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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Ice Thermal Energy Storage Market
Request Now !Ice thermal energy storage is a technology that stores thermal energy in ice. Ice thermal energy storage is mostly used in air conditioners for cooling purpose. It is mainly divided into two groups, namely, dynamic and static systems. The produced ice energy can be used directly or indirectly to chill a product, building, or system.
Factors that are expected to fuel the growth of the global ice thermal energy storage market are storing ice which has a number of benefits making it more sustainable and cost-effective energy storage option for building managers to consider it as a part of their energy management plans. Additionally, the rapid industrialization and urbanization across developed economies like India and China has led to construction of new business centers and IT parks. This factor is expected to increase the demand for air conditioning systems and eventually drive the growth of the market. In addition, ice thermal energy storage is also used for combustion gas turbine air inlet cooling. The increase in demand for industrial gas turbines to generate power is also expected to drive the growth of market. Â However, the high maintenance cost of ice thermal energy storage systems is expected to restrain the growth of the ice thermal energy storage market. Meanwhile, introduction of new technological solutions for ice thermal energy storage systems is expected to offer lucrative growth opportunities for the market.
The global ice thermal energy storage market is segmented on the basis of application, end-use, and region. Based on application, it is classified into refrigerator, air conditioner, and thermal battery. End-use, is segmented into industrial, institutional, and commercial. Based on region, the global ice thermal energy storage market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East and Africa).
Some of the key players operating in the ice thermal energy storage industry are Ice Energy, CALMAC, Araner, Vogt Ice, Emerson Swan Inc., FVB Energy Inc., AllCell Technologies LLC., Linde, ERGINTECH, and Halvorson Trane.
Scope of the Report:
Report Metric | Details |
 Market size available for years |  2018–2026 |
 Base year considered |  2018 |
 Forecast period |  2019–2026 |
 Forecast units |  Value (USD) |
 Segments covered |  Application, End-Use and Region |
 Geographies covered | North America (US, Canada and Mexico), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LAMEA) and The Middle East and Africa |
 Companies covered | Major players covered, include Ice Energy, CALMAC, Araner, Vogt Ice, Emerson Swan Inc., FVB Energy Inc., AllCell Technologies LLC., Linde, ERGINTECH, and Halvorson Trane. |
Key Market Segmentation: In Table Format
ATTRIBUTE | DETAILS |
 By Applications |
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 By End-Use |
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 By Region |
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Questions answered in the ice thermal energy storage market research report:
Key Market Segments
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By Application |
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By End-Use |
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