Latest Breaking News On - Offshore wind power generation - Page 7 : comparemela.com

COVID-19 Analysis  The on-going COVID-19 pandemic has had a negative impact on the energy storage industry. The market faced a lot of problems, including obtaining raw material components as well as delivering end products to attract workers from quarantines. The lockdown imposed by the government worldwide has put a brake on the production of energy storage that spiked product prices, thus lowering the market demand.  On the brighter side, the industry is rapidly returning to normal, experiencing a steady increase in the demand for energy, particularly from the industrial sectors. The demand for the product in end use sectors is likely to pick up after the uplift of the lockdown in most countries. This is likely to boost the energy storage market revenue over the forecast period. 

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