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