Understanding the Key Drivers Behind the Battery Energy Storage System Market Growth
The Battery Energy Storage System Market Size is anticipated to increase, with the impact of COVID-19, from USD 4.4 billion in 2022 to USD 15.1 billion by 2027, growing at a CAGR of 27.9%. According to the report, a number of factors, including the rising demand for grid energy storage systems as a result of ongoing grid modernization, the increasing use of lithium-ion batteries in...
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