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Global Thermal Energy Storage Market Is Propelled to Grow at a CAGR of 18.7% over 2015-2019

ResearchMoz added Latest Research Report titled " Global Thermal Energy Storage Market 2015-2019: Worldwide Market Size, Shares, Trends, Growth, Survey and Forecast report " to it's Large Report database.


Albany, NY -- (SBWIRE) -- 12/07/2016 -- 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.

The global thermal energy storage market to grow at a CAGR of 18.7% over the period 2014-2019. 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.

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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
- Chicago Bridge & Iron

Other prominent vendors
- Sunwell Technologies

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

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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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