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Thermal Storage Tank Market Share

Report ID: GMI11224
Published Date: Sep 2024
Report Format: PDF

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Thermal Storage Tank Market Share

Global Thermal Storage Tank Company Market Share Analysis, 2023

The global thermal storage tank industry is fragmented, with major regional companies operating on a global scale. Together these companies hold a market share of 15%-20% of the total market. These companies represent a mix of thermal storage tank manufacturers, energy solution providers, and engineering firms involved in the design and implementation of thermal storage systems. They operate in various regions globally and cater to different sectors such as power generation, industrial processes, and building heating/cooling systems.

Thermal Storage Tank Market Share

Major players operating in the global thermal storage tank industry are:

A.O. Smith Corporation
Baltimore Air coil Company
Bosch Thermotechnology
Brightsource Energy, Inc.
Caldwell Energy
CALMAC Manufacturing Corporation
Calpine Corporation
Cristopia Energy Systems
Danfoss Group
DN Tanks
FAFCO, Inc.
Ice Energy Technologies, Inc.
McDermott International, Inc.
Solar Reserve, LLC
Thermax
Trane Technologies

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of thermal storage tank was worth over USD 1.6 billion in 2023 and is estimated to record a CAGR of 3.8% through 2032, due to the rising demand for renewable energy.

The water storage tank segment accounted for around 48.2% share of thermal storage tank market in 2023 and is anticipated to record a CAGR of 4.1% through 2032, as it offers solutions for efficient energy management and temperature control across various industries.

Europe market held around 37.1% revenue share in 2023 and is expected to register a CAGR of 4.1% through 2032, driven by a strong focus on renewable energy integration and energy efficiency.

Bosch Thermotechnology, Brightsource Energy, Inc., Caldwell Energy, CALMAC Manufacturing Corporation, Calpine Corporation, Cristopia Energy Systems, Danfoss Group, DN Tanks, FAFCO, Inc., and Ice Energy Technologies, Inc. among others.