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Rapid investment in the renewable energy sector in Europe and Asia-Pacific fuels the growth of the energy storage systems market.
PORTLAND, OREGON, UNITED STATES, July 21, 2022 /EINPresswire.com/ — Allied Market Research published a report, titled, “Energy Storage Systems Market by Technology, End User, and Application: 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.
Increase in demand for transport applications and the growth of renewable energy industry drive the growth of the global energy storage systems market. However, high costs associated with battery energy storage…
Energy Storage Systems Market Development Leads To High Demand by 2030
