Thermal Energy Storage Market Analysis Europe, North America, APAC, Middle East and Africa, South America - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Published: Mar 2024

Pages: 164

SKU: IRTNTR45188

Snapshot

Thermal Energy Storage Market Forecast 2024-2028

The thermal energy storage market size is forecast to increase by USD 2.88 billion at a CAGR of 9.61% between 2023 and 2028. The report includes historic market data from 2018-2022. The market experiences increasing demand for renewable energy sources, driven by factors such as their growing utilization in smart cities and smart buildings, as well as shifts in the energy mix. These trends reflect evolving priorities towards sustainability and efficiency in energy consumption. With the rise of renewable energy adoption and its integration into urban infrastructure, the market anticipates continued growth opportunities, aligning with the global push towards cleaner and more sustainable energy solutions.

Market Overview :

The molten salt energy storage segment is the fastest-growing segment during the forecast year
The molten salt energy storage segment was the largest segment and was valued at USD 2.87 billion in 2018.
Europe is the most dominating region during the forecast period
The market growth and forecasting report analyzes the rising demand for CSP, increasing demand for renewable energy sources, and operational inefficiencies of MSES in CSP systems. This comprehensive examination provides insights into the evolving landscape of renewable energy technologies, aiding stakeholders in making informed decisions for future strategies and investments.

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Market Trends

Growing demand for renewable energy sources is the primary market trend shaping the market. Renewable energy is hailed for its clean, inexhaustible nature, devoid of greenhouse gas emissions. Anticipated global electricity demand growth of 60%-70% by 2040, coupled with fluctuating fossil fuel prices, is poised to spur renewable energy adoption. Geothermal energy, expanding notably in countries like Indonesia and Kenya, exhibits a 2% global capacity rise in 2020.

Furthermore, wind energy is projected to meet 10%-15% of global electricity needs by 2020, with onshore wind capacity expected to grow by 839 gigawatts by 2023. Solar photovoltaic leads absolute generation growth, with distributed solar PV capacity forecasted to surge over 250% by 2024. These trends, driven by benefits like emission-free baseload power, are set to propel the market growth during the forecast period.

Market Largest-Growing Segments

Molten Salt Energy Storage Segment

The molten salt energy storage (MSES) segment dominates the market, notably in concentrated solar power (CSP) plants, ensuring uninterrupted electricity production. MSES utilizes a salt mix heated by sunlight to generate electricity or store energy for later use.

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Furthermore, with minimal temperature loss, MSES allows extended hold durations and can operate for over three decades without salt mix replacement. This, coupled with its eco-friendly nature, aligns with the increasing demand for clean energy solutions, driving market growth.

Market Regional Analysis

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Europe is estimated to contribute 30% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Europe's market is poised for significant growth, driven by the region's emphasis on renewable energy adoption. Government incentives and EU renewable energy targets are spurring investments in clean energy infrastructure. By 2030, the EU aims to source 42.5-45% of its energy from renewables, up from the current 22%. Notably, countries like Sweden lead in renewable energy share. Thermal energy traction in district energy heating, offering energy savings and reduced emissions. With strong vendor presence and early adoption in countries like Spain, Germany, and the UK, Europe is poised for substantial market expansion.

Market Dynamics and Customer Landscape

The market encompasses various sectors, including CSP plants (Concentrated Solar Power plants), catering to heating & cooling applications. With a focus on renewable power capacity addition, ongoing construction activities face challenges like supply chain disruptions. However, investments in renewables drive growth, particularly in solar and wind technologies, aligning with Paris Climate targets to reduce carbon emissions. Technologies like heat storage (TES) systems and HVAC enhance energy efficiency and support a clean energy future. Innovations in the thermal energy storage business ensure cost-effective storage of energy, bolstering the power generation industry and enabling renewable power generation for seasonal energy storage and energy security methods. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.

Key Drivers of the Market

Increasing demand for CSP is the key factor driving the market. Concentrated Solar Power (CSP) systems are revolutionizing thermal energy storage, enabling the harnessing and storage of solar energy for later use. CSP employs various solar collectors like parabolic troughs and solar power towers to concentrate sunlight onto receivers, generating high temperatures. Thermal energy storage, often utilizing molten salt, captures and stores excess solar energy, enhancing system flexibility and efficiency.

Furthermore, companies like Acciona SA offer CSP solutions with thermal energy storage capacities, ensuring reliable electricity generation even during adverse weather conditions. This has spurred new CSP installations, where thermal energy storage serves as the primary energy storehouse method due to its resilience and cost-effectiveness. Consequently, the market is set for substantial growth during the forecast period.

Significant Challenges of Market

Operating inefficiencies of MSES in CSP systems is the major challenge that affects the market expansion. While MSES is widely used in concentrated solar power (CSP) systems, it faces operational challenges. Maintaining molten salt above its solidification temperature is crucial to prevent energy loss, necessitating additional equipment for temperature regulation. Chemical incompatibility and low thermal conductivity further slow heat transfer in MSES systems.

Additionally, MSES CSPs require substantial water for cooling, posing environmental concerns in arid regions with limited water resources. Spillage, caused by sunlight missing the receiver, presents another issue, impacting tower size and storehouse capacity. These challenges hinder the growth of the market, emphasizing the need for innovative solutions to address operational constraints and environmental impact.

Market Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Major Market Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Abengoa SA: The company offers thermal energy storage technologies such as parabolic trough technology that allows to produce and store clean energy and also uses molten salt thermal storage.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.

Technology Outlook
- Molten salt energy storage
- Phase change material

End-user Outlook
- Industrial
- Residential and commercial
- Utilities

Region Outlook
- North America
  - The U.S.
  - Canada
- Europe
  - The U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Market Analyst Overview:

The market is thriving with the surge in renewable electricity capacity and global renewable energy installed capacity. Technologies like solar generation, wind generation, and CSP generation are driving demand for thermal energy storage, especially with battery storage and pumped-storage hydropower. Innovations in lithium-ion batteries and sensible heat storage are enhancing grid reliability and supporting decentralized renewable energy. Phase change material (PCM) and thermo-chemical storage (TCS) are revolutionizing energy storehouse alternatives, aligning with carbon reduction targets and heating and cooling applications. Further, boiling points and volumetric heat capacities are essential factors in understanding the efficiency of ice or chilled water technologies, which, when integrated with demand-side management strategies and utility off-peak hours, can help optimize energy consumption and reduce costs, particularly when considering time-of-day pricing and Europe's installed CSP capacity.

Further, the market is experiencing rapid growth driven by factors such as increasing electrification rate and industrial bulk consumption. Innovations in distributed storage systems utilizing molten salt technology are reducing the cost of thermal energy storage technologies. Technologies like concentrating solar power (CSP) plants address the intermittency of solar resource while battery energy holds and supports solar power generation applications. Organizations like IRENA and projects like VS1 CSP project are shaping the landscape, emphasizing renewable energy generation and novel energy storage systems Besides, efforts towards energy utilization, including the use of underground hot water tanks, district heating and cooling systems, and electric thermal heaters, aim to maximize energy density and efficiency, incorporating deep cycles and latent heat storage alongside thermochemical heat storage methods, particularly beneficial for.r power generation and supporting the transition towards electric automobiles.

Market Scope
Report Coverage	Details
Page number	164
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 9.61%
Market Growth 2024-2028	USD 2.88 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	9.41
Regional analysis	Europe, North America, APAC, Middle East and Africa, and South America
Performing market contribution	Europe at 30%
Key countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Abengoa SA, Acciona SA, ARANER, Baltimore Aircoil Co., BrightSource Energy Inc., Burns and McDonnell, Caldwell Energy Co., CALMAC, Comfort Systems USA Inc., CRYOGEL, DN Tanks Inc., Dunham-Bush Holding Bhd, EnergyNest, EVAPCO Inc., Goss Engineering, HTS, McDermott International Ltd., SENER GRUPO DE INGENIERIA SA, Steffes LLC, and Thermofin
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2024 and 2028
Precise estimation of the market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across Europe, North America, APAC, Middle East and Africa, and South America
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Technology
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 13: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global thermal energy storage market 2018 - 2022
- Exhibit 18: Historic Market Size – Data Table on global thermal energy storage market 2018 - 2022 ($ billion)

4.2 Technology Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Technology Segment 2018 - 2022 ($ billion)

4.3 End-user Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)

4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)

4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Technology

6.1 Market segments
- Exhibit 30: Chart on Technology - Market share 2023-2028 (%)
- Exhibit 31: Data Table on Technology - Market share 2023-2028 (%)

6.2 Comparison by Technology
- Exhibit 32: Chart on Comparison by Technology
- Exhibit 33: Data Table on Comparison by Technology

6.3 Molten salt energy storage - Market size and forecast 2023-2028
- Exhibit 34: Chart on Molten salt energy storage - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Data Table on Molten salt energy storage - Market size and forecast 2023-2028 ($ billion)
- Exhibit 36: Chart on Molten salt energy storage - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Molten salt energy storage - Year-over-year growth 2023-2028 (%)

6.4 Phase change material - Market size and forecast 2023-2028
- Exhibit 38: Chart on Phase change material - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Data Table on Phase change material - Market size and forecast 2023-2028 ($ billion)
- Exhibit 40: Chart on Phase change material - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Phase change material - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by Technology
- Exhibit 42: Market opportunity by Technology ($ billion)
- Exhibit 43: Data Table on Market opportunity by Technology ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
- Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)

7.2 Comparison by End-user
- Exhibit 46: Chart on Comparison by End-user
- Exhibit 47: Data Table on Comparison by End-user

7.3 Industrial - Market size and forecast 2023-2028
- Exhibit 48: Chart on Industrial - Market size and forecast 2023-2028 ($ billion)
- Exhibit 49: Data Table on Industrial - Market size and forecast 2023-2028 ($ billion)
- Exhibit 50: Chart on Industrial - Year-over-year growth 2023-2028 (%)
- Exhibit 51: Data Table on Industrial - Year-over-year growth 2023-2028 (%)

7.4 Residential and commercial - Market size and forecast 2023-2028
- Exhibit 52: Chart on Residential and commercial - Market size and forecast 2023-2028 ($ billion)
- Exhibit 53: Data Table on Residential and commercial - Market size and forecast 2023-2028 ($ billion)
- Exhibit 54: Chart on Residential and commercial - Year-over-year growth 2023-2028 (%)
- Exhibit 55: Data Table on Residential and commercial - Year-over-year growth 2023-2028 (%)

7.5 Utilities - Market size and forecast 2023-2028
- Exhibit 56: Chart on Utilities - Market size and forecast 2023-2028 ($ billion)
- Exhibit 57: Data Table on Utilities - Market size and forecast 2023-2028 ($ billion)
- Exhibit 58: Chart on Utilities - Year-over-year growth 2023-2028 (%)
- Exhibit 59: Data Table on Utilities - Year-over-year growth 2023-2028 (%)

7.6 Market opportunity by End-user
- Exhibit 60: Market opportunity by End-user ($ billion)
- Exhibit 61: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
- Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
- Exhibit 63: Chart on Market share by geography 2023-2028 (%)
- Exhibit 64: Data Table on Market share by geography 2023-2028 (%)

9.2 Geographic comparison
- Exhibit 65: Chart on Geographic comparison
- Exhibit 66: Data Table on Geographic comparison

9.3 Europe - Market size and forecast 2023-2028
- Exhibit 67: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 68: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
- Exhibit 69: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on Europe - Year-over-year growth 2023-2028 (%)

9.4 North America - Market size and forecast 2023-2028
- Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)

9.5 APAC - Market size and forecast 2023-2028
- Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
- Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)

9.6 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
- Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

9.7 South America - Market size and forecast 2023-2028
- Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
- Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)

9.8 US - Market size and forecast 2023-2028
- Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)

9.9 Germany - Market size and forecast 2023-2028
- Exhibit 91: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on Germany - Year-over-year growth 2023-2028 (%)

9.10 China - Market size and forecast 2023-2028
- Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)

9.11 UK - Market size and forecast 2023-2028
- Exhibit 99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibit 100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
- Exhibit 101: Chart on UK - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on UK - Year-over-year growth 2023-2028 (%)

9.12 Japan - Market size and forecast 2023-2028
- Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
- Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)

9.13 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ billion)
- Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2023 and 2028

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption

11.4 Industry risks
- Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
- Exhibit 113: Vendors covered

12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification

12.3 Abengoa SA
- Exhibit 115: Abengoa SA - Overview
- Exhibit 116: Abengoa SA - Product / Service
- Exhibit 117: Abengoa SA - Key news
- Exhibit 118: Abengoa SA - Key offerings

12.4 ARANER
- Exhibit 119: ARANER - Overview
- Exhibit 120: ARANER - Product / Service
- Exhibit 121: ARANER - Key offerings

12.5 Baltimore Aircoil Co.
- Exhibit 122: Baltimore Aircoil Co. - Overview
- Exhibit 123: Baltimore Aircoil Co. - Product / Service
- Exhibit 124: Baltimore Aircoil Co. - Key offerings

12.6 Burns and McDonnell
- Exhibit 125: Burns and McDonnell - Overview
- Exhibit 126: Burns and McDonnell - Product / Service
- Exhibit 127: Burns and McDonnell - Key offerings

12.7 Caldwell Energy Co.
- Exhibit 128: Caldwell Energy Co. - Overview
- Exhibit 129: Caldwell Energy Co. - Product / Service
- Exhibit 130: Caldwell Energy Co. - Key offerings

12.8 CALMAC
- Exhibit 131: CALMAC - Overview
- Exhibit 132: CALMAC - Product / Service
- Exhibit 133: CALMAC - Key offerings

12.9 Comfort Systems USA Inc.
- Exhibit 134: Comfort Systems USA Inc. - Overview
- Exhibit 135: Comfort Systems USA Inc. - Product / Service
- Exhibit 136: Comfort Systems USA Inc. - Key offerings

12.10 DN Tanks Inc.
- Exhibit 137: DN Tanks Inc. - Overview
- Exhibit 138: DN Tanks Inc. - Product / Service
- Exhibit 139: DN Tanks Inc. - Key offerings

12.11 Dunham-Bush Holding Bhd
- Exhibit 140: Dunham-Bush Holding Bhd - Overview
- Exhibit 141: Dunham-Bush Holding Bhd - Product / Service
- Exhibit 142: Dunham-Bush Holding Bhd - Key offerings

12.12 EVAPCO Inc.
- Exhibit 143: EVAPCO Inc. - Overview
- Exhibit 144: EVAPCO Inc. - Product / Service
- Exhibit 145: EVAPCO Inc. - Key offerings

12.13 Goss Engineering
- Exhibit 146: Goss Engineering - Overview
- Exhibit 147: Goss Engineering - Product / Service
- Exhibit 148: Goss Engineering - Key offerings

12.14 HTS
- Exhibit 149: HTS - Overview
- Exhibit 150: HTS - Product / Service
- Exhibit 151: HTS - Key offerings

12.15 McDermott International Ltd.
- Exhibit 152: McDermott International Ltd. - Overview
- Exhibit 153: McDermott International Ltd. - Product / Service
- Exhibit 154: McDermott International Ltd. - Key news
- Exhibit 155: McDermott International Ltd. - Key offerings

12.16 SENER GRUPO DE INGENIERIA SA
- Exhibit 156: SENER GRUPO DE INGENIERIA SA - Overview
- Exhibit 157: SENER GRUPO DE INGENIERIA SA - Product / Service
- Exhibit 158: SENER GRUPO DE INGENIERIA SA - Key offerings

12.17 Thermofin
- Exhibit 159: Thermofin - Overview
- Exhibit 160: Thermofin - Product / Service
- Exhibit 161: Thermofin - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist
- Exhibit 162: Inclusions checklist
- Exhibit 163: Exclusions checklist

13.3 Currency conversion rates for US$
- Exhibit 164: Currency conversion rates for US$

13.4 Research methodology
- Exhibit 165: Research methodology
- Exhibit 166: Validation techniques employed for market sizing
- Exhibit 167: Information sources

13.5 List of abbreviations
- Exhibit 168: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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