Battery Energy Storage Systems Market on Track to Reach USD 25.6 Billion by 2029
The global Battery Energy Storage System (BESS) market is expected to see robust growth from USD 7.8 billion in 2024 to USD 25.6 billion by 2029, with a CAGR of 26.9%. The transition to renewable energy, such as wind and solar, is one of the primary drivers of this growth. As energy grids increasingly rely on renewable sources, the need for efficient energy storage systems has become critical...
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