North America Electric Accumulators Market (2022-2028) | Size, Industry, Outlook, Share, Growth, Revenue, Forecast, Analysis, Trends, Value & COVID-19 IMPACT

The North American electric accumulators market is projected to grow at a CAGR of 6.8% from 2021 to 2027. The increasing demand for clean energy sources, government subsidies and incentives to support the use of electric vehicles, and growing investments in the development of advanced batteries are some of the major factors driving the growth of this market. Moreover, rising concerns about air pollution due to emissions from conventional fuel-based automobiles is likely to spur the adoption of electric vehicles across North America. This, in turn, will drive the demand for advanced battery technology such as lithium-ion batteries which will propel the growth of this market. Furthermore, advancements in power grid technologies such as smart grids and microgrids are expected to create significant opportunities for players operating in this market over the forecast period.