Global On Grid and Off grid Battery Energy Storage System Market Outlook Report: Latest Trends and Growth Opportunities by Region

Published On: Jan, 2025
|
Pages: 158

"Rising Demand for Energy Independence and Sustainability Drives Growth in the On-Grid and Off-Grid Battery Energy Storage System Market"

The On Grid and Off Grid Battery Energy Storage System market is experiencing rapid growth, driven by the global push for renewable energy integration, energy security, and grid stability. These systems play a vital role in storing electricity generated from renewable sources like solar and wind, ensuring reliable power supply and optimizing energy usage for utilities, commercial entities, and residential users. On-grid systems are connected to the main power grid, enabling energy exchange and stabilization, while off-grid systems operate independently, providing critical backup and remote power solutions in areas without reliable grid access. The adoption of advanced battery technologies, including lithium-ion, flow batteries, and emerging solid-state batteries, is further accelerating market expansion as industries seek efficient, long-lasting, and scalable storage solutions.

Technological advancements, government incentives, and falling battery costs are contributing to increased installations of both on-grid and off-grid storage systems worldwide. These systems are instrumental in supporting energy transition strategies, enabling peak load management, and reducing carbon emissions. Key regions such as North America, Europe, and Asia-Pacific are witnessing strong growth due to supportive regulations and ambitious renewable energy targets. However, the market faces challenges such as high initial investments, regulatory complexities, and supply chain concerns for raw materials. Industry players are focusing on product innovation, system integration, and partnerships with utilities to capture new opportunities in grid modernization and rural electrification.

Lithium-ion batteries represent the largest segment in the market due to their superior energy density, long cycle life, and rapidly declining costs, making them the preferred choice for both utility-scale and distributed storage applications. Their widespread adoption is further supported by ongoing technological advancements and scalability for various energy storage needs.

On-grid systems are the fastest-growing segment, driven by increasing integration of renewable energy into national grids, government mandates for grid modernization, and the urgent need for frequency regulation and peak load management. The ability to support grid stability and facilitate energy trading makes on-grid storage highly attractive for utilities and commercial users.

Key Strategies

  • Growing investments in renewable energy and a strong push for decarbonization are key factors driving demand for battery energy storage systems, as they enable effective utilization of intermittent solar and wind resources and help balance electricity supply and demand.

  • On-grid battery energy storage systems are widely adopted for grid stabilization, frequency regulation, and peak shaving, providing utilities with flexible solutions to manage fluctuations in electricity generation and consumption.

  • Off-grid systems are increasingly deployed in remote and underserved regions, delivering reliable power for communities, telecom towers, and critical infrastructure where grid connectivity is limited or unavailable.

  • Lithium-ion batteries remain the dominant technology in the market due to their high energy density, long cycle life, and declining costs, though alternative chemistries like flow and solid-state batteries are gaining traction for specific applications.

  • Government policies, subsidies, and renewable portfolio standards in countries such as the United States, Germany, China, and India are encouraging large-scale adoption and accelerating project development for battery storage systems.

  • The commercial and industrial sectors are investing in both on-grid and off-grid solutions to manage energy costs, ensure uninterrupted operations, and participate in demand response programs.

  • Integration of energy storage with solar photovoltaic systems and microgrids is creating new business models, enabling greater energy independence and resilience against power outages.

  • Technological advancements in battery management systems, safety features, and remote monitoring capabilities are enhancing the performance and reliability of both on-grid and off-grid storage solutions.

  • Despite strong market growth, challenges such as high upfront costs, recycling and end-of-life management, and raw material supply risks could impact the pace of adoption in some regions.

  • Strategic partnerships between technology providers, utilities, and governments are shaping the market landscape, promoting grid modernization, and expanding access to clean energy in both developed and emerging economies.

Market Players

1. Tesla Inc.
2. LG Energy Solution
3. Samsung SDI
4. Panasonic Corporation
5. BYD Company Ltd.
6. Fluence Energy, Inc.
7. ABB Ltd.
8. Siemens AG
9. Eaton Corporation
10. Saft Groupe S.A.
11. Schneider Electric SE
12. Enphase Energy, Inc.
13. Generac Power Systems
14. Sonnen GmbH
15. VARTA AG

 

Market Segmentation

By Battery Type

  • Lithium-Ion Batteries
  • Lead-Acid Batteries
  • Flow Batteries
  • Nickel Metal Hydride
  • Others

By Connection Type

  • On-Grid
  • Off-Grid

By Energy Capacity

  • Below 100 MWh
  • Between 100 and 500 MWh
  • Above 500 MWh

By Application

  • Utilities
  • Renewable
  • Small Hydro
  • Industrial
  • Others

By Equipment

  • Battery
  • Other Hardware

By Geography

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Australia, Rest of APAC)
  • The Middle East and Africa (Middle East, Africa)
  • South and Central America (Brazil, Argentina, Rest of SCA)

   

Recent Developments

In July 2025, Lyten acquired a major European battery energy storage manufacturing facility from Northvolt, with plans to restart production and expand its lithium-sulfur BESS product line.

Also in July 2025, Globeleq and African Rainbow Energy reached financial close on a large standalone battery energy storage system project in South Africa, marking a significant milestone for the continent’s storage capacity.

In June 2025, Cummins India launched advanced battery energy storage system solutions targeting industrial, commercial, and mining sectors to support India’s clean energy transition.

In April 2025, Ørsted began construction of a large battery energy storage system in Texas to complement its solar portfolio and strengthen its position in the U.S. storage market.

In June 2025, Our Next Energy introduced new U.S.–made LFP cells, Aries Grid Modules, and a battery management system aimed at the grid-scale energy storage market.

Also in June 2025, Saft was selected by Gurīn Energy to deliver a lithium-ion storage project in Japan featuring AI-powered cloud monitoring and advanced power conversion systems.

         

     

Research Methodology

Our research methodology combines primary and secondary research techniques to ensure comprehensive market analysis.

Primary Research

We conduct extensive interviews with industry experts, key opinion leaders, and market participants to gather first-hand insights.

Secondary Research

Our team analyzes published reports, company websites, financial statements, and industry databases to validate our findings.

Data Analysis

We employ advanced analytical tools and statistical methods to process and interpret market data accurately.

Get Free Sample

At OG Analysis, we understand the importance of informed decision-making in today's dynamic business landscape. To help you experience the depth and quality of our market research reports, we offer complimentary samples tailored to your specific needs.

Start Now! Please fill the form below for your free sample.

Why Request a Free Sample?

Evaluate Our Expertise: Our reports are crafted by industry experts and seasoned analysts. Requesting a sample allows you to assess the depth of research and the caliber of insights we provide.

Tailored to Your Needs: Let us know your industry, market segment, or specific topic of interest. Our free samples are customized to ensure relevance to your business objectives.

Witness Actionable Insights: See firsthand how our reports go beyond data, offering actionable insights and strategic recommendations that can drive your business forward.

Embark on your journey towards strategic decision-making by requesting a free sample from OG Analysis. Experience the caliber of insights that can transform the way you approach your business challenges.

You can purchase individual sections of this report. Explore pricing options for specific sections.

FAQ's

The Global On Grid and Off grid Battery Energy Storage System Market is estimated to generate USD xxx.x million in revenue in 2024

The Global On Grid and Off grid Battery Energy Storage System Market is expected to grow at a Compound Annual Growth Rate (CAGR) of x.xx% during the forecast period from 2025 to 2031.

By 2031, the On Grid and Off grid Battery Energy Storage System Market is estimated to account for USD xxx.x million

License

$3950- 30%

$6450- 40%

$8450- 50%

$2850- 20%

Didn’t find what you’re looking for? TALK TO OUR ANALYST TEAM

Need something within your budget? NO WORRIES! WE GOT YOU COVERED!

Related Products

Pressure Pumping Market Outlook Report

Pressure Pumping Market Overview Pressure pumps are designed primarily to generate high pressure to provide cooling and lubrication, transfer fluids for processing, and provide motive force in hydraulic systems. These pressure pumps operate the pressure from 20 bar to 3000 bar. Pumping systems are essential to the daily operation of most manufacturing plants, commercial buildings, and municipalities. The technology is effective in lowering costs and improving results when compared to other methods. Pressure pumps account for 27% of the electricity consumed by industrial systems in the manufacturing sector. While Pressure pumps are primarily used in the commercial sector to provide water for heat transfer in heating, ventilation, and air conditioning (HVAC) systems, municipalities use them for water and wastewater transfer and treatment, as well as land drainage. Latest Trends in Pressure Pumping Market Rising investments in the oil and gas industry: Compressor and pump failures have an impact on safety and field operations, resulting in lower profits and revenues for oil and gas pump manufacturers. As a result, the oil and gas industry is increasingly demanding pumps that are integrated with smart pumping technology to have operational efficiency and lead to efficient machine operation, boosting market growth by 25% of current demand levels. Furthermore, the transition from single-phase to multi-phase pumping is causing an increase in demand. These multi-phase oil and gas pumps eliminate the need to separate gas, oil, or water, allowing production to be transported directly from the field to central processing units. Growing investments in the oil and gas industry are increasing the demand for global pressure pumps. Furthermore, expansion of oil and gas exploration activities around the world, for instance, Oil and Natural Gas Corporation (ONGC) spent over $2,730.0 million on oil rigs, according to a report released by the India Brand Equity Foundation (IBEF), is expected to drive pressure pumps market. Driving Factors Increasing construction activities in the residential sector: As the world's population expands, so does the water demand, propelling the pressure pump market to new heights. Increased residential construction activity, an increase in the number of high-rise buildings requiring pumps to maintain water pressure until the top, rapid urbanization, and groundwater depletion are some of the key factors driving market growth. Over the years, there has been a significant increase in the construction of new residential and commercial structures. Various public and private entities are making significant investments in various developing and developed countries to renovate existing facilities and build new ones. These pumps assist in dealing with variable or low-pressure problems, as well as providing energy-efficient solutions to meet water transfer and HVAC (Heating, Ventilation, and Air-conditioning) needs in buildings. Market Challenges Increased Competition from Local Players and Unorganized Sector: By providing low-cost alternatives and cost-effective maintenance services, grey market products pose significant challenges to brand owners. Local and grey market players in the pump industry provide these alternative products. The unorganized sector, which includes grey market and local players, can outperform well-established companies in this market in terms of price competitiveness and an efficient local supply network. Furthermore, because local players are close to customers, they can respond to their needs quickly. This is a bonus for purchasing alternative locally manufactured products. As a result, the easy availability of local alternative products impedes global pump manufacturers' entry into the local market and poses a threat to the market. Companies Mentioned Sulzer, Ltd. Danfoss, Inc. Halliburton Company Schlumberger Limited Baker Hughes Company Weatherford International plc National Oilwell Varco Inc. Superior Energy Services Inc. Calfrac Well Services Inc. Cudd Energy Services Company NexTier Oilfield Solutions Inc. ProFrac Holding Corp. Basic Energy Services Inc. Horizon Wellbore Completion Inc. BJ Services Company ChampionX Inc. *The companies above are listed in no particular order. Report Scope Details Market Value- $ Million,2024 55,380.3 Market Growth (Value), (2024-2031)- % 4.8 Leading Region Xx Base Year 2023 Forecast Period 2024 to 2031 Segments Covered By Type, By Pressure, By End User Geography Covered North America, Europe, Asia-Pacific, South and Central America, and Middle East & Africa

Published:Feb-2025

Bahrain Oil and Gas Market Outlook 2018–2032: Industry Analysis, Exploration & Production, Pipelines, Refining, LNG, Storage, and Price Trends

Bahrain Oil and Gas Market OverviewBahrain’s oil and gas market plays a foundational role in the country’s economy, contributing significantly to government revenue, exports, and national development. Although smaller in reserves compared to neighboring Gulf states, Bahrain has maintained its energy relevance through strategic asset development and partnerships. The discovery of the massive offshore Khalij al-Bahrain field in 2018 marked a pivotal moment, with ongoing exploration and appraisal work aimed at unlocking its unconventional oil and tight gas potential. The country’s upstream activities are managed primarily by the National Oil and Gas Authority (NOGA) and its subsidiaries, including Tatweer Petroleum, which oversees key operations at the Bahrain Field—the region’s oldest continuously producing oilfield. Bahrain is actively pursuing energy sector modernization, efficiency improvements, and downstream diversification to adapt to global shifts in demand, sustainability pressures, and regional competition. As of 2024 and into 2025, Bahrain’s focus remains on monetizing existing assets, developing unconventional resources, and securing energy independence while expanding its role as a regional refining and petrochemical hub.Bahrain’s oil and gas sector comprises a vertically integrated structure spanning upstream, midstream, and downstream operations. In the upstream segment, production is centered around the Bahrain Field and the offshore Abu Safah field, which is jointly shared with Saudi Arabia. Development work at the Khalij al-Bahrain basin continues to evaluate the commercial viability of its shale oil and gas resources. Midstream infrastructure includes a robust oil pipeline network, notably the AB-4 pipeline connecting Bahrain to Saudi Arabia for crude supply to the Sitra refinery. In addition, Bahrain has invested in gas processing and compression facilities to support its domestic energy needs. On the downstream front, the Bapco Modernization Programme (BMP) is a cornerstone project that is expanding the capacity of the Sitra refinery from 267,000 barrels per day to around 380,000 barrels per day. This will allow Bahrain to produce cleaner fuels and boost its refining exports across Asia and Africa. The downstream sector also includes petrochemical activities and LNG import infrastructure, positioning Bahrain as a versatile player in the Gulf energy ecosystem while supporting its long-term energy security and economic diversification goals.Bahrain Oil and Gas Market Latest Developments In May 2025, Bapco Energies signed a strategic agreement with EOG Resources to commence deep gas exploration in the Pre-Unayzah formation, marking Bahrain’s first entry into unconventional gas drilling.In November 2024, Petrofac was awarded a multi-million-dollar, two-year contract by Bapco Upstream to connect new wells, install tie-ins, and develop gas flow infrastructure in the Bahrain Field to enhance natural gas production.Petrofac also secured a separate contract in late 2024 to design and construct a gas dehydration facility, aimed at improving the efficiency and quality of processed gas from mature reservoirs.At the MPGC 2025 conference, Bapco Energies announced the initiation of the largest-ever offshore 3D seismic survey in Bahrain, covering more than 4,000 square kilometers, with AI-driven subsurface imaging to guide future exploration.In May 2025, Bahrain and Russia entered advanced negotiations for a three-year LNG supply agreement, involving 1.5 million tonnes annually to meet domestic peak demand during summer months.Bahrain’s deal with EOG Resources signifies a strategic pivot toward unconventional resource development, reducing reliance on aging conventional reserves.Bapco’s upstream infrastructure enhancements signal a near-term goal to maximize recovery rates and increase domestic gas availability.The gas dehydration facility will enable more efficient use of produced gas and reduce bottlenecks in the midstream segment.The offshore 3D seismic initiative reflects a long-term vision to identify new reserves and de-risk exploration investment through advanced imaging.Expanding exploration capacity shows Bahrain's ambition to establish itself as a technically capable and resource-diverse player in the Gulf energy landscape.The LNG supply deal with Russia illustrates Bahrain’s intent to diversify its gas import portfolio and ensure summer supply reliability.Securing seasonal LNG imports also shows growing awareness of domestic consumption trends and infrastructure capacity planning.Collaborations with experienced global firms such as Petrofac and EOG reflect international confidence in Bahrain’s regulatory and operational environment.These investments align with Bahrain’s broader energy strategy to balance domestic energy needs with its refining and petrochemical export ambitions.Altogether, Bahrain is building a more resilient and forward-looking oil and gas sector by blending conventional output optimization with unconventional exploration, infrastructure modernization, and diversified import strategies.Bahrain Oil and Gas Market Report Scope The "Bahrain Oil and Gas Strategic Analysis and Outlook to 2032" is an all-encompassing report that delivers a full-spectrum evaluation of the nation’s oil and gas value chain—from exploration and production fields, refinery and LNG plant operations, to midstream pipelines and storage infrastructure in Bahrain. Leveraging robust methodologies and proprietary databases, the study provides detailed asset-level data, historic and forecasted supply-demand trends (2015–2032), and a clear understanding of how recent developments, government policies, and market dynamics shape the sector. The Bahrain Oil and Gas report equips industry stakeholders with actionable insights for investment, benchmarking, and strategic planning by profiling operational assets, new projects, and the competitive landscape across upstream, midstream, and downstream segments. Comprehensive market analytics are complemented by SWOT and investment opportunity analysis, highlighting growth drivers, operational risks, sector-specific challenges, and capital requirements. The study evaluates key companies’ strategies, performance, and market positions, providing an integrated view of where opportunities and bottlenecks exist. The scope extends to Bahrain field-wise production, refinery-wise capacity, LNG terminal operations (including liquefaction and regasification units), and product flows through pipelines and storage. The research not only answers core market questions but also uncovers the evolving dynamics that will influence the future trajectory of Bahrain country’s oil and gas industry. Bahrain Asset-by-asset data covers all existing and upcoming oil and gas fields, refineries, LNG terminals, pipelines, and storage facilities, providing a granular view of national infrastructure. Historic and projected supply-demand analysis for crude oil, natural gas, and key refined products (gasoline, diesel, LPG, fuel oil, etc.) from 2015 to 2032. Recent developments, regulatory changes, and major project announcements are analyzed for their impact on market fundamentals and investment climate. Segmented insights into upstream (exploration and production), midstream (pipelines, LNG, storage), and downstream (refining, distribution) operations. Comprehensive overview of LNG sector including liquefaction and regasification terminals, contracted versus available capacity, and future outlook. Bahrain Oil and Gas Industry SWOT analysis and sector-wise benchmarking to evaluate industry strengths, challenges, opportunities, and potential risks. Bahrain Investment analysis detailing sector growth potential, required capital for new projects, and feasibility of ongoing and planned developments. Competitive landscape profiling of leading companies, with business strategies, operational performance, and market shares. Infrastructure benchmarking by market concentration in pipelines, refining, LNG, and storage segments, including capacity and utilization rates. Answers to key market questions, including evolving Bahrain supply-demand dynamics, project status, leading market participants, and the future outlook for capacity, trade, and investment.

Published:Jul-2025

Bangladesh Oil and Gas Market Outlook 2018–2032: Industry Analysis, Exploration & Production, Pipelines, Refining, LNG, Storage, and Price Trends

Bangladesh Oil and Gas Market OverviewBangladesh’s oil and gas market plays a vital role in sustaining the country’s fast-growing economy, with natural gas serving as the dominant primary energy source. The country relies heavily on indigenous gas production to meet industrial, power generation, and residential needs, contributing to over 60% of its total energy mix. However, declining production from mature gas fields and rising demand from a rapidly expanding population and economy have led to increasing reliance on LNG imports. State-owned Petrobangla and its subsidiaries dominate the sector, overseeing exploration, production, and infrastructure management, while foreign firms participate in limited upstream ventures. As of 2024 and into 2025, the government continues to prioritize energy diversification, increased investment in offshore exploration, and LNG terminal expansion to bridge the growing supply-demand gap. Policy reforms, strategic partnerships, and infrastructure upgrades are being advanced to secure energy security, reduce import dependency, and attract foreign investment into the country’s oil and gas value chain.Bangladesh’s oil and gas industry is structured around an integrated upstream, midstream, and downstream network, largely steered by public sector enterprises. In the upstream segment, domestic gas production is concentrated in the eastern part of the country, with key fields including Titas, Bibiyana, and Kailashtila. These assets are operated by companies such as Bangladesh Gas Fields Company Limited (BGFCL), Sylhet Gas Fields Limited (SGFL), and Chevron Bangladesh. However, production is declining, prompting new offshore exploration efforts in the Bay of Bengal. Midstream infrastructure includes a national pipeline network for gas transmission managed by Gas Transmission Company Limited (GTCL), along with Floating Storage and Regasification Units (FSRUs) at Moheshkhali to accommodate LNG imports. Additional onshore terminals are planned to enhance regasification and supply capacity. In the downstream segment, Bangladesh has one major refinery, Eastern Refinery Limited (ERL), which is undergoing modernization to improve fuel quality and processing efficiency. The downstream sector also includes city gas distribution networks, CNG filling stations, and fuel import terminals, with expansion efforts underway to meet growing urban and industrial demand.Bangladesh Oil and Gas Market Latest Developments In January 2025, the government initiated the renovation of 31 aging natural gas wells under a national plan to refurbish 100 wells by 2028, aiming to stabilize and boost domestic gas production.Petrobangla extended the international bidding deadline for offshore exploration blocks to December 2025, offering 24 blocks in the Bay of Bengal to attract foreign investment in untapped reserves.Argent LNG signed a preliminary agreement in early 2025 to supply Bangladesh with up to 5 million tonnes of LNG annually from a planned U.S.-based liquefaction terminal, expected to commence deliveries post-2027.Chevron resumed development work on the Jalalabad gas compression station in 2025, allocating an estimated $65 million to enhance pressure and extend the life of the field.Summit Group formally challenged a termination notice from Petrobangla over its proposed third FSRU terminal in southeast Bangladesh, continuing efforts to develop a 600 mmcfd regasification facility.The well renovation campaign is a critical short-term measure to restore production from existing fields and slow the rate of decline in domestic supply.Bangladesh is shifting focus from reliance on existing mature fields to unlocking new offshore gas reserves through competitive licensing and investment incentives.The Argent LNG deal underscores Bangladesh’s growing dependence on long-term LNG contracts to address seasonal shortages and mitigate exposure to spot market volatility.Chevron's continued infrastructure investments reflect its commitment to field sustainability and its strategic importance as the country’s largest producer.Midstream upgrades like compression stations are necessary to maintain flow rates as reservoir pressures decline in aging fields.The offshore bidding extension indicates that investor appetite remains cautious, requiring additional time and regulatory clarity to encourage participation.Long-term LNG deals with diversified suppliers such as the U.S. provide greater flexibility and resilience in Bangladesh’s import portfolio.The dispute over the third FSRU highlights regulatory uncertainty and conflicting interests between public and private stakeholders in infrastructure development.If completed, the proposed FSRU terminal would significantly enhance Bangladesh’s LNG import capacity, vital for meeting growing urban and industrial demand.The combination of well rehabilitation, exploration initiatives, LNG procurement, and infrastructure expansion illustrates a broad-based strategy to achieve gas security and energy diversification in the face of rising consumption and declining reserves.Bangladesh Oil and Gas Market Report Scope The "Bangladesh Oil and Gas Strategic Analysis and Outlook to 2032" is an all-encompassing report that delivers a full-spectrum evaluation of the nation’s oil and gas value chain—from exploration and production fields, refinery and LNG plant operations, to midstream pipelines and storage infrastructure in Bangladesh. Leveraging robust methodologies and proprietary databases, the study provides detailed asset-level data, historic and forecasted supply-demand trends (2015–2032), and a clear understanding of how recent developments, government policies, and market dynamics shape the sector. The Bangladesh Oil and Gas report equips industry stakeholders with actionable insights for investment, benchmarking, and strategic planning by profiling operational assets, new projects, and the competitive landscape across upstream, midstream, and downstream segments. Comprehensive market analytics are complemented by SWOT and investment opportunity analysis, highlighting growth drivers, operational risks, sector-specific challenges, and capital requirements. The study evaluates key companies’ strategies, performance, and market positions, providing an integrated view of where opportunities and bottlenecks exist. The scope extends to Bangladesh field-wise production, refinery-wise capacity, LNG terminal operations (including liquefaction and regasification units), and product flows through pipelines and storage. The research not only answers core market questions but also uncovers the evolving dynamics that will influence the future trajectory of Bangladesh country’s oil and gas industry. Bangladesh Asset-by-asset data covers all existing and upcoming oil and gas fields, refineries, LNG terminals, pipelines, and storage facilities, providing a granular view of national infrastructure. Historic and projected supply-demand analysis for crude oil, natural gas, and key refined products (gasoline, diesel, LPG, fuel oil, etc.) from 2015 to 2032. Recent developments, regulatory changes, and major project announcements are analyzed for their impact on market fundamentals and investment climate. Segmented insights into upstream (exploration and production), midstream (pipelines, LNG, storage), and downstream (refining, distribution) operations. Comprehensive overview of LNG sector including liquefaction and regasification terminals, contracted versus available capacity, and future outlook. Bangladesh Oil and Gas Industry SWOT analysis and sector-wise benchmarking to evaluate industry strengths, challenges, opportunities, and potential risks. Bangladesh Investment analysis detailing sector growth potential, required capital for new projects, and feasibility of ongoing and planned developments. Competitive landscape profiling of leading companies, with business strategies, operational performance, and market shares. Infrastructure benchmarking by market concentration in pipelines, refining, LNG, and storage segments, including capacity and utilization rates. Answers to key market questions, including evolving Bangladesh supply-demand dynamics, project status, leading market participants, and the future outlook for capacity, trade, and investment.

Published:Jul-2025