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Energy Storage Market to be Worth US$39.859 billion in 2024

<br>The energy storage market is expected to grow at a CAGR of 11.69% during the forecast period, reaching a total market size of US$39.859 billion in 2024 from US$20.535 billion in 2018.The market is segmented by Technology, by Application, by End User, and by Geography with country level analysis.<br>

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Energy Storage Market to be Worth US$39.859 billion in 2024

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  1. Energy Storage Market Forecast From 2020 to 2025

  2. DESCRIPTION The energy storage market is projected to grow at a CAGR of 11.69% during the forecast period, reaching a total market size of US$39.859 billion in 2024 from US$20.535 billion in 2018. Energy storage, also referred to as electricity storage, means the storage of energy. Energy storage works by capturing energy from renewable and non-renewable sources and discharging it when necessary. 

  3. Key Questions Answered By The Report • What will be Energy Storage Market from 2019 to 2024? • How are the major drivers and restraints affecting the Energy Storage Market . • growth and the opportunities which exist for key vendors? • Which segment and region will drive or lead the market growth and why? • A comprehensive analysis of competitive landscape and key market participant’s behavior • Key strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth

  4. Segments Covered Energy Storage Market are : • By Technology • Thermal Storage • Batteries • Pumped-storage Hydropower • Compressed air energy storage • Flywheels • By Application • Grid-Storage • Transportation • By End-User • Residential • Commercial  • Industrial

  5. Geography • North America • United States • Canada • Mexico • Others • South America • Brazil • Argentina • Others

  6. Geography Europe • Germany • France • Italy • United Kingdom • Others Middle East and Africa • Israel • Saudi Arabia • UAE • Others Asia Pacific • Japan • China • India • Others

  7. COMPANY PROFILES • LG Chem • ABB Ltd. • AES Co. Ltd. • BYD Co. Ltd. • Toshiba International Corporation • Convergent Energy + Power • Eos Energy Storage • GS Yuasa International Ltd. • Johnson Controls International PLC • Contemporary Amperex Technology Co. Ltd.

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