The battery energy storage system market is estimated to be valued at USD 8.15 Bn in 2024 and is expected to reach USD 48.88 Bn by 2031, growing at a compound annual growth rate (CAGR) of 29.16% from 2024 to 2031. https://logcla.com/blogs/554588/Battery-Energy-Storage-Market-Surges-Due-to-Growing-Renewable-Energy