Thermal Energy Storage Market Growth at 18% CAGR Forecast to 2019
DALLAS, April 24, 2015 /PRNewswire/ --
According to a new research report Global Thermal Energy Storage Market 2015-2019, this industry is forecast to cross US$1300 million in revenues by 2019 with EMEA expected to witness high growth followed by APAC region.
Complete research titled Global Thermal Energy Storage Market 2015-2019 spread across 59 pages, offering 5 key vendor analysis details and 20 exhibits is available at http://www.reportsnreports.com/reports/378346-global-thermal-energy-storage-market-industry-analysis-2015-2019.html
This research recognizes the following companies as the key players in Global Thermal Energy Storage Market 2015-2019: Baltimore Aircoil Company Inc. (BAC), Caldwell Energy Inc, CALMAC Ltd and Chicago Bridge & Iron Co. NV. Other Prominent Vendors in the market are: NEST and Sunwell Technologies. One of the trends for this market is the increased investment in storage technology. Rapid advances in storage technology such as electric vehicles or solar-powered storage technologies will pave the way for the growth of the market in the future. The US and China are investing in efficient storage batteries, power grid capacitors, and CAES to increase the development of these storage technologies.
According to this thermal energy storage market report, factors such as growing demand for uninterrupted power supply drive the market growth. Increased electrical disturbances in the power grid in various countries have fueled the need for thermal energy storage systems. Further, the report states that technological challenges pertaining to thermal energy storage systems curtail the growth of the market. The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
The Global Thermal Energy Storage Market 2015-2019report includes the segmentation of the market on the basis of technology (sensible heat technology, latent heat technology and thermochemical technology). The sensible heat technology has been widely used in the thermal energy storage systems for being easy to install and cost effective. The latent heat technology for thermal storage is evolving at a fast rate and is one of the most efficient technologies for energy storage. This technology is mostly used for solid-liquid phase changes and allows high thermal energy storage capacity as compared to sensible heat technology. There is a strong focus on developing compact thermal energy storage systems which result in minimal heat loss over a long period. This technology offers the highest thermal energy storage capacity through thermochemical reactions. Order a copy of this research at http://www.reportsnreports.com/Purchase.aspx?name=378346
This research has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the global thermal energy storage market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Exhibits provided in this research include:
Market research methodology
Global thermal energy storage market 2014-2019 ($ million)
Global thermal energy storage market by technology 2014
Global thermal energy storage market by technology 2019
Global thermal energy storage market by technology 2014-2019
Global thermal energy storage market by sensible heat technology 2014-2019 ($ million)
Global thermal energy storage market by latent heat technology 2014-2019 ($ million)
Global thermal energy storage market by thermochemical technology 2014-2019 ($ million)
Global thermal energy storage market by geographical segmentation 2014
Global thermal energy storage market by geographical segmentation 2019
Global thermal energy storage market by geographical segmentation 2014-2019
Thermal energy storage market in EMEA 2014-2019 ($ million)
Thermal energy storage market in Americas 2014-2019 ($ million)
Thermal energy storage market in APAC 2014-2019 ($ million)
BAC: Product Segmentation
BAC: Geographical Presence
Chicago Bridge and Iron: End-user Segmentation
Chicago Bridge and Iron: Capabilities
Chicago Bridge and Iron: Technologies
Chicago Bridge and Iron: Projects
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