1 INTRODUCTION 32
1.1 STUDY OBJECTIVES 32
1.2 DEFINITION 32
1.3 INCLUSIONS AND EXCLUSIONS 33
1.3.1 THERMAL ENERGY STORAGE MARKET: INCLUSIONS AND EXCLUSIONS 33
1.4 MARKET SCOPE 33
1.4.1 MARKET SEGMENTATION 33
1.4.2 REGIONS COVERED 34
1.4.3 YEARS CONSIDERED 34
1.5 CURRENCY 35
1.6 LIMITATIONS 35
1.7 STAKEHOLDERS 35
1.8 SUMMARY OF CHANGES 36

2 RESEARCH METHODOLOGY 37
2.1 RESEARCH DATA 37
FIGURE 1 THERMAL ENERGY STORAGE MARKET: RESEARCH DESIGN 37
2.2 MARKET BREAKDOWN AND DATA TRIANGULATION 38
FIGURE 2 DATA TRIANGULATION METHODOLOGY 38
2.2.1 SECONDARY DATA 39
2.2.1.1 Key data from secondary sources 39
2.2.2 PRIMARY DATA 39
2.2.2.1 Key data from primary sources 40
2.2.2.2 Breakdown of primaries 40
TABLE 1 THERMAL ENERGY STORAGE MARKET: PLAYERS/COMPANIES CONNECTED 41
2.3 SCOPE 41
FIGURE 3 MAIN METRICS CONSIDERED IN ASSESSING DEMAND FOR THERMAL ENERGY STORAGE MARKET 42
2.4 MARKET SIZE ESTIMATION 42
2.4.1 BOTTOM-UP APPROACH 43
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH 43
2.4.2 TOP-DOWN APPROACH 43
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 43
2.4.3 IDEAL DEMAND-SIDE ANALYSIS 44
2.4.3.1 Assumptions 44
2.4.3.2 Limitations 45
2.4.3.3 Calculation 45
2.4.4 FORECAST 45
2.4.5 SUPPLY-SIDE ANALYSIS 46
FIGURE 6 MAIN METRICS CONSIDERED IN ASSESSING SUPPLY FOR THERMAL ENERGY STORAGE MARKET 46
2.4.5.1 Calculation 46
2.4.5.2 Assumptions 47
FIGURE 7 INDUSTRY CONCENTRATION, 2019 47
2.5 PRIMARY INSIGHTS 47

3 EXECUTIVE SUMMARY 48
3.1 SCENARIO ANALYSIS 49
FIGURE 8 SCENARIO ANALYSIS: THERMAL ENERGY STORAGE, 2018-2025 49
3.1.1 OPTIMISTIC SCENARIO 49
3.1.2 REALISTIC SCENARIO 50
3.1.3 PESSIMISTIC SCENARIO 50
TABLE 2 THERMAL ENERGY STORAGE MARKET SNAPSHOT 51
FIGURE 9 AMERICAS TO GROW AT HIGHEST CAGR IN THERMAL ENERGY STORAGE MARKET DURING FORECAST PERIOD 52
FIGURE 10 LATENT HEAT STORAGE SEGMENT TO GROW AT HIGHEST CAGR IN THERMAL ENERGY STORAGE MARKET DURING FORECAST PERIOD 52
FIGURE 11 MOLTEN SALTS SEGMENT TO CONTINUE TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD 53
FIGURE 12 POWER GENERATION SEGMENT TO WITNESS FASTEST GROWTH IN THERMAL ENERGY STORAGE MARKET DURING FORECAST PERIOD 53
FIGURE 13 UTILITIES SEGMENT TO WITNESS FASTEST GROWTH IN THERMAL ENERGY STORAGE MARKET DURING FORECAST PERIOD 54

4 PREMIUM INSIGHTS 55
4.1 ATTRACTIVE OPPORTUNITIES IN THERMAL ENERGY STORAGE MARKET 55
FIGURE 14 DECENTRALIZATION OF RENEWABLE ENERGY SECTOR TO DRIVE THERMAL ENERGY STORAGE MARKET DURING FORECAST PERIOD 55
4.2 THERMAL ENERGY STORAGE MARKET, BY TECHNOLOGY 56
FIGURE 15 SENSIBLE HEAT STORAGE SEGMENT TO DOMINATE THERMAL ENERGY STORAGE MARKET, BY TECHNOLOGY, DURING FORECAST PERIOD 56
4.3 THERMAL ENERGY STORAGE MARKET, BY STORAGE MATERIAL 56
FIGURE 16 MOLTEN SALTS SEGMENT CAPTURED LARGEST SHARE OF THERMAL ENERGY STORAGE MARKET IN 2019 56
4.4 THERMAL ENERGY STORAGE MARKET, BY APPLICATION 57
FIGURE 17 DISTRICT HEATING & COOLING SEGMENT CAPTURED LARGEST SHARE OF THERMAL ENERGY STORAGE MARKET IN 2019 57
4.5 THERMAL ENERGY STORAGE MARKET, BY END USER 57
FIGURE 18 UTILITIES SEGMENT COMMANDED LARGEST SHARE OF THERMAL ENERGY STORAGE MARKET IN 2019 57
4.6 THERMAL ENERGY STORAGE MARKET, BY REGION 58
FIGURE 19 THERMAL ENERGY STORAGE MARKET IN AMERICAS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 58
4.7 THERMAL ENERGY STORAGE MARKET IN AMERICAS, BY END USER & COUNTRY 59
FIGURE 20 UTILITIES SEGMENT AND US DOMINATED THERMAL ENERGY STORAGE MARKET IN AMERICAS IN 2019 59

5 MARKET OVERVIEW 60
5.1 INTRODUCTION 60
5.2 YC SHIFT 60
5.3 COVID-19 HEALTH ASSESSMENT 61
FIGURE 21 COVID-19: GLOBAL PROPAGATION 61
FIGURE 22 COVID-19 PROPAGATION IN SELECT COUNTRIES 62
5.4 ROAD TO RECOVERY 63
FIGURE 23 RECOVERY ROAD FOR 2020 63
5.5 COVID-19 ECONOMIC ASSESSMENT 64
FIGURE 24 REVISED GDP FORECAST FOR SELECT G20 COUNTRIES IN 2020 64
5.6 MARKET DYNAMICS 65
FIGURE 25 THERMAL ENERGY STORAGE MARKET: MARKET DYNAMICS 65
5.6.1 DRIVERS 65
5.6.1.1 Demand for energy storage for supplementing ever-increasing solar energy generation 65
FIGURE 26 CHANGE IN RENEWABLE ENERGY GENERATION, BY SOURCE, 2017 VS 2018 66
TABLE 3 CSP TOWER PROJECTS WITH STORAGE IN 2017 66
5.6.1.2 Increasing HVAC applications fueling demand for thermal energy storage 67
5.6.1.3 Promotion of TES by governments and other regulatory authorities 68
5.6.2 RESTRAINTS 68
5.6.2.1 High grid connection barriers related to thermal energy storage 68
5.6.2.2 Competition from battery storage and pumped-storage technologies 69
TABLE 4 COST COMPARISON OF VARIOUS STORAGE TECHNOLOGIES 69
5.6.3 OPPORTUNITIES 69
5.6.3.1 Decentralization of renewable energy sector 69
5.6.3.2 Increasing use of molten salts for CSP plants 70
5.6.4 CHALLENGES 70
5.6.4.1 High initial costs, along with changing costs by technology 70
5.7 VALUE CHAIN ANALYSIS 71
FIGURE 27 THERMAL ENERGY STORAGE: VALUE CHAIN 71
5.7.1 PROJECT DEVELOPMENT 72
5.7.2 PROCUREMENT OF MATERIALS 72
5.7.3 PROCUREMENT OF COMPONENTS 72
5.7.4 PLANT ENGINEERING & CONSTRUCTION 72
5.7.5 OPERATION 72
5.7.6 DISTRIBUTION 72
5.8 AVERAGE SELLING PRICE 72
TABLE 5 THERMAL ENERGY STORAGE UNIT CAPITAL COST, BY TECHNOLOGY (USD/KWH) 73
5.9 MARKET INTERCONNECTION 73
5.10 CASE STUDY ANALYSIS 74
5.10.1 CRESCENT DUNES USES MOLTEN SALT STORAGE FOR SOLAR POWER TOWER CSP 74
TABLE 6 CRESCENT DUNES PROJECT STATISTICS 74
5.10.2 SUPCON DELINGHA 50MW MOLTEN SALT TOWER CSP USES SOLAR POWER TOWER CSP FOR UTILITIES 74
TABLE 7 SUPCON DELINGHA PROJECT STATISTICS 75

6 IMPACT OF COVID-19 ON THERMAL ENERGY STORAGE MARKET, SCENARIO ANALYSIS, BY REGION 76
6.1 INTRODUCTION 76
6.1.1 IMPACT OF COVID-19 ON GDP 76
TABLE 8 GDP ANALYSIS (%) 76
6.1.2 SCENARIO ANALYSIS OF GLOBAL POWER SECTOR 77
FIGURE 28 ANNUAL AVERAGE GROWTH RATE OF ELECTRICITY DEMAND, 2017-2020 77
6.1.3 OPTIMISTIC SCENARIO 78
TABLE 9 OPTIMISTIC SCENARIO: THERMAL ENERGY STORAGE MARKET, BY REGION, 2018-2025 (USD THOUSAND) 78
6.1.4 REALISTIC SCENARIO 78
TABLE 10 REALISTIC SCENARIO: THERMAL ENERGY STORAGE MARKET, BY REGION, 2018-2025 (USD THOUSAND) 79
6.1.5 PESSIMISTIC SCENARIO 79
TABLE 11 PESSIMISTIC SCENARIO: THERMAL ENERGY STORAGE MARKET, BY REGION, 2018-2025 (USD THOUSAND) 79

7 THERMAL ENERGY STORAGE MARKET, BY TECHNOLOGY 80
7.1 INTRODUCTION 81
TABLE 12 TECHNOLOGY COMPARISON 81
FIGURE 29 SENSIBLE HEAT SEGMENT IS EXPECTED TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF THERMAL ENERGY STORAGE MARKET DURING FORECAST PERIOD 82
TABLE 13 THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 82
7.2 SENSIBLE HEAT STORAGE TECHNOLOGY 83
7.2.1 HIGH DEMAND FOR MOLTEN SALTS FOR THERMAL ENERGY STORAGE IS DRIVING SENSIBLE HEAT STORAGE TECHNOLOGY DEMAND 83
TABLE 14 LIST OF STORAGE MATERIALS FOR SENSIBLE HEAT STORAGE 83
TABLE 15 SENSIBLE HEAT STORAGE: THERMAL ENERGY STORAGE MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND) 84
7.3 LATENT HEAT STORAGE TECHNOLOGY 84
7.3.1 DEVELOPMENT OF PHASE CHANGE MATERIALS IS LIKELY TO DRIVE MARKET 84
TABLE 16 LIST OF STORAGE MATERIALS FOR LATENT HEAT STORAGE 85
TABLE 17 LATENT HEAT STORAGE: THERMAL ENERGY STORAGE MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND) 85
7.4 THERMOCHEMICAL STORAGE TECHNOLOGY 85
7.4.1 US OFFERS HIGH POTENTIAL FOR GROWTH OF THERMOCHEMICAL STORAGE TECHNOLOGY 85
TABLE 18 THERMOCHEMICAL STORAGE: THERMAL ENERGY STORAGE MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND) 86

8 THERMAL ENERGY STORAGE MARKET, BY STORAGE MATERIAL 87
8.1 INTRODUCTION 88
FIGURE 30 MOLTEN SALTS SEGMENT IS EXPECTED TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF THERMAL ENERGY STORAGE MARKET DURING 2020-2025 88
TABLE 19 THERMAL ENERGY STORAGE MARKET SIZE, BY STORAGE MATERIAL, 2018-2025 (USD THOUSAND) 88
8.2 WATER 89
8.2.1 WATER-BASED THERMAL ENERGY STORAGE SYSTEMS REQUIRE LOW INVESTMENT 89
TABLE 20 WATER: THERMAL ENERGY STORAGE MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND) 89
8.3 MOLTEN SALT 90
8.3.1 LITHIUM SALTS 90
8.3.1.1 Good thermophysical properties and low costs of lithium salts make them more demandable for CSP thermal plants 90
8.3.2 POTASSIUM SALTS 90
8.3.2.1 Binary and ternary salts, including potassium nitrate, make good storage materials for thermal energy storage 90
TABLE 21 MOLTEN SALT: THERMAL ENERGY STORAGE MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND) 91
8.4 PHASE CHANGE MATERIALS (PCM) 91
8.4.1 PCMS ENABLE TARGET-ORIENTED DISCHARGING TEMPERATURES 91
TABLE 22 PHASE CHANGE MATERIALS: THERMAL ENERGY STORAGE MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND) 92
8.5 OTHERS 92
TABLE 23 OTHERS: THERMAL ENERGY STORAGE MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND) 92

9 THERMAL ENERGY STORAGE MARKET, BY APPLICATION 93
9.1 INTRODUCTION 94
FIGURE 31 DISTRICT HEATING & COOLING SEGMENT IS EXPECTED TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF THERMAL ENERGY STORAGE MARKET DURING 2020-2025 94
TABLE 24 THERMAL ENERGY STORAGE MARKET SIZE, BY APPLICATION, 2018-2025 (USD THOUSAND) 94
9.2 POWER GENERATION 95
9.2.1 UPCOMING CSP PROJECTS TO DRIVE POWER GENERATION APPLICATION OF THERMAL ENERGY STORAGE 95
TABLE 25 POWER GENERATION: THERMAL ENERGY STORAGE MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND) 95
9.3 DISTRICT HEATING & COOLING 96
9.3.1 EVOLVING SMART CITY CONCEPT AND HVAC APPLICATIONS IN MIDDLE EAST AND EUROPEAN COUNTRIES IS DRIVING MARKET GROWTH 96
TABLE 26 DISTRICT HEATING & COOLING: THERMAL ENERGY STORAGE MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND) 96
9.4 PROCESS HEATING & COOLING 97
9.4.1 INCREASING DEMAND FOR THERMAL ENERGY STORAGE TO PROVIDE HEATING AND COOLING SOLUTIONS FOR ENERGY-INTENSIVE INDUSTRIES IS FUELING MARKET GROWTH 97
TABLE 27 PROCESS HEATING & COOLING: THERMAL ENERGY STORAGE MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND) 97

10 THERMAL ENERGY STORAGE MARKET, BY END USER 98
10.1 INTRODUCTION 99
FIGURE 32 UTILITIES SEGMENT IS EXPECTED TO CONTINUE TO DOMINATE THERMAL ENERGY STORAGE MARKET DURING FORECAST PERIOD 99
TABLE 28 THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 99
10.2 UTILITIES 100
10.2.1 INCREASING FOCUS ON POWER LOAD MANAGEMENT DURING PEAK HOURS IS DRIVING DEMAND FROM UTILITIES 100
TABLE 29 UTILITIES: THERMAL ENERGY STORAGE MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND) 100
10.3 COMMERCIAL 100
10.3.1 THERMAL ENERGY STORAGE SYSTEMS ARE USED FOR HVAC APPLICATIONS IN COMMERCIAL SECTOR 100
TABLE 30 COMMERCIAL: THERMAL ENERGY STORAGE MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND) 101
10.4 INDUSTRIAL 101
10.4.1 HIGH VOLUMES OF WASTE HEAT GENERATED IN INDUSTRIES IS ENCOURAGING USE OF TES SYSTEMS FOR PROCESS HEATING & COOLING APPLICATIONS 101
TABLE 31 INDUSTRIAL: THERMAL ENERGY STORAGE MARKET SIZE, BY REGION, 2018-2025 (USD THOUSAND) 102

11 THERMAL ENERGY STORAGE MARKET, BY REGION 103
11.1 INTRODUCTION 104
FIGURE 33 REGIONAL SNAPSHOT: MARKET IN AMERICAS IS EXPECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 104
FIGURE 34 THERMAL ENERGY STORAGE MARKET SHARE (VALUE), BY REGION, 2020 & 2025 105
TABLE 32 THERMAL ENERGY STORAGE MARKET, CAPACITY, BY REGION, 2018-2025 (MWH) 105
TABLE 33 THERMAL ENERGY STORAGE MARKET, BY REGION, 2018-2025 (USD THOUSAND) 105
11.2 EUROPE 106
11.2.1 IMPACT OF COVID-19 ON THERMAL ENERGY STORAGE MARKET IN EUROPE 106
FIGURE 35 REGIONAL SNAPSHOT: EUROPE 107
11.2.2 EUROPE: THERMAL ENERGY STORAGE MARKET, SCENARIO ANALYSIS, 2018-2025 108
TABLE 34 EUROPE: THERMAL ENERGY STORAGE MARKET, SCENARIO ANALYSIS, 2018-2025 (USD THOUSAND) 108
11.2.3 BY TECHNOLOGY 108
TABLE 35 EUROPE: THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 108
11.2.3.1 Sensible heat storage technology, by country 108
TABLE 36 SENSIBLE HEAT STORAGE: EUROPE THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 108
11.2.3.2 Latent heat storage technology, by country 109
TABLE 37 LATENT HEAT STORAGE: EUROPE THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 109
11.2.3.3 Thermochemical storage, by country 109
TABLE 38 THERMOCHEMICAL STORAGE: EUROPE THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 109
11.2.4 BY STORAGE MATERIAL 109
TABLE 39 EUROPE: THERMAL ENERGY STORAGE MARKET SIZE, BY STORAGE MATERIAL, 2018-2025 (USD THOUSAND) 109
11.2.5 BY APPLICATION 110
TABLE 40 EUROPE: THERMAL ENERGY STORAGE MARKET SIZE, BY APPLICATION, 2018-2025 (USD THOUSAND) 110
11.2.6 BY END USER 110
TABLE 41 EUROPE: THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 110
11.2.6.1 Utilities, by country 110
TABLE 42 UTILITIES: EUROPE THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 110
11.2.6.2 Commercial, by country 111
TABLE 43 COMMERCIAL: EUROPE THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 111
11.2.6.3 Industrial, by country 111
TABLE 44 INDUSTRIAL: EUROPE THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 111
11.2.7 BY COUNTRY 112
TABLE 45 EUROPE THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 112
11.2.7.1 Spain 112
11.2.7.1.1 High demand from utilities for low-cost CSP plus storage solutions is driving market 112
TABLE 46 SPAIN THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 113
TABLE 47 SPAIN THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 113
11.2.7.2 France 113
11.2.7.2.1 High demand for thermal energy storage for heating & cooling applications drives market in France 113
TABLE 48 FRANCE THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 114
TABLE 49 FRANCE THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 114
11.2.7.3 Germany 114
11.2.7.3.1 Government initiatives to increase share of renewables in power generation mix will drive market in Germany 114
TABLE 50 GERMANY THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 115
TABLE 51 GERMANY THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 115
11.2.7.4 UK 115
11.2.7.4.1 High focus on decarbonization of heat is driving market growth in UK 115
TABLE 52 UK THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 116
TABLE 53 UK THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 116
11.2.7.5 Italy 116
11.2.7.5.1 Increased demand for molten salts and demand for energy storage in Italy is fueling market growth 116
TABLE 54 ITALY THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 117
TABLE 55 ITALY THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 117
11.2.7.6 Rest of Europe 117
TABLE 56 REST OF EUROPE THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 117
TABLE 57 REST OF EUROPE THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 118
11.3 AMERICAS 118
FIGURE 36 REGIONAL SNAPSHOT: AMERICAS 119
11.3.1 IMPACT OF COVID-19 ON THERMAL ENERGY STORAGE MARKET IN AMERICAS 119
11.3.2 AMERICAS: THERMAL ENERGY STORAGE MARKET, SCENARIO ANALYSIS, 2018-2025 120
TABLE 58 AMERICAS: THERMAL ENERGY STORAGE MARKET, SCENARIO ANALYSIS, 2018-2025 (USD THOUSAND) 120
11.3.3 BY TECHNOLOGY 120
TABLE 59 AMERICAS: THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 120
11.3.3.1 Sensible heat storage technology, by country 120
TABLE 60 SENSIBLE HEAT STORAGE: AMERICAS THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 120
11.3.3.2 Latent heat storage technology, by country 121
TABLE 61 LATENT HEAT STORAGE: AMERICAS THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 121
11.3.3.3 Thermochemical storage, by country 121
TABLE 62 THERMOCHEMICAL STORAGE: AMERICAS THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 121
11.3.4 BY STORAGE MATERIAL 121
TABLE 63 AMERICAS: THERMAL ENERGY STORAGE MARKET SIZE, BY STORAGE MATERIAL, 2018-2025 (USD THOUSAND) 121
11.3.5 BY APPLICATION 122
TABLE 64 AMERICAS: THERMAL ENERGY STORAGE MARKET SIZE, BY APPLICATION, 2018-2025 (USD THOUSAND) 122
11.3.6 BY END USER 122
TABLE 65 AMERICAS: THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 122
11.3.6.1 Utilities, by country 122
TABLE 66 UTILITIES: AMERICAS THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 122
11.3.6.2 Commercial, by country 123
TABLE 67 COMMERCIAL: AMERICAS THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 123
11.3.6.3 Industrial, by country 123
TABLE 68 INDUSTRIAL: AMERICAS THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 123
11.3.7 BY COUNTRY 123
TABLE 69 AMERICAS: THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 123
11.3.7.1 US 124
11.3.7.1.1 High investments in solar thermal storage and planned CSP power generation is likely to drive market in the US 124
TABLE 70 US THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 125
TABLE 71 US THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 125
11.3.7.2 Canada 125
11.3.7.2.1 Steadily integration of solar power in overall generation mix is likely to bring opportunities for thermal energy storage market in Canada 125
TABLE 72 CANADA THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 126
TABLE 73 CANADA THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 126
11.3.7.3 Chile 126
11.3.7.3.1 Potential to supply molten salts fostering thermal energy storage market growth in Chile 126
TABLE 74 CHILE THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 127
TABLE 75 CHILE THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 127
11.3.7.4 Rest of Americas 127
TABLE 76 REST OF AMERICAS THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 128
TABLE 77 REST OF AMERICAS THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 128
11.4 MIDDLE EAST & AFRICA 129
11.4.1 IMPACT OF COVID-19 ON MIDDLE EAST & AFRICA THERMAL ENERGY STORAGE MARKET 129
11.4.2 MIDDLE EAST & AFRICA: THERMAL ENERGY STORAGE MARKET, SCENARIO ANALYSIS, 2018-2025 129
TABLE 78 MIDDLE EAST & AFRICA: THERMAL ENERGY STORAGE MARKET, SCENARIO ANALYSIS, 2018-2025 (USD THOUSAND) 129
11.4.3 BY TECHNOLOGY 130
TABLE 79 MIDDLE EAST & AFRICA: THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 130
11.4.3.1 Sensible heat storage technology, by country 130
TABLE 80 SENSIBLE HEAT STORAGE: MIDDLE EAST & AFRICA THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 130
11.4.3.2 Latent heat storage technology, by country 130
TABLE 81 LATENT HEAT STORAGE: MIDDLE EAST & AFRICA THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 130
11.4.3.3 Thermochemical storage, by country 131
TABLE 82 THERMOCHEMICAL STORAGE: MIDDLE EAST & AFRICA THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 131
11.4.4 BY STORAGE MATERIAL 131
TABLE 83 MIDDLE EAST & AFRICA: THERMAL ENERGY STORAGE MARKET SIZE, BY STORAGE MATERIAL, 2018-2025 (USD THOUSAND) 131
11.4.5 BY APPLICATION 131
TABLE 84 MIDDLE EAST & AFRICA: THERMAL ENERGY STORAGE MARKET SIZE, BY APPLICATION, 2018-2025 (USD THOUSAND) 131
11.4.6 BY END USER 132
TABLE 85 MIDDLE EAST & AFRICA: THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 132
11.4.6.1 Utilities, by country 132
TABLE 86 UTILITIES: MIDDLE EAST & AFRICA THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 132
11.4.6.2 Commercial, by country 132
TABLE 87 COMMERCIAL: MIDDLE EAST & AFRICA THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 132
11.4.6.3 Industrial, by country 133
TABLE 88 INDUSTRIAL: MIDDLE EAST & AFRICA THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 133
11.4.7 BY COUNTRY 133
TABLE 89 MIDDLE EAST & AFRICA: THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 133
11.4.7.1 South Africa 133
11.4.7.1.1 Escalating power demand from mining sector to drive thermal energy storage market growth 133
TABLE 90 SOUTH AFRICA THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 134
TABLE 91 SOUTH AFRICA THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 134
11.4.7.2 UAE 134
11.4.7.2.1 Availability of inexpensive thermal storage materials, such as sand, to favor thermal energy storage capacity additions 134
TABLE 92 UAE THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 135
TABLE 93 UAE THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 135
11.4.7.3 Morocco 135
11.4.7.3.1 Growing number of CSP projects and supportive legislation to drive market in Morocco 135
TABLE 94 MOROCCO THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 136
TABLE 95 MOROCCO THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 136
11.4.7.4 Rest of Middle East & Africa 136
TABLE 96 REST OF MIDDLE EAST & AFRICA THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 137
TABLE 97 REST OF MIDDLE EAST & AFRICA THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 137
11.5 ASIA PACIFIC 137
11.5.1 IMPACT OF COVID-19 ON THERMAL ENERGY STORAGE MARKET IN ASIA PACIFIC 138
11.5.2 ASIA PACIFIC: THERMAL ENERGY STORAGE MARKET, SCENARIO ANALYSIS, 2018-2025 138
TABLE 98 ASIA PACIFIC: THERMAL ENERGY STORAGE MARKET, SCENARIO ANALYSIS, 2018-2025 (USD THOUSAND) 138
11.5.3 BY TECHNOLOGY 139
TABLE 99 ASIA PACIFIC: THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 139
11.5.3.1 Sensible heat storage technology, by country 139
TABLE 100 SENSIBLE HEAT STORAGE: ASIA PACIFIC THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 139
11.5.3.2 Latent heat storage technology, by country 139
TABLE 101 LATENT HEAT STORAGE: ASIA PACIFIC THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 139
11.5.3.3 Thermochemical storage, by country 139
TABLE 102 THERMOCHEMICAL STORAGE: ASIA PACIFIC THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 139
11.5.4 BY STORAGE MATERIAL 140
TABLE 103 ASIA PACIFIC: THERMAL ENERGY STORAGE MARKET SIZE, BY STORAGE MATERIAL, 2018-2025 (USD THOUSAND) 140
11.5.5 BY APPLICATION 140
TABLE 104 ASIA PACIFIC: THERMAL ENERGY STORAGE MARKET SIZE, BY APPLICATION, 2018-2025 (USD THOUSAND) 140
11.5.6 BY END USER 140
TABLE 105 ASIA PACIFIC: THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 140
11.5.6.1 Utilities, by country 141
TABLE 106 UTILITIES: ASIA PACIFIC THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 141
11.5.6.2 Commercial, by country 141
TABLE 107 COMMERCIAL: ASIA PACIFIC THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 141
11.5.6.3 Industrial, by country 141
TABLE 108 INDUSTRIAL: ASIA THERMAL PACIFIC ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 141
11.5.7 BY COUNTRY 142
TABLE 109 ASIA PACIFIC: THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018-2025 (USD THOUSAND) 142
11.5.7.1 China 142
11.5.7.1.1 Increasing focus on CSP for hedging carbon emissions and meeting peak hours demand is driving thermal energy storage market in China 142
TABLE 110 CHINA THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 143
TABLE 111 CHINA THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 143
11.5.7.2 India 144
11.5.7.2.1 Focus on renewable energy generation capacity additions will support thermal energy storage technologies in India 144
TABLE 112 INDIA THERMAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 144
TABLE 113 INDIA THERMAL ENERGY STORAGE MARKET, BY END USER, 2018-2025 (USD THOUSAND) 145
11.5.7.3 Australia 145
11.5.7.3.1 Initiation of ARENA-funded thermal energy storage projects is fostering market growth in Australia 145
TABLE 114 AUSTRALIA THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 146
TABLE 115 AUSTRALIA THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 146
11.5.7.4 Rest of Asia Pacific 146
TABLE 116 REST OF ASIA PACIFIC THERMAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2018-2025 (USD THOUSAND) 147
TABLE 117 REST OF ASIA PACIFIC THERMAL ENERGY STORAGE MARKET SIZE, BY END USER, 2018-2025 (USD THOUSAND) 147

12 COMPETITIVE LANDSCAPE 148
12.1 OVERVIEW 148
FIGURE 37 KEY DEVELOPMENTS IN GLOBAL THERMAL ENERGY STORAGE MARKET, 2017-AUGUST 2020 148
12.2 MARKET EVALUATION FRAMEWORK 149
FIGURE 38 MARKET EVALUATION FRAMEWORK: CONTRACTS & AGREEMENTS HAVE FUELED GROWTH OF COMPANIES FROM 2017 TO 2020 149
12.3 INDUSTRY CONCENTRATION, 2019 149
FIGURE 39 INDUSTRY CONCENTRATION, 2019 150
12.3.1 CONTRACTS & AGREEMENTS 150
12.3.2 INVESTMENTS & EXPANSION 151
12.4 COMPANY EVALUATION MATRIX DEFINITIONS AND METHODOLOGY 151
12.4.1 STARS 151
12.4.2 EMERGING LEADERS 151
12.4.3 PERVASIVE 151
12.4.4 EMERGING COMPANIES 151
12.5 COMPANY EVALUATION MATRIX, 2019 152
FIGURE 40 THERMAL ENERGY STORAGE MARKET (GLOBAL) COMPETITIVE LEADERSHIP MAPPING, 2019 152
12.6 WINNERS VS. TAIL-ENDERS 152
12.6.1 WINNERS 152
12.6.2 TAIL ENDERS 152

13 COMPANY PROFILE 153
(Business overview, Products/solutions/services offered, Recent Developments,SWOT Analysis, MNM view)* 13.1 ABENGOA 153
FIGURE 41 ABENGOA: COMPANY SNAPSHOT 154
13.2 MAN ENERGY SOLUTIONS 157
13.3 BRIGHTSOURCE ENERGY 158
13.4 BALTIMORE AIRCOIL COMPANY 159
13.5 SOLARRESERVE 160
13.6 CALDWELL ENERGY 162
13.7 BURNS & MCDONNELL 163
13.8 CRISTOPIA ENERGY 164
13.9 CRYOGEL THERMAL ENERGY STORAGE 165
13.10 DUNHAM BUSH 166
13.11 STEFFES CORPORATION 167
13.12 TURBINE AIR SYSTEMS (TAS) 168
13.13 EVAPCO 169
13.14 CALMAC 170
13.15 CB&I (MCDERMOTT) 171
13.16 LIME 172
13.17 VOGTICE 172
13.18 SUNWELL TECHNOLOGIES 173
13.19 DC PRO ENGINEERING 173
13.20 FAFCO 174
*Details on Business overview, Products/solutions/services offered, Recent Developments,SWOT Analysis, MNM view might not be captured in case of unlisted companies. 14 ADJACENT & RELATED MARKETS 175
14.1 INTRODUCTION 175
14.2 LIMITATIONS 175
14.3 ENERGY STORAGE INTERCONNECTED MARKETS 175
14.4 CONCENTRATING SOLAR POWER (CSP) MARKET 176
14.4.1 MARKET DEFINITION 176
14.4.2 LIMITATIONS 176
14.4.3 MARKET OVERVIEW 176
14.4.4 CONCENTRATING SOLAR POWER MARKET, BY TECHNOLOGY 177
TABLE 118 CONCENTRATING SOLAR POWER MARKET, BY TECHNOLOGY, 2018-2025 (USD MILLION) 177
14.4.4.1 Solar power towers 177
TABLE 119 SOLAR POWER TOWERS: CONCENTRATING SOLAR POWER MARKET SIZE, BY REGION, 2018-2025 (USD MILLION) 178
14.4.4.2 Linear concentrating systems 178
TABLE 120 LINEAR CONCENTRATING SYSTEMS: CONCENTRATING SOLAR POWER MARKET, BY REGION, 2018-2025 (USD MILLION) 178
14.4.4.3 Stirling dish technology 179
TABLE 121 STIRLING DISH TECHNOLOGY: CONCENTRATING SOLAR POWER MARKET, BY REGION, 2018-2025 (USD MILLION) 179
14.4.5 CONCENTRATING SOLAR POWER MARKET, BY OPERATION TYPE 179
TABLE 122 CONCENTRATING SOLAR POWER MARKET, BY OPERATION TYPE, 2018-2025 (USD MILLION) 179
14.4.5.1 Stand-alone systems 180
TABLE 123 STAND-ALONE SYSTEMS: CONCENTRATING SOLAR POWER MARKET, BY REGION, 2018-2025 (USD MILLION) 180
14.4.5.2 With storage 180
TABLE 124 WITH STORAGE: CONCENTRATING SOLAR POWER MARKET, BY REGION, 2018-2025 (USD MILLION) 181
14.4.6 CONCENTRATING SOLAR POWER MARKET, BY CAPACITY 181
TABLE 125 CONCENTRATING SOLAR POWER MARKET, BY CAPACITY, 2018-2025 (USD MILLION) 181
14.4.6.1 Less than 50 MW 182
TABLE 126 LESS THAN 50 MW: CONCENTRATING SOLAR POWER MARKET, BY REGION, 2018-2025 (USD MILLION) 182
14.4.6.2 50 MW to 99 MW 182
TABLE 127 50 MW TO 99 MW: CONCENTRATING SOLAR POWER MARKET, BY REGION, 2018-2025 (USD MILLION) 182
14.4.6.3 100 MW and Above 183
TABLE 128 100 MW AND ABOVE: CONCENTRATING SOLAR POWER MARKET, BY REGION, 2018-2025 (USD MILLION) 183
14.4.7 CONCENTRATING SOLAR POWER MARKET, BY END USER 183
TABLE 129 CONCENTRATING SOLAR POWER MARKET, BY END USER, 2018-2025 (USD MILLION) 183
14.4.7.1 Utilities 184
TABLE 130 UTILITIES: CONCENTRATING SOLAR POWER MARKET, BY REGION, 2018-2025 (USD MILLION) 184
14.4.7.2 EOR 184
TABLE 131 EOR: CONCENTRATING SOLAR POWER MARKET, BY REGION, 2018-2025 (USD MILLION) 185
14.4.7.3 Others 185
TABLE 132 OTHERS: CONCENTRATING SOLAR POWER MARKET, BY REGION, 2018-2025 (USD MILLION) 185
14.4.8 CONCENTRATING SOLAR POWER MARKET, BY REGION 186
TABLE 133 GLOBAL CONCENTRATING SOLAR POWER MARKET, CAPACITY, BY REGION, 2018-2025 (IN MW) 186
TABLE 134 GLOBAL CONCENTRATING SOLAR POWER MARKET, BY REGION, 2018-2025 (USD MILLION) 186
14.5 RESIDENTIAL ENERGY STORAGE MARKET 187
14.5.1 MARKET DEFINITION 187
14.5.2 LIMITATIONS 187
14.5.3 MARKET OVERVIEW 187
14.5.4 RESIDENTIAL ENERGY STORAGE MARKET, BY POWER RATING 188
TABLE 135 RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY POWER RATING, 2017-2024 (USD MILLION) 188
14.5.4.1 3-6 kW 188
TABLE 136 3-6 KW: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017-2024 (USD MILLION) 188
14.5.4.2 6-10 kW 189
TABLE 137 6-10 KW: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017-2024 (USD MILLION) 189
14.5.5 RESIDENTIAL ENERGY STORAGE MARKET, BY TECHNOLOGY 189
TABLE 138 RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY TECHNOLOGY, 2017-2024 (USD MILLION) 190
14.5.5.1 Lithium-ion 190
TABLE 139 LITHIUM-ION: GLOBAL RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017-2024 (USD MILLION) 190
14.5.5.2 Lead-acid 191
TABLE 140 LEAD-ACID: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017-2024 (USD MILLION) 191
14.5.6 RESIDENTIAL ENERGY STORAGE MARKET, BY OWNERSHIP TYPE 191
TABLE 141 RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY OWNERSHIP TYPE, 2017-2024 (USD MILLION) 191
14.5.6.1 Customer owned 192
TABLE 142 CUSTOMER OWNED: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017-2024 (USD MILLION) 192
14.5.6.2 Utility owned 192
TABLE 143 UTILITY OWNED: RESIDENTIAL ENRGY STORAGE MARKET SIZE, BY REGION, 2017-2024 (USD MILLION) 193
14.5.6.3 Third-party owned 193
TABLE 144 THIRD-PARTY OWNED: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017-2024 (USD MILLION) 193
14.5.7 RESIDENTIAL ENERGY STORAGE MARKET, BY OPERATION TYPE 194
TABLE 145 RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY OPERATION TYPE, 2017-2024 (USD MILLION) 194
14.5.7.1 Standalone systems 194
TABLE 146 STANDALONE SYSTEMS: GLOBAL RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017-2024 (USD MILLION) 194
14.5.7.2 Solar and storage 195
TABLE 147 SOLAR AND STORAGE: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017-2024 (USD MILLION) 195
14.5.8 RESIDENTIAL ENERGY STORAGE MARKET, BY CONNECTIVITY TYPE 195
TABLE 148 RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY CONNECTIVITY TYPE, 2017-2024 (USD MILLION) 196
14.5.8.1 On-grid 196
TABLE 149 ON-GRID: GLOBAL RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017-2024 (USD MILLION) 196
14.5.8.2 Off-grid 197
TABLE 150 OFF-GRID: RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017-2024 (USD MILLION) 197
14.5.9 RESIDENTIAL ENERGY STORAGE MARKET, BY REGION 197
TABLE 151 RESIDENTIAL ENERGY STORAGE MARKET SIZE, BY REGION, 2017-2024 (USD MILLION) 198

1 INTRODUCTION 29
1.1 OBJECTIVES OF THE STUDY 29
1.2 MARKET DEFINITION 29
1.3 MARKET SCOPE 30
1.3.1 WATER TREATMENT CHEMICALS MARKET SEGMENTATION 30
1.3.2 REGIONS COVERED 30
1.3.3 YEARS CONSIDERED FOR THE STUDY 31
1.4 CURRENCY 31
1.5 UNIT CONSIDERED 31
1.6 STAKEHOLDERS 31
1.7 SUMMARY OF CHANGES 32

2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
FIGURE 1 WATER TREATMENT CHEMICALS MARKET: RESEARCH DESIGN 33
2.1.1 SECONDARY DATA 34
2.1.1.1 Key data from secondary sources 34
2.1.2 PRIMARY DATA 35
2.1.2.1 Key data from primary sources 35
2.1.2.2 Key industry insights 36
2.1.2.3 Breakdown of primary interviews 36
2.2 MARKET SIZE ESTIMATION 37
2.2.1 TOP-DOWN APPROACH 37
FIGURE 2 TOP-DOWN APPROACH 37
FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH 38
2.2.2 BOTTOM-UP APPROACH 38
FIGURE 4 BOTTOM-UP APPROACH 38
FIGURE 5 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH (DEMAND SIDE) 39
FIGURE 6 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH (SUPPLY SIDE) 39
2.3 ASSUMPTIONS 40
2.4 LIMITATIONS 40
2.5 DATA TRIANGULATION 41
FIGURE 7 WATER TREATMENT CHEMICALS MARKET: DATA TRIANGULATION 41

3 EXECUTIVE SUMMARY 42
FIGURE 8 COAGULANTS & FLOCCULANTS TO LEAD THE MARKET BY 2026 43
FIGURE 9 INDUSTRIAL SEGMENT TO BE THE LARGEST END USER OF WATER TREATMENT CHEMICALS DURING THE FORECAST PERIOD 43
FIGURE 10 NORTH AMERICA LED THE WATER TREATMENT CHEMICALS MARKET IN 2020 44