Residential Energy Storage Market Demand to Grow 20.5% Annually Through 2027
According to a new market research, demand for residential energy storage market is expected to grow from an estimated in USD 719 million in 2022 to USD 1,828 million by 2027, at a CAGR of 20.5% during the forecast period. The rising demand of solar PV installations and the manufacturing of electric vehicles are expected to be the primary drivers of the market.
Key Market Players
A few major...
Light Management System Market to Observe Huge Growth by 2023
The global Light Management System Market is expected to grow from an estimated $11.66 billion in 2018 to $21.51 billion by 2023, at a CAGR of 13.03%, during the forecast period. The increasing adoption of energy-efficient lighting automation systems is the major driver of the lighting management system market. The growing demand for building automation in North America and Europe make them...
Light Management System Market is Thriving with Rising Latest Trends by 2023
The global Light
Management System Market is expected to grow from an estimated $11.66
billion in 2018 to $21.51 billion by 2023, at a CAGR of 13.03%, during the
forecast period. The increasing adoption of energy-efficient lighting
automation systems is the major driver of the lighting management system
market. The growing demand for building automation in North America and Europe
make them potential...
APAC Smart Homes Market Driven by IT Revolution in Emerging Markets
Houses equipped with advanced automation systems help their dwellers with sophisticated monitoring of the most basic functions of the homes. These houses are better known as smart homes that are gaining popularity all over the world. Smart homes incorporate a communications network which connects key functions and features of the house so that they can be remotely controlled and managed. These features...