Brooklyn, NY -- (SBWIRE) -- 03/14/2018 -- The global market for molten salt thermal energy storage is expected to tread a positive growth path over the coming years on account of the emphasis given to sustainable energy systems. Molten salt can be used as a media of thermal energy storage, which has popularized it across several industrial longitudes. Furthermore, it may also be used as a heat transfusion fluid (HTF), thus, amplifying its relevance for the automotive industry. Molten salt has emerged as an important component within the domain of energy storage in recent times. This is due to the efficiency, flexibility, and cost-effectiveness of molten salt in storing tremendous amounts of energy. The system effectuated for the storage of energy in molten salt does not require a backup, unlike other systems wherein natural gas and other fossil fuels are consumed.
Molten salt energy storage systems enable solar thermal power plants to function similar to nuclear power plants by producing energy as and when it is required. By using molten salt for energy storage, these systems also help in eliminating the emission of harmful chemicals that deteriorate the environment. The fuel costs are also reduced, which serves as an added advantage to the use of molten salt thermal energy storage. Energy conservation has become the cynosure of discussions for international bodies concerned with the preservation of the environment. Hence, the market for molten salt thermal energy storage is expected to surge forward in the coming years.
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Impetus to Renewable Energy Sources Bolsters Market
The world is struck by a severe energy crisis, and the dearth of fossil fuels has raised concerns about the sustainability of the environment. To add to the woes of the energy sector, the demand for energy has increased by leaps and bounds in the contemporary scenario. The rapid urbanization that has offset across the globe has been pressurizing the energy sector to optimize its production base. In this scenario of energy crunch, the molten salt thermal energy storage systems have come to the rescue of several residential, commercial, and industrial units. Buildings, towns, and districts, especially in the developed regions, have already begun installing these systems to aid their energy needs. It is anticipated that molten salt would soon be able to replace half of the energy produced by conventional means within industries. Furthermore, these systems can help in reducing the overall emission of carbon dioxide, which has popularized them across a large chunk of the population. The renewable energy sector is also expected to gain a significant boost through the adoption of molten salt thermal energy storage systems. Owing to the aforementioned factors, the market is expected to reap positive results over the coming years.
Growing Urbanization Boosts North American Market
The market in North America is expected to tread a positive growth path over the coming years. The impetus given to energy conservation coupled with the awareness quotient of the people has contributed to the prominence of the region. Moreover, the infrastructural ace of the region makes it easier to install the solar thermal energy system. The other regional segments for the global molten salt thermal energy storage market are Asia Pacific, Latin America, Europe, and the Middle East and Africa.
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The various market players are expected to introduce innovative business strategies in order to stay relevant in the market. Some of the key market players include Rioglass Solar Absolicon, Schott, ESolar, Wilson Solarpower, Evergreen Solar Services, Novatec, Acciona, Solar Millennium AG, Trina Solar Energy, Acciona Energy, SolarReserve, and NREL.
Table of Contents
Global Molten Salt Solar Energy Thermal Storage Market Professional Survey Report 2017
1 Industry Overview of Molten Salt Solar Energy Thermal Storage
1.1 Definition and Specifications of Molten Salt Solar Energy Thermal Storage
1.1.1 Definition of Molten Salt Solar Energy Thermal Storage
1.1.2 Specifications of Molten Salt Solar Energy Thermal Storage
1.2 Classification of Molten Salt Solar Energy Thermal Storage
1.2.1 Tower-type Solar Power Tower System
1.2.2 Dish Concentrating Solar Power Systems
1.3 Applications of Molten Salt Solar Energy Thermal Storage
1.3.1 CSP System
1.3.2 Generate Electricity
1.3.3 Industrial Heating
2 Manufacturing Cost Structure Analysis of Molten Salt Solar Energy Thermal Storage
2.1 Raw Material and Suppliers
2.2 Manufacturing Cost Structure Analysis of Molten Salt Solar Energy Thermal Storage
2.3 Manufacturing Process Analysis of Molten Salt Solar Energy Thermal Storage
2.4 Industry Chain Structure of Molten Salt Solar Energy Thermal Storage
3 Technical Data and Manufacturing Plants Analysis of Molten Salt Solar Energy Thermal Storage
3.1 Capacity and Commercial Production Date of Global Molten Salt Solar Energy Thermal Storage Major Manufacturers in 2016
3.2 Manufacturing Plants Distribution of Global Molten Salt Solar Energy Thermal Storage Major Manufacturers in 2016
3.3 R&D Status and Technology Source of Global Molten Salt Solar Energy Thermal Storage Major Manufacturers in 2016
3.4 Raw Materials Sources Analysis of Global Molten Salt Solar Energy Thermal Storage Major Manufacturers in 2016
4 Global Molten Salt Solar Energy Thermal Storage Overall Market Overview
4.1 2012-2017E Overall Market Analysis
4.2 Capacity Analysis
4.2.1 2012-2017E Global Molten Salt Solar Energy Thermal Storage Capacity and Growth Rate Analysis
4.2.2 2016 Molten Salt Solar Energy Thermal Storage Capacity Analysis (Company Segment)
4.3 Sales Analysis
4.3.1 2012-2017E Global Molten Salt Solar Energy Thermal Storage Sales and Growth Rate Analysis
4.3.2 2016 Molten Salt Solar Energy Thermal Storage Sales Analysis (Company Segment)
4.4 Sales Price Analysis
4.4.1 2012-2017E Global Molten Salt Solar Energy Thermal Storage Sales Price
4.4.2 2016 Molten Salt Solar Energy Thermal Storage Sales Price Analysis (Company Segment)
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