Vancouver, Dec. 27, 2023 (GLOBE NEWSWIRE) — The Photovoltaics Energy Storage Direct Current Flexibility (PEDF) System Market size was USD 429 Billion in 2022 and is expected to register a steady revenue CAGR of 15.1% during the forecast period, according to latest analysis by Emergen Research. A Rising demand for energy storage and rapid expansion in the renewable energy storage sector are key factors driving market revenue growth. Reliable grid stability and efficient use of renewable energy depend on effective energy storage systems, due to the intermittent nature of renewable energy sources such as solar and wind.Schneider Electric SE, LG Chem Ltd., Panasonic Corporation, Enphase Energy, Inc., and SMA Solar Technology AG
(GlobeNewsWire)