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Energy, Utility & Mining
 Jun 11, 2020 |   MDENGM01PYH5
Thermal Energy Storage, By Technology (Sensible Heat Storage, Latent Heat Storage, Thermal Heat Storage), By Material (Molten Salt, Phase Change Material (PCM), Water), By End-Users (Utilities, Residential, Commercial and Industrial) and By Region - Global Industry Perspective Comprehensive Analysis and Forecast, 2021-2027
  • Report Description
  • Table of contents

The increasing concerns regarding greenhouse gas emission and rising fuel prices are forcing industrialists to focus on renewable energy sources such as solar and thermal energy. The demand for advanced technology is also increasing due to the scarcity of energy sources and increasing energy consumption. The advanced technologies help to optimize the usage of energy sources with less consumption and supplying renewable energy more effectively than ever before. However, most of the renewable energy sources are inconsistent. Therefore, globally thermal energy storage system has been used to store the energy. These technologies shifted from peak energy use into off-peak hours. Some of the major applications of these technologies are seasonal storage of thermal energy for heating, ventilating, and air conditioning. Globally, the government incentives and rising impetus on renewable energy generation drive the thermal energy storage market.

The Thermal Energy Storage market report comprises a detailed executive summary, which includes the snapshot of Thermal Energy Storage market, major segment market share, CAGR of the market as well as the impact analysis of market drivers and restraints. The report also provides information and data analysis of the Thermal Energy Storage market based on segments. The qualitative analysis of the report consists of drivers, restraints, market opportunities, and growth factors.

The competitive landscape section of the report includes the competitive dashboard, company profile and portfolio analysis. The competitive dashboard consists of a list of market players including and their geographical presence, overall revenue, market share, employee size, production capacity, investments and basic details of the firm. In the company profile section, the report provides each player offerings, detailed financial analysis, strategies and SWOT analysis. The detailed analysis of each player helps clients to understand the competitive environment while taking strategic business decisions in the market.  

  • EVAPCO Inc.
  • Chicago Bridge & Iron Company (CB&I)
  • Goss Engineering Inc.
  • Cryogel
  • Energy Storage Association
  • Cristopia Energy Systems
  • Ice Energy
  • Solar Reserve

The Thermal Energy Storage market is segmented as below

Thermal Energy Storage Segments

In the segmental analysis, the report provides a detailed analysis of major segments. Further, each major segment is analyzed based on sub-segment, growth factors, market trends, and government regulations of the Thermal Energy Storage market. The segmental analysis section also provides the market share analysis of the vendors and their strategies to sustain their position in the market. 



  • Sensible Heat Storage
  • Latent Heat Storage
  • Thermal Heat Storage


  • Molten Salt
  • Phase Change Material (PCM)
  • Water


  • Utilities
  • Residential
  • Commercial and Industrial

The Thermal Energy Storage market report also provides a thorough analysis of qualitative and quantitative factors of the market. In the qualitative analysis, the report provides a detailed analysis of PESTEL analysis, Porter’s five, value chain analysis, SWOT analysis, parent market analysis, market trends, micro, and macroeconomic factor analysis. In quantitative analysis, the report includes the market estimation and forecasting of each segment. It provides year on year growth rate, CAGR, market numbers from 2019 to 2025. While estimating the key players market share, Market Density considers all quantitative and qualitative factors and expert view of the industry experts. 

The Thermal Energy Storage market report follows the top-down and bottom-up approach to estimate the market value. In this approach, the report considered primary and secondary research. In the primary research, multiple interviews were conducted with CEOs, CFOs, and product managers of the leading players. The interviews also include the subject matter expert, investors, and end-user interviews. Secondary research includes company annual reports, press releases, whitepapers, market players’ association news portal, government portal, and journals.  

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