New Report: Challenges and Opportunities in the Advanced Distribution Management System Market
According to MarketsandMarkets, the advanced distribution management system (ADMS) market is anticipated to grow at a compound annual growth rate (CAGR) of 16.0% from USD 3.52 billion in 2025 to USD 7.41 billion by 2030. The increasing demand for grid modernization and digital technology propels the global market for ADMS. Globally, governments and utility companies are prioritizing investments in...
The Rise of Long Duration Energy Storage: Market Growth and Innovations
The long duration energy storage market is forecasted to reach USD 10.43 billion by 2030 from an estimated USD 4.84 billion in 2024, at a CAGR of 13.6% during the forecast period (2024-2030).
With urbanization, industrialization, and transportation electrification, growing demand for global energy causes a need for stable continuous power supply. LDES is an economical way of storing excesses of...
Long Duration Energy Storage Market Share to Reach $10.43 billion by 2030
The Long Duration Energy Storage Market is forecasted to reach USD 10.43 billion by 2030 from an estimated USD 4.84 billion in 2024, at a CAGR of 13.6% during the forecast period (2024-2030).
The major factors driving the market growth of the long duration energy storage market include various driving factors such as it involves growing requirements of grid stability and resilience as it increases...