Credence Research, the leading business intelligence provider, has published its latest research, "Thermal Energy Storage Market 2026", which gives insights into Thermal Energy Storage in the Global market. The report determines the market size for 2018, along with forecasts until 2026. It is built using data and information sourced from exclusive databases, primary and secondary research, and in-house analysis carried out by Credence Researchs team of industry experts.

This research report gives worldwide Thermal Energy Storage volume forecast and recent quarter review of major Thermal Energy Storage vendor performance. The report includes major vendors' volume, growth trends, revenue and revenue growth trends, operating profit margin and ASP, along with analyst insights.

Market Insights

Thermal energy storage market is expected to witness robust growth with increasing spending on renewable energy including wind and solar owing to rising concerns over the emission of greenhouse gases promoting the use of solar and wind energy. Revision in emission targets at Paris Climate Change Conference, impelling the investment in the solar and wind energy projects across various economies of the globe. In 2016, more than 54 GW of wind energy was added across various countries of the world to reach cumulative world wind power capacity of 486.8 GW. Similarly, global solar power generation also witness robust growth in capacity addition of solar power. In 2016, 50 GW solar power capacity was added global across the globe. Globally, now cumulative solar power capacity is about 305 GW with highest growth in new capacity addition of 29% of the Europe new solar capacity addition. Followed by it, Germany stood at second place with 21% share in Europe new capacity addition and France with 8.3% share in Europe new solar power capacity addition. Thus, growth in solar power installation is projected to fuel the demand thermal energy storage. Moreover, various government initiatives such as 100% electric vehicle mobility by 2030 set by Indian government to transform the transit system to use clean energy anticipated to propel the demand for thermal energy storage. Further, growing demand for thermal energy storage in HVAC application is projected to augment the demand for thermal energy storage over the forecast period. Therefore, thermal energy storage market is projected to witness robust growth during the forecast period of 2017-2025.

 Leading Players:   Chicago Bridge & Iron Company N.V. (CB&I), Abengoa Solar S.A., Ice Energy, Evapco, Inc., and Dunham-Bush Holding Bhd..

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Scope

    The report presents the brief overview of Thermal Energy Storage Market including business description, key information and facts, and its locations and subsidiaries

    The report features product description and descriptive mechanism of action for key products along with the products developmental history and major milestones

    Special feature on out-licensed and partnered product portfolio

    The report summarizes all the dormant and discontinued projects

    Latest company statement

    Latest news and deals relating to the Thermal Energy Storage products

Research methodology

The following research methods were used in this report:

    Desk study

    A questionnaire survey among specialty retail chains

    Analyzing statistical data released by the Federal Customs Service

    Desk study sources include materials taken from print and online media conference materials.

Reasons to Buy

    The report provides information about technology solutions needed for the implementation of Thermal Energy Storage projects, and allows readers to make effective business decisions

    The report helps readers to strengthen strategic framework by understanding the business benefits to be achieved through Thermal Energy Storage solutions

    The report highlights projected investment on Thermal Energy Storage over the next two years. This will help organizations to allocate budget towards Thermal Energy Storage implementation and business expansion

    The report helps executives plan their adoption of Thermal Energy Storage by providing expected timeframes for implementation

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