The Global Energy Storage Forecast, 2016-24, published by Bloomberg New Energy Finance (BNEF), predicts the Asia Pacific region will host a majority of the 45 gigawatts and 81.3 gigawatt-hours of non pumped-hydro storage due to be installed worldwide by 2024.
By then, the Asia-Pacific region will account for 53 percent of the world’s total capacity in megawatts. Three Asian countries — Japan, India and China — will be among the world’s top five markets for energy storage.
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