Thermal energy storage provides an effective way of utilizing the energy that is otherwise wasted in several processes and is also becoming important for saving and conservation of electricity. The need for reducing greenhouse gas emissions and introducing mixed energy sources in global utilities changes the global power generation and distribution scenario. Moreover, features such as lower capital costs as compared to other storage technologies as ... Read more
Global Thermal Energy Storage Market Information by Technology (sensible heat, latent heat and thermochemical heat), by End use (commercial & industrial, utilities, residential) and Region - Forecast to 2022.
Study Objectives of Thermal Energy Storage Market:
To provide detailed analysis of the market structure along with forecast for the next 6 years of various segments and sub-segments of the global thermal energy storage market
Global Thermal Energy Storage Market Information by Technology (sensible heat, latent heat and thermochemical heat), by End use (commercial & industrial, utilities, residential) and Region - Forecast to 2022.
Study Objectives of Thermal Energy Storage Market:
To provide detailed analysis of the market structure along with forecast for the next 6 years of various segments and sub-segments of the global thermal energy storage market
In a recent market research report concerning the global thermal energy storage market Transparency Market Research zeroes in on the area of latent heat storage as the one with the most lucrative growth opportunities. The report states that the global market will exhibit an exponential 16.70% CAGR from 2014 through 2020 and rise to a valuation of US$1.8 bn by 2020, from US$0.6 bn in 2013.The report is titled “Thermal Energy Storage Market – Global Industry Analysis, Size, Share, ... Read more
Global thermal energy storage market is projected to reach $7,472.9 million by 2023. The market growth is mainly driven by government incentives to promote the adoption of thermal energy storage solutions and increasing demand for balanced power supply.
Based on type, the thermal energy storage market has been categorized into pumped heat electrical storage ( ... Read more
The global thermal energy storage market is projected to grow at a CAGR of 11.0% to reach USD 6.20 Billion by 2022. The Middle East & African region is estimated to be the largest market, followed by Asia-Pacific. The trend is expected to continue till 2022. The growth of the thermal energy storage market is driven by rising impetus on renewable energy generation such as ... Read more
