Global battery energy storage market is estimated to grow to $10.84bn by 2026

In a new report, GlobalData reveals that global battery energy storage is estimated to grow to $10.84 billion in 2026, with Asia-pacific leading the market.

The Asia-Pacific market is estimated to reach $7.33bn in 2026; accounting for close to 68% of the global market value.

The market in the Americas is expected to grow to reach $1.04 billion in 2026.

Countries in North America have a fairly advanced energy market, consisting of well-evolved designs for generation, capacity, transmission, ancillary services, and even permit trading of emissions of pollutants and renewable energy credits.

Excerpt from SUN DAY Campaign‘s April 13th, 2022 issue.

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