The global battery energy storage market size is expected to grow from $5.7 billion in 2020 to $7.3 billion in 2021 with a CAGR of 13% over the forecast period in a realistic scenario. The continued growing demand for power in critical infrastructure sectors and the increasing need for renewable energy sources and rural electrification integration are expected factors to drive the growth of the battery energy storage market during the forecast period.
A full report of COVID-19 Impact on the Battery Energy Storage Market is available at: https://www.orionmarketreports.com/covid-19-impact-on-the-battery-energy-storage-market/45546/
COVID-19 Impact on the Battery Energy Storage Market segmentation:
Based on application:
• Residential
• Nonresidential
• Utilities
Based on application:
• Precision Farming
• Agriculture Robots
• Livestock Monitoring
• Drone Analytics
• Labor Management
• Others
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
