Factors that are expected to fuel the growth of the global ice thermal energy storage market are storing ice which has a number of benefits making it more sustainable and cost-effective energy storage option for building managers to consider it as a part of their energy management plans. Additionally, the rapid industrialization and urbanization across developed economies like India and China has led to construction of new business centers and IT parks. This factor is expected to increase the demand for air conditioning systems and eventually drive the growth of the market. In addition, ice thermal energy storage is also used for combustion gas turbine air inlet cooling. The increase in demand for industrial gas turbines to generate power is also expected to drive the growth of market.
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However, the high maintenance cost of ice thermal energy storage systems is expected to restrain the growth of the ice thermal energy storage market. Meanwhile, introduction of new technological solutions for ice thermal energy storage systems is expected to offer lucrative growth opportunities for the market.
The global ice thermal energy storage market is segmented on the basis of application, end-use, and region. Based on application, it is classified into refrigerator, air conditioner, and thermal battery. End-use, is segmented into industrial, institutional, and commercial. Based on region, the global ice thermal energy storage market is analyzed across North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East and Africa).
Key Players
- Ice Energy
- CALMAC
- Araner
- Vogt Ice
- Emerson Swan Inc.
- FVB Energy Inc.
- AllCell Technologies LLC.
- Linde
- ERGINTECH
- Halvorson Trane
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Key Benefits for Stakeholders:
- The global ice thermal energy storage market size has been analyzed across four major regions.
- Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of ice thermal energy storage for strategy building.
- The report outlines the current market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets. The market is forecasted for 2019-2026.
- Major countries in each region have been mapped according to their individual revenue contribution to the regional market.
- The key drivers, restraints, opportunities & ice thermal energy storage market trends along with their detailed impact analysis are elucidated in the study.
- The global ice thermal energy storage market analysis covers in-depth information of the major industry participants.
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