Battery Energy Storage Market is Anticipated to Register 8.9% CAGR through 2031
The Battery Energy Storage System (BESS) market is currently valued at USD 24.72 billion in 2022 and is expected to reach USD 48.9 billion by 2030, with a compound annual growth rate (CAGR) of 8.9% during the forecast period.BESS is a technology that stores energy from various sources and releases it as needed.