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Tanzeel Obaid's Blog – February 2023 Archive (1)
Stationary Energy Storage Market is projected to grow at a CAGR of 23.4% during the Forecast Period 2022 - 2031 - BIS Research
Stationary Energy Storage Market is projected to reach $233.9 billion by 2031 from $28.0 billion in 2021, growing at a CAGR of 23.4% during the forecast period 2022-2031. The growth in the stationary energy storage market is expected to be driven by the increasing focus on renewable energy, supportive government policies, need for electricity grid optimization, and decreasing cost of batteries. However, the lack of standardization and safety issues related to batteries are some of the…
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