DUBLIN–(BUSINESS WIRE)–The “Battery Energy Storage Systems – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Battery Energy Storage Systems Market to Reach US$12.9 Billion by the Year 2026
Growing need for steady and reliable electricity and energy storage systems in important infrastructures, initiatives related to modernization of the grid, rising use of energy storage systems based on lithium-ion battery due to its exceptional attributes, and use of grid energy storage solutions are driving gains in the global battery energy storage systems market.
Grid modernization initiatives including the movement to novel technologies such as smart grids are spurring demand for battery energy storage systems. Batteries aid in leveraging the capabilities of smart technologies. In 2019, in Dubai, a wind solar project that…