Energy and Power
GLOBAL THERMAL ENERGY STORAGE MARKET was valued at USD 3.72 Billion for the year 2017. Thermal Energy Storage Market is further expected to grow at a CAGR of 10.78% from 2018 to reach USD 6.88 Billion by the year 2023. Middle-East & Africa region holds the highest market share in 2017. The Middle-East & Africa region is also considered as the fastest growing market in the forecasted period. UAE is the major market in 2017 at country level and it is also further anticipated to grow at a steady pace in the next 5 years.
Brightsource Energy Inc. (US), Solarreserve LLC (US), Abengoa Solar S.A. (Spain) are some of the top players in the Thermal Energy Storage Market with Abengoa Solar S.A. holding a substantial market share in 2017. Better global reach at an operational level is the main reason for holding this market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
Rising demand for continuous power supply
High cost for the use of thermal energy storage system
The rise in the implementation of renewable technology
Lack of skilled personnel
The segmentation is done on the basis of Technology include Latent Heat Storage Technology, Thermochemical Storage Technology, and Sensible Heat Storage Technology of which the Sensible Heat Storage segment is expected to hold the highest market share during the forecast period.
Segmentation done on the basis of Application includes Process Heating & Cooling, Power Generation, District Heating & Cooling segment of which Process Heating & Cooling segment is expected to grow at the highest CAGR during the forecasted period.
Key Benefits for Stakeholders
Thermal Energy Storage System Providers
Research and Consulting organization
Regulatory bodies, policymakers and consumers.
By Storage Material
Phase Change Material (PCM)
Process Heating & Cooling
District Heating & Cooling
Latent Heat Storage Technology
Thermochemical Storage Technology
Sensible Heat Storage Technology
Key Market Players
Brightsource Energy, Inc.
Abengoa Solar, S.A.
Burns & Mcdonnell
Cristopia Energy Systems
Dunham-Bush Holding Bhd.
(Another brief information of 13 companies will be provided in the report)
Genesis Market Insights follows in-depth Research Methodology focused on reducing deviation in the collected data. GMI offers the most precise evaluations and projection for the market numbers. GMI engages following Market Engineering techniques –
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1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
126.96.36.199. Key Data from Secondary Research
2.1.2. Primary Research
188.8.131.52. Key Data from Primary Research
184.108.40.206. Breakdowns of Primary Interviews
2.2. Market Size Estimation
2.2.1. Bottoms-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
3. Executive Summary
4. Market Overview
4.7. Supply Chain/Value Chain Analysis
4.8. Patent & Standards
5. Industry Trends
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry
6. Thermal Energy Storage Market, By Storage Material
6.1. Molten Salt
6.2. Phase Change Material (PCM)
7. Thermal Energy Storage Market, By Application
7.1. Process Heating & Cooling
7.2. Power Generation
7.3. District Heating & Cooling
8. Thermal Energy Storage Market, By Technology
8.1. Latent Heat Storage Technology
8.2. Thermochemical Storage Technology
8.3. Sensible Heat Storage Technology
9. Geographical Analysis
9.2. North America
9.4. Asia Pacific
9.5.1. Latin America
9.5.2. Middle East and Africa
220.127.116.11. South Africa
18.104.22.168. Rest of Middle East & Africa
10. Company Profiles
(Business Overview, Financial Overview, Product write Up, Recent Developments)
10.1. Brightsource Energy, Inc.
10.2. Caldwell Energy
10.3. Solarreserve, LLC
10.4. Abengoa Solar, S.A.
10.5. Burns & Mcdonnell
10.7. Cristopia Energy Systems
10.9. Dunham-Bush Holding Bhd.
10.10. Goss Engineering
10.11. Evapco, Inc.
10.12. Steffes Corporation
(Another brief information of 13 companies will provided in report)
11. Competitive Analysis
11.2. Market Positioning of Key Players
11.3 Competitive Strategies Adopted by Leading Players
11.3.1. Investments & Expansions
11.3.2. New Product Launches
11.3.3. Mergers & Acquisitions
11.3.4. Agreements, Joint Ventures, and Partnerships
12.2. Available Customizations
12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)
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