Transparency Market Research has released a new market research report titled Thermal Energy Storage Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020. According to the report, the global thermal energy storage installed capacity stood at 2,038.3 MW in 2013 and is anticipated to reach 6,070.2 MW by 2020, expanding at a CAGR of 17.1% from 2014 to 2020. In terms of revenue, the global thermal energy storage market was valued at USD 627.6 million in 2013 and is projected to reach USD 1,818.8 million by 2020, expanding at a CAGR of 16.7% between 2014 and 2020.