Thermal Energy Storage Market for Commercial and Industrial, Utilities, and Residential End Use Applications by 2020
"The Report Thermal Energy
Storage Market - Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2014 - 2020 provides information on pricing,
market analysis, shares, forecast, and company profiles for key
industry participants. - MarketResearchReports.biz"
About
Thermal
Energy Storage
Market
The need for a sustained energy
solution for daily needs has fueled demand for thermal energy storage
(TES) systems globally. Thermal energy storage systems stock up
energy for later use, employing water, ice-slush tanks, rock from the
bedrock layer, aquifers, insulated lined pits and eutectic,
phase-changing materials (PCMs). Demand for energy can be managed
effectively through the usage of TES systems. These systems store
solar energy for space heating in the winter and store cold winter
air for air conditioning purposes in summer. TES solutions can be
implemented in buildings, towns and districts. Sources for TES
include heat pumps, peak shaving, heat generated by power plants and
heat from waste. TES systems are capable of replacing nearly 50% of
the conventionally sourced energy in any industry. These systems also
optimize the overall efficiency of energy systems, thus balancing
fluctuating demand in the process. TES systems reduce demand for
energy during peak hours, lower carbon dioxide emissions and bring
down energy consumption by end-consumers.
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This
research study is designed to analyze the global market for thermal
energy storage both in terms of capacity installation (MW) and
revenue (USD Million). The market for thermal energy storage has been
segmented based on technology and end-use. The market has also been
segmented on a regional level. Regional segments included in this
study are North America, Europe, Asia Pacific, and Rest of the World
(RoW). The research provides an in-depth analysis of the total demand
for thermal energy storage technologies and market revenue of the
global thermal energy storage market. The report features a detailed
regional segmentation along with growth forecast for the period from
2014 to 2020. Projections have been provided for both technology and
end-use segments under each region. The market study on thermal
energy storage technologies also provides historical data, detailed
analysis, and statistically refined forecast for technology, end-use
applications, and regional segments.
The size of the thermal energy
storage market has been estimated based on indicators in technology,
end-use application, and regional segments. The report includes the
key market dynamics affecting demand for thermal energy storage
technologies globally. In order to study the market dynamics, we have
analyzed market drivers, market restraints, and market opportunities.
A comprehensive competitive landscape, which includes company market
share analysis and market attractiveness analysis, has also been
provided in this report. The report also provides detailed industry
analysis of the global thermal energy storage market with the help of
Porter’s Five Forces model. This model helps understand the five
major forces that affect the industry structure and profitability in
the global thermal energy storage market. Bargaining power of buyers,
bargaining power of suppliers, threat from new entrants, threat from
substitutes, and degree of competition are the forces analyzed
through the model.
The study also includes the value
chain of the global thermal energy storage market, which provides a
glimpse of the upstream, midstream, and downstream players involved
in the business as well as their interaction with end-users of
technologies. Market share analysis has been conducted considering
the thermal energy storage system/capacity installed and the upcoming
thermal energy storage projects. The attractiveness analysis involves
benchmarking and ranking each technology and region on the basis of
numerous parameters. The parameters selected are likely to
significantly affect demand for each technology in the current
scenario as well as in the near future.
The technology segment analysis
has been carried out on the global and regional level. The overall
thermal energy storage market has been bifurcated into sensible heat,
latent heat, and thermochemical storage technology segments. Primary
end-user applications of thermal energy storage systems identified in
this market study include commercial and industrial, utilities, and
residential applications.
Key participants in the global
thermal energy storage market include CALMAC, EVAPCO, Inc., Chicago
Bridge & Iron Company (CB&I), and Goss Engineering, Inc.
Other market players that have been profiled in this report include
Abengoa Solar, S.A., Baltimore Aircoil Company, Burns &
McDonnell, Caldwell Energy, FAFCO Thermal Storage Systems, and TAS
Energy. This report provides an overview of these companies, followed
by their financial revenue, business strategies, and recent
developments.
Global Thermal Energy Storage
Market: Technology Segment
Sensible Heat
Latent Heat
Thermochemical Heat
Global Thermal Energy Storage
Market: End Use Segment
Commercial and Industrial
Utilities
Residential
Global Thermal Energy Storage
Market: Regional Analysis
North America
Europe
Asia Pacific
Rest of the World (RoW)
Table of Contents
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Market Segmentation
1.4 Research Methodology
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Chapter 2 Executive Summary
Chapter 3 Global Thermal Energy
Storage Market – Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.1.1 Growth in Variable Energy
Sources (VES) Drives Adoption of Thermal Energy Storage Technologies
3.3.1.2 Deferral of Transmission
and Distribution Upgrades through the Deployment of Thermal Energy
Storage Technologies
3.3.1.3 Increasing Desire for
Access to Efficient, Reliable, and Price-Competitive Electricity
Propels Growth in the Market
3.3.2 Market Restraints
3.3.2.1 High Upfront Investment
and Grid Interconnection Barriers Hamper Growth of the Market
3.3.3 Market Opportunity
3.3.3.1 Latent Heat Storage
Advancing as an Emerging Application Area of Thermal Energy Storage
Systems
3.4 Porter’s Five Forces
Analysis
3.4.1 Bargaining Power of
Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat from Substitutes
3.4.4 Threat from New Entrants
3.4.5 Degree of Competition
3.5 Market Attractiveness Analysis
3.5.1 Market Attractiveness
Analysis of Global Thermal Energy Storage Market, by Technology
Segment, 2013
3.5.2 Market Attractiveness
Analysis of Global Thermal Energy Storage Market, by Regional
Segment, 2013
3.6 Company Market Share Analysis
3.6.1 Global Thermal Energy
Storage Market: Company Market Share Analysis, 2013
Chapter 4 Global Thermal Energy
Storage Market – List and Analysis of Thermal Energy Storage
Project
4.1 List of Thermal Energy Storage
Projects by Technology, by Country, 2013
4.2 List of Thermal Energy Storage
Projects by Installation Type, by Country, by 2013
Chapter 5 Global Thermal Energy
Storage Market – Technology Segment Analysis
5.1 Global Thermal Energy Storage
Market: Technology Segment Overview
5.1.1 Global Thermal Energy
Storage Capacity Installation Estimates and Forecast, by Technology
Segment, 2013 & 2020, (MW)
5.2 Sensible Heat
5.2.1 Global Sensible Heat Thermal
Energy Storage Capacity Installation Estimates and Forecast, by
Regional Segment, 2013 & 2020, (MW)
5.2.2 Global Sensible Heat Thermal
Energy Storage Capacity Installation and Market Revenue Estimates and
Forecast, 2013 – 2020, (MW) (USD Million)
5.2.3 Global Sensible Heat Thermal
Energy Storage Capacity Installation and Market Revenue Estimates and
Forecast, by Regional Segment, 2013 – 2020, (MW) (USD Million)
5.3 Latent Heat
5.3.1 Global Latent Heat Thermal
Energy Storage Capacity Installation Estimates and Forecast, by
Regional Segment, 2013 & 2020, (MW)
5.3.2 Global Latent Heat Thermal
Energy Storage Capacity Installation and Market Revenue Estimates and
Forecast, 2013 – 2020, (MW) (USD Million)
5.3.3 Global Latent Heat Thermal
Energy Storage Capacity Installation and Market Revenue Estimates and
Forecast, by Regional Segment, 2013 – 2020, (MW) (USD Million)
5.4 Thermochemical
5.4.1 Global Thermochemical
Thermal Energy Storage Capacity Installation Estimates and Forecast,
by Regional Segment, 2013 & 2020, (MW)
5.4.2 Global Thermochemical
Thermal Energy Storage Capacity Installation and Market Revenue
Estimates and Forecast, 2013 – 2020, (MW) (USD Million)
5.4.3 Global Thermochemical
Thermal Energy Storage Capacity Installation and Market Revenue
Estimates and Forecast, by Regional Segment, 2013 – 2020, (MW) (USD
Million)
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