Key Growth and Trends for Battery Energy Storage System Market
The battery energy storage system market is projected to grow from USD 2.9 billion in 2020 to USD 12.1 billion by 2025; it is expected to grow at a CAGR of 32.8% from 2020 to 2025. Increasing demand for continuous power and energy storage systems in critical infrastructures, adoption of grid energy storage solutions, grid modernization efforts, and increasing usage of lithium-ion battery based energy storage systems due to its excellent features are among the factors driving the market for...
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