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Thermal Energy Storage Market By Technology (Sensible, Latent, TCS), By Storage Material (Water, Molten Salt, Phase Change Material (PCM)), By End User (Commercial & Industrial, Utilities, Residential) - Growth, Share, Opportunities & Competitive Analysis, 2017 - 2025

This report titled “Thermal Energy Storage Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” offers strategic insights into the trends in thermal energy storage market along with the market size and forecast for the duration 2017 to 2025. The said research study incorporates in-depth analysis of multiple market segments based technology, storage material, end user and geographical distribution.

The global thermal energy storage market is expected to witness high growth with growing emphasis on reducing the emission of greenhouse gases and increase energy dependency on renewable energy sources anticipated to propel the demand for thermal energy storage systems. Furthermore, emergence in technology such as latent heat technology is projected to propel the demand for thermal energy storage market.

Key players in the thermal energy storage market accounting for the major share of the global thermal energy storage market. Further, increasing research and development and advancement in technology changing the nature of operations of the oil industry. Further, increasing shale gas exploration activities in Europe and Asia Pacific is further anticipated to fuel the demand for thermal energy storage over the forecast period

Rapid growth of this market has also resulted in creating further skilled job opportunities in major hubs spread across North America, Europe, Latin America, Middle East & Africa and Asia Pacific.

Based on technology, the global thermal energy storage market is segmented as sensible, latent and TCS. By storage material, the global thermal energy storage market is segmented into water, molten salt, phase change material (PCM) and others. In addition, thermal energy storage manufacturing companies, distributors and academic organizations form the major client types for thermal energy storage market. Market size (US$ Mn) and forecast for all the considered segmentation is presented in this report for the period 2015-2025 along with their respective CAGRs (%) for the forecast period 2017-2025.

In terms of geographical distribution, the global thermal energy storage market is a study for five major regions namely, North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Market size and forecast for each regional and country-level market are included in the report for the considered periods. To further elucidate, the geographical distribution of the global thermal energy storage market is performed as follows:

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa (MEA)
    • GCC
    • Rest of MEA

Along with the quantitative information sets, this report also provides qualitative information such as market dynamics and executive summary for the global thermal energy storage market. Tools such as competition assessment and attractive investment proposition are also included in the report to provide the readers with competitive mapping assistance. This study concludes with company profiles section. This section includes major information about the key companies engaged in development, and provision of thermal energy storage.

Based on the end user, the global thermal energy storage market is segmented as follows:

  • Commercial & Industrial
  • Utilities
  • Residential

Thermal Energy Storage Market

On the basis of end user, the global thermal energy storage market can be segmented into commercial & industrial, utilities and residential users. In 2016, commercial & industrial end user was observed to be the largest application segment and is projected to maintain its dominance during the forecast period. Increasing demand for uninterrupted supply from commercial and industrial installations for continuous operations driving the demand for efficient power back up sources which in turn is anticipated to drive the growth of the segment over the forecast period. Furthermore, increasing adoption of roof top solar panels in households anticipated to fuel the growth of residential segment during the forecast period (2017-2025).

For the purpose of this study, the global thermal energy storage market is categorized into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America (LATAM)
  • Middle East and Africa (MEA)

Thermal Energy Storage Market

On the basis of geography, global thermal energy storage market can be segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2016, Europe is estimated to hold largest share in global thermal energy storage market and projected to maintain its dominance over the forecast period. Increasing investment in renewable energy to meet energy demand and growing inclination of governments to promote the usage of clean energy and reduce carbon foot prints is projected to drive the demand for thermal energy storage during the forecast period.

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Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Jun 2017
Category:  Energy Utilities
Report ID:   58516
Report Format:   PDF
Pages:   120
Rating:    4.3 (65)
Delivery Time: 24 Hours to 48 Hours   
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