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Ice Thermal Energy Storage Market 2019-2026 Trends: Global Mainframe Market Comprehensive Insights

03-04-2020 06:54 PM CET | Energy & Environment

Press release from: allied market research

Ice Thermal Energy Storage Market 2019-2026 Trends: Global

The increase in demand for industrial gas turbines to generate power is also expected to drive the growth of the market. However, the high maintenance cost of ice thermal energy storage systems is expected to restrain the growth of the ice thermal energy storage market. Meanwhile, the introduction of new technological solutions for ice thermal energy storage systems is expected to offer lucrative growth opportunities for the market.

Ice thermal energy storage is a technology that stores thermal energy in ice. Ice thermal energy storage is mostly used in air conditioners for cooling purposes. It is mainly divided into two groups, namely, dynamic and static systems. The produced ice energy can be used directly or indirectly to chill a product, building, or system.

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Factors that are expected to fuel the growth of the global ice thermal energy storage market are storing ice which has a number of benefits making it more sustainable and cost-effective energy storage option for building managers to consider it as a part of their energy management plans. Additionally, the rapid industrialization and urbanization across developed economies like India and China has led to construction of new business centers and IT parks.

The global ice thermal energy storage market is segmented on the basis of application, end-use, and region. Based on application, it is classified into refrigerator, air conditioner, and thermal battery. End-use, is segmented into industrial, institutional, and commercial.

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Key Benefits for Stakeholders:
o The global ice thermal energy storage market size has been analyzed across four major regions.
o Porter's five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of ice thermal energy storage for strategy building.
o The report outlines the current market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets. The market is forecasted for 2019-2026.
o Major countries in each region have been mapped according to their individual revenue contribution to the regional market.

Some of the key players operating in the ice thermal energy storage industry are Ice Energy, CALMAC, Araner, Vogt Ice, Emerson Swan Inc., FVB Energy Inc., AllCell Technologies LLC., Linde, ERGINTECH, and Halvorson Trane.

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Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client's insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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