Thermal Energy Storage (TES) Market Research Methodologies Offers High Business Outlook growth 2021-2027
The global Thermal Energy Storage (TES) market size is projected to reach US$ 6019.7 million by 2027, from US$ 3817.1 million in 2020, at a CAGR of 6.3% during 2021-2027.
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Top Leading Companies of Global Thermal Energy Storage (TES) Market are - SolarReserve, Calmac, Abengoa Solar, BrightSource Energy, Ice Energy, Brenmiller Energy, Terrafore Technologies, Aalborg, Cristopia Energy Systems, SunCan, SaltX Technology Holding, Cryogel and others.
Industry News and Updates:
CIAT Launches Advanced Thermal Energy Storage System in UK
CIAT Group and its subsidiary Cristopia Energy Systems, which focuses on the design of thermal energy storage systems and control and supervision systems, has launched an advanced thermal energy storage (TES) system in the UK.
The system helps to reduce the load on the chiller and electrical power requirements by between 30 and 70 per cent for cooling production. CIAT is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp. (NYSE: UTX).
The heat storage medium absorbs solar radiation or other carriers' heat stored in the medium, which is released when the ambient temperature is lower than the medium temperature
The main factors driving this market growth include economic growth, population growth, rapid urbanization and new technologies in equipment.
The Thermal Energy Storage (TES) market in the U.S. is estimated at US$1.4 Billion in the year 2020. The country currently accounts for a 34.22% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$694.8 Million in the year 2027 trailing a CAGR of 8.1% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 5.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6% CAGR while Rest of European market (as defined in the study) will reach US$694.8 Million by the year 2027.
On The Basis of Types: -
Sensible Heat Regenerative
Latent Heat Storage
On The Basis of Application: -
The regions are further sub-divided into:
-North America: US, Mexico, Canada
-Europe: Russia, Ukraine, France, Spain, Sweden, Norway, Germany, Finland, Poland, Italy, United Kingdom, Greece, Austria, Denmark, Switzerland, Netherlands, Belgium, Turkey, Luxembourg
- Asia-Pacific: China, Japan, India, Australia, South Korea, Taiwan, Malaysia, Philippines, Thailand, Singapore
- South America: Brazil, Argentina, Peru, Chile
- Middle East and Africa: Bahrain, Egypt, Israel, Kuwait, Qatar, Saudi Arabia, United Arab Emirates, South Africa
Following are major Table of Content of Thermal Energy Storage (TES) Market:
–Overview of Thermal Energy Storage (TES) Market
–Global Market Status and Forecast by Regions
–Global Market Status and Forecast by Types
–Global Market Status and Forecast by Downstream Industry
–Market Driving Factor Analysis
–Market Competition Status by Major Manufacturers
–Major Manufacturers Introduction and Market Data
–Upstream and Downstream Market Analysis
–Cost and Gross Margin Analysis
–Marketing Status Analysis
–Market Report Conclusion
–Research Methodology and Reference
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Reasons to Purchase This Report:
-Thermal Energy Storage (TES) Market advancement outlooks with the new inventions and SWOT analysis.
-Market elements situation, alongside development chances of the market in the upcoming years.
-Market division investigation including subjective and quantitative exploration fusing the effect of financial and strategy viewpoints.
-Global as well as regional examination incorporating the demand and supply powers that are affecting the development of the market.
-Comprehensive organization profiles covering the product offerings, key financial information, recent developments and strategies by the key players.
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- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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