Asia Pacific Thermal Energy Storage Market- Segmentation, Market Share, Size, and Forecast to 2024

Asia Pacific Thermal Energy Storage Market- Segmentation, Market Share, Size, and Forecast to 2024

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Thermal energy is a technology utilized to store thermal energy through cooling or heating storage medium. The stored energy can be utilized for either cooling or heating objective for power generation. The thermal energy storage technology is highly utilized in industries and residential buildings. The APAC thermal energy storage market is growing with the fastest rate due to growing electricity consumption coupled with rapid industrialization in the region, growing demand for new distribution systems, growing electricity vehicles market and growing renewable energy installations. The usage of Feed-in Tariffs (FiTs) is constantly a popular type of incentive employed to encourage renewable energy installations in APAC countries. Apart from Singapore, South Korea, New Zealand and Malaysia, all various countries come under the region, can get the facility of FiTs for one or more renewable technologies. Moreover, net-metering, which is a new and highly advanced incentive, is famous in Japan and is encouraging ground in India with a few states having announced the similar for rooftop solar installations. The FiT acts by providing appropriate energy firms contracts announcing that they will get stable return on the renewable energy they offer relatively to how much it charged to produce, which motivates funding in the industry. Among various APAC countries, the entry of dedicated agencies to support installations and the roll out of FiTs has encouraged to a prompt and significant growth in the resultant technologies. For instance, China has seen likewise good results with the use of FiTs, gaining the highest installed capacity of renewable energy in the APAC region. For instance, China has added around 15,000 MW of solar PV capacity in 2015 as compared to 10,950 MW of solar power in 2013.More incentives used across APAC countries involve the utilization of renewable portfolio standards, renewable energy certificates, tax credits, rebates, capital subsidies and grants. Such incentives empower government to satisfy various targets to decrease greenhouse gas emissions. However, China is already installing renewable capacity with an unprecedented level, and the incentives will remain to facilitate the growth. Due to these driving factors, APAC thermal energy storage market is expected to grow with the CAGR of 21.7% during the forecast period. The APAC thermal energy storage market was valued approximately $ 264 million in 2016 and it is expected to reach approximately $ 858 million by 2022.The major factors restraining the market growth are high initial establishment cost for storage mediums and high grid interconnection barriers. However, the market has various opportunities such as growing investment in global transmission & distribution grid and constant R & D in energy storage technologies. The market is facing some certain challenges such as limited commercialization of products and long term energy storage.

Europe is leading in thermal energy storage market, followed by Europe but Asia pacific is the fastest growing region for thermal energy storage market due to large availability of land for installations in the region. For instance, China is known for his excellent solar energy resources. China has big desert land which is appropriate for making CSP (Concentrating solar power) stations. In Xinjiang alone, there has been 1.11 million sq km of desert land, which provides good solar  and land resource condition for making CSP stations. China-US technology cooperation also helps in boosting the technology in China. Under this, many China-US firms comes for bilateral agreement. For instance, On June 2015, Brightsource energy (U.S) and Huanghe (China) signed memorandum of understanding for the development of one of the first large scale commercial CSP pilot projects in China. Thus, this makes China advanced in the thermal energy storage technology, which is driving the demand for the market in china.

The global thermal energy management storage market is segmented on the basis of storage technology and end user. The storage technology is further sub-segmented into thermochemical hat, latent heat and sensible heat. Sensible heat denotes that the storage method or process can be sensed through temperature change. The use of both sensible heat and latent heat becomes possible through high temperature solar thermal input. The end user segment is further sub-segmented into commercial & industrial, utilities and residential. The commercial & industrial segment is expected to held major revenue share in the end user segment in 2015. TES systems are used in most commercial and industrial services, but some criteria must be satisfied for economic feasibility. These storage systems can be suitable while maximum cooling weight is considerably higher than average weight.

Major companies profiled in the report are Brightsource Energy Inc., Siemens Windpower A/S, Baltimore Aircoil Company, Eaton Corporation etc. These companies use various strategies to gain competitive advantage in global market. For example: On May 2016, “Eaton” signs partnership agreement with automotive leader “Nissan” to make home energy storage affordable and reliable for everyone with ‘x storage’. The collaborative growth between Nissan and Eaton will help to enhance development and manufacturing costs and offer a well-integrated product to consumers.

 

 

Additional information

License Type

Single User APAC License, Single User Global License, Site License APAC, Site License Global

  1. INTRODUCTION
    • EXECUTIVE SUMMARY
    • ESTIMATION METHODOLOGY

 

  1. MARKET OVERVIEW
    • MARKET DEFINITION AND SCOPE
    • VALUE CHAIN ANALYSIS
    • KEY BUYING CRITERIA
    • PORTER’S 5 FORCE MODEL
    • KEY MARKET TRENDS
      • PIPELINE ANALYSIS
      • R & D SCENARIO
      • REGULATORY FRAMEWORK
    • PARAMETRIC ANALYSIS
    • KEY MARKET INSIGHTS
      • TOP 3 EMERGING COUNTRIES
      • TOP 3 REVENUE GENERATING SEGMENTS
      • TOP 3 EMERGING SEGMENTS
    • COMPETITIVE INTELLIGENCE
      • MARKET SHARE ANALYSIS
      • TOP WINNING STRATEGIES
      • CASE STUDY: TOP COMPETITIVE MOVES
    • STRATEGIC RECOMMENDATIONS & KEY CONCLUSIONS
      • INVESTMENT OPPORTUNITIES BY REGIONS
      • OPPORTUNITIES IN EMERGING PRODUCTSS
      • INVESTMENT OPPORTUNITY IN FASTEST GROWING SEGMENT

 

  1. MARKET DETERMINANTS
    • MARKET DRIVER
      • PRODUCTIVE USAGE OF WATER RESOURCES IN DROUGHT CONDITIONS
      • LOW-COST IRRIGATION METHOD
      • HIGHER YIELD REQUIREMENT FROM LIMITED AREA
      • GROWTH IN GREENHOUSE VEGETABLE PRODUCTION
      • GOVERNMENT ENCOURAGEMENT
    • MARKET RESTRAINTS
      • HIGH INITIAL INVESTMENT
      • CONTINUOUS REQUIREMENT OF MAINTENANCE
    • MARKET OPPORTUNITIES
      • GROWING MICRO-FINANCE NETWORK
      • SUSTAINABLE AGRICULTURAL PRACTICES OF COMPANIES
    • MARKET CHALLENGES
      • LACK OF TIMELY REIMBURSEMENT FOR SUBSIDIES
      • ABSENCE OF PROPER MONITORING AGENCY LEADS TO PRODUCT DUPLICATION
  1. APAC THERMAL ENERGY STORAGE MARKET BY TYPE 2015-2024 ($ MILLION)
    • APAC THERMAL ENERGY STORAGE MARKET BY DRIP 2015-2024 ($ MILLION)
    • APAC THERMAL ENERGY STORAGE MARKET BY MICROSPRINKLER  2015-2024 ($ MILLION)

 

  1. APAC THERMAL ENERGY STORAGE MARKET BY APPLICATION 2015-2024 ($ MILLION)
    • APAC THERMAL ENERGY STORAGE MARKET BY ORCHARD CROPS & VINEYARDS 2015-2024 ($ MILLION)
    • APAC THERMAL ENERGY STORAGE MARKET BY FIELD CROPS 2015-2024 ($ MILLION)
    • APAC THERMAL ENERGY STORAGE MARKET BY PLANTATION CROPS 2015-2024 ($ MILLION)
    • APAC THERMAL ENERGY STORAGE MARKET BY  FIELD CROPS 2015-2024 ($ MILLION)
  2. APAC THERMAL ENERGY STORAGE MARKET BY END USER 2015-2024 ($ MILLION)
    • APAC THERMAL ENERGY STORAGE MARKET BY INDUSTRIAL USER 2015-2024 ($ MILLION)
    • APAC THERMAL ENERGY STORAGE MARKET BY FARMERS 2015-2024 ($ MILLION)
    • APAC THERMAL ENERGY STORAGE MARKET BY OTHERS  2015-2024 ($ MILLION)

 

 

  1. APAC LEVEL SEGMENTATION
    • CHINA THERMAL ENERGY STORAGE MARKET 2015-2024 ($ MILLION)
    • INDIA THERMAL ENERGY STORAGE MARKET 2015-2024 ($ MILLION)
    • KOREA THERMAL ENERGY STORAGE MARKET 2015-2024 ($ MILLION)
    • JAPAN THERMAL ENERGY STORAGE MARKET 2015-2024 ($ MILLION)
    • AUSTRALIA THERMAL ENERGY STORAGE MARKET 2015-2024 ($ MILLION)
    • THAILAND THERMAL ENERGY STORAGE MARKET 2015-2024 ($ MILLION)
    • REST OF ASIA PACIFIC THERMAL ENERGY STORAGE MARKET 2015-2024 ($ MILLION)

 

  1. GLOBAL VS APAC MARKET “A COMPARATIVE STUDY”
    • DECISION SUPPORT DATABASE & ESTIMATION METHODOLOGY
    • COMPARATIVE ANALYSIS ACROSS MARKET SEGMENTS
    • OPPORTUNITY MATRIX
    • GLOBAL VS. APAC MARKET
    • US VS. APAC MARKET
    • EUROPE VS. APAC MARKET
    • ROW VS. APAC MARKET

 

  1. COMPANY PROFILES
    • JAIN IRRIGATION SYSTEM LIMITED (JISL).
    • TORO COMPANY
    • NAUGRA EXPORT
    • TIRUPATI STRUCTURALS LIMITED
    • HARSO STEELS PVT. LYD.
    • APOLLO PIPES LIMITED
    • KISAN GROUP OF COMPANIES
    • CAPTAIN POLYPLAST LTD.
    • RIVULIS IRRIGATION
    • IWT
    • PARAS DRIP IRRIGATION
    • KSNM MARKETING
    • SHARAN POLYPLAST
    • LINDSAY CORPORATIONLTD.

LIST OF TABLES

  1. APAC THERMAL ENERGY STORAGE MARKET BY TYPE 2015-2024 ($ MILLION)
  2. APAC THERMAL ENERGY STORAGE MARKET BY DRIP GEOGRAPHY 2015-2024 ($ MILLION)
  3. APAC THERMAL ENERGY STORAGE MARKET BY MICROSPRINKLER GEOGRAPHY 2015-2024 ($ MILLION)
  4. APAC THERMAL ENERGY STORAGE MARKET BY APPLICATION 2015-2024 ($ MILLION)
  5. APAC THERMAL ENERGY STORAGE MARKET BY ORCHARD CROPS & VINEYARDS GEOGRAPHY 2015-2024 ($ MILLION)
  6. APAC THERMAL ENERGY STORAGE MARKET BY FIELD CROPS PARTICLES GEOGRAPHY 2015-2024 ($ MILLION)
  7. APAC THERMAL ENERGY STORAGE MARKET BY PLANTATION CROPS GEOGRAPHY 2015-2024 ($ MILLION)
  8. APAC THERMAL ENERGY STORAGE MARKET BY FIELD CROPS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
  9. APAC THERMAL ENERGY STORAGE MARKET BY END USER 2015-2024 ($ MILLION)
  10. APAC THERMAL ENERGY STORAGE MARKET BY INDUSTRIAL USER GEOGRAPHY 2015-2024 ($ MILLION)
  11. APAC THERMAL ENERGY STORAGE MARKET BY FARMERS GEOGRAPHY 2015-2024 ($ MILLION)
  12. APAC THERMAL ENERGY STORAGE MARKET BY OTHERS  GEOGRAPHY 2015-2024 ($ MILLION)
  13. CHINA THERMAL ENERGY STORAGE MARKET BY TYPE 2015-2024 ($ MILLION)
  14. CHINA THERMAL ENERGY STORAGE MARKET BY APPLICATION  2015-2024 ($ MILLION)
  15. CHINA THERMAL ENERGY STORAGE MARKET BY END USERS 2015-2024 ($ MILLION)
  16. INDIA THERMAL ENERGY STORAGE MARKET BY TYPE 2015-2024 ($ MILLION)
  17. INDIA THERMAL ENERGY STORAGE MARKET BY APPLICATION  2015-2024 ($ MILLION)
  18. INDIA THERMAL ENERGY STORAGE MARKET BY END USERS 2015-2024 ($ MILLION)
  19. KOREA THERMAL ENERGY STORAGE MARKET BY TYPE 2015-2024 ($ MILLION)
  20. KOREA THERMAL ENERGY STORAGE MARKET BY APPLICATION  2015-2024 ($ MILLION)
  21. KOREA THERMAL ENERGY STORAGE MARKET BY END USERS 2015-2024 ($ MILLION)
  22. JAPAN THERMAL ENERGY STORAGE MARKET BY TYPE 2015-2024 ($ MILLION)
  23. JAPAN THERMAL ENERGY STORAGE MARKET BY APPLICATION  2015-2024 ($ MILLION)
  24. JAPAN THERMAL ENERGY STORAGE MARKET BY END USERS 2015-2024 ($ MILLION)
  25. AUSTRALIA THERMAL ENERGY STORAGE MARKET BY TYPE 2015-2024 ($ MILLION)
  26. AUSTRALIA THERMAL ENERGY STORAGE MARKET BY APPLICATION  2015-2024 ($ MILLION)
  27. AUSTRALIA THERMAL ENERGY STORAGE MARKET BY END USERS 2015-2024 ($ MILLION)
  28. THAILAND THERMAL ENERGY STORAGE MARKET BY TYPE 2015-2024 ($ MILLION)
  29. THAILAND THERMAL ENERGY STORAGE MARKET BY APPLICATION  2015-2024 ($ MILLION)
  30. THAILAND THERMAL ENERGY STORAGE MARKET BY END USERS 2015-2024 ($ MILLION)
  31. REST OF ASIA PACIFIC THERMAL ENERGY STORAGE MARKET BY TYPE 2015-2024 ($ MILLION)
  32. REST OF ASIA PACIFIC THERMAL ENERGY STORAGE MARKET BY APPLICATION  2015-2024 ($ MILLION)
  33. REST OF ASIA PACIFIC THERMAL ENERGY STORAGE MARKET BY END USERS 2015-2024 ($ MILLION)
  34. GLOBAL THERMAL ENERGY STORAGE MARKET BY REGION 2015-2024 ($ MILLION)
  35. GLOBAL THERMAL ENERGY STORAGE MARKET BY TYPE 2015-2024 ($ MILLION)
  36. GLOBAL ENERGY STORAGE MARKET BY APPLICATION  2015-2024 ($ MILLION)
  37. GLOBAL THERMAL ENERGY STORAGE MARKET BY END USERS 2015-2024 ($ MILLION)

 

LIST OF FIGURES

OF TABLES

  1. APAC THERMAL ENERGY STORAGE MARKET BY DRIP GEOGRAPHY 2015-2024 ($ MILLION)
  2. APAC THERMAL ENERGY STORAGE MARKET BY MICROSPRINKLER GEOGRAPHY 2015-2024 ($ MILLION)
  3. APAC THERMAL ENERGY STORAGE MARKET BY ORCHARD CROPS & VINEYARDS GEOGRAPHY 2015-2024 ($ MILLION)
  4. APAC THERMAL ENERGY STORAGE MARKET BY FIELD CROPS PARTICLES GEOGRAPHY 2015-2024 ($ MILLION)
  5. APAC THERMAL ENERGY STORAGE MARKET BY PLANTATION CROPS GEOGRAPHY 2015-2024 ($ MILLION)
  6. APAC THERMAL ENERGY STORAGE MARKET BY FIELD CROPS ACROSS GEOGRAPHY 2015-2024 ($ MILLION)
  7. APAC THERMAL ENERGY STORAGE MARKET BY INDUSTRIAL USER GEOGRAPHY 2015-2024 ($ MILLION)
  8. APAC THERMAL ENERGY STORAGE MARKET BY FARMERS GEOGRAPHY 2015-2024 ($ MILLION)
  9. APAC THERMAL ENERGY STORAGE MARKET BY OTHERS  GEOGRAPHY 2015-2024 ($ MILLION)
  10. CHINA THERMAL ENERGY STORAGE MARKET 2015-2024 ($ MILLION)
  11. INDIA THERMAL ENERGY STORAGE MARKET 2015-2024 ($ MILLION)
  12. KOREA THERMAL ENERGY STORAGE MARKET 2015-2024 ($ MILLION)
  13. JAPAN THERMAL ENERGY STORAGE MARKET 2015-2024 ($ MILLION)
  14. AUSTRALIA THERMAL ENERGY STORAGE MARKET 2015-2024 ($ MILLION)
  15. THAILAND THERMAL ENERGY STORAGE MARKET 2015-2024 ($ MILLION)
  16. REST OF ASIA PACIFIC THERMAL ENERGY STORAGE MARKET 2015-2024 ($ MILLION)

 

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