/PRNewswire/ The "District Cooling - Global Strategic Business Report" report has been added to ResearchAndMarkets.com s offering. Global District Cooling.
The Philippine construction industry would like to bring back its dominance in the construction, engineering, and architecture and design services in the Middle East, particularly the United Arab Emirates. This developed as revitalized business relationships between the Philippines and Middle East
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The global Thermal Energy Storage (TES) market along with the rest of energy industry value chain is expected to be impacted by the ongoing pandemic and the virus led global recession. The global market size is revised at a projected US$8 billion for the year 2027.
Government measures to curtail movement of people and good sand the worst ever economic downturn will together bring down the energy industry in the year 2020. Lockdowns are bringing electricity consumption in malls, hotels, gyms, schools, shops to almost zero. Utilities are staring at a severe cash crunch as revenues sharply decline and spot prices of electricity plummet. Energy storage deployments worldwide will decline steeply from earlier projections for the year 2020. As finances dry-up for consumers and businesses alike, sales of energy storage systems for homes, building and industrial processes will decline.