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India's energy storage market set to grow fivefold by 2032, with $57 billion investment predicted.
India's energy storage sector is predicted to grow fivefold from 2026 to 2032, with an expected investment of Rs 479,000 crore by 2032, according to the India Energy Storage Alliance (IESA).
The sector has seen significant growth, spurred by government support like Viability Gap Funding for Battery Energy Storage Systems.
By 2032, storage capacity demand is projected to reach 73.93 GW, with a storage capacity of 411.4 GWh.
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El mercado de almacenamiento de energía de la India crecerá cinco veces para el año 2032, con una inversión prevista de 57 mil millones de dólares.