Thermal Energy Storage Market By Technology, Application and Region-Forecasts, 2024 - PowerPoint PPT Presentation

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Thermal Energy Storage Market By Technology, Application and Region-Forecasts, 2024

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Request Sample of Report @ The U.S. thermal energy storage market, in 2017 was valued over USD 6 billion. Increasing funding toward research, design and development programs coupled with high fuels costs will stimulate the industry size. In 2017, nearly 41.8 megawatts of energy storage were installed across the region accounting for 46% of year-over-year growth. Further, utilities across 14 states have deployed around 2 gigawatts of energy storage into Integrated Resource Planning (IRP). – PowerPoint PPT presentation

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Title: Thermal Energy Storage Market By Technology, Application and Region-Forecasts, 2024


1
Global Thermal Energy Storage Market to hit USD
55 Billion by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Key Insights from Thermal Energy Storage Market
  • Thermal Energy Storage Market was valued over USD
    16 billion will surpass USD 55 Billion by 2024,
    as reported in the latest study by Global Market
    Insights, Inc. Favorable government initiatives
    toward renewable energy based power generation
    along with increasing demand for uninterrupted
    power supply will augment the thermal energy
    storage market. In addition, increasing customer
    focus toward energy efficiency coupled with the
    implementation of energy storage plans will
    further complement the industry landscape.
  • Molten salt thermal energy storage market, in
    2017 was valued over USD 9 billion. Surging
    demand for large scale storage capacity across
    the industrial and commercial establishments
    along with rising deployment of CSP plants will
    increase the product penetration. Further,
    limited heat loss coupled with the ability to
    provide superheated steam are some of the
    underlying features stimulating the product
    adoption across various applications.

3
Continued...
  • Recent advancements in storage materials and
    manufacturing will improve the economics of
    storage and thus will positively influence the
    thermal energy storage market. Further,
    increasing need for technologies to accommodate
    supply and demand mismatch on account of
    improving the profitability of infrastructure
    investments will increase the product adoption.
  • The U.S. thermal energy storage market, in 2017
    was valued over USD 6 billion. Increasing funding
    toward research, design and development programs
    coupled with high fuels costs will stimulate the
    industry size. In 2017, nearly 41.8 megawatts of
    energy storage were installed across the region
    accounting for 46 of year-over-year growth.
    Further, utilities across 14 states have deployed
    around 2 gigawatts of energy storage into
    Integrated Resource Planning (IRP).

4
Europe Thermal Energy Storage Market Size, 2013 -
2024 (USD Million)

5

Browse Full Market Research Report On Thermal
Energy Storage Market _at_ https//bit.ly/2EhF831
Request for a Sample of this Research Report _at_
https//bit.ly/2zXLEJc
6
Continued...
  • Increasing focus toward grid modernization on
    account of growing energy demand, renewable
    integration and technological advancements will
    drive the thermal energy storage market size.
    Rising demand for Heating, Ventilation and Air
    Conditioning (HVAC) systems complemented by
    ongoing investments toward the infrastructure
    development will accelerate the business growth.
  • Increasing applicability across district heating
    and cooling systems along with rising demand for
    solar thermal systems will augment the sensible
    heat thermal energy storage market size. This
    storage technology will be driven by molten
    salt-based systems being installed in
    Concentrated Solar Power (CSP). Relatively
    simpler designs and rapidly decreasing levelized
    cost of electricity will accelerate the business
    growth.

7
Continued...
  • China thermal energy storage market will witness
    growth on account of high electricity prices
    along with rapid development of renewable energy
    sources. Increasing energy demand owing to high
    economic growth coupled with increasing
    investments toward energy storage will fuel the
    product penetration. In the first half of 2018,
    Jiangsu, Henan, Qinghai and Guangdong provinces
    announced the construction of energy storage
    projects with varying capacities totaling 340.5
    megawatt.
  • Eminent industry players across the thermal
    energy storage market include Abengoa Solar, Ice
    Energy, Tessol, Baltimor Aircoil Company,
    SolarReserve, TAS Energy, DN Tanks, Steffes
    Corporation, Goss Engineering, Burns McDonnell,
    Caldwell Energy Company, Fafco, BrightSource
    Energy, Evapco and Cryogel amongst others.

8
Industry Coverage

9
Table OF Content
Chapter 1 Methodology Scope 1.1
Methodology 1.2 Market definitions 1.3
Market estimation forecast parameters 1.4
Abbreviations 1.5 Data Sources 1.5.1
Primary 1.5.2 Secondary 1.5.2.1 Paid
Sources 1.5.2.2 Public Sources Chapter 2
Executive Summary 2.1 Thermal energy storage
market 3600 synopsis, 2013 2024 2.1.1
Business trends 2.1.2 Storage material
trends 2.1.3 Technology trends 2.1.4
Application trends 2.1.5 End-use trends 2.1.6
Regional trends
10
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