India’s commercial and industrial energy storage market is expected to witness rapid growth by 2032, driven by renewable energy adoption, rising power costs, and increasing demand for reliable electricity solutions.

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• India’s commercial and industrial energy storage capacity is projected to expand from less than 1 GWh in 2025 to 22-31 GWh by 2032.
• According to the India Energy Storage Alliance, growing electricity tariffs and clean energy adoption are accelerating investments in advanced storage technologies nationwide.
• The market is evolving from traditional backup power applications toward energy optimization, resilience enhancement, cost reduction, and efficient power management solutions.
• Under the Business-as-Usual scenario, India’s C&I energy storage installations are expected to reach approximately 22-23 GWh by 2032.
• The Rapid Adoption scenario forecasts capacity growth up to 31 GWh, supported by favorable regulations, policy reforms, and declining battery costs.
• Businesses are increasingly integrating energy storage with rooftop solar systems, open-access renewable energy projects, and diesel generator replacement initiatives.
• The report highlights multiple storage technologies, including lithium-ion, sodium-ion, lead-acid, vanadium-redox flow batteries, and pumped hydro energy systems.
• The findings will be presented during the 12th India Energy Storage Week in New Delhi from July 8-10, 2026.