LONDON--(BUSINESS WIRE)--#GlobalThermalEnergyStorageMarket--The thermal energy storage market is poised to grow by 1,956.30 MW during 2020-2024, progressing at a CAGR of almost 10% during the forecast period.

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The report on the thermal energy storage market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by use of thermal energy storage in CSP plants.

The thermal energy storage market analysis includes technology segment and geography landscape. This study identifies the increasing use of thermal energy storage in smart cities and smart buildings as one of the prime reasons driving the thermal energy storage market growth during the next few years.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

The thermal energy storage market covers the following areas:

Thermal Energy Storage Market Sizing

Thermal Energy Storage Market Forecast

Thermal Energy Storage Market Analysis

Companies Mentioned

• Abengoa SA
• Acciona SA
• Amsted Industries
• Araner
• BrightSource Energy Inc.
• CALMAC
• DN Tanks Inc.
• EnergyNest
• McDermott International Inc.
• SENER group

   

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Key Topics Covered:

Executive Summary

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Technology

• Market segments
• Comparison by Technology by volume
• MSES - Market size and forecast 2019-2024
• PCM - Market size and forecast 2019-2024
• Market opportunity by Technology by volume

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Volume driver - Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Abengoa SA
• Acciona SA
• Amsted Industries
• Araner
• BrightSource Energy Inc.
• CALMAC
• DN Tanks Inc.
• EnergyNest
• McDermott International Inc.
• SENER group

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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