BOSTON, March 28,
2024 /PRNewswire/ -- IDTechEx Research, a trusted
provider of independent market intelligence, announces the
availability of a new report, "Thermal Energy Storage 2024-2034:
Technologies, Players, Markets, and Forecasts".
The report forecasts that the industrial thermal energy storage
market will reach US$4.5bn by 2034.
Heating and cooling accounts for approximately 50% of global energy
consumption, with ~30% of this consumption represented by heating
demand from industry, with the majority of heat production using
fossil fuels. Consequently, ~25% of the global energy pollution
comes from heat produced for industrial processes. Therefore, there
is growing demand across various industrial sectors for
technologies to both generate and store decarbonized heat, such as
thermal energy storage (TES).
"Thermal Energy Storage 2024-2034: Technologies, Players,
Markets, and Forecasts" provides market overviews and data
analysis for the industrial TES market, including value chain,
strategic partnerships, funding, material suppliers, business
models, key player activity, planned projects, and manufacturing
developments.
This IDTechEx report also provides 10-year market forecasts on
the TES market for the period 2020 - 2034, in both capacity (GWh)
and market value (US$B). Capacity forecasts are provided by region,
technology, and application.
The Thermal Energy Storage research report provides the
following key information:
- Discussion and analysis on regional market drivers for growth
of thermal energy storage (TES) to provide decarbonized heat to
industrial processes, and where earlier growth is expected to
occur. This includes commentary on regional natural gas prices for
industrial end users, and government- or state-level funding,
programs, and initiatives focused on decarbonization of industrial
process heat.
- Comprehensive analysis and discussion on thermal energy storage
applications in industrial processes such as calcination, drying,
metal heat treating and melting, process fluid heating, power
generation, among more. This includes analysis of the suitability
of identified TES technologies for these processes by process
temperature requirements, types of heat (convective, conductive,
radiative, air, steam, etc), and direct electrification efforts of
industrial heating processes.
- Coverage of TES to be used for long duration energy
storage (LDES) applications, including key players and projects,
for supporting adiabatic compressed air energy storage (CAES) and
liquid air energy storage (LAES) LDES technologies, and for
chemical looping processes.
- In-depth market overview and data analysis of TES in
industry, including value chain, strategic partnerships, funding,
material suppliers, business models, key player activity,
manufacturing developments, and existing and planned projects by
~2027, by capacity (MWh), industry sector, commercial readiness
(prototype, pilot, demonstration, commercial scale), region, and
player. Raw project data with project details (e.g., project
description, customers, funding) is also provided where
applicable.
- Market overview of TES projects paired with grid-scale
concentrated solar plants (CSP) is included - raw project data is
also provided. Discussion on other TES markets is also
included.
- Comprehensive and extensive coverage and analysis on thermal
energy storage technologies and materials, including sensible heat
(molten salt, solid-state such as concrete, refractory brick),
latent heat (phase change materials), and electro-thermal / pumped
thermal energy storage (ETES / PTES) technologies. This includes
system metrics (e.g., costs, storage temperatures, round-trip
efficiency, lifetime), key player activity, demonstrated projects,
and commercial developments.
- In-depth coverage, discussion, and analysis
of thermochemical energy storage technologies (TCES),
including types of TCES technologies (sorption and chemical
reaction) and systems, identified materials and technologies likely
to see further research and development, and identified prototype
and pilot systems.
- Granular 10-year TES market forecasts for industrial and
LDES applications, by technology (GWh), by region (GWh), by
application (GWh), and by value (US$B) for the 2020-2034
period.
The Thermal Energy Storage research report Table of Contents
includes:
- Executive Summary
- Introduction to Thermal Energy Storage
- Regional Market Drivers and Initiatives for Thermal Energy
Storage
- Thermal Energy Storage Applications
- Thermal Energy Storage Market Overview and Data Analysis
- Thermal Energy Storage Technologies
- 10-year TES market forecasts, by technology (GWh), region
(GWh), application (GWh), and value (US$B).
For more information on this report, including downloadable
sample pages, please visit www.IDTechEx.com/TES, or for the full
portfolio of Energy related research available from IDTechEx,
please visit www.IDTechEx.com/Research.
IDTechEx reports provide a detailed appraisal of a technology
and its applications, based on primary and secondary research
conducted by technical analysts, helping you understand the full
picture. These high quality, unbiased studies are researched at a
global level.
About IDTechEx
IDTechEx provides trusted independent research on emerging
technologies and their markets. Since 1999, we have been
helping our clients to understand new technologies, their supply
chains, market requirements, opportunities and forecasts. For more
information, contact research@IDTechEx.com or
visit www.IDTechEx.com.
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