Cold Thermal Energy Storage Market Analysis and Forecast to 2031: By Industrial (Meat Processing, Dairy, Beverages, Others), End-User (Residential, Commercial, Others), and Region
Cold thermal energy storage (CTES) is a process where thermal energy is stored in the form of cold water or ice. This stored energy can then be used to provide cooling or heating when needed. The main advantage of CTES is that it can provide a more efficient and cost-effective way to store energy than other methods, such as using batteries.
Key Trends
There are three key trends in cold thermal energy storage technology:
1. The use of phase change materials (PCMs) to store large amounts of energy in a small volume. PCMs are materials that can store large amounts of energy in the form of latent heat. latent heat is the energy required to change the phase of a substance (i.e. from solid to liquid or vice versa).
2. The use of advanced insulation materials to reduce heat losses. Advanced insulation materials have a lower thermal conductivity than traditional insulation materials, which means they can reduce heat losses.
3. The use of novel refrigerants with low global warming potential (GWP) to minimize environmental impact. Novel refrigerants are being developed that have a low GWP. GWP is a measure of how much a given greenhouse gas contributes to global warming.
Key Drivers
The key drivers of the Cold Thermal Energy Storage market are the need for energy storage, the development of new storage technologies, and the increasing use of renewable energy.
The need for energy storage is driven by the intermittency of renewable energy sources, such as wind and solar, and the need to have a reliable source of energy when demand is high. Storage can also provide grid stability and help to meet peak demand.
The development of new storage technologies is driven by the need for more efficient and cheaper storage solutions. The most promising new technologies include compressed air storage, molten salt storage, and flow batteries.
The increasing use of renewable energy is driven by the need to reduce greenhouse gas emissions. Renewables are often more expensive than fossil fuels, so storage can help to make them more economically viable.
Restraints & Challenges
Cold thermal energy storage is the process of storing cold energy in the form of ice, snow, or chilled fluids, and using it to meet future energy needs.
However, the key restraints and challenges in cold thermal energy storage are its high initial investment cost and the need for a reliable and continuous source of cold energy.
Market Segments
The cold thermal energy storage market is segmented by industrial, end-user, and region. By industrial, the market is classified into meat processing, dairy, beverages, and others. Based on end-user, it is bifurcated into residential, commercial, and others. Region-wise, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.
Key Players
The global cold thermal energy storage market includes players such as Calmac, Baltimore Aircoil Company, Vogt Ice LLC, Nostromo Energy, BeKa Heiz- und Kühlmatten GmbH, Trane, Viking Cold Solutions Inc., NETenergy, Evapco Inc., EnergiVault, and others.
Table of Contents
Chapter 1. Market Introduction
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Methodologies
1.4. Market Estimation Techniques
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Cold Thermal Energy Storage Market Outlook
3.1. Cold Thermal Energy Storage Market Segmentation
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.1.1. Driver 1
3.2.1.2. Driver 2
3.2.1.3. Driver 3
3.2.2. Market Restraints
3.2.2.1. Restraint 1
3.2.2.2. Restraint 2
3.2.3. Market Opportunities
3.2.3.1. Opportunity 1
3.2.3.2. Opportunity 2
3.3. Porter’s Five Forces Analysis
3.3.1. Threat of New Entrants
3.3.2. Threat of Substitutes
3.3.3. Bargaining Power of Buyers
3.3.4. Bargaining Power of Supplier
3.3.5. Competitive Rivalry
3.4. PESTLE Analysis
3.5. Value Chain Analysis
3.5.1. Raw Material Suppliers
3.5.2. Manufacturers
3.5.3. Wholesalers and/or Retailers
3.6. Impact of the Russia and Ukraine War on the Global Cold Thermal Energy Storage Market
Chapter 4. Economic Impact of COVID-19
4.1. Overall Impact of COVID-19
4.2. Impact of COVID On the Global Cold Thermal Energy Storage Market
4.3. Economic Impact Analysis
Chapter 5. Cold Thermal Energy Storage Market by End-Use
5.1. Market Overview
5.2. Residential
5.2.1. Market Size and Forecast, 2021-2031 ($Million)
5.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.3. Commercial
5.3.1. Market Size and Forecast, 2021-2031 ($Million)
5.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
5.4. Others
5.4.1. Market Size and Forecast, 2021-2031 ($Million)
5.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 6. Cold Thermal Energy Storage Market by Industrial
6.1. Market Overview
6.2. Meat Processing
6.2.1. Market Size and Forecast, 2021-2031 ($Million)
6.2.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.3. Dairy
6.3.1. Market Size and Forecast, 2021-2031 ($Million)
6.3.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.4. Beverages
6.4.1. Market Size and Forecast, 2021-2031 ($Million)
6.4.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
6.5. Others
6.5.1. Market Size and Forecast, 2021-2031 ($Million)
6.5.2. Market Size and Forecast, by Region, 2021-2031 ($Million)
Chapter 7. Cold Thermal Energy Storage Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.2.3. North America Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.2.4. North America Cold Thermal Energy Storage Market Size and Forecast by Country, 2021-2031, ($Million)
7.2.5. The U.S.
7.2.5.1. The U.S. Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.2.5.2. The U.S. Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.2.6. Canada
7.2.6.1. Canada Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.2.6.2. Canada Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.2.7. Mexico
7.2.7.1. Mexico Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.2.7.2. Mexico Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.3.3. Europe Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.3.4. Europe Cold Thermal Energy Storage Market Size and Forecast by Country, 2021-2031, ($Million)
7.3.5. Germany
7.3.5.1. Germany Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.3.5.2. Germany Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.3.6. France
7.3.6.1. France Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.3.6.2. France Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.3.7. U.K.
7.3.7.1. U.K. Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.3.7.2. U.K. Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.3.8. Spain
7.3.8.1. Spain Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.3.8.2. Spain Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.3.9. Italy
7.3.9.1. Italy Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.3.9.2. Italy Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.3.10. Rest of Europe
7.3.10.1. Rest of Europe Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.3.10.2. Rest of Europe Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Cold Thermal Energy Storage Market Size and Forecast by Country, 2021-2031, ($Million)
7.4.3. Asia-Pacific Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.4.4. Asia-Pacific Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.4.5. China
7.4.5.1. China Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.4.5.2. China Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.4.6. India
7.4.6.1. India Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.4.6.2. India Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.4.7. Japan
7.4.7.1. Japan Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.4.7.2. Japan Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.4.8. South Korea
7.4.8.1. South Korea Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.4.8.2. South Korea Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.4.9. Rest of APAC
7.4.9.1. Rest of APAC Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.4.9.2. Rest of APAC Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.5. Rest of the World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of the World Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.5.3. Rest of the World Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.5.4. Rest of the World Cold Thermal Energy Storage Market Size and Forecast by Country, 2021-2031, ($Million)
7.5.5. Latin America
7.5.5.1. Latin America Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.5.5.2. Latin America Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.5.6. Middle East
7.5.6.1. Middle East Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.5.6.2. Middle East Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
7.5.7. Africa
7.5.7.1. Africa Cold Thermal Energy Storage Market Size and Forecast by End-Use, 2021-2031, ($Million)
7.5.7.2. Africa Cold Thermal Energy Storage Market Size and Forecast by Industrial, 2021-2031, ($Million)
Chapter 8. Competitive Landscape
8.1. Market Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Developmental Strategy Benchmarking
8.3.1. New Product Development
8.3.2. Product Launches
8.3.3. Business Expansions
8.3.4. Partnerships, Joint Ventures, and Collaborations
8.3.5. Mergers and Acquisitions
Chapter 9. Company Profiles
9.1. Calmac
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Strategic Initiatives
9.1.5. SWOT Analysis
9.2. Baltimore Aircoil Company
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product Offerings
9.2.4. Key Strategic Initiatives
9.2.5. SWOT Analysis
9.3. Vogt Ice LLC
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product Offerings
9.3.4. Key Strategic Initiatives
9.3.5. SWOT Analysis
9.4. Nostromo Energy
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product Offerings
9.4.4. Key Strategic Initiatives
9.4.5. SWOT Analysis
9.5. BeKa Heiz- und Kühlmatten GmbH
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product Offerings
9.5.4. Key Strategic Initiatives
9.5.5. SWOT Analysis
9.6. Trane
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product Offerings
9.6.4. Key Strategic Initiatives
9.6.5. SWOT Analysis
9.7. Viking Cold Solutions Inc.
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product Offerings
9.7.4. Key Strategic Initiatives
9.7.5. SWOT Analysis
9.8. NETenergy
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product Offerings
9.8.4. Key Strategic Initiatives
9.8.5. SWOT Analysis
9.9. Evapco Inc.
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product Offerings
9.9.4. Key Strategic Initiatives
9.9.5. SWOT Analysis
9.10. EnergiVault
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product Offerings
9.10.4. Key Strategic Initiatives
9.10.5. SWOT Analysis
*The list of companies is subject to change during the final compilation of the report
Key Players
Market Segmentation
By End-Use
- Residential
- Commercial
- Others
By Industrial
- Meat Processing
- Dairy
- Beverages
- Others
By Region
- North America
- US
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
- Rest of the World
- Latin America
- Middle East
- Africa