Energy Storage As A Service Market s expected to expand at a CAGR of 10.7% from 2021 to 2028
Energy Storage As A Service Industry Overview The global energy storage as a service market size was valued at USD 1.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.7% from 2021 to 2028. The market is expected to be driven by the increasing demand for power management services and cost-effective battery backup power in case of a power outage. Moreover, the rise in the consumption of energy in developing and undeveloped countries is accelerating market growth. The ESaaS market witnessed a decline in growth owing to the outbreak of the Coronavirus pandemic in 2020. Lockdown across nations and travel restrictions had a negative impact on the market. Various industries and commercial complexes were shut, which resulted in the decline in the service demand in 2020. Gather more insights about the market drivers, restrains and growth of the Global Energy Storage As A Service Market Energy storage as a service is a new model...