Global battery market for smart grid growing at more than 70% CAGR
from Smart Grid News
The global battery energy storage market for smart grid is expected to grow immensely in the next four years at a compound annual growth rate of nearly 73 percent, according to a study from Technavio. The research report, entitled "Global Battery Energy Storage Market for Smart Grid 2016-2020," analyzed the market revenue and emerging trends, categorizing battery storage by three types: Li-ion batteries, lead-acid batteries and sodium sulfur batteries.
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