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2022
Ice Thermal Energy Storage Market

Ice Thermal Energy Storage Market by Application (Refrigerator, Air Conditioner, and Thermal Battery) and End-Use (Industrial, Institutional, and Commercial): Global Opportunity Analysis and Industry Forecast, 2019–2026

EP : Storage and Distribution
A05816
Pages: NA
Sep 2022 | 3666 Views
Author(s) : NA
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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.  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.

Key Benefits for Stakeholders:

  • The global ice thermal energy storage market size has been analyzed across four major regions.
  • Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of ice thermal energy storage for strategy building.
  • The report outlines the current market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets. The market is forecasted for 2019-2026.
  • Major countries in each region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, opportunities & ice thermal energy storage market trends along with their detailed impact analysis are elucidated in the study.
  • The global ice thermal energy storage market analysis covers in-depth information of the major industry participants.

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

  • Refrigerator
  • Air Conditioner
  • Thermal Battery

  By End-Use

  • Industrial
  • Institutional
  • Commercial

  By Region

  • North America (U.S., Canada and Mexico)
  • Europe (UK, Germany, France, Spain, Italy and Rest of Europe)
  • Asia-pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific)
  • LAMEA (Brazil, Saudi Arabia, South Africa and Rest of LAMEA).

Questions answered in the ice thermal energy storage market research report:

  • What is the growth rate of the ice thermal energy storage market during the forecast period?
  • What will be the global ice thermal energy storage market size from 2019 to 2026?
  • Who are the leading manufacturing companies in the ice thermal energy storage market?
  • How the major current trends will shape the market in the future?
  • What are the driving factors and opportunities in the market?
  • Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
  • Why are some of the segments flourishing at the highest growth rate while others experience a steady growth?
  • What are the conclusions of the ice thermal energy storage report?

 Key Market Segments

Segments Sub-segments
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • UK
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Saudi Arabia
    • Rest of LAMEA
By Application
  • Refrigerator
  • Air Conditioner
  • Thermal Battery
By End-Use
  • Industrial
  • Institutional
  • Commercial
 

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