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Global Thermal Energy Storage Market by Technology (Sensible, Latent, Thermochemical), Storage Material (Water, Molten Salts, PCM), Application (Power Generation, District Heating & Cooling, Process Heating & Cooling), End User and Region - Forecast to 2025

  • ID: 5178021
  • Report
  • October 2020
  • Region: Global
  • 212 Pages
  • Markets and Markets

FEATURED COMPANIES

  • Abengoa
  • Burns & Mcdonnell
  • CB&I (Mcdermott)
  • Dunham Bush
  • Lime
  • Steffes Corporation
  • MORE

The global thermal energy storage market size is projected to grow from an estimated USD 188 million in 2020 to USD 369 million by 2025, at a CAGR of 14.4% from 2020 to 2025. The rising number of CSP projects across globe are driving demand for thermal energy storage.

The Middle Eastern & African and American countries, such as the US, Morocco, South Africa, and the UAE, are experiencing an upsurge in the demand for electricity for district heating & cooling, and process heating & cooling applications.



The latent heat storage segment is expected to be the fastest-growing of the thermal energy storage market, by technology, during the forecast period

Latent heat storage has the advantage of storing large amounts of heat with only small temperature changes and, therefore, has a high storage density. Phase change materials work on constant temperature, both while charging and discharging. The use of phase change materials can be found in solar energy storage systems for water heating, greenhouses, space heating and cooling, cooking, and waste heat recovery systems.

Americas: The fastest market for thermal energy storage

Americas is the fastest-growing market for the thermal energy storage market. The growth of the market in the region is driven by the launch of various CSP projects and propelling demand for thermal energy storage for district heating & cooling applications. The US has been a pioneering market for concentrating solar power technology, with CSP installations since the 1980s.

The stellar decline in solar PV prices took the attention away from the CSP industry, although project developments continued. The US is the only significant market in the region, with virtually no action in South America and Canada in the near future. However, Chile has some operational thermal energy projects and leads the market in South America with CSP installations for mining and utility-scale power supply.

Breakdown of Primaries:

In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.

The distribution of primary interviews is as follows:

  • By Company Type: Tier 1 - 65%, Tier 2 - 24%, Tier 3 - 11%
  • By Designation: C-Level - 30%, D-Level - 25%, Others - 45%
  • By Region: Americas - 25%, Europe - 35%, Asia Pacific - 20%, and Middle East & Africa - 20%

Note: The tier of the companies has been defined based on their total revenue; as of 2017: Tier 1 = >USD 1 billion, Tier 2 = USD 500 million to USD 1 billion, and Tier 3 = <USD 500 million. 

The key players in the thermal energy storage market include companies such as Abengoa Solar (Spain), Burns & McDonnell (US), BrightSource Energy (US), Calmac (US), and SolarReserve (US).

Study Coverage:

The report provides a complete view of the thermal energy storage market across regions. It aims at estimating the market size and future growth potential of the market across different segments such as type, capacity, technology, and fuel type. Furthermore, the report includes an in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.

The market has been segmented based on type, capacity, technology, and fuel type with a focus on industry analysis (industry trends). The market ranking analysis of the top players, supply chain analysis, and company profiles, which together comprise and evaluate the basic views on the competitive landscape, emerging and high-growth segments of the thermal energy storage market.

Key Benefits of Buying the Report

  • The report identifies and addresses the key technologies that are essential for the thermal energy storage market
  • The report helps solution providers understand the pulse of the market and provide insights into drivers, opportunities, restraints, and challenges.
  • The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Abengoa
  • Burns & Mcdonnell
  • CB&I (Mcdermott)
  • Dunham Bush
  • Lime
  • Steffes Corporation
  • MORE

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Inclusions and Exclusions
1.3.1 Thermal Energy Storage Market: Inclusions and Exclusions
1.4 Market Scope
1.4.1 Market Segmentation
1.4.2 Regions Covered
1.4.3 Years Considered
1.5 Currency
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Thermal Energy Storage Market: Research Design
2.2 Market Breakdown and Data Triangulation
Figure 2 Data Triangulation Methodology
2.2.1 Secondary Data
2.2.1.1 Key data from secondary sources
2.2.2 Primary Data
2.2.2.1 Key data from primary sources
2.2.2.2 Breakdown of primaries
Table 1 Thermal Energy Storage Market: Players/Companies Connected
2.3 Scope
Figure 3 Main Metrics Considered In Assessing Demand for thermal Energy Storage Market
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
2.4.2 Top-Down Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
2.4.3 Ideal Demand-Side Analysis
2.4.3.1 Assumptions
2.4.3.2 Limitations
2.4.3.3 Calculation
2.4.4 Forecast
2.4.5 Supply-Side Analysis
Figure 6 Main Metrics Considered In Assessing Supply for thermal Energy Storage Market
2.4.5.1 Calculation
2.4.5.2 Assumptions
Figure 7 Industry Concentration, 2019
2.5 Primary Insights

3 Executive Summary
3.1 Scenario Analysis
Figure 8 Scenario Analysis: Thermal Energy Storage, 2018-2025
3.1.1 Optimistic Scenario
3.1.2 Realistic Scenario
3.1.3 Pessimistic Scenario
Table 2 Thermal Energy Storage Market Snapshot
Figure 9 Americas To Grow At Highest CAGR In thermal Energy Storage Market During forecast Period
Figure 10 Latent Heat Storage Segment To Grow At Highest CAGR In thermal Energy Storage Market During forecast Period
Figure 11 Molten Salts Segment To Continue To Account for Largest Market Size During forecast Period
Figure 12 Power Generation Segment To Witness Fastest Growth In thermal Energy Storage Market During forecast Period
Figure 13 Utilities Segment To Witness Fastest Growth In thermal Energy Storage Market During forecast Period

4 Premium Insights
4.1 Attractive Opportunities In thermal Energy Storage Market
Figure 14 Decentralization of Renewable Energy Sector To Drive thermal Energy Storage Market During forecast Period
4.2 Thermal Energy Storage Market, by Technology
Figure 15 Sensible Heat Storage Segment To Dominate thermal Energy Storage Market, by Technology, During forecast Period
4.3 Thermal Energy Storage Market, by Storage Material
Figure 16 Molten Salts Segment Captured Largest Share of thermal Energy Storage Market In 2019
4.4 Thermal Energy Storage Market, by Application
Figure 17 District Heating & Cooling Segment Captured Largest Share of thermal Energy Storage Market In 2019
4.5 Thermal Energy Storage Market, by End User
Figure 18 Utilities Segment Commanded Largest Share of thermal Energy Storage Market In 2019
4.6 Thermal Energy Storage Market, by Region
Figure 19 Thermal Energy Storage Market In Americas To Grow At Highest CAGR During forecast Period
4.7 Thermal Energy Storage Market In Americas, by End User & Country
Figure 20 Utilities Segment and US Dominated thermal Energy Storage Market In Americas In 2019

5 Market Overview
5.1 Introduction
5.2 YC Shift
5.3 Covid-19 Health Assessment
Figure 21 Covid-19: Global Propagation
Figure 22 Covid-19 Propagation In Select Countries
5.4 Road To Recovery
Figure 23 Recovery Road for 2020
5.5 Covid-19 Economic Assessment
Figure 24 Revised Gdp forecast for Select G20 Countries In 2020
5.6 Market Dynamics
Figure 25 Thermal Energy Storage Market: Market Dynamics
5.6.1 Drivers
5.6.1.1 Demand for energy storage for supplementing ever-increasing solar energy generation
Figure 26 Change In Renewable Energy Generation, by Source, 2017 Vs 2018
Table 3 CSP Tower Projects With Storage In 2017
5.6.1.2 Increasing HVAC applications fueling demand for thermal energy storage
5.6.1.3 Promotion of Tes by governments and other regulatory authorities
5.6.2 Restraints
5.6.2.1 High grid connection barriers related to thermal energy storage
5.6.2.2 Competition from battery storage and pumped-storage technologies
Table 4 Cost Comparison of Various Storage Technologies
5.6.3 Opportunities
5.6.3.1 Decentralization of renewable energy sector
5.6.3.2 Increasing use of molten salts for CSP plants
5.6.4 Challenges
5.6.4.1 High initial costs, along with changing costs by technology
5.7 Value Chain Analysis
Figure 27 Thermal Energy Storage: Value Chain
5.7.1 Project Development
5.7.2 Procurement of Materials
5.7.3 Procurement of Components
5.7.4 Plant Engineering & Construction
5.7.5 Operation
5.7.6 Distribution
5.8 Average Selling Price
Table 5 Thermal Energy Storage Unit Capital Cost, by Technology (USD/Kwh)
5.9 Market Interconnection
5.10 Case Study Analysis
5.10.1 Crescent Dunes Uses Molten Salt Storage for Solar Power
Tower CSP
Table 6 Crescent Dunes Project Statistics
5.10.2 Supcon Delingha 50Mw Molten Salt Tower CSP Uses Solar Power Tower CSP for Utilities
Table 7 Supcon Delingha Project Statistics

6 Impact of Covid-19 On thermal Energy Storage Market, Scenario Analysis, by Region
6.1 Introduction
6.1.1 Impact of Covid-19 On Gdp
Table 8 Gdp Analysis (%)
6.1.2 Scenario Analysis of Global Power Sector
Figure 28 Annual Average Growth Rate of Electricity Demand, 2017-2020
6.1.3 Optimistic Scenario
Table 9 Optimistic Scenario: Thermal Energy Storage Market, by Region, 2018-2025 (USD Thousand)
6.1.4 Realistic Scenario
Table 10 Realistic Scenario: Thermal Energy Storage Market, by Region, 2018-2025 (USD Thousand)
6.1.5 Pessimistic Scenario
Table 11 Pessimistic Scenario: Thermal Energy Storage Market, by Region, 2018-2025 (USD Thousand)

7 Thermal Energy Storage Market, by Technology
7.1 Introduction
Table 12 Technology Comparison
Figure 29 Sensible Heat Segment Is Expected To Continue To Account for Largest Size of thermal Energy Storage Market During forecast Period
Table 13 Thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
7.2 Sensible Heat Storage Technology
7.2.1 High Demand for Molten Salts for thermal Energy Storage Is Driving Sensible Heat Storage Technology Demand
Table 14 List of Storage Materials for Sensible Heat Storage
Table 15 Sensible Heat Storage: Thermal Energy Storage Market Size, by Region, 2018-2025 (USD Thousand)
7.3 Latent Heat Storage Technology
7.3.1 Development of Phase Change Materials Is Likely To Drive Market
Table 16 List of Storage Materials for Latent Heat Storage
Table 17 Latent Heat Storage: Thermal Energy Storage Market Size, by Region, 2018-2025 (USD Thousand)
7.4 Thermochemical Storage Technology
7.4.1 US Offers High Potential for Growth of thermochemical Storage Technology
Table 18 Thermochemical Storage: Thermal Energy Storage Market Size, by Region, 2018-2025 (USD Thousand)

8 Thermal Energy Storage Market, by Storage Material
8.1 Introduction
Figure 30 Molten Salts Segment Is Expected To Continue To Account for Largest Size of thermal Energy Storage Market During 2020-2025
Table 19 Thermal Energy Storage Market Size, by Storage Material, 2018-2025 (USD Thousand)
8.2 Water
8.2.1 Water-Based thermal Energy Storage Systems Require Low Investment
Table 20 Water: Thermal Energy Storage Market Size, by Region, 2018-2025 (USD Thousand)
8.3 Molten Salt
8.3.1 Lithium Salts
8.3.1.1 Good thermophysical properties and low costs of lithium salts make them more demandable for CSP thermal plants
8.3.2 Potassium Salts
8.3.2.1 Binary and ternary salts, including potassium nitrate, make good storage materials for thermal energy storage
Table 21 Molten Salt: Thermal Energy Storage Market Size, by Region, 2018-2025 (USD Thousand)
8.4 Phase Change Materials (Pcm)
8.4.1 Pcms Enable Target-Oriented Discharging Temperatures
Table 22 Phase Change Materials: Thermal Energy Storage Market Size, by Region, 2018-2025 (USD Thousand)
8.5 Others
Table 23 Others: Thermal Energy Storage Market Size, by Region, 2018-2025 (USD Thousand)

9 Thermal Energy Storage Market, by Application
9.1 Introduction
Figure 31 District Heating & Cooling Segment Is Expected To Continue To Account for Largest Size of thermal Energy Storage Market During 2020-2025
Table 24 Thermal Energy Storage Market Size, by Application, 2018-2025 (USD Thousand)
9.2 Power Generation
9.2.1 Upcoming CSP Projects To Drive Power Generation Application of thermal Energy Storage
Table 25 Power Generation: Thermal Energy Storage Market Size, by Region, 2018-2025 (USD Thousand)
9.3 District Heating & Cooling
9.3.1 Evolving Smart City Concept and HVAC Applications In Middle East and European Countries Is Driving Market Growth
Table 26 District Heating & Cooling: Thermal Energy Storage Market Size, by Region, 2018-2025 (USD Thousand)
9.4 Process Heating & Cooling
9.4.1 Increasing Demand for thermal Energy Storage To Provide Heating and Cooling Solutions for Energy-Intensive Industries Is Fueling Market Growth
Table 27 Process Heating & Cooling: Thermal Energy Storage Market Size, by Region, 2018-2025 (USD Thousand)

10 Thermal Energy Storage Market, by End User
10.1 Introduction
Figure 32 Utilities Segment Is Expected To Continue To Dominate thermal Energy Storage Market During forecast Period
Table 28 Thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
10.2 Utilities
10.2.1 Increasing Focus On Power Load Management During Peak Hours Is Driving Demand From Utilities
Table 29 Utilities: Thermal Energy Storage Market Size, by Region, 2018-2025 (USD Thousand)
10.3 Commercial
10.3.1 Thermal Energy Storage Systems Are Used for HVAC Applications In Commercial Sector
Table 30 Commercial: Thermal Energy Storage Market Size, by Region, 2018-2025 (USD Thousand)
10.4 Industrial
10.4.1 High Volumes of Waste Heat Generated In Industries Is Encouraging Use of Tes Systems for Process Heating & Cooling Applications
Table 31 Industrial: Thermal Energy Storage Market Size, by Region, 2018-2025 (USD Thousand)

11 Thermal Energy Storage Market, by Region
11.1 Introduction
Figure 33 Regional Snapshot: Market In Americas Is Expected To Grow At Highest CAGR During forecast Period
Figure 34 Thermal Energy Storage Market Share (Value), by Region, 2020 & 2025
Table 32 Thermal Energy Storage Market, Capacity, by Region, 2018-2025 (Mwh)
Table 33 Thermal Energy Storage Market, by Region, 2018-2025 (USD Thousand)
11.2 Europe
11.2.1 Impact of Covid-19 On thermal Energy Storage Market In Europe
Figure 35 Regional Snapshot: Europe
11.2.2 Europe: Thermal Energy Storage Market, Scenario Analysis,
2018-2025
Table 34 Europe: Thermal Energy Storage Market, Scenario Analysis, 2018-2025 (USD Thousand)
11.2.3 By Technology
Table 35 Europe: Thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
11.2.3.1 Sensible heat storage technology, by country
Table 36 Sensible Heat Storage: Europe thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.2.3.2 Latent heat storage technology, by country
Table 37 Latent Heat Storage: Europe thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.2.3.3 Thermochemical storage, by country
Table 38 Thermochemical Storage: Europe thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.2.4 By Storage Material
Table 39 Europe: Thermal Energy Storage Market Size, by Storage Material, 2018-2025 (USD Thousand)
11.2.5 By Application
Table 40 Europe: Thermal Energy Storage Market Size, by Application, 2018-2025 (USD Thousand)
11.2.6 By End User
Table 41 Europe: Thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.2.6.1 Utilities, by country
Table 42 Utilities: Europe thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.2.6.2 Commercial, by country
Table 43 Commercial: Europe thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.2.6.3 Industrial, by country
Table 44 Industrial: Europe thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.2.7 By Country
Table 45 Europe thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.2.7.1 Spain
11.2.7.1.1 High demand from utilities for low-cost CSP plus storage solutions is driving market
Table 46 Spain thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
Table 47 Spain thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.2.7.2 France
11.2.7.2.1 High demand for thermal energy storage for heating & cooling applications drives market in France
Table 48 France thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
Table 49 France thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.2.7.3 Germany
11.2.7.3.1 Government initiatives to increase share of renewables in power generation mix will drive market in Germany
Table 50 Germany thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
Table 51 Germany thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.2.7.4 UK
11.2.7.4.1 High focus on decarbonization of heat is driving market growth in UK
Table 52 UK Thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
Table 53 UK Thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.2.7.5 Italy
11.2.7.5.1 Increased demand for molten salts and demand for energy storage in Italy is fueling market growth
Table 54 Italy thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
Table 55 Italy thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.2.7.6 Rest of Europe
Table 56 Rest of Europe thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
Table 57 Rest of Europe thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.3 Americas
Figure 36 Regional Snapshot: Americas
11.3.1 Impact of Covid-19 On thermal Energy Storage Market
In Americas
11.3.2 Americas: Thermal Energy Storage Market, Scenario Analysis, 2018-2025
Table 58 Americas: Thermal Energy Storage Market, Scenario Analysis, 2018-2025 (USD Thousand)
11.3.3 By Technology
Table 59 Americas: Thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
11.3.3.1 Sensible heat storage technology, by country
Table 60 Sensible Heat Storage: Americas thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.3.3.2 Latent heat storage technology, by country
Table 61 Latent Heat Storage: Americas thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.3.3.3 Thermochemical storage, by country
Table 62 Thermochemical Storage: Americas thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.3.4 By Storage Material
Table 63 Americas: Thermal Energy Storage Market Size, by Storage Material, 2018-2025 (USD Thousand)
11.3.5 By Application
Table 64 Americas: Thermal Energy Storage Market Size, by Application, 2018-2025 (USD Thousand)
11.3.6 By End User
Table 65 Americas: Thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.3.6.1 Utilities, by country
Table 66 Utilities: Americas thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.3.6.2 Commercial, by country
Table 67 Commercial: Americas thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.3.6.3 Industrial, by country
Table 68 Industrial: Americas thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.3.7 By Country
Table 69 Americas: Thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.3.7.1 US
11.3.7.1.1 High investments in solar thermal storage and planned CSP power generation is likely to drive market in the US
Table 70 US Thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
Table 71 US Thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.3.7.2 Canada
11.3.7.2.1 Steadily integration of solar power in overall generation mix is likely to bring opportunities for thermal energy storage market in Canada
Table 72 Canada thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
Table 73 Canada thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.3.7.3 Chile
11.3.7.3.1 Potential to supply molten salts fostering thermal energy storage market growth in Chile
Table 74 Chile thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
Table 75 Chile thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.3.7.4 Rest of Americas
Table 76 Rest of Americas thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
Table 77 Rest of Americas thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.4 Middle East & Africa
11.4.1 Impact of Covid-19 On Middle East & Africa thermal Energy Storage Market
11.4.2 Middle East & Africa: Thermal Energy Storage Market, Scenario Analysis, 2018-2025
Table 78 Middle East & Africa: Thermal Energy Storage Market, Scenario Analysis, 2018-2025 (USD Thousand)
11.4.3 By Technology
Table 79 Middle East & Africa: Thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
11.4.3.1 Sensible heat storage technology, by country
Table 80 Sensible Heat Storage: Middle East & Africa thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.4.3.2 Latent heat storage technology, by country
Table 81 Latent Heat Storage: Middle East & Africa thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.4.3.3 Thermochemical storage, by country
Table 82 Thermochemical Storage: Middle East & Africa thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.4.4 By Storage Material
Table 83 Middle East & Africa: Thermal Energy Storage Market Size, by Storage Material, 2018-2025 (USD Thousand)
11.4.5 By Application
Table 84 Middle East & Africa: Thermal Energy Storage Market Size, by Application, 2018-2025 (USD Thousand)
11.4.6 By End User
Table 85 Middle East & Africa: Thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.4.6.1 Utilities, by country
Table 86 Utilities: Middle East & Africa thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.4.6.2 Commercial, by country
Table 87 Commercial: Middle East & Africa thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.4.6.3 Industrial, by country
Table 88 Industrial: Middle East & Africa thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.4.7 By Country
Table 89 Middle East & Africa: Thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.4.7.1 South Africa
11.4.7.1.1 Escalating power demand from mining sector to drive thermal energy storage market growth
Table 90 South Africa thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
Table 91 South Africa thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.4.7.2 UAE
11.4.7.2.1 Availability of inexpensive thermal storage materials, such as sand, to favor thermal energy storage capacity additions
Table 92 UAE Thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
Table 93 UAE Thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.4.7.3 Morocco
11.4.7.3.1 Growing number of CSP projects and supportive legislation to drive market in Morocco
Table 94 Morocco thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
Table 95 Morocco thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.4.7.4 Rest of Middle East & Africa
Table 96 Rest of Middle East & Africa thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
Table 97 Rest of Middle East & Africa thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.5 Asia Pacific
11.5.1 Impact of Covid-19 On thermal Energy Storage Market In
Asia Pacific
11.5.2 Asia Pacific: Thermal Energy Storage Market, Scenario Analysis, 2018-2025
Table 98 Asia Pacific: Thermal Energy Storage Market, Scenario Analysis, 2018-2025 (USD Thousand)
11.5.3 By Technology
Table 99 Asia Pacific: Thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
11.5.3.1 Sensible heat storage technology, by country
Table 100 Sensible Heat Storage: Asia Pacific thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.5.3.2 Latent heat storage technology, by country
Table 101 Latent Heat Storage: Asia Pacific thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.5.3.3 Thermochemical storage, by country
Table 102 Thermochemical Storage: Asia Pacific thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.5.4 By Storage Material
Table 103 Asia Pacific: Thermal Energy Storage Market Size, by Storage Material, 2018-2025 (USD Thousand)
11.5.5 By Application
Table 104 Asia Pacific: Thermal Energy Storage Market Size, by Application, 2018-2025 (USD Thousand)
11.5.6 By End User
Table 105 Asia Pacific: Thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.5.6.1 Utilities, by country
Table 106 Utilities: Asia Pacific thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.5.6.2 Commercial, by country
Table 107 Commercial: Asia Pacific thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.5.6.3 Industrial, by country
Table 108 Industrial: Asia thermal Pacific Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.5.7 By Country
Table 109 Asia Pacific: Thermal Energy Storage Market Size, by Country, 2018-2025 (USD Thousand)
11.5.7.1 China
11.5.7.1.1 Increasing focus on CSP for hedging carbon emissions and meeting peak hours demand is driving thermal energy storage market in China
Table 110 China thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
Table 111 China thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.5.7.2 India
11.5.7.2.1 Focus on renewable energy generation capacity additions will support thermal energy storage technologies in India
Table 112 India thermal Energy Storage Market, by Technology, 2018-2025 (USD Thousand)
Table 113 India thermal Energy Storage Market, by End User, 2018-2025 (USD Thousand)
11.5.7.3 Australia
11.5.7.3.1 Initiation of Arena-funded thermal energy storage projects is fostering market growth in Australia
Table 114 Australia thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
Table 115 Australia thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)
11.5.7.4 Rest of Asia Pacific
Table 116 Rest of Asia Pacific thermal Energy Storage Market Size, by Technology, 2018-2025 (USD Thousand)
Table 117 Rest of Asia Pacific thermal Energy Storage Market Size, by End User, 2018-2025 (USD Thousand)

12 Competitive Landscape
12.1 Overview
Figure 37 Key Developments In Global thermal Energy Storage Market, 2017-August 2020
12.2 Market Evaluation Framework
Figure 38 Market Evaluation Framework: Contracts & Agreements Have Fueled Growth of Companies From 2017 To 2020
12.3 Industry Concentration, 2019
Figure 39 Industry Concentration, 2019
12.3.1 Contracts & Agreements
12.3.2 Investments & Expansion
12.4 Company Evaluation Matrix Definitions and Methodology
12.4.1 Stars
12.4.2 Emerging Leaders
12.4.3 Pervasive
12.4.4 Emerging Companies
12.5 Company Evaluation Matrix, 2019
Figure 40 Thermal Energy Storage Market (Global) Competitive Leadership Mapping, 2019
12.6 Winners Vs. Tail-Enders
12.6.1 Winners
12.6.2 Tail Enders

13 Company Profile
(Business overview, Products/solutions/services offered, Recent Developments, SWOT Analysis, Mnm view)*
13.1 Abengoa
Figure 41 Abengoa: Company Snapshot
13.2 Man Energy Solutions
13.3 Brightsource Energy
13.4 Baltimore Aircoil Company
13.5 Solarreserve
13.6 Caldwell Energy
13.7 Burns & Mcdonnell
13.8 Cristopia Energy
13.9 Cryogel thermal Energy Storage
13.10 Dunham Bush
13.11 Steffes Corporation
13.12 Turbine Air Systems (TAS)
13.13 Evapco
13.14 Calmac
13.15 CB&I (McDermott)
13.16 Lime
13.17 Vogtice
13.18 Sunwell Technologies
13.19 DC Pro Engineering
13.20 Fafco
*Details on Business overview, Products/solutions/services offered, Recent Developments, SWOT Analysis, Mnm view might not be captured in case of unlisted companies.

14 Adjacent & Related Markets
14.1 Introduction
14.2 Limitations
14.3 Energy Storage Interconnected Markets
14.4 Concentrating Solar Power (CSP) Market
14.4.1 Market Definition
14.4.2 Limitations
14.4.3 Market Overview
14.4.4 Concentrating Solar Power Market, by Technology
Table 118 Concentrating Solar Power Market, by Technology, 2018-2025 (USD Million)
14.4.4.1 Solar power towers
Table 119 Solar Power Towers: Concentrating Solar Power Market Size, by Region, 2018-2025 (USD Million)
14.4.4.2 Linear concentrating systems
Table 120 Linear Concentrating Systems: Concentrating Solar Power Market, by Region, 2018-2025 (USD Million)
14.4.4.3 Stirling dish technology
Table 121 Stirling Dish Technology: Concentrating Solar Power Market, by Region, 2018-2025 (USD Million)
14.4.5 Concentrating Solar Power Market, by Operation Type
Table 122 Concentrating Solar Power Market, by Operation Type, 2018-2025 (USD Million)
14.4.5.1 Stand-alone systems
Table 123 Stand-Alone Systems: Concentrating Solar Power Market, by Region, 2018-2025 (USD Million)
14.4.5.2 With storage
Table 124 With Storage: Concentrating Solar Power Market, by Region, 2018-2025 (USD Million)
14.4.6 Concentrating Solar Power Market, by Capacity
Table 125 Concentrating Solar Power Market, by Capacity, 2018-2025 (USD Million)
14.4.6.1 Less than 50 Mw
Table 126 Less Than 50 Mw: Concentrating Solar Power Market, by Region, 2018-2025 (USD Million)
14.4.6.2 50 Mw to 99 Mw
Table 127 50 Mw To 99 Mw: Concentrating Solar Power Market, by Region, 2018-2025 (USD Million)
14.4.6.3 100 Mw and Above
Table 128 100 Mw and Above: Concentrating Solar Power Market, by Region, 2018-2025 (USD Million)
14.4.7 Concentrating Solar Power Market, by End User
Table 129 Concentrating Solar Power Market, by End User, 2018-2025 (USD Million)
14.4.7.1 Utilities
Table 130 Utilities: Concentrating Solar Power Market, by Region, 2018-2025 (USD Million)
14.4.7.2 EOR
Table 131 EOR: Concentrating Solar Power Market, by Region, 2018-2025 (USD Million)
14.4.7.3 Others
Table 132 Others: Concentrating Solar Power Market, by Region, 2018-2025 (USD Million)
14.4.8 Concentrating Solar Power Market, by Region
Table 133 Global Concentrating Solar Power Market, Capacity, by Region, 2018-2025 (In Mw)
Table 134 Global Concentrating Solar Power Market, by Region, 2018-2025 (USD Million)
14.5 Residential Energy Storage Market
14.5.1 Market Definition
14.5.2 Limitations
14.5.3 Market Overview
14.5.4 Residential Energy Storage Market, by Power Rating
Table 135 Residential Energy Storage Market Size, by Power Rating, 2017-2024 (USD Million)
14.5.4.1 3-6 kW
Table 136 3-6 Kw: Residential Energy Storage Market Size, by Region, 2017-2024 (USD Million)
14.5.4.2 6-10 kW
Table 137 6-10 Kw: Residential Energy Storage Market Size, by Region, 2017-2024 (USD Million)
14.5.5 Residential Energy Storage Market, by Technology
Table 138 Residential Energy Storage Market Size, by Technology, 2017-2024 (USD Million)
14.5.5.1 Lithium-ion
Table 139 Lithium-Ion: Global Residential Energy Storage Market Size, by Region, 2017-2024 (USD Million)
14.5.5.2 Lead-acid
Table 140 Lead-Acid: Residential Energy Storage Market Size, by Region, 2017-2024 (USD Million)
14.5.6 Residential Energy Storage Market, by Ownership Type
Table 141 Residential Energy Storage Market Size, by Ownership Type, 2017-2024 (USD Million)
14.5.6.1 Customer owned
Table 142 Customer Owned: Residential Energy Storage Market Size, by Region, 2017-2024 (USD Million)
14.5.6.2 Utility owned
Table 143 Utility Owned: Residential Energy Storage Market Size, by Region, 2017-2024 (USD Million)
14.5.6.3 Third-party owned
Table 144 Third-Party Owned: Residential Energy Storage Market Size, by Region, 2017-2024 (USD Million)
14.5.7 Residential Energy Storage Market, by Operation Type
Table 145 Residential Energy Storage Market Size, by Operation Type, 2017-2024 (USD Million)
14.5.7.1 Standalone systems
Table 146 Standalone Systems: Global Residential Energy Storage Market Size, by Region, 2017-2024 (USD Million)
14.5.7.2 Solar and storage
Table 147 Solar and Storage: Residential Energy Storage Market Size, by Region, 2017-2024 (USD Million)
14.5.8 Residential Energy Storage Market, by Connectivity Type
Table 148 Residential Energy Storage Market Size, by Connectivity Type, 2017-2024 (USD Million)
14.5.8.1 On-grid
Table 149 On-Grid: Global Residential Energy Storage Market Size, by Region, 2017-2024 (USD Million)
14.5.8.2 Off-grid
Table 150 Off-Grid: Residential Energy Storage Market Size, by Region, 2017-2024 (USD Million)
14.5.9 Residential Energy Storage Market, by Region
Table 151 Residential Energy Storage Market Size, by Region, 2017-2024 (USD Million)
14.6 Distributed Energy Resource Management System (DERMS) Market
14.6.1 Market Definition
14.6.2 Limitations
14.6.3 Market Overview
14.6.4 Distributed Energy Resource Management System (DERMS) Market, by Technology
Table 152 Distributed Energy Resource Management System Market Size, by Technology, 2015-2022 (USD Million)
14.6.4.1 Solar PV
Table 153 Solar PV: Distributed Energy Resource Management System Market Size, by Region, 2015-2022 (USD Million)
14.6.4.2 Wind
Table 154 Wind: Distributed Energy Resource Management System Market Size, by Region, 2015-2022 (USD Million)
14.6.4.3 Energy Storage
Table 155 Energy Storage: Distributed Energy Resource Management System Market Size, by Region, 2015-2022 (USD Million)
14.6.4.4 Combined Heat & Power (CHP)
Table 156 Combined Heat & Power: Distributed Energy Resource Management System Market Size, by Region, 2015-2022 (USD Million)
14.6.4.5 Others
Table 157 Others: Distributed Energy Resource Management System Market Size, by Region, 2015-2022 (USD Million)
14.6.5 Distributed Energy Resource Management System (DERMS) Market, by Software
Table 158 Distributed Energy Resource Management System Market Size, by Software, 2015-2022 (USD Million)
14.6.5.1 Analytics
Table 159 Analytics: Distributed Energy Resource Management System Market Size, by Region, 2015-2022 (USD Million)
14.6.5.2 Management & Control
Table 160 Management & Control: Distributed Energy Resource Management System Market Size, by Region, 2015-2022 (USD Million)
14.6.5.3 Virtual Power Plants
Table 161 Virtual Power Plants: Distributed Energy Resource Management System Market Size, by Region, 2015-2022 (USD Million)
14.6.6 Distributed Energy Resource Management System (DERMS) Market, by End-User
Table 162 Distributed Energy Resource Management System Market Size, by End-User Industry, 2015-2022 (USD Million)
14.6.6.1 Industrial
Table 163 Industrial: Distributed Energy Resource Management System, Market Size, by Region, 2015-2022 (USD Million)
14.6.6.2 Government & Municipalities
Table 164 Government & Municipalities: Distributed Energy Resource Management System Market Size, by Region, 2015-2022 (USD Million)
14.6.6.3 Commercial
Table 165 Commercial: Distributed Energy Resource Management System, Market Size, by Region, 2015-2022 (USD Million)
14.6.6.4 Military
Table 166 Military: Distributed Energy Resource Management System, Market Size, by Region, 2015-2022 (USD Million)
14.6.6.5 Residential
Table 167 Residential: Distributed Energy Resource Management System, Market Size, by Region, 2015-2022 (USD Million)
14.6.7 Distributed Energy Resource Management System (DERMS) Market, by Region
Table 168 Distributed Energy Resource Management System Market Size, by Region, 2015-2022 (USD Million)

15 Appendix
15.1 Insights of Industry Experts
15.2 Discussion Guide
15.3 Knowledge Store: The Subscription Portal
15.4 Available Customizations
15.5 Related Reports
15.6 Author Details

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