Market Overview

Global Thermal Energy Storage Market 2018-2022


Global Thermal Energy Storage Market 2018-2022

PR Newswire

NEW YORK, August 29, 2018 /PRNewswire/ -- About Thermal Energy Storage

Thermal energy storage is a technology that allows the transfer and storage of heat energy using mediums like ice, water, molten salt, or cold air. This technology is used to complement energy solutions like solar, hydropower, or wind. Thermal energy storage is used to utilize the heat that would otherwise be wasted, for future heating and cooling purposes or to meet the required power demand of customers.

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Technavio's analysts forecast the global thermal energy storage market to grow at a CAGR of 5.85% during the period 2018-2022.

Covered in this report
The report covers the present scenario and the growth prospects of the global thermal energy storage market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
• Americas

Technavio's report, Global Thermal Energy Storage Market 2018-2022, 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.

Key vendors
• DN Tanks
• EnergyNest
• Ice Energy
• SENER group

Market driver
• Increasing demand for CSP
• For a full, detailed list, view our report

Market challenge
• Competition from alternative sources energy storage
• For a full, detailed list, view our report

Market trend
• Increasing use in smart cities and smart buildings
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2022 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?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

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