According to The Insight Partners’ research, the global industrial battery market was US$ 12,501.9 million in 2019 and is slated to be worth US$ 21,893.5 million by 2027, with a CAGR expected to grow at 7.3% during the forecast period. The rising adoption of grid-connected solutions ensures an uninterruptable power supply and increases the requirement for lithium-ion batteries....
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