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Global Molten Salt Thermal Energy Storage Market 2019-2023 - Product Image

Global Molten Salt Thermal Energy Storage Market 2019-2023

  • ID: 4758476
  • Report
  • March 2019
  • Region: Global
  • 110 pages
  • TechNavio
1h Free Analyst Time

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FEATURED COMPANIES

  • Abengoa
  • Acciona, S.A.
  • ENGIE
  • SENER group
  • SolarReserve, LLC
  • MORE
In the commercial and industrial (C&I) sectors, downtime caused by power outages leads to huge losses for the companies. For commercial and industrial sectors, such as the manufacturing, engineering and construction, pharmaceutical and healthcare, oil and gas, industrial farming, mining, energy, aerospace, petrochemical, warehousing, and distribution sectors, power backup is crucial for smooth operations. Many mission-critical businesses, from data centers to financial institutions, can incur losses by even a short power outage. Morten salt thermal energy storage solutions help reduce utility costs and improve power reliability and quality.

Many companies have started investing in energy storage to overcome the challenges with power outages. Therefore, the increased need for power backup across industries will drive the global molten salt thermal energy storage market during the forecast period. The analysts have predicted that the molten salt thermal energy storage market will register a CAGR of over 4% by 2023.

Market Overview

Cost savings by ESSs

The rise in demand for power has led to power outages and heavy loads during peak hours in many countries. Power loss during transmission and distribution can cause power outages. Therefore, this ESS helps reduce power bills. The addition of renewables, such as concentrated solar power, into the energy mix drives the demand for molten salt ESSs to store heat that can be converted into electricity.

Regulatory barriers

One of the main procedural issues is the administrative delay in the implementation of new regulations in favor of energy storage, which acts as a barrier to ESSs' deployment. Reasons for this delay include the slow adoption of pay-for-performance and slow progress in considering ESSs as an alternative in planning and procurement process by state public utility commissions. Considering such factors, administrative delay still remains a challenge for ESSs development.

For the detailed list of factors that will drive and challenge the growth of the molten salt thermal energy storage market during the 2019-2023, view the full report.

Competitive Landscape

The market appears to be fairly fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abengoa
  • Acciona, S.A.
  • ENGIE
  • SENER group
  • SolarReserve, LLC
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: MARKET SEGMENTATION BY TECHNOLOGY
  • Market segmentation by technology
  • Comparison by technology
  • Parabolic trough - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by technology
PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • EMEA - Market size and forecast 2018-2023
  • Americas - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS
  • Development of ZEBs
  • Emergence of solar thermal enhanced oil recovery
  • Increased adoption of microgrids
PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Abengoa
  • Acciona, S.A.
  • ENGIE
  • SENER group
  • SolarReserve, LLC
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits
Exhibit 01: Global energy storage market
Exhibit 02: Segments of global energy storage market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 (MW)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Technology - Market share 2018-2023 (%)
Exhibit 18: Comparison by technology
Exhibit 19: Parabolic trough - Market size and forecast 2018-2023 (MW)
Exhibit 20: Parabolic trough - Year-over-year growth 2019-2023 (%)
Exhibit 21: Others - Market size and forecast 2018-2023 (MW)
Exhibit 22: Others - Year-over-year growth 2019-2023 (%)
Exhibit 23: Market opportunity by technology
Exhibit 24: Customer landscape
Exhibit 25: Market share by geography 2018-2023 (%)
Exhibit 26: Geographic comparison
Exhibit 27: EMEA - Market size and forecast 2018-2023 (MW)
Exhibit 28: EMEA - Year-over-year growth 2019-2023 (%)
Exhibit 29: Americas - Market size and forecast 2018-2023 (MW)
Exhibit 30: Americas - Year-over-year growth 2019-2023 (%)
Exhibit 31: APAC - Market size and forecast 2018-2023 (MW)
Exhibit 32: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 33: Key leading countries
Exhibit 34: Market opportunity
Exhibit 35: Impact of drivers and challenges
Exhibit 36: Vendor landscape
Exhibit 37: Landscape disruption
Exhibit 38: Vendors covered
Exhibit 39: Vendor classification
Exhibit 40: Market positioning of vendors
Exhibit 41: Abengoa - Vendor overview
Exhibit 42: Abengoa - Product segments
Exhibit 43: Abengoa - Organizational developments
Exhibit 44: Abengoa - Geographic focus
Exhibit 45: Abengoa - Segment focus
Exhibit 46: Abengoa - Key offerings
Exhibit 47: Acciona, S.A. - Vendor overview
Exhibit 48: Acciona, S.A. - Business segments
Exhibit 49: Acciona, S.A. - Organizational developments
Exhibit 50: Acciona, S.A. - Geographic focus
Exhibit 51: Acciona, S.A. - Segment focus
Exhibit 52: Acciona, S.A. - Key offerings
Exhibit 53: ENGIE - Vendor overview
Exhibit 54: ENGIE - Business segments
Exhibit 55: ENGIE - Organizational developments
Exhibit 56: ENGIE - Geographic focus
Exhibit 57: ENGIE - Segment focus
Exhibit 58: ENGIE - Key offerings
Exhibit 59: SENER group - Vendor overview
Exhibit 60: SENER group - Business segments
Exhibit 61: SENER group - Organizational developments
Exhibit 62: SENER group - Geographic focus
Exhibit 63: SENER group - Key offerings
Exhibit 64: SolarReserve, LLC - Vendor overview
Exhibit 65: SolarReserve, LLC - Organizational developments
Exhibit 66: SolarReserve, LLC - Key offerings
Exhibit 67: Validation techniques employed for market sizing
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abengoa
  • Acciona, S.A.
  • ENGIE
  • SENER group
  • SolarReserve, LLC
  • MORE
Global Molten Salt Thermal Energy Storage Market 2019-2023

The analyst recognizes the following companies as the key players in the global molten salt thermal energy storage market: Abengoa, Acciona, S.A., ENGIE, SENER group, SolarReserve, LLC.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increased adoption of microgrids will enhance the use of thermal energy storage technologies, such as molten salt thermal energy storage during the forecast period.”

According to the report, one of the major drivers for this market is the increased need for power backup across industries will drive the market during our forecast period.

Further, the report states that one of the major factors hindering the growth of this market is the alternative energy storage technologies will severely hamper the market during the forecast period.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Abengoa
  • Acciona, S.A.
  • ENGIE
  • SENER group
  • SolarReserve, LLC
Note: Product cover images may vary from those shown
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