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The energy storage for microgrids market size is forecast to increase by USD2.1 billion at a CAGR of 22.79% between 2023 and 2028. The energy storage market for microgrids in the US is witnessing significant growth due to various driving factors. These include increasing government initiatives and microgrid energy storage installation projects, as well as advancements in technology. However, high implementation costs remain a challenge for market growth. In the manufacturing sector, there is a growing demand for energy storage platforms to support warehouse logistics and mobility applications. In the field of mobility, there is a rising need for energy storage solutions to power electric vehicles and other mobile equipment. Additionally, data centers and the consumer electronics market are driving demand for energy storage in the US, as they seek to minimize energy waste and ensure uninterrupted power supply. In the data center sector, solar photovoltaics and other renewable energy sources are increasingly being used to power these facilities, making energy storage a crucial component for energy management.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Battery Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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