Global Thermal Energy Storage Market was valued at USD 4

1. Global Thermal Energy Storage Market was valued at USD 4.09 Bn in 2019 and is expected to reach a value of USD XX Bn by 2027 at a CAGR of XX %, during the forecast period. The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region. Global Thermal Energy Storage Market To know about the Research Methodology:-Request Free Sample Report Global Thermal Energy Storage Market Dynamics: The increasing adoption of renewable energy resources is the major factor driving the thermal energy storage market. The utilities, commercial, industrial, and residential sectors have emerged as the key end-users of thermal energy storage solutions across the world. Thermal energy storage has become a reliable source of energy, resulting in multiple installations in major cities of the world. Increasing demand for thermal energy storage systems in HVAC. Government incentives for thermal energy storage systems. Segment Analysis of the Global Thermal Energy Storage Market: Global Thermal Energy Storage Market is segmented by Technology, by Storage material, by Application, by region. Based on technology is divided into Sensible, Latent, & TCS. Storage material classified into Water, Molten salt, Phase Change Material (PCM).based on application divided into Power Generation, District Heating & Cooling, and Process Heating & Cooling. Region-wise the market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Based on technology, the Sensible thermal energy storage market is expected to witness growth to wide applicability across residential establishments coupled with increasing demand for solar thermal systems. Longer thermal storage

2. period and effective energy utilization are some of the key features which will propel the product penetration. On the basis of storage material, molten salt is expected to hold the largest market share of the thermal energy storage market, during the forecast period. Molten salts have high boiling points, low viscosity, low vapor pressure, and high volumetric heat capacities. A higher heat capacity corresponds to a smaller storage tank volume. Molten salt can function as a large-scale thermal storage method that would allow other energy sources, such as solar, to become more feasible by smoothing out the fluctuations in demand and weather. Based on application, the district heating and the cooling segment are expected to grow at the fastest rate during the forecast period. Variations in electricity demand for district heating and cooling applications can be seen during the day. Regional Insights of the Global Thermal Energy Storage Market: In terms of region, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, Latin America. The Middle East & Africa is expected to be the largest market for thermal energy storage, with South Africa being the biggest market in the region. Estimated to dominate the global market during the forecast period, as they are best suited for CSP plants integrated with molten salt-based thermal energy storage. The objective of the report is to present a comprehensive analysis of the Thermal Energy Storage Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with an analysis of complicated data in simple language. The report covers all the aspects of the industry with the dedicated study of key players that includes market leaders, followers, and new entrants by region. The report also helps in understanding Thermal Energy Storage Market dynamics, structure by analyzing the market segments and project the Thermal Energy Storage Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Thermal Energy Storage Market make the report investor’s guide.

3. Global Thermal Energy Storage Market, Key Highlights: • Global Thermal Energy Storage Market analysis and forecast, in terms of value. • Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Thermal Energy Storage Market • Global Thermal Energy Storage Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided. • Global Thermal Energy Storage Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study. • Global Thermal Energy Storage Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation. • Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled. • Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Thermal Energy Storage Market are also profiled. Scope of the Thermal Energy Storage Market Report: Inquire before buying Thermal Energy Storage Market, by Technology • Sensible • Latent • TCS

4. Thermal Energy Storage Market, by Storage Material • Water • Molten salt • Phase Change Material (PCM) Thermal Energy Storage Market, by Application • Power Generation • District Heating & Cooling • Process Heating & Cooling Thermal Energy Storage Market, by Region • North America • Europe • Asia Pacific • Middle East & Africa • Latin America Key Players Operating in the Thermal Energy Storage Market: • Abengoa Solar • Brightsource Energy • Solarreserve • Baltimore Aircoil • Caldwell Energy • Burns & Mcdonnell • Calmac • Cristopia Energy Systems • Cryogel • Dc Pro Engineering

5. • Dunham-Bush • Goss Engineering • Ice Energy • Natgun • Steffes • Tas Energy • Evapco • Fafco • Icelings • Sunwell Technologies • Qcoefficient • Finetex EnE • Chicago Bridge & Iron For More Information Vist : https://www.maximizemarketresearch.com/market-report/global-thermal- energy-storage-market/15053/ Report Is Submitted By : Maximize Market Research Company Customization of the report: Maximize Market Research of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities. About Maximize Market Research: Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.