The India distributed energy resources market size reached USD 20.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 40.0 Million by 2033, exhibiting a growth rate (CAGR) of 8.16% during 2025-2033. The market is growing, fueled by the adoption of renewable energy, grid modernization, and technology. Microgrids, battery storage systems, and smart grid solutions are improving energy reliability, lowering carbon emissions, and enabling the government's clean energy objectives, thereby making the country's energy infrastructure more robust.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 20.0 Million |
Market Forecast in 2033 | USD 40.0 Million |
Market Growth Rate 2025-2033 | 8.16% |
Advancing Grid Reliability with Smart Solutions
India's market for distributed energy resources has registered substantial progress through the integration of advanced technologies for grid reliability enhancement. As India is advancing on the path towards integrating renewable energy, smart control, and monitoring strategies are gaining traction for the sustainability of the grid. Emphasis on developing the distribution network is important in support of rising demands for renewable energy and electric vehicle (EV) charging stations. For example, in October 2024, Hitachi Energy launched the Relion REF650, a smart protection and control relay designed to optimize medium voltage power distribution. Offering improved flexibility, modularity, and security, the REF650 supports efficient management of complex grid networks. It improves fault detection, quick response, and avoiding grid failure. This release fits the government initiatives under the Revamped Distribution Sector Scheme (RDSS) of modernizing India's power grid infrastructure. Addressing increasing power requirements, REF650 facilitates renewable energy sources and electric vehicle charging station integration. Its smart functionalities enhance grid resilience and operational efficiency, minimizing power outage risks. Meanwhile, as the energy transition gains pace, the uptake of smart grid technologies such as the REF650 is likely instrumental in ensuring a stable and consistent electricity supply in India.
Sustainable Energy Transition Through Microgrids
Solar microgrids with energy storage systems have emerged as a crucial part of India's energy sustainability plan. Microgrids provide stable power supply in isolated locations, curb fossil fuel usage, and allow for hassle-free integration of green energy sources. As the nation aims for net-zero emissions by 2070, microgrid schemes are likely to propel distributed energy resource growth. For instance, in September 2024, Honeywell commissioned India’s first on-grid solar microgrid with a 1.4 MWh battery energy storage system (BESS) in Lakshadweep. The microgrid provides clean and stable power to the island, reducing the reliance on diesel generators. Integrated with Honeywell’s Energy Management System (EMS) and Microgrid Controller, it ensures effective power distribution while maintaining grid stability. This project marked a major milestone in using BESS for renewable energy management. By reducing diesel consumption by 19.8 million liters and offsetting 58,000 Tons of carbon emissions, the microgrid significantly minimized environmental impact. It also set a benchmark for other island and remote grid systems, promoting clean energy adoption. The successful implementation of Honeywell’s microgrid in Lakshadweep highlighted the potential of battery storage in strengthening decentralized energy infrastructure, contributing to a greener and resilient energy future.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type, connectivity, technology, and end-user.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes solar PV, wind energy, biomass and biogas, energy storage systems (ESS), combined heat and power (CHP), and microgrids.
Connectivity Insights:
The report has provided a detailed breakup and analysis of the market based on the connectivity. This includes on-grid, off-grid, and hybrid systems.
Technology Insights:
The report has provided a detailed breakup and analysis of the market based on the technology. This includes distributed generation, distributed storage, demand response technologies, and smart grid and IoT integration.
End User Insights:
The report has provided a detailed breakup and analysis of the market based on the end user. This includes residential, commercial & industrial (C&I), agricultural, and government & public sector.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Solar PV, Wind Energy, Biomass and Biogas, Energy Storage Systems (ESS), Combined Heat and Power (CHP), Microgrids |
Connectivities Covered | On-Grid, Off-Grid, Hybrid Systems |
Technologies Covered | Distributed Generation, Distributed Storage, Demand Response Technologies, Smart Grid and IoT Integration |
End Users Covered | Residential, Commercial & Industrial (C&I), Agricultural, Government & Public Sector |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: