Thermal energy storage market to Set Phenomenal Growth by 2027 - PowerPoint PPT Presentation

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Thermal energy storage market to Set Phenomenal Growth by 2027


Thermal energy storage market to Set Phenomenal Growth by 2027 – PowerPoint PPT presentation

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Title: Thermal energy storage market to Set Phenomenal Growth by 2027

Thermal Energy Storage Market
  • Global Industry Analysis, Size, Share, Growth,
    Trends and Forecast, 2020

About Us
  • Transparency Market Research (TMR) is a market
    intelligence company, providing North America
    business information reports and services. Our
    exclusive blend of quantitative forecasting and
    trends analysis provides forward-looking insight
    for thousands of decision-makers. We have an
    experienced team of Analysts, Researchers, and
    Consultants, who use proprietary data sources and
    various tools and techniques to gather and
    analyze information. Our business offerings
    represent the latest and the most reliable informa
    tion indispensable for businesses to sustain a
    competitive edge.
  • Each TMR Syndicated Research report covers a
    different sectorsuch as pharmaceuticals,
    chemical, energy, food beverages,
    semiconductors, med-devices, consumer goods, and
    technology. These reports provide in-depth
    analysis and deep segmentation to possible micro
    levels. With a wider scope and stratified
    research methodology, our syndicated reports
    strive to serve clients and satisfy their overall
    research requirement.

Asia Pacific to Continue to Lead
  • In terms of the geography, the global market for
    thermal energy storage is led by North America.
    The regional market generated a revenue of
    US289.6 mn in 2015.
  • This regional market, although expected to
    continue to lead in the near future, will slow
    down a bit due to its maturity.
  • On the other hand, Asia Pacific will register a
    significant growth pace over the next few years,
    thanks to the presence of ample untapped
  • Other regions are also expected to report a
    steady rise in their respective markets for
    energy storage in the near future, states the
    research study.

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Other Regions Catching Up to North Americas
Market Size
Valued at US289.6 mn, North America accounted
for the leading share in the market for thermal
energy storage in 2015, and is expected to remain
the dominant region. Nevertheless, Asia Pacific
is estimated for the most robust CAGR through
2020. North America is a relatively mature market
characterized by low regulatory framework for
thermal energy storage technologies. Recent and
ongoing improvements in solar thermal generation
technologies, along with the increasing demand
for renewable energy sources in the region, are
expected to create additional interest in thermal
energy storage technologies in the near future.
Rising Demand for Renewable Energy to Support
  • The significant rise in the demand for renewable
    energy, on account of the growing concerns over
    the surging fuel prices and the ill effects of
    greenhouse gas emissions, is boosting the growth
    of the global market for thermal energy storage,
    says a TMR analyst.
  • The rising demand for advanced energy
    technologies, owing to depleting energy
    resources, is also supporting the growth of this
    market, remarkably. 

Some of the leading players operating in the
  • Chicago Bridge Iron Company (CBI)
  • Goss Engineering, Inc.

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