Global Thermal Energy Storage Market 2018-2022
About Thermal Energy Storage
Thermal energy storage is a technology that allows the transfer and storage of heat energy using mediums like ice, water, molten salt, or cold air. This technology is used to complement energy solutions like solar, hydropower, or wind. Thermal energy storage is used to utilize the heat that would otherwise be wasted, for future heating and cooling purposes or to meet the required power demand of customers.
Technavio’s analysts forecast the global thermal energy storage market to grow at a CAGR of 5.85% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global thermal energy storage market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
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