Battery-as-a-Service (BaaS) Market Report 2024-2032
Ryanstark21 Oct, 2024Technology
In 2023, the global battery-as-a-service (BaaS) market was valued at approximately US$ 17.9 million. IMARC Group projects that this market will expand to US$ 116.6 million by 2032, with a compound annual growth rate (CAGR) of 23.16% from 2024 to 2032. Key factors contributing to this growth include the increasing demand for alternative energy solutions, stricter environmental regulations, and the rising sales of electric vehicles (EVs) driven by growing environmental awareness among consumers.
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