Thermal Energy Storage

Thermal Energy Storage
By Reportlinker
Published: Monday, Sep. 3, 2012 – 10:53 am
NEW YORK, Sept. 3, 2012 — /PRNewswire/ — announces that a new market research report is available in its catalogue:

Thermal Energy Storage

Thermal Storage for HVAC in Commercial Buildings, District Cooling and Heating, Utility and Grid Support Applications, and High-Temperature Storage at CSP Facilities

Thermal energy storage (TES) is an often unrecognized but important component of the developing market for energy storage systems. Most often used to provide cooling capacity for commercial buildings, TES systems are also increasingly seen as an effective means of shifting electricity use from daytime peak periods into less expensive periods of the day or at night, saving money and increasing overall system efficiency. Newer forms of TES, including molten salt storage, may be used with concentrated solar power generation facilities to store energy collected in daylight hours for later use.

Pike Research’s analysis finds that the annual U.S. market for incremental TES capacity totals $268 million, with 246 megawatts (MW) of new capacity installed in 2011 in five market segments: packaged air conditioning, chiller TES systems, district energy, residential heat TES, and commercial heat TES. The report forecasts that the TES market will expand at a compound annual growth rate of 13.5% through 2020, resulting in an $850 million annual domestic market and cumulative TES capacity of 4,500 MW. Globally, TES is expected to grow substantially through 2020, with worldwide revenues of $3.6 billion and added capacity of 3,824 MW in that year.

This Pike Research report analyzes the global market for thermal energy storage systems, concentrating on five major applications that currently define the commercial marketplace for thermal storage: thermal storage for heating, ventilation and air conditioning (HVAC) in commercial buildings; district energy systems for cooling and, in some cases, heating; turbine inlet cooling to limit generation power losses; utility and grid support applications; and high-temperature storage at concentrated solar power generation facilities. In addition to comparing TES technologies and examining the drivers and barriers for the TES market, the study includes profiles of more than two dozen key industry players as well as forecasts for revenue and capacity through 2020.

To order this report:

Renewable_energy Industry: Thermal Energy Storage

Contact Nicolas: US: (805)-652-2626 Intl: +1 805-652-2626

SOURCE Reportlinker

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