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Rapid Growth in Energy Storage
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The advanced energy storage systems market is experiencing rapid growth due to technological progress, EV demand, and sustainability efforts. Expected to reach $19.25 billion by 2024 and $25.39 billion by 2028, driven by EV sales and advanced materials integration. Major players like Tesla, LG Electronics, and ABB Ltd. are prominent, with North America leading the market.
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How could the dominance of North America in this sector influence global energy trends?
How might further advancements in energy storage technology impact the market dynamics?
What challenges could arise from the rapid growth of the energy storage market?
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