Global Thermal Energy Storage Market 2021 is an all-inclusive, proficient report provides an in-detail analysis of extensive drivers, challenges, restraints, opportunities, present market trends and approach influencing the Thermal Energy Storage industry together with projections and forecast to 2025.
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“The global thermal energy storage market size is projected to grow at a CAGR of 14.4%, from 2020 to 2025.”
The global thermal energy storage market size is projected to grow from an estimated USD 188 million in 2020 to USD 369 million by 2025
The tier of the companies has been defined based on their total revenue; as of 2017: Tier 1 = >USD 1 billion, Tier 2 = USD 500million to USD 1 billion, and Tier 3 = < USD 500 million.
The key players in the thermal energy storage market include companies such as Abengoa Solar (Spain), Burns & McDonnell (US), BrightSource Energy (US), Calmac (US), and Solar Reserve (US).
, at a CAGR of 14.4% from 2020 to 2025. The rising number of CSP projects across globe are driving demand for thermal energy storage.
The distribution of primary interviews is as follows:
- By Company Type: Tier 1- 65%, Tier 2- 24%, Tier 3- 11%
- By Designation: C-Level- 30%, D-Level- 25%, Others- 45%
- By Region: Americas- 25%, Europe- 35%, Asia Pacific- 20%, and Middle East& Africa- 20%,
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“Americas: The fastest market for thermal energy storage.”
Americas is the fastest-growing market for the thermal energy storage market. The growth of the market in the region is driven by the launch of various CSP projects and propelling demand for thermal energy storage for district heating & cooling applications. The US has been a pioneering market for concentrating solar power technology, with CSP installations since the 1980s.
Key Benefits of Buying the Report
- The report identifies and addresses the key technologies that are essential for the thermal energy storage market
- The report helps solution providers understand the pulse of the market and provide insights into drivers, opportunities, restraints, and challenges.
- The report will help key players understand the strategies of their competitors better and will help in making strategic decisions.
This report presents the worldwide Thermal Energy Storage Market size (value, production and consumption), splits the breakdown (data status 2016-2021 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
Major Points from Table of Contents
1.1 Study Objectives
1.3 Inclusions And Exclusions
1.3.1 Thermal Energy Storage Market: Inclusions And Exclusions
1.4 Market Scope
1.4.1 Market Segmentation
1.4.2 Regions Covered
1.4.3 Years Considered
1.8 Summary Of Changes
2 Research Methodology
2.1 Research Data
Figure 1 Thermal Energy Storage Market: Research Design
2.2 Market Breakdown And Data Triangulation
Figure 2 Data Triangulation Methodology
2.2.1 Secondary Data
126.96.36.199 Key Data From Secondary Sources
2.2.2 Primary Data
188.8.131.52 Key Data From Primary Sources
184.108.40.206 Breakdown Of Primaries
Table 1 Thermal Energy Storage Market: Players/Companies Connected
Figure 3 Main Metrics Considered In Assessing Demand For Thermal Energy Storage Market
2.4 Market Size Estimation
2.4.1 Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
2.4.2 Top-Down Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
2.4.3 Ideal Demand-Side Analysis
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