Press release
Global Thermal Energy Storage Market Report
According to a new market research report published by Global Market Estimates, the Global Thermal Energy Storage Market is apprehended to interpret the surpassing enlargement of CAGR of 14.43% through the outlook term (2020-2026). Thermal energy can be designated as the storage of thermal energy for the eventual resolution. This process is an efficient and speedier approach for energy transmission without a chemical reformation. The outline includes hot and cold storage form for more salutary utilization of energy. It is extensively applicable to renewable energy power plants. During the COVID-19, there has been a drastic drop in the CO2 emissions by industries due to global lockdown concerning safety concerns. This shift has proffered optimism to embrace modern energy storage solutions by regulatory bodies to combat climate change bolstering the balance between the ecosystem. Swift industrialization, ministry actions for better energy consumption, and an increment in pollutants are the primary stokers of the market.Browse 159 Market Data Tables and 108 Figures spread through 209 Pages on "Thermal Energy Storage Market - Forecasts to 2026" https://www.globalmarketestimates.com/market-report/xx
By Type of Technology (Sensible Heat Storage, Latent Heat Storage, and Thermochemical Storage), By Type of Storage Material (Water, Molten Salts, Phase Change Materials, and Other Storage Materials), By Type of Application (Power Generation, District Heating & Cooling, and Process Heating & Cooling), By Type of End-User (Utilities, Commercial, and Industrial), By Type of Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis
Key Market Insights:
• The thermal energy storage market will show tremendous growth with a CAGR value of 14.43 % during 2020-2026.
• Molten salts are seen to dominate the market from 2020 to 2026.
• Power generation is witnessed to rise at a significant rise in CAGR% in the thermal energy storage market.
• Amongst all the regions across the globe, Europe is expected to have the highest growth over the coming years.
The principal competitors in the global thermal energy storage market are Abengoa Solar S.A., Burns & McDonnell, SolarReserve Inc., BrightSource Energy Inc., Calmac, MAN Energy Solutions, Baltimore Air Coil Technology Inc., Cristopia Energy Systems, Cryogel, Caldwell Energy, Dunham Bush Ltd., Goss Engineering Inc., Steffes Corporation, DN Tanks Inc., Turbine Air Systems Energy Inc., Evapco Inc., FAFCO Inc., Sunwell Tehnologies Inc., DCPro Engineering L.L.C., Chicago Bridge & Iron Company, LIME, and multiple companies.
Browse the thermal energy storage market report @ https://www.globalmarketestimates.com/market-report/xx
• Type of Technology Outlook (Revenue, USD Million, 2020 - 2026)
• Sensible Heat Storage
• Latent Heat Storage
• Thermochemical Storage
• Type of Storage Material Outlook (Revenue, USD Million, 2020 - 2026)
• Water
• Molten Salts
• Phase Change Materials
• Other Storage Material
• Type of Application Outlook (Revenue, USD Million, 2020 - 2026)
• Power Generation
• District Heating & Cooling
• Process Heating & Cooling
• Type of End-User Outlook (Revenue, USD Million, 2020 - 2026)
• Utilities
• Commercial
• Industrial
• Regional Outlook (Revenue, USD Million, 2020 - 2026)
• North America
o The U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Spain
o Italy
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o South Korea
o Australia
o Rest of APAC
• Central & South America
o Brazil
o Argentina
o Chile
o Rest of CSA
• Middle East & Africa
o Saudi Arabia
o South Africa
o UAE
o Rest of MEA
Contact: Yash Jain
Email address: sales@globalmarketestimates.com
Phone Number: +16026667238
Website: https://www.globalmarketestimates.com/
Check our Latest Blogs: https://www.globalmarketestimates.com/blog-posts.php
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Global Market Estimates is an India based market research and consulting company. The company provides syndicated research reports, customised research reports and consulting services to their clients and helps them achieve their business goals on a commercial level. Global Market Estimates database is used by the world's well known and prolific academic institutions and Fortune 500 companies to understand the global and regional business environment to excel in their business goals.
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