analysis |
6.2.2 India Residential Battery Market Revenues & Volume, By 3-6 kW, 2021- 2031F |
6.2.3 India Residential Battery Market Revenues & Volume, By 6-10 kW, 2021- 2031F |
6.2.4 India Residential Battery Market Revenues & Volume, By More than 10 kW, 2021- 2031F |
6.3 India Residential Battery Market, By Operation |
6.3.1 Overview and Analysis |
6.3.2 India Residential Battery Market Revenues & Volume, By Standalone, 2021- 2031F |
6.3.3 India Residential Battery Market Revenues & Volume, By Solar, 2021- 2031F |
7 India Residential Battery Market Import-Export Trade Statistics |
7.1 India Residential Battery Market Export to Major Countries |
7.2 India Residential Battery Market Imports from Major Countries |
8 India Residential Battery Market Key Performance Indicators |
8.1 Average installation cost per kilowatt-hour (kWh) of residential battery capacity. |
8.2 Number of government policies and incentives supporting the adoption of residential battery systems. |
8.3 Percentage of households experiencing frequent power outages investing in residential battery solutions. |
8.4 Growth rate of residential solar installations, indicating potential demand for residential battery systems. |
8.5 Number of energy storage system providers entering the Indian residential market. |
9 India Residential Battery Market - Opportunity Assessment |
9.1 India Residential Battery Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Residential Battery Market Opportunity Assessment, By Power Rating, 2021 & 2031F |
9.3 India Residential Battery Market Opportunity Assessment, By Operation, 2021 & 2031F |
10 India Residential Battery Market - Competitive Landscape |
10.1 India Residential Battery Market Revenue Share, By Companies, 2024 |
10.2 India Residential Battery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |