Thermal Energy Storage Market by Technology and End User - Global Market Analysis and Forecast (2020 - 2025)

The global thermal energy storage market is to increase from US$ 198 million in 2020 to US$ 396 million by 2025 with a compound annual growth rate (CAGR) of 14.9% for the period 2020-2025. Some of the prominent players in the thermal energy storage market are Abengoa S.A, Baltimore Aircoil Company, Brightsource Energy, Burns & Mcdonnell Inc, Cryogel Thermal Energy Storage, Dunham-Bush Industries Sdn Bhd , Man Energy Solutions, Steffes Corporation, Sunwell Technologies, Turbine Air Systems (Tas). The research report on the global thermal energy storage market provides extensive competition analysis and competitive conditions. The report includes information on significant products, players, challenges and developments, and other information specific to the thermal energy storage market. The global economy is highly affected by the COVID-19. Various sectors in the economy are much affected by this pandemic. It is anticipated that the global economy will decline because of the loss of trillions of dollars. The growing extension and imposition of lockdown in various countries directly affect the economy all over the world. The report consists of a chapter that provides a detailed study of the impact of COVID-19 on the thermal energy storage market. The data in this report is targeted for business and industry practitioners and specifically intended to assist in the explanation, direction, and to understand the potential of the thermal energy storage markets. The study focuses on providing readers with an understanding of developments in the industry, market segments, market forecasts, leading players, and market drivers and inhibitors.

Goals and objectives of the study

Understanding the opportunities and advancements of thermal energy storage is determining the market highlights, along with the foremost regions and countries involved in the growth of the market.

To study the diverse segments of the thermal energy storage market and the dynamics of thermal energy storage in the market.

To categorize segments of thermal energy storage with escalating growing potential and to value the futuristic market of the segments.

To analyze the major trends related to different segments that help in figuring and persuading the thermal energy storage market.

To check region-specific growth and development in the thermal energy storage market.

To understand the foremost stakeholders of the thermal energy storage market and the value of the competitive landscape of the leaders of the thermal energy storage market.

To study the key plans, initiatives, and strategies for the development of the thermal energy storage market.

Chapter 2, Market Overview provides an overview of the thermal energy storage market. The chapter includes macro-economic factors, market determinants (includes market drivers, restraints, opportunities, and challenges), value chain analysis, technology/product roadmap, Porter 5 force model analysis, market growth opportunity analysis.

Chapter 3, Segment Analysis of the study deals with the different sub-segments of the market to calculate reliable market forecasts. The chapter provides an in-depth analysis of the market segments of the thermal energy storage market, year-on-year growth projections that enable readers to identify potential market growth areas.

Market Segmentation

Based on technology, the global thermal energy storage market is segmenting into latent heat storage, sensible heat storage, thermochemical storage.

Based on end user, the thermal energy storage market is segmenting into commercial, industrial, utilities.

Chapter 4, Regional Analysis includes an in-depth analysis of the thermal energy storage market by regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The report also includes a comprehensive analysis of the market in key countries such as the United States, Canada, Germany, France, Italy, Spain, China, India, Japan, the GCC, South Africa, Brazil, Mexico, and the rest of the world. Regional insight helps market competitors to make crucial decisions about their company. Individualized, country-wise, and segment-wise analyses by region allow readers of the thermal energy storage market report to explore the potential of the market in different geographies. For each year's growth projections and a global share of value, this section is a vital part of the report.

Chapter 5, Competitive Analysis of the report includes company shares analysis, a list of acquisitions, mergers, collaboration, and the introduction of new products.

Chapter 6, Company Profile of the report also covers key industry players working on the thermal energy storage market. The report also discusses the business strategies adopted by the players at the global, regional, and country-level. The study also focuses on various businesses or inorganic business development strategies for expanding consumer networks through product formation, organization extension, partnerships, mergers, and acquisitions.

The study offers an exhaustive summary and estimate of the global thermal energy storage market. It includes in-depth qualitative and quantitative analyses in the report that aligned with the goals and objectives of our customers. Projections have been confirmed by comprehensive primary and secondary analysis. The study will encourage clients to invest in the thermal energy storage market based on the current business situation, trends, and potential developments in the segments. Understanding the requirement of the client, the report delivers specialist insights into the global thermal energy storage market, its products, and market patterns.