Global Thermal Energy Storage Market: Size, Trend, Share, Opportunity Analysis, and Forecast, 2014-2025

February 2017 | | ID: G6FE2347B63EN
Progressive Markets (owned by Antviews Global)

Abstracts

Thermal energy storage (TES) is the technology by which thermal energy is stored either by heating or cooling a storage medium, so that the energy can be utilized later by heating and cooling applications and power generation. The storage medium for TES system can be a water or ice-slush tank ranging from small to large, deep aquifers, or pits filled with gravel and having coupled heat-exchanger systems to regulate temperature. TES systems are advantageous because they help in balancing energy demand and supply on a daily, weekly, and seasonal basis as well; reducing peak energy demand, energy consumption, CO2 emissions and costs; and increasing overall efficiency of energy systems. The global thermal energy storage market is expected to grow at a CAGR of 17.2% from 2017 to 2025.

The global thermal energy storage market is segmented based on type, technology, end-use, and geography. Based on type, the market is categorized into heat storage and solar storage systems. By technology, the market is categorized into sensible heat, latent heat, and thermochemical markets. Based on end-use, the market is bifurcated into commercial & industrial, utilities, and residential markets. Geographic breakdown and deep analysis of each of the aforesaid segments have resulted in the following regions: North America, Europe, Asia-Pacific, and LAMEA.

MARKET DYNAMICS:

Drivers:

• Growth in Variable Energy Sources (VES) is expected to drive the thermal energy storage market.
• Increasing desire for access to efficient, reliable, and price-competitive electricity is expected to fuel the demand for thermal energy storage market.

Restraints:

• High upfront investment and grid interconnection barriers have hampered growth of the thermal energy storage market.

MARKET PLAYERS:

The top players in the global thermal energy storage market include Evapco, Inc., Abengoa Solar, Baltimore Aircoil Company, BrightSource Energy, Inc., Caldwell Energy, Calmac, FAFCO Thermal Storage Systems, Cristopia Energy Systems, Goss Engineering, Inc., and DC Pro Engineering LLC.

KEY TAKEAWAYS

MARKET LANDSCAPE

• By Type
• Heat Storage
• Solar Storage
• By Technology
• Sensible Heat
• Latent Heat
• Thermochemical
• By End-use
• Commercial & Industrial
• Utilities
• Residential
• By Geography
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Italy
• Rest of Europe
• Asia-Pacific
• China
• India
• South Korea
• Japan
• Rest of Asia-Pacific
• LAMEA
• Brazil
• Africa
• Turkey
• Rest of LAMEA

Contents

1. EXECUTIVE SUMMARY

1.1. Key Findings
1.2. Market Attractiveness and Trend analysis
1.3. Competitive Landscape and recent industry development analysis

2. INTRODUCTION

2.1. Report Description
2.2. Scope and Definitions
2.3. Research Methodology

3. MARKET LANDSCAPE

3.1. Growth Drivers
  3.1.1. Impact Analysis
3.2. Restrains and Challenges
  3.2.1. Impact Analysis
3.3. Porter’s Analysis
  3.3.1. Bargaining power of buyers
  3.3.2. Bargaining power of suppliers
  3.3.3. Threat of substitutes
  3.3.4. Industry rivalry
  3.3.5. Threat of new entrants
3.4. Global Thermal Energy Storage Market Shares Analysis, 2014-2025
  3.4.1. Global thermal energy storage market share by type, 2014-2025
  3.4.2. Global thermal energy storage market share by technology, 2014-2025
  3.4.3. Global thermal energy storage market share by end-use, 2014-2025
  3.4.4. Global thermal energy storage market share by geography, 2014-2025

4. MARKET BY TYPE

4.1. Heat Storage
  4.1.1. Historical Market Size by Region, 2014-2014-2025
  4.1.2. Market Forecast by Region, 2017-2025
4.2. Solar Storage
  4.2.1. Historical Market Size by Region, 2014-2014-2025
  4.2.2. Market Forecast by Region, 2017-2025

5. MARKET BY TECHNOLOGY

5.1. Sensible Heat
  5.1.1. Historical Market Size by Region, 2014-2014-2025
  5.1.2. Market Forecast by Region, 2017-2025
5.2. Latent Heat
  5.2.1. Historical Market Size by Region, 2014-2014-2025
  5.2.2. Market Forecast by Region, 2017-2025
5.3. Thermochemical
  5.3.1. Historical Market Size by Region, 2014-2014-2025
  5.3.2. Market Forecast by Region, 2017-2025

6. MARKET BY END-USE

6.1. Commercial & Industrial
  6.1.1. Historical Market Size by Region, 2014-2014-2025
  6.1.2. Market Forecast by Region, 2017-2025
6.2. Utilities
  6.2.1. Historical Market Size by Region, 2014-2014-2025
  6.2.2. Market Forecast by Region, 2017-2025
6.3. Residential
  6.3.1. Historical Market Size by Region, 2014-2014-2025
  6.3.2. Market Forecast by Region, 2017-2025

7. MARKET BY GEOGRAPHY

7.1. North America
  7.1.1. Historical Market Size, 2014-2014-2025
  7.1.2. Market Forecast, 2017-2025
  7.1.3. U.S.
    7.1.3.1. Historical Market Size, 2014-2014-2025
    7.1.3.2. Market Forecast, 2017-2025
  7.1.4. Canada
    7.1.4.1. Historical Market Size, 2014-2014-2025
    7.1.4.2. Market Forecast, 2017-2025
  7.1.5. Mexico
    7.1.5.1. Historical Market Size, 2014-2014-2025
    7.1.5.2. Market Forecast, 2017-2025
7.2. Europe
  7.2.1. Historical Market Size, 2014-2014-2025
  7.2.2. Market Forecast, 2017-2025
  7.2.3. UK
    7.2.3.1. Historical Market Size, 2014-2014-2025
    7.2.3.2. Market Forecast, 2017-2025
  7.2.4. Germany
    7.2.4.1. Historical Market Size, 2014-2014-2025
    7.2.4.2. Market Forecast, 2017-2025
  7.2.5. France
    7.2.5.1. Historical Market Size, 2014-2014-2025
    7.2.5.2. Market Forecast, 2017-2025
  7.2.6. Spain
    7.2.6.1. Historical Market Size, 2014-2014-2025
    7.2.6.2. Market Forecast, 2017-2025
  7.2.7. Italy
    7.2.7.1. Historical Market Size, 2014-2014-2025
    7.2.7.2. Market Forecast, 2017-2025
  7.2.8. Rest of Europe
    7.2.8.1. Historical Market Size, 2014-2014-2025
    7.2.8.2. Market Forecast, 2017-2025
7.3. Asia-Pacific
  7.3.1. Historical Market Size, 2014-2014-2025
  7.3.2. Market Forecast, 2017-2025
  7.3.3. China
    7.3.3.1. Historical Market Size, 2014-2014-2025
    7.3.3.2. Market Forecast, 2017-2025
  7.3.4. Japan
    7.3.4.1. Historical Market Size, 2014-2014-2025
    7.3.4.2. Market Forecast, 2017-2025
  7.3.5. India
    7.3.5.1. Historical Market Size, 2014-2014-2025
    7.3.5.2. Market Forecast, 2017-2025
  7.3.6. Australia
    7.3.6.1. Historical Market Size, 2014-2014-2025
    7.3.6.2. Market Forecast, 2017-2025
  7.3.7. South Korea
    7.3.7.1. Historical Market Size, 2014-2014-2025
    7.3.7.2. Market Forecast, 2017-2025
  7.3.8. Rest of Asia-Pacific
    7.3.8.1. Historical Market Size, 2014-2014-2025
    7.3.8.2. Market Forecast, 2017-2025
7.4. LAMEA
  7.4.1. Historical Market Size, 2014-2014-2025
  7.4.2. Market Forecast, 2017-2025
  7.4.3. Brazil
    7.4.3.1. Historical Market Size, 2014-2014-2025
    7.4.3.2. Market Forecast, 2017-2025
  7.4.4. South Africa
    7.4.4.1. Historical Market Size, 2014-2014-2025
    7.4.4.2. Market Forecast, 2017-2025
  7.4.5. Saudi Arabia
    7.4.5.1. Historical Market Size, 2014-2014-2025
    7.4.5.2. Market Forecast, 2017-2025
  7.4.6. Rest of LAMEA
    7.4.6.1. Historical Market Size, 2014-2014-2025
    7.4.6.2. Market Forecast, 2017-2025

8. COMPANY PROFILES

8.1. Evapco, Inc.
  8.1.1. Overview
  8.1.2. Financials and business segments
  8.1.3. Recent Developments
8.2. Abengoa Solar
  8.2.1. Overview
  8.2.2. Financials and business segments
  8.2.3. Recent Developments
8.3. Baltimore Aircoil Company
  8.3.1. Overview
  8.3.2. Financials and business segments
  8.3.3. Recent Developments
8.4. BrightSource Energy, Inc.
  8.4.1. Overview
  8.4.2. Financials and business segments
  8.4.3. Recent Developments
8.5. Caldwell Energy
  8.5.1. Overview
  8.5.2. Financials and business segments
  8.5.3. Recent Developments
8.6. Calmac
  8.6.1. Overview
  8.6.2. Financials and business segments
  8.6.3. Recent Developments
8.7. FAFCO Thermal Storage Systems
  8.7.1. Overview
  8.7.2. Financials and business segments
  8.7.3. Recent Developments
8.8. Cristopia Energy Systems
  8.8.1. Overview
  8.8.2. Financials and business segments
  8.8.3. Recent Developments
8.9. Goss Engineering, Inc.
  8.9.1. Overview
  8.9.2. Financials and business segments
  8.9.3. Recent Developments
8.10. DC Pro Engineering LLC
  8.10.1. Overview
  8.10.2. Financials and business segments
  8.10.3. Recent Developments

List Of Tables

LIST OF TABLES

Table 1. Thermal Energy Storage Market Share, by Type, 2014-2025, $million
Table 2. Thermal Energy Storage Market Share, by Technology, 2014-2025, $million
Table 3. Thermal Energy Storage Market Share, by End-use, 2014-2025, $million
Table 4. Thermal Energy Storage Market Share, by Region, 2014-2025, $million
Table 5. Thermal Energy Storage Market Value for Heat Storage, by Region, 2017-2025, $million
Table 6. Thermal Energy Storage Market Value for Solar Storage, by Region, 2017-2025, $million
Table 7. Thermal Energy Storage Market Value for Sensible Heat, by Region, 2017-2025, $million
Table 8. Thermal Energy Storage Market Value for Latent Heat, by Region, 2017-2025, $million
Table 9. Thermal Energy Storage Market Value for Thermochemical, by Region, 2017-2025, $million
Table 10. Thermal Energy Storage Market Value for Commercial & Industrial, by Region, 2017-2025, $million
Table 11. Thermal Energy Storage Market Value for Utilities, by Region, 2017-2025, $million
Table 12. Thermal Energy Storage Market Value for Residential, by Region, 2017-2025, $million
Table 13. Thermal Energy Storage Market Value for North America, by Country, 2014-2025, $million
Table 14. Thermal Energy Storage Market Value for North America, by Type, 2014-2025, $million
Table 15. Thermal Energy Storage Market Value for North America, by Technology, 2014-2025, $million
Table 16. Thermal Energy Storage Market Value for North America, by End-use, 2014-2025, $million
Table 17. Thermal Energy Storage Market Value for Europe, by Country, 2014-2025, $million
Table 18. Thermal Energy Storage Market Value for Europe, by Type, 2014-2025, $million
Table 19. Thermal Energy Storage Market Value for Europe, by Technology, 2014-2025, $million
Table 20. Thermal Energy Storage Market Value for Europe, by End-use, 2014-2025, $million
Table 21. Thermal Energy Storage Market Value for Asia-Pacific, by Country, 2014-2025, $million
Table 22. Thermal Energy Storage Market Value for Asia-Pacific, by Type, 2014-2025, $million
Table 23. Thermal Energy Storage Market Value for Asia-Pacific, by Technology, 2014-2025, $million
Table 24. Thermal Energy Storage Market Value for Asia-Pacific, by End-use, 2014-2025, $million
Table 25. Thermal Energy Storage Market Value for LAMEA, by Country, 2014-2025, $million
Table 26. Thermal Energy Storage Market Value for LAMEA, by Type, 2014-2025, $million
Table 27. Thermal Energy Storage Market Value for LAMEA, by Technology, 2014-2025, $million
Table 28. Thermal Energy Storage Market Value for LAMEA, by End-use, 2014-2025, $million
Table 29. Evapco, Inc. - Company Snapshot
Table 30. Abengoa Solar - Company Snapshot
Table 31. Baltimore Aircoil Company - Company Snapshot
Table 32. BrightSource Energy, Inc. - Company Snapshot
Table 33. Caldwell Energy - Company Snapshot
Table 34. Calmac - Company Snapshot
Table 35. FAFCO Thermal Storage Systems - Company Snapshot
Table 36. Cristopia Energy Systems - Company Snapshot
Table 37. Goss Engineering, Inc. - Company Snapshot
Table 38. DC Pro Engineering LLC - Company Snapshot

List Of Figures

LIST OF FIGURES

Figure 1. Thermal Energy Storage: Heat Storage Market Value, 2014-2014-2025, $million
Figure 2. Thermal Energy Storage: Solar Storage Market Value, 2014-2014-2025, $million
Figure 3. Thermal Energy Storage: Sensible Heat Market Value, 2014-2014-2025, $million
Figure 4. Thermal Energy Storage: Latent Heat Market Value, 2014-2014-2025, $million
Figure 5. Thermal Energy Storage: Thermochemical Market Value, 2014-2014-2025, $million
Figure 6. Thermal Energy Storage: Commercial & Industrial Market Value, 2014-2014-2025, $million
Figure 7. Thermal Energy Storage: Utilities Market Value, 2014-2014-2025, $million
Figure 8. Thermal Energy Storage: Residential Market Value, 2014-2014-2025, $million
Figure 9. Thermal Energy Storage: U.S. Market Value, 2014-2014-2025, $million
Figure 10. Thermal Energy Storage: U.S. Market Value, 2017-2025, $million
Figure 11. Thermal Energy Storage: Canada Market Value, 2014-2014-2025, $million
Figure 12. Thermal Energy Storage: Canada Market Value, 2017-2025, $million
Figure 13. Thermal Energy Storage: Mexico Market Value, 2014-2014-2025, $million
Figure 14. Thermal Energy Storage: Mexico Market Value, 2017-2025, $million
Figure 15. Thermal Energy Storage: UK Market Value, 2014-2014-2025, $million
Figure 16. Thermal Energy Storage: UK Market Value, 2017-2025, $million
Figure 17. Thermal Energy Storage: Germany Market Value, 2014-2014-2025, $million
Figure 18. Thermal Energy Storage: Germany Market Value, 2017-2025, $million
Figure 19. Thermal Energy Storage: France Market Value, 2014-2014-2025, $million
Figure 20. Thermal Energy Storage: France Market Value, 2017-2025, $million
Figure 21. Thermal Energy Storage: Spain Market Value, 2014-2014-2025, $million
Figure 22. Thermal Energy Storage: Spain Market Value, 2017-2025, $million
Figure 23. Thermal Energy Storage: Italy Market Value, 2014-2014-2025, $million
Figure 24. Thermal Energy Storage: Italy Market Value, 2017-2025, $million
Figure 25. Thermal Energy Storage: Rest of Europe Market Value, 2014-2014-2025, $million
Figure 26. Thermal Energy Storage: Rest of Europe Market Value, 2017-2025, $million
Figure 27. Thermal Energy Storage: China Market Value, 2014-2014-2025, $million
Figure 28. Thermal Energy Storage: China Market Value, 2017-2025, $million
Figure 29. Thermal Energy Storage: Japan Market Value, 2014-2014-2025, $million
Figure 30. Thermal Energy Storage: Japan Market Value, 2017-2025, $million
Figure 31. Thermal Energy Storage: India Market Value, 2014-2014-2025, $million
Figure 32. Thermal Energy Storage: India Market Value, 2017-2025, $million
Figure 33. Thermal Energy Storage: Australia Market Value, 2014-2014-2025, $million
Figure 34. Thermal Energy Storage: Australia Market Value, 2017-2025, $million
Figure 35. Thermal Energy Storage: South Korea Market Value, 2014-2014-2025, $million
Figure 36. Thermal Energy Storage: South Korea Market Value, 2017-2025, $million
Figure 37. Thermal Energy Storage: Rest of Asia-Pacific Market Value, 2014-2014-2025, $million
Figure 38. Thermal Energy Storage: Rest of Asia-Pacific Market Value, 2017-2025, $million
Figure 39. Thermal Energy Storage: Brazil Market Value, 2014-2014-2025, $million
Figure 40. Thermal Energy Storage: Brazil Market Value, 2017-2025, $million
Figure 41. Thermal Energy Storage: Saudi Arabia Market Value, 2014-2014-2025, $million
Figure 42. Thermal Energy Storage: Saudi Arabia Market Value, 2017-2025, $million
Figure 43. Thermal Energy Storage: South Africa Market Value, 2014-2014-2025, $million
Figure 44. Thermal Energy Storage: South Africa Market Value, 2017-2025, $million
Figure 45. Thermal Energy Storage: Rest of LAMEA Market Value, 2014-2014-2025, $million
Figure 46. Thermal Energy Storage: Rest of LAMEA Market Value, 2017-2025, $million

COMPANIES MENTIONED

The top players in the global thermal energy storage market include Evapco, Inc., Abengoa Solar, Baltimore Aircoil Company, BrightSource Energy, Inc., Caldwell Energy, Calmac, FAFCO Thermal Storage Systems, Cristopia Energy Systems, Goss Engineering, Inc., and DC Pro Engineering LLC.