Thermal Energy Storage Market Research Report by IMARC Group.com 2020-2025
The global thermal energy storage market is currently witnessing strong growth. Looking forward, IMARC Group expects the market to register a CAGR of 9.5% during 2020-2025. Thermal energy storage (TES) is a technology that assists in storing thermal energy using a heating or cooling storage medium. It also aids in providing better reliability, reducing overall costs and minimizing carbon dioxide (CO2) emissions. Owing to these advantages, TES is widely utilized in concentrating solar power (CSP) plants for generating electrical power. Request for a free sample copy of this report: https://www.imarcgroup.com/thermal-energy-storage-market/requestsample The growing consumption of electricity and the rising frequency of power cuts have escalated the need for continuous power supply across the globe. This, along with the increasing demand for TES systems in heating, ventilation, and air conditioning (HVAC), is driving the TES market growth. Additionally, increasing environmental consc