The Asia-Pacific Energy Storage Market May Surpass North America
A recently released report has found that the Asia-Pacific will surpass North America as the largest utility-scale energy storage market by yearly installed gigawatts. Guidehouse Insights, a market intelligence and research firm, compiled this report. The research company revised its predictions for global yearly installed utility-scale energy storage by 2029 from forecasts it had made close to 18 months ago, going from roughly 25 gigawatts to 27.5 gigawatts. It expects global annual installed utility-scale energy storage to be slightly more than 30 gigawatts by 2030. The research firm anticipates an average compound annual growth rate (“CAGR”) of 25% between 2021…