Ice Storage System Market Review: Long-Term Opportunity Vs. Short-Term Challenges

Ice Storage System Market Latest Edition Published with Forecast to 2030
The article cited AMA's Global Ice Storage System Market Study explored significant growth with CAGR of 20.3%. According to the report, Rising Adoption of Glycol-Based Ice Storage Systems is one of the primary growth factors for the market. Rising Demand From Residential & Commercial Buildings Because Of The Stored Ice Is Then Used To Cool The Building Occupants The Next Day is also expected to contribute significantly to the Ice Storage System market. Overall, applications of Ice Storage System, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. New players are beginning to enter the market and established companies have been changing their business models – a trend that will continue in the future.

AMA’s Analyst on the Global Ice Storage System Market identified that the demand is rising in many different parts of the world due to "Increase the Share of Renewable Energy Sources in Numerous Fields". Furthermore, some recent industry insights like "In February 2019, Ice Energy, a leading provider of distributed thermal energy storage solutions, has completed the first phase of what will be the largest installation of its Ice Bear systems in the U.S., under a 21.6-megawatt energy storage contract with Southern California Edison." is constantly making the industry dynamic. One of the challenges that industry facing is "Rising Problems of Corrosion with Ice Storage Container"

The Technology, such as Sensible, is boosting the Ice Storage System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The End-Users, such as Industrial, is boosting the Ice Storage System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Material Type, such as Water, is boosting the Ice Storage System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Ice Storage System market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Ice Storage System market and other related sub-markets covered in the study.

o Key & emerging players in the Ice Storage System market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Ice Storage System market size is calculated using market estimation process, the Ice Storage System market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Ice Storage System market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager