Thermal Energy Storage Market - Global Industry Analysis,Share, Growth, Trends, Forecast 2014 – 2020

Transparency Market
Research
Thermal Energy Storage Market - Global Industry Analysis, Size,
Share, Growth, Trends, and Forecast 2014 – 2020
Published Date
21-01-2015
122 Page Report
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Press Release
Thermal Energy Storage Market to be Hampered by High Upfront
Investments
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Thermal Energy Storage Market
REPORT DESCRIPTION
Transparency Market Research (TMR) has recently published a new market research report titled “Thermal
Energy Storage Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2020”.
According to the report, in 2013, the global thermal energy storage market stood at US$627.6 million and
is anticipated to touch US$1,818.8 million by the end of 2020, exhibiting a 16.7% CAGR from 2014 to
2020. In terms of installed capacity, the global thermal energy storage was at 2,038.3 MW in 2013 and is
expected to be 6,070.2 MW by the end of 2020, showcasing a 17.1% CAGR from 2014 to 2020.The rising
global need for reliable, efficient, and cost-competitive electricity is propelling the growth of the global
thermal energy storage market. However, grid interconnection and requirement of high upfront investment
is the restraining factor for this market.
Browse the full Thermal Energy Storage Market report at :
http://www.transparencymarketresearch.com/thermal-energy-storage-market.html
The global thermal energy storage market has been categorized according to the technology used in the
system into the segments of latent heat, thermochemical heat, and sensible heat. Sensible heat
technology is used widely in the current market scenario and is anticipated to lead the global thermal
energy storage market between 2014 and 2020. Nevertheless, the market share of sensible heat storage
technology is expected to decline due to its low storage capacity per volume of the storage medium and
advancements in other technologies such as latent heat and thermochemical heat storage. The high
energy density offered by the latent and thermochemical heat storage systems will help these two erode
the dominant market share of sensible heat storage systems.
The global thermal energy storage market, on the basis of end-use application, has been segmented into
the utilities, commercial and industrial, and residential segments. In 2013, the commercial and industrial
segment led the market, owing to the increasing demand for backup power supply and rising energy
prices. The market has been segmented geographically into Europe, Asia Pacific, North America, and Rest
of the World. In 2013, Europe dominated the global thermal energy storage market in terms of capacity
installation and is expected to further retain its position in the near future. Europe is expected to add
installed capacity of around 1,307.0 MW by the end of 2020, owing to the region’s strong emphasis on
energy efficiency and rising demand for renewable energy generation from this region. In addition, huge
investment in solar thermal energy is also driving the growth of the market in Europe.
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In comparison, North America is a relatively mature market and is expected to showcase moderate to high
growth from 2014 to 2020. Furthermore, Asia Pacific is anticipated to propel the demand for thermal
energy storage market, owing to the rising need to work towards a sustainable and energy-efficient future.
Economies in Africa and the Middle East have set determined targets for expansion of the share of
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renewable energy sources in the global power generation portfolio, which will fuel the thermal energy
storage market in RoW in the near future.
The report further discusses the leading companies in the global thermal energy storage market such as
Abengoa Solar, S.A., CALMAC, Ice Lings, Steffes Corporation, Baltimore Aircoil Company, BrightSource
Energy, Inc., Goss Engineering, Inc., TAS Energy, FAFCO Thermal Storage Systems, Burns & McDonnell,
Caldwell Energy, and EVAPCO, Inc.
Browse the full Press Release : http://www.transparencymarketresearch.com/pressrelease/thermalenergy-storage-market.htm
TABLE OF CONTENT
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
Chapter 2 Executive Summary
Chapter 3 Global Thermal Energy Storage Market – Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.1.1 Growth in Variable Energy Sources (VES) Drives Adoption of Thermal Energy Storage
Technologies
3.3.1.2 Deferral of Transmission and Distribution Upgrades through the Deployment of Thermal
Energy Storage Technologies
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3.3.1.3 Increasing Desire for Access to Efficient, Reliable, and Price-Competitive Electricity Propels
Growth in the Market
3.3.2 Market Restraints
3.3.2.1 High Upfront Investment and Grid Interconnection Barriers Hamper Growth of the Market
3.3.3 Market Opportunity
3.3.3.1 Latent Heat Storage Advancing as an Emerging Application Area of Thermal Energy
Storage Systems
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat from Substitutes
3.4.4 Threat from New Entrants
3.4.5 Degree of Competition
3.5 Market Attractiveness Analysis
3.5.1 Market Attractiveness Analysis of Global Thermal Energy Storage Market, by Technology
Segment, 2013
3.5.2 Market Attractiveness Analysis of Global Thermal Energy Storage Market, by Regional Segment,
2013
3.6 Company Market Share Analysis
3.6.1 Global Thermal Energy Storage Market: Company Market Share Analysis, 2013
Chapter 4 Global Thermal Energy Storage Market – List and Analysis of Thermal Energy
Storage Project
4.1 List of Thermal Energy Storage Projects by Technology, by Country, 2013
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4.2 List of Thermal Energy Storage Projects by Installation Type, by Country, by 2013
Chapter 5 Global Thermal Energy Storage Market – Technology Segment Analysis
5.1 Global Thermal Energy Storage Market: Technology Segment Overview
5.1.1 Global Thermal Energy Storage Capacity Installation Estimates and Forecast, by Technology
Segment, 2013 & 2020, (MW)
5.2 Sensible Heat
5.2.1 Global Sensible Heat Thermal Energy Storage Capacity Installation Estimates and Forecast, by
Regional Segment, 2013 & 2020, (MW)
5.2.2 Global Sensible Heat Thermal Energy Storage Capacity Installation and Market Revenue
Estimates and Forecast, 2013 – 2020, (MW) (USD Million)
5.2.3 Global Sensible Heat Thermal Energy Storage Capacity Installation and Market Revenue
Estimates and Forecast, by Regional Segment, 2013 – 2020, (MW) (USD Million)
5.3 Latent Heat
5.3.1 Global Latent Heat Thermal Energy Storage Capacity Installation Estimates and Forecast, by
Regional Segment, 2013 & 2020, (MW)
5.3.2 Global Latent Heat Thermal Energy Storage Capacity Installation and Market Revenue Estimates
and Forecast, 2013 – 2020, (MW) (USD Million)
5.3.3 Global Latent Heat Thermal Energy Storage Capacity Installation and Market Revenue Estimates
and Forecast, by Regional Segment, 2013 – 2020, (MW) (USD Million)
5.4 Thermochemical
5.4.1 Global Thermochemical Thermal Energy Storage Capacity Installation Estimates and Forecast, by
Regional Segment, 2013 & 2020, (MW)
5.4.2 Global Thermochemical Thermal Energy Storage Capacity Installation and Market Revenue
Estimates and Forecast, 2013 – 2020, (MW) (USD Million)
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5.4.3 Global Thermochemical Thermal Energy Storage Capacity Installation and Market Revenue
Estimates and Forecast, by Regional Segment, 2013 – 2020, (MW) (USD Million)
Chapter 6 Global Thermal Energy Storage Market – End Use Segment Analysis
6.1 Global Thermal Energy Storage Market: End Use Segment Overview
6.1.1 Global Thermal Energy Storage Capacity Installation Estimates and Forecast, by End Use
Segment, 2013 & 2020, (MW)
6.2 Commercial and Industrial
6.2.1 Global Commercial and Industrial Thermal Energy Storage Capacity Installation Estimates and
Forecast, by Regional Segment, 2013 & 2020, (MW)
6.2.2 Global Commercial and Industrial Thermal Energy Storage Capacity Installation and Market
Revenue Estimates and Forecast, 2013 – 2020, (MW) (USD Million)
6.2.3 Global Commercial and Industrial Thermal Energy Storage Capacity Installation and Market
Revenue Estimates and Forecast, by Regional Segment, 2013 – 2020, (MW) (USD Million)
6.3 Utilities
6.3.1 Global Utilities Thermal Energy Storage Capacity Installation Estimates and Forecast, by Regional
Segment, 2013 & 2020, (MW)
6.3.2 Global Utilities Thermal Energy Storage Capacity Installation and Market Revenue Estimates and
Forecast, 2013 – 2020, (MW) (USD Million)
6.3.3 Global Utilities Thermal Energy Storage Capacity Installation and Market Revenue Estimates and
Forecast, by Regional Segment, 2013 – 2020, (MW) (USD Million)
6.4 Residential
6.4.1 Global Residential Thermal Energy Storage Capacity Installation Estimates and Forecast, by
Regional Segment, 2013 & 2020, (MW)
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6.4.2 Global Residential Thermal Energy Storage Capacity Installation and Market Revenue Estimates
and Forecast, 2013 – 2020, (MW) (USD Million)
6.4.3 Global Residential Thermal Energy Storage Capacity Installation and Market Revenue Estimates
and Forecast, by Regional Segment, 2013 – 2020, (MW) (USD Million)
Chapter 7 Global Thermal Energy Storage Market – Regional Analysis
7.1 Global Thermal Energy Storage Market: Regional Overview
7.1.1 Global Thermal Energy Storage Capacity Installation Estimates and Forecast, by Region, 2013 &
2020, (MW)
7.2 North America
7.2.1 North America Thermal Energy Storage Capacity Installation and Market Revenue Estimates and
Forecast, 2013 – 2020, (MW) (USD Million)
7.2.2 North America Thermal Energy Storage Capacity Installation and Market Revenue Estimates and
Forecast, by Technology Segment, 2013 – 2020, (MW) (USD Million)
7.2.3 North America Thermal Energy Storage Capacity Installation and Market Revenue Estimates and
Forecast, by End Use Segment, 2013 – 2020 (MW) (USD Million)
7.3 Europe
7.3.1 Europe Thermal Energy Storage Capacity Installation and Market Revenue Estimates and
Forecast, 2013 – 2020, (MW) (USD Million)
7.3.2 Europe Thermal Energy Storage Capacity Installation and Market Revenue Estimates and
Forecast, by Technology Segment, 2013 – 2020, (MW) (USD Million)
7.3.3 Europe Thermal Energy Storage Capacity Installation and Market Revenue Estimates and
Forecast, by End Use Segment, 2013 – 2020, (MW) (USD Million)
7.4 Asia Pacific
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7.4.1 Asia Pacific Thermal Energy Storage Capacity Installation and Market Revenue Estimates and
Forecast, 2013 – 2020, (MW) (USD Million)
7.4.2 Asia Pacific Thermal Energy Storage Capacity Installation and Market Revenue Estimates and
Forecast, by Technology Segment, 2013 – 2020, (MW) (USD Million)
7.4.3 Asia Pacific Thermal Energy Storage Capacity Installation and Market Revenue Estimates and
Forecast, by End Use Segment, 2013 – 2020, (MW) (USD Million)
7.5 Rest of the World (RoW)
7.5.1 Rest of the World (RoW) Thermal Energy Storage Capacity Installation and Market Revenue
Estimates and Forecast, 2013 – 2020, (MW) (USD Million)
7.5.2 Rest of the World (RoW) Thermal Energy Storage Capacity Installation and Market Revenue
Estimates and Forecast, by Technology Segment, 2013 – 2020, (MW) (USD Million)
7.5.3 Rest of the World (RoW) Thermal Energy Storage Capacity Installation and Market Revenue
Estimates and Forecast, by End Use Segment, 2013 – 2020, (MW) (USD Million)
Chapter 8 Company Profiles
8.1 Abengoa Solar, S.A.
8.1.1 Company Overview
8.1.2 Financial Overview
8.1.3 Business Strategy
8.1.4 Recent Developments
8.2 Baltimore Aircoil Company
8.2.1 Company Overview
8.2.2 Financial Overview
8.2.3 Business Strategy
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8.2.4 Recent Developments
8.3 BrightSource Energy, Inc.
8.3.1 Company Overview
8.3.2 Financial Overview
8.3.3 Business Strategy
8.3.4 Recent Developments
8.4 Burns & McDonnell
8.4.1 Company Overview
8.4.2 Financial Overview
8.4.3 Business Strategy
8.4.4 Recent Developments
8.5 Caldwell Energy
8.5.1 Company Overview
8.5.2 Financial Overview
8.5.3 Business Strategy
8.5.4 Recent Developments
8.6 CALMAC
8.6.1 Company Overview
8.6.2 Financial Overview
8.6.3 Business Strategy
8.6.4 Recent Developments
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8.7 Chicago Bridge & Iron Company (CB&I)
8.7.1 Company Overview
8.7.2 Financial Overview
8.7.3 Business Strategy
8.7.4 Recent Developments
8.8 EVAPCO, Inc.
8.8.1 Company Overview
8.8.2 Financial Overview
8.8.3 Business Strategy
8.8.4 Recent Developments
8.9 FAFCO Thermal Storage Systems
8.9.1 Company Overview
8.9.2 Financial Overview
8.9.3 Business Strategy
8.9.4 Recent Development
8.10 Goss Engineering, Inc.
8.10.1 Company Overview
8.10.2 Financial Overview
8.10.3 Business Strategy
8.10.4 Recent Developments
8.11 Ice Lings
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8.11.1 Company Overview
8.11.2 Financial Overview
8.11.3 Business Strategy
8.11.4 Recent Developments
8.12 Steffes Corporation
8.12.1 Company Overview
8.12.2 Financial Overview
8.12.3 Business Strategy
8.12.4 Recent Development
8.13 TAS Energy
8.13.1 Company Overview
8.13.2 Financial Overview
8.13.3 Business Strategy
8.13.4 Recent Developments
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According to the report, in 2013, the global thermal energy storage market stood at US$627.6 million and is anticipated to touch US$1,818.8 million by the end of 2020, exhibiting a 16.7% CAGR from 2014 to 2020. In terms of installed capacity, the global thermal energy storage was at 2,038.3 MW in 2013 and is expected to be 6,070.2 MW by the end of 2020, showcasing a 17.1% CAGR from 2014 to 2020.The rising global need for reliable, efficient, and cost-competitive electricity is propelling the growth of the global thermal energy storage market. However, grid interconnection and requirement of high upfront investment is the restraining factor for this market. Browse the full Thermal Energy Storage Market report at : http://www.transparencymarketresearch.com/thermal-energy-storage-market.html