Market Overview

Global Thermal Energy Storage Market Outlook to 2022 - CALMAC, DN Tanks, EnergyNest, Ice Energy, and SENER Group are Dominating the Market -


The "Global
Thermal Energy Storage Market 2018-2022"
report has been added
to'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

  • 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

View Comments and Join the Discussion!