Thermal Storage Market - Projected to Grow at a CAGR of 11.0% from 2017 to 2022 - Increasing Demand For TES in HVAC - Research and Markets

DUBLIN, Mar 21, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Thermal Energy Storage Market by Technology, Storage Material, Application, End-User, and Region - Global Forecast to 2022" report to their offering.

The thermal energy storage market is projected to reach USD 6.20 billion by 2022, growing at a CAGR of 11.0% from 2017 to 2022.

Rising momentum of renewable energy generation (concentrated solar power), increasing demand for Thermal Energy Storage (TES) in HVAC for district heating & cooling, and process heating & cooling are expected to drive the TES market. On the other hand, high grid interconnection barriers and lack of technical expertise are the major restraints of the global thermal energy storage market.

Sensible heat based thermal energy storage has maximum share in the total thermal energy storage market. The most widely commercially used storage material for sensible heat storage medium is water, which is economical to operate and has a number of residential and industrial applications. With regards to technology, the sensible heat segment is estimated to grow at the fastest CAGR during the forecast period. The market is driven by increasing demand for renewable power, such as Concentrating Solar Power (CSP) plants, in the Middle East & Africa. Latent heat storage of thermal energy held the second highest market size in the total thermal energy storage market by technology.

Companies Mentioned

• Abengoa Solar, S.A.
• Baltimore Aircoil Company
• Brightsource Energy, Inc.
• Burns & Mcdonnell
• Caldwell Energy
• Calmac
• Chicago Bridge & Iron Company
• Cristopia Energy Systems
• Cryogel
• Dc Pro Engineering
• Dunham-Bush Holding Bhd.
• Energy Storage Association
• Others

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Thermal Energy Storage Market, By Technology

7 Thermal Energy Storage Market, By Storage Material

8 Thermal Energy Storage Market, By Application

9 Thermal Energy Storage Market, By End-User

10 Thermal Energy Storage Market, By Region

11 Competitive Landscape

12 Company Profiles

13 Appendix

For more information about this report visit http://www.researchandmarkets.com/research/dvtzd4/thermal_energy

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