Mexico Thermal Energy Storage Market Size & Outlook
Mexico thermal energy storage market, 2018-2030 (US$M)
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Mexico thermal energy storage market highlights
- The Mexico thermal energy storage market generated a revenue of USD 102.0 million in 2023 and is expected to reach USD 184.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 8.8% from 2024 to 2030.
- In terms of segment, industrial was the largest revenue generating application in 2023.
- Commercial is the most lucrative application segment registering the fastest growth during the forecast period.
Thermal energy storage market data book summary
| Market revenue in 2023 | USD 102.0 million |
| Market revenue in 2030 | USD 184.4 million |
| Growth rate | 8.8% (CAGR from 2023 to 2030) |
| Largest segment | Industrial |
| Fastest growing segment | Commercial |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Commercial, Industrial |
| Key market players worldwide | Amsted Industries, BrightSource Energy, Abengoa, Terrafore Technologies, Ice Energy, Caldwell Energy Company, Cryogel, Steffes Corporation |
Other key industry trends
- In terms of revenue, Mexico accounted for 2.0% of the global thermal energy storage market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. thermal energy storage market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 2,045.0 million by 2030.
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Thermal Energy Storage Market Scope
Thermal Energy Storage Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico thermal energy storage market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to thermal energy storage market will help companies and investors design strategic landscapes.
Industrial was the largest segment with a revenue share of 41.08% in 2023. Horizon Databook has segmented the Mexico thermal energy storage market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico government has set up ambitious goal to reduce carbon emissions by targeting to have 35% of power generation from clean energy sources by 2035 and to make it 50% by 2050.
Further, initiatives have taken by government to increase energy conservation and energy efficiency practices. These factors will result to boost the growth of thermal energy market the country in the forecast period.
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Target buyers of Mexico thermal energy storage market databook
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Our clientele includes a mix of thermal energy storage market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico thermal energy storage market , including forecasts for subscribers. This country databook contains high-level insights into Mexico thermal energy storage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico thermal energy storage market size, by application, 2018-2030 (US$M)
Mexico Thermal Energy Storage Market Outlook Share, 2023 & 2030 (US$M)
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