| Product Code: ETC6906540 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Cyprus experienced a significant shift in the thermal energy storage import market in 2024, with top exporters being China, Italy, UK, Germany, and USA. The market concentration, as measured by the HHI, surged from low levels in 2023 to very high levels in 2024. This rapid consolidation indicates a changing landscape in the industry. The impressive CAGR of 27.01% from 2020 to 2024 highlights the growing demand for thermal energy storage solutions in Cyprus. Moreover, the remarkable growth rate of 358.91% from 2023 to 2024 suggests a surge in import volumes and market activity within a short period.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Cyprus Thermal Energy Storage Market Overview |
3.1 Cyprus Country Macro Economic Indicators |
3.2 Cyprus Thermal Energy Storage Market Revenues & Volume, 2021 & 2031F |
3.3 Cyprus Thermal Energy Storage Market - Industry Life Cycle |
3.4 Cyprus Thermal Energy Storage Market - Porter's Five Forces |
3.5 Cyprus Thermal Energy Storage Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Cyprus Thermal Energy Storage Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Cyprus Thermal Energy Storage Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Cyprus Thermal Energy Storage Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Cyprus Thermal Energy Storage Market Trends |
6 Cyprus Thermal Energy Storage Market, By Types |
6.1 Cyprus Thermal Energy Storage Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Cyprus Thermal Energy Storage Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Cyprus Thermal Energy Storage Market Revenues & Volume, By Sensible Heat Storage, 2021- 2031F |
6.1.4 Cyprus Thermal Energy Storage Market Revenues & Volume, By Latent Heat Storage, 2021- 2031F |
6.1.5 Cyprus Thermal Energy Storage Market Revenues & Volume, By Thermochemical Heat Storage, 2021- 2031F |
6.2 Cyprus Thermal Energy Storage Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Cyprus Thermal Energy Storage Market Revenues & Volume, By Molten Salt Technology, 2021- 2031F |
6.2.3 Cyprus Thermal Energy Storage Market Revenues & Volume, By Electric Thermal Storage Heaters, 2021- 2031F |
6.2.4 Cyprus Thermal Energy Storage Market Revenues & Volume, By Solar Energy Storage, 2021- 2031F |
6.2.5 Cyprus Thermal Energy Storage Market Revenues & Volume, By Ice-based Technology, 2021- 2031F |
6.2.6 Cyprus Thermal Energy Storage Market Revenues & Volume, By Miscibility Gap Alloy Technology, 2021- 2031F |
6.3 Cyprus Thermal Energy Storage Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Cyprus Thermal Energy Storage Market Revenues & Volume, By Process Heating & Cooling, 2021- 2031F |
6.3.3 Cyprus Thermal Energy Storage Market Revenues & Volume, By District Heating & Cooling, 2021- 2031F |
6.3.4 Cyprus Thermal Energy Storage Market Revenues & Volume, By Power Generation, 2021- 2031F |
6.3.5 Cyprus Thermal Energy Storage Market Revenues & Volume, By Ice storage air-conditioning, 2021- 2031F |
6.3.6 Cyprus Thermal Energy Storage Market Revenues & Volume, By Others, 2021- 2031F |
7 Cyprus Thermal Energy Storage Market Import-Export Trade Statistics |
7.1 Cyprus Thermal Energy Storage Market Export to Major Countries |
7.2 Cyprus Thermal Energy Storage Market Imports from Major Countries |
8 Cyprus Thermal Energy Storage Market Key Performance Indicators |
9 Cyprus Thermal Energy Storage Market - Opportunity Assessment |
9.1 Cyprus Thermal Energy Storage Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Cyprus Thermal Energy Storage Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Cyprus Thermal Energy Storage Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Cyprus Thermal Energy Storage Market - Competitive Landscape |
10.1 Cyprus Thermal Energy Storage Market Revenue Share, By Companies, 2024 |
10.2 Cyprus Thermal Energy Storage Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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