MARKET RESEARCH

The global market for  thermal energy storage  displays an extremely competitive business landscape, states a new research report by Transparency Market Research (TMR). CALMAC, Chicago Bridge & Iron Co. (CB&I), EVAPCO Inc., and Goss Engineering Inc. are some of the leading players in this market.  TAS Energy, Ice Lings, Steffes Corporation, FAFCO Thermal Storage Systems, Burns & McDonnell, Caldwell Energy, BrightSource Energy Inc., Baltimore Aircoil Co., and Abengoa Solar S.A. are some of other prominent participants in this market, reviewed in this research report. According to this research study, the global market for thermal energy storage was at US$0.6 bn in 2013. Rising at a steady CAGR of 16.70% over the period from 2014 to 2020, the market’s opportunity is anticipated to reach US$1.8 bn by the end of the period of the forecast. The utilities, commercial and industrial, and the residential sectors have emerged as the key end users of thermal energy ...

In a recent market research report concerning the global thermal energy storage market Transparency Market Research zeroes in on the area of latent heat storage as the one with the most lucrative growth opportunities. The report states that the global market will exhibit an exponential 16.70% CAGR from 2014 through 2020 and rise to a valuation of US$1.8 bn by 2020, from US$0.6 bn in 2013.The report is titled “ Thermal Energy Storage Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 – 2020 ” and is available for sale on the company’s website. Thermal energy storage technologies  refer to the various ways of storing thermal energy for later use as required, rather than at the time of the production of the energy. These technologies are therefore central to various intermittent renewable energy generation methods. Thermal energy storage also provides an effective way of making sustained use of utilizing energy that is commonly waste...