Market research: Advanced energy storage market size could exceed 11 GW by 2022

on August 12, 2016

Solar Server energy storageThe advanced energy storage systems market size may reach USD 7.17 billion by 2022 and exceed 11 GW, according to a new research report by Global Market Insights, Inc. (Independence, OH, US).

Asia pacific is forecast to witness highest gains at 15.8% CAGR up to 2022. Rising industrialization accompanied by enhanced consumer lifestyle in India and China are major reasons foster regional growth, says Global Market Insights.

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Solar ServerMarket research: Advanced energy storage market size could exceed 11 GW by 2022