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Asia Pacific Lithium-Ion Stationary Battery Storage Market Size
- Report ID: GMI8821
- Published Date: Apr 2024
- Report Format: PDF
Asia Pacific Lithium-Ion Stationary Battery Storage Market Size
Asia Pacific Lithium-Ion Stationary Battery Storage Market was valued at USD 18.6 billion in 2023 and is projected to grow at a CAGR of 23.1% from 2024 to 2032. Governments throughout the region have exerted significant efforts to reach their energy transition objectives and peak CO2 emissions. China is poised to emerge as the fastest-growing energy storage market, surpassing both the U.S. and Europe.
For instance, in March 2022, the National Energy Administration (NEA) and the National Development and Reform Commission (NDRC) jointly unveiled an implementation plan for the enhancement of new energy storage technologies during the 14th Five-Year Plan period. These initiatives will foster a broader ecosystem, encouraging both private and government entities to invest in storage projects.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| APAC Lithium-Ion Stationary Battery Storage Market Size in 2023: | USD 18.6 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 23.1% |
| 2032 Value Projection: | USD 132.5 Billion |
| Historical Data for: | 2019 - 2023 |
| No. of Pages: | 180 |
| Tables, Charts & Figures: | 255 |
| Segments covered: | Chemistry, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
APAC Lithium-Ion Stationary Battery Storage Market Scope
