Market Research Engine has published a new report titled as “Thermal Energy Storage Market by Technology (Sensible Heat, Latent Heat, and Thermochemical) for Commercial and Industrial, Utilities, and Residential End Use Applications - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2020”
Deerfield Beach, FL -- (SBWIRE) -- 11/16/2016 -- The thermal energy storage market is expected to exceed more than US$ 1750.0 Million by 2020 growing at a CAGR of more than 16% by 2020.
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Thermal energy storage technology is used for storage and transferring energy such as heat energy, energy from cold or ice water or air. This is very different technology need in many areas. In this it stores or collect the thermal energy for later use in many areas such as in town, district or at multi user building or individual building. Thermal energy storage technologies help to decrease utilization of energy and raise energy supply by proficiently utilizing re-new able energy sources. Many of renewable energy sources will not exist all over day, so that time thermal energy storage technology will be the best solution for use. Thermal energy storage technologies are also used for moving peak energy which is used into off peak hours.
The major driving factors of thermal energy storage market are as follows:
Development in variable energy sources drives acceptance of thermal energy storage technologies
Deferral of distribution and transmission rise through the use of thermal energy storage technologies
Increasing need for access to reliable, efficient, cost competitive electricity propels increase in the market
The restraints factors of thermal energy storage market are as follows:
High grid interconnection barriers and investment slow down development of the market
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The thermal energy storage market is segmented on the lines of its technology, end user and type. Under technology segmentation it covers sensible heat, latent heat and thermo chemical storage. The thermal energy storage market is segmented on the lines of its end user like commercial, industrial and residential end user. Based on type segmentation it covers heat storage and solar power. The thermal energy storage market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global market for thermal energy storage and related technologies.
2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2020.
3) Identifications of new market opportunities and targeted promotional plans for thermal energy storage
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The scope of the report includes a detailed study of global and regional markets for various types of coatings with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include CALMAC, EVAPCO, Inc., Chicago Bridge & Iron Company (CB&I), and Goss Engineering, Inc. ,Abengoa Solar, S.A., Baltimore Aircoil Company, BrightSource Energy, Inc., Burns & McDonnell, Caldwell Energy, FAFCO Thermal Storage Systems, Ice Lings, Steffes Corporation, and TAS Energy.. Company profile includes assign such as company summary, financial summary,business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry's most influential players.
The Thermal Energy Storage Market has been segmented as below:
By Technology Analysis
Thermo chemical Storage
By End-user Analysis
By Type Analysis
By Regional Analysis
Rest of the World
Reasons to Buy this Report:
1) Obtain the most up to date information available on all thermal energy storage market globally.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of coating industry and unit capacity data.
4) Assess your competitor's refining portfolio and its evolution.
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Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.