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Thermal Energy Storage Market by Technology (Sensible Heat Storage, Latent Heat Storage, and Thermochemical Storage), Type (Water, Molten Salt, and Phase Change Material), and End User (Residential, Commercial & Industrial, and Utility) - Global Opportunity Analysis and Industry Forecast, 2017-2023

EN_172198
Pages: 180
Jun 2017 | 2546 Views
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Author's : Yash Doshi
Tables: 116
Charts: 38
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Thermal Energy Storage Market Overview:

Global Thermal Energy Storage Market was valued at $3,988 million in 2016, and is anticipated to reach $8,862 million, growing at a CAGR of 10.9% from 2017 to 2023. Thermal energy storage systems are particularly utilized to store energy for later use. Thermal energy storage (TES), also known as heat storage, is a simple & highly efficient method of transferring energy, which does not involve chemical conversion. This is among the most feasible eco-friendly energy saving solutions. It holds thermal energy temporarily in the hot or cold form for utilization at a later stage. The thermal energy storage systems reduce carbon dioxide emissions, reduce energy consumption of end consumers, and decrease the demand for energy during peak hours. The effectiveness and economy of the system depend on the type of material used in manufacturing. It is widely used in solar plants, thermal power plants, combined heat & power plants, and process industries including other energy storage applications.

The market is driven by increasing adoption of renewable energy sources and growing demand for continuous power supply. Moreover, high demand for thermal energy storage in heating, ventilation, and air conditioning (HVAC) for district heating & cooling is expected to boost the market growth. However, lack of awareness about storage technology, additional cost associated with the use of thermal energy storage system, and need of highly skilled technicians to maintain the system is expected to hamper the market growth during forecast period. Increase in adoption of renewable technology is expected to provide substantial growth opportunities to market players in the near future.

The global thermal energy storage market is segmented into technology, type, end user, and geography. On the basis of technology, it is categorized into sensible heat storage, latent heat storage, and thermochemical storage. On the basis of type, it is classified into water, molten salt, and phase change material. Based on end user, it is divided into residential, commercial & industrial, and utility. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. In addition, the report highlights various factors that impact the growth of the global market, such as key drivers, restraints, growth opportunities, and the role of different key players. It presents quantitative data, in terms of both value and volume, which are obtained from secondary sources such as company publications, Factiva, Hoovers, OneSource, and others.

Global Thermal Energy Storage Market Segmentation

Global Thermal Energy Storage Market Segmentation

In 2016, North America dominated the global thermal energy storage market, in terms of both value and volume. Moreover, Asia-Pacific is expected to witness the highest growth rate from 2017 to 2023, owing to the rise in population, increase in energy use, and upsurge in the demand for renewable energy sources.

Thermal Energy Storage Market Share,by Geography, 2016 (%)

Thermal Energy Storage Market Share, By Geography, 2016 (%)

Top Investment Pockets

India and Germany are the most lucrative markets of players, owing to growing emphasis on energy efficiency initiatives and increasing investments in solar thermal energy storage. Moreover, there is an increased adoption of thermal energy storage in these countries to cater to the energy needs and reduce damage to the environment.

Top Investment Pockets, by Country

Thermal Energy Storage Market Top Investment Pockets, By Country

North America Thermal Energy Storage Market Size

In 2016, North America witnessed the highest demand for thermal energy storage, owing to the high energy storage capacity and increase in penetration of thermal storage specifically in U.S. In addition, rapid penetration of renewable energy has changed the energy landscape thus augment thermal energy storage in this region.

Canada Thermal Energy Storage Market, 2015-2023 ($Million)

Canada Thermal Energy Storage Market, 20152023 ($Million)

The key players profiled in the report are Calmac, Abengoa Solar, Caldwell Energy, Baltimore Aircoil Company Inc., Chicago Bridge & Iron Company, BrightSource Energy Inc., DC Pro Engineering LLC., Burns & McDonnell, Evapco Inc., and DN Tanks.

The other major players (not profiled in report) in the market include Cryogel, Energy Storage Association, Cristopia Energy Systems, Ice Energy, and Solar Reserve.

Key Benefits

  • This report provides an extensive analysis of the current & emerging market trends and dynamics of the global thermal energy storage market.
  • The market trend analysis for all the regions is provided by constructing estimations for key segments from 2017 to 2023 to identify the prevailing opportunities.
  • The report assists to understand the strategies adopted by the leading companies in the industry.
  • It evaluates competitive landscape of the industry to understand the market scenario globally.
  • Extensive analysis is conducted by key player positioning and monitoring the top competitors within the global market.

Thermal Energy Storage Market Key Segments:

By Technology

  • Sensible Heat Storage
  • Latent Heat Storage
  • Thermochemical Storage

By Type

  • Water
  • Molten Salt
  • Phase Change Material

By End User

  • Residential
  • Commercial & Industrial
  • Utility

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Chile
    • South Africa
    • Rest of LAMEA
 

Chapter: 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENT
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tool & model

Chapter: 2. EXECUTIVE SUMMARY

2.1. MARKET SNAPSHOT
2.2. CXO PERSPECTIVES

Chapter: 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. MARKET PLAYER POSITIONING
3.4. PORTER’S FIVE FORCES ANALYSIS
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Shift towards the renewable sources of energy
3.5.1.2. Demand for continuous power supply
3.5.1.3. Upsurge in demand for thermal energy storage in HVAC for district heating & cooling

3.5.2. Restraints

3.5.2.1. Lack of awareness with storage technology
3.5.2.2. Additional cost associated with the use of thermal energy storage system

3.5.3. Opportunities

3.5.3.1. Increase in adoption of renewable technology

3.6. MARKET SHARE ANALYSIS, 2016 (%)

Chapter: 4. THERMAL ENERGY STORAGE MARKET, BY TECHNOLOGY

4.1. INTRODUCTION

4.1.1. Market size and forecast

4.2. SENSIBLE HEAT STORAGE

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast

4.3. LATENT HEAT STORAGE

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast

4.4. THERMOCHEMICAL HEAT STORAGE

4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast

Chapter: 5. THERMAL ENERGY STORAGE MARKET, BY TYPE

5.1. INTRODUCTION

5.1.1. Market size and forecast

5.2. WATER

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast

5.3. MOLTEN SALT

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast

5.4. PHASE CHANGE MATERIAL (PCM)

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast

Chapter: 6. THERMAL ENERGY STORAGE MARKET, BY APPLICATION

6.1. INTRODUCTION

6.1.1. Market size and forecast

6.2. RESIDENTIAL

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast

6.3. COMMERCIAL & INDUSTRIAL

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast

6.4. UTILITY

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast

Chapter: 7. THERMAL ENERGY STORAGE MARKET, BY GEOGRAPHY

7.1. INTRODUCTION

7.1.1. Market size and forecast

7.2. NORTH AMERICA

7.2.1. Key market trends, growth factors, and opportunities
7.2.2. Market size and forecast
7.2.3. U.S.

7.2.3.1. Market size and forecast by END USER

7.2.4. Canada

7.2.4.1. Market size and forecast by END USER

7.2.5. Mexico

7.2.5.1. Market size and forecast by END USER

7.3. EUROPE

7.3.1. Key market trends, growth factors, and opportunities
7.3.2. Market size and forecast
7.3.3. UK

7.3.3.1. Market size and forecast by END USER

7.3.4. Germany

7.3.4.1. Market size and forecast by END USER

7.3.5. France

7.3.5.1. Market size and forecast by END USER

7.3.6. Spain

7.3.6.1. Market size and forecast by END USER

7.3.7. Italy

7.3.7.1. Market size and forecast by END USER

7.3.8. Rest of Europe

7.3.8.1. Market size and forecast by END USER

7.4. ASIA-PACIFIC

7.4.1. Key market trends, growth factors, and opportunities
7.4.2. Market size and forecast
7.4.3. China

7.4.3.1. Market size and forecast by END USER

7.4.4. India

7.4.4.1. Market size and forecast by END USER

7.4.5. Japan

7.4.5.1. Market size and forecast by END USER

7.4.6. South Korea

7.4.6.1. Market size and forecast by END USER

7.4.7. Australia

7.4.7.1. Market size and forecast by END USER

7.4.8. Rest of Asia-Pacific

7.4.8.1. Market size and forecast by END USER

7.5. LAMEA

7.5.1. Key market trends, growth factors, and opportunities
7.5.2. Market size and forecast
7.5.3. Brazil

7.5.3.1. Market size and forecast by END USER

7.5.4. Chile

7.5.4.1. Market size and forecast by END USER

7.5.5. South Africa

7.5.5.1. Market size and forecast by END USER

7.5.6. Rest of LAMEA

7.5.6.1. Market size and forecast by END USER

Chapter: 8. COMPANY PROFILES

8.1. CALMAC

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Operating business segments
8.1.4. Business performance
8.1.5. Key strategic moves and developments

8.2. ABENGOA SOLAR

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Operating business segments
8.2.4. Business performance
8.2.5. Key strategic moves and developments

8.3. CALDWELL ENERGY

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Operating business segments
8.3.4. Business performance
8.3.5. Key strategic moves and developments

8.4. BALTIMORE AIRCOIL COMPANY INC.

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Operating business segments
8.4.4. Business performance
8.4.5. Key strategic moves and developments

8.5. CHICAGO BRIDGE & IRON

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Operating business segments
8.5.4. Business performance
8.5.5. Key strategic moves and developments

8.6. BRIGHTSOURCE ENERGY INC.

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Operating business segments
8.6.4. Business performance
8.6.5. Key strategic moves and developments

8.7. DC PRO ENGINEERING LLC.

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Operating business segments
8.7.4. Business performance
8.7.5. Key strategic moves and developments

8.8. BURNS & MCDONNELL

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Operating business segments
8.8.4. Business performance
8.8.5. Key strategic moves and developments

8.9. EVAPCO INC.

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Operating business segments
8.9.4. Business performance
8.9.5. Key strategic moves and developments

8.10. DN TANKS

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Operating business segments
8.10.4. Business performance
8.10.5. Key strategic moves and developments

List of Tables

TABLE 1. GLOBAL THERMAL ENERGY STORAGE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 2. GLOBAL THERMAL ENERGY STORAGE MARKET VOLUME, BY TECHNOLOGY, 2016-2023 (MW)
TABLE 3. SENSIBLE THERMAL ENERGY STORAGE REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 4. SENSIBLE THERMAL ENERGY STORAGE VOLUME, BY REGION, 2016-2023 (MW)
TABLE 5. LATENT THERMAL ENERGY STORAGE REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 6. LATENT THERMAL ENERGY STORAGE VOLUME, BY REGION, 2016-2023 (MW)
TABLE 7. GLOBAL THERMOCHEMICAL THERMAL ENERGY STORAGE REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 8. THERMOCHEMICAL THERMAL ENERGY STORAGE VOLUME, BY REGION, 2016-2023 (MW)
TABLE 9. GLOBALTHERMAL ENERGY STORAGE MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 10. GLOBAL THERMAL ENERGY STORAGE MARKET VOLUME, BY TYPE, 2016-2023 (MW)
TABLE 11. WATER THERMAL ENERGY STORAGE REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 12. WATER THERMAL ENERGY STORAGE VOLUME, BY REGION, 2016-2023 (MW)
TABLE 13. MOLTEN SALT THERMAL ENERGY STORAGE REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 14. MOLTEN SALT THERMAL ENERGY STORAGE VOLUME, BY REGION, 2016-2023 (MW)
TABLE 15. PHASE CHANGE MATERIAL THERMAL ENERGY STORAGE REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 16. PHASE CHANGE MATERIAL THERMAL ENERGY STORAGE VOLUME, BY REGION, 2016-2023 (MW)
TABLE 17. GLOBAL THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 18. GLOBAL THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 19. THERMAL ENERGY STORAGE IN RESIDENTIAL MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 20. THERMAL ENERGY STORAGE IN RESIDENTIAL MARKET VOLUME, BY REGION, 2016-2023 (MW)
TABLE 21. THERMAL ENERGY STORAGE IN COMMERCIAL & INDUSTRIAL MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 22. THERMAL ENERGY STORAGE IN COMMERCIAL & INDUSTRIAL MARKET VOLUME, BY REGION, 2016-2023 (MW)
TABLE 23. THERMAL ENERGY STORAGE IN UTILITY MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 24. THERMAL ENERGY STORAGE IN UTILITY MARKET VOLUME, BY REGION, 2016-2023 (MW)
TABLE 25. THERMAL ENERGY STORAGE MARKET REVENUE, BY REGION, 2016-2023 ($MILLION)
TABLE 26. THERMAL ENERGY STORAGE MARKET VOLUME, BY REGION, 2016-2023 (MW)
TABLE 27. NORTH AMERICA THERMAL ENERGY STORAGE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 28. NORTH AMERICA THERMAL ENERGY STORAGE MARKET VOLUME, BY TECHNOLOGY, 2016-2023 (MW)
TABLE 29. NORTH AMERICA THERMAL ENERGY STORAGE MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 30. NORTH AMERICA THERMAL ENERGY STORAGE MARKET VOLUME, BY TYPE, 2016-2023 (MW)
TABLE 31. NORTH AMERICA THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 32. NORTH AMERICA THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 33. NORTH AMERICA THERMAL ENERGY STORAGE MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 34. NORTH AMERICA THERMAL ENERGY STORAGE MARKET VOLUME, BY COUNTRY, 2016-2023 (MW)
TABLE 35. U.S. THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 36. U.S. THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 37. CANADA THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 38. CANADA THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 39. MEXICO THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 40. MEXICO THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 41. EUROPE THERMAL ENERGY STORAGE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 42. EUROPE THERMAL ENERGY STORAGE MARKET VOLUME, BY TECHNOLOGY, 2016-2023 (MW)
TABLE 43. EUROPE THERMAL ENERGY STORAGE MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 44. EUROPE THERMAL ENERGY STORAGE MARKET VOLUME, BY TYPE, 2016-2023 (MW)
TABLE 45. EUROPE THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 46. EUROPE THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 47. EUROPE THERMAL ENERGY STORAGE MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 48. EUROPE THERMAL ENERGY STORAGE MARKET VOLUME, BY COUNTRY, 2016-2023 (MW)
TABLE 49. UK THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 50. UK THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 51. GERMANY THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 52. GERMANY THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 53. FRANCE THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 54. FRANCE THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 55. SPAIN THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 56. SPAIN THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 57. ITALY THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 58. ITALY THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 59. REST OF EUROPE THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 60. REST OF EUROPE THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 61. ASIA-PACIFIC THERMAL ENERGY STORAGE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 62. ASIA-PACIFIC THERMAL ENERGY STORAGE MARKET VOLUME, BY TECHNOLOGY, 2016-2023 (MW)
TABLE 63. ASIA-PACIFIC THERMAL ENERGY STORAGE MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 64. ASIA-PACIFIC THERMAL ENERGY STORAGE MARKET VOLUME, BY TYPE, 2016-2023 (MW)
TABLE 65. ASIA-PACIFIC THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 66. ASIA-PACIFIC THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 67. ASIA-PACIFIC THERMAL ENERGY STORAGE MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 68. ASIA-PACIFIC THERMAL ENERGY STORAGE MARKET VOLUME, BY COUNTRY, 2016-2023 (MW)
TABLE 69. CHINA THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 70. CHINA THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 71. INDIA THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 72. INDIA THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 73. JAPAN THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 74. JAPAN THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 75. SOUTH KOREA THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 76. SOUTH KOREA THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 77. AUSTRALIA THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 78. AUSTRALIA THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 79. REST OF ASIA-PACIFIC THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 80. REST OF ASIA-PACIFIC THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 81. LAMEA THERMAL ENERGY STORAGE MARKET REVENUE, BY TECHNOLOGY, 2016-2023 ($MILLION)
TABLE 82. LAMEA THERMAL ENERGY STORAGE MARKET VOLUME, BY TECHNOLOGY, 2016-2023 (MW)
TABLE 83. LAMEA THERMAL ENERGY STORAGE MARKET REVENUE, BY TYPE, 2016-2023 ($MILLION)
TABLE 84. LAMEA THERMAL ENERGY STORAGE MARKET VOLUME, BY TYPE, 2016-2023 (MW)
TABLE 85. LAMEA THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 86. LAMEA THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 87. LAMEA THERMAL ENERGY STORAGE MARKET REVENUE, BY COUNTRY, 2016-2023 ($MILLION)
TABLE 88. LAMEA THERMAL ENERGY STORAGE MARKET VOLUME, BY COUNTRY, 2016-2023 (MW)
TABLE 89. BRAZIL THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 90. BRAZIL THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 91. CHILE THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 92. CHILE THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 93. SOUTH AFRICA THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 94. SOUTH AFRICA THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 95. REST OF LAMEA THERMAL ENERGY STORAGE MARKET REVENUE, BY END USER, 2016-2023 ($MILLION)
TABLE 96. REST OF LAMEA THERMAL ENERGY STORAGE MARKET VOLUME, BY END USER, 2016-2023 (MW)
TABLE 97. CALMAC: COMPANY SNAPSHOT
TABLE 98. CALMAC: OPERATING SEGMENTS
TABLE 99. ABENGOA SOLAR: COMPANY SNAPSHOT
TABLE 100. ABENGOA SOLAR: OPERATING SEGMENTS
TABLE 101. CALDWELL ENERGY: COMPANY SNAPSHOT
TABLE 102. CALDWELL ENERGY: OPERATING SEGMENTS
TABLE 103. BALTIMORE AIRCOIL COMPANY INC.: COMPANY SNAPSHOT
TABLE 104. BALTIMORE AIRCOIL COMPANY INC.: OPERATING SEGMENTS
TABLE 105. CHICAGO BRIDGE & IRON: COMPANY SNAPSHOT
TABLE 106. CHICAGO BRIDGE & IRON: OPERATING SEGMENTS
TABLE 107. BRIGHTSOURCE ENERGY INC.: COMPANY SNAPSHOT
TABLE 108. BRIGHTSOURCE ENERGY INC.: OPERATING SEGMENTS
TABLE 109. DC PRO ENGINEERING LLC: COMPANY SNAPSHOT
TABLE 110. DC PRO ENGINEERING LLC: OPERATING SEGMENTS
TABLE 111. BURNS & MCDONNELL: COMPANY SNAPSHOT
TABLE 112. BURNS & MCDONNELL: OPERATING SEGMENTS
TABLE 113. EVAPCO INC.: COMPANY SNAPSHOT
TABLE 114. EVAPCO INC.: OPERATING SEGMENTS
TABLE 115. DN TANKS: COMPANY SNAPSHOT
TABLE 116. DN TANKS: OPERATING SEGMENTS

List of Figures

FIGURE 1. GLOBAL THERMAL ENERGY STORAGE MARKET: 2015-2023
FIGURE 2. GLOBAL THERMAL ENERGY STORAGE MARKET: 2015-2023
FIGURE 3. GLOBAL THERMAL ENERGY STORAGE MARKET: SEGMENTATION
FIGURE 4. GLOBAL THERMAL ENERGY STORAGE MARKET SHARE, BY TECHNOLOGY, 2016 (%)
FIGURE 5. GLOBAL THERMAL ENERGY STORAGE MARKET SHARE, BY TYPE, 2016 (%)
FIGURE 6. GLOBAL THERMAL ENERGY STORAGE MARKET SHARE, BY END-USER, 2016 (%)
FIGURE 7. TOP INVESTMENT POCKETS IN THERMAL ENERGY STORAGE MARKET, 2016-2023
FIGURE 8. TOP WINNING STRATEGIES
FIGURE 9. MARKET PLAYER POSITIONING
FIGURE 10. BARGAINING POWER OF SUPPLIER
FIGURE 11. BARGAINING POWER OF BUYER
FIGURE 12. THREAT OF NEW ENTRANTS
FIGURE 13. THREAT OF SUBSTITUTES
FIGURE 14. INTENSIVE COMPETITIVE RIVALRY
FIGURE 15. DRIVERS AND RESTRAINTS: GLOBAL THERMAL ENERGY STORAGE MARKET
FIGURE 16. GLOBAL THERMAL ENERGY STORAGE MARKET: BY TECHNOLOGY
FIGURE 17. GLOBAL THERMAL ENERGY STORAGE MARKET: BY TYPE
FIGURE 18. GLOBAL THERMAL ENERGY STORAGE MARKET: BY END-USER
FIGURE 19. GLOBAL THERMAL ENERGY STORAGE MARKET: BY GEOGRAPHY
FIGURE 20. U.S. THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 21. CANADA THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 22. MEXICO THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 23. UK THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 24. GERMANY THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 25. FRANCE THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 26. SPAIN THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 27. ITALY THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 28. REST OF EUROPE THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 29. CHINA THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 30. INDIA THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 31. JAPAN THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 32. SOUTH KOREA THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 33. AUSTRALIA THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 34. REST OF ASIA-PACIFIC THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 35. BRAZIL THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 36. CHILE THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 37. SOUTH AFRICA THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)
FIGURE 38. REST OF LAMEA THERMAL ENERGY STORAGE MARKET VALUE, 2016-2023 ($MILLION)

 

Thermal energy storage, also known as heat energy, is utilized to store energy for later use. It is mature energy storage technology, currently gaining popularity in commercial & institutional building applications. It is simple & highly efficient method of transferring energy, and is one of the most feasible eco-friendly solutions for energy saving. It is extensively adopted to stock cold winter air for air conditioning purposes in summers and to store solar energy for space heating in winters. It has gained popularity as an advanced energy technology for thermal applications such as space heating and cooling & air conditioning. It is used for balancing the supply & demand of energy and routinely cater to the varying energy demands.

In 2016, the sensible heat storage segment accounted for more than half share of the total market. Sensible heat storage is most commonly used method for heat & cold storage, owing to its low heat losses. It is used in various end-use industries, owing to its cost benefits. In 2016, the water segment accounted for more than one-third share of the total market. The residential end-use segment is estimated to grow at the highest CAGR of 12.2% from 2017 to 2023.

North America is expected to be the most significant market for thermal energy storage from 2017 to 2023. U.S. dominated the North America thermal energy storage market in 2016. North America witnessed the highest demand for thermal energy storage, owing to the high energy storage capacity and increase in penetration of thermal storage particularly in the U.S. In addition, rapid penetration of renewable energy has changed the energy landscape in this region. In addition, Asia-Pacific is expected to grow at the highest CAGR of 11.6% during the forecast period.

 

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