About thermal energy storage
Thermal energy storage technology is mainly used for accumulating thermal energy by heating or cooling a storage medium. The energy stored is normally utilized for heating and cooling applications and also for generating power. These energy storage systems are generally small-scale systems and used commonly in buildings and industrial processes. There are three types of thermal energy storage systems: sensible heat storage system, latent heat storage system, and thermochemical storage system. The main advantage of thermal energy storage systems includes reduction in peak load demand, lowering of CO2 emissions, and improvement in the overall efficiency of the energy system. Nowadays, thermal energy storage systems are being constructed in combination with the concentrated solar plants in which the heat can be stored for power production during the absence of sunlight.
Technavio's analysts forecast the global thermal energy storage market to grow at a CAGR of 18.7% over the period 2014-2019.
Covered in this report
The report covers the present scenario and the growth prospects of the global thermal energy storage market for the period 2015-2019. The report includes the segmentation of the market on the basis of technology.
Technavio's report, the Global Thermal Energy Storage Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the global thermal energy storage market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Key vendors
• Baltimore Aircoil
• Caldwell Energy
• CALMAC
• Chicago Bridge and Iron
Other prominent vendors
• Sunwell Technologies
• NEST AS
Market driver
• Growing demand for uninterrupted power supply
• For a full, detailed list, view our report
Market challenge
• Technological challenges related to thermal energy storage system
• For a full, detailed list, view our report
Market trend
• Growing investment in storage technology
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
03.1 Market overview
03.2 Product offerings
04. Market Research Methodology
04.1 Market research process
04.2 Research methodology
05. Introduction
06. Market Landscape
06.1 Market overview
06.2 Market size and forecast
06.3 Five forces analysis
07. Market Segmentation by Technology
07.1 Global thermal energy storage market by technology 2014
07.2 Global thermal energy storage market by technology 2019
07.3 Global thermal energy storage market by sensible heat technology
07.3.1 Market size and forecast
07.4 Global thermal energy storage market by latent heat technology
07.4.1 Market size and forecast
07.5 Global thermal energy storage market by thermochemical technology
07.5.1 Market size and forecast
08. Geographical Segmentation
08.1 Global thermal energy storage market by geographical segmentation 2014
08.2 Global thermal energy storage market by geographical segmentation 2019
08.3 Thermal energy storage market in EMEA
08.3.1 Market size and forecast
08.4 Thermal energy storage market in Americas
08.4.1 Market size and forecast
08.5 Thermal energy storage market in APAC
08.5.1 Market size and forecast
09. Key Leading Countries
09.1 Spain
09.2 US
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
17.1 Competitive scenario
17.1.1 Key news
17.2 Other prominent vendors
18. Key Vendor Analysis
18.1 BAC
18.1.1 Key Facts
18.1.2 Business Overview
18.1.3 Product Segmentation
18.1.4 Geographical Presence
18.1.5 Recent Developments
18.1.6 SWOT Analysis
18.2 Caldwell Energy
18.2.1 Key Facts
18.2.2 Business Overview
18.2.3 SWOT Analysis
18.3 CALMAC
18.3.1 Key facts
18.3.2 Business Overview
18.3.3 Recent Developments
18.3.4 SWOT Analysis
18.4 Chicago Bridge and Iron
18.4.1 Key Facts
18.4.2 Business Overview
18.4.3 Chicago Bridge and Iron : End-user Segmentation
18.4.4 Chicago Bridge and Iron : Capabilities
18.4.5 Chicago Bridge and Iron : Technologies
18.4.6 Chicago Bridge and Iron : Projects
18.4.7 Business Strategy
18.4.8 Recent Developments
18.4.9 SWOT Analysis
19. Other Reports in this Series
List of Exhibits:
Exhibit 1: Market research methodology
Exhibit 2: Global thermal energy storage market 2014-2019 ($ million)
Exhibit 3: Global thermal energy storage market by technology 2014
Exhibit 4: Global thermal energy storage market by technology 2019
Exhibit 5: Global thermal energy storage market by technology 2014-2019
Exhibit 6: Global thermal energy storage market by sensible heat technology 2014-2019 ($ million)
Exhibit 7: Global thermal energy storage market by latent heat technology 2014-2019 ($ million)
Exhibit 8: Global thermal energy storage market by thermochemical technology 2014-2019 ($ million)
Exhibit 9: Global thermal energy storage market by geographical segmentation 2014
Exhibit 10: Global thermal energy storage market by geographical segmentation 2019
Exhibit 11: Global thermal energy storage market by geographical segmentation 2014-2019
Exhibit 12: Thermal energy storage market in EMEA 2014-2019 ($ million)
Exhibit 13: Thermal energy storage market in Americas 2014-2019 ($ million)
Exhibit 14: Thermal energy storage market in APAC 2014-2019 ($ million)
Exhibit 15: BAC: Product Segmentation
Exhibit 16: BAC: Geographical Presence
Exhibit 17: Chicago Bridge and Iron: End-user Segmentation
Exhibit 18: Chicago Bridge and Iron: Capabilities
Exhibit 19: Chicago Bridge and Iron: Technologies
Exhibit 20: Chicago Bridge and Iron: Projects
