Global Thermal Energy Storage (Tes) Market Will See A Capital Expenditure (Capex) Of $2,482 Mn In 2017

07 August 2017
Energy

Visiongain’ has launched a new energy report Thermal Energy Storage (TES) Market 2017-2027: Forecasts and Analysis By Technology (Sensible Heat Storage, Latent Heat Storage, and Thermo-Chemical Storage), By Material (Molten Salt, Water, and Others), By Application (Power Production, District & Process Heating/Cooling) AND By Regions & National Market PLUS Profile of Leading Companies in Thermal Energy Storage

Thermal Energy Storage involves the storage of energy obtained from different energy sources for later use. It allows excess thermal energy to be stored and used hours, days, or even months later. It has applications in balancing the energy demand between daytime and nighttime, storing summer heat for winter heating, or winter cold for summer air conditioning. There are mainly three forms of TES systems available and are being used today; they are Sensible heat storage, Latent heat storage and Thermo-Chemical Storage

Due to a growing concern for depletion of conventional resources and the negative impact of fossil fuels on the environment, the need for a search for alternative and renewable energy sources has intensified. Renewable sources of energy have gained a wider acceptance for power generation due to their environmental benefits as well as abundance in nature. However, their intermittent nature is a topic of concern. Intermittent nature of renewable energy sources has created interest for energy storage technologies

Thermal Energy Storage Technology allows renewable energy to be stored for later use. It also allows renewable energy facilities to be designed to optimize the electricity load profile according to market needs. With the gradual shift from traditional fossil fuel based energy sources to the renewable energy, storage systems are becoming vitally important.

The visiongain report analyst commented “The development of TES projects across the world is still largely dependent on power production and the investment in the field. Governments across the countries are increasing their renewable energy share, and the support of the projects which have storage facility is likely to drive the market

Leading companies featured in the report who are developing Thermal Energy Storage (TES) include SolarReserve, Calmac Inc., Abengoa Solar, BrightSource Energy, Ice Energy, Brenmiller Energy Ltd., Terrafore Technologies LLC, Aalborg CSP A/S, Cristopia Energy Systems, SunCan Co. Ltd., SaltX Technology Holding AB & Cryogel

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongainglobal.com or call her on +44 (0) 207 336 6100

About visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

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