DUBLIN--(BUSINESS WIRE)--The "Global Thermal Energy Storage Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The efficiency of thermal energy is expected to drive the market during the forecast period.
Thermal energy storage is extensively used in commercial buildings as a cooling storage for space air-conditioning. The mechanism of thermal energy storage are basically chiller-based systems. Ice or chilled water produced from refrigeration equipment is used on the following day to maintain the building temperature by eliminating heat. The primary objective of installing thermal energy storage is saving costs and energy efficiency.
With greater investments in solar energy, in Europe, the installed capacity of thermal storage systems is expected to increase significantly. This is also driven by the fact that the governments are trying to balance power generation between high load and low load hours. This would lead to lesser blackouts and lower cost of power generation. The capacity for thermal energy storage has increased in the recent years.
The gradual growth of the commercial sector, primarily office space construction, is likely to have a positive impact on the market. US commercial construction is witnessing a significant growth rate, majorly driven by government initiatives, thus, affecting the new construction. The office space market in the country is estimated to grow by almost 10% in the next few years. The growing demand for thermal energy storage form the commercial sector is expected to propel the market in the region.
- GE Energy
- Siemens Wind Power A/S
- Suzlon Energy Ltd
- Vestas Wind Systems A/S
- Sinovel Wind Co. Ltd
- Xinjiang Goldwind Science & Technology Co. Ltd
- Gamesa Corporation Technologica
- Enercon GmbH
- Guodian United Power Technology Co. Ltd
- China Mingyang Wind Power Group Ltd
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Value Chain Analysis
6. Industry Attractiveness - Porter's Five Forces Analysis
7. Market Segmentation and Analysis
8. Regional Market Analysis
9. Key Company Analysis
10. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/gtqxf5/global_thermal?w=4