Description

About thermal energy storage

Thermal energy storage technology is mainly used for accumulating thermal energy by heating or cooling a storage medium. The energy stored is normally utilized for heating and cooling applications and also for generating power. These energy storage systems are generally small-scale systems and used commonly in buildings and industrial processes. There are three types of thermal energy storage systems: sensible heat storage system, latent heat storage system, and thermochemical storage system. The main advantage of thermal energy storage systems includes reduction in peak load demand, lowering of CO2 emissions, and improvement in the overall efficiency of the energy system. Nowadays, thermal energy storage systems are being constructed in combination with the concentrated solar plants in which the heat can be stored for power production during the absence of sunlight.
Technavio's analysts forecast the global thermal energy storage market to grow at a CAGR of 18.7% over the period 2014-2019.

Covered in this report

The report covers the present scenario and the growth prospects of the global thermal energy storage market for the period 2015-2019. The report includes the segmentation of the market on the basis of technology.
Technavio's report, the Global Thermal Energy Storage Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the global thermal energy storage market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

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Key vendors

Baltimore Aircoil
Caldwell Energy
CALMAC
Chicago Bridge & Iron
Other prominent vendors

Sunwell Technologies
NEST AS

Market driver

Growing demand for uninterrupted power supply
For a full, detailed list, view our report

Market challenge

Technological challenges related to thermal energy storage system
For a full, detailed list, view our report

Market trend

Growing investment in storage technology
For a full, detailed list, view our report

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Table of Content

01. Executive Summary
02. List of Abbreviations
03. Scope of the Report
04. Market Research Methodology
05. Introduction
06. Market Landscape
07. Market Segmentation by Technology
08. Geographical Segmentation
09. Key Leading Countries
10. Buying Criteria
11. Market Growth Drivers
12. Drivers and their Impact
13. Market Challenges
14. Impact of Drivers and Challenges
15. Market Trends
16. Trends and their Impact
17. Vendor Landscape
18. Key Vendor Analysis
19. Other Reports in this Series

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