DUBLIN–(BUSINESS WIRE)–The “Global Energy Storage Systems Market Size, Share & Trends Analysis Report by Technology (Pumped Hydro, Electrochemical Storage, Electromechanical Storage, Thermal Storage), Region, and Segment Forecasts, 2021-2028” report has been added to ResearchAndMarkets.com’s offering.
The market is expected to expand at a CAGR of 9.6% from 2021 to 2028. The global energy storage systems market demand is expected to reach 402.0 GW by 2028
Growing demand for efficient and competitive energy resources, increasing development for variable energy sources, and rising battery demand are factors anticipated to fuel the demand for energy storage systems.
Increasing acceptance of electric and hybrid vehicles coupled with government incentives offered for promoting EV technology is projected to boost the growth of electric cars as well as battery industries….