August 27, 2018 - 1:16 PM EDT
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Global Thermal Energy Storage Market Outlook to 2022 - CALMAC, DN Tanks, EnergyNest, Ice Energy, and SENER Group are Dominating the Market - ResearchAndMarkets.com

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The "Global Thermal Energy Storage Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global thermal energy storage market is forecast to grow at a CAGR of 5.85% during the period 2018-2022.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is increasing use in smart cities and smart buildings. Thermal energy storage has become a reliable source of energy, resulting in multiple installations in major cities of the world. As the concept of smart cities is gaining popularity, the dependency on fuel-based energy is expected to be eliminated.

According to the report, one driver in the market is increasing demand for CSP. Thermal storage improves the system flexibility of solar plants by extending the contribution of solar electricity generation to improve their coincidence with the normal demand. Thermal energy storage accomplishes this by reducing the constraints of ramping and minimum generation levels in CSP plants.

Further, the report states that one challenge in the market is competition from alternative sources energy storage. Electricity grids require a balance between the supply and demand at any given moment. It requires constant adjustments to the supply for predictable changes in demand, as well as unexpected changes due to equipment overloads or force majeure activities.

Market Trends

  • Increasing Use in Smart Cities & Smart Buildings
  • Change in Energy Mix

Key Vendors

  • CALMAC
  • DN Tanks
  • EnergyNest
  • Ice Energy
  • SENER Group

Key Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Technology

8. Customer Landscape

9. Regional Landscape

10. Decision Framework

11. Drivers and Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/plh8g9/global_thermal?w=4

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Related Topics: Geothermal Energy, Energy Storage


Source: Business Wire (August 27, 2018 - 1:16 PM EDT)

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