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Thermal Energy Storage Industry key market players explores new markets in emerging nations
Thermal energy
For further inquiries, about Global Thermal Energy Storage Market enquire here >>>> https://www.progressivemarkets.com/enquiry-about-report/thermal-energy-storage-market
The global thermal energy storage market is expected to grow at a CAGR of 17.2% from 2017 to 2025.
TES systems are advantageous because they help in balancing energy demand and supply on a daily, weekly, and seasonal basis as well; reducing peak energy demand, energy consumption, CO2 emissions and costs; and increasing overall efficiency of energy systems.
The global thermal energy storage market is segmented based on type, technology, end-use, and geography. Based on type, the market is categorized into heat storage and solar storage systems. By technology, the market is categorized into sensible heat, latent heat, and thermochemical markets.
Market Dynamics:
Drivers:
• Growth in Variable Energy Sources (VES) is expected to drive the thermal energy storage market.
• Increasing desire for access to efficient, reliable, and price-competitive electricity is expected to fuel the demand for thermal energy storage market.
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Restraints:
• High upfront investment and grid interconnection barriers have hampered growth of the thermal energy storage market.
Market Players:
The top players in the global thermal energy storage market include Evapco, Inc., Abengoa Solar, Baltimore Aircoil Company, BrightSource Energy, Inc., Caldwell Energy, Calmac, FAFCO Thermal Storage Systems, Cristopia Energy Systems, Goss Engineering, Inc., and DC Pro Engineering LLC.
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