Thermal Energy Storage (TES)

Global Market Trajectory & Analytics

MCP-7021

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DATE

MAY 2021

TABLES

141

PAGES

415

EDITION

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USD 5600

CODE

MCP-7021


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HIGHLIGHTS & REPORT INDEX

Global Thermal Energy Storage (TES) Market to Reach $7.5 Billion by 2026

Advanced thermal energy storage systems in use today, in multiple applications, have over the years emerged into a proven technology with innumerable benefits for different stakeholders. Over the years, the systems are proven to save enormous amounts of money for building owners and facility managers. Of all the advanced energy storage technologies, thermal storage constitutes the low cost one which is also at the same time highly efficient. With very less input energy thermal storage systems are capable of providing much more cooling or heating. As opposed to traditional non-storage production-at-time-of-use system, thermal storage offers enormous energy saving benefits which make a powerful tool for going `green` for facility owners. Thermal storage can be installed in different buildings and facilities including institutional, commercial as well as residential and in both private and public sectors. However, the systems have proven to be most economical in such facilities that have time-dependent costs of energy. In buildings which have cyclical or variable demand loads thermal storage systems can be highly beneficial. In such locations utility companies charge higher rates for power consumption during on-peak time, i.e. during the day. For off-peak consumption of power or night time consumption of power, charges are low.

Amid the COVID-19 crisis, the global market for Thermal Energy Storage (TES) estimated at US$5.1 Billion in the year 2020, is projected to reach a revised size of US$7.5 Billion by 2026, growing at a CAGR of 6.6% over the analysis period. Water, one of the segments analyzed in the report, is projected to grow at a 5.9% CAGR to reach US$3.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Molten Salt segment is readjusted to a revised 6.8% CAGR for the next 7-year period. This segment currently accounts for a 25.7% share of the global Thermal Energy Storage (TES) market.

The U.S. Market is Estimated at $1.8 Billion in 2021, While China is Forecast to Reach $814.1 Million by 2026

The Thermal Energy Storage (TES) market in the U.S. is estimated at US$1.8 Billion in the year 2021. The country currently accounts for a 34.22% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$814.1 Million in the year 2026 trailing a CAGR of 8.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.3% and 6.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6% CAGR while Rest of European market (as defined in the study) will reach US$694.8 Million by the close of the analysis period.

The major factors that drive demand growth for thermal energy storage systems include rising demand for uninterrupted power supply in response to growing industrialization across the world, rising costs of conventional energy generation, growth in VES (variable energy sources), increasing demand for backup power supplies and increasing desire among consumers to obtain access to reliable, cost-effective and efficient electricity. A major functionality of thermal energy storage systems is the provision of uninterrupted power supply - a boon especially in such places where electrical disturbances in power grid are frequent and where such disturbances can have a detrimental effect on facility performance. Power disturbances in grid can be reduced to zero with the installation of thermal energy storage systems since it provides stored power during outages. Globally, there is also a pressing need for reducing power outages. Power outages wield a major negative impact on business activities, which emerging nations seriously look towards avoiding. With the capability of holding backup power and ensuring a continuous supply, thermal energy storages can reduce occurrences of such shortages. TES systems are also being increasingly viewed as one of the best electricity load management techniques as they are capable of shifting load from peak demand hours to off-peak demand hours.

The global market is also forecast to realize significant growth in the coming few years driven primarily by the growing prominence of renewable energy sources. Renewable sources which until the recent years made up a very small share in the overall power generation mix worldwide expect a bigger platform for growth in future due to several reasons, chief among which is the pressing need for curtailing greenhouse gas emissions emerging from the usage of fossil fuels for power generation. The fast depleting traditional sources of electricity and the rising fuel prices are the major reasons pushing the deployment of the different kinds of variable energy sources. Solar and wind in particular are being increasingly looked at as the major alternatives. Their intermittent nature highlights the urgent need for technologies such as thermal storage for capturing, storing and releasing the renewable energy when needed.

Globally, installation of renewable energy projects is catching pace. For CSP (Concentrating Solar Thermal Power) in particular, huge capacity additions are being planned across the world, which will bode well for the TES market, as TES systems are inevitable for their operation. By enabling CSP, TES technologies are playing major role in integrating the cheaper, and the abundant solar power with the mainstream power generation. TES technologies increase the availability and reliability of a solar facility and optimize it for addressing an electric utility`s peak load profile, thereby increasing its overall value. Future growth for the market for TES systems would also be driven by increasing transmission and distribution upgrades worldwide, in addition to the rise in the number of renewable energy projects. Rapidly increasing world population and the corresponding rise in demand for energy would also be a major growth driver for TES technologies.

Phase Change Material (PCM) Segment to Reach $2.4 Billion by 2026 Global market for Phase Change Material (PCM) segment is estimated at US$1.6 Billion in 2020, and is projected to reach US$2.4 Billion by 2026 reflecting a compounded annual growth rate of 7.5% over the analysis period. Europe constitutes the largest regional market for Phase Change Material (PCM) segment, accounting for 38.8% of the global sales in 2020. China is poised to register the fastest compounded annual growth rate of 9.2% over the analysis period, to reach US$307.5 Million by the close of the analysis period.

SELECT PLAYERS

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.

SEGMENTS

» Type (Water, Molten Salt, Phase Change Material (PCM)) » Technology (Sensible, Latent, Thermochemical) » End-Use (Utility, Commercial & Industrial, Residential)

GEOGRAPHIES

» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

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
EXHIBIT: 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
EXHIBIT: 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
EXHIBIT: 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
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
EXHIBIT: 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
EXHIBIT: 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
EXHIBIT: Global Investments in Electricity Networks and Storage (In US$ Billion): 2000, 2008, 2012, 2016, and 2019
EXHIBIT: 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
EXHIBIT: Global Levelized Cost (US$ Per MWh) of Energy Storage Technologies in Utilities by Type: 2015 and 2030
EXHIBIT: 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
EXHIBIT: 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
EXHIBIT: World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
EXHIBIT: 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
World 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$ Billion for Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
World 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$ Billion for Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
World 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$ Billion for Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
World 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$ Billion for Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
World 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$ Billion for Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
World 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$ Billion for Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
World 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$ Billion for Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
World 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$ Billion for Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
World 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$ Billion for Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
World 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$ Billion for Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
UNITED STATES
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
USA 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$ Billion for the Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
USA Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
USA Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
USA Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
USA Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
CANADA
Canada 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$ Billion for the Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
Canada Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
Canada Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
Canada Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
Canada Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
JAPAN
Japan’s Focus on Renewable Energy Drives Healthy Market Growth for TES Systems
Japan 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$ Billion for the Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
Japan Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
Japan Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
Japan Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
Japan Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
CHINA
Market Overview
Post COVID-19 Pandemic Slowdown, Energy Storage Industry in China to Rebound
China 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$ Billion for the Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
China Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
China Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
China Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
China Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
EUROPE
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
Europe 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$ Billion for Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
Europe 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$ Billion for the Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
Europe Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
Europe Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
Europe Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
Europe Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
FRANCE
France 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$ Billion for the Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
France Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
France Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
France Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
France Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
GERMANY
Market Overview
Germany 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$ Billion for the Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
Germany Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
Germany Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
Germany Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
Germany Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
ITALY
Italy 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$ Billion for the Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
Italy Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
Italy Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
Italy Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
Italy Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
UNITED KINGDOM
Market Overview
UK 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$ Billion for the Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
UK Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
UK Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
UK Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
UK Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
REST OF EUROPE
Rest of Europe 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$ Billion for the Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
Rest of Europe Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
Rest of Europe Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
Rest of Europe Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
ASIA-PACIFIC
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
Asia-Pacific 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$ Billion for the Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
Asia-Pacific Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
Asia-Pacific Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
Asia-Pacific Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
REST OF WORLD
South Africa: Thermal Energy Storage Delivers Reliable and Affordable Electricity
Rest of World 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$ Billion for the Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
Rest of World Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
Rest of World Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
Rest of World Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Billion for the Years 2020 through 2027 and % CAGR
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$ Billion for Years 2015 through 2019 and % CAGR
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, 2020 & 2027
Total Companies Profiled: 50

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