Thermal Energy Storage (TES) Market - Global Industry
Analysis, Size, Share, Growth, Trends And Forecast, 2013 - 2019
Thermal energy storage (TES) stores
excess thermal energy in a storage medium and supplies it back in later use.
TES can be utilized on an individual, multiuser, district or even on larger
scale.TES systems provide balance between day time and night time or summer
time and winter time. TES is commonly used in air conditioning activities of
commercial buildings, where heat is stored during cooling cycles and recovered
during heating cycles. It also helps in energy saving hence, TES makes air
conditioning process sustainable. TES can also be accompanied by solar power.
With the help of solar collectors or concentrated towers, the thermal energy
is captured and stored for the future use. As TES can store captured heat from
environment even on massive scale, it can help to prevent environment from
global warming.
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TES technology involves utilization
of various storage mediums to store the captured thermal energy. These mediums
include: water, ice, slush tanks, heat pumps, salt solutions, bed-rock and
phase-change materials. North American as well as European countries have
shown a significant demand for TES in commercial, industrial and residential
propose. However, Asia Pacific and RoW are expected to widen-up opportunities
for industrial purpose.
One of the major factors driving
this market is the ever growing demand for energy across the world. Similarly,
the industrialization happening in developing countries is also driving the
growth of the market. However, high initial setup costs for storage mediums as
well as maintenance costs can act as restraint to the market in some regions.
Automated computer controlled systems are expected to be the future trend as
it will eliminate the errors from the process.
California Energy Storage Alliance,
exas Energy Storage Alliance, Caldwell Energy, Baltimore Aircoil Company,
International District Energy Association, Chicago Bridge & Iron, Abengoa
Solar, DC Pro Engineering, LLC, Sunwell Technologies Inc., TAS Energy, Steffes
Corporation and Fafco, Inc. are some of the key players in TES market.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for
upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point
analysis for changing competitive dynamics
- It provides a forward looking
perspective on different factors driving or restraining market
growth
- It provides a technological
growth map over time to understand the industry growth rate
- It provides a seven-year
forecast assessed on the basis of how the market is predicted to
grow
- It helps in understanding the
key product segments and their future
- It provides pin point analysis
of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed
business decisions by having complete insights of market and by making
in-depth analysis of market segments
- It provides distinctive
graphics and exemplified SWOT analysis of major market segments
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