Market Research Insights

San Francisco, 16 May 2023:  The Report  Thermal Energy Storage Market  Size, Share & Trends Analysis Report By Product Type, By Technology, By Storage Material, By Application, By End User, By Region, And Segment Forecasts, 2020 - 2027 The global thermal energy storage market size is expected to reach USD 7.74 billion by 2027, expanding at a CAGR of 9.45% from 2020 to 2027, according to a new report by Grand View Research, Inc. Rising demand for cost competitive and efficient energy sources is likely to boost the market growth over the forecast period. The market is primarily driven by the use of thermal energy storage as a major renewable option for electricity generation. Heat stored by seasonal and short-term thermal energy storage systems helps balance the variations in the production and distribution of renewable electricity in a cost-effective manner. Moreover, it is a sustainable energy source and causes no adverse environmental impact. Growing adoption of renewable energy

San Francisco, 9 December 2019:  The Report   Thermal Energy Storage Market   Analysis By Type (Sensible Heat Storage, Latent Heat Storage, Thermochemical Heat Storage), By Technology, By Storage Material, By Application, By End-use, And Segment Forecasts, 2018 – 2025 The global thermal energy storage market is expected to reach USD 12.50 billion by 2025, according to a new report by Grand View Research, Inc. Increasing demand for access to efficient and cost competitive energy sources is expected to favor market growth.  Thermal energy storage is considered to be the primary renewable option for electricity generation. Heat stored by short term and seasonal thermal energy storage systems are extremely helpful in balancing the variations in renewable electricity production & distribution, in a cost effective manner. It causes no adverse impact on the environment and is a sustainable source of energy. The renewable energy demand has increased from various countries in