Connect with us

Hi, what are you looking for?

Thermal Energy Storage Market 2022-2027: Global Size, Share, Growth Analysis, Top Companies, and Report

The latest report by IMARC Group, titled “Thermal Energy Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the global thermal energy storage market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global thermal energy storage market reached a value of US$ 5.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.5 Billion by 2027, exhibiting at a CAGR of 10.4% during 2022-2027. Thermal energy storage is a power storage solution that transfers and retains energy obtained from water, ice, cold air, etc. It is based on miscibility gap alloy technology (MGA) utilizing molten ice and salt. The system stores cold or hot energy to power electrical systems installed in residential and commercial complexes. Thermal energy storage is also utilized for storing solar energy during summers, which can be later consumed in winters. Owing to this, the storage systems aid in reducing the high-power demand from the conventional grid systems.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.


Request Free Sample Report:
 https://www.imarcgroup.com/thermal-energy-storage-market/requestsample

Important Attribute and highlights of the Report:

  • Detailed analysis of the global market share
  • Market Segmentation
  • Historical, current, and projected size of the market in terms of volume and value
  • Latest industry trends and developments
  • Competitive Landscape
  • Strategies of major players and product offerings

Global Thermal Energy Storage Market Trends:

The rising awareness towards energy conservation, along with the growing adoption of renewable energy sources, is primarily driving the demand for thermal energy storage. Moreover, the integration of concentrated solar power with thermal energy storage system improves grid flexibility and minimizes efficiency losses. Thermal energy storage systems are increasingly being employed in heating, ventilation, and air conditioning (HVAC) technology for large-scale cooling and heating. The escalating installation of these systems in green buildings is further contributing to the market growth. Besides this, the implementation of favorable government initiatives to promote sustainable infrastructural development is anticipated to propel the growth of the thermal energy storage market in the coming years.

Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/thermal-energy-storage-market

Key Market Segmentation:             

Competitive Landscape:                                

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Abengoa Solar S.A.
  • Baltimore Aircoil Company Inc.
  • Brightsource Energy Inc.
  • Burns & McDonnell Inc.
  • Chicago Bridge & Iron Company (McDermott International)
  • DC Pro Engineering
  • Fafco Inc.
  • Solarreserve LLC
  • Steffes Corporation
  • Terrafore Technologies LLC

Breakup by Storage Type:

  • Sensible Heat Storage
  • Latent Heat Storage
  • Thermochemical Heat Storage

Breakup by Technology:

  • Molten Salt Technology
  • Electric Thermal Storage Heaters
  • Solar Energy Storage
  • Ice-Based Technology
  • Miscibility Gap Alloy Technology (MGA)
  • Others

Breakup by Material Type:

  • Water
  • Molten Salt
  • Phase Change Materials (PCM)
  • Others

Breakup by Application:

  • Power Generation
  • District Heating and Cooling
  • Process Heating and Cooling

Breakup by End-Use:

  • Residential and Commercial Sector
  • Utility Industry
  • Other Industries

Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • COVID-19 Impact on the Market
  • Porter’s Five Forces Analysis
  • Historical, Current and Future Market Trends
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Structure of the Market
  • Value Chain Analysis
  • Comprehensive Mapping of the Competitive Landscape

TOC for the Report:

  • Preface
  • Scope and Methodology
  • Executive Summary
  • Introduction
  • Global Market
  • SWOT Analysis
  • Value Chain Analysis
  • Price Analysis
  • Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Browse Related Report by IMARC Group:

Home Audio Equipment Market Size Report

In-Vitro Diagnostics Packaging Market Size Report

Electric Power Transmission and Distribution Equipment Market Size Report

Biodegradable Mulch Films Market Size Report

Educational Robot Market Size Report

Over the Top (OTT) Market Size Report

Electrophysiology Devices Market Size Report

Satellite Manufacturing and Launch System Market Size Report

Handbag Market Size Report

Digital Signage Market Size Report

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact US

IMARC Group          
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Written By

You may also like:

Life

Their stories are divided into before and after.

Social Media

Wanna buy some ignorance? You’re in luck.

Tech & Science

Under new legislation that passed the House of Representatives last week, TikTok could be banned in the United States.

Life

Platforms like Instagram and Pinterest often suggest travel destinations based on your likes and viewing habits.