The thermal energy storage market is projected to reach US$ 31,964.26 million by 2030 from US$ 19,572.24 million in 2022, with an estimated CAGR of 6.3% from 2022 to 2030. The growing proliferation of renewable resources in the overall power mix and increasing focus on achieving zero carbon emissions in different states and countries fuel the thermal energy storage market growth. The volatile geopolitical scenarios worldwide have shown the importance of energy storage facilities in managing energy emergencies. In many energy storage facilities, thermal storage is one of the most cost-efficient and feasible options, driving the application of thermal energy storage technologies in residential, commercial, and industrial sectors globally.
Thermal Energy Storage Market Analysis
The energy resources for power generation primarily include coal, natural gas, nuclear, oil, and biomass. Renewable resources consist of solar, wind, and hybrid resources. After producing energy by leveraging different available resources, producers primarily distribute the generated energy to end-use or application areas. The generated energy is transmitted to end-use areas as per requirement, but the surplus amount of produced energy is stored for later usage. Advantages of using energy storage Include a balanced supply of energy, reduced costs in peak hours, and proper utilization of stored surplus energy when required. BrightSource Energy Inc., Abengoa SA, Baltimore.
Thermal Energy Storage Market Overview
The end users of thermal energy storage include power plants, commercial and residential establishments, and industries such as manufacturing, textile, transportation, and food & beverages. The evolving energy scenario across the globe is creating a demand for energy storage infrastructure. The storage infrastructure allows the storage of energy and its usage as per the requirement. Thermal energy storage is also critical owing to the required balance of energy supply and demand for heating and cooling applications. It also enhances flexibility in electricity-only applications, including thermal power plant retrofits. Advancements in storage systems and a rise in research and development in energy management systems are contributing to the growth of the storage infrastructure.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Thermal Energy Storage Market: Strategic Insights
Market Size Value in US$ 19,572.24 million in 2022 Market Size Value by US$ 31,964.26 million by 2030 Growth rate CAGR of 6.3% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Thermal Energy Storage Market: Strategic Insights
| Market Size Value in | US$ 19,572.24 million in 2022 |
| Market Size Value by | US$ 31,964.26 million by 2030 |
| Growth rate | CAGR of 6.3% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Thermal Energy Storage Market Drivers and Opportunities
The Growing Adoption of Concentrated Solar Plants is Expected to be the Prime Driver for the Thermal Energy Storage Market
Thermal energy storage technology, such as molten-salt storage, is widely leveraged at concentrated solar plants. Sodium chloride (NaCl), KCl, and MgCl 2 have potential applications in high-temperature thermal energy storage in CSP plants. Major countries such as the US, China, Germany, and South Africa focus on deploying CSPs and investing in advanced technologies to enhance the operational efficiency of the plants. This thermal energy can then be applied for industrial heat applications or to provide heat to a turbine or heat engine that can drive a generator and generate electricity. Thus, the increase in the expansion of the renewable energy sector and favorable government initiatives toward using a sustainable approach to reduce carbon emissions are fueling the investment in concentrated solar power plants (CSPs), which is driving the market growth.
Utilization of Thermal Energy Storage Technology in the Defense Sector
Defense applications impose a set of challenges on the usage of energy storage infrastructure. A stable, reliable, and steady power supply is important in defense applications. Phase change materials (PCM) are one of the most promising technologies in thermal energy storage. PCMs are being significantly employed and researched for enhancing the thermal performance of buildings by stabilizing temperature peaks as well as power-saving functions where heating or cooling is essential. Thus, the rise in the application of thermal energy storage technology in the defense sector is likely to create lucrative opportunities for the thermal energy storage market growth during the forecast period.
Thermal Energy Storage Market Report Segmentation Analysis
Key segments that contributed to the derivation of the thermal energy storage market analysis are type, storage material, application, and end-user.
- Based on the type, the thermal energy storage market has been divided into sensible heat storage, latent heat storage, and thermochemical storage. The sensible heat storage segment held a larger market share in 2023.
- In terms of storage material, the market has been segmented into water, molten salt, PCM, and others. The water segment dominated the market in 2023.
- In terms of application, the market has been segmented into district heating and cooling, power generation, process heating, and cooling. The district heating and cooling segment dominated the market in 2023.
- In terms of end-user, the market has been segmented into utility and nonutility. The utility segment dominated the market in 2023.
Thermal Energy Storage Market Share Analysis by Geography
The geographic scope of the Thermal Energy Storage Market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Europe is leading the thermal energy storage market in 2023. The Europe thermal energy storage market is segmented into Germany, France, Italy, the UK, and Russia. In solar power plants, district heating is a major application area of thermal energy storage. Europe has over 200 solar district heating programs, predominantly in Germany, Austria, Denmark, and Sweden. The demand for energy in the industrial, commercial, and residential sectors is growing rapidly; hence, governments of various countries in Europe are focused on developing alternative solutions to conventional power supply. The favorable government policies and mandates in line with the net zero carbon emission and clean energy targets are creating the demand for sustainable storage infrastructure, including thermal storage in Europe.
Thermal Energy Storage Market Report Scope
Thermal Energy Storage Market News and Recent Developments
The Thermal Energy Storage Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Thermal Energy Storage Markets market and strategies:
- In April 2023, MAN Energy Solutions and Vicinity Energy signed a Memorandum of Understanding (MoU) on heat pumps as a low-carbon energy source for district heating. The firms worked together to advocate for and develop low-temperature source heat pump systems for steam generation and their application in district energy systems. (Source: MAN Energy Solutions, Press Release/Company Website/Newsletter)
- In September 2022, Sunamp, a UK-based thermal storage technology company, signed a partnership agreement with Faradise Energy, a construction and engineering firm Compremum S.A subsidiary, to reduce gas use in Poland. Sunamp increased the distribution of its energy-efficient thermal batteries throughout Central and Eastern Europe as part of its international expansion strategy. Sunamp's Thermino series of heat batteries for hot water was distributed in Poland by Faradise Energy, with a focus on heat pump and solar PV-compatible variants. (Source: Sunamp Ltd., Press Release/Company Website/Newsletter)
Thermal Energy Storage Market Report Coverage and Deliverables
The “Thermal Energy Storage Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles with SWOT analysis
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Storage Material, Application, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Thermal Energy Storage Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
5. Thermal Energy Storage Market - Key Industry Dynamics
5.1 Thermal Energy Storage Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Rising share of renewables
5.2.2 Growing adoption in Concentrated Solar Plants
5.2.3 Increasing Applications of Thermal Energy Storage
5.2.4 Growing Focus on Building Robust Storage Infrastructure
5.3 Market Restraints
5.3.1 Lack of Technology Readiness Levels
5.3.2 Lack of Decarbonization Policies in Underdeveloped Economies
5.3.3 Uncertainties Associated with Future Energy System Development
5.4 Market Opportunities
5.4.1 Application of Thermal Energy Storage Technology in Defense Sector
5.4.2 Deployment of Thermal Energy Storage Technology for Electric Vehicles at Extreme Temperatures
5.5 Future Trends
5.5.1 Application of AI for Optimization and Control of Thermal Energy Storage Systems
5.6 Impact of Drivers and Restraints:
6. Thermal Energy Storage Market - Global Market Analysis
6.1 Thermal Energy Storage Market Revenue (US$ Million), 2022 – 2030
6.2 Thermal Energy Storage Market Forecast and Analysis
7. Thermal Energy Storage Market Analysis - Technology
7.1 Sensible Heat Storage
7.1.1 Overview
7.1.2 Sensible Heat Storage Market, Revenue and Forecast to 2030 (US$ Million)
7.2 Latent Heat Storage
7.2.1 Overview
7.2.2 Latent Heat Storage Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Thermochemical Storage
7.3.1 Overview
7.3.2 Thermochemical Storage Market Revenue and Forecast to 2030 (US$ Million)
8. Thermal Energy Storage Market Analysis – Storage Material
8.1 Water
8.1.1 Overview
8.1.2 Water Market Revenue, and Forecast to 2030 (US$ Million)
8.2 Molten Salt
8.2.1 Overview
8.2.2 Molten Salt Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Phase Change Material (PCM)
8.3.1 Overview
8.3.2 Phase Change Material Market Revenue, and Forecast to 2030 (US$ Million)
8.4 Others
8.4.1 Overview
8.4.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
9. Thermal Energy Storage Market Analysis – Application
9.1 Power Generation
9.1.1 Overview
9.1.2 Power Generation Market Revenue, and Forecast to 2030 (US$ Million)
9.2 Process Heating and Cooling
9.2.1 Overview
9.2.2 Process Heating and Cooling Market Revenue, and Forecast to 2030 (US$ Million)
9.3 District Heating and Cooling
9.3.1 Overview
9.3.2 District Heating and Cooling Market Revenue, and Forecast to 2030 (US$ Million)
10. Thermal Energy Storage Market Analysis – End User
10.1 Utility
10.1.1 Overview
10.1.2 Utility Market Revenue, and Forecast to 2030 (US$ Million)
10.2 Nonutility
10.2.1 Overview
10.2.2 Nonutility Market Revenue, and Forecast to 2030 (US$ Million)
11. Thermal Energy Storage Market - Geographical Analysis
11.1 Overview
11.2 North America
11.2.1 North America Thermal Energy Storage Market Overview
11.2.2 North America Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.2.3 North America Thermal Energy Storage Market Breakdown by Technology
11.2.3.1 North America Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Technology
11.2.4 North America Thermal Energy Storage Market Breakdown by Storage Material
11.2.4.1 North America Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Storage Material
11.2.5 North America Thermal Energy Storage Market Breakdown by Application
11.2.5.1 North America Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Application
11.2.6 North America Thermal Energy Storage Market Breakdown by End User
11.2.6.1 North America Thermal Energy Storage Market Revenue and Forecasts and Analysis - By End User
11.2.7 North America Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Country
11.2.7.1 North America Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Country
11.2.7.2 US Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.2.7.2.1 US Thermal Energy Storage Market Breakdown by Technology
11.2.7.2.2 US Thermal Energy Storage Market Breakdown by Storage Material
11.2.7.2.3 US Thermal Energy Storage Market Breakdown by Application
11.2.7.2.4 US Thermal Energy Storage Market Breakdown by End User
11.2.7.3 Canada Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.2.7.3.1 Canada Thermal Energy Storage Market Breakdown by Technology
11.2.7.3.2 Canada Thermal Energy Storage Market Breakdown by Storage Material
11.2.7.3.3 Canada Thermal Energy Storage Market Breakdown by Application
11.2.7.3.4 Canada Thermal Energy Storage Market Breakdown by End User
11.2.7.4 Mexico Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.2.7.4.1 Mexico Thermal Energy Storage Market Breakdown by Technology
11.2.7.4.2 Mexico Thermal Energy Storage Market Breakdown by Storage Material
11.2.7.4.3 Mexico Thermal Energy Storage Market Breakdown by Application
11.2.7.4.4 Mexico Thermal Energy Storage Market Breakdown by End User
11.3 Europe
11.3.1 Europe Thermal Energy Storage Market Overview
11.3.2 Europe Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.3.3 Europe Thermal Energy Storage Market Breakdown by Technology
11.3.3.1 Europe Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Technology
11.3.4 Europe Thermal Energy Storage Market Breakdown by Storage Material
11.3.4.1 Europe Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Storage Material
11.3.5 Europe Thermal Energy Storage Market Breakdown by Application
11.3.5.1 Europe Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Application
11.3.6 Europe Thermal Energy Storage Market Breakdown by End User
11.3.6.1 Europe Thermal Energy Storage Market Revenue and Forecasts and Analysis - By End User
11.3.7 Europe Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Country
11.3.7.1 Europe Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Country
11.3.7.2 Germany Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.3.7.2.1 Germany Thermal Energy Storage Market Breakdown by Technology
11.3.7.2.2 Germany Thermal Energy Storage Market Breakdown by Storage Material
11.3.7.2.3 Germany Thermal Energy Storage Market Breakdown by Application
11.3.7.2.4 Germany Thermal Energy Storage Market Breakdown by End User
11.3.7.3 France Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.3.7.3.1 France Thermal Energy Storage Market Breakdown by Technology
11.3.7.3.2 France Thermal Energy Storage Market Breakdown by Storage Material
11.3.7.3.3 France Thermal Energy Storage Market Breakdown by Application
11.3.7.3.4 France Thermal Energy Storage Market Breakdown by End User
11.3.7.4 Italy Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.3.7.4.1 Italy Thermal Energy Storage Market Breakdown by Technology
11.3.7.4.2 Italy Thermal Energy Storage Market Breakdown by Storage Material
11.3.7.4.3 Italy Thermal Energy Storage Market Breakdown by Application
11.3.7.4.4 Italy Thermal Energy Storage Market Breakdown by End User
11.3.7.5 UK Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.3.7.5.1 UK Thermal Energy Storage Market Breakdown by Technology
11.3.7.5.2 UK Thermal Energy Storage Market Breakdown by Storage Material
11.3.7.5.3 UK Thermal Energy Storage Market Breakdown by Application
11.3.7.5.4 UK Thermal Energy Storage Market Breakdown by End User
11.3.7.6 Russia Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.3.7.6.1 Russia Thermal Energy Storage Market Breakdown by Technology
11.3.7.6.2 Russia Thermal Energy Storage Market Breakdown by Storage Material
11.3.7.6.3 Russia Thermal Energy Storage Market Breakdown by Application
11.3.7.6.4 Russia Thermal Energy Storage Market Breakdown by End User
11.3.7.7 Rest of Europe Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.3.7.7.1 Rest of Europe Thermal Energy Storage Market Breakdown by Technology
11.3.7.7.2 Rest of Europe Thermal Energy Storage Market Breakdown by Storage Material
11.3.7.7.3 Rest of Europe Thermal Energy Storage Market Breakdown by Application
11.3.7.7.4 Rest of Europe Thermal Energy Storage Market Breakdown by End User
11.4 Asia Pacific Thermal Energy Storage Market
11.4.1 Overview
11.4.2 Asia Pacific Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.4.3 Asia Pacific Thermal Energy Storage Market Breakdown by Technology
11.4.3.1 Asia Pacific Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Technology
11.4.4 Asia Pacific Thermal Energy Storage Market Breakdown by Storage Material
11.4.4.1 Asia Pacific Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Storage Material
11.4.5 Asia Pacific Thermal Energy Storage Market Breakdown by Application
11.4.5.1 Asia Pacific Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Application
11.4.6 Asia Pacific Thermal Energy Storage Market Breakdown by End User
11.4.6.1 Asia Pacific Thermal Energy Storage Market Revenue and Forecasts and Analysis - By End User
11.4.7 Asia Pacific Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Country
11.4.7.1 Asia Pacific Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Country
11.4.7.2 Australia Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.4.7.2.1 Australia Thermal Energy Storage Market Breakdown by Technology
11.4.7.2.2 Australia Thermal Energy Storage Market Breakdown by Storage Material
11.4.7.2.3 Australia Thermal Energy Storage Market Breakdown by Application
11.4.7.2.4 Australia Thermal Energy Storage Market Breakdown by End User
11.4.7.3 China Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.4.7.3.1 China Thermal Energy Storage Market Breakdown by Technology
11.4.7.3.2 China Thermal Energy Storage Market Breakdown by Storage Material
11.4.7.3.3 China Thermal Energy Storage Market Breakdown by Application
11.4.7.3.4 China Thermal Energy Storage Market Breakdown by End User
11.4.7.4 India Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.4.7.4.1 India Thermal Energy Storage Market Breakdown by Technology
11.4.7.4.2 India Thermal Energy Storage Market Breakdown by Storage Material
11.4.7.4.3 India Thermal Energy Storage Market Breakdown by Application
11.4.7.4.4 India Thermal Energy Storage Market Breakdown by End User
11.4.7.5 Japan Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.4.7.5.1 Japan Thermal Energy Storage Market Breakdown by Technology
11.4.7.5.2 Japan Thermal Energy Storage Market Breakdown by Storage Material
11.4.7.5.3 Japan Thermal Energy Storage Market Breakdown by Application
11.4.7.5.4 Japan Thermal Energy Storage Market Breakdown by End User
11.4.7.6 South Korea Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.4.7.6.1 South Korea Thermal Energy Storage Market Breakdown by Technology
11.4.7.6.2 South Korea Thermal Energy Storage Market Breakdown by Storage Material
11.4.7.6.3 South Korea Thermal Energy Storage Market Breakdown by Application
11.4.7.6.4 South Korea Thermal Energy Storage Market Breakdown by End User
11.4.7.7 Rest of Asia Pacific Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.4.7.7.1 Rest of Asia Pacific Thermal Energy Storage Market Breakdown by Technology
11.4.7.7.2 Rest of Asia Pacific Thermal Energy Storage Market Breakdown by Storage Material
11.4.7.7.3 Rest of Asia Pacific Thermal Energy Storage Market Breakdown by Application
11.4.7.7.4 Rest of Asia Pacific Thermal Energy Storage Market Breakdown by End User
11.5 Middle East & Africa
11.5.1 Middle East & Africa Thermal Energy Storage Market Overview
11.5.2 Middle East & Africa Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.5.3 Middle East & Africa Thermal Energy Storage Market Breakdown by Technology
11.5.3.1 Middle East & Africa Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Technology
11.5.4 Middle East & Africa Thermal Energy Storage Market Breakdown by Storage Material
11.5.4.1 Middle East & Africa Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Storage Material
11.5.5 Middle East & Africa Thermal Energy Storage Market Breakdown by Application
11.5.5.1 Middle East & Africa Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Application
11.5.6 Middle East & Africa Thermal Energy Storage Market Breakdown by End User
11.5.6.1 Middle East & Africa Thermal Energy Storage Market Revenue and Forecasts and Analysis - By End User
11.5.7 Middle East & Africa Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Country
11.5.7.1 Middle East & Africa Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Country
11.5.7.2 South Africa Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.5.7.2.1 South Africa Thermal Energy Storage Market Breakdown by Technology
11.5.7.2.2 South Africa Thermal Energy Storage Market Breakdown by Storage Material
11.5.7.2.3 South Africa Thermal Energy Storage Market Breakdown by Application
11.5.7.2.4 South Africa Thermal Energy Storage Market Breakdown by End User
11.5.7.3 Saudi Arabia Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.5.7.3.1 Saudi Arabia Thermal Energy Storage Market Breakdown by Technology
11.5.7.3.2 Saudi Arabia Thermal Energy Storage Market Breakdown by Storage Material
11.5.7.3.3 Saudi Arabia Thermal Energy Storage Market Breakdown by Application
11.5.7.3.4 Saudi Arabia Thermal Energy Storage Market Breakdown by End User
11.5.7.4 UAE Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.5.7.4.1 UAE Thermal Energy Storage Market Breakdown by Technology
11.5.7.4.2 UAE Thermal Energy Storage Market Breakdown by Storage Material
11.5.7.4.3 UAE Thermal Energy Storage Market Breakdown by Application
11.5.7.4.4 UAE Thermal Energy Storage Market Breakdown by End User
11.5.7.5 Rest of MEA Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.5.7.5.1 Rest of MEA Thermal Energy Storage Market Breakdown by Technology
11.5.7.5.2 Rest of MEA Thermal Energy Storage Market Breakdown by Storage Material
11.5.7.5.3 Rest of MEA Thermal Energy Storage Market Breakdown by Application
11.5.7.5.4 Rest of MEA Thermal Energy Storage Market Breakdown by End User
11.6 South America
11.6.1 South America Thermal Energy Storage Market Overview
11.6.2 South America Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.6.3 South America Thermal Energy Storage Market Breakdown by Technology
11.6.3.1 South America Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Technology
11.6.4 South America Thermal Energy Storage Market Breakdown by Storage Material
11.6.4.1 South America Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Storage Material
11.6.5 South America Thermal Energy Storage Market Breakdown by Application
11.6.5.1 South America Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Application
11.6.6 South America Thermal Energy Storage Market Breakdown by End User
11.6.6.1 South America Thermal Energy Storage Market Revenue and Forecasts and Analysis - By End User
11.6.7 South America Thermal Energy Storage Market Revenue and Forecasts and Analysis - By Countries
11.6.7.1 Brazil Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.6.7.1.1 Brazil Thermal Energy Storage Market Breakdown by Technology
11.6.7.1.2 Brazil Thermal Energy Storage Market Breakdown by Storage Material
11.6.7.1.3 Brazil Thermal Energy Storage Market Breakdown by Application
11.6.7.1.4 Brazil Thermal Energy Storage Market Breakdown by End User
11.6.7.2 Argentina Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.6.7.2.1 Argentina Thermal Energy Storage Market Breakdown by Technology
11.6.7.2.2 Argentina Thermal Energy Storage Market Breakdown by Storage Material
11.6.7.2.3 Argentina Thermal Energy Storage Market Breakdown by Application
11.6.7.2.4 Argentina Thermal Energy Storage Market Breakdown by End User
11.6.7.3 Rest of SAM Thermal Energy Storage Market Revenue and Forecasts to 2030 (US$ Mn)
11.6.7.3.1 Rest of SAM Thermal Energy Storage Market Breakdown by Technology
11.6.7.3.2 Rest of SAM Thermal Energy Storage Market Breakdown by Storage Material
11.6.7.3.3 Rest of SAM Thermal Energy Storage Market Breakdown by Application
11.6.7.3.4 Rest of SAM Thermal Energy Storage Market Breakdown by End User
12. Thermal Energy Storage Market – Impact of COVID-19 Pandemic
12.1 Pre & Post Covid-19 Impact
13. Competitive Landscape
13.1 Heat Map Analysis by Key Players
13.2 Company Positioning & Concentration
14. Industry Landscape
14.1 Overview
14.2 Market Initiative
14.3 New Product Development
14.4 Merger and Acquisition
15. COMPANY PROFILES
15.1 Goss Engineering Inc
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 Evapco Inc
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Burns & McDonnell Consultants Inc
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 Baltimore Aircoil Co
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 Kelvin Energy Inc
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Sunamp Ltd
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 Calmac Corp
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
15.8 MAN Energy Solutions SE
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 Financial Overview
15.8.5 SWOT Analysis
15.8.6 Key Developments
15.9 Steffes LLC
15.9.1 Key Facts
15.9.2 Business Description
15.9.3 Products and Services
15.9.4 Financial Overview
15.9.5 SWOT Analysis
15.9.6 Key Developments
15.10 Abengoa SA
15.10.1 Key Facts
15.10.2 Business Description
15.10.3 Products and Services
15.10.4 Financial Overview
15.10.5 SWOT Analysis
15.10.6 Key Developments
16. Appendix
16.1 About The Insight Partners
16.2 Word Index
List of Tables
Table 1. Thermal Energy Storage Market Segmentation
Table 2. Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Million) – Technology
Table 4. Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Million) – Storage Material
Table 5. Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 6. Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Million) – End User
Table 7. North America Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 8. North America Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 9. North America Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 10. North America Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 11. North America Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 12. US Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 13. US Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 14. US Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 15. US Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 16. Canada Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 17. Canada Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 18. Canada Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 19. Canada Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 20. Mexico Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 21. Mexico Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 22. Mexico Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 23. Mexico Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 24. Europe Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 25. Europe Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 26. Europe Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 27. Europe Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 28. Europe Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 29. Germany Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 30. Germany Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 31. Germany Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 32. Germany Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 33. France Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 34. France Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 35. France Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 36. France Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 37. Italy Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 38. Italy Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 39. Italy Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 40. Italy Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 41. UK Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 42. UK Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 43. UK Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 44. UK Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 45. Russia Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 46. Russia Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 47. Russia Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 48. Russia Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 49. Rest of Europe Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 50. Rest of Europe Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 51. Rest of Europe Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 52. Rest of Europe Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 53. Asia Pacific Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 54. Asia Pacific Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 55. Asia Pacific Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 56. Asia Pacific Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 57. Asia Pacific Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 58. Australia Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 59. Australia Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 60. Australia Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 61. Australia Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 62. China Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 63. China Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 64. China Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 65. China Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 66. India Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 67. India Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 68. India Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 69. India Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 70. Japan Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 71. Japan Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 72. Japan Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 73. Japan Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 74. South Korea Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 75. South Korea Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 76. South Korea Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 77. South Korea Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 78. Rest of Asia Pacific Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 79. Rest of Asia Pacific Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 80. Rest of Asia Pacific Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 81. Rest of Asia Pacific Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 82. Middle East & Africa Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 83. Middle East & Africa Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 84. Middle East & Africa Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 85. Middle East & Africa Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 86. Middle East & Africa Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 87. South Africa Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 88. South Africa Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 89. South Africa Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 90. South Africa Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 91. Saudi Arabia Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 92. Saudi Arabia Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 93. Saudi Arabia Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 94. Saudi Arabia Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 95. UAE Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 96. UAE Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 97. UAE Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 98. UAE Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 99. Rest of MEA Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 100. Rest of MEA Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 101. Rest of MEA Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 102. Rest of MEA Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 103. South America Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 104. South America Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 105. South America Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 106. South America Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 107. South America Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 108. Brazil Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 109. Brazil Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 110. Brazil Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 111. Brazil Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 112. Argentina Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 113. Argentina Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 114. Argentina Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 115. Argentina Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 116. Rest of SAM Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Technology
Table 117. Rest of SAM Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Storage Material
Table 118. Rest of SAM Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By Application
Table 119. Rest of SAM Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn) – By End User
Table 120. Heat Map Analysis by Key Players
Table 121. List of Abbreviation
List of Figures
Figure 1. Thermal Energy Storage Market Segmentation, By Geography
Figure 2. PEST Analysis
Figure 3. Ecosystem: Thermal Energy Storage Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Thermal Energy Storage Market Breakdown by Geography, 2022 and 2030 (%)
Figure 6. Thermal Energy Storage Market Revenue (US$ Million), 2022 – 2030
Figure 7. Thermal Energy Storage Market Share (%) – Technology, 2022 and 2030
Figure 8. Sensible Heat Storage Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Latent Heat Storage Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Thermochemical Storage Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Thermal Energy Storage Market Share (%) – Storage Material, 2022 and 2030
Figure 12. Water Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Molten Salt Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Phase Change Material Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Others Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Thermal Energy Storage Market Share (%) – Application, 2022 and 2030
Figure 17. Power Generation Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Process Heating and Cooling Market Revenue and Forecasts To 2030 (US$ Million)
Figure 19. District Heating and Cooling Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Thermal Energy Storage Market Share (%) – End User, 2022 and 2030
Figure 21. Utility Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Nonutility Market Revenue and Forecasts To 2030 (US$ Million)
Figure 23. Thermal Energy Storage Market Breakdown by Region, 2022 and 2030 (%)
Figure 24. North America Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 25. North America Thermal Energy Storage Market Breakdown by Technology (2022 and 2030)
Figure 26. North America Thermal Energy Storage Market Breakdown by Storage Material (2022 and 2030)
Figure 27. North America Thermal Energy Storage Market Breakdown by Application (2022 and 2030)
Figure 28. North America Thermal Energy Storage Market Breakdown by End User (2022 and 2030)
Figure 29. North America Thermal Energy Storage Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 30. US Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 31. Canada Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 32. Mexico Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 33. Europe Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 34. Europe Thermal Energy Storage Market Breakdown by Technology (2022 and 2030)
Figure 35. Europe Thermal Energy Storage Market Breakdown by Storage Material (2022 and 2030)
Figure 36. Europe Thermal Energy Storage Market Breakdown by Application (2022 and 2030)
Figure 37. Europe Thermal Energy Storage Market Breakdown by End User (2022 and 2030)
Figure 38. Europe Thermal Energy Storage Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 39. Germany Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 40. France Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 41. Italy Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 42. UK Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 43. Russia Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 44. Rest of Europe Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 45. Asia Pacific Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 46. Asia Pacific Thermal Energy Storage Market Breakdown by Technology (2022 and 2030)
Figure 47. Asia Pacific Thermal Energy Storage Market Breakdown by Storage Material (2022 and 2030)
Figure 48. Asia Pacific Thermal Energy Storage Market Breakdown by Application (2022 and 2030)
Figure 49. Asia Pacific Thermal Energy Storage Market Breakdown by End User (2022 and 2030)
Figure 50. Asia Pacific Thermal Energy Storage Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 51. Australia Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 52. China Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 53. India Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 54. Japan Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 55. South Korea Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 56. Rest of Asia Pacific Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 57. Middle East & Africa Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 58. Middle East & Africa Thermal Energy Storage Market Breakdown by Technology (2022 and 2030)
Figure 59. Middle East & Africa Thermal Energy Storage Market Breakdown by Storage Material (2022 and 2030)
Figure 60. Middle East & Africa Thermal energy storage Market Breakdown by Application (2022 and 2030)
Figure 61. Middle East & Africa Thermal energy storage Market Breakdown by End User (2022 and 2030)
Figure 62. Middle East & Africa Thermal energy storage Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 63. South Africa Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 64. Saudi Arabia Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 65. UAE Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 66. Rest of MEA Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 67. South America Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 68. South America Thermal Energy Storage Market Breakdown by Technology (2022 and 2030)
Figure 69. South America Thermal Energy Storage Market Breakdown by Storage Material (2022 and 2030)
Figure 70. South America Thermal Energy Storage Market Breakdown by Application (2022 and 2030)
Figure 71. South America Thermal Energy Storage Market Breakdown by End User (2022 and 2030)
Figure 72. South America Thermal Energy Storage Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 73. Brazil Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 74. Argentina Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 75. Rest of SAM Thermal Energy Storage Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 76. Company Positioning & Concentration
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Trends and growth analysis reports related to Thermal Energy Storage Market
Sep 2023
Spent Nuclear Fuel Waste Management Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Reactor Type (Pressurized Water Reactors (PWR), Boiling Water Reactors (BWR), and Gas-Cooled Reactors, and Others); Disposal Type (Near Surface Disposal and Deep Surface Disposal); and Geography
Sep 2023
Solar PV Inverter Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (String, Micro, Central), Phase (Single Phase, Three Phase), Connectivity (Standalone, On-grid), Application (Residential, Community, Commercial and Industrial, Utility), Capacity (Below 5 kW, 5 - 15 kW, 15 - 25 kW, 25 - 50 kW, Above 50 kW); and Geography
Sep 2023
Offshore Oil and Gas Pipes Fittings and Flanges Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Pipes, Fitting, and Flanges), Material Type (Steel, Alloy Steel, Nickel Alloys, and Copper Alloys); and Geography
Sep 2023
Turboexpander Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Loading Device (Compressor, Generator, and Hydraulic/Oil Brake), Power Capacity [Less than 1 MW (Up to 500 KW and 500 KW to 1 MW), 1 MW to 20 MW, and More than 20 MW], End User (Oil and Gas, Power Generation, and Industrial), and Geography
Sep 2023
Green Hydrogen Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Alkaline Electrolysis and PEM Electrolysis), Renewable Source (Wind Energy, Solar Energy, and Others), and End-use Industry (Chemical, Power, Food & Beverages, Medical, Petrochemicals, and Others), and Geography
Sep 2023
Thermal Energy Storage Market
Size and Forecast (2020–2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: Type (Sensible Heat Storage, Latent Heat Storage, Thermochemical Storage), Storage Material (Water, Molten Salt, PCM, Others), Application (District Heating and Cooling, Power Generation, Process Heating and Cooling), and End User (Utility, Nonutility) and Geography
Get Free Sample For