Report Description

Global Thermal Energy Storage Market, By Technology (Sensible Heat Storage, Latent Heat Storage,etc.), By Material (Water, Molten Salt, Phase Change Material,etc.), Application (Power Generation, District Heating and Cooling & Process Heating and Cooling), By End-User (Residential, Commercial & Industrial), Competition Forecast & Opportunities, 2013 – 2023

  • Publish Date: NA
  • Format : PDF
  • Pages : 110
  • Industry : Power

Global thermal energy storage market is projected to grow at a CAGR of over 11.5%, in value terms, during 2018-2023. Growing demand to access cost and effective renewable energy sources, growing environmental concerns, high demand for clean power sources, growing crude oil consumption, high investment by government to develop advance thermal energy storage system and technological advancement are some factors, that will propel the demand for thermal energy storage over the next five years. MEA is anticipated to remain a strong contributor in the thermal energy storage market in the forecast period, owing to strong government regulation and huge solar resources. MEA is expected to register faster CAGR than any other region, backed by increasing presence of major players in the market.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2018-2023

Objective of the Study:

  • To analyse and forecast market size of the global thermal energy storage market, in terms of values.
  • to define, classify and forecast the global thermal energy storage on the basis of technology, material, application, end-user & region.
  • To scrutinize the detailed market segmentation and forecast the market size, in terms of value, on the basis of region by segmenting global thermal energy storage into five regions, namely, North America, South America, Europe, Asia Pacific and MEA.
  • To identify tailwinds and headwinds for the global thermal energy storage market.
  • To examine competitive developments such as expansions, new storage solution, contracts and mergers & acquisitions in the global thermal energy storage market.
  • to evaluate competitor and trends in the global thermal energy storage market.
  • to strategically profile the leading players, which are involved in thermal energy storage market globally.

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Some of the major players operating in the global thermal energy storage are

Chicago Bridge & Iron Company N.V. (CB&I), Abengoa Solar S.A., Ice Energy, Evapco, Inc., and Dunham-Bush Holding Bhd. Calmac, Abengoa Solar, Caldwell Energy, Baltimore Aircoil Company Inc., etc.

TechSci Research performed primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of thermal energy storage system providers globally. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research was able to include producers that could not be identified due to the limitations of secondary research. TechSci Research analysed technology, material, application, end-user & regional presence of all major thermal energy storage system providers across the globe.

TechSci Research calculated the market size for the global thermal energy storage using a bottom-up approach, where providers’ value data for technology of (sensible heat storage, latent heat storage & thermochemical storage), thermal energy storage was recorded as well as forecast for the future years was made. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective providers to arrive at the overall market size. Various secondary sources such as company annual reports, white papers, investor presentations and financial reports were also used by the TechSci Research.

Key Target Audience:

  • Global thermal energy storage system providers
  • Research organizations and consulting companies
  • Organizations, associations and alliances related to thermal energy storage
  • Government bodies such as regulating authorities and policy makers.
  • Industry associations
  • Investment banks

 The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as providers, vendors and policy makers, which market segments should be targeted over the thermal energy storage coming years (next five years) in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, global thermal energy storage has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Technology:
    • Global Thermal Energy Storage Market       
      • Sensible Heat Storage
      • Latent Heat Storage
      • Thermochemical Storage
  • Market, by Material:
      • Water
      • Molten Salt
      • Phase Change Material
      • Others
  • Market, by Application:
      • Power Generation
      • District Heating and Cooling
      • Process Heating and Cooling
  • Market, by End-User:
      • Residential
      • Commercial
      • Industrial
  • Market, by Geography:
    • North America
      • United States
      • Canada
      • Mexico
      • Rest of North America
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • Australia
      • India
      • Rest of APAC
    • South America
      • Brazil
      • Argentina
      • Colombia
      • Rest of South America
    • MEA
      • Saudi Arabia
      • UAE
      • Israel
      • South Africa
      • Rest of MEA

Competitive Landscape

Competition Benchmarking: Benchmarking of leading 10 players

Company Profiles: Detailed analysis of the major companies present in the global thermal energy storage market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to the company’s specific needs. The following customization options are available for the report:

Channel Partner Analysis

  • Detailed list of providers across the globe.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Product Information

  • Detailed analysis of new storage solution in the market and their driving forces in the market.

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