New York, Sept. 20, 2023 (GLOBE NEWSWIRE) — The global distributed energy storage system market size is projected to expand at ~ 9% CAGR between 2023 and 2035. The market is expected to garner a revenue of USD 15 billion by the end of 2035, up from a revenue of ~USD 5 billion in the year 2022. DESS consists of equipment with DC-charged batteries and a bi-directional inverter. It can store energy for later use and is suitable for transportation & shipping as it withstands extreme environments. The increasing consumption of electricity worldwide as well as the rising share of primary energy consumption that came from renewable technologies, leading to the escalating need to store excess renewable energy for its utilization during periods of power supply shortage, is expected to propel the DESS market in the upcoming years.Request Free Sample Copy of this Report @Make an Inquiry Before Buying this Report @
(GlobeNewsWire)