Global Utility-Scale Electricity Storage Market to Grow at a CAGR of 16.04 % During 2015 to 2022 by Market Research Store
The Global Utility-Scale Electricity Storage market is accounted for $11.3 billion in 2014 and is expected to grow at a CAGR of 16.04% to reach $38.1 billion by 2022. The market is estimated to grow due to increase in global demand for electricity. The U.S. commanding the largest share, followed by China, Japan and Germany. Demand for battery energy storage systems (BESS) is driven by the need for grid modernization owing to increased usage of renewable energies and new regulatory...
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