Thermal Energy Storage Market: by Technology (Sensible Heat Storage, Latent Heat Storage, and Thermo-chemical Storage), by Storage Material (Water, Molten Salt, Phase Change Material (PCM), and Others), and by End-Users (Commercial and Industrial, Utilities, and Residential): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024

Global demand for thermal energy storage market was valued at approximately USD 3.72 billion in 2017 and is expected to generate revenue of around USD 7.45 billion by the end of 2024, growing at a CAGR of around 10.8% between 2018 and 2024.

01-Aug-2018 | Number of pages: 110 | Report Code: ZMR-3254 | Report Format : | Status : Published

Abstract

The report covers forecast and analysis for the thermal energy storage (TES) market on a global and regional level. The study provides historic data from 2015 to 2017 along with a forecast from 2018 to 2024 based on revenue (USD Billion). The study includes drivers and restraints for the thermal energy storage market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the thermal energy storage market on a global level.

In order to give the users of this report a comprehensive view of the thermal energy storage market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein material recovery segment and source type segment are benchmarked based on their market size, growth rate, and general attractiveness.

Global Thermal Energy Storage Market

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, product portfolio of various companies according to region.

The study provides a decisive view of the thermal energy storage market by segmenting the market based on material recovery, source type, and regions. All the segments have been analyzed based on present and the future trends and the market is estimated from 2018 to 2024. The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. This segmentation includes demand for thermal energy storage market based on all segments in all the regions and countries.

The report also includes detailed profiles of end players such as CALMAC, EVAPCO, Inc., Chicago Bridge & Iron Company (CB&I), Goss Engineering, Inc., Cryogel, Energy Storage Association, Cristopia Energy Systems, Ice Energy, Solar Reserve, and others.

This report segments the global thermal energy storage market as follows:

Global Thermal Energy Storage Market: Technology Segment Analysis

  • Sensible Heat Storage
  • Latent Heat Storage
  • Thermal Heat Storage

Global Thermal Energy Storage Market: Storage Material Segment Analysis

  • Water
  • Molten Salt
  • Phase Change Material (PCM)
  • Others

Global Thermal Energy Storage Market: End-Users Segment Analysis

  • Commercial and Industrial
  • Utilities
  • Residential

Global Thermal Energy Storage Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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