The deployment of renewable power generation projects surged in the post-pandemic era supported by incentives from the governments. For instance, as per the report published by the International Renewable Energy Agency (IRENA) in July 2023, the total global renewable energy capacity jumped from approximately 2,824.9 GW in 2020 to 3,381.7 GW in 2022. These new steps towards sustainability directly promoted the adoption of energy storage systems over the mentioned timeline. For more details visit: https://www.globaldata.com/store/report/energy-storage-system-market-analysis/

The deployment of renewable power generation projects surged in the post-pandemic era supported by incentives from the governments. For instance, as per the report published by the International Renewable Energy Agency (IRENA) in July 2023, the total global renewable energy capacity jumped from approximately 2,824.9 GW in 2020 to 3,381.7 GW in 2022. These new steps towards sustainability directly promoted the adoption of energy storage systems over the mentioned timeline. For more details visit: https://www.globaldata.com/store/report/energy-storage-system-market-analysis/

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