Transparency Market Research Thermal Energy Storage Market by Technology for Commercial and Industrial, Utilities, and Residential End Use Applications - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020 Published Date 2015-01-21 122 Page Report Buy Now Request Sample Press Release Thermal Energy Storage Capacity Installation is Estimated to Reach 6,070.2 MW by 2020 Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] Thermal Energy Storage Market REPORT DESCRIPTION Transparency Market Research has released a new market research report. According to the report, the global thermal energy storage installed capacity stood at 2,038.3 MW in 2013 and is anticipated to reach 6,070.2 MW by 2020, expanding at a CAGR of 17.1% from 2014 to 2020. In terms of revenue, the global thermal energy storage market was valued at USD 627.6 million in 2013 and is projected to reach USD 1,818.8 million by 2020, expanding at a CAGR of 16.7% between 2014 and 2020. Global demand for energy is increasing due to rising population. Improved standard of living also acts as a catalyst for demand for energy. Demand for primary energy is likely to increase at a rate of 1.6% p.a. from 2011 to 2030. Furthermore, energy-related environmental concerns such as stratospheric ozone depletion, increasing amount of carbon in the atmosphere, and acid precipitation are projected to rise in the near future. End-users are shifting to renewable energy sources due to the rise in energy costs and growing importance of environmental protection. Renewable energy sources, particularly solar and wind, are gaining importance as means to achieve higher efficient and environment-friendly energy. Browse the full Thermal Energy Storage Market report at http://www.transparencymarketresearch.com/thermal-energy-storage-market.html Renewable energy sources are time dependent in nature, i.e., they are not available throughout the day. Hence, it is difficult to utilize these sources to their full capacities. The time dependent and intermittent nature of renewable energy sources increases the need for energy storage devices. These devices are required to store energy during the availability hours and supply energy during the non-availability hours of renewable energy sources. Thermal energy storage is defined as the temporary holding of thermal energy for later usage. Sensible heat storage is expected to dominate the global thermal energy storage market during the forecast period. However, the market share of this technology is anticipated to decrease owing to their low storage capacity per volume of the storage medium and advancements in technologies such as latent heat and thermochemical storage. Latent heat and thermochemical storage technologies are being used increasingly across the globe, primarily due to their ability to provide high-energy storage density. The market for thermal energy storage based on the end-use application has been bifurcated into commercial and industrial, utilities, and residential segments. Commercial and industrial accounted for majority of the market share in 2013. Rising demand for backup power supplies coupled with increasing energy prices is Transparency Market Research 2 Thermal Energy Storage Market driving growth in this segment. The future of the thermal energy storage technology is dependent on regulatory framework and structures. Browse the full Thermal Energy Storage Market Press Release at http://www.transparencymarketresearch.com/pressrelease/thermal-energy-storagemarket.htm Europe accounted for the largest market share in terms of thermal energy storage capacity installations in 2013. The European Union’s strong emphasis on energy efficiency and growing share of renewable energy generation has resulted in significant increase in the total thermal storage installed capacity in the region. Europe is likely to add nearly 1,307.0 MW of capacities by 2020. Higher investments in solar thermal energy would drive growth in the region. North America is a relatively mature market and is likely to exhibit moderate to high growth during the forecast period. Increasing need for energy efficient and sustainable future is estimated to boost the thermal energy storage market in Asia Pacific. Countries in the Middle East and Africa have set aggressive targets to expand the share of renewable energy sources in the overall power generation portfolio. This is likely to play a key role in the growth of the thermal energy storage market in RoW. Key players in the market include CALMAC, EVAPCO, Inc., Chicago Bridge & Iron Company (CB&I), and Goss Engineering, Inc. The report also profiles market players such as Abengoa Solar, S.A., Baltimore Aircoil Company, BrightSource Energy, Inc., Burns & McDonnell, Caldwell Energy, FAFCO Thermal Storage Systems, Ice Lings, Steffes Corporation, and TAS Energy. The research study has been segmented as below: Global Thermal Energy Storage Market: Technology Segment Sensible Heat Latent Heat Thermochemical Heat Global Thermal Energy Storage Market: End-use Segment Commercial and Industrial Utilities Transparency Market Research 3 Thermal Energy Storage Market Residential Global Thermal Energy Storage Market: Regional Analysis North America Europe Asia Pacific Rest of the World (RoW) Table of Contents Chapter 1 Preface 1.1 Report Description 1.2 Research Scope 1.3 Market Segmentation 1.4 Research Methodology Chapter 2 Executive Summary Chapter 3 Global Thermal Energy Storage Market – Industry Analysis 3.1 Introduction 3.2 Value Chain Analysis 3.3 Market Dynamics 3.3.1 Market Drivers Transparency Market Research 4 Thermal Energy Storage Market 3.3.1.1 Growth in Variable Energy Sources (VES) Drives Adoption of Thermal Energy Storage Technologies 3.3.1.2 Deferral of Transmission and Distribution Upgrades through the Deployment of Thermal Energy Storage Technologies 3.3.1.3 Increasing Desire for Access to Efficient, Reliable, and Price-Competitive Electricity Propels Growth in the Market 3.3.2 Market Restraints 3.3.2.1 High Upfront Investment and Grid Interconnection Barriers Hamper Growth of the Market 3.3.3 Market Opportunity 3.3.3.1 Latent Heat Storage Advancing as an Emerging Application Area of Thermal Energy Storage Systems 3.4 Porter’s Five Forces Analysis 3.4.1 Bargaining Power of Suppliers 3.4.2 Bargaining Power of Buyers 3.4.3 Threat from Substitutes 3.4.4 Threat from New Entrants 3.4.5 Degree of Competition 3.5 Market Attractiveness Analysis 3.5.1 Market Attractiveness Analysis of Global Thermal Energy Storage Market, by Technology Segment, 2013 3.5.2 Market Attractiveness Analysis of Global Thermal Energy Storage Market, by Regional Segment, 2013 3.6 Company Market Share Analysis 3.6.1 Global Thermal Energy Storage Market: Company Market Share Analysis, 2013 Chapter 4 Global Thermal Energy Storage Market – List and Analysis of Thermal Energy Storage Project 4.1 List of Thermal Energy Storage Projects by Technology, by Country, 2013 4.2 List of Thermal Energy Storage Projects by Installation Type, by Country, by 2013 Transparency Market Research 5 Thermal Energy Storage Market Chapter 5 Global Thermal Energy Storage Market – Technology Segment Analysis 5.1 Global Thermal Energy Storage Market: Technology Segment Overview 5.1.1 Global Thermal Energy Storage Capacity Installation Estimates and Forecast, by Technology Segment, 2013 & 2020, (MW) 5.2 Sensible Heat 5.2.1 Global Sensible Heat Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional Segment, 2013 & 2020, (MW) 5.2.2 Global Sensible Heat Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) 5.2.3 Global Sensible Heat Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, by Regional Segment, 2013 – 2020, (MW) (USD Million) 5.3 Latent Heat 5.3.1 Global Latent Heat Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional Segment, 2013 & 2020, (MW) 5.3.2 Global Latent Heat Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) 5.3.3 Global Latent Heat Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, by Regional Segment, 2013 – 2020, (MW) (USD Million) 5.4 Thermochemical 5.4.1 Global Thermochemical Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional Segment, 2013 & 2020, (MW) 5.4.2 Global Thermochemical Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) 5.4.3 Global Thermochemical Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, by Regional Segment, 2013 – 2020, (MW) (USD Million) Chapter 6 Global Thermal Energy Storage Market – End Use Segment Analysis 6.1 Global Thermal Energy Storage Market: End Use Segment Overview Transparency Market Research 6 Thermal Energy Storage Market 6.1.1 Global Thermal Energy Storage Capacity Installation Estimates and Forecast, by End Use Segment, 2013 & 2020, (MW) 6.2 Commercial and Industrial 6.2.1 Global Commercial and Industrial Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional Segment, 2013 & 2020, (MW) 6.2.2 Global Commercial and Industrial Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) 6.2.3 Global Commercial and Industrial Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, by Regional Segment, 2013 – 2020, (MW) (USD Million) 6.3 Utilities 6.3.1 Global Utilities Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional Segment, 2013 & 2020, (MW) 6.3.2 Global Utilities Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) 6.3.3 Global Utilities Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, by Regional Segment, 2013 – 2020, (MW) (USD Million) 6.4 Residential 6.4.1 Global Residential Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional Segment, 2013 & 2020, (MW) 6.4.2 Global Residential Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) 6.4.3 Global Residential Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, by Regional Segment, 2013 – 2020, (MW) (USD Million) Chapter 7 Global Thermal Energy Storage Market – Regional Analysis 7.1 Global Thermal Energy Storage Market: Regional Overview 7.1.1 Global Thermal Energy Storage Capacity Installation Estimates and Forecast, by Region, 2013 & 2020, (MW) 7.2 North America Transparency Market Research 7 Thermal Energy Storage Market 7.2.1 North America Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) 7.2.2 North America Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, by Technology Segment, 2013 – 2020, (MW) (USD Million) 7.2.3 North America Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, by End Use Segment, 2013 – 2020 (MW) (USD Million) 7.3 Europe 7.3.1 Europe Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) 7.3.2 Europe Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, by Technology Segment, 2013 – 2020, (MW) (USD Million) 7.3.3 Europe Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, by End Use Segment, 2013 – 2020, (MW) (USD Million) 7.4 Asia Pacific 7.4.1 Asia Pacific Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) 7.4.2 Asia Pacific Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, by Technology Segment, 2013 – 2020, (MW) (USD Million) 7.4.3 Asia Pacific Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, by End Use Segment, 2013 – 2020, (MW) (USD Million) 7.5 Rest of the World (RoW) 7.5.1 Rest of the World (RoW) Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) 7.5.2 Rest of the World (RoW) Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, by Technology Segment, 2013 – 2020, (MW) (USD Million) 7.5.3 Rest of the World (RoW) Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, by End Use Segment, 2013 – 2020, (MW) (USD Million) Chapter 8 Company Profiles 8.1 Abengoa Solar, S.A. Transparency Market Research 8 Thermal Energy Storage Market 8.1.1 Company Overview 8.1.2 Financial Overview 8.1.3 Business Strategy 8.1.4 Recent Developments 8.2 Baltimore Aircoil Company 8.2.1 Company Overview 8.2.2 Financial Overview 8.2.3 Business Strategy 8.2.4 Recent Developments 8.3 BrightSource Energy, Inc. 8.3.1 Company Overview 8.3.2 Financial Overview 8.3.3 Business Strategy 8.3.4 Recent Developments 8.4 Burns & McDonnell 8.4.1 Company Overview 8.4.2 Financial Overview 8.4.3 Business Strategy 8.4.4 Recent Developments 8.5 Caldwell Energy 8.5.1 Company Overview 8.5.2 Financial Overview 8.5.3 Business Strategy 8.5.4 Recent Developments Transparency Market Research 9 Thermal Energy Storage Market 8.6 CALMAC 8.6.1 Company Overview 8.6.2 Financial Overview 8.6.3 Business Strategy 8.6.4 Recent Developments 8.7 Chicago Bridge & Iron Company (CB&I) 8.7.1 Company Overview 8.7.2 Financial Overview 8.7.3 Business Strategy 8.7.4 Recent Developments 8.8 EVAPCO, Inc. 8.8.1 Company Overview 8.8.2 Financial Overview 8.8.3 Business Strategy 8.8.4 Recent Developments 8.9 FAFCO Thermal Storage Systems 8.9.1 Company Overview 8.9.2 Financial Overview 8.9.3 Business Strategy 8.9.4 Recent Development 8.10 Goss Engineering, Inc. 8.10.1 Company Overview 8.10.2 Financial Overview 8.10.3 Business Strategy Transparency Market Research 10 Thermal Energy Storage Market 8.10.4 Recent Developments 8.11 Ice Lings 8.11.1 Company Overview 8.11.2 Financial Overview 8.11.3 Business Strategy 8.11.4 Recent Developments 8.12 Steffes Corporation 8.12.1 Company Overview 8.12.2 Financial Overview 8.12.3 Business Strategy 8.12.4 Recent Development 8.13 TAS Energy 8.13.1 Company Overview 8.13.2 Financial Overview 8.13.3 Business Strategy 8.13.4 Recent Developments List of Figures FIG. 1 Global Thermal Energy Storage Market: Market Segmentation FIG. 2 Global Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020 (MW) (USD Million) FIG. 3 Value Chain Analysis: Global Thermal Energy Storage Market FIG. 4 Global Net Electricity Generation by Fuel, 2013–2020, (Trillion kWh) FIG. 5 Global Thermal Energy Storage Market: Porter’s Five Forces Analysis FIG. 6 Market Attractiveness Analysis of Global Thermal Energy Storage Market, by Technology Segment, 2013 Transparency Market Research 11 Thermal Energy Storage Market FIG. 7 Market Attractiveness Analysis of Global Thermal Energy Storage Market, by Regional Segment, 2013 FIG. 8 Company Market Share of Global Thermal Energy Storage Market, 2013 FIG. 9 Global Thermal Energy Storage Capacity Installation Estimates and Forecast, by Technology Segment, 2013 & 2020, (MW) FIG. 10 Global Sensible Heat Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional Segment, 2013 & 2020, (MW) FIG. 11 Global Sensible Heat Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) FIG. 12 Global Latent Heat Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional Segment, 2013 & 2020, (MW) FIG. 13 Global Latent Heat Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) FIG. 14 Global Thermochemical Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional Segment, 2013 & 2020, (MW) FIG. 15 Global Thermochemical Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) FIG. 16 Global Thermal Energy Storage Capacity Installation Estimates and Forecast, by End Use Segment, 2013 & 2020, (MW) FIG. 17 Global Commercial and Industrial Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional Segment, 2013 & 2020, (MW) FIG. 18 Global Commercial and Industrial Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) FIG. 19 Global Utilities Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional Segment, 2013 & 2020, (MW) FIG. 20 Global Utilities Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) FIG. 21 Global Residential Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional Segment, 2013 & 2020, (MW) FIG. 22 Global Residential Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) Transparency Market Research 12 Thermal Energy Storage Market FIG. 23 Global Thermal Energy Storage Capacity Installation Estimates and Forecast, by Region, 2013 & 2020, (MW) FIG. 24 North America Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) FIG. 25 Europe Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) FIG. 26 Asia Pacific Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) FIG. 27 Rest of the World (RoW) Thermal Energy Storage Capacity Installation and Market Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million) List of Tables TABLE 1 Global Thermal Energy Storage Market Snapshot TABLE 2 Market Drivers of Global Thermal Energy Storage Market: Impact Analysis TABLE 3 Market Restraints of Global Thermal Energy Storage Market: Impact Analysis TABLE 4 Market Opportunity of Global Thermal Energy Storage Market: Impact Analysis TABLE 5 List of Thermal Energy Storage Projects by Technology, by Country, 2013 TABLE 6 List of Thermal Energy Storage Projects by Installation Type, by Country, by 2013 TABLE 7 Global Sensible Heat Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional Segment, 2013 – 2020, (MW) TABLE 8 Global Sensible Heat Thermal Energy Storage Market Revenue Estimates and Forecast, by Regional Segment, 2013 – 2020, (USD Million) TABLE 9 Global Latent Heat Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional Segment, 2013 – 2020, (MW) TABLE 10 Global Latent Heat Thermal Energy Storage Market Revenue Estimates and Forecast, by Regional Segment, 2013 – 2020, (USD Million) TABLE 11 Global Thermochemical Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional Segment, 2013 – 2020, (MW) TABLE 12 Global Thermochemical Thermal Energy Storage Market Revenue Estimates and Forecast, by Regional Segment, 2013 – 2020, (USD Million) Transparency Market Research 13 Thermal Energy Storage Market TABLE 13 Global Commercial and Industrial Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional Segment, 2013 – 2020, (MW) TABLE 14 Global Commercial and Industrial Thermal Energy Storage Market Revenue Estimates and Forecast, by Regional Segment, 2013 – 2020, (USD Million) TABLE 15 Global Utilities Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional Segment, 2013 – 2020, (MW) TABLE 16 Global Utilities Thermal Energy Storage Market Revenue Estimates and Forecast, by Regional Segment, 2013 – 2020, (USD Million) TABLE 17 Global Residential Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional Segment, 2013 – 2020, (MW) TABLE 18 Global Residential Thermal Energy Storage Market Revenue Estimates and Forecast, by Regional Segment, 2013 – 2020, (USD Million) TABLE 19 North America Thermal Energy Storage Capacity Installation Estimates and Forecast, by Technology Segment, 2013 – 2020, (MW) TABLE 20 North America Thermal Energy Storage Market Revenue Estimates and Forecast, by Technology Segment, 2013 – 2020, (USD Million) TABLE 21 North America Thermal Energy Storage Capacity Installation Estimates and Forecast, by End Use Segment, 2013 – 2020, (MW) TABLE 22 North America Thermal Energy Storage Market Revenue Estimates and Forecast, by End Use Segment, 2013 – 2020, (USD Million) TABLE 23 Europe Thermal Energy Storage Capacity Installation Estimates and Forecast, by Technology Segment, 2013 – 2020, (MW) TABLE 24 Europe Thermal Energy Storage Market Revenue Estimates and Forecast, by Technology Segment, 2013 – 2020, (USD Million) TABLE 25 Europe Thermal Energy Storage Capacity Installation Estimates and Forecast, by End Use Segment, 2013 – 2020, (MW) TABLE 26 Europe Thermal Energy Storage Market Revenue Estimates and Forecast, by End Use Segment, 2013 – 2020, (USD Million) TABLE 27 Asia Pacific Thermal Energy Storage Capacity Installation Estimates and Forecast, by Technology Segment, 2013 – 2020, (MW) Transparency Market Research 14 Thermal Energy Storage Market TABLE 28 Asia Pacific Thermal Energy Storage Market Revenue Estimates and Forecast, by Technology Segment, 2013 – 2020, (USD Million) TABLE 29 Asia Pacific Thermal Energy Storage Capacity Installation Estimates and Forecast, by End Use Segment, 2013 – 2020, (MW) TABLE 30 Asia Pacific Thermal Energy Storage Market Revenue Estimates and Forecast, by End Use Segment, 2013 – 2020, (USD Million) TABLE 31 Rest of the World (RoW) Thermal Energy Storage Capacity Installation Estimates and Forecast, by Technology Segment, 2013 – 2020, (MW) TABLE 32 Rest of the World (RoW) Thermal Energy Storage Market Revenue Estimates and Forecast, by Technology Segment, 2013 – 2020, (USD Million) TABLE 33 Rest of the World (RoW) Thermal Energy Storage Capacity Installation Estimates and Forecast, by End Use Segment, 2013 – 2020, (MW) TABLE 34 Rest of the World (RoW) Thermal Energy Storage Market Revenue Estimates and Forecast, by End Use Segment, 2013 – 2020, (USD Million) Get Free Sample Report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2101 We are currently offering a flat 15% discount on all purchases until end of the March 2015! About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. Transparency Market Research 15 Thermal Energy Storage Market We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/ Transparency Market Research 16
In a recent market research report concerning the global thermal energy storage market Transparency Market Research zeroes in on the area of latent heat storage as the one with the most lucrative growth opportunities. The report states that the global market will exhibit an exponential 16.70% CAGR from 2014 through 2020 and rise to a valuation of US$1.8 bn by 2020, from US$0.6 bn in 2013.The report is titled “Thermal Energy Storage Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020” and is available for sale on the company’s website. Download Free exclusive Sample of this report : http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2101
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