March 31, 2023 09:23 ET | Source: Research and Markets Research and Markets

Dublin, March 31, 2023 (GLOBE NEWSWIRE) -- The "Battery Energy Storage Systems: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The global market for Battery Energy Storage Systems estimated at US$4.7 Billion in the year 2022, is projected to reach a revised size of US$34.1 Billion by 2030, growing at a CAGR of 27.9% over the analysis period 2022-2030. Catl Lifepo4

Battery, one of the segments analyzed in the report, is projected to record 29.5% CAGR and reach US$25.7 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Other Elements segment is readjusted to a revised 24% CAGR for the next 8-year period. The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 33.9% CAGR The Battery Energy Storage Systems market in the U.S. is estimated at US$1.3 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$7.5 Billion by the year 2030 trailing a CAGR of 33.9% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.8% and 27.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 25.9% CAGR. Select Competitors (Total 85 Featured) -

Key Topics Covered: I. METHODOLOGY II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW

2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS

For more information about this report visit https://www.researchandmarkets.com/r/xm44wz

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