Feb 03, 2019 (Heraldkeeper via COMTEX) — New York, February 04, 2019: The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include CALMAC, EVAPCO, Inc., Chicago Bridge & Iron Company (CB&I), and Goss Engineering, Inc. ,Abengoa Solar, S.A., Baltimore Aircoil Company, BrightSource Energy, Inc., Burns & McDonnell, Caldwell Energy, FAFCO Thermal Storage Systems, Ice Lings, Steffes Corporation, and TAS Energy.. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
Thermal energy storage technology is used for storage and transferring energy such as heat energy, energy from cold or ice water or air. This is very different technology need in many areas. In this it stores or collect the thermal energy for later use in many areas such as in town, district or at multi user building or individual building. Thermal energy storage technologies help to decrease utilization of energy and raise energy supply by proficiently utilizing re-new able energy sources. Many of renewable energy sources will not exist all over day, so that time thermal energy storage technology will be the best solution for use. Thermal energy storage technologies are also used for moving peak energy which is used into off peak hours.
The Thermal energy storage market is expected to exceed more than USD 6.50 billion by 2024, at a CAGR of 11% from 2018 to 2024.
The scope of the report includes a detailed study of global and regional markets for various types of coatings with the reasons given for variations in the growth of the industry in certain regions.
The major driving factors of thermal energy storage market are as follows:
- Development in variable energy sources drives acceptance of thermal energy storage technologies
- Deferral of distribution and transmission rise through the use of thermal energy storage technologies
- Increasing need for access to reliable, efficient, cost competitive electricity propels increase in the market
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