Thermal Energy Storage Market Global Insights, Trends and
Forecast 2017-2022
The report "Thermal Energy Storage Market by Technology (Sensible, Latent, and TCS),
Storage Material (Water, Molten Salt, and PCM), Application (Power Generation, District
Heating & Cooling, and Process Heating & Cooling), End-User, and Region - Global
Forecast to 2022", The thermal energy storage market is expected to grow from an estimated
USD 3.67 Billion in 2017 to USD 6.20 Billion by 2022, registering a CAGR of 11.0% from 2017 to
2022.
Browse 61 market data tables and 35 figures spread through 142 pages and in -depth TOC
on "Thermal Energy Storage Market by Technology (Sensible, Latent, and TCS), Storage
Material (Water, Molten Salt, and PCM), Application (Power Generation, District Heating &
Cooling, and Process Heating & Cooling), End-User, and Region - Global Forecast to 2022"
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61500371.html
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The global market is witnessing a significant growth due to rising impetus on renewable energy
generation such as concentrated solar power, increasing demand for thermal energy storage
systems in HVAC, and government incentives for thermal energy storage systems.
The sensible heat storage segment is expected to hold the largest share of the thermal
energy storage market, by technology, during the forecast period
The sensible heat storage segment led the overall thermal energy storage market in 2016.
Sensible heat storage of thermal energy has a number of residential and industrial applications.
Underground storage of sensible heat in both liquid and solid storage medium is also used for
typically large-scale applications such as district heating and cooling systems. Increased
applications of sensible heat based thermal storage in the Middle East & Africa and Asia -Pacific is
projected to drive the market during the forecast period.
Molten salt is expected to hold the largest market share of the thermal energy storage
market, by storage material, during the forecast period