Energy and Power

Global Thermal Energy Storage Market 2015-2019

  • TEC222331
  • 59 Pages
  • April 2015
  • Energy and Power
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.
Key vendors
Baltimore Aircoil
Caldwell Energy
CALMAC
Chicago Bridge and 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
Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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