Global Thermal Energy Storage market may see a growth rate of 13.05% by 2024 | Ice Energy, Calmac, DN Tanks, Abengoa Solar, SolarReserve, Burns & McDonnell

Global Thermal Energy Storage Market Report from Advance Market Analytics (AMA) covers market characteristics, size and growth, segmentation, regional breakdowns, competitive landscape, market shares, trends and strategies for this market. The market characteristics section of the report defines and explains the market. The market size section gives the electronic equipment market revenues, covering both the historic growth of the market and forecasting the future. Drivers and restraints looks at the external factors supporting and controlling the growth of the market. Market segmentations break down the key sub sectors which make up the market. The regional breakdowns section gives the size of the market geographically.

Growing adoption of renewable energy sources as well as rising demand for continuous power supply will help to boost global thermal energy storage market. Thermal energy storage system allows for the storage of extra thermal energy and its consumption during the highest demand. It is mostly used for power generation in addition to heating and cooling applications. High adoption of thermal energy storage in heating, ventilation, and air conditioning (HVAC) for district heating & cooling is a major driver of the thermal energy storage market.

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Major Key Players in this Report Include,
Ice Energy (United States), Calmac (United States), DN Tanks (United States), Abengoa Solar (Spain), SolarReserve, LLC (United States), Burns & McDonnell (United States), Caldwell Energy (United States), Baltimore Aircoil Company Inc. (United States), Chicago Bridge & Iron Company (United States) and BrightSource Energy Inc. (United States)

Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in the last five years are identified. The trends and strategies section highlights the likely future developments in the market and suggests approaches.

On the basis of geography, the market of Thermal Energy Storage has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Spain, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Technology, the sub-segment i.e. Sensible Heat Storage will boost the Thermal Energy Storage market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

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The conclusions of this report illustrate the potential of the global Thermal Energy Storage Market in terms of investment potential in various segments of the market and illustrate the feasibility of explaining the feasibility of a new project to be successful in the near future. The core segmentation of the global market is based on product types, SMEs and large corporations. The report also collects data for each major player in the market based on current company profiles, gross margins, sales prices, sales revenue, sales volume, photos, product specifications and up-to-date contact information.

Table of Content
1. Market Overview
1.1. Introduction
1.2. Scope/Objective of the Study
1.2.1. Research Objective
2. Executive Summary
2.1. Introduction
3. Market Dynamics
3.1. Introduction
3.2. Market Drivers
3.2.1. High Adoption of Sensible Thermal Energy Storage
3.2.2. Expanding Requirement for Improving Energy Efficiency Along With Ongoing Energy Utilization Efforts
3.3. Market Challenges
3.3.1. High Installation Cost
3.3.2. Lack of Awareness about Storage Technology
3.4. Market Trends
3.4.1. High Adoption of Green Buildings
3.4.2. Growing Demand for Thermal Energy Storage Systems in HVAC
3.4.3. Government Incentives for Thermal Energy Storage Systems
4. Market Factor Analysis
4.1. Porters Five Forces
4.2. Supply/Value Chain
4.3. PESTEL analysis
4.4. Market Entropy
4.5. Patent/Trademark Analysis
5. Global Thermal Energy Storage, by Application, Technology, End User, Storage Material and Region (value) (2013-2018)

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