Thermal Energy Storage Market Share will Grow USD 6.50 billion by 2024
New York: The Thermal energy storage market is expected to exceed more than USD 6.50 billion by 2024, at a CAGR of 11% from 2018 to 2024.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include CALMAC, EVAPCO, Inc., Chicago Bridge & Iron Company (CB&I), and Goss Engineering, Inc. ,Abengoa Solar, S.A., Baltimore Aircoil Company, BrightSource Energy, Inc., Burns & McDonnell, Caldwell Energy, FAFCO Thermal Storage Systems, Ice Lings, Steffes Corporation, and TAS Energy.. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
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Thermal energy storage technology is used for storage and transferring energy such as heat energy, energy from cold or ice water or air. This is very different technology need in many areas. In this it stores or collect the thermal energy for later use in many areas such as in town, district or at multi user building or individual building. Thermal energy storage technologies help to decrease utilization of energy and raise energy supply by proficiently utilizing re-new able energy sources. Many of renewable energy sources will not exist all over day, so that time thermal energy storage technology will be the best solution for use. Thermal energy storage technologies are also used for moving peak energy which is used into off peak hours.
The scope of the report includes a detailed study of global and regional markets for various types of coatings with the reasons given for variations in the growth of the industry in certain regions.
The Thermal Energy Storage Market has been segmented as below:
The Thermal Energy Storage Market is segmented on the Basis of Technology Analysis, End-user Analysis, Type Analysis and Regional Analysis. By Technology Analysis this market is segmented on the basis of Sensible Heat, Latent Heat and Thermo chemical Storage.
By End-user Analysis this market is segmented on the basis of Commercial sector, Industrial sector and Residential sector. By Type Analysis this market is segmented on the basis of Heat Storage and Solar power. By Regional Analysis this market is segmented on the basis of North America, Europe, Asia-Pacific and Rest of the World.
This report provides:
1) An overview of the global market for thermal energy storage and related technologies.
2) Analyses of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2024.
3) Identifications of new market opportunities and targeted promotional plans for thermal energy storage
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The major driving factors of thermal energy storage market are as follows:
- Development in variable energy sources drives acceptance of thermal energy storage technologies
- Deferral of distribution and transmission rise through the use of thermal energy storage technologies
- Increasing need for access to reliable, efficient, cost competitive electricity propels increase in the market
The restraints factors of thermal energy storage market are as follows:
- High grid interconnection barriers and investment slow down development of the market
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Table of Contents
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Thermal Energy Storage Market, By Technology
6.1 Introduction
6.2 Sensible Heat Storage Technology
6.3 Latent Heat Storage Technology
6.4 Thermochemical Storage Technology
7 Thermal Energy Storage Market, By Storage Material
8 Thermal Energy Storage Market, By Application
9 Thermal Energy Storage Market, By End-User
10 Thermal Energy Storage Market, By Region
11 Competitive Landscape
12 Company Profiles
12.1 Introduction
12.2 Abengoa Solar, S.A.
12.3 Brightsource Energy, Inc.
12.4 Solarreserve, LLC
12.5 Baltimore Aircoil Company
12.6 Caldwell Energy
12.7 Burns & Mcdonnell
12.8 Calmac
12.9 Cristopia Energy Systems
12.10 Cryogel
12.11 Dc Pro Engineering
12.12 Dunham-Bush Holding Bhd.
12.13 Energy Storage Association
12.14 Goss Engineering
12.15 Ice Energy
12.16 International District Energy Association
12.17 Natgun Corporation (DN Tanks)
12.18 Steffes Corporation
12.19 Tas Energy Inc.
12.20 Evapco, Inc.
12.21 Fafco (Icestor)
12.22 Icelings
12.23 Sunwell Technologies
12.24 Qcoefficient
12.25 Finetex EnE
12.26 Chicago Bridge & Iron Company
Source: marketwatch
