Market Industry Reports (MIR) has published a new report titled “Intelligent Energy Storage System Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the Global Intelligent Energy Storage System Market is anticipated to grow at a steady CAGR from 2019 to 2030.
The market growth of intelligent energy storage systems can be attributed to factors, such as growing concerns regarding environmental impacts caused by the use of fossil fuels for electricity generation. Therefore, the rising demand for renewable energy sources leading to the rising demand for intelligent energy storage systems. According to The International Energy Association (IEA), in order to keep global warming below 2 degrees Celsius, the world needs 266 GW of energy storage by 2030, up from 176.5 GW in 2017. Increasing investments by leading players in the development of intelligent energy storage systems are among the prime factors boosting the market growth.
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