Energy Storage Systems Market Size Worth USD 420.86 Billion by 2028
The global demand for energy storage systems was valued at USD 420.86 Billion in 2021. This market is growing at a CAGR of 6% between 2023 and 2032. Energy storage systems are equipment that allows the storage of various types of energy, like electrochemical and mechanical. They can be used whenever and wherever they are needed. Covid-19 caused an economic downturn that prevented residential energy storage deployment. This was due to the financial uncertainty facing customers. However, commercial and industrial (C&I) saw a negative impact because companies avoided investing in non-essential capital. In the next few years, the market will…
- Date: September 13, 2022
- Author: Eduardo Crum
- Category: Taiwan News