  The coexistence of multiple structural phases and field induced short-range
to long-range order transition in ferroelectric materials, leads to a strong
electrocaloric effect (ECE) and electrical energy storage density (Wrec) in the
vicinity of ferroelectric to non-ergodic phase transition in NKBT ceramic.
Structural analysis using X-ray diffraction, Raman spectroscopy and TEM studies
ascertained the coexistence of tetragonal (P4mm) and rhombohedral (R3c) phases.
Dielectric study has revealed a critical slowing down of polar domain dynamics
below a diffuse phase transition. Present investigation reports ECE in
lead-free (Na0.8K0.2)0.5Bi0.5TiO3 (NKBT) ceramic by direct and indirect
methods, which confirm the multifunctional nature of NKBT and its usefulness
for applications in refrigeration and energy storage. A direct method of EC
measurement in NKBT ceramic exhibits significant adiabatic temperature change
({\Delta}T) ~ 1.10 K and electrocaloric strength ({\xi}) ~ 0.55 Kmm/kV near the
ferroelectric to non-ergodic phase transition at an external applied field of
20 kV/cm. A highest recoverable energy (Wrec) ~ 0.78 J/cm3 and electrical
storage efficiency ({\eta}) ~ 86% are achieved at 423 K and an applied field of
20 kV/cm. This behavior is ascribed to the delicate balance between the field
induced order-disordered transition and the thermal energy needed to disrupt
field induced co-operative interaction.
