Grid-Scale Battery Market to Grow 33.52% Annually Through 2023 | Leading key players are LG Chem, Samsung, Panasonic, Fluence, Tesla, BYD Company - iCrowdNewswire - 0 views
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Almira Coyne on 12 Oct 20the grid-scale battery market is expected to grow from USD 1.37 Billion in 2018 to USD 5.82 Billion by 2023, at a CAGR of 33.52% during the forecast period. The growth of this market can be attributed to the increasing investments in renewable energy, reducing costs of grid-scale battery owing to technological advancements and expanded deployment, and government subsidies and regulations for enhancing energy efficiency.