DUBLIN--(BUSINESS WIRE)--The "Thermal Energy Storage Market Analysis By Type, By Technology, By Storage Material, By Application, By End-use, And Segment Forecasts, 2014 - 2025" report has been added to Research and Markets' offering.
The global thermal energy storage market is expected to reach USD 12.5 billion by 2025, according to a new report. Increasing demand for access to efficient and cost competitive energy sources is expected to favor market growth.
Thermal energy storage is considered to be the primary renewable option for electricity generation. Heat stored by short term and seasonal thermal energy storage systems are extremely helpful in balancing the variations in renewable electricity production & distribution, in a cost effective manner. It causes no adverse impact on the environment and is a sustainable source of energy.
The renewable energy demand has increased from various countries including, the U.S., South Africa, Saudi Arabia, Brazil, China, and India. The governments of these countries are trying to derive solutions & technologies to store the generated energy from renewable sources such as tides, wind, biomass, and sun. The rising demand from these regions coupled with the novel product development by industry participants is expected to drive market growth over the forecast period.
A large number of energy storage equipment manufacturers & service providers are involved in the adoption of various strategies such as new product developments, partnerships, agreements, collaborations, and joint ventures in order to increase market penetration and cater to the changing technological requirements of different end-use applications in the region.
Companies Mentioned
- Dunham-Bush Holding Bhd.
- BrightSource Energy, Inc.
- Caldwell Energy Company
- DC Pro Engineering LLC
- Chicago Bridge & Iron Company N.V. (CB&I)
- Burns & McDonnell, Inc.
- Abengoa Solar S.A.
- Baltimore Aircoil Company, Inc.
- Ice Energy
- Evapco, Inc
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Thermal Energy Storage Market Variables, Trends, and Scope
Chapter 4 Thermal Energy Storage Market: Type Estimates & Trend Analysis
Chapter 5 Thermal Energy Storage Market: Technology Estimates & Trend Analysis
Chapter 6 Thermal Energy Storage Market: Storage Material Estimates & Trend Analysis
Chapter 7 Thermal Energy Storage Market: Application Estimates & Trend Analysis
Chapter 8 Thermal Energy Storage Market: End-use Estimates & Trend Analysis
Chapter 9 Thermal Energy Storage Market: Regional Estimates & Trend Analysis
Chapter 10 Competitive Landscape
Chapter 11 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/rpbg6x/thermal_energy
