Thermal Energy Storage Market to Exceed $6.20 Billion by 2022
The thermal energy storage market is projected to grow from an estimated USD 3.67 Billion in 2017 to USD 6.20 Billion by 2022, at a CAGR of 11.0% from 2017 to 2022. Rising impetus on renewable energy generation such as concentrated solar power, increasing demand for thermal energy storage systems in HVAC, and government incentives for thermal energy storage systems are expected to drive the growth of thermal energy storage industry. High demand in CSP, especially in the Middle East...
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