Ministry of Power has issued guidelines for the procurement of Battery Energy Storage Systems (BESS) in the generation, transmission and distribution network of energy. With joint efforts of both Ministry of New and renewable energy and Ministry of Power who have been working on this to provide a road map for the installation of the energy storage system in the country.

According to the report, Significant Investment in the Creation and Manufacture of Energy Storage Battery System is one of the primary growth factors for the market. Demand for Grid-Connected Solutions Has Increased is also expected to contribute significantly to the Energy Storage Battery System market. Overall, Automotive applications of Energy Storage Battery System, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Capacity, such as Small scale, is boosting the Energy Storage Battery System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Distribution Channel, such as Retail Stores, is boosting the Energy Storage Battery System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Battery, such as Lithium-ion Battery, is boosting the Energy Storage Battery System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global Energy Storage Battery System market identified that the demand is rising in many different parts of the world as "Globally, the Number of Rural Electrification Initiatives Is Increasing ". Furthermore, some recent industry insights like "On 22nd September 2021, Jakson Group, a Noida-based exploration and production company, has launched EnerPack, a new battery energy storage system, to help combat global warming and ensure an uninterrupted supply of green power." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Energy Storage Battery System market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2021 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Energy Storage Battery System market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Energy Storage Battery System market size is calculated using market estimation process, the Energy Storage Battery System market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Energy Storage Battery System market size has been validated using both top-down and bottom-up approaches.