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Battery Energy Storage Market Outlook: Growth, Challenges, and Future Prospects
The Battery Energy Storage Systems (BESS) market is experiencing robust growth due to the accelerating global shift towards renewable energy sources, grid modernization, and energy resilience needs. Valued at around USD 8.4 billion in 2025, the market is forecasted to expand to approximately USD 29.4 billion by 2033, reflecting a strong compound annual growth rate (CAGR) of about...
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