Global Thermal Energy Storage (TES) Market to Reach $7.5 Billion by 2026
SAN FRANCISCO, Aug. 6, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Thermal Energy Storage (TES) - Global Market Trajectory & Analytics" .
- SAN FRANCISCO, Aug. 6, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Thermal Energy Storage (TES) - Global Market Trajectory & Analytics" .
- Of all the advanced energy storage technologies, thermal storage constitutes the low cost one which is also at the same time highly efficient.
- Amid the COVID-19 crisis, the global market for Thermal Energy Storage (TES) estimated at US$5.1 Billion in the year 2020, is projected to reach a revised size of US$7.5 Billion by 2026, growing at a CAGR of 6.6% over the analysis period.
- This segment currently accounts for a 25.7% share of the global Thermal Energy Storage (TES) market.