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Global Thermal Energy Storage Market 2015-2019

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 & 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?


Press Release

Technavio Announces the Publication of its Research Report – Global Thermal Energy Storage Market 2015-2019

Technavio recognizes the following companies as the key players in Global Thermal Energy Storage Market 2015-2019: Baltimore Aircoil Company Inc. (BAC), Caldwell Energy Inc, CALMAC Ltd and Chicago Bridge & Iron Co. NV.

Other Prominent Vendors in the market are: NEST and Sunwell Technologies.

Commenting on the report, an analyst from Technavio’s team said: “One of the trends for this market is the increased investment in storage technology. Rapid advances in storage technology such as electric vehicles or solar-powered storage technologies will pave the way for the growth of the market in the future. The US and China are investing in efficient storage batteries, power grid capacitors, and CAES to increase the development of these storage technologies.”

According to the report, factors such as growing demand for uninterrupted power supply drive the market growth. Increased electrical disturbances in the power grid in various countries have fueled the need for thermal energy storage systems.

Further, the report states that technological challenges pertaining to thermal energy storage systems curtail the growth of the market.

Companies Mentioned

Baltimore Aircoil Company Inc. (BAC), Caldwell Energy Inc, CALMAC Ltd, Chicago Bridge & Iron Co. NV, NEST, Sunwell Technologies

  • Executive Summary
  • List of Abbreviations
  • Scope of the Report
    • Market overview
    • Product offerings
  • Market Research Methodology
    • Market research process
    • Research methodology
      • Table Market research methodology
  • Introduction
  • Market Landscape
    • Market overview
    • Market size and forecast
      • Table Global thermal energy storage market 2014-2019 ($ million)
    • Five forces analysis
  • Market Segmentation by Technology
    • Global thermal energy storage market by technology 2014
      • Table Global thermal energy storage market by technology 2014
    • Global thermal energy storage market by technology 2019
      • Table Global thermal energy storage market by technology 2019
      • Table Global thermal energy storage market by technology 2014-2019
    • Global thermal energy storage market by sensible heat technology
      • Market size and forecast
        • Table Global thermal energy storage market by sensible heat technology 2014-2019 ($ million)
    • Global thermal energy storage market by latent heat technology
      • Market size and forecast
        • Table Global thermal energy storage market by latent heat technology 2014-2019 ($ million)
    • Global thermal energy storage market by thermochemical technology
      • Market size and forecast
        • Table Global thermal energy storage market by thermochemical technology 2014-2019 ($ million)
  • Geographical Segmentation
    • Global thermal energy storage market by geographical segmentation 2014
      • Table Global thermal energy storage market by geographical segmentation 2014
    • Global thermal energy storage market by geographical segmentation 2019
      • Table Global thermal energy storage market by geographical segmentation 2019
      • Table Global thermal energy storage market by geographical segmentation 2014-2019
    • Thermal energy storage market in EMEA
      • Market size and forecast
        • Table Thermal energy storage market in EMEA 2014-2019 ($ million)
    • Thermal energy storage market in Americas
      • Market size and forecast
        • Table Thermal energy storage market in Americas 2014-2019 ($ million)
    • Thermal energy storage market in APAC
      • Market size and forecast
        • Table Thermal energy storage market in APAC 2014-2019 ($ million)
  • Key Leading Countries
    • Spain
    • US
  • Buying Criteria
  • Market Growth Drivers
  • Drivers and their Impact
  • Market Challenges
  • Impact of Drivers and Challenges
  • Market Trends
  • Trends and their Impact
  • Vendor Landscape
    • Competitive scenario
      • Key news
    • Other prominent vendors
  • Key Vendor Analysis
    • BAC
      • Key Facts
      • Business Overview
      • Product Segmentation
        • Table BAC: Product Segmentation
      • Geographical Presence
        • Table BAC: Geographical Presence
      • Recent Developments
      • SWOT Analysis
    • Caldwell Energy
      • Key Facts
      • Business Overview
      • SWOT Analysis
    • CALMAC
      • Key facts
      • Business Overview
      • Recent Developments
      • SWOT Analysis
    • Chicago Bridge and Iron
      • Key Facts
      • Business Overview
      • Chicago Bridge and Iron : End-user Segmentation
        • Table Chicago Bridge and Iron: End-user Segmentation
      • Chicago Bridge and Iron : Capabilities
        • Table Chicago Bridge and Iron: Capabilities
      • Chicago Bridge and Iron : Technologies
        • Table Chicago Bridge and Iron: Technologies
      • Chicago Bridge and Iron : Projects
        • Table Chicago Bridge and Iron: Projects
      • Business Strategy
      • Recent Developments
      • SWOT Analysis
  • Other Reports in this Series

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