Increase in demand for transport applications and the growth of renewable energy industry drive the growth of the global energy storage systems market.
PORTLAND, Ore., April 27, 2022 /PRNewswire/ — Allied Market Research published a report, titled, “Energy Storage Systems Market by Technology (Pumped Hydro Storage, Battery Energy Storage, Compressed Air Energy Storage, and Flywheel Energy Storage), End User (Residential, Non-residential, and Utilities), and Application (Stationary and Transportation): Global Opportunity Analysis and Industry Forecast, 2021–2030.” According to the report, the global energy storage systems industry generated $188.5 billion in 2020, and is estimated to reach $435.4 billion by 2030, witnessing a CAGR of 8.3% from 2021 to 2030.
Drivers, Restraints, and Opportunities
Increase in demand for transport applications and the growth of renewable energy…
Energy Storage Systems Market to Reach $435.4 Bn, Globally, by 2030 at 8.3% CAGR: Allied Market Research
