Energy storage is set to take an increasingly central role in the global economy, growing almost tenfold over the next decade and a half, new research suggests.

The total energy storage market is expected to grow to $546 billion in annual revenue by 2035, up from just $59 billion in 2019, according to a report released by Lux Research.

Meanwhile, the stationary storage market will surpass the electronic devices market as early as 2023, when it is projected to become a $30 billion industry of 52 GWh in installations.

‘Energy Storage’ Set To Charge Into Central Role In Global Markets | Devamı>>>