Electro-thermal energy storage systems are solutions that combine the electricity, heating, and cooling sectors, to convert electrical energy into thermal energy. These are used for heating & cooling or reconverted into electricity. These solutions are generally applied across medium to large scale thermal and power plants to reduce their carbon footprint.
MARKET DYNAMICS
The constantly growing need for thermal energy across industries such as pulp & paper, cement, and food amongst others is influencing the rise in production volume of the same. The rise in production volume is thereby increasing the need for efficient storage systems thereby contributing to the growth of the market over the years.
MARKET SCOPE
The "Global ETES System Market Analysis To 2028" is a specialized and in-depth study of the technology, media, and telecommunications industry with a special focus on global market trend analysis. The ETES system market report aims to provide an overview of the ETES system market with detailed market segmentation by type, application, and geography. The global ETES system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ETES system market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global ETES system market is segmented based on type, application. Based on type, the ETES system market is segmented into Small Capacity (Less than 30 MWh), Medium Capacity (30-130 MWh), Large Capacity (Above 130 MWh). Based on application, the ETES system market is segmented into industrial, commercial.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global ETES system market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The ETES system market by each region is later sub-segmented by respective countries and segments. The ETES system market report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the ETES system market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis highlighting factors affecting the ETES system market in these regions.
IMPACT OF COVID-19 ON ETES SYSTEM MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global ETES system market. The demand for ETES system from the end-use industries declined significantly from the owing to strict lockdown imposed by government bodies which affect the demand side of the market. Additionally, the stringent lockdown imposed by various government bodies across impacted the ETES system manufacturing thereby impacting the growth of the global ETES system market from the supply side as well.
MARKET PLAYERS
The reports cover key developments in the ETES system market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from ETES system market are anticipated to lucrative growth opportunities in the future with the rising demand for filter products in the global market. Below mentioned is the list of few companies engaged in the ETES system market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ETES system market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- MAN Energy Solutions
- Siemens Gamesa Renewable Energy
- Echogen