Energy storage pcb industry demand analysis

What is the growth rate of PCB market?

PCBs are used in solar inverters, wind turbine control systems, and energy storage systems, contributing to the growth of the PCB market. The printed circuit boards (PCBs) market is projected to show a noteworthy growth of USD 104.8billion by the end of the forecast period of 2033 Almost 80% of our clients request uniquely tailored intelligence.

How big is the energy storage industry?

Energy storage systems (ESS) in the U.S. was 27.57 GW in 2022 and is expected to reach 67.01 GW by 2030. The market is estimated to grow at a CAGR of 12.4% over the forecast period. The size of the energy storage industry in the U.S. will be driven by rising electrical applications and the adoption of rigorous energy efficiency standards.

How will China's printed circuit board (PCBs) market perform in 2023?

China’s printed circuit board (PCBs) market is expected to rise at 5.1% CAGR between 2023 to 2033. The market is expected to gain a market value of USD 24 billion by the end of the forecast period. China accounts for the highest market share in the printed circuit board (PCBs) market.

How big is the printed circuit boards (PCBs) market?

The printed circuit boards (PCBs) market is projected to show a noteworthy growth of USD 104.8billion by the end of the forecast period of 2033 Almost 80% of our clients request uniquely tailored intelligence. Which Drivers Underpin Printed Circuit Boards (PCBs) Industry Expansion?

Will North America dominate the global printed circuit board (PCBs) market?

North America is expected to dominate the global printed circuit board (PCBs) market during the forecast period. The market is anticipated to expand at a CAGR of 5.1% and is expected to accumulate a market value of USD 18.7 billion over the forecast period.

What is the market for energy storage in South Asia?

The market for energy storage in the South Asia region is dominated by India. (See Chart 3.4). In India, several key factors are driving the market for energy storage, perhaps most notably the ambitious National Solar Mission.