Thermal Energy Storage (TES)

Thermal Energy Storage (TES)

Global Thermal Energy Storage (TES) Market to Reach $6.2 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Thermal Energy Storage (TES) estimated at US$4.1 Billion in the year 2020, is projected to reach a revised size of US$6.2 Billion by 2027, growing at a CAGR of 6.3% over the analysis period 2020-2027. Water, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$2.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Molten Salt segment is readjusted to a revised 6.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 8.1% CAGR
The Thermal Energy Storage (TES) market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$694.8 Million by the year 2027 trailing a CAGR of 8.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 5.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 6% CAGR.Phase Change Material (PCM) Segment to Record 7.1% CAGR
In the global Phase Change Material (PCM) segment, USA, Canada, Japan, China and Europe will drive the 7.1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.1 Billion in the year 2020 will reach a projected size of US$1.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 50 Featured) -

  • Abengoa Solar, S.A.
  • Baltimore Aircoil Company
  • Burns & Mcdonnell
  • Caldwell Energy Company
  • CALMAC Corporation
  • DN Tanks, Inc.
  • Dunham-Bush Holding Bhd
  • EnergyNest AS
  • Evapco, Inc.
  • FAFCO, Inc.
  • Finetex EnE Inc.
  • Goss Engineering, Inc.
  • McDermott International
  • Siemens Gamesa Renewable Energy, S.A.
  • Steffes Corporation
  • TAS Energy Inc.
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
COVID-19 Pandemic: A Looming Global Recession and Impact on Energy Storage Industry
Superior Attributes and Multiple Benefits of Thermal Energy Storage Technology Drive Widespread Market Adoption
Thermal Energy Storage (TES): Efficient and Economical Capture of Energy during Lean Period for Fueling Cooling Needs of the Peak Period
Expanding Share of Intermittent Renewable Energy Sources and the Resulting Need for Energy Storage: The Fundamental Growth Driver
Global Energy Production by Energy Source (2017, 2020, 2030 and 2040): Breakdown of Electricity (Billion Kilowatt Hours) and Percentage Share for Petroleum, Nuclear, Natural Gas, Coal and Renewables
Targets for Electricity Production from Renewable Energy Sources Worldwide by Country
Booming Renewable Energy Sector Benefits Penetration of Energy Storage Technologies
Energy Storage Technologies: Classification
Key Energy Storage Technologies & Applications for Electrical, Chemical, Electrochemical, Mechanical and Thermal Energy
Thermal Energy Storage Vital for Development Efficient, Disruption-Resistant Grids
Thermal Energy Storage: Current Market Scenario and Outlook
Recent Market Activity
United States: The Single Largest TES Market
Developing Regions Offer Huge Untapped Market Growth Potential for TES
Despite Competition from Latent Heat Storage, Sensible Heat Technology Sustains Dominance
Various Thermal Storage Technologies: Brief Details of Efficiency, Storage Time, Power and Capacity
Offering Better Alternative to Molten Salt Model, PCM Systems Emerge as Fastest Growing Segment
Thermal Energy Storage (TES): Product Overview
Thermal Storage Technologies
TES Systems for Ice/Cool Storage
Solar Power TES Systems
Inter-Seasonal Thermal Storage Systems
Small-Scale Thermal Energy Storage (TES) Systems
High-Temperature Thermal Energy Storage
Full and Partial Thermal Energy Storage Systems
Thermal Storage Media
Competitive Landscape
Thermal Energy Storage (TES) – Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Key Drivers for TES Market
Market Restrains
CSP Combines with TES to Provide Grid Flexibility
Methods to Store Heat: Key Storage Means
Utilities: Largest & Fastest Growing End-Use Sector for Thermal Energy Storage Systems
Energy Storage Market to Chart Growth Path in 2021 and Beyond
Need for Improved Energy Management amidst Increasing Demand for Electricity Benefits Market Expansion
Global Energy Demand & Growth (In Million Tonnes of Oil Equivalent (Mtoe)) for the Years 1990, 2000, 2010, 2020, 2030 and 2040
Impact of COVID-19 Pandemic on the Power Sectors in China and the US
Smart Grids Elevate the Prospects for TES Systems
Global Spend on Smart Grid Technologies by Region (2014, 2017 & 2020): Percentage Breakdown of Cumulative Spending for Asia-Pacific (incl. China), Europe, Latin America, and North America
Growing Investments in Renewable Energy Projects Drive Strong Demand for TES Solutions
Global Investments in Electricity Networks and Storage (In US$ Billion): 2000, 2008, 2012, 2016, and 2019
Global Grid Connected Energy Storage by Technology: Percentage Breakdown of Installed Capacity for 2014, 2017 and 2020
TES Gains Traction in Managing Inconsistencies of Wind & Solar Power Generation
Global Levelized Cost (US$ Per MWh) of Energy Storage Technologies in Utilities by Type: 2015 and 2030
Global Wind and Solar Installed Capacity (GW) for the Years 2011, 2017, 2020 and 2022
TES Pairing with Solar Generation: Opportunities Galore for Electric Utilities
Important Role of TES in Commercialization of Solar Thermal Energy Plants
Growing Trend towards Green/LEED Buildings Offer Lucrative Market Growth Opportunities
TES Techniques Offer Increased Efficiency in Buildings
Demand for TES in HVAC & Refrigeration Systems on the Rise
TES’ Energy Efficiency Augments its Application
TES Set to Address Peak Demand for Air Conditioning
Utility Load Factors
Stable and Secure Grid
Impact of Climate Change on Air Conditioning
Developments in Controls
TES Extends Cost & Energy Savings to Cold Storage Chains
Growing Investments on Smart Cities to Fuel Large-Scale Adoption of TES Systems
Number of Smart Cities Worldwide by Geographic Region (2025E)
Educational Institutes Seek to Leverage TES to Achieve Associated Cost Savings
Favorable Demographic and Urbanization Trends Aid Market Growth
World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
Innovations & Advancements
Recent Select Innovations in Brief
Notable TES Innovations of Recent Past
Issues & Challenges: A Note on Factors Hampering Market Prospects for TES Technologies
4. GLOBAL MARKET PERSPECTIVE
TABLE 1: World Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 2: World Historic Review for Thermal Energy Storage (TES) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 3: World 12-Year Perspective for Thermal Energy Storage (TES) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2015, 2021 & 2027
TABLE 4: World Recent Past, Current & Future Analysis for Water by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 5: World Historic Review for Water by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 6: World 12-Year Perspective for Water by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
TABLE 7: World Recent Past, Current & Future Analysis for Molten Salt by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 8: World Historic Review for Molten Salt by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 9: World 12-Year Perspective for Molten Salt by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
TABLE 10: World Recent Past, Current & Future Analysis for Phase Change Material (PCM) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 11: World Historic Review for Phase Change Material (PCM) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 12: World 12-Year Perspective for Phase Change Material (PCM) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
TABLE 13: World Recent Past, Current & Future Analysis for Sensible by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 14: World Historic Review for Sensible by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 15: World 12-Year Perspective for Sensible by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
TABLE 16: World Recent Past, Current & Future Analysis for Latent by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 17: World Historic Review for Latent by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 18: World 12-Year Perspective for Latent by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
TABLE 19: World Recent Past, Current & Future Analysis for Thermochemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 20: World Historic Review for Thermochemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 21: World 12-Year Perspective for Thermochemical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
TABLE 22: World Recent Past, Current & Future Analysis for Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 23: World Historic Review for Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 24: World 12-Year Perspective for Utility by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
TABLE 25: World Recent Past, Current & Future Analysis for Commercial & Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 26: World Historic Review for Commercial & Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 27: World 12-Year Perspective for Commercial & Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
TABLE 28: World Recent Past, Current & Future Analysis for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 29: World Historic Review for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 30: World 12-Year Perspective for Residential by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
Thermal Energy Storage (TES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
COVID-19 Crisis: US Energy Storage Market to Witness Reduced Demand
The Urgent Need to Reduce Water and Electricity Consumption Drive Strong Demand for TES Solutions
Thermal Energy Storage to Offset Escalating Electricity Cost
Different Types of TES Systems for Use in CSPs
Rising Number of Thermal Energy Storage Projects Benefit Market Prospects
Efficiency of TES Highly Influenced by Climatic Conditions
New Emission Regulations Bodes Well for the Energy Storage Solutions Market
NYC Utility’s Ambitious Plans for Energy Efficiency
Incentives under ConEd’s Demand Management Program by Storage Technology
Long-term Outlook for Solar Energy to Drive Demand
Favorable US Policies to Improve Solar Power Generation Capabilities
TES Solutions Offer Immense Potential for Earning Green Building LEED Certification
Ice Cub & Ice Bear Energy Storage Systems: TES Innovations from Ice Energy
Energy Storage Market in the US: A Macro Perspective
Current Value and Application of Storage Systems
Impediments to Energy Storage
Demand for Distributed Energy Storage to Surge despite the Crisis
Increased Focus on Distributed Storage in the State of California
TABLE 31: USA Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 32: USA Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 33: USA 12-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2021 & 2027
TABLE 34: USA Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 35: USA Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 36: USA 12-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2021 & 2027
TABLE 37: USA Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 38: USA Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 39: USA 12-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2021 & 2027
CANADA
TABLE 40: Canada Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 41: Canada Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 42: Canada 12-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2021 & 2027
TABLE 43: Canada Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 44: Canada Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 45: Canada 12-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2021 & 2027
TABLE 46: Canada Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 47: Canada Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 48: Canada 12-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2021 & 2027
JAPAN
Thermal Energy Storage (TES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
Japan’s Focus on Renewable Energy Drives Healthy Market Growth for TES Systems
TABLE 49: Japan Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 50: Japan Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 51: Japan 12-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2021 & 2027
TABLE 52: Japan Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 53: Japan Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 54: Japan 12-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2021 & 2027
TABLE 55: Japan Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 56: Japan Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 57: Japan 12-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2021 & 2027
CHINA
Thermal Energy Storage (TES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
Market Overview
Post COVID-19 Pandemic Slowdown, Energy Storage Industry in China to Rebound
TABLE 58: China Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 59: China Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 60: China 12-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2021 & 2027
TABLE 61: China Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 62: China Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 63: China 12-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2021 & 2027
TABLE 64: China Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 65: China Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 66: China 12-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2021 & 2027
EUROPE
Thermal Energy Storage (TES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
Europe’s Goal to Reduce Carbon Emissions Boost Demand for Thermal Energy Storage
Three TES-based Approaches Proposed for Improving Energy Efficiency
Potential of Thermal Energy Storage Undermined by European Regulatory System
TABLE 67: Europe Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
TABLE 68: Europe Historic Review for Thermal Energy Storage (TES) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 69: Europe 12-Year Perspective for Thermal Energy Storage (TES) by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2015, 2021 & 2027
TABLE 70: Europe Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 71: Europe Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 72: Europe 12-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2021 & 2027
TABLE 73: Europe Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 74: Europe Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 75: Europe 12-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2021 & 2027
TABLE 76: Europe Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 77: Europe Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 78: Europe 12-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2021 & 2027
FRANCE
Thermal Energy Storage (TES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
TABLE 79: France Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 80: France Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 81: France 12-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2021 & 2027
TABLE 82: France Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 83: France Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 84: France 12-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2021 & 2027
TABLE 85: France Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 86: France Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 87: France 12-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2021 & 2027
GERMANY
Thermal Energy Storage (TES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
Market Overview
TABLE 88: Germany Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 89: Germany Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 90: Germany 12-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2021 & 2027
TABLE 91: Germany Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 92: Germany Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 93: Germany 12-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2021 & 2027
TABLE 94: Germany Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 95: Germany Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 96: Germany 12-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2021 & 2027
ITALY
TABLE 97: Italy Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 98: Italy Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 99: Italy 12-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2021 & 2027
TABLE 100: Italy Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 101: Italy Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 102: Italy 12-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2021 & 2027
TABLE 103: Italy Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 104: Italy Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 105: Italy 12-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2021 & 2027
UNITED KINGDOM
Thermal Energy Storage (TES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
Market Overview
TABLE 106: UK Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 107: UK Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 108: UK 12-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2021 & 2027
TABLE 109: UK Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 110: UK Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 111: UK 12-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2021 & 2027
TABLE 112: UK Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 113: UK Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 114: UK 12-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2021 & 2027
REST OF EUROPE
TABLE 115: Rest of Europe Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 116: Rest of Europe Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 117: Rest of Europe 12-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2021 & 2027
TABLE 118: Rest of Europe Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 119: Rest of Europe Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 120: Rest of Europe 12-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2021 & 2027
TABLE 121: Rest of Europe Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 122: Rest of Europe Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 123: Rest of Europe 12-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2021 & 2027
ASIA-PACIFIC
Thermal Energy Storage (TES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
Unpenetrated and Underpenetrated Asian Countries Offer Huge Untapped Market Growth Opportunities
Need for Technological Improvements for Realizing Cost Reductions
Flourishing Solar Power Market Offers Growth Opportunities
Australia
India
COVID-19 and The Energy Storage Industry in India
TABLE 124: Asia-Pacific Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 125: Asia-Pacific Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 126: Asia-Pacific 12-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2021 & 2027
TABLE 127: Asia-Pacific Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 128: Asia-Pacific Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 129: Asia-Pacific 12-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2021 & 2027
TABLE 130: Asia-Pacific Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 131: Asia-Pacific Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 132: Asia-Pacific 12-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2021 & 2027
REST OF WORLD
South Africa: Thermal Energy Storage Delivers Reliable and Affordable Electricity
TABLE 133: Rest of World Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 134: Rest of World Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 135: Rest of World 12-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2021 & 2027
TABLE 136: Rest of World Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 137: Rest of World Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 138: Rest of World 12-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2021 & 2027
TABLE 139: Rest of World Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
TABLE 140: Rest of World Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2019 and % CAGR
TABLE 141: Rest of World 12-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2021 & 2027
IV. COMPETITION
Total Companies Profiled: 50

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