Thermal Storage Market Size, Share, Growth, Trends and Forecasts, 2015 To 2022: Grand View Research

Global thermal storage market has grown tremendously on account of the rising world population and corresponding demand for energy. Thermal storages provide a sustainable alternative to non-renewable energy resources’ usage. Temporary hoarding of heat facilitated by thermal storages is anticipated to remain a key driving factor for the global market expansion. Global energy usage is predominantly shifting towards renewable energy sources on account of rising energy costs, depletion of fossil fuels and growing importance of environmental protection and conservation. These dynamics are further expected to encourage the global thermal storages market growth.
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