Product Code: ETC10424718 | Publication Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
The India residential lithium-ion battery energy storage systems market import shipments demonstrated robust growth with a CAGR of 28.1% from 2020 to 2024. However, the growth rate declined by -8.8% between the two most recent years, indicating a slight slowdown in momentum towards the end of the period. Overall, the market expanded significantly but showed signs of stabilization in the later years.
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 Lithium Ion Battery Energy Storage Systems Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume, 2021 & 2031F |
3.3 India Residential Lithium Ion Battery Energy Storage Systems Market - Industry Life Cycle |
3.4 India Residential Lithium Ion Battery Energy Storage Systems Market - Porter's Five Forces |
3.5 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume Share, By Battery Chemistry, 2021 & 2031F |
3.7 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume Share, By Capacity (kWh), 2021 & 2031F |
3.8 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume Share, By Installation Type, 2021 & 2031F |
4 India Residential Lithium Ion Battery Energy Storage Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for reliable and uninterrupted power supply in residential areas |
4.2.2 Growing awareness about the benefits of energy storage systems in reducing electricity costs |
4.2.3 Government initiatives and incentives promoting the adoption of renewable energy sources like solar power, leading to the need for energy storage solutions |
4.3 Market Restraints |
4.3.1 High initial costs associated with the installation of lithium-ion battery energy storage systems |
4.3.2 Lack of standardization and regulatory framework in the residential energy storage market |
4.3.3 Limited availability of skilled professionals for installation and maintenance of energy storage systems |
5 India Residential Lithium Ion Battery Energy Storage Systems Market Trends |
6 India Residential Lithium Ion Battery Energy Storage Systems Market, By Types |
6.1 India Residential Lithium Ion Battery Energy Storage Systems Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume, By On-Grid, 2021 - 2031F |
6.1.4 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume, By Off-Grid, 2021 - 2031F |
6.1.5 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume, By Hybrid, 2021 - 2031F |
6.2 India Residential Lithium Ion Battery Energy Storage Systems Market, By Battery Chemistry |
6.2.1 Overview and Analysis |
6.2.2 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume, By Lithium Iron Phosphate (LFP), 2021 - 2031F |
6.2.3 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume, By Lithium Nickel Manganese Cobalt (NMC), 2021 - 2031F |
6.2.4 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume, By Solid-State, 2021 - 2031F |
6.3 India Residential Lithium Ion Battery Energy Storage Systems Market, By Capacity (kWh) |
6.3.1 Overview and Analysis |
6.3.2 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume, By Below 10 kWh, 2021 - 2031F |
6.3.3 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume, By 10“50 kWh, 2021 - 2031F |
6.3.4 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume, By Above 50 kWh, 2021 - 2031F |
6.4 India Residential Lithium Ion Battery Energy Storage Systems Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume, By Backup Power, 2021 - 2031F |
6.4.3 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume, By Renewable Energy, 2021 - 2031F |
6.4.4 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume, By Smart Grid, 2021 - 2031F |
6.5 India Residential Lithium Ion Battery Energy Storage Systems Market, By Installation Type |
6.5.1 Overview and Analysis |
6.5.2 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume, By Indoor, 2021 - 2031F |
6.5.3 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume, By Outdoor, 2021 - 2031F |
6.5.4 India Residential Lithium Ion Battery Energy Storage Systems Market Revenues & Volume, By Garage, 2021 - 2031F |
7 India Residential Lithium Ion Battery Energy Storage Systems Market Import-Export Trade Statistics |
7.1 India Residential Lithium Ion Battery Energy Storage Systems Market Export to Major Countries |
7.2 India Residential Lithium Ion Battery Energy Storage Systems Market Imports from Major Countries |
8 India Residential Lithium Ion Battery Energy Storage Systems Market Key Performance Indicators |
8.1 Average installation time for residential lithium-ion battery energy storage systems |
8.2 Percentage increase in the number of residential solar installations coupled with energy storage systems |
8.3 Rate of decline in lithium-ion battery prices due to advancements in technology and economies of scale |
9 India Residential Lithium Ion Battery Energy Storage Systems Market - Opportunity Assessment |
9.1 India Residential Lithium Ion Battery Energy Storage Systems Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Residential Lithium Ion Battery Energy Storage Systems Market Opportunity Assessment, By Battery Chemistry, 2021 & 2031F |
9.3 India Residential Lithium Ion Battery Energy Storage Systems Market Opportunity Assessment, By Capacity (kWh), 2021 & 2031F |
9.4 India Residential Lithium Ion Battery Energy Storage Systems Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 India Residential Lithium Ion Battery Energy Storage Systems Market Opportunity Assessment, By Installation Type, 2021 & 2031F |
10 India Residential Lithium Ion Battery Energy Storage Systems Market - Competitive Landscape |
10.1 India Residential Lithium Ion Battery Energy Storage Systems Market Revenue Share, By Companies, 2024 |
10.2 India Residential Lithium Ion Battery Energy Storage Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |