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Grid Scale Stationary Battery Storage Market to hit $40 billion by 2030, Says Global Market Insights, Inc.

Selbyville, Delaware, Aug. 10, 2020 (GLOBE NEWSWIRE) --
Global grid scale stationary battery storage market is poised to surpass USD 40 Billion by 2030, as reported in the latest study by Global Market Insights, Inc. Growing utilization of renewable energy sources across the globe coupled with stringent government regulations to curb the carbon emission will boost the product adoption over forecast period. Grid scale stationary battery storage industry will grow significantly from frequency regulation services on account of growing deployment of renewable energy sources for electricity generation. Frequency regulation includes synchronization of electricity generation resources for effective grid operation. Ongoing clean energy systems integration including wind and solar has necessitated the installation of cost-effective technologies for synchronizing different networks, which will drive the industry demand. A Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4784Some major findings of the grid scale stationary battery storage market report include:
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