Thermal Energy Storage Market Revenue Share Analysis, Region & Country Forecast, 2030
Thermal Energy Storage Market Overview: The market research that has been made on thermal energy storage shows a potential growth of USD 11.21 billion with a CAGR of 17% during the forecast timeline which is till 2030. There are many government initiatives that have increased over the past few years for the thermal energy storage system. It is one of the reasons why the demand for such market has increased in the forecast timeline. The thermal energy storage system can be installed as per the user's need. The flexibility has been gaining more attention from the end users. There is a centralized system that is used in mass industrial plants to heat and cool networks It can be blended well with power plants and heat to use as much energy storage as possible. The decentralized thermal energy storage solution is optimized for commercial and domestic purposes and can also be used to heat the space and boil water or condition the air. There has been a significant rise in th...