Molten Salt Thermal Energy Storage Market | Size, Share, Analysis, Research Report
Molten salt thermal energy storage market |
Molten salt thermal energy storage technology refers
to the use of molten salt mixture in thermal energy storage systems (ESSs) to
store heat generated by concentrated solar power (CSP). The heat is converted
into electricity with the help of steam generators. As per the latest market research report published by
Technavio, the global molten
salt thermal energy storage market size will grow by 660 MW during
2019-2023. The report analyzes the market’s competitive landscape and offers
information on several companies including Abengoa, Acciona, S.A., ENGIE, SENER
group, and SolarReserve, LLC.
Download the free
sample report @ http://bit.ly/2mhSJ3W
Key Trends in molten salt thermal energy storage market:
A major factor driving the growth of the global molten
salt thermal energy storage market is cost savings by ESSs. The awareness of
energy storage systems has been developing over the past decade owing to the
increasing adoption of renewable energy sources.
ESS are used in a range of market segments including
residential houses, utilities, and commercial and industrial companies. They
are used in utilities to balance the unexpected power demands. However,
commercial and industrial building operators are the major users of ESS as they
are cost-effective.
Zero energy building (ZEB) is gaining popularity in
several countries due to the mandates and regulations on the adoption of ZEBs
by governments. The Ministry of Economy, Trade, and Industry of Japan will
provide fixed subsidies for new zero energy home builders and will underwrite
one-third of the cost of retro filling of the existing homes.
According to IEA, Japan has set the targets to achieve
the zero-emission status in standard newly built houses and public buildings by
2020 and average zero emission in newly constructed houses and buildings by
2030.
Likewise, California (US) has set a target of
converting 100% of the all-new homes in the state to zero net energy homes by
2020. The increased adoption of ZEBs will drive the use of CSP to produce heat.
This heat is stored using molten salt thermal energy storage systems and is
converted into electricity whenever required.
Therefore, the development of
ZEBs will impact the growth of the global molten salt thermal energy storage
market at a CAGR of 4.41% during the forecast period. These
are the important trends in the molten salt thermal energy storage market, to know the complete and
in-depth analysis and forecast of this market get the complete report by
clicking the link below.
Get the Complete
Report @ http://bit.ly/2mcDOYJ
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