Turbine Control System Market worth USD 21 65 billion by 2027, registering a CAGR of 4 73% – Report by Market Research Future (MRFR) padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
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.