Energy Storage Systems Market Future Development transparencymarketresearch.com

As per a report by Transparency Market Research, the global energy storage systems market is likely to expand at a steady CAGR of 5.6% from 2020 to 2031 to reach US$ 73.8 Bn in 2031 from US$ 40.53 Bn in 2020. The global energy storage systems market is fragmented in nature on account of the presence of a copious number of regional and international players. In order to tap into the market, which has ample room for growth, new players are rushing in. As a result, competition in the market is predicted to heat up in the near future.