The technology of storing thermal energy in ice is known as ice thermal energy storage. For cooling, ice thermal energy storage is commonly employed in air conditioners. It can be classified into two categories: dynamic and static systems. The ice energy created can be used to chill a product, a structure, or a system directly or indirectly.
MARKET DYNAMICS
Keeping ice, which has several advantages that make it a more sustainable and cost-effective energy storage alternative for building managers to consider as part of their energy management strategies, is likely to fuel the expansion of the global ice thermal energy storage market. Furthermore, new business centres and IT parks have been built because of rising industrialization and urbanization in developed economies such as India and China. This factor is predicted to boost demand for air conditioning systems and, as a result, the market's growth.
MARKET SCOPE
The "Global Ice Thermal Energy Storage 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 ice thermal energy storage market report aims to provide an overview of the ice thermal energy storage market with detailed market segmentation by application, end user, and geography. The global ice thermal energy storage market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading ice thermal energy storage market player and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global ice thermal energy storage market is segmented based on application, end user. Based on application, the ice thermal energy storage market is segmented refrigerator, air conditioner, thermal battery. Based on end user, the ice thermal energy storage market is segmented into commercial, industrial.
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 ice thermal energy storage 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 ice thermal energy storage market by each region is later sub-segmented by respective countries and segments. The ice thermal energy storage 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 ice thermal energy storage 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 ice thermal energy storage market in these regions.
IMPACT OF COVID-19 ON ICE THERMAL ENERGY STORAGE MARKET
The sudden outbreak of the COIVD-19 pandemic negatively impacted the growth of the global ice thermal energy storage market. The supply chain disruptions influenced the decline in demand for ice thermal energy storage. Additionally, the stringent lockdown imposed by various government bodies across impacted the service providers of ice thermal energy storage thereby impacting the growth of the global ice thermal energy storage market.
MARKET PLAYERS
The reports cover key developments in the ice thermal energy storage 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 ice thermal energy storage 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 ice thermal energy storage market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the ice thermal energy storage 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.
- CALMAC
- Vogt Ice
- Emerson Swan Inc.
- FVB Energy Inc
- AllCell Technologies LLC.
- Linde
- ERGINTECH
- Halvorson Trane
- Baltimore Aircoil Company
- EVAPCO, Inc.