Lucintel Forecasts the Global Thermal Energy Storage Market to Reach $497 Million by 2030
Lucintel Forecasts the Global Thermal Energy Storage Market to Reach $497 Million by 2030
Blog Article
According to a market report by Lucintel, the future of the global thermal energy storage market looks promising with opportunities in the utility, commercial, and industrial markets. The global thermal energy storage market is expected to reach an estimated $497 million by 2030 from $228 million in 2024 at a CAGR of 13.9% from 2024 to 2030. The major drivers for this market are growing use of HVAC systems and increasing need for energy storage in green buildings.
A more than 150–page report is developed to understand Trends, opportunity and forecast in thermal energy storage market to 2030 by technology (sensible heat storage, latent heat storage, and thermochemical storage), storage material (water, molten salts, phase change materials, and others), application (power generation, district heating & cooling, process heating & cooling, and others), end use (utilities, commercial, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that power generation will remain the largest segment over the forecast period.
Within this market, utility will remain the largest segment over the forecast period.
Europe will remain the largest region over the forecast period.
Abengoa Solar, Burns & McDonnell, SolarReserve, BrightSource Energy, Calmac, MAN Energy Solutions, Baltimore Air Coil Technology, Cristopia Energy, Cryogel, and Caldwell Energy are the major suppliers in the thermal energy storage market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cast visit Lucintel’s Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056