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[Market Research Report] Global Market for Battery Energy Storage Systems

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The global market for battery energy storage systems is projected to grow from $3.36 billion in 2021 to $4.34 billion in 2022, with a compound annual growth rate (CAGR) of 29.1%. The Russia-Ukraine war has disrupted the potential for global economic recovery from the COVID-19 pandemic, at least in the short term. This conflict between the two countries has led to economic sanctions against multiple nations, soaring commodity prices, and supply chain disruptions, impacting many markets worldwide. The battery energy storage system market is expected to reach $11.14 billion by 2026, with a CAGR of 26.6%.

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[English Market Research Report] Global Market for Residential Energy Storage Systems

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The residential energy storage system market is expected to grow to 6.23565 billion USD from 2023 to 2028, with a CAGR of 23.02% during the forecast period. This report includes a comprehensive analysis of the residential energy storage system market, market size and forecasts, trends, growth drivers, challenges, and vendor analysis covering approximately 25 vendors.

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