Thermal Energy Storage Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2020

Transparency Market

Research

Thermal Energy Storage Market - Global Industry Analysis, Size,

Share, Growth, Trends, and Forecast 2014 – 2020

Published Date

21-01-2015

122 Page Report

Buy Now

Request Sample

Press Release

Thermal Energy Storage Market to be Hampered by High Upfront

Investments

Transparency Market Research

State Tower,

90, State Street, Suite 700.

Albany, NY 12207

United States

www.transparencymarketresearch.com

sales@transparencymarketresearch.com

Thermal Energy Storage Market

REPORT DESCRIPTION

Transparency Market Research (TMR) has recently published a new market research report titled “Thermal

Energy Storage Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020”.

According to the report, in 2013, the global thermal energy storage market stood at US$627.6 million and

is anticipated to touch US$1,818.8 million by the end of 2020, exhibiting a 16.7% CAGR from 2014 to

2020. In terms of installed capacity, the global thermal energy storage was at 2,038.3 MW in 2013 and is

expected to be 6,070.2 MW by the end of 2020, showcasing a 17.1% CAGR from 2014 to 2020.The rising

global need for reliable, efficient, and cost-competitive electricity is propelling the growth of the global

thermal energy storage market. However, grid interconnection and requirement of high upfront investment

is the restraining factor for this market.

Browse the full Thermal Energy Storage Market report at :

http://www.transparencymarketresearch.com/thermal-energy-storage-market.html

The global thermal energy storage market has been categorized according to the technology used in the

system into the segments of latent heat, thermochemical heat, and sensible heat. Sensible heat

technology is used widely in the current market scenario and is anticipated to lead the global thermal

energy storage market between 2014 and 2020. Nevertheless, the market share of sensible heat storage

technology is...