Press release
Global Thermal Energy Storage Market Analysis, Growth Drivers & Opportunities till 2020
A latest research report titled as “Thermal Energy Storage Market by Technology (Sensible Heat, Latent Heat, and Thermochemical) for Commercial and Industrial, Utilities, and Residential End Use Applications - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020” has been recently added to the vast portfolio of Market Research Reports Search Engine (MRRSE) online research offerings. This report is a professional and in-depth analysis on the present state and future prospect for the global market. It provides valuable information to the industry insiders, potential entrants or investors. It includes an exhaustive enquiry with the reliability of logic and the comprehensiveness of contents.Click here For Free Sample Report @ https://www.mrrse.com/sample/686
The concerns regarding surging fuel prices and the glaring ill effects of greenhouse gas emissions are necessitating the efforts to effectively employ renewable energy sources across the globe. The demand for advanced energy technologies is increasing due to depleting energy resources, coupled with a continuous rise in energy consumption. Advanced energy technologies help reduce the consumption of energy and increase energy supply by effectively utilizing renewable energy sources.
However, most renewable energy sources (solar and wind) are intermittent in nature. As a result, thermal energy storage (TES) technology is now being utilized effectively across the globe. For more than a decade, TES technologies have been used to store energy. These technologies are also used to shift peak energy use into off-peak hours. Applications of these technologies can range from seasonal storage of solar energy at high temperature levels to heating, ventilating, and air conditioning (HVAC) at low temperature levels.
The global market for thermal energy storage is highly concentrated in nature, with a few players occupying a significant share in the market. The future growth of this technology will depend on the regulatory structure in various potential country-wide markets across the globe. Rising at a healthy CAGR of 16.70% during the forecast period of 2014 to 2020, the global market for thermal energy storage is estimated to reach a valuation of US$1.8 bn by 2020.
Read Complete Report With Table of Content @ https://www.mrrse.com/thermal-energy-storage-market
Sensible Heat Segment Remains Dominant
In terms of installed capacity of thermal energy storage, sensible heat is currently the most prominent market segment by technology. In 2015, sensible heat accounted for a revenue of US$590.3 mn in the global thermal energy storage market. Although sensible heat will continue to be hold a significant position in the market during the forecast period, this segment is likely to lose market share by 2020. This is because sensible heat storage media have a low storage capacity per volume of the storage media. Additionally, the non-isothermal behavior of the material during heat storage and heat releasing processes will result in the decreasing market share of sensible heat storage over the forecast period.
However, advancements in thermal energy storage technology such as latent heat and thermochemical storage have led to a decrease in the share of sensible heat storage technology in the capacity installation mix. The ability of latent heat storage systems to provide density is the primary reason behind their increasing usage worldwide.
Other Regions Catching Up to North America’s Market Size
Valued at US$289.6 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.
The market for concentrated solar plants is relatively mature in North America. Additional installation of concentrated solar plants would create several growth opportunities for thermal storage systems in the near future. Concentrated solar plants with thermal energy storage technologies can shift power generation to hours when solar resources are not available. This can provide backup power during nighttime or when it is cloudy. The sensible heat storage market holds a considerable portion of the overall technologies installed in the region.
Enquire about this Report @ https://www.mrrse.com/enquiry/686
About Market Research Reports Search Engine (MRRSE)
Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
Contact Us
State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/
Read More Industry News At: https://www.industrynewsanalysis.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Thermal Energy Storage Market Analysis, Growth Drivers & Opportunities till 2020 here
News-ID: 961054 • Views: …
More Releases from Market Research Reports Search Engine - MRRSE

Global Video Event Data Recorder Market: Industry Analysis and Opportunity Asses …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Video Event Data Recorder Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
To Get Sample Report @ https://www.mrrse.com/sample/2941
The global video event data recorder (VEDR)…

Global Octabin Market key Insights Based On Product Type, End-use and Regional D …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Octabin Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
Get Sample Report with More Info @ https://www.mrrse.com/sample/16143
Packaging solutions for bulk cargo are gaining fast…

Global Ion Beam Technology Market Examines Latest Trends and Key Drivers Support …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled“Global Ion Beam Technology Market”to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
Click here – Request Sample Report @ https://www.mrrse.com/sample/3126
Application of ion beam was rarely found…

Cash- in Transit Bags Market 2025 | Global Key Players: TruSeal (Pty) Ltd, Harco …
This report on the Global Cash-in Transit Bags Market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, trends, and policies and regulations which are expected to influence the cash-in transit bags market growth during the said period.…
More Releases for North
Man and Van North London: Your Go-To Moving Solution in North London
North London, London - June 23, 2025 - Looking for a stress-free and efficient moving experience in North London? Look no further than Man and Van North London, the trusted, reliable moving service that's changing the way people approach relocation. Based in the heart of North London at 2 Abbotsbury, the team at Man and Van North London provides affordable, hassle-free moving services designed to fit every need.
Whether you're moving…
North America Biosimulation Market
The global biosimulation market is experiencing rapid expansion, driven by advancements in technology and the increasing demand for computational tools that can accelerate drug discovery, clinical trials, and regulatory processes. As of 2023, the market was valued at USD 3.5 billion and is projected to reach USD 14.1 billion by 2032, growing at a Compound Annual Growth Rate (CAGR) of 16.90% from 2024 to 2032.
Biosimulation, which involves the use of…
Entirewire Electrician North Canton Offers Top-Tier Electrical Services for Nort …
Image: https://www.getnews.info/wp-content/uploads/2024/09/1726505467.png
Entirewire Electrician North Canton provides high-quality electrical services to residential and commercial clients in North Canton, OH. Specializing in electrical panel replacement, repairs, and installations, their team of certified electricians ensures safe, reliable, and efficient solutions, making them a trusted choice for all electrical needs in the local community.
North Canton, OH - Entirewire Electrician North Canton continues to provide exceptional electrical services for residents and businesses in the…
Web Design North: Providing Exceptional Graphic Design Services in North Bay
Web Design North, a leading digital marketing and SEO agency, provides peerless graphic design services in North Bay.
Specific and highly effective digital solutions can help solve the challenges businesses encounter in reaching their target audience. With the combination of these solutions and the expertise of digital professionals, business owners can rest assured that they will make more progress and thrive among their competitors. Web Design North is a dedicated marketing…
Web Design North Offers Digital Marketing Services in North Bay, Canada
Web Design North is a reputable company that provides digital marketing solutions and website development services in Canada.
Web Design North is excited to debut its updated website, showcasing a more modern and user-friendly design. The new site features easy navigation, allowing potential clients to easily browse and learn about the company's services and view their impressive portfolio of work. As a leading web design company, Web Design North understands the…
Web Design North Now Offers North Bay Website Designing Services
Web Design North has successfully worked with businesses of all sizes across North America and internationally.
Web Design North, a leading digital marketing agency in Canada, is proud to announce its expertise in web designing and SEO marketing for businesses in various industries across the country. With a team of experienced professionals, Web Design North has helped numerous clients establish a strong online presence and drive significant traffic to their websites.…