The Thermal Energy Storage (TES) market is growing at a moderate rate with significant growth rates over the past few years and the market is projected to grow significantly during the forecast period, i.e. 2021 to 2027.
Changing preferences for renewable energy generation, such as concentrated solar power generation, increasing demand for thermal energy storage systems in HVAC, and government incentives for thermal energy storage systems are expected to drive the growth of the thermal energy storage industry. The growing demand for enhanced energy efficiency coupled with continued energy utilization efforts will have a positive impact on the demand for thermal energy storage.
A full report of Thermal Energy Storage (TES) Market available at: https://www.orionmarketreports.com/thermal-energy-storage-tes-market/57904/
Major Players: The major players in the market are SolarReserve, Calmac, Abengoa Solar, BrightSource Energy, Ice Energy, Brenmiller Energy, Terrafore Technologies, Aalborg, Cristopia Energy Systems, SunCan, SaltX Technology Holding, Cryogel.
Thermal Energy Storage (TES) Market- Segmentation
By Product
• Sensible Heat Regenerative
• Latent Heat Storage
• Thermochemical Mode
By Application
• Residential
• Industrial
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