Energy and Power Thermal Energy Storage Market | Página 2

The molten salt based thermal energy storage segment is expected to hold the largest share in
the thermal energy storage market during the forecast period. Molten salts have high boiling
points, low viscosity, low vapor pressure, and high volumetric heat capacities. A higher heat
capacity corresponds to a smaller storage tank volume. Molten salt can function as a large -scale
thermal storage method that would allow other energy sources, such as solar, to become more
feasible by smoothing out the fluctuations in demand and weather. Looking to the future after
depleting carbon-based fuel, the successful demonstration of molten salt storage for solar power,
provides an edge for tapping into the desert areas to meet power demands. The Middle East &
African market is driven by the implementation of concentrating solar projects based on molten
salt storage material.
The Middle East & Africa is the largest market for thermal energy storage
In this report, the thermal energy storage market has been analyzed with respect to four regions,
namely, the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Middle East &
Africa is estimated to be the largest market for thermal energy storage by 2022. Heat thermal
storage and molten salt thermal storage are major technology types employed in South Africa.
Majority of thermal storage projects are present in Northern Cape in the country. South Africa is
endowed with enormous solar and wind resources. This will drive the thermal en ergy storage
market in the country during the forecast period.
To enable an in-depth understanding of the competitive landscape, the report includes profiles
of some of the leading players in the thermal energy storage market. These players include Ice
Energy (U.S.), Calmac (U.S.), DN Tanks (U.S.), Abengoa Solar (Spain), SolarReserve, LLC (U.S.), and
Burns & McDonnell (U.S.) among others. Leading players are trying to penetrate the market in
areas of economies having huge opportunity in CSP to implement thermal energy storage at
large scale and are adopting various strategies to increase their market share.
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