Thermal Energy Storage Market

1
Thermal EnergyStorage Market
2
The thermal storage market is projected to grow
at a CAGR of 11.0 from 2017 to 2022
The thermal energy storage market is projected to
reach USD 6.20 billion by 2022, growing at a CAGR
of 11.0 from 2017 to 2022. Rising momentum of
renewable energy generation (concentrated solar
power), increasing demand for Thermal Energy
Storage (TES) in HVAC for district heating
cooling, and process heating cooling are
expected to drive the TES market. On the other
hand, high grid interconnection barriers and lack
of technical expertise are the major restraints
of the global thermal energy storage market.
3
(No Transcript)
4
The sensible heat segment is expected togrow at
the fastest CAGR from 2017 to 2022
Sensible heat based thermal energy storage has
maximum share in the total thermal energy storage
market. The most widely commercially used storage
material for sensible heat storage medium is
water, which is economical to operate and has a
number of residential and industrial
applications. With regards to technology, the
sensible heat segment is estimated to grow at the
fastest CAGR during the forecast period. The
market is driven by increasing demand for
renewable power, such as Concentrating Solar
Power (CSP) plants, in the Middle East Africa.
Latent heat storage of thermal energy held the
second highest market size in the total thermal
energy storage market by technology.
5
The district heating and cooling segment is
expected togrow at the fastest CAGR from 2017 to
2022
Variations in electricity demand for district
heating and cooling applications can be seen
during the day. TES systems play a significant
role in storing unused and waste energy to be
used during deficit periods. This helps in
exploiting the total energy over a period without
the use of excess fossil fuels. They would reduce
the district heating carbon footprint
drastically. It is driven by technological
advancement in the production of cost-effective
storage material and growing demand for CSP
systems.
6
Research Coverage
The report provides a picture on the thermal
energy storage market across different industry
verticals and regions. It aims at estimating the
market size and future growth potential of this
market across different segments, such as system
type, end-user, power rating, and region.
Furthermore, the report also includes an in-depth
competitive analysis of the key players in the
market along with their company profiles, SWOT
analysis, recent developments, and key market
strategies.
7
Why buy this report?

• The report identifies and addresses key markets
  for thermal energy storage, which is useful for
  suppliers to review the growth in demand for the
  product
• The report helps solution providers to understand
  the pulse of the market and provide insights on
  drivers, restraints, and challenges.
• The report will help key players to better
  understand the competition strategies and will
  further help in making strategic decisions.

8
Key Benefits of Buying the Report
The report will help the market leaders or new
entrants in this market by providing them the
closest approximations of revenue numbers for the
overall thermal energy storage market and the sub
segments. This report will help stakeholders to
better understand the competitor landscape gain
more insights to better position their businesses
and make suitable go to market strategies. The
report also helps the stakeholders to understand
the pulse of the market and provides them
information on key market drivers, restraints,
challenges, and opportunities.
9
Full Report
Thermal EnergyStorage Market
Contact us atBharat Book Bureau Tel 91 22
27810772 / 27810773 Email poonam_at_bharatbook.com O
ur Blog https//www.bharatbook.com/blog/
Twitter https//twitter.com/researchbook
Facebook https//www.facebook.com/BharatBook3B
LinkedIn http//www.linkedin.com/company/bharat-
book-bureau