• / Free eNewsletters & Magazine
  • / My Account
Home>Off-grid Energy Storage Market in India - Drivers and Forecasts by Technavio

Off-grid Energy Storage Market in India - Drivers and Forecasts by Technavio

Off-grid Energy Storage Market in India - Drivers and Forecasts by Technavio

10/07/2017

Off-grid Energy Storage Market in India - Drivers and Forecasts by Technavio

Technavio analysts forecast the off-grid energy storage market in India to grow at a CAGR of more than 15% during the forecast period, according to their latest report.

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171006005525/en/

Technavio has published a new report on the off-grid energy storage market in India from 2017-2021. ...

Technavio has published a new report on the off-grid energy storage market in India from 2017-2021. (Graphic: Business Wire)

The research study covers the present scenario and growth prospects of the off-grid energy storage market in India for 2017-2021. The market is segmented based on end-user (residential and non-residential) and technology (lead-acid and Li-ion).

India is one of the high potential countries for off-grid power systems where reliable grids do not exist. This is owing to the lack of adequate T&D infrastructure and low electrification rate. Off-grid power systems such as mini-grids with storage are sought after power source for rural electrification as they can be deployed at a faster pace when compared with developing/extending the grid structure. This is increasing energy storage demand as most of the off-grid power systems are renewable based and require a battery to smoothen the intermittent power generation from renewable sources.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

©2017 Morningstar Advisor. All right reserved.