Global Thermal Energy Storage Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2023 to 2030

Description

List of Tables

The global demand for Thermal Energy Storage Market is presumed to reach the market size of nearly USD 11.48 BN by 2030 from USD 5.25 BN in 2022 with a CAGR of 10.29% under the study period 2023 - 2030.

Thermal energy storage (TES) technology involves storing thermal energy in different forms for later use. It's a method of capturing and retaining heat or cold for use at a last time, providing flexibility in managing energy resources and enhancing energy efficiency.

MARKET DYNAMICS:

The Thermal energy storage market is growing due to several influential factors. Primarily, the increasing focus on energy efficiency across industries and buildings drives the adopting of TES systems. These technologies store excess energy during low-demand periods and release it during high-demand times, reducing overall energy consumption. The integration of intermittent renewable energy sources has amplified the need for TES systems. These systems facilitate the storage of surplus energy generated by renewables for use when these sources are not actively producing electricity, enhancing grid stability and reliability. Government policies and incentives promoting energy efficiency and renewable energy adoption encourage businesses to invest in thermal energy storage technologies. Industries with high energy demands and the building sector are increasingly leveraging TES systems to optimize processes, reduce costs, and provide sustainable heating and cooling solutions. Continuous technological advancements are driving market growth by improving the efficiency and cost-effectiveness of thermal energy storage systems. Collectively, these factors are steering the expansion of the TES market, offering more sustainable and efficient energy solutions across various sectors.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of thermal energy storage. The growth and trends of thermal energy storage industry provide a holistic approach to this study.

MARKET SEGMENTATION:

This section of the thermal energy storage market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Product Type

Sensible Heat Storage
Latent Heat Storage
Thermochemical Heat Storage

By Technology

Molten Salt Technology
Electric Thermal Storage Heaters
Solar Energy Storage
Ice-Based Technology
Miscibility Gap Alloy Technology

By Storage Material

Molten Salt
Phase Change Material
Water

By Application

Process Heating & Cooling
District Heating & Cooling
Power Generation
Ice Storage Air-Conditioning
Others

By End-User

Industrial
Utilities
Residential & Commercial

REGIONAL ANALYSIS:

This section covers the regional outlook, which accentuates current and future demand for the Thermal Energy Storage market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Thermal Energy Storage market include BrightSource Energy Inc., SolarReserve LLC, Abengoa SA, Terrafore Technologies LLC, Baltimore Aircoil Company, Ice Energy, Caldwell Energy, Cryogel, Steffes Corporation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR112112810

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3 . THERMAL ENERGY STORAGE - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Product Type
- 3.7.2 Market Attractiveness Analysis By Technology
- 3.7.3 Market Attractiveness Analysis By Storage Material
- 3.7.4 Market Attractiveness Analysis By Application
- 3.7.5 Market Attractiveness Analysis By End-user
- 3.7.6 Market Attractiveness Analysis By Region

4 . VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . GLOBAL THERMAL ENERGY STORAGE MARKET ANALYSIS BY PRODUCT TYPE

5.1 Overview by Product Type
5.2 Historical and Forecast Data
5.3 Analysis by Product Type
5.4 Sensible Heat Storage Historic and Forecast Sales by Regions
5.5 Latent Heat Storage Historic and Forecast Sales by Regions
5.6 Thermochemical Heat Storage Historic and Forecast Sales by Regions

6 . GLOBAL THERMAL ENERGY STORAGE MARKET ANALYSIS BY TECHNOLOGY

6.1 Overview by Technology
6.2 Historical and Forecast Data
6.3 Analysis by Technology
6.4 Molten Salt Technology Historic and Forecast Sales by Regions
6.5 Electric Thermal Storage Heaters Historic and Forecast Sales by Regions
6.6 Solar Energy Storage Historic and Forecast Sales by Regions
6.7 Ice-based Technology Historic and Forecast Sales by Regions
6.8 Miscibility Gap Alloy Technology Historic and Forecast Sales by Regions

7 . GLOBAL THERMAL ENERGY STORAGE MARKET ANALYSIS BY STORAGE MATERIAL

7.1 Overview by Storage Material
7.2 Historical and Forecast Data
7.3 Analysis by Storage Material
7.4 Molten Salt Historic and Forecast Sales by Regions
7.5 Phase Change Material Historic and Forecast Sales by Regions
7.6 Water Historic and Forecast Sales by Regions

8 . GLOBAL THERMAL ENERGY STORAGE MARKET ANALYSIS BY APPLICATION

8.1 Overview by Application
8.2 Historical and Forecast Data
8.3 Analysis by Application
8.4 Process Heating & Cooling Historic and Forecast Sales by Regions
8.5 District Heating & Cooling Historic and Forecast Sales by Regions
8.6 Power Generation Historic and Forecast Sales by Regions
8.7 Ice storage air-conditioning Historic and Forecast Sales by Regions
8.8 Others Historic and Forecast Sales by Regions

9 . GLOBAL THERMAL ENERGY STORAGE MARKET ANALYSIS BY END-USER

9.1 Overview by End-user
9.2 Historical and Forecast Data
9.3 Analysis by End-user
9.4 Industrial Historic and Forecast Sales by Regions
9.5 Utilities Historic and Forecast Sales by Regions
9.6 Residential & Commercial Historic and Forecast Sales by Regions

10 . GLOBAL THERMAL ENERGY STORAGE MARKET ANALYSIS BY GEOGRAPHY

10.1. Regional Outlook
10.2. Introduction
10.3. North America Sales Analysis
- 10.3.1. Overview, Historic and Forecast Data Sales Analysis
- 10.3.2. North America By Segment Sales Analysis
- 10.3.3. North America By Country Sales Analysis
- 10.3.4. United State Sales Analysis
- 10.3.5. Canada Sales Analysis
- 10.3.6. Mexico Sales Analysis
10.4. Europe Sales Analysis
- 10.4.1. Overview, Historic and Forecast Data Sales Analysis
- 10.4.2. Europe by Segment Sales Analysis
- 10.4.3. Europe by Country Sales Analysis
- 10.4.4. United Kingdom Sales Analysis
- 10.4.5. France Sales Analysis
- 10.4.6. Germany Sales Analysis
- 10.4.7. Italy Sales Analysis
- 10.4.8. Russia Sales Analysis
- 10.4.9. Rest Of Europe Sales Analysis
10.5. Asia Pacific Sales Analysis
- 10.5.1. Overview, Historic and Forecast Data Sales Analysis
- 10.5.2. Asia Pacific by Segment Sales Analysis
- 10.5.3. Asia Pacific by Country Sales Analysis
- 10.5.4. China Sales Analysis
- 10.5.5. India Sales Analysis
- 10.5.6. Japan Sales Analysis
- 10.5.7. South Korea Sales Analysis
- 10.5.8. Australia Sales Analysis
- 10.5.9. South East Asia Sales Analysis
- 10.5.10. Rest Of Asia Pacific Sales Analysis
10.6. Latin America Sales Analysis
- 10.6.1. Overview, Historic and Forecast Data Sales Analysis
- 10.6.2. Latin America by Segment Sales Analysis
- 10.6.3. Latin America by Country Sales Analysis
- 10.6.4. Brazil Sales Analysis
- 10.6.5. Argentina Sales Analysis
- 10.6.6. Peru Sales Analysis
- 10.6.7. Chile Sales Analysis
- 10.6.8. Rest of Latin America Sales Analysis
10.7. Middle East & Africa Sales Analysis
- 10.7.1. Overview, Historic and Forecast Data Sales Analysis
- 10.7.2. Middle East & Africa by Segment Sales Analysis
- 10.7.3. Middle East & Africa by Country Sales Analysis
- 10.7.4. Saudi Arabia Sales Analysis
- 10.7.5. UAE Sales Analysis
- 10.7.6. Israel Sales Analysis
- 10.7.7. South Africa Sales Analysis
- 10.7.8. Rest Of Middle East And Africa Sales Analysis

11 . COMPETITIVE LANDSCAPE OF THE THERMAL ENERGY STORAGE COMPANIES

11.1. Thermal Energy Storage Market Competition
11.2. Partnership/Collaboration/Agreement
11.3. Merger And Acquisitions
11.4. New Product Launch
11.5. Other Developments

12 . COMPANY PROFILES OF THERMAL ENERGY STORAGE INDUSTRY

12.1. Company Share Analysis
12.2. Market Concentration Rate
12.3. BrightSource Energy Inc.
- 12.3.1. Company Overview
- 12.3.2. Company Revenue
- 12.3.3. Products
- 12.3.4. Recent Developments
12.4. SolarReserve LLC
- 12.4.1. Company Overview
- 12.4.2. Company Revenue
- 12.4.3. Products
- 12.4.4. Recent Developments
12.5. Abengoa SA
- 12.5.1. Company Overview
- 12.5.2. Company Revenue
- 12.5.3. Products
- 12.5.4. Recent Developments
12.6. Terrafore Technologies LLC
- 12.6.1. Company Overview
- 12.6.2. Company Revenue
- 12.6.3. Products
- 12.6.4. Recent Developments
12.7. Baltimore Aircoil Company
- 12.7.1. Company Overview
- 12.7.2. Company Revenue
- 12.7.3. Products
- 12.7.4. Recent Developments
12.8. Ice Energy
- 12.8.1. Company Overview
- 12.8.2. Company Revenue
- 12.8.3. Products
- 12.8.4. Recent Developments
12.9. Caldwell Energy
- 12.9.1. Company Overview
- 12.9.2. Company Revenue
- 12.9.3. Products
- 12.9.4. Recent Developments
12.10. Cryogel
- 12.10.1. Company Overview
- 12.10.2. Company Revenue
- 12.10.3. Products
- 12.10.4. Recent Developments
12.11. Steffes Corporation
- 12.11.1. Company Overview
- 12.11.2. Company Revenue
- 12.11.3. Products
- 12.11.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies