Battery energy storage system market is projected to reach $43.7 billion by 2030

According to this latest publication from Meticulous Research®, the global battery energy storage system market is projected to reach $43.7 billion by 2030, at a CAGR of 28.8% during the forecast period. The growth of the battery energy storage system market is driven by government funding for battery energy storage system and the growing benefits of battery energy storage system for EV charging.