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THERMAL ENERGY STORAGE MARKET GLOBAL INDUSTRY ANALYSIS, TRENDS, MARKET SIZE AND FORECASTS UP TO 2023


Thermal Energy Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

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Thermal Energy Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Introduction Report Description

The Global Thermal Energy Storage Market was sized near USD X.X billion in 2016. The global thermal energy storage market is projected to grow with a CAGR of 10.5% during 20172023.Thermal energy storage is a battery used for buildings air conditioners system. It uses standard cooling equipment, plus an energy storage tank to shift all or a portion of a building's cooling needs to off-peak night time hours. Thermal energy is an example of kinetic energy, as it is due to the motion of particles.Thermal energy results in a system having a temperature that can be measured. Thermal energy can be transferred from one object or system to another in the form of heat.The main source of thermal enegries are Volcanoes, hot springs and geysers are sources of geothermal energy and energy from the interior of the earth. Several applications are being developed where ice is produced and used for cooling at later time.For eg. Air conditioning can be provided more economically by using low-cost electricity at night to freeze water into ice, then using the cooling capacity of ice in the afternoon to reduce the electricity needed to handle air conditioning demands. This report estimates the market size of thermal energy storage market in terms of value (USD million) over the period of 2015 to 2023. The year 2016 is considered to be a base year, and 2017 to 2023 is considered to be a forecast period. Moreover, the market sizes for thermal energy storage market in numerous application is estimated in terms of value. This market research study provides detailed qualitative and quantitative analysis of the global thermal energy storage market. Additionally, the report provides a comprehensive review of the major market drivers, restraints, opportunities in the global as well as regional markets of thermal energy storage market. The market analysis covers major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). The market size and forecasts are also given for these regions. Countries with major market revenues are covered for each of the region.

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Thermal Energy Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Furthermore, this report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of thermal energy storage market. Moreover, the study highlights current market trends and provides forecast from 2017 to 2023. We also have highlighted future trends in the global thermal energy storage market that will impact the demand during the forecast period. The IGR- Growth Matrix analysis provided in this report highlights key investing markets in the world. This report will help manufacturers, suppliers and distributors to understand the present and future trends in this market and formulate their strategies accordingly. Segmentation and Research Scope

THERMAL ENERGY STORAGE MARKET SEGMENTATION

THERMAL ENERGY STORAGE MARKET

Application • Power Generation • District Heating & Cooling • Process Heating & Cooling

Technology

End User  Utility  Residential & Commercial  Industrial

 Latent Heat Storage  Thermochemical Storage  Sensible Heat Storage

Material  Molten Salt  Water  Phase Change Material (PCM)  Others & Entertainment

Region    

North America Europe Asia Pacific RoW

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. © Infinium Global Research

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Thermal Energy Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Research Methodology Methodology

Infinium Global Research published reports are based on extensive primary and secondary research methods. The research begins with extensive exploration through secondary sources followed by primary research. With these research methods we were able to estimate the market size of the thermal energy storage market, to identify the factors that promote the growth in this market as well as the factors that hamper the growth in the market. Comprehensive primary and secondary methods helped us to identify the trends in the market and to project the opportunities that the key players may get in the coming days. Research Methodology: An Outline

Primary source of the information and data include  Industry Experts/consultants  Top level executives in the key market players  Subject matter experts  Academicians and research scholars

PRIMARY RESEARCH

Secondary sources of the information and data include  Company annual reports  Government/institutional publications  Trade and associations journals  Databases  Websites and publications by research agencies  Others

SECONDARY RESEARCH

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Thermal Energy Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

RESEARCH APPROACHES- BOTTOM UP BOTTOM-UP APPROACH

Arriving at Global Market Size

 

Accumulation of the country level market size (value) Regional market size of thermal energy storage and its application, end user, technology, and material

Market Share of Key Players

 

Segment revenue of the key players Country level market size by application, end user, technology, and material (value)

Identifying key players in the thermal energy storage market

 

Accumulation of the regional/country market size (value) Global market size of application, end user, technology, and material

Key Market Players

Arriving at Regional/Country Market Size

RESEARCH APPROACHES- TOP-DOWN Global Market

Global market size of thermal energy storage market

% breakdown by market segments by application, end user, technology, and material

Regional market size of the thermal energy storage market (value ) Regional market size of application, end user, technology, and material

Market Segments

Determine the Regional Market Size Country Level Market Sizing

Country level market size of the thermal energy storage in every region (value ) Country level market size of application, end user, technology, and material in every region

TOP-DOWN APPROACH

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Thermal Energy Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

The study on global thermal energy storage market provides deep insights into the trends and opportunities in the market for the forecast period 2017 to 2023. Moreover, the market estimates are provided in terms of revenue in USD million. Furthermore, the research covers the analysis of the various segments in the global thermal energy storage market. The estimates in the global thermal energy storage market are based on both bottom-up and topdown approaches. In the bottom-up approach the revenues of the key players are determined and added to arrive at country or regional markets size. The country market sizes added to arrive at the regional market size. Further, the market size of the regions is added to arrive at the global market size of thermal energy storage market. In the top-down approach the global market size is estimated based on the secondary research and historic data. Using this approach the regional market size is obtained by splitting the global number by percentage share of each region such as North America, Europe, Asia-Pacific and RoW. The regional market was then divided as per the market share of the Equipment. IGR- RESEARCH METHOD AND DATA TRIANGULATION SECONDARY SOURCES

Infinium's Data Bank/ Know How

 Top executives of application industries  Intermediaries

 C-level executives in the leading manufacturing products Thermal Energy Storage.  Product managers  Sales managers  Industry consultants  Distributors/Suppliers

Industry Publications Government Agencies' Publications Industry news Data sources

      

Annual Reports Presentations Company Websites Press Releases News Articles Journals Paid Databases

Secondary Research

DATA TRIANGULATION & INFORMATION SOURCES

Company Publication

Supply Side

Primary Research

   

General Publications

Demand Side

PRIMARY SOURCES

The market size of thermal energy storage is determined based on the top down approach. The market size is validated using primary interview with the participants working in some of © Infinium Global Research

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Thermal Energy Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

the leading players in the thermal energy storage market. The primary interview participants typically includes managers and CXO level executives of the leading players in this market. The primary interviews not only help identify the market size of the thermal energy storage market but also identify the factors that promote the growth in the market and the factors that restrain the growth in this market. The views of primary respondents were reconciled to provide qualitative analysis of the thermal energy storage market. The primary respondents also help identifying top 5-10 players and their possible market share in the respective country markets and in world market. The bottom-up approach is used to validate the global market size of thermal energy storage. With the help of primary interviews and secondary research the market size of thermal energy storage is determined for each country studied, which then is added to arrive at regional market size and there by obtaining global market size. This in turn helps us to validate the market size of thermal energy storage in the world market. Executive Summary Global Thermal Energy Storage Market Highlights, (USD Million)

The global thermal energy storage market is expected to grow at a CAGR of 10.5 % between 2017 and 2023 in terms of value. Thermal energy storage is considered to be the primary renewable source for energy generation.Hence,due to increase in adoption of renewable sources and growing continuous power supply are the factors driving the growth of the market.Additionally,rapid industrialization across the globe have increased the need for using uninterrupted power supply which would lead the market over the forcaste period.However,additional cost associated with the use of thermal energy storage and lack of technical expertise may restrain the growth of the market.Moreover,increase in adoption of renewable energy and increasing demand to access efficient & cost competitive energy resources is expected to provide huge growth opportunities for the key players in the thermal energy storage market. Among the application segment district heating and cooling accounted for the largest share to distribute the generated power in order to filgill residential and commercial requirements. The various systems utilized for the generation of energy for district heating & cooling Š Infinium Global Research

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Thermal Energy Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

applications include, central solar power, and boiler stations. This distributed energy is utilized for water heating, space heating, and air conditioning. GLOBAL THERMAL ENERGY STORAGE MARKET, 2015 - 2023 (USD MILLION)

2015

2016

2017

2018

2019

2020

2021

2022

2023

Value

Thermal energy storage market is expected to experience rapid growth globally. However, the market size in terms of value is expected to grow at a higher rate due to due to increase in adoption of renewable sources and growing continuous power supply are the factors driving the growth of the market.Additionally, rapid industrialization across the globe have increased the need for using uninterrupted power supply which would lead the market over the forcaste period. GLOBAL THERMAL ENERGY STORAGE MARKET, CAGR (USD MN) GROWTH BY REGIONS (2017 – 2023) x.xx x,.xx

x.xx x.xx

2017

2017 2023

2023

x.xx x.xx

2017

2023

x.xx x.xx

2017

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2023

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Thermal Energy Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

The report 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 2017 – 2023. The countries 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. Market Overview & Competitiveness DRO Analysis

DRO stands for drivers, restraints and opportunities. The DRO analysis involves, identifying the factors that are likely to have impact on the global thermal energy storage market. It covers analysis of short term and long term impact of drivers and restraints. Through this analysis both short term and long term opportunities are identified. These opportunities present the investment options and new markets for the market players in the thermal energy storage market. Drivers refer to the factors that are expected to drive or boost the market size or demand for thermal energy storage. The analysis involves identification of both demand side and supply side factors that drive the demand as well as environmental factor that favor the market conditions for growth of thermal energy storage market both in short run and long run.

Get 15% discount for early purchase of global Thermal Energy Storage market report by clicking the following link, use code igrd15 to request the discount in the given form @ https://www.infiniumglobalresearch.com/reports/request-discount/1035

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Thermal Energy Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

DRIVERS OF THERMAL ENERGY STORAGE MARKET, IMPACT ANALYSIS SHORT TERM IMPACT

DRIVERS

MID TERM IMPACT

LONG TERM IMPACT

Driver 1 Driver 2 Driver 3

HIGH

MEDIUM

LOW

RESTRAINTS OF THERMAL ENERGY STORAGE MARKET, IMPACT ANALYSIS SHORT TERM IMPACT

RESTRAINTS

MID TERM IMPACT

LONG TERM IMPACT

Restraint 1

Restraint 2

HIGH

MEDIUM

LOW

IGR- Growth Matrix Analysis

Growth matrix developed by Infinium Global Research, also known as IGR-Growth Matrix helps understand the market situation of the business segments. It helps identify the most attractive segment for the investment purpose and helps the companies to make better decisions in strategy making. The IGR- Growth Matrix presents the zones that define the position of the product segment and Device segment or region based on the market size, growth anticipated and the growth factors & historic growth. Following are the zones that IGR- Growth Matrix considers  Risky Zone: Low market size and low growth rate. Investment in this segment is risky

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Thermal Energy Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

 Retention Zone: High market size and low growth rate, the companies operating in this segment should retain their investments in this segment. Companies may focus on extensive marketing and advertisements  Consolidation zone: High growth rate and high market size, the companies operating in the segments that have high market size and high growth should focus on consolidating their market position in these segment. Mergers and acquisitions, extensive marketing programs, and new product developments can be used as marketing strategies to consolidate the market in these segments.  Opportunity Zone: High growth low market size  Safe Zone: Moderate growth and moderate market size.

IGR- GROWTH MATRIX ANALYSIS Growth Rate

Opportunity Zone

Consolidation Zone

High

Low

Risky Zone

Retention Zone Market Size Low

© Infinium Global Research

High North America

Europe

Asia-Pacific

RoW

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Thermal Energy Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

GLOBAL THERMAL ENERGY STORAGE MARKET BY APPLICATION, 2016- 2023 (REVENUE % SHARE) 2016

2023 Power Generation

District Heating & Cooling

Process Heating & Cooling

GLOBAL THERMAL ENERGY STORAGE MARKET BY APPLICATION, 2015 - 2023 (USD MILLION)

2015

2016 Power Generation

© Infinium Global Research

2017 District Heating & Cooling

2023

Process Heating & Cooling

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Thermal Energy Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

GLOBAL POWER GENERATION MARKET BY REGIONS, 2015 - 2023 (USD MILLION)

2015

2016 North America

2017 Europe

Asia-Pacific

2023

RoW

GLOBAL DISTRICT HEATING & COOLING MARKET BY REGIONS, 2015 - 2023 (USD MILLION)

2015

2016 North America

© Infinium Global Research

2017 Europe

Asia-Pacific

2023

RoW

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Thermal Energy Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

GLOBAL PROCESS HEATING & COOLING MARKET BY REGIONS, 2015 - 2023 (USD MILLION)

2015

2016 North America

2017 Europe

Asia-Pacific

2023

RoW

GLOBAL THERMAL ENERGY STORAGE MARKET BY REGION, 2016- 2023 (REVENUE % SHARE) 2016

2023 North America Europe

Asia-Pacific

RoW

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Thermal Energy Storage Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2023

Company Profiling Company Snapshot

Abengoa Solar CONTACT DETAILS: Address: C/ de la Energía Solar Palmas Altas Seville, 41014 Spain Tele: 34 95 493 70 Website: www.abengoasolar.com

KEY FEATURES: No. of Employees: more than xx No. of countries of operation: xx

SWOT ANALYSIS: STRENGHTS  Sample text  Sample text

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PRODUCT PORTFOLIO:  Product 1  Product 2  Product 3

Browse Detailed Description and Company Mentioned in this Report @ https://www.infiniumglobalresearch.com/energy-mining-infra/global-thermal-energystorage-market

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Thermal Energy Storage Market - Detailed Analysis and Forecast by 2023  

A recent report published by Infinium Global Research on thermal energy storage market provides in depth analysis of segments and sub-segmen...

Thermal Energy Storage Market - Detailed Analysis and Forecast by 2023  

A recent report published by Infinium Global Research on thermal energy storage market provides in depth analysis of segments and sub-segmen...

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