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Global Thermal Energy Storage Market 2018-2022| MSES Segment Dominates the Global Market| Technavio

October 10, 2018

LONDON--(BUSINESS WIRE)--Oct 10, 2018--According to the market research report released by Technavio, the global thermal energy storage market is expected to accelerate at a CAGR of nearly 6% during the forecast period. The increasing demand for CSP is one of the key factors triggering the growth of the market.

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According to the market research report released by Technavio, the global thermal energy storage market is expected to accelerate at a CAGR of nearly 6% until 2022. (Graphic: Business Wire)

This research report titled ’ ’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time only:

The market research analysis categorizes the global thermal energy storage market into the following technologies:

MSES PCM

In 2017, the MSES segment accounted for 90% of the global market and is projected to decline to 89% by 2022, exhibiting almost 1% decrease in market share.

Global thermal energy storage market: An emerging trend

Change in energy mix is an emerging trend in the thermal energy storage market space. The global demand for energy is on the rise, driven by the growing global population and rising disposable incomes of developing countries. The energy mix is defined as the use of different proportions of energy sources like fossil fuels, nuclear energy, and renewable energy to meet energy needs. The energy mix is changing globally as policy measures are evolving and the technology is advancing. As per IEA, renewable sources of energy are catering to 40% of the increase in the demand for primary energy.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

Technavio’s report provides expert market research on the following topics:

Executive Report

Market Outline Global Thermal Energy Storage Market Overview

Market Insights

Market Sizing and Forecasts Market Growth Market Drivers and Challenges Key Emerging Trends

Market Segmentation Analysis

Regional comparison (APAC, Americas, and EMEA) Key leading countries Market segmentation by technology (MSES and PCM)

Vendor Landscape

Vendor classification Market positioning of vendors Competitive scenario Analysis of top vendors (CALMAC, DN Tanks, EnergyNest, Ice Energy, and SENER group)

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181010005901/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: ENERGY ALTERNATIVE ENERGY UTILITIES

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 10/10/2018 02:56 PM/DISC: 10/10/2018 02:56 PM

http://www.businesswire.com/news/home/20181010005901/en

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