Christy Publications Grid Connected Battery Energy Storage Market

Grid Connected Battery Energy Storage Market
Quality Market Analysis, Current and Future Trends
By 2026
Grid Connected Battery Energy Storage Market study provides key
insights about market drivers, restraints, opportunities, new product
launches or approval, regional outlook, and competitive strategies
adopted by the leading players.
An electrical grid is a network, which delivers electricity for electricity production plant to
consumer. The battery storage provides flexibility for end user application such as solar power
and wind power. The grid storage is classified as either front of the meter (FOM) storage and
behind the meter (BTM) storage. The front of the meter is for community energy storage, utility
application, and others and behind the meter storage is for both residential and commercial
application. Global grid connected battery storage market generated revenue of US$ 996.8
million in 2017 and is expected to reach US$ 4,242.4 million by 2025.
Download Sample copy @
https://www.coherentmarketinsights.com/insight/request-sample/1961
The market is expected to exhibit a CAGR of 20.0% in the forecast period. Increasing demand
for renewable energy is one of the major driving factors for growth of the market, use of
renewable energy increased the need for battery storage systems in the power grids. According
to International Renewable Energy Agency, in 2015, the global renewable energy production