Global Grid-Scale Battery Market � Analysis and Forecast (2018-2024)
Industryno112 Aug, 2021Business
The global grid-scale battery was valued at USD 1.1 billion in 2017 to reach USD 7.8 billion by 2024, at a CAGR of 31.8% during the forecast period. The high growth in the global market is due to the reducing costs of grid-scale batteries, increasing investment in renewable energy, government subsidiaries, and among others. Along with that, the government regulations to enhance energy efficiency is also contributing to the grid-scale battery industry growth.
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