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Growth Prospects for the Global Grid-Connected Battery Market

The global grid-connected energy storage market could reach a total installed capacity of 28 gigawatts by 2022, from just 3 gigwatts in 2016, if an IHS Markit projection cited recently by AES and Siemens proves correct. By 2025, cumulative installations could grow to 52 gigawatts worldwide. IHS Markit also projects that lithium-ion storage prices will continue to fall, driving industry expansion.
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