Solar Energy Storage Market Size to Reach USD 280.16 Million by 2030, Growing at 9.2% CAGR
This market is anticipated to witness high growth during the forecast period owing to the increase adoption of solar energy as renewable power source, driving the demand for energy storage solution to tackle the intermittent nature of solar power. Energy storage systems provide an ideal advantage to users across almost all segments including -residential, commercial, and utility scale applications by storing excess energy from solar projects compared to cheap grid options during off-peak hours so that they can use for later moments and lessen their dependency on traditional power grids.
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