Global Thermal Energy Storage Market

- Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025

  • Date Energy and Power
  • Date March 2017
  • price $3995
 
 

Global Thermal Energy Storage Market Overview:


Global thermal energy storage market is estimated to grow at a CAGR of 17.2% from 2017 to 2025. Thermal energy storage (TES) is the technology in which utilization of thermal energy is carried out through heating or cooling of a storage medium. The energy is stored and can be utilized for heating and cooling applications along with power generation. The storage medium used for TES system includes water or ice-slush tank. It depends on storage capacity required from small to large, deep aquifers, or pits equipped with gravel and coupled with heat-exchanger systems for regulation of temperature. TES systems are beneficial due to their ability to balance demand and supply of energy on a daily, weekly, and seasonal basis. Moreover, it reduces energy demand, CO2 emissions & costs, energy consumption. On the other hand, it raises overall efficiency of energy systems.

Market Drivers and Restraints:

The global thermal energy storage market is driven by factors including rise in variable energy sources (VES) along with increase in demand for reliable, efficient, and price-competitive electricity. On the other hand, high initial cost and barriers in grid interconnections limit growth of the industry.

Market Segmentation:

By Type

  • Heat Storage
  • Solar Storage

By Technology

  • Sensible Heat
  • Latent Heat
  • Thermochemical

By End-use

  • Commercial & Industrial
  • Utilities
  • Residential

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • South Korea
    • Japan
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Africa
    • Turkey
    • Rest of LAMEA

Key Market Players:

Key players active in the global thermal energy storage market are analyzed in the report to assist leading players and startups determine market competition along with strategies to be adopted to gain leadership position. Industry players analyzed in the study include Abengoa Solar, Evapco, Inc., BrightSource Energy, Inc., Baltimore Aircoil Company, Calmac, Caldwell Energy, Cristopia Energy Systems, FAFCO Thermal Storage Systems, Goss Engineering, Inc., and DC Pro Engineering LLC. They have implemented various strategies such as collaborations, partnerships, mergers & acquisitions, joint ventures, expansions, and others to gain stronghold in the global industry.

Key Takeaways from the Report:
  • The research provides an extensive analysis of the global thermal energy storage market based on current market scenario and estimations for the future.  
  • The research offers detailed information on changing market trends to help industry players determine current market conditions and investment feasibility.
  • The report offers detailed analysis of drivers, restraints, and opportunities along with their impact on the industry.
  • The research on the global thermal energy storage market provides detailed analysis and statistics for the historic period and the forecast period along with strategies to be implemented to gain stronghold in the industry.
  • Trends in the market are discussed for the period, 2014–2025, along with changing financial conditions of the industry.
  • Porter’s Five Forces Analysis (PFFA) provides insights on level of competition of the industry and highlights potency of suppliers and buyers.
1. Executive summary
1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and recent industry development analysis
2. Introduction
2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology
3. Market landscape
3.1. Growth Drivers
3.1.1. Impact Analysis
3.2. Restrains and Challenges
3.2.1. Impact Analysis
3.3. Porter’s Analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Global Thermal Energy Storage Market Shares Analysis, 2014-2025
3.4.1. Global thermal energy storage market share by type, 2014-2025
3.4.2. Global thermal energy storage market share by technology, 2014-2025
3.4.3. Global thermal energy storage market share by end-use, 2014-2025
3.4.4. Global thermal energy storage market share by geography, 2014-2025
4. Market By Type
4.1. Heat Storage
4.1.1. Historical Market Size by Region, 2014-2014-2025
4.1.2. Market Forecast by Region, 2017-2025
4.2. Solar Storage
4.2.1. Historical Market Size by Region, 2014-2014-2025
4.2.2. Market Forecast by Region, 2017-2025
5. Market By Technology
5.1. Sensible Heat
5.1.1. Historical Market Size by Region, 2014-2014-2025
5.1.2. Market Forecast by Region, 2017-2025
5.2. Latent Heat
5.2.1. Historical Market Size by Region, 2014-2014-2025
5.2.2. Market Forecast by Region, 2017-2025
5.3. Thermochemical
5.3.1. Historical Market Size by Region, 2014-2014-2025
5.3.2. Market Forecast by Region, 2017-2025
6. Market By End-Use
6.1. Commercial & Industrial
6.1.1. Historical Market Size by Region, 2014-2014-2025
6.1.2. Market Forecast by Region, 2017-2025
6.2. Utilities
6.2.1. Historical Market Size by Region, 2014-2014-2025
6.2.2. Market Forecast by Region, 2017-2025
6.3. Residential
6.3.1. Historical Market Size by Region, 2014-2014-2025
6.3.2. Market Forecast by Region, 2017-2025
7. Market By Geography
7.1. North America
7.1.1. Historical Market Size, 2014-2014-2025
7.1.2. Market Forecast, 2017-2025
7.1.3. U.S.
7.1.3.1. Historical Market Size, 2014-2014-2025
7.1.3.2. Market Forecast, 2017-2025
7.1.4. Canada
7.1.4.1. Historical Market Size, 2014-2014-2025
7.1.4.2. Market Forecast, 2017-2025
7.1.5. Mexico
7.1.5.1. Historical Market Size, 2014-2014-2025
7.1.5.2. Market Forecast, 2017-2025
7.2. Europe
7.2.1. Historical Market Size, 2014-2014-2025
7.2.2. Market Forecast, 2017-2025
7.2.3. UK
7.2.3.1. Historical Market Size, 2014-2014-2025
7.2.3.2. Market Forecast, 2017-2025
7.2.4. Germany
7.2.4.1. Historical Market Size, 2014-2014-2025
7.2.4.2. Market Forecast, 2017-2025
7.2.5. France
7.2.5.1. Historical Market Size, 2014-2014-2025
7.2.5.2. Market Forecast, 2017-2025
7.2.6. Spain
7.2.6.1. Historical Market Size, 2014-2014-2025
7.2.6.2. Market Forecast, 2017-2025
7.2.7. Italy
7.2.7.1. Historical Market Size, 2014-2014-2025
7.2.7.2. Market Forecast, 2017-2025
7.2.8. Rest of Europe
7.2.8.1. Historical Market Size, 2014-2014-2025
7.2.8.2. Market Forecast, 2017-2025
7.3. Asia-Pacific
7.3.1. Historical Market Size, 2014-2014-2025
7.3.2. Market Forecast, 2017-2025
7.3.3. China
7.3.3.1. Historical Market Size, 2014-2014-2025
7.3.3.2. Market Forecast, 2017-2025
7.3.4. Japan
7.3.4.1. Historical Market Size, 2014-2014-2025
7.3.4.2. Market Forecast, 2017-2025
7.3.5. India
7.3.5.1. Historical Market Size, 2014-2014-2025
7.3.5.2. Market Forecast, 2017-2025
7.3.6. Australia
7.3.6.1. Historical Market Size, 2014-2014-2025
7.3.6.2. Market Forecast, 2017-2025
7.3.7. South Korea
7.3.7.1. Historical Market Size, 2014-2014-2025
7.3.7.2. Market Forecast, 2017-2025
7.3.8. Rest of Asia-Pacific
7.3.8.1. Historical Market Size, 2014-2014-2025
7.3.8.2. Market Forecast, 2017-2025
7.4. LAMEA
7.4.1. Historical Market Size, 2014-2014-2025
7.4.2. Market Forecast, 2017-2025
7.4.3. Brazil
7.4.3.1. Historical Market Size, 2014-2014-2025
7.4.3.2. Market Forecast, 2017-2025
7.4.4. South Africa
7.4.4.1. Historical Market Size, 2014-2014-2025
7.4.4.2. Market Forecast, 2017-2025
7.4.5. Saudi Arabia
7.4.5.1. Historical Market Size, 2014-2014-2025
7.4.5.2. Market Forecast, 2017-2025
7.4.6. Rest of LAMEA
7.4.6.1. Historical Market Size, 2014-2014-2025
7.4.6.2. Market Forecast, 2017-2025
8. Company profiles
8.1. Evapco, Inc.
8.1.1. Overview
8.1.2. Financials and business segments
8.1.3. Recent Developments
8.2. Abengoa Solar
8.2.1. Overview
8.2.2. Financials and business segments
8.2.3. Recent Developments
8.3. Baltimore Aircoil Company
8.3.1. Overview
8.3.2. Financials and business segments
8.3.3. Recent Developments
8.4. BrightSource Energy, Inc.
8.4.1. Overview
8.4.2. Financials and business segments
8.4.3. Recent Developments
8.5. Caldwell Energy
8.5.1. Overview
8.5.2. Financials and business segments
8.5.3. Recent Developments
8.6. Calmac
8.6.1. Overview
8.6.2. Financials and business segments
8.6.3. Recent Developments
8.7. FAFCO Thermal Storage Systems
8.7.1. Overview
8.7.2. Financials and business segments
8.7.3. Recent Developments
8.8. Cristopia Energy Systems
8.8.1. Overview
8.8.2. Financials and business segments
8.8.3. Recent Developments
8.9. Goss Engineering, Inc.
8.9.1. Overview
8.9.2. Financials and business segments
8.9.3. Recent Developments
8.10. DC Pro Engineering LLC
8.10.1. Overview
8.10.2. Financials and business segments
8.10.3. Recent Developments
 
List of Tables

Table 1. Thermal Energy Storage Market Share, by Type, 2014-2025, $million
Table 2. Thermal Energy Storage Market Share, by Technology, 2014-2025, $million
Table 3. Thermal Energy Storage Market Share, by End-use, 2014-2025, $million
Table 4. Thermal Energy Storage Market Share, by Region, 2014-2025, $million
Table 5. Thermal Energy Storage Market Value for Heat Storage, by Region, 2017-2025, $million
Table 6. Thermal Energy Storage Market Value for Solar Storage, by Region, 2017-2025, $million
Table 7. Thermal Energy Storage Market Value for Sensible Heat, by Region, 2017-2025, $million
Table 8. Thermal Energy Storage Market Value for Latent Heat, by Region, 2017-2025, $million
Table 9. Thermal Energy Storage Market Value for Thermochemical, by Region, 2017-2025, $million
Table 10. Thermal Energy Storage Market Value for Commercial & Industrial, by Region, 2017-2025, $million
Table 11. Thermal Energy Storage Market Value for Utilities, by Region, 2017-2025, $million
Table 12. Thermal Energy Storage Market Value for Residential, by Region, 2017-2025, $million
Table 13. Thermal Energy Storage Market Value for North America, by Country, 2014-2025, $million
Table 14. Thermal Energy Storage Market Value for North America, by Type, 2014-2025, $million
Table 15. Thermal Energy Storage Market Value for North America, by Technology, 2014-2025, $million
Table 16. Thermal Energy Storage Market Value for North America, by End-use, 2014-2025, $million
Table 17. Thermal Energy Storage Market Value for Europe, by Country, 2014-2025, $million
Table 18. Thermal Energy Storage Market Value for Europe, by Type, 2014-2025, $million
Table 19. Thermal Energy Storage Market Value for Europe, by Technology, 2014-2025, $million
Table 20. Thermal Energy Storage Market Value for Europe, by End-use, 2014-2025, $million
Table 21. Thermal Energy Storage Market Value for Asia-Pacific, by Country, 2014-2025, $million
Table 22. Thermal Energy Storage Market Value for Asia-Pacific, by Type, 2014-2025, $million
Table 23. Thermal Energy Storage Market Value for Asia-Pacific, by Technology, 2014-2025, $million
Table 24. Thermal Energy Storage Market Value for Asia-Pacific, by End-use, 2014-2025, $million
Table 25. Thermal Energy Storage Market Value for LAMEA, by Country, 2014-2025, $million
Table 26. Thermal Energy Storage Market Value for LAMEA, by Type, 2014-2025, $million
Table 27. Thermal Energy Storage Market Value for LAMEA, by Technology, 2014-2025, $million
Table 28. Thermal Energy Storage Market Value for LAMEA, by End-use, 2014-2025, $million
Table 29. Evapco, Inc. - Company Snapshot
Table 30. Abengoa Solar - Company Snapshot
Table 31. Baltimore Aircoil Company - Company Snapshot
Table 32. BrightSource Energy, Inc. - Company Snapshot
Table 33. Caldwell Energy - Company Snapshot
Table 34. Calmac - Company Snapshot
Table 35. FAFCO Thermal Storage Systems - Company Snapshot
Table 36. Cristopia Energy Systems - Company Snapshot
Table 37. Goss Engineering, Inc. - Company Snapshot
Table 38. DC Pro Engineering LLC - Company Snapshot

List of Figures

Figure 1. Thermal Energy Storage: Heat Storage Market Value, 2014-2014-2025, $million
Figure 2. Thermal Energy Storage: Solar Storage Market Value, 2014-2014-2025, $million
Figure 3. Thermal Energy Storage: Sensible Heat Market Value, 2014-2014-2025, $million
Figure 4. Thermal Energy Storage: Latent Heat Market Value, 2014-2014-2025, $million
Figure 5. Thermal Energy Storage: Thermochemical Market Value, 2014-2014-2025, $million
Figure 6. Thermal Energy Storage: Commercial & Industrial Market Value, 2014-2014-2025, $million
Figure 7. Thermal Energy Storage: Utilities Market Value, 2014-2014-2025, $million
Figure 8. Thermal Energy Storage: Residential Market Value, 2014-2014-2025, $million
Figure 9. Thermal Energy Storage: U.S. Market Value, 2014-2014-2025, $million
Figure 10. Thermal Energy Storage: U.S. Market Value, 2017-2025, $million
Figure 11. Thermal Energy Storage: Canada Market Value, 2014-2014-2025, $million
Figure 12. Thermal Energy Storage: Canada Market Value, 2017-2025, $million
Figure 13. Thermal Energy Storage: Mexico Market Value, 2014-2014-2025, $million
Figure 14. Thermal Energy Storage: Mexico Market Value, 2017-2025, $million
Figure 15. Thermal Energy Storage: UK Market Value, 2014-2014-2025, $million
Figure 16. Thermal Energy Storage: UK Market Value, 2017-2025, $million
Figure 17. Thermal Energy Storage: Germany Market Value, 2014-2014-2025, $million
Figure 18. Thermal Energy Storage: Germany Market Value, 2017-2025, $million
Figure 19. Thermal Energy Storage: France Market Value, 2014-2014-2025, $million
Figure 20. Thermal Energy Storage: France Market Value, 2017-2025, $million
Figure 21. Thermal Energy Storage: Spain Market Value, 2014-2014-2025, $million
Figure 22. Thermal Energy Storage: Spain Market Value, 2017-2025, $million
Figure 23. Thermal Energy Storage: Italy Market Value, 2014-2014-2025, $million
Figure 24. Thermal Energy Storage: Italy Market Value, 2017-2025, $million
Figure 25. Thermal Energy Storage: Rest of Europe Market Value, 2014-2014-2025, $million
Figure 26. Thermal Energy Storage: Rest of Europe Market Value, 2017-2025, $million
Figure 27. Thermal Energy Storage: China Market Value, 2014-2014-2025, $million
Figure 28. Thermal Energy Storage: China Market Value, 2017-2025, $million
Figure 29. Thermal Energy Storage: Japan Market Value, 2014-2014-2025, $million
Figure 30. Thermal Energy Storage: Japan Market Value, 2017-2025, $million
Figure 31. Thermal Energy Storage: India Market Value, 2014-2014-2025, $million
Figure 32. Thermal Energy Storage: India Market Value, 2017-2025, $million
Figure 33. Thermal Energy Storage: Australia Market Value, 2014-2014-2025, $million
Figure 34. Thermal Energy Storage: Australia Market Value, 2017-2025, $million
Figure 35. Thermal Energy Storage: South Korea Market Value, 2014-2014-2025, $million
Figure 36. Thermal Energy Storage: South Korea Market Value, 2017-2025, $million
Figure 37. Thermal Energy Storage: Rest of Asia-Pacific Market Value, 2014-2014-2025, $million
Figure 38. Thermal Energy Storage: Rest of Asia-Pacific Market Value, 2017-2025, $million
Figure 39. Thermal Energy Storage: Brazil Market Value, 2014-2014-2025, $million
Figure 40. Thermal Energy Storage: Brazil Market Value, 2017-2025, $million
Figure 41. Thermal Energy Storage: Saudi Arabia Market Value, 2014-2014-2025, $million
Figure 42. Thermal Energy Storage: Saudi Arabia Market Value, 2017-2025, $million
Figure 43. Thermal Energy Storage: South Africa Market Value, 2014-2014-2025, $million
Figure 44. Thermal Energy Storage: South Africa Market Value, 2017-2025, $million
Figure 45. Thermal Energy Storage: Rest of LAMEA Market Value, 2014-2014-2025, $million
Figure 46. Thermal Energy Storage: Rest of LAMEA Market Value, 2017-2025, $million
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