TechNavio today launched its report, Global Molten Salt Thermal Energy Storage Market 2012-2016, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Clean Tech team said: ”The increased RandD activities in the Renewable Energy sector constitute another major prevailing trend in the Global Molten Salt Thermal Energy Storage (TES) market. There are various favorable policies and procedures that exist for boosting the Solar sector. For instance, the Federal Environment Ministry (FEM) in the US has plans to increase investment in research related to renewable energies; a massive amount was kept aside for RandD in the Renewable sector in 2011, part of which was diverted for RandD in the Global Molten Salt TES market.”
According to the report, the increase in the positive attributes of molten salt is one of the major factors that drives the growth of the market. The positive attributes of molten salt have increased as a result of RandD activities in the market. One of the most important qualities of molten salt energy TES is that it has operating temperatures compatible with high-pressure and high-temperature steam turbines.
Further, the report reveals that one of the major challenges confronting this market is the decline in solar subsidy rates.
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. For further information on this report, please visit https://www.technavio.com/content/global-molten-salt-thermal-energy-stora…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Clean Tech market research, please visit https://www.technavio.com/clean-technology
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TechNavio Announces the Publication of its Research Report – Global Molten Salt Thermal Energy Storage Market 2012-2016
