Transparency Market Research Molten Salt Thermal Energy Storage (TES) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 Published Date 16-Sep-2015 78 Page Report Buy Now Request Sample Press Release Transparency Market Research State Tower, 90, State Street, Suite 700. Albany, NY 12207 United States www.transparencymarketresearch.com [email protected] Eyewear Market REPORT DESCRIPTION Molten Salt Thermal Energy Storage (TES) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023 The global molten salt thermal energy storage market was valued at US$266.2 million in 2014 and is anticipated to reach US$2.5 bn by 2023, expanding at a CAGR of 24.7% between 2015 and 2023. Browse Molten Salt Thermal Energy Storage Market the full report at http://www.transparencymarketresearch.com/molten-salt-thermal-energy-storage-market.html Molten salt is a mixture of 60% sodium nitrate and 40% potassium nitrate; it stores energy at 566oC in a hot molten salt storage tank for use any time until electricity is needed, i.e. day or night, in the presence or absence of sunlight, during off-peak/normal operation hours or peak hours. Storage of energy in molten salt increases the overall reliability of solar plants and enables them to operate 24/7, providing base load power for both on-grid and off-grid applications. Molten salt increases the net annual output of a solar energy plant, helps avoid high fuel costs, and facilitates continuous power generation. Increased adoption of renewable energy sources for power generation and growing demand for efficient, reliable, and price-competitive electricity are some of the factors boosting the growth of the market. Molten salt thermal energy storage allows solar plants to be designed in such a way that they optimize the electricity load profile according to the market fluctuations in terms of electricity demand. Some of the characteristics of molten salt are high energy density, low melting point, and low power generation costs as compared to those of oils, rocks, and concrete. Molten salt has low vapor pressure and acts as a storage medium with large storage temperatures of up to 500oC. Molten salts are environment-friendly and cheaper than the synthetic oils that are currently used in power generation applications. However, heat sources such as electric heating or fossil fuels are required to maintain the high temperature of molten salt when solar power is unavailable due to poor weather conditions. Increasing adoption of variable renewable energy in the power generation portfolio worldwide is the primary driver for the growth of the molten salt thermal energy storage market. The rapid adoption rate of molten salt technologies, coupled with the goals regarding de-carbonization and energy security set by governments across the world, would propel the demand for molten salt thermal energy storage technology globally. The economical application of molten salt thermal energy storage technology would allow flexibility in the use of variable renewable energy (VRE) such as solar and wind when required, and increase the reliability of power supply by VRE. Molten salt thermal energy storage technology can help nations across the globe promote energy independence and reduce carbon emissions. Key participants in the global molten salt thermal energy storage market include Abengoa Solar S.A., Acciona S.A., AREVA, BrightSource Energy, Inc., SCHOTT AG, Siemens AG, and Pratt & Whitney Rocketdyne Inc. The report provides an overview of these companies, followed by their financial revenues, business Transparency Market Research 2 Eyewear Market strategies, and recent developments. The global molten salt thermal energy storage market has been segmented as follows: Global Molten Salt Thermal Energy Storage Market: Regional Segment Analysis North America • U.S. • Rest of North America Europe • Spain • Rest of Europe Asia Pacific • India • China • Japan • Rest of Asia Pacific Middle East and Africa (MEA) • South Africa • Israel Transparency Market Research 3 Eyewear Market • Morocco • Rest of MEA Central and South America (CSA) • Chile • Brazil For further inquiries, click here http://www.transparencymarketresearch.com/sample/sample.php? flag=B&rep_id=6478 TABLE OF CONTENT Chapter 1 Preface 1.1 Report Description 1.2 Research Scope 1.3 Market Segmentation 1.4 Research Methodology Chapter 2 Executive Summary 2.1 Global Molten Salt Thermal Energy Storage (TES) Market Chapter 3 Molten Salt Thermal Energy Storage (TES) Market – Industry Analysis 3.1 Introduction 3.2 Value Chain Analysis Transparency Market Research 4 Eyewear Market 3.3 Market Drivers 3.3.1 Growth in Variable Renewable Energy (VRE) Drives Adoption of Molten Salt Thermal Energy Storage Technologies 3.3.2 Deferral of transmission and distribution upgrades through the deployment of molten salt thermal energy storage technologies 3.3.3 Increasing desire for access to efficient reliable and price competitive electricity propels growth in the market 3.4 Market Restraints 3.4.1 High upfront investment and grid interconnection barriers hamper growth of the market 3.5 Market Opportunity 3.5.1 Latent Heat Storage Advancing as an Emerging Application Area of Molten Salt Thermal Energy Storage Systems 3.6 Porter’s Five Forces Analysis 3.6.1 Bargaining Power of Suppliers 3.6.2 Bargaining Power of Buyers 3.6.3 Threat of New Entrants 3.6.4 Degree of Competition 3.6.5 Threat of Substitutes Chapter 4 Global Molten Salt Thermal Energy Storage (TES) Market – Regional Analysis 4.1 Global Molten Salt Thermal Energy Storage (TES) Market: Regional Overview 4.1.1 Global Molten Salt Thermal Energy Storage (TES) Market, Volume Share by Region, 2014 and 2023 Transparency Market Research 5 Eyewear Market 4.2 North America 4.2.1 North America Molten Salt Thermal Energy Storage (TES) Market Volume Share, By Country, 2014 – 2023 4.2.2 North America Molten Salt Thermal Energy Storage (TES) Market, By Volume and Revenue, 2013 – 2023 (TWh) (USD Million) 4.2.3 U.S. Molten Salt Thermal Energy Storage (TES) Estimates and Forecast, By Volume and Revenue, 2013 – 2023 (TWh) (USD Million) 4.2.4 Rest of North America Molten Salt Thermal Energy Storage (TES) Market, By Volume and Revenue, 2013 – 2023 (TWh) (USD Million) 4.3 Europe 4.3.1 Europe Molten Salt Thermal Energy Storage (TES) Market Volume Share, By Country, 2014 – 2023 4.3.2 Europe Molten Salt Thermal Energy Storage (TES) Market Estimates and Forecast, By Volume and Revenue, 2014 – 2023 (TWh) (USD Million) 4.3.3 Spain Molten Salt Thermal Energy Storage (TES) Estimates and Forecast, By Volume and Revenue, 2013 – 2023 (TWh) (USD Million) 4.3.3.1 Spain Molten Salt Thermal Energy Storage (TES) Projects Technical Information 4.3.4 Rest of Europe Molten Salt Thermal Energy Storage (TES) Estimates and Forecast, By Volume and Revenue, 2013 – 2023 (TWh) (USD Million) 4.4 Asia Pacific 4.4.1 Asia Pacific Molten Salt Thermal Energy Storage (TES) Market Volume Share, By Country, 2014 – 2023 4.4.2 Asia Pacific Molten Salt Thermal Energy Storage (TES) Market, By Volume and Revenue, 2013 – 2023 (TWh) (USD Million) Transparency Market Research 6 Eyewear Market 4.4.3 India Molten Salt Thermal Energy Storage (TES) Estimates and Forecast, By Volume and Revenue, 2013 – 2023 (TWh) (USD Million) 4.4.3.1 India Molten Salt Thermal Energy Storage (TES) Projects Technical Information 4.4.4 China Molten Salt Thermal Energy Storage (TES) Estimates and Forecast, By Volume and Revenue, 2013 – 2023 (TWh) (USD Million) 4.4.4.1 China Molten Salt Thermal Energy Storage (TES) Projects Technical Information 4.4.5 Japan Molten Salt Thermal Energy Storage (TES) Estimates and Forecast, By Volume and Revenue, 2013 – 2023 (TWh) (USD Million) 4.4.6 Rest of Asia Pacific Molten Salt Thermal Energy Storage (TES) Estimates and Forecast, By Volume and Revenue, 2013 – 2023 (TWh) (USD Million) 4.5 Middle East and Africa (MEA) 4.5.1 Middle East and Africa (MEA) Molten Salt Thermal Energy Storage (TES) Market Volume Share, By Country, 2014 – 2023 4.5.2 Middle East and Africa (MEA) Molten Salt Thermal Energy Storage (TES) Market, By Volume and Revenue, 2013 – 2023 (TWh) (USD Million) 4.5.3 South Africa Molten Salt Thermal Energy Storage (TES) Estimates and Forecast, By Volume and Revenue, 2013 – 2023 (TWh) (USD Million) 4.5.4 Israel Molten Salt Thermal Energy Storage (TES) Estimates and Forecast, By Volume and Revenue, 2013 – 2023 (TWh) (USD Million) 4.5.5 Morocco Molten Salt Thermal Energy Storage (TES) Estimates and Forecast, By Volume and Revenue, 2013 – 2023 (TWh) (USD Million) 4.5.5.1 Morocco Molten Salt Thermal Energy Storage (TES) Projects Technical Information 4.5.6 Rest of MEA Molten Salt Thermal Energy Storage (TES) Estimates and Forecast, By Volume and Revenue, 2013 – 2023 (TWh) (USD Million) Transparency Market Research 7 Eyewear Market 4.6 Central and South America (CSA) 4.6.1 Central and South America (CSA) Molten Salt Thermal Energy Storage (TES) Market Volume Share, By Country, 2014 – 2023 4.6.2 Central and South America (CSA) Molten Salt Thermal Energy Storage (TES) Market, By Volume and Revenue, 2013 – 2023 (TWh) (USD Million) 4.6.3 Chile Molten Salt Thermal Energy Storage (TES) Estimates and Forecast, By Volume and Revenue, 2013 – 2023 (TWh) (USD Million) 4.6.4 Brazil Molten Salt Thermal Energy Storage (TES) Estimates and Forecast, By Volume and Revenue, 2013 – 2023 (TWh) (USD Million) Browse Press Release http://www.transparencymarketresearch.com/pressrelease/molten-salt-thermalenergy-storage-market.htm Chapter 5 Company Profiles 5.1 Abengoa Solar S.A. 5.1.1 Company Overview 5.1.2 Financial Overview 5.1.3 Business Strategy 5.1.4 Recent Developments 5.2 Acciona S.A. 5.2.1 Company Overview 5.2.2 Financial Overview 5.2.3 Business Strategy Transparency Market Research 8 Eyewear Market 5.2.4 Recent Developments 5.3 AREVA 5.3.1 Company Overview 5.3.2 Financial Overview 5.3.3 Business Strategy 5.3.4 Recent Developments 5.4 BrightSource Energy, Inc. 5.4.1 Company Overview 5.4.2 Financial Overview 5.4.3 Business Strategy 5.4.4 Recent Developments 5.5 SCHOTT AG 5.5.1 Company Overview 5.5.2 Financial Overview 5.5.3 Business Strategy 5.5.4 Recent Developments 5.6 Siemens AG 5.6.1 Company Overview 5.6.2 Financial Overview 5.6.3 Business Strategy 5.6.4 Recent Developments 5.7 Pratt and Whitney Rocketdyne Inc. Transparency Market Research 9 Eyewear Market 5.7.1 Company Overview 5.7.2 Financial Overview 5.7.3 Business Strategy 5.7.4 Recent Developments Browse Molten Salt Thermal Energy Storage Market the full report at http://www.transparencymarketresearch.com/molten-salt-thermal-energy-storage-market.html About Us Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forwardlooking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge. Contact Transparency Market Research 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-552-3453 Email: [email protected] Website: http://www.transparencymarketresearch.com/ Transparency Market Research 10
Owing to the negative effects of the use of fossil fuels on the environment, the need for renewable energies has gained higher acceptance in the power generation sector in the last few years. Many research and development programs for alternative modes of power generation have been promoted through incentive schemes and supportive programs. These factors have given rise to the need for sustainable energy solutions such as thermal energy storage technologies. Browse Molten Salt Thermal Energy Storage Market the full report at http://www.transparencymarketresearch.com/molten-salt-thermal-energy-storage-market.html
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