June 28, 2022

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Worldwide Thermal Energy Storage Industry to 2025 – by Storage Type, Technology, Material Type, Application, End-use and Region – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The “Thermal Energy Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025” report has been added to ResearchAndMarkets.com’s offering.

The global thermal energy storage market is currently witnessing strong growth. Looking forward, the publisher expects the market to register a CAGR of 9.5% during 2020-2025.

Thermal energy storage refers to a power storage system that is used for transferring and storing energy obtained from ice, cold air or water for later usage. It includes sensible, latent and thermochemical heat storage that is based on molten salt, ice and miscibility gap alloy technology (MGA). Some of these solutions are used for storing hot or cold energy for powering electrical systems in commercial and residential complexes, while others are used for storing solar energy in the summers, which is further utilized in the winters. This aids in preventing the overutilization of conventional energy from the grid systems.

Increasing emphasis on the utilization of renewable energy resources across the globe is one of the key factors driving the growth of the market. The growing demand for thermal energy storage systems in heating, ventilation and air conditioning (HVAC) technology for large-scale heating and cooling is also providing a boost to the market growth. Furthermore, concentrated solar power (CSP) is increasingly being integrated with the thermal energy storage systems to offer grid flexibility and minimize efficiency losses by generating electricity through dry cooling during lower ambient temperatures.

Additionally, increasing environmental consciousness, coupled with the growing adoption of thermal energy storage for power generation in green buildings, is acting as another growth-inducing factor. Other factors, including the implementation of favorable government policies to promote sustainable infrastructural development, along with extensive research and development (R&D) activities, are projected to drive the market further.

Companies Mentioned

  • Abengoa Solar S.A.
  • Baltimore Aircoil Company Inc.
  • Brightsource Energy Inc.
  • Burns & McDonnell Inc.
  • Chicago Bridge & Iron Company (McDermott International)
  • DC Pro Engineering
  • Fafco Inc.
  • Solarreserve LLC
  • Steffes Corporation
  • Terrafore Technologies LLC

Key Questions Answered in this Report:

  • How has the global thermal energy storage market performed so far and how will it perform in the coming years?
  • What are the key regional markets?
  • What is the breakup of the market based on the storage type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the material type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end-use?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global thermal energy storage market and who are the key players?
  • What is the degree of competition in the industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Thermal Energy Storage Market

5.1 Market Overview

5.2 Market Performance

5.3 Market Forecast

6 Market Breakup by Storage Type

6.1 Sensible Heat Storage

6.1.1 Market Trends

6.1.2 Market Forecast

6.2 Latent Heat Storage

6.2.1 Market Trends

6.2.2 Market Forecast

6.3 Thermochemical Heat Storage

6.3.1 Market Trends

6.3.2 Market Forecast

7 Market Breakup by Technology

7.1 Molten Salt Technology

7.1.1 Market Trends

7.1.2 Market Forecast

7.2 Electric Thermal Storage Heaters

7.2.1 Market Trends

7.2.2 Market Forecast

7.3 Solar Energy Storage

7.3.1 Market Trends

7.3.2 Market Forecast

7.4 Ice-Based Technology

7.4.1 Market Trends

7.4.2 Market Forecast

7.5 Miscibility Gap Alloy Technology (MGA)

7.5.1 Market Trends

7.5.2 Market Forecast

7.6 Others

7.6.1 Market Trends

7.6.2 Market Forecast

8 Market Breakup by Material Type

8.1 Water

8.1.1 Market Trends

8.1.2 Market Forecast

8.2 Molten Salt

8.2.1 Market Trends

8.2.2 Market Forecast

8.3 Phase Change Materials (PCM)

8.3.1 Market Trends

8.3.2 Market Forecast

8.4 Others

8.4.1 Market Trends

8.4.2 Market Forecast

9 Market Breakup by Application

9.1 Power Generation

9.1.1 Market Trends

9.1.2 Market Forecast

9.2 District Heating and Cooling

9.2.1 Market Trends

9.2.2 Market Forecast

9.3 Process Heating and Cooling

9.3.1 Market Trends

9.3.2 Market Forecast

10 Market Breakup by End-Use

10.1 Residential and Commercial Sector

10.1.1 Market Trends

10.1.2 Market Forecast

10.2 Utility Industry

10.2.1 Market Trends

10.2.2 Market Forecast

10.3 Other Industries

10.3.1 Market Trends

10.3.2 Market Forecast

11 Market Breakup by Region

11.1 North America

11.2 Asia Pacific

11.3 Europe

11.4 Latin America

11.5 Middle East and Africa

12 SWOT Analysis

13 Value Chain Analysis

14 Porters Five Forces Analysis

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/d92ui8

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