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The Global Thermal Energy Storage Market is expected to reach US$ 6.2 Bn by 2025, expanding at a CAGR of 11.0% during the forecast period 2017 - 2025.
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“Thermal Energy Storage Market- Growth, Share, Opportunities & Competitive Analysis, 2018 -2026” Sample Request Buy Now E-mail: sales@credenceresearch.com Ph: 1-800-361-8290 Web: http://www.credenceresearch.com
CREDENCE RESEARCH According to a new market report published by Credence Research, Inc. “Thermal Energy Storage Market By Architecture (Hardware Architecture, Software Architecture, Service Architecture), By Hardware (Communication System, Remote Terminal Unit, Programmable Logic Controller, Other Hardware), By Service (Consulting, Implementation & Integration, Repair & Maintenance), By End-user (Public Sector, Oil & Gas, Manufacturing, Energy & Utility, Transportation, Healthcare, Telecom) - Growth, Share, Opportunities & Competitive Analysis, 2016 -2023”, the global Thermal Energy Storage market is expected to witness a steady growth, expanding at a CAGR of over 8% from 2016 to 2023. Browse the Thermal Energy Storage Market- Growth, Share, Opportunities & Competitive Analysis, at https://www.credenceresearch.com/report/thermal-energy-storage-market 2016 -2023 report Market Insights Thermal energy storage market is expected to witness robust growth with increasing spending on renewable energy including wind and solar owing to rising concerns over the emission of greenhouse gases promoting the use of solar and wind energy. Revision in emission targets at Paris Climate Change Conference, Credence Research
CREDENCE RESEARCH impelling the investment in the solar and wind energy projects across various economies of the globe. In 2016, more than 54 GW of wind energy was added across various countries of the world to reach cumulative world wind power capacity of 486.8 GW. Similarly, global solar power generation also witness robust growth in capacity addition of solar power. In 2016, 50 GW solar power capacity was added global across the globe. Globally, now cumulative solar power capacity is about 305 GW with highest growth in new capacity addition of 29% of the Europe new solar capacity addition. Followed by it, Germany stood at second place with 21% share in Europe new capacity addition and France with 8.3% share in Europe new solar power capacity addition......... For Same Category Reports: https://www.credenceresearch.com/industry/energy- and-power-market Competitive Insights: Global thermal energy storage market is segmented on the basis of technology, storage material, end user and geography. By technology, sensible technology segment was the most dominant segment in global thermal energy storage market in 2016 and anticipated to continue its dominance over the forecast period. Increasing application of sensible technology such as underground storage of sensible heat in both liquid and solid storage medium is also used for various applications including district heating and cooling systems. Based on storage material, molten salt material segment accounted for the largest share in global thermal energy storage market owing increasing use of molten salts based technology is projected to drive the growth of the segment during the forecast period...... Key Trends: Introduction of Cloud-based Thermal Energy Storage solutions and services has become an major trend fueling the market growth Increasing number of strategic partnership among major players Growing deployment of smart water network Browse the Thermal Energy Storage Market- Growth, Share, Opportunities & Competitive Analysis, at https://www.credenceresearch.com/report/thermal-energy-storage-market 2016 -2023 report Credence Research
CREDENCE RESEARCH Blog: NewsAmaze Latest Reports: Mining Chemicals Market: https://www.credenceresearch.com/report/mining- chemicals-market About: Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for- benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared for this task. Media Contact Name: Chris Smith Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US E-mail: sales@credenceresearch.com Ph: 1-800-361-8290 Web: http://www.credenceresearch.com Credence Research