A recent report
published by Infinium Global Research on thermal energy storage market provides
in depth analysis of segments and sub-segments in global as well as regional
markets of thermal energy storage market. The study also highlights the impact
of drivers, restraints and macro indicators on the global and regional markets
of thermal energy storage over the short term as well as long term. The report
is a comprehensive presentation of trends, forecast and dollar values of global
thermal energy storage market. According to report the global thermal energy
storage market is projected to grow at a CAGR of 10.5% over the forecast period
of 2017 - 2023.
Figure 1: Global Thermal Energy Storage Market by
Value 2015 - 2023
The report on global
thermal energy storage market covers segments such as application, end user,
technology, and material. The application segments include power generation,
district heating & cooling, and process heating & cooling. On the basis
of end user the global thermal energy storage market is categorized into
utility, residential & commercial, and industrial. Furthermore, on the
basis of technology the thermal energy storage market is segmented as latent
heat storage, thermo chemical storage, and sensible heat storage. On the basis
of material the thermal energy storage market, is segmented as molten
salt, water, phase change material (PCM), and Others.
provides regional analysis covering geographies such as North America, Europe,
Asia-Pacific, and Rest of the World. In this section the key trends and market
size for each geography is provided over the period of 2015 – 2023.
Figure 2: Global Thermal Energy Storage Market by
Region, CAGR %, 2017-2023
covered in the North America region include the U.S., Canada, and Mexico; while
Asia-Pacific includes China, Japan, India, South Korea, Malaysia and among
others. Moreover, European region covers countries such as Germany, UK, France,
Spain, and rest of Europe. The U.S. drives the growth in the North America
region as it is the largest market in the region. The Asia-pacific region
offers a substantial potential for the market growth owing to rapid growth in
markets such as India and China. The APAC region is projected to experience a
growth at a CAGR of x.x% over the period of 2017 - 2023.
provides profiles of the companies in the global thermal energy storage market such
as, Abengoa Solar, Chicago Bridge & Iron, Baltimore Aircoil Company Inc.,
Calmac, Brightsource Energy Inc., Burns & Mcdonnell, Dc Pro Engineering
Llc., Evapco Inc., Dn Tanks, and Caldwell Energy.
The report provides
deep insights on demand forecasts, market trends and micro and macro
indicators. In addition, this report provides insights on the factors that are
driving and restraining the global thermal energy storage market. Moreover,
IGR-Growth Matrix analysis given in the report brings an insight on the
investment areas that existing or new market players can consider. The report
provides insights into the market using analytical tools such as Porter’s five
forces analysis and DRO analysis of thermal energy storage market.
study highlights current market trends and provides forecast from 2017 to 2023.
We also have highlighted future trends in the thermal energy storage market that
will impact the demand during the forecast period. Moreover, the competitive
analysis given in each regional market brings an insight on the market share of
the leading players. Additionally, the analysis highlights rise and fall in the
market shares of the key players in the market. This report will help
manufacturers, suppliers and distributors of the thermal energy storage market to
understand the present and future trends in this market and formulate their