openPR Logo
Press release

Global Molten Salt Thermal Energy Storage (TES) Market CAGR just shy of 25% from 2015-2023

06-13-2018 02:14 PM CET | Industry, Real Estate & Construction

Press release from: MRRSE



In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Thermal Energy Storage” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.

Get Sample Copy of This Report @

The report on the molten salt thermal energy storage market discusses how the pressing need for effective energy storage will, in turn, shape the future of the global molten salt thermal energy storage market. The demand for energy storage and conversation is currently as essential as energy generation itself. In the wake of these emerging changes, the renewable energy sector will increasingly look toward molten salt thermal energy storage as a viable option. This also explains why the market is poised for a CAGR just shy of 25% from 2015-2023.

Forecasts are provided for the period ranging from 2015 to 2023, with 2014 being the base year. Market growth forecasts and projections have been expressed in both revenue (US$ mn) and volume (TWh) terms. The report conducts an assessment of the leading companies, their investments, and financial position in the global molten salt thermal energy storage market.

For the purpose of this study, the market for molten salt thermal energy storage has been segmented on the basis of geography into: North America, Asia Pacific, Europe, Central and South America, and Middle East and Africa. Key national markets within each of these regions have been studied in the report.

The Industry Analysis section of the report examines the industry value chain and opportunities that lie therein. It also studies the market drivers, restraints, and opportunities in the market for molten salt thermal energy storage in detail. The Porter’s Five Forces Analysis technique is applied at this stage to understand the bargaining power of buyers, suppliers, and new entrants. The report then goes on to offer a highly detailed analysis of the uptake of molten salt thermal energy storage in national markets. The report concludes with comprehensive profiles of leading players in this space.

Molten salt as an energy storage medium doesn’t currently enjoy large-scale acceptance, but will progressively gain in popularity over the next few years. As a result of this, the demand for molten salt thermal energy storage will begin to see an uptick toward the end of the current decade. The expansion of the molten salt thermal energy storage market is also directly proportional to the growth of the solar energy industry.

Obtain Report Details with List of Tables and Figures @

It is projected that the global market for molten salt thermal energy storage will log an unprecedented 24.7% CAGR from 2015 through 2023. For the most part, growth in this market will result from fresh investments in renewable energy storage based on molten salt. Europe was, by far, the most lucrative region in the global molten salt thermal energy storage market, with Spain taking the lead. The country has at least 22 concentrated solar power projects with a collective capacity of 15 GW. Of these, projects that are currently under construction carry a combined capacity of 1,037 MW. The United Kingdom, too, has been at the forefront of investments and innovation in molten salt thermal energy storage, backed by a government that’s focused on meeting its green energy goals. European countries are currently governed by the EU Climate Action Plan and are strong target markets for companies offering thermal energy storage using molten salt.

However, the market will find itself faced against growth hurdles in the form of the high upfront cost of investments in such storage facilities and the lack of efficient grid interconnection. The adverse impacts of these challenges can be eased by concentrating on the emerging application area of latent heat storage.

The report carries profiles of the following key market participants: Pratt and Whitney Rocketdyne Inc., AREVA, Abengoa Solar S.A., SCHOTT AG, Acciona S.A., Siemens AG, and BrightSource Energy, Inc.

Major regions analyzed under this research report are:

North America
Asia Pacific
Rest of the World

This report gives you access to decisive data such as:

Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for the coming years

Key highlights of this report

Overview of key market forces propelling and restraining market growth
Up-to-date analyses of market trends and technological improvements
Pin-point analyses of market competition dynamics to offer you a competitive edge
An analysis of strategies of major competitors
An array of graphics and SWOT analysis of major industry segments
Detailed analyses of industry trends
A well-defined technological growth map with an impact-analysis
Offers a clear understanding of the competitive landscape and key product segments

Send an Enquiry @

About Market Research Reports Search Engine (MRRSE)

Market Research Reports Search Engine (MRRSE) is an industry-leading database of Market Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

Contact Us

State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Molten Salt Thermal Energy Storage (TES) Market CAGR just shy of 25% from 2015-2023 here

News-ID: 1080922 • Views: 243

More Releases from MRRSE

Sales of Digital Printing for Packaging Market Motivated with Rising Demand from …
A recent market study published by MRRSE, “Digital Printing for Packaging Market: Global Industry Analysis 2014-2018 & Forecast 2019-2029” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical, as well as current growth parameters of the digital printing for packaging market, the growth prospects of the market are obtained with maximum precision. Get Brochure of The Report @ Chapter 01 – Executive Summary The
Biofuel Testing Services Market Insights Covering Market Dynamics and Competitiv …
A recent market study published by MRRSE “Biofuel Testing Services Market: Global Industry Analysis 2013-2017 & Forecast 2018-2028” offers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historic as well as current growth parameters of the biofuel testing services market, the growth prospects of the market are obtained with maximum precision. Chapter 01 – Executive Summary The report commences with the executive summary of the
Potassium Formate Market Growth Influenced by Burgeoning Opportunities from Prim …
A research study published by MRRSE provides readers with a comprehensive outlook of the global potassium formate market, to precisely gauge its futuristic development. It assesses the potassium formate industry on the historical and current scenario, and also includes a forecast for 2019 through to 2027. The report is designed to help key stakeholders make business decisions pertaining to the potassium formate market with the help of key findings and
Sales of Lithium-ion Battery Market Motivated with Rising Demand from Industrial …
MRRSE, in its recently published research report, brings forth actionable intelligence into the lithium-ion battery market. The business study is intended at equipping stakeholders in the lithium-ion battery market with distinguished insights, and help them in developing sustainable growth strategies for business advancement. This comprehensive research report provides an incisive outlook regarding the changing dynamics of the lithium-ion battery market, by identifying key drivers, restraints, opportunities, and threats. This study also

All 5 Releases

More Releases for Europe

Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report). Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications
Europe Wooden Doors Market
Europe Wooden Doors Market This report studies the Wooden Doorsmarket status and outlook of Europe and major countries, from angles of players, countries, product types and end industries; this report analyzes the top players in Europe and major countries, and splits the Wooden Doors market by product type and applications/end industries. The global Wooden Doors market is valued at XX million USD in 2018 and is expected to reach XX million
Europe Radiotherapy Market
The Europe Radiotherapy Market research report consists of a primary and secondary research along with an in-depth analysis of the quantitative and qualitative aspects by the expert industry analysts and professionals, leading management bodies, to gain a profound insight of the industry as well as the industry performance. The Europe Radiotherapy Market report presents a lucid picture of the current industry landscape, including the historical and projected market size, based
Europe Business Assembly
The Europe Business Assembly (EBA) is an international corporation for the evolution and implementation of economic and social development. The company was established in April 2000 and its history shows a plethora of promising initiatives, creative growth and professional victories. EBA’s activity demonstrates the capabilities and power of professional partnership. The year 2000 saw the beginning and the foundation of EBA with the signing of the memorandum of cooperation and
Smartsourcing in Eastern Europe
In 2008 the outsourcing business of Eastern Europe was estimated at nearly $2 billion, representing just a tiny fraction of the global IT outsourcing market, estimated at about $386 billion. According to the Gartner Dataquest predictions, in the next four years Eastern Europe is expected to outstrip the rest of the offshore market concentrated mainly in the “classical” locations like India. By 2010 Eastern Europe’s IT outsourcing market share is
Home Control conquers Europe
European Home Control Summit attracts participation from leading International companies and organizations 29. February 2008 - Copenhagen/Frankfurt - The first European Wireless Home Control Summit on 9 April 2008, taking place parallel to Light + Building, features leading companies such as Merten, Horstmann, Danfoss, and market researcher Parks Associates as well as publicly funded organizations like the Danish Energy Saving Trust (DEST) presenting the newest trends, products and market strategies pertaining