Global Thermal Storage Market Set for Rapid Growth, to Reach USD 5.7 Billion by 2022
Deerfield Beach, FL -- (SBWIRE) -- 10/16/2017 -- The report covers forecast and analysis for the thermal storage market on a global and regional level. The study provides historic data from 2014 to 2016 along with a forecast from 2017 to 2022 based on revenue (USD billion). The study includes drivers and restraints for the thermal storage market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the thermal storage market on a global level.
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In order to give the users of this report a comprehensive view on the thermal storage, we have included a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the thermal storage market has also been included. The study encompasses a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view on the thermal storage market by segmenting the market based on Technology, storage material, and applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2016 to 2022. Key application segments covered under this study include power generation, district heating & cooling, process heating & cooling. On the basis of technology, the market has been segmented into sensible heat, latent heat, and thermal chemical heat. On the basis of storage material, the market has been segmented into the water, molten salt, and phase change material. The regional segmentation includes the current and forecasted demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. This segmentation includes demand for thermal storage based on individual applications in all the regions and countries.
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The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Some of the major players involved in the global thermal storage market include Calmac, DN Tanks, Ice Energy Holdings. Inc, Steffes Corporation, Burns & McDonnell, Fafco, Moixa Energy Holding Ltd, Trinabess, SENEC.IES, Redflow Limited, Murata Manufacturing, Statoil ASA, Abengoa Solar, CircuiTree, Duke Energy Corporation.
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