Global Thermal Energy Storage Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 to 2025

  • ID: 4431666
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  • Region: Global
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Thermal Energy Storage Market - Growth, Future Prospects & Competitive Analysis, 2017 - 2025, the Global Thermal Energy Storage Market is expected to reach US$ 6.2 Bn by 2025, expanding at a CAGR of 11.0% during the forecast period 2017 - 2025.

Market Insights

Thermal energy storage market is expected to witness robust growth with increasing spending on renewable energy including wind and solar owing to rising concerns over the emission of greenhouse gases promoting the use of solar and wind energy. Revision in emission targets at Paris Climate Change Conference, impelling the investment in the solar and wind energy projects across various economies of the globe. In 2016, more than 54 GW of wind energy was added across various countries of the world to reach cumulative world wind power capacity of 486.8 GW. Similarly, global solar power generation also witness robust growth in capacity addition of solar power. In 2016, 50 GW solar power capacity was added global across the globe. Globally, now cumulative solar power capacity is about 305 GW with highest growth in new capacity addition of 29% of the Europe new solar capacity addition. Followed by it, Germany stood at second place with 21% share in Europe new capacity addition and France with 8.3% share in Europe new solar power capacity addition. Thus, growth in solar power installation is projected to fuel the demand thermal energy storage. Moreover, various government initiatives such as 100% electric vehicle mobility by 2030 set by Indian government to transform the transit system to use clean energy anticipated to propel the demand for thermal energy storage. Further, growing demand for thermal energy storage in HVAC application is projected to augment the demand for thermal energy storage over the forecast period. Therefore, thermal energy storage market is projected to witness robust growth during the forecast period of 2017-2025.

Competitive Insights

Global thermal energy storage market is segmented on the basis of technology, storage material, end user and geography. By technology, sensible technology segment was the most dominant segment in global thermal energy storage market in 2016 and anticipated to continue its dominance over the forecast period. Increasing application of sensible technology such as underground storage of sensible heat in both liquid and solid storage medium is also used for various applications including district heating and cooling systems. Based on storage material, molten salt material segment accounted for the largest share in global thermal energy storage market owing increasing use of molten salts based technology is projected to drive the growth of the segment during the forecast period. On the basis of geography, Europe was estimated to be the largest market for thermal energy storage in 2016 and projected to maintain its dominance during the forecast period. Revision in emission targets and increasing investment in renewable energy capacity addition is anticipated to drive the growth of the segment during the forecast period. Major players in global thermal energy storage market are investing in research and development, merger and acquisition with focus on increasing market penetration.

Overall, global thermal energy storage market is anticipated to register robust growth over the forecast period (2017-2025).

Key Trends:
  • Merger & Acquisition
  • Investment in R&D
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1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Thermal Energy Storage Market Snapshot
2.1.1. Global Thermal Energy Storage Market, by Technology, 2016
2.1.2. Global Thermal Energy Storage Market, by Storage Material, 2016
2.1.3. Global Thermal Energy Storage Market, by End User, 2016
2.1.4. Global Thermal Energy Storage Market, by Geography, 2016
2.1.5. Key Players
2.1.6. Drivers, Restrains & Future Prospects

3. Global Thermal Energy Storage Market Dynamics
3.1. Market Overview
3.1.1. Market Definition
3.1.2. Global Market Size & Forecast, 2015-2025
3.2. Drivers
3.3. Challenges
3.4. Future Prospects
3.5. Impact Analysis of Drivers and Challenges
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power Of Suppliers
3.6.2. Bargaining Power Of Buyers
3.6.3. Threat Of Substitutes
3.6.4. Threat Of New Entrants
3.6.5. Industry Rivalry

4. Global Thermal Energy Storage Market Size & Forecast (US$ Mn), By Technology, 2015 - 2025
4.1. Overview
4.1.1. Market Share Analysis by Technology, 2016 vs. 2025
4.1.2. Attractive Investment Proposition by Technology
4.2. Sensible
4.3. Latent
4.4. TCS

5. Global Thermal Energy Storage Market Size & Forecast (US$ Mn), By Storage Material, 2015 - 2025
5.1. Overview
5.1.1. Market Share Analysis by Storage Material, 2016 vs. 2025
5.1.2. Attractive Investment Proposition by Storage Material
5.2. Water
5.3. Molten Salt
5.4. Phase Change Material (PCM)
5.5. Others

6. Global Thermal Energy Storage Market Size & Forecast (US$ Mn), By End User, 2015 - 2025
6.1. Overview
6.1.1. Market Share Analysis by End User, 2016 vs. 2025
6.1.2. Attractive Investment Proposition by End User
6.2. Commercial & Industrial
6.3. Utilities
6.4. Residential

7. Global Thermal Energy Storage Market Size & Forecast (US$ Mn), By Geography, 2015 - 2025
7.1. Overview
7.1.1. Market Share Analysis by Geography, 2016 vs. 2025
7.1.2. Attractive Investment Proposition by Geography
7.2. North America Thermal Energy Storage Market Analysis, 2015 - 2025
7.2.1. North America Thermal Energy Storage Market Overview
7.2.1.1. North America Market Size & Forecast (US$ Mn), 2015 - 2025
7.2.1.2. North America Market Attractive Investment Proposition, by Country
7.2.1.3. North America Market Attractive Investment Proposition, by Technology
7.2.1.4. North America Market Attractive Investment Proposition, by Storage Material
7.2.1.5. North America Market Attractive Investment Proposition, by End User
7.2.2. North America Thermal Energy Storage Market Size & Forecast (US$ Mn), By Country, 2015 - 2025
7.2.2.1. U.S.
7.2.2.2. Canada
7.2.3. North America Thermal Energy Storage Market Size & Forecast (US$ Mn), By Technology, 2015 - 2025
7.2.3.1. Sensible
7.2.3.2. Latent
7.2.3.3. TCS
7.2.4. North America Thermal Energy Storage Market Size & Forecast (US$ Mn), By Storage Material, 2015 - 2025
7.2.4.1. Water
7.2.4.2. Molten Salt
7.2.4.3. Phase Change Material (PCM)
7.2.4.4. Others
7.2.5. North America Thermal Energy Storage Market Size & Forecast (US$ Mn), By End User, 2015 - 2025
7.2.5.1. Commercial & Industrial
7.2.5.2. Utilities
7.2.5.3. Residential
7.3. Europe Thermal Energy Storage Market Analysis, 2015 - 2025
7.3.1. Europe Thermal Energy Storage Market Overview
7.3.1.1. Europe Market Size & Forecast (US$ Mn), 2015 - 2025
7.3.1.2. Europe Market Attractive Investment Proposition, by Country
7.3.1.3. Europe Market Attractive Investment Proposition, by Technology
7.3.1.4. Europe Market Attractive Investment Proposition, by Storage Material
7.3.1.5. Europe Market Attractive Investment Proposition, by End User
7.3.2. Europe Thermal Energy Storage Market Size & Forecast (US$ Mn), By Country, 2015 - 2025
7.3.2.1. U.K.
7.3.2.2. Germany
7.3.2.3. Italy
7.3.2.4. France
7.3.2.5. Rest of Europe
7.3.3. Europe Thermal Energy Storage Market Size & Forecast (US$ Mn), By Technology, 2015 - 2025
7.3.3.1. Sensible
7.3.3.2. Latent
7.3.3.3. TCS
7.3.4. Europe Thermal Energy Storage Market Size & Forecast (US$ Mn), By Storage Material, 2015 - 2025
7.3.4.1. Water
7.3.4.2. Molten Salt
7.3.4.3. Phase Change Material (PCM)
7.3.4.4. Others
7.3.5. Europe Thermal Energy Storage Market Size & Forecast (US$ Mn), By End User, 2015 - 2025
7.3.5.1. Commercial & Industrial
7.3.5.2. Utilities
7.3.5.3. Residential
7.4. Asia Pacific Thermal Energy Storage Market Analysis, 2015 - 2025
7.4.1. Asia Pacific Thermal Energy Storage Market Overview
7.4.1.1. Asia Pacific Market Size & Forecast (US$ Mn), 2015 - 2025
7.4.1.2. Asia Pacific Market Attractive Investment Proposition, by Country
7.4.1.3. Asia Pacific Market Attractive Investment Proposition, by Technology
7.4.1.4. Asia Pacific Market Attractive Investment Proposition, by Storage Material
7.4.1.5. Asia Pacific Market Attractive Investment Proposition, by End User
7.4.2. Asia Pacific Thermal Energy Storage Market Size & Forecast (US$ Mn), By Country, 2015 - 2025
7.4.2.1. China
7.4.2.2. Japan
7.4.2.3. India
7.4.2.4. Rest of Asia Pacific
7.4.3. Asia Pacific Thermal Energy Storage Market Size & Forecast (US$ Mn), By Technology, 2015 - 2025
7.4.3.1. Sensible
7.4.3.2. Latent
7.4.3.3. TCS
7.4.4. Asia Pacific Thermal Energy Storage Market Size & Forecast (US$ Mn), By Storage Material, 2015 - 2025
7.4.4.1. Water
7.4.4.2. Molten Salt
7.4.4.3. Phase Change Material (PCM)
7.4.4.4. Others
7.4.5. Asia Pacific Thermal Energy Storage Market Size & Forecast (US$ Mn), By End User, 2015 - 2025
7.4.5.1. Commercial & Industrial
7.4.5.2. Utilities
7.4.5.3. Residential
7.5. Latin America Thermal Energy Storage Market Analysis, 2015 - 2025
7.5.1. Latin America Thermal Energy Storage Market Overview
7.5.1.1. Latin America Market Size & Forecast (US$ Mn), 2015 - 2025
7.5.1.2. Latin America Market Attractive Investment Proposition, by Country
7.5.1.3. Latin America Market Attractive Investment Proposition, by Technology
7.5.1.4. Latin America Market Attractive Investment Proposition, by Storage Material
7.5.1.5. Latin America Market Attractive Investment Proposition, by End User
7.5.2. Latin America Thermal Energy Storage Market Size & Forecast (US$ Mn), By Country, 2015 - 2025
7.5.2.1. Brazil
7.5.2.2. Mexico
7.5.2.3. Rest of Latin America
7.5.3. Latin America Thermal Energy Storage Market Size & Forecast (US$ Mn), By Technology, 2015 - 2025
7.5.3.1. Sensible
7.5.3.2. Latent
7.5.3.3. TCS
7.5.4. Latin America Thermal Energy Storage Market Size & Forecast (US$ Mn), By Storage Material, 2015 - 2025
7.5.4.1. Water
7.5.4.2. Molten Salt
7.5.4.3. Phase Change Material (PCM)
7.5.4.4. Others
7.5.5. Latin America Thermal Energy Storage Market Size & Forecast (US$ Mn), By End User, 2015 - 2025
7.5.5.1. Commercial & Industrial
7.5.5.2. Utilities
7.5.5.3. Residential
7.6. Middle East & Africa (MEA) Thermal Energy Storage Market Analysis, 2015 - 2025
7.6.1. MEA Thermal Energy Storage Market Overview
7.6.1.1. MEA Market Size & Forecast (US$ Mn), 2015 - 2025
7.6.1.2. MEA Market Attractive Investment Proposition, by Region
7.6.1.3. MEA Market Attractive Investment Proposition, by Technology
7.6.1.4. MEA Market Attractive Investment Proposition, by Storage Material
7.6.1.5. MEA Market Attractive Investment Proposition, by End User
7.6.2. MEA Thermal Energy Storage Market Size & Forecast (US$ Mn), By Region, 2015 - 2025
7.6.2.1. GCC
7.6.2.2. Rest of MEA
7.6.3. MEA Thermal Energy Storage Market Size & Forecast (US$ Mn), By Technology, 2015 - 2025
7.6.3.1. Sensible
7.6.3.2. Latent
7.6.3.3. TCS
7.6.4. MEA Thermal Energy Storage Market Size & Forecast (US$ Mn), By Storage Material, 2015 - 2025
7.6.4.1. Water
7.6.4.2. Molten Salt
7.6.4.3. Phase Change Material (PCM)
7.6.4.4. Others
7.6.5. MEA Thermal Energy Storage Market Size & Forecast (US$ Mn), By End User, 2015 - 2025
7.6.5.1. Commercial & Industrial
7.6.5.2. Utilities
7.6.5.3. Residential

8. Company Profiles
8.1. Competitive Dashboard
8.2. Key Players
8.2.1. Abengoa Solar, S.A
8.2.1.1. Business Description
8.2.1.2. Financial Information*
8.2.1.3. Product Portfolio
8.2.1.4. Key Developments/ Business Strategies
8.2.1.5. SWOT Analysis
8.2.2. Brightsource Energy, Inc
8.2.3. Burns & Mcdonnell
8.2.4. Solarreserve, LLC
8.2.5. Baltimore Aircoil Company
8.2.6. Caldwell Energy
8.2.7. Calmac
8.2.8. Cristopia Energy Systems
8.2.9. Cryogel
8.2.10. Dc Pro Engineering
8.2.11. Dunham-Bush Holding Bhd.
8.2.12. Energy Storage Association
8.2.13. Goss Engineering
8.2.14. Ice Energy
8.2.15. International District Energy Association
8.2.16. Natgun Corporation (DN Tanks)
8.2.17. Steffes Corporation
8.2.18. Tas Energy Inc.
8.2.19. Evapco, Inc.
8.2.20. Fafco (Icestor)
8.2.21. Icelings
8.2.22. Sunwell Technologies
8.2.23. Qcoefficient
8.2.24. Finetex EnE
8.2.25. Chicago Bridge & Iron Company
8.2.26. Other Notable Players

List of Figures
Figure 01: Global Thermal Energy Storage Market Size (US$ Mn) & Forecast, 2015-2025
Figure 02: Global Thermal Energy Storage Market Share (Value %) Analysis by Geography, 2016 vs. 2025
Figure 03: Global Thermal Energy Storage Market Investment Proposition by Geography, 2017-2025
Figure 04: Global Thermal Energy Storage Market Investment Proposition by Technology, 2017-2025
Figure 05: Global Thermal Energy Storage Market Investment Proposition by Storage Material, 2017-2025
Figure 06: Global Thermal Energy Storage Market Investment Proposition by End User, 2017-2025
Figure 07: North America Thermal Energy Storage Market Investment Proposition by Country, 2017-2025
Figure 08: North America Thermal Energy Storage Market Investment Proposition by Technology, 2017-2025
Figure 09: North America Thermal Energy Storage Market Investment Proposition by Storage Material, 2017-2025
Figure 10: North America Thermal Energy Storage Market Investment Proposition by End User, 2017-2025
Figure 11: Europe Thermal Energy Storage Market Investment Proposition by Country, 2017-2025
Figure 12: Europe Thermal Energy Storage Market Investment Proposition by Technology, 2017-2025
Figure 13: Europe Thermal Energy Storage Market Investment Proposition by Storage Material, 2017-2025
Figure 14: Europe Thermal Energy Storage Market Investment Proposition by End User, 2017-2025
Figure 15: Asia Pacific Thermal Energy Storage Market Investment Proposition by Country, 2017-2025
Figure 16: Asia Pacific Thermal Energy Storage Market Investment Proposition by Technology, 2017-2025
Figure 17: Asia Pacific Thermal Energy Storage Market Investment Proposition by Storage Material, 2017-2025
Figure 18: Asia Pacific Thermal Energy Storage Market Investment Proposition by End User, 2017-2025
Figure 19: Latin America Thermal Energy Storage Market Investment Proposition by Country, 2017-2025
Figure 20: Latin America Thermal Energy Storage Market Investment Proposition by Technology, 2017-2025
Figure 21: Latin America Thermal Energy Storage Market Investment Proposition by Storage Material, 2017-2025
Figure 22: Latin America Thermal Energy Storage Market Investment Proposition by End User, 2017-2025
Figure 23: Middle East & Africa Thermal Energy Storage Market Investment Proposition by Region, 2017-2025
Figure 24: Middle East & Africa Thermal Energy Storage Market Investment Proposition by Technology, 2017-2025
Figure 25: Middle East & Africa Thermal Energy Storage Market Investment Proposition by Storage Material, 2017-2025
Figure 26: Middle East & Africa Thermal Energy Storage Market Investment Proposition by End User, 2017-2025

List of Tables
Table 01: Global Thermal Energy Storage Market Value (US$ Mn) & Forecast, by Geography, 2015-2025
Table 02: Global Thermal Energy Storage Market Value (US$ Mn) & Forecast, by Technology, 2015-2025
Table 03: Global Thermal Energy Storage Market Value (US$ Mn) & Forecast, by Storage Material, 2015-2025
Table 04: Global Thermal Energy Storage Market Value (US$ Mn) & Forecast, by End User, 2015-2025
Table 05: North America Thermal Energy Storage Market Value (US$ Mn) & Forecast, by Country, 2015-2025
Table 06: North America Thermal Energy Storage Market Value (US$ Mn) & Forecast, by Technology, 2015-2025
Table 07: North America Thermal Energy Storage Market Value (US$ Mn) & Forecast, by Storage Material, 2015-2025
Table 08: North America Thermal Energy Storage Market Value (US$ Mn) & Forecast, by End User, 2015-2025
Table 09: Europe Thermal Energy Storage Market Value (US$ Mn) & Forecast, by Country, 2015-2025
Table 10: Europe Thermal Energy Storage Market Value (US$ Mn) & Forecast, by Technology, 2015-2025
Table 11: Europe Thermal Energy Storage Market Value (US$ Mn) & Forecast, by Storage Material, 2015-2025
Table 12: Europe Thermal Energy Storage Market Value (US$ Mn) & Forecast, by End User, 2015-2025
Table 13: Asia Pacific Thermal Energy Storage Market Value (US$ Mn) & Forecast, by Country, 2015-2025
Table 14: Asia Pacific Thermal Energy Storage Market Value (US$ Mn) & Forecast, by Technology, 2015-2025
Table 15: Asia Pacific Thermal Energy Storage Market Value (US$ Mn) & Forecast, by Storage Material, 2015-2025
Table 16: Asia Pacific Thermal Energy Storage Market Value (US$ Mn) & Forecast, by End User, 2015-2025
Table 17: Latin America Thermal Energy Storage Market Value (US$ Mn) & Forecast, by Country, 2015-2025
Table 18: Latin America Thermal Energy Storage Market Value (US$ Mn) & Forecast, by Technology, 2015-2025
Table 19: Latin America Thermal Energy Storage Market Value (US$ Mn) & Forecast, by Storage Material, 2015-2025
Table 20: Latin America Thermal Energy Storage Market Value (US$ Mn) & Forecast, by End User, 2015-2025
Table 21: MEA Thermal Energy Storage Market Value (US$ Mn) & Forecast, by Region, 2015-2025
Table 22: MEA Thermal Energy Storage Market Value (US$ Mn) & Forecast, by Technology, 2015-2025
Table 23: MEA Thermal Energy Storage Market Value (US$ Mn) & Forecast, by Storage Material, 2015-2025
Table 24: MEA Thermal Energy Storage Market Value (US$ Mn) & Forecast, by End User, 2015-2025
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