India Solar Battery Market Overview
Market Size in 2024: USD 214.6 Million
Market Forecast in 2033: USD 778.9 Million
Market Growth Rate: 15.4% (2025-2033)
According to the latest report by IMARC Group, the India solar battery market size was valued at USD 214.6 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 778.9 Million by 2033, exhibiting a CAGR of 15.4% from 2025-2033.
India Solar Battery Industry Trends and Drivers:
The India solar battery market currently witnesses a speedy development due to the encroaching influences that direct its growth. One of the major influences factors is the rapid acceptance of solar energy in India. With an increasing number of residential, commercial, and industrial installations adapting to solar power, the demand for reliable energy storage solutions is ever-increasing. Solar batteries are vital in ensuring the storage of the surplus energy generated at peak sunlight hours for use during periods of less solar activity. With the targeted government incentives and policies for promoting renewable energy solutions, the transition toward solar energy is also getting a helping hand. The Indian government invests in renewable energy infrastructure, especially facilitating solar power applications, thereby providing even more legitimacy to the need for efficient and cost-effective solar batteries.
Another major driver fueling the growth of the solar battery market in India is the falling cost of battery technology. With the ongoing advances in technology, the solar battery production costs have reduced tremendously over the years, making availability to an even wider range of consumers and businesses. These reduced costs combined with increasing recognition of the value of energy storage are widening the market for solar batteries. Additionally, due to the considerably low degree of reliability of the grid, companies and households alike are investing in solar batteries to cushion the risk of power interruption and grid instability. This increased adoption of solar power systems will assist in building a strong power infrastructure in India.
The soaring demand for energy storage is another key driver that has been identified to push the market ahead. With mounting solar installations, there is a rising need for solutions that certify the continuity of supply, especially in areas with unreliable grids. This growing trend is evident in areas that face the frequent menace of downtime, thereby forcing both residential and commercial clients to adopt solar batteries as part of their energy storage solutions. The more sustained the Indian solar battery market largely depends on these drivers as well as the increased integration of solar technologies within other sectors, the larger will be the continuation of growth in light of an ever-sustaining energy system in India. Forecasts predict further development of the market with many prospects for innovation and investment.
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India Solar Battery Industry Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Lead Acid
- Lithium Ion
- Flow Battery
- Others
Capacity Insights:
- Below 75 AH
- 75 To 150 AH
- Above 150 AH
End User Insights:
- Industrial
- Commercial
- Residential
Regional Insights:
- North India
- South India
- East India
- West India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
India Solar Battery Market News:
- In January 2025, Vayve Mobility launched Eva, India’s first solar-assisted electric vehicle, starting at INR 3.25 Lakh. The compact car offers three battery options, i.e., 9 kWh, 12.6 kWh, and 18 kWh, providing ranges of 125 km, 175 km, and 250 km, respectively. An optional solar roof panel, priced between INR 20,000 and INR 25,000 depending on the variant, adds up to 10 km of daily range. This integration of solar technology into electric vehicles signifies a notable advancement in India’s solar battery market.
- In September 2024, Enphase Energy introduced Enphase Energy System in India, featuring the IQ Battery 5P, IQ8 microinverters, and the IQ System Controller. The IQ Battery 5P offers a modular 5 kWh capacity, expandable up to 40 kWh, utilizing lithium iron phosphate chemistry for enhanced safety and reduced maintenance. The system ensures seamless backup power during outages with smooth transitions.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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