Thermal Energy Storage Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2014 – 2020
122 Page Report
Thermal Energy Storage Market to be Hampered by High Upfront
Transparency Market Research
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Thermal Energy Storage Market
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 :
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