Battery Energy Storage Market worth $17.5 billion by 2028 - Exclusive Report by MarketsandMarkets™
Battery element segment is expected to account for the largest share of the battery energy storage system market during the forecast period.
- Battery element segment is expected to account for the largest share of the battery energy storage system market during the forecast period.
- The battery energy storage system constitutes components such as a battery, battery management system, energy management system, monitoring and control system, and power conversion system.
- The battery elements used in the battery energy storage system are in the form of modules and racks.
- The battery element alone constitutes 60% of the total battery energy storage system.