DUBLIN–(BUSINESS WIRE)–The “Europe Battery Energy Storage System Market Size, Share & Industry Trends Analysis Report By Ownership, By Battery Type, By Energy Capacity, By Connection, By Application, By Country and Growth Forecast, 2021-2027” report has been added to ResearchAndMarkets.com’s offering.
The Europe Battery Energy Storage System Market is expected to witness market growth of 24.6% CAGR during the forecast period (2021 – 2027).
Some of the growth catalysts for the battery energy storage system market are rising demand for grid energy storage systems as a result of ongoing grid modernization, increasing adoption of lithium-ion batteries in the renewable energy sector, and the growing trend of adopting a low-carbon and fossil-fuel-free economy, as well as the ongoing renewable energy revolution.
On the other hand, the substantial capital cost necessary to…