Asia-Pacific Leads Battery Energy Storage System Market Supported by Large-Scale Renewable Projects
The global Battery Energy Storage System Market was valued at USD 12.20 billion in 2024 and is projected to grow at a CAGR of 14.0% from 2025 to 2034. This expansion is driven by accelerating integration of utility-scale battery installations, increasing uptake of behind-the-meter storage in commercial and residential sectors, and growing deployment of lithium-ion and other advanced battery...
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