Global Thermal Energy Storage Market 2021-2025

The publisher has been monitoring the thermal energy storage market and it is poised to grow by 2506.87 MW during 2021-2025, decelerating at a CAGR of 10.40% during the forecast period. The report on the thermal energy storage market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for CSP and growing applications in district energy systems.

The thermal energy storage market analysis includes the technology segment and geographic landscape.

The thermal energy storage market is segmented as below:

By Technology

• molten salt energy storage
• phase change material

By Geographical Landscape

• Europe
• North America
• APAC
• MEA
• South America

This study identifies the cost and reliability advantages over alternate technologies as one of the prime reasons driving the thermal energy storage market growth during the next few years.

The report on thermal energy storage market covers the following areas:

• Thermal energy storage market sizing
• Thermal energy storage market forecast
• Thermal energy storage market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading thermal energy storage market vendors that include Abengoa SA, Acciona SA, Araner, BrightSource Energy Inc., CALMAC, DN Tanks Inc., EnergyNest, Goss Engineering, McDermott International Ltd., and SENER GRUPO DE INGENIERIA S.A. Also, the thermal energy storage market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.