Global Off

News provided by

08 Jun, 2023, 06:00 ET

Share this article

PUNE, India, June 8, 2023 /PRNewswire/ -- According to a recent market study published by Growth Market Reports, titled, "Global Off-grid Energy Storage System Market Segments - By Type (Lithium-ion Battery, Lead-acid Battery, and Others), By Application (Family Backup Power, Industrial UPS, Unattended Equipment, and Others), By Sales Channel (Manufacturer/Distributor/Service Provider and Aftermarket), and Region: Size, Share, Trends and Opportunity Analysis, 2023-2031", the market size was around USD 7.92 Bn in 2022 and is projected to reach USD 15.45 Bn by 2031, expanding at a CAGR of 7.7% during the forecast period, 2023-2031. The market growth is attributed to the rising demand for off-grid energy systems to provide energy for remote areas that are not connected to the main grid.

Key Market Players Profiled in the Report

Download PDF Sample here: https://growthmarketreports.com/request-sample/5216

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include type, application, and competitor analysis.

This report also includes a complete analysis of industry players and covers their latest developments, product portfolio, pricing, mergers, acquisitions, and collaborations. Moreover, it provides crucial strategies that are helping market players to expand their market share.

For Any Questions on This Report: https://growthmarketreports.com/enquiry-before-buying/5216

Market Segment Highlights:

Based on region, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in North America is dominating as some governments across the region are focusing on increasing their investment in the energy sector to increase storage systems across the countries.

The market in Asia Pacific is anticipated to expand at a considerable CAGR during the forecast period with the emerging economies present in the region such as India and China focusing on increasing electrification plans for remote areas.

To Buy the Complete Report: https://growthmarketreports.com/report/off-grid-energy-storage-system-market-global-industry-analysis

Key Takeaways from the Study:

Read 259 Pages Research Report with Detailed TOC on "Global Off-grid Energy Storage System Market Segments - By Type (Lithium-ion Battery, Lead-acid Battery, and Others), By Application (Family Backup Power, Industrial UPS, Unattended Equipment, and Others), By Sales Channel (Manufacturer/Distributor/Service Provider and Aftermarket), and Region (North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Get Full Access to this Report: https://growthmarketreports.com/checkout/5216

Key Segments Covered

Type

Application

Sales Channel

Region

Other Related Reports:

About Growth Market Reports:

Growth Market Reports provides global enterprises as well as small & medium businesses with unmatched quality of "Market Research Reports" and "Industry Intelligence Solutions". Growth Market Reports has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market opportunity analysis, market threat analysis, market growth/fall forecasting, primary interviews, and secondary research & consumer surveys.

Contact: Alex Mathews 7th Floor, Siddh Icon,Baner Road, Pune.Maharashtra – 411045. India.Phone: +1 909 414 1393Email: [email protected]Web: https://growthmarketreports.com/Twitter: https://twitter.com/growth_reportsLinkedIn: https://www.linkedin.com/company/growth-market-report/

Logo : https://mma.prnewswire.com/media/1980656/Growth_Market_Reports_Logo1.jpg

SOURCE Growth Market Reports