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Molten Salt Thermal Energy Storage Market 2020 Global Industry Trends, Size, Segments, Competitors Strategy, Regional Analysis, Review, Key Players Profile, Statistics and Growth to 2023 Analysis




Dec 4, 2019



The “Molten Salt Thermal Energy Storage Market” compromises many advantages that have accelerated the adoption of absorption among various industrial users. These elements make absorption an attractive option from the industrial sector and enable many industrial customers to meet their environmental and regulatory targets. The Molten Salt Thermal Energy Storage industry is expected to remain innovation-led, with frequent achievements and strategic deals adopted as the key strategies by the players to increase their industry presence. The report covers the present scenario and the growth prospects of the Molten Salt Thermal Energy Storage market for 2019-2023.Molten salt thermal energy storage market size will grow by 660 MW during 2019-2023.

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About Molten Salt Thermal Energy Storage Market:In the commercial and industrial (CandI) 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. Ouranalysts have predicted that the molten salt thermal energy storage market will register a CAGR of over 4% by 2023. The Molten Salt Thermal Energy Storage Market report also focuses on some of the key growth prospect, including new product launches, MandA, RandD, joint ventures, collaborations, agreements, partnerships, and growth of the key players functioning in the market, both in terms of regional and global scale. Analysts forecast the Global Molten Salt Thermal Energy Storage market to grow at the Highest CAGR during the forecast period 2019-2024.

The report provides a detailed analysis of the market by technology (parabolic trough and others) and geography (the Americas, APAC, and EMEA). 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.

List of theTop Key Playersof Molten Salt Thermal Energy Storage Market:

  • Abengoa
  • Acciona
  • S.A.
  • ENGIE
  • SENER group
  • SolarReserve
  • LLC

The scope of the report covers all the major system technologies that are currently being implemented in the global Molten Salt Thermal Energy Storage industry. Market values are based on the end-user (public and private) based on the manufacturing of Molten Salt Thermal Energy Storage systems. Molten Salt Thermal Energy Storage market manufacturers place orders when they receive work orders from Molten Salt Thermal Energy Storage market operators such as commercial, military, and others. Therefore, market numbers are derived from the end-user perspective, considering their (Molten Salt Thermal Energy Storage market operators) orders for the Molten Salt Thermal Energy Storage market.

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Molten salt thermal energy storage market segmentation based on technology

  • Parabolic trough
  • Others

The parabolic trough segment will account for the highest molten salt thermal energy storage market share. The expected start of several molten salt CSP projects with parabolic trough technology is expected to boost the growth of the molten salt thermal energy storage market in the segment.

Market Dynamics:

Cost savings by ESSsThe 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 barriersOne 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 our report.

Global Molten Salt Thermal Energy Storage Industry 2019 Market Research Report is spread across 110 pages and provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector.

This Report lets you identify the opportunities in Molten Salt Thermal Energy Storage Market by means of aregion:

  • North America(the UnitedStates, Canada, andMexico)
  • Europe(Germany, UK, France, Italy, Russia, and Turkey, etc.)
  • Asia-Pacific(China, Japan, Korea, India, Australia and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, andVietnam))
  • South America(Brazil etc.)
  • The MiddleEast and Africa(North Africa and GCC Countries)

The Molten Salt Thermal Energy Storage market has been created based on an in-depth market analysis with inputs from industry experts. The report covers the growth prospects over the coming years and discussion of the key vendors.

Research Objectives Of Molten Salt Thermal Energy Storage Market Report:

  • Analyzing the outlook of the market with the recent trends and Porter’s five forces analysis.
  • Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
  • Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
  • Country-level analysis, integrating the demand and supply forces that are influencing the growth of the Molten Salt Thermal Energy Storage Market.
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
  • Comprehensive company profiles, covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.

The report also focuses on global major leading industry players of Global Molten Salt Thermal Energy Storage market providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. The Global Molten Salt Thermal Energy Storage market development trends and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered. With tables and figures helping analyze worldwide Global Molten Salt Thermal Energy Storage market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

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Competitive Analysis:

Molten Salt Thermal Energy Storage market appears to be fairly fragmented and with the presence of several vendors. This Molten Salt Thermal Energy Storage market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the Molten Salt Thermal Energy Storage market’s competitive landscape and offering information on the products offered by companies.

Reason to buy Molten Salt Thermal Energy Storage Market Report:

  • To measure populations in the global Molten Salt Thermal Energy Storage market to target the development of future products, pricing strategies, and launch plans.
  • Further insight into the frequency of the subdivided types of Molten Salt Thermal Energy Storage and identification of Molten Salt Thermal Energy Storage market segments with high potential.
  • Transfer of more accurate information for clinical trials in research sizing and realistic recruitment for various countries.
  • A better understanding of the impact of specific conditions on the prevalent population of Molten Salt Thermal Energy Storage market.
  • To understand the specific markets that have the largest number of Molten Salt Thermal Energy Storage market industry

Table of Content:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

  • Market outline

PART 05: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 06: MARKET SIZING

  • Market definition
  • Market sizing 2019
  • Market size and forecast

PART 07: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 08: MARKET SEGMENTATION BY PRODUCT

  • Global Molten Salt Thermal Energy Storage market by product
  • Comparison by product
  • Market opportunity by product

PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

  • Global Molten Salt Thermal Energy Storage market by distribution channel
  • Comparison by distribution channel
  • Global Molten Salt Thermal Energy Storage market by offline distribution channel
  • Global Molten Salt Thermal Energy Storage market by online distribution channel
  • Market opportunity by distribution channel

PART 10: CUSTOMER LANDSCAPE

PART 11: MARKET SEGMENTATION BY END-USER

  • Global Molten Salt Thermal Energy Storage market by end-user
  • Comparison by end-user

PART 12: REGIONAL LANDSCAPE

  • Global licensed sports merchandise market by geography
  • Regional comparison
  • Licensed sports merchandise market in Americas
  • Licensed sports merchandise market in EMEA
  • Licensed sports merchandise market in APAC
  • Market opportunity

PART 13: DECISION FRAMEWORK

PART 14: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 15: MARKET TRENDS

PART 16: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 17: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors

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