Global Electric Thermal Energy Storage Technology Market Research Report 2024(Status and Outlook)

Global Electric Thermal Energy Storage Technology Market Research Report 2024(Status and Outlook)



Report Overview:

Electric Thermal Energy Storage (ETES) technology refers to a technology that stores thermal energy in the form of heat using electrical energy as an intermediate energy carrier. This technology is mainly used for energy storage and peak shaving in the power grid, and can effectively solve the problem of mismatch between energy supply and demand in the power grid.

The Global Electric Thermal Energy Storage Technology Market Size was estimated at USD 255.55 million in 2023 and is projected to reach USD 588.03 million by 2029, exhibiting a CAGR of 14.90% during the forecast period.

This report provides a deep insight into the global Electric Thermal Energy Storage Technology market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Electric Thermal Energy Storage Technology Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Electric Thermal Energy Storage Technology market in any manner.

Global Electric Thermal Energy Storage Technology Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Siemens Gamesa

MAN Energy Solutions

Echogen

Trane

E2S Power

Market Segmentation (by Type)

Small Capacity (Less Than 30MWh)

Medium Capacity (30-100MWh)

Large Capacity (More Than 100MWh)

Market Segmentation (by Application)

Industrial

Utilities

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Electric Thermal Energy Storage Technology Market

Overview of the regional outlook of the Electric Thermal Energy Storage Technology Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value (USD Billion) data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Electric Thermal Energy Storage Technology Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the Market's Competitive Landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 10 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 11 provides a quantitative analysis of the market size and development potential of each market segment (product type and application) in the next five years.

Chapter 12 is the main points and conclusions of the report.


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Electric Thermal Energy Storage Technology
1.2 Key Market Segments
1.2.1 Electric Thermal Energy Storage Technology Segment by Type
1.2.2 Electric Thermal Energy Storage Technology Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Electric Thermal Energy Storage Technology Market Overview
2.1 Global Market Overview
2.1.1 Global Electric Thermal Energy Storage Technology Market Size (M USD) Estimates and Forecasts (2019-2030)
2.1.2 Global Electric Thermal Energy Storage Technology Sales Estimates and Forecasts (2019-2030)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Electric Thermal Energy Storage Technology Market Competitive Landscape
3.1 Global Electric Thermal Energy Storage Technology Sales by Manufacturers (2019-2024)
3.2 Global Electric Thermal Energy Storage Technology Revenue Market Share by Manufacturers (2019-2024)
3.3 Electric Thermal Energy Storage Technology Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Electric Thermal Energy Storage Technology Average Price by Manufacturers (2019-2024)
3.5 Manufacturers Electric Thermal Energy Storage Technology Sales Sites, Area Served, Product Type
3.6 Electric Thermal Energy Storage Technology Market Competitive Situation and Trends
3.6.1 Electric Thermal Energy Storage Technology Market Concentration Rate
3.6.2 Global 5 and 10 Largest Electric Thermal Energy Storage Technology Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Electric Thermal Energy Storage Technology Industry Chain Analysis
4.1 Electric Thermal Energy Storage Technology Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Electric Thermal Energy Storage Technology Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Electric Thermal Energy Storage Technology Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Electric Thermal Energy Storage Technology Sales Market Share by Type (2019-2024)
6.3 Global Electric Thermal Energy Storage Technology Market Size Market Share by Type (2019-2024)
6.4 Global Electric Thermal Energy Storage Technology Price by Type (2019-2024)
7 Electric Thermal Energy Storage Technology Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Electric Thermal Energy Storage Technology Market Sales by Application (2019-2024)
7.3 Global Electric Thermal Energy Storage Technology Market Size (M USD) by Application (2019-2024)
7.4 Global Electric Thermal Energy Storage Technology Sales Growth Rate by Application (2019-2024)
8 Electric Thermal Energy Storage Technology Market Segmentation by Region
8.1 Global Electric Thermal Energy Storage Technology Sales by Region
8.1.1 Global Electric Thermal Energy Storage Technology Sales by Region
8.1.2 Global Electric Thermal Energy Storage Technology Sales Market Share by Region
8.2 North America
8.2.1 North America Electric Thermal Energy Storage Technology Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Electric Thermal Energy Storage Technology Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Electric Thermal Energy Storage Technology Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Electric Thermal Energy Storage Technology Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Electric Thermal Energy Storage Technology Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Siemens Gamesa
9.1.1 Siemens Gamesa Electric Thermal Energy Storage Technology Basic Information
9.1.2 Siemens Gamesa Electric Thermal Energy Storage Technology Product Overview
9.1.3 Siemens Gamesa Electric Thermal Energy Storage Technology Product Market Performance
9.1.4 Siemens Gamesa Business Overview
9.1.5 Siemens Gamesa Electric Thermal Energy Storage Technology SWOT Analysis
9.1.6 Siemens Gamesa Recent Developments
9.2 MAN Energy Solutions
9.2.1 MAN Energy Solutions Electric Thermal Energy Storage Technology Basic Information
9.2.2 MAN Energy Solutions Electric Thermal Energy Storage Technology Product Overview
9.2.3 MAN Energy Solutions Electric Thermal Energy Storage Technology Product Market Performance
9.2.4 MAN Energy Solutions Business Overview
9.2.5 MAN Energy Solutions Electric Thermal Energy Storage Technology SWOT Analysis
9.2.6 MAN Energy Solutions Recent Developments
9.3 Echogen
9.3.1 Echogen Electric Thermal Energy Storage Technology Basic Information
9.3.2 Echogen Electric Thermal Energy Storage Technology Product Overview
9.3.3 Echogen Electric Thermal Energy Storage Technology Product Market Performance
9.3.4 Echogen Electric Thermal Energy Storage Technology SWOT Analysis
9.3.5 Echogen Business Overview
9.3.6 Echogen Recent Developments
9.4 Trane
9.4.1 Trane Electric Thermal Energy Storage Technology Basic Information
9.4.2 Trane Electric Thermal Energy Storage Technology Product Overview
9.4.3 Trane Electric Thermal Energy Storage Technology Product Market Performance
9.4.4 Trane Business Overview
9.4.5 Trane Recent Developments
9.5 E2S Power
9.5.1 E2S Power Electric Thermal Energy Storage Technology Basic Information
9.5.2 E2S Power Electric Thermal Energy Storage Technology Product Overview
9.5.3 E2S Power Electric Thermal Energy Storage Technology Product Market Performance
9.5.4 E2S Power Business Overview
9.5.5 E2S Power Recent Developments
10 Electric Thermal Energy Storage Technology Market Forecast by Region
10.1 Global Electric Thermal Energy Storage Technology Market Size Forecast
10.2 Global Electric Thermal Energy Storage Technology Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Electric Thermal Energy Storage Technology Market Size Forecast by Country
10.2.3 Asia Pacific Electric Thermal Energy Storage Technology Market Size Forecast by Region
10.2.4 South America Electric Thermal Energy Storage Technology Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Electric Thermal Energy Storage Technology by Country
11 Forecast Market by Type and by Application (2025-2030)
11.1 Global Electric Thermal Energy Storage Technology Market Forecast by Type (2025-2030)
11.1.1 Global Forecasted Sales of Electric Thermal Energy Storage Technology by Type (2025-2030)
11.1.2 Global Electric Thermal Energy Storage Technology Market Size Forecast by Type (2025-2030)
11.1.3 Global Forecasted Price of Electric Thermal Energy Storage Technology by Type (2025-2030)
11.2 Global Electric Thermal Energy Storage Technology Market Forecast by Application (2025-2030)
11.2.1 Global Electric Thermal Energy Storage Technology Sales (K Units) Forecast by Application
11.2.2 Global Electric Thermal Energy Storage Technology Market Size (M USD) Forecast by Application (2025-2030)
12 Conclusion and Key Findings

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