When a group from outside the industry takes a look at a piece of the HVAC sector, you can get some interesting snapshots and perspectives. Pike Research (a part of Navigant) recently conducted some research about the global prospects for thermal storage over the next several years. The horizon doesn’t look too bad for TES, either, according to Pike, who expects sales in the area to expand to $3.6 billion in the next seven years.
This becomes a little more impressive when you factor in what the report recognizes: