Thermal Energy Storage Market to Be Hampered by High Upfront Investments
According to the report, in 2013, the global thermal energy storage market stood at US$627.6 million and is anticipated to touch US$1,818.8 million by the end of 2020, exhibiting a 16.7% CAGR from 2014 to 2020. In terms of installed capacity, the global thermal energy storage was at 2,038.3 MW in 2013 and is expected to be 6,070.2 MW by the end of 2020, showcasing a 17.1% CAGR from 2014 to 2020.The rising global need for reliable, efficient, and cost-competitive...
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