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Global Thermal Energy Storage (TES) Market to Reach US$6 2 Billion by the Year 2027
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Global Industrial Valves Market Report 2021: Market to Reach $92 3 Billion by 2026 – Prevailing Scenario in the Industrial Manufacturing Sector Revs Up Demand – ResearchAndMarkets com
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Global Industrial Valves Markets 2021-2027 - Smart City, the New Urban Infrastructure Concept, to Fuel Fresh Wave of Growth
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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.