January 27, 2020

Thermal Energy Storage Market: 2020 Global Industry Size, Share, Trends, Growth Factors, And Key Country Forecast To 2023 Report

Market Research Future has published a half-cooked research report on the Global Thermal Energy Storage Market Report.


Thermal energy storage is a technology that can stock thermal energy. It has been designed for use in not just in heating and cooling applications, but also in power generation. Market Research Future (MRFR) has published a research report about the global thermal energy storage market that assumes growth for this market during the forecast period that would end in 2022.

Analysing the market structure, this report gauges the future growth potential of the market. It monitors the plans of the key players in the market and supports the competitive developments like new product developments, joint ventures, mergers & acquisitions, research and developments (R&D) in the market.

The significant factors driving the global thermal energy storage market growth include the features of thermal energy storage. Such features include lower capital costs (compared to other storage technologies) and high operating efficiency. Other factors aiding the market growth include growing Concentrating Solar Thermal Power (CSP) installations, and the increasing demand for thermal energy storage in heating, ventilation, & air conditioning (HVAC) systems.

The global thermal energy storage market has been segmented on the basis of end-use, technology, and lastly, region. Based on end-use, this market has been segmented into commercial & industrial establishments, utilities, and residential establishments.

The technology-based segmentation segments the market into latent heat, sensible heat, and thermochemical heat. The heat that can convert a solid into a liquid or vapor, or a liquid into a vapor, without changing the of temperature is called latent heat. Sensible heat is defined as the heat exchanged by a thermodynamic system. This exchange changes the temperature of the system without changing some variables such as pressure or volume.

The regional segmentation of the global thermal energy storage market segments the market into the regional markets known as Asia Pacific, North America, Europe, and the rest of the world (RoW). During the forecast period, Europe is likely to remain the largest regional market due to initiatives by government authorities to try balancing power generation between high load & low load hours and huge investments on solar energy. Other factors contributing to the market growth in this region are lower costs of power generation, the presence of key market players, rising levels of renewable energy generation, technological advancement, and the strong emphasis on energy efficiency initiatives. However, the market growth in Europe can slow down due to some people being reluctant to shift from traditional methods of storage. Important country-specific markets in Europe are France, Germany, Spain, and the UK, followed by the remaining countries of Europe.

Table Of Contents:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis


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