India Energy Storage As A Service Market Size & Outlook

The energy storage as a service market in India is expected to reach a projected revenue of US$ 72.9 million by 2028. A compound annual growth rate of 13.8% is expected of India energy storage as a service market from 2021 to 2028.
Revenue, 2020 (US$M)
$25.8
Forecast, 2028 (US$M)
$72.9
CAGR, 2021 - 2028
13.9%
Report Coverage
India

India energy storage as a service market highlights

  • The India energy storage as a service market generated a revenue of USD 25.8 million in 2020 and is expected to reach USD 72.9 million by 2028.
  • The India market is expected to grow at a CAGR of 13.8% from 2021 to 2028.
  • In terms of segment, customer energy management services was the largest revenue generating service in 2020.
  • Ancillary Services is the most lucrative service segment registering the fastest growth during the forecast period.

Energy storage as a service market data book summary

Market revenue in 2020USD 25.8 million
Market revenue in 2028USD 72.9 million
Growth rate13.8% (CAGR from 2020 to 2028)
Largest segmentCustomer energy management services
Fastest growing segmentAncillary Services
Historical data2017 - 2019
Base year2020
Forecast period2021 - 2028
Quantitative unitsRevenue in USD million
Market segmentationBulk Energy Services, Ancillary Services, Transmission Infrastructure Services, Distribution Infrastructure Services, Customer Energy Management Services
Key market players worldwideSiemens Energy AG ADR, Veolia Environnement SA, Honeywell International Inc, Engie SA, The Goldman Sachs Group Inc

Other key industry trends

  • In terms of revenue, India accounted for 2.1% of the global energy storage as a service market in 2020.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
  • In Asia Pacific, China energy storage as a service market is projected to lead the regional market in terms of revenue in 2028.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 72.9 million by 2028.

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Energy Storage As A Service Market Companies

Name Profile # Employees HQ Website

India energy storage as a service market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to energy storage as a service market will help companies and investors design strategic landscapes.


Customer energy management services was the largest segment with a revenue share of 31.4% in 2020. Horizon Databook has segmented the India energy storage as a service market based on bulk energy services, ancillary services, transmission infrastructure services, distribution infrastructure services, customer energy management services covering the revenue growth of each sub-segment from 2017 to 2028.


  • India Energy Storage As A Service Service Outlook (Revenue, USD Million, 2017-2028)
    • Bulk Energy Services
    • Ancillary Services
    • Transmission Infrastructure Services
    • Distribution Infrastructure Services
    • Customer Energy Management Services
    • Others
  • India Energy Storage As A Service End-user Outlook (Revenue, USD Million, 2017-2028)
    • Utility
    • Industrial, Residential & Commercial

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Horizon Databook provides a detailed overview of country-level data and insights on the India energy storage as a service market , including forecasts for subscribers. This country databook contains high-level insights into India energy storage as a service market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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India energy storage as a service market size, by service, 2017-2028 (US$M)

India Energy Storage As A Service Market Outlook Share, 2020 & 2028 (US$M)

India energy storage as a service market size, by service, 2017-2028 (US$M)

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