Jan 11, 2022
Distributed Energy Storage Market Forecast to Reach $18 Billion by 2025
The Growth in the Usage of Renewable Energy and the Increase in Demand for Clean Energy Are Projected to Be the Key Drivers of the Market for Distributed Energy Storage Systems. The Distributed Energy Storage Market is forecast to reach $18 billion by 2025, growing at a CAGR of 9.3% from 2020 to 2025. Increase in awareness about renewables and growth in government initiatives for renewable power generation in various developed and developing countries are likely to boost the distributed energy storage system market across the globe in the coming years.