Global Battery Energy Storage System Market Poised for Rapid Growth Amid Rising Grid Modernization Initiatives
The global Battery Energy Storage System Market was valued at USD 12.20 billion in 2024 and is projected to grow at a CAGR of 14.0% from 2025 to 2034. This expansion is driven by accelerating integration of utility-scale battery installations, increasing uptake of behind-the-meter storage in commercial and residential sectors, and growing deployment of lithium-ion and other advanced battery...
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