Emerging Trends in Thermal Energy Storage (TES) (TechVision)

Emerging Trends in Thermal Energy Storage (TES) (TechVision)

High Energy Density Latent and Thermochemical Systems Dominate Future of Thermal Energy Storage

RELEASE DATE
29-Sep-2015
REGION
Global
Research Code: D6A7-01-00-00-00
SKU: EG01610-GL-TR_17173
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Description

Thermal energy storage (TES) is a system to store thermal energy. TES can be differentiated into three different categories, namely sensible, latent and thermochemical. The main drivers that propel development of TES system are advancements in material sciences and the emergence of smart thermal grid. Although some of the TES system is already mature especially sensible, adoption of this technology is still slow due to lack of awareness from stakeholders to employ this technology as a method to achieve energy efficiency. Furthermore, high cost of new technology and the recent dramatic drop in oil prices have inhibited or slowed the adoption of TES due to less compelling economics. By using Analytical Hierarchy Process (AHP), emerging TES systems based on latent and thermochemical have been identified as the future of TES systems because it shows remarkable performance capabilities. However, strengthening legislation and standardization frameworks need to be done to see wider adoption of TES systems in the future, especially in Europe and North America.

Table of Contents

Research Process and Methodology

Research Scope

Key Findings

Summary of Thermal Energy Storage

Technology Snapshot

Technology Snapshot

Technology Assessment

Technology Assessment

Technology Assessment

Technology Assessment

Technology Assessment

Technology Assessment

Technology Assessment

Technology Assessment

Technology Assessment

Benefit-Cost Ratio

Technology Value Chain

Technology Value Chain (continued)

Technology Value Chain (continued)

Technology Value Chain (continued)

Application of Thermal Energy Storage

Potential Application – Available Market

Technology Drivers and Challenges

Market Drivers and Challenges

Market Drivers and Challenges (continued)

Stakeholder Activities

Stakeholder Activities

Stakeholder Activities

Industry Initiatives

Industry Initiatives

Industry Initiatives

Industry Initiatives

Analytical Hierarchy Process (AHP)-Based Technology Roadmap

AHP-Based Technology Roadmap

AHP-Based Technology Roadmap (continued)

AHP-Based Technology Roadmap (continued)

AHP-Based Technology Roadmap (continued)

AHP-Based Technology Roadmap (continued)

AHP-Based Technology Roadmap (continued)

AHP-Based Technology Roadmap (continued)

AHP-Based Technology Roadmap (continued)

AHP-Based Technology Roadmap (continued)

AHP-Based Technology Roadmap (continued)

AHP-Based Technology Roadmap (continued)

AHP–Analyst Insights

AHP–Analyst Insights (continued)

Data for AHP

Some Key Patents

Some Key Patents (continued)

Some Key Patents (continued)

Contact Details

Legal Disclaimer

The Frost & Sullivan Story

Value Proposition: Future of Your Company & Career

Global Perspective

Industry Convergence

360º Research Perspective

Implementation Excellence

Our Blue Ocean Strategy

Thermal energy storage (TES) is a system to store thermal energy. TES can be differentiated into three different categories, namely sensible, latent and thermochemical. The main drivers that propel development of TES system are advancements in material sciences and the emergence of smart thermal grid. Although some of the TES system is already mature especially sensible, adoption of this technology is still slow due to lack of awareness from stakeholders to employ this technology as a method to achieve energy efficiency. Furthermore, high cost of new technology and the recent dramatic drop in oil prices have inhibited or slowed the adoption of TES due to less compelling economics. By using Analytical Hierarchy Process (AHP), emerging TES systems based on latent and thermochemical have been identified as the future of TES systems because it shows remarkable performance capabilities. However, strengthening legislation and standardization frameworks need to be done to see wider adoption of TES systems in the future, especially in Europe and North America.
More Information
No Index No
Podcast No
Author Hafiz Amin
Industries Energy
WIP Number D6A7-01-00-00-00
Keyword 1 Thermal Energy Storage Trends
Keyword 2 Emerging Trends in Thermal Energy Storage
Keyword 3 Thermal Energy Storage
Is Prebook No