Rising concerns over carbon emissions and favorable measures to promote adoption of sustainable energy will drive energy storage systems market forecast over the coming years. Carbon dioxide, the most prevalent and dangerous greenhouse gas that drives global climate change, continues to rise every year. In 2018, Hawaii’s Mauna Loa Atmospheric Baseline Observatory had reported carbon dioxide levels of nearly 411 parts per million (ppm), the highest monthly average ever registered.
Constant efforts are being made toward limiting carbon emission, which include growing investments toward deployment and expansion solar and wind energy plants to replace conventional fossil fuels. Deployment of large-scale clean energy systems will be bolstered by innovative advances in technology aimed to enhance efficiency and performance of batteries.