Thermal Energy Storage Market Likely to Boost Future Growth by 2025
The global Thermal
Energy Storage Market size is projected to reach USD 369 million by 2025,
at a CAGR of 14.4%, from an estimated USD 188 million in 2020. The growth of
the thermal energy storage market is majorly driven by increasing demand for
energy storage technologies, rising number of CSP projects, and increasing HVAC
applications.
Thermal energy storage in concentrating
solar power (CSP)...
Lithium Iron Phosphate Batteries Market is Expected to Register a Considerable Growth by 2024
Lithium Iron Phosphate Batteries Market Scenario:
The lithium iron phosphate batteries market size is expected to grow from an estimated USD 8.3 billion in 2019 to USD 10.6 billion by 2024, at a CAGR of 5.0%. Rising demand for electric and hybrid electric vehicles and high requirement of renewable energy storage are driving the lithium iron phosphate batteries industry.
Key Market Players:
Key...
Distributed Energy Resource Management System Market Trends Boost Value Demand for Related Technology
Distributed Energy Resource Management System Market Scenario:
The distributed energy resource management system market is expected to grow from an estimated USD 291.1 Million in 2017 to USD 603.6 Million by 2022, registering a CAGR of 15.70%, from 2017 to 2022.
The global market is set to witness a significant growth due to the increasing share of renewable energy in the total energy...
Meter Data Management System Market to Grow at Fastest Rate of 20.48% during 2018-2023
The global Meter
Data Management System Market is projected to reach $428 million by 2023
from an estimated $169 million in 2018, at a CAGR of 20.48% from 2018 to 2023.
This growth can be attributed to the increased government policies and
supportive mandates for smart meter installations and need for accurate utility
bill generation.
The electricity
segment is expected to be the fastest growing...
Advanced Energy Storage Systems Market to grow $19.04 Billion by 2022
The global advanced energy storage systems market to grow from USD 12.7 billion in 2017 to USD 19.0
billion by 2022, at a Compound Annual Growth Rate (CAGR) of 8.4%
during 2017 to 2022. The growth of the advanced energy storage systems
market is attributed to increasing renewable energy investments and growth in
the electric vehicles market globally and regulatory changes demanding energy
efficiency.
The...
Thermal Energy Storage Market Size to Reach $369 Million by 2025
According to the new market research report “Thermal
Energy Storage Market by Technology (Sensible, Latent,
Thermochemical), Storage Material (Water, Molten Salts, PCM), Application
(Power Generation, District Heating & Cooling, Process Heating &
Cooling), End User and Region – Global Forecast to 2025″, published by
MarketsandMarkets™, the global Thermal Energy Storage...
Electric Fuse Market worth To Observe Exponential Growth By 2018-2023
The global electric fuse market is projected to reach USD 4.3 billion by 2023 from an estimated USD 3.5 billion in 2018, at a CAGR of 4.24%. This growth can be attributed to growing investments in renewable and energy storage, increasing investments in T&D infrastructure plans, and revival of investments in construction sector.
The medium voltage segment is expected to
hold the...