한글목차

세계의 열에너지 저장 시장의 미래는 유틸리티, 상업, 산업의 각 시장에서의 기회로 유망시되고 있습니다. 세계의 열에너지 저장 시장은 2025-2031년 CAGR이 13.9%로, 2031년까지 추정 5억 6,660만 달러에 달할 것으로 예상되고 있습니다. 이 시장의 주요 촉진요인은 HVAC 시스템의 이용 확대와 그린 빌딩에서 에너지 저장의 요구 증가입니다.

• Lucintel의 예측에 따르면 용도별로는 발전이 예측 기간 중 가장 큰 부문을 차지할 것으로 보입니다.
• 최종 용도별로는 유틸리티가 예측 기간 중 가장 큰 부문을 차지할 것으로 보입니다.
• 지역별로는 유럽이 예측 기간 중 가장 규모가 큰 지역으로 남을 것으로 보입니다.

열에너지 저장 시장의 전략적 성장 기회

열에너지 저장 시장은 다양한 용도에 걸쳐 다양한 전략적 성장 기회를 제공합니다. 그 배경에는 지속가능한 에너지 솔루션에 대한 지속적인 높은 수요와 각 분야에서의 기술 성장이 있습니다. 세계 각국은 에너지를 전략적으로 활용하고 에너지 수급을 효과적으로 관리하기 위한 기본 툴로 재생에너지원과 TES 시스템을 도입하고 있습니다. 주요 성장 분야로는 주거용 냉난방, 산업 공정, 지역 에너지 시스템, 집광형 태양광발전(CSP), 전기자동차(EV) 충전 인프라 등이 있습니다. 이러한 분야에 자본을 투자함으로써 이해관계자들은 경제적 이익을 얻는 동시에 보다 지속가능한 에너지 환경에 기여할 수 있습니다. 이 보고서에서는 TES 시장의 5가지 주요 성장 기회를 파악하고 그 잠재적 영향력을 설명합니다.

• 주택 냉난방 : 주택 분야에서 열에너지 저장의 적용은 냉난방 요구사항을 충족시킬 수 있는 큰 성장 기회를 제공합니다. 점점 더 많은 주택 소유주들이 에너지 효율적인 솔루션을 찾고 있으며, TES 시스템은 피크 시간대에 생산된 잉여 열을 저장했다가 나중에 피크 시간대에 사용할 수 있도록 함으로써 에너지 소비를 효율적으로 조절합니다. 온수 탱크 및 주거용 상변화물질 등 TES 기술의 인기가 높아짐에 따라 에너지 절약 및 쾌적성 향상에 대한 잠재력이 높아지고 있습니다. 또한 각국 정부가 에너지 효율 향상을 위한 인센티브를 도입하고 있으므로 주거 환경에서의 TES 솔루션 도입은 더욱 탄력을 받아 보다 지속가능한 에너지 환경이 형성될 것으로 예상됩니다.
• 산업 응용 : 에너지 효율 향상과 운영 비용 절감이 이루어짐에 따라 산업 공정에 열에너지 저장을 적용하는 것에 대한 관심이 높아지고 있습니다. 제조, 식품 가공, 화학 제조 등의 산업에서 운영 중 발생하는 잉여 열을 저장하는 TES 시스템 도입을 고려하는 움직임이 가속화되고 있습니다. 이러한 전환은 비용 절감뿐만 아니라 산업 공정의 이산화탄소 배출량을 최소화할 수 있습니다. 산업계가 지속가능성과 효율성을 추구함에 따라 TES 기술에 대한 수요는 확대될 것으로 예상되며, 이 분야에 대한 추가 연구와 투자 기회를 자극할 것으로 예상됩니다.
• 지역 에너지 시스템 : 지역 에너지 시스템은 하나의 중앙 집중식 전원으로 여러 건물을 냉난방하는 시스템으로, TES의 성장 기회가 될 수 있으며, TES를 지역 냉난방 네트워크에 통합함으로써 사업자는 에너지 사용을 최적화하고 화석 연료에 대한 의존도를 최소화할 수 있습니다. 최소화할 수 있습니다. 수요가 적을 때 TES에 열에너지를 저장했다가 수요가 많을 때 사용하면 전체 에너지 공급의 효율성이 크게 향상되어 전력망의 안정성을 높일 수 있습니다. 도시화가 진행됨에 따라 지역 에너지 시스템에 대한 수요가 증가함에 따라 TES는 현대 인프라에 필수적인 존재가 되었습니다.
• 집광형 태양열발전(CSP) : CSP 프로젝트의 확대는 열에너지 저장의 발전에 많은 기회를 가져다 주며, CSP 기술은 거울이나 렌즈를 사용하여 햇빛을 고온의 표면에 집중시켜 열로 저장하여 흐린 날에도 발전할 수 있는 기술입니다. 일조량이 많을 때 생산된 에너지는 CSP 플랜트의 TES 시스템을 통해 저장되었습니다가 가장 필요할 때 또는 태양광발전 출력이 낮을 때 공급됩니다. 재생에너지에 대한 전 세계의 관심이 높아짐에 따라 CSP와 통합 TES에 대한 투자가 급증할 것으로 예상되며, 이러한 시스템이 솔루션의 중요한 구성 요소가 될 것으로 예상됩니다.
• 전기자동차(EV) 충전 인프라 : 전기자동차(EV)의 등장은 특히 충전 인프라에 있으며, 열에너지 저장의 새로운 지평을 열고 있으며, TES를 EV 충전소에 통합하여 오프-피크시 열에너지를 저장하고 피크 시에는 이를 사용하여 충전 작업을 지원함으로써 에너지 부하를 효율적으로 관리할 수 있습니다. 에너지 부하를 효율적으로 관리할 수 있습니다. 이를 통해 충전소의 효율성을 향상시키고, 충전 과정에 재생에너지원의 활용을 지원할 수 있습니다. 더 많은 전기자동차가 이러한 추세를 수용함에 따라 TES는 충전소의 에너지 사용을 최적화하는 데 있으며, 점점 더 중요한 역할을 할 것으로 보입니다.

다양한 용도와 기술 혁신의 가능성은 열에너지 저장 시장의 전략적 성장 기회에 기여하고 있습니다. 주택 난방, 산업 공정, 지역 에너지 시스템, 집광형 태양광발전, 전기자동차 충전 인프라 등의 기회는 이해관계자들이 TES 기술의 적용을 촉진하고 저탄소 에너지의 미래에 기여하는 동시에 보다 효율적이고 지속가능한 에너지 사용을 제공하는 데 도움이 될 것입니다.

열에너지 저장 시장 성장 촉진요인 및 과제

열에너지 저장(TES) 시장은 에너지 효율, 지속가능성, 에너지 안보에 대한 수요 증가로 인해 비약적인 성장을 하고 있습니다. 그러나 기술적 한계, 비용, 정책적 장벽 등 몇 가지 과제가 시장 역학에 영향을 미치고 있습니다. 시장 성장 촉진요인과 과제를 이해하면 이해관계자들이 TES 기술 개발을 강화하고 시장 기회를 활용하기 위한 효과적인 전략을 수립하는 데 도움이 될 수 있습니다.

성장 촉진요인

• 에너지 효율에 대한 수요 증가 : 정부와 기업이 에너지 효율적인 방법을 추구함에 따라 TES 솔루션에 대한 수요가 증가하고 있으며, TES는 재생에너지원에서 발생하는 잉여 에너지를 효과적으로 저장할 수 있으며, 에너지 소비 효율을 향상시킬 수 있습니다.
• 재생에너지원의 통합 : 태양광, 풍력 등 재생에너지원에 대한 의존도가 높아짐에 따라 효과적인 에너지 저장 솔루션이 필요하며, TES는 이러한 에너지원의 간헐성을 관리하고 생산량이 적을 때에도 안정적인 에너지 공급을 보장하는 데 필수적입니다. 필수적입니다.
• 정부 지원 정책 : 에너지 효율과 재생에너지 도입을 촉진하는 정부의 인센티브와 정책은 시장의 중요한 촉진요인입니다. 재정적 인센티브와 규제 프레임워크는 TES 기술에 대한 투자를 촉진하고 시장 성장을 가속합니다.
• 지속가능성과 기후 목표에 대한 관심 증가 : 기후 변화에 대한 우려가 높아지면서 지속가능한 에너지 시스템으로의 전환이 가속화되고 있습니다. 열에너지 저장은 에너지 시스템의 탈탄소화에 필수적이며, 기후 변화 목표 달성에 필수적입니다.
• 기술 발전 : 재료 과학 및 공학 분야의 지속적인 혁신은 보다 효율적인 TES 시스템 개발에 기여하고 있습니다. 상 변화 재료 및 기타 기술의 발전으로 성능이 향상되어 TES가 다양한 용도에서 더욱 매력적인 선택이 되고 있습니다.

과제

• 높은 초기 비용 : 열에너지 저장 시스템 도입에 필요한 설비 투자는 많은 기업과 조직에 장벽이 될 수 있으며, TES 솔루션의 장기적인 절감 효과에도 불구하고 높은 초기 비용은 잠재적 도입자의 발목을 잡을 수 있습니다.
• 기술적 한계 : 기존 TES 기술 중 일부는 효율성과 확장성에 한계가 있으며, 보급에 영향을 미치는 경우도 있습니다. 이러한 한계를 극복하고 전반적인 성능을 향상시키기 위해서는 지속적인 연구개발이 필요합니다.
• 인식과 이해 부족 : 많은 잠재적 사용자들이 TES의 장점과 기존 에너지 시스템과의 통합 방법을 충분히 이해하지 못할 수 있습니다. 이러한 인식 부족은 시장 성장과 보급률을 저해하는 요인이 될 수 있습니다.
• 규제 및 정책 장벽 : 정부 정책 중 일부는 TES를 지원하는 반면, 일부는 시장 진입을 가로막는 장벽으로 작용합니다. 일관성 없는 규제와 지원 부족은 TES 기술 투자를 고려하는 이해관계자들에게 어려움을 초래할 수 있습니다.
• 대체 에너지 저장 솔루션과의 경쟁 : 리튬이온 배터리 및 기타 첨단 시스템 등 다양한 에너지 저장 기술의 등장은 TES에 경쟁자를 불러일으킬 수 있습니다. 이러한 대체 에너지가 확산됨에 따라 TES는 가치 제안의 차별화에 대한 문제에 직면할 수 있습니다.

열에너지 저장 시장의 주요 촉진요인과 과제를 이해하는 것은 진화하는 열에너지 저장 시장을 효과적으로 탐색하고자 하는 이해관계자들에게 필수적입니다. 시장 성장 촉진요인을 활용하고 과제를 해결함으로써 이해관계자들은 열에너지 저장의 미래를 형성하고 보다 지속가능한 에너지의 미래에 기여하는 데 중요한 역할을 할 수 있습니다.

목차

제1장 개요

제2장 세계의 열에너지 저장 시장 : 시장 역학

• 서론, 배경, 분류
• 공급망
• 업계 촉진요인과 과제

제3장 시장 동향과 예측 분석(2019-2031년)

• 거시경제 동향(2019-2024년)과 예측(2025-2031년)
• 세계의 열에너지 저장 시장 동향(2019-2024년)과 예측(2025-2031년)
• 세계의 열에너지 저장 시장 : 기술별
  • 현열 축열
  • 잠열 축열
  • 열화학 저장
• 세계의 열에너지 저장 시장 : 축열 재료별
  • 물
  • 용융염
  • 상변화물질
  • 기타
• 세계의 열에너지 저장 시장 : 용도별
  • 발전
  • 지역 냉난방
  • 프로세스 가열·냉각
  • 기타
• 세계의 열에너지 저장 시장 : 최종 용도별
  • 유틸리티
  • 상업
  • 산업
  • 기타

제4장 지역별 시장 동향과 예측 분석(2019-2031년)

• 세계의 열에너지 저장 시장 : 지역별
• 북미의 열에너지 저장 시장
• 유럽의 열에너지 저장 시장
• 아시아태평양의 열에너지 저장 시장
• 기타 지역의 열에너지 저장 시장

제5장 경쟁 분석

• 제품 포트폴리오 분석
• 운영 통합
• Porter's Five Forces 분석

제6장 성장 기회와 전략 분석

• 성장 기회 분석
  • 세계의 열에너지 저장 시장의 성장 기회 : 기술별
  • 세계의 열에너지 저장 시장의 성장 기회 : 축열 재료별
  • 세계의 열에너지 저장 시장의 성장 기회 : 용도별
  • 세계의 열에너지 저장 시장의 성장 기회 : 최종 용도별
  • 세계의 열에너지 저장 시장의 성장 기회 : 지역별
• 세계의 열에너지 저장 시장의 새로운 동향
• 전략적 분석
  • 신제품 개발
  • 세계의 열에너지 저장 시장의 생산능력 확대
  • 세계의 열에너지 저장 시장에서의 기업인수합병(M&A), 합병사업
  • 인증과 라이선싱

제7장 주요 기업의 개요

• Abengoa Solar
• Burns & McDonnell
• SolarReserve
• BrightSource Energy
• Calmac
• MAN Energy Solutions
• Baltimore Air Coil Technology
• Cristopia Energy
• Cryogel
• Caldwell Energy

영문목차

The future of the global thermal energy storage market looks promising with opportunities in the utility, commercial, and industrial markets. The global thermal energy storage market is expected to reach an estimated $566.6 million by 2031 with a CAGR of 13.9% from 2025 to 2031. The major drivers for this market are the growing use of HVAC systems and the increasing need for energy storage in green buildings.

• Lucintel forecasts that, within the application category, the power generation will remain the largest segment over the forecast period.
• Within the end use category, utility will remain the largest segment over the forecast period.
• In terms of regions, Europe will remain the largest region over the forecast period.

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Emerging Trends in the Thermal Energy Storage Market

There are transformative trends in the thermal energy storage market that are changing the way energy is managed and consumed. The rise of technological advancements, a shifting landscape, and new policy frameworks, along with an increasing focus on sustainability, are reshaping the way energy is managed and consumed.

• With TES and renewable energy sources: The principles of solar and wind energy are being integrated with thermal energy storage, capturing unused surplus energy created during periods of peak demand in an efficient manner that guarantees a source of power when needed.
• Materials Science Developments: Ongoing innovations in materials science result in more effective thermal energy storage technologies, with breakthroughs in phase-change materials for storing and releasing heat at a specific temperature. Therefore, TES is becoming more applicable across all sectors.
• Policy Support and Incentives: The growth of the thermal energy storage market depends significantly on government policies and incentives. Country regulations are swift, motivating investment in TES technologies through financial incentives like tax credits, grants, and supportive frameworks.
• Focus on Energy Resilience: The growing global focus on energy resilience, including climate change and extreme weather, has increased interest in TES as a necessary backup power solution that maintains energy supply during outages and enhances the reliability of critical infrastructure.
• Decentralization of Energy Systems: The shift toward decentralized energy solutions encourages localized thermal energy storage systems, allowing consumers to have greater control over energy and reducing pressure on the centralized energy grid, particularly in urban centers.

These emerging trends are transforming the thermal energy storage market by facilitating innovation, improving integration into renewable energy sources, and paving the way for supportive policies that promise a bright future for sustainable energy.

Recent Developments in the Thermal Energy Storage Market

The TES market is rapidly developing due to technological advancements, global aspirations for sustainability, and the integration of renewable energy sources. As countries focus more on improving efficiency in the energy sector and reducing carbon emissions, energy supply management has become increasingly dependent on effective TES systems. These systems help overcome intermittency from solar and wind resources, especially for storing excess thermal energy for later use. The growth of large-scale projects and innovations in material sciences are crucial advancements for integration into smart grid technologies. Increased industrial uptake and heightened attention to sustainability are notable recent developments. Taken together, these advances are transforming the TES landscape and becoming essential components in developing energy plans and policies for a secure and resource-efficient energy future.

• Advances in Materials Science: Recent developments in materials science significantly advance thermal energy storage systems. Innovations in phase-change materials (PCMs) and high-performance insulation technologies improve storage capacity and heat transfer efficiency. These materials are capable of absorbing and releasing heat at selected temperatures, making them excellent for residential heating and various industrial applications. New, lower-cost PCMs help reduce overall system costs, making TES solutions competitive with other energy storage technologies. As materials evolve, efficiency and effectiveness in TES systems will increase, leading to wider application across many sectors and a more effective contribution to energy sustainability.
• Large-scale Project Scale-Up: The scaling up of large-scale Thermal Energy Storage projects, particularly in concentrated solar power (CSP) plants, represents an important development for the TES market. These projects, which store energy produced by molten salt or other advanced mediums, allow excess daytime energy to be accumulated and used at nighttime or during peak demand. Therefore, reliance on fossil fuels is avoided while enhancing the efficiency of these renewable sources. Examples include several new projects under development in the United States, China, and Spain. Massive TES systems will support grid stability while accelerating the growth of renewable energy and helping to achieve national decarbonization targets.
• Coupling with Smart Grids: Coupling with smart grid technologies enables thermal energy storage systems to enhance energy management and distribution. Smart grids facilitate efficient energy flow in real time, controlling demand and fluctuations by optimizing the usage of stored thermal energy. This integration allows for better synchronization of energy generation and consumption, resulting in an advanced level of efficiency in energy systems overall. By employing predictive analytics and automated controls, utilities can reduce peak loads and save on energy costs, benefiting consumers in the long run. The synergetic role of TES with grid management systems will be increasingly crucial in the development of future smart grid technologies.
• Industrial Applications and Increased Adoption: Thermal energy storage is rapidly gaining traction in industries, particularly in energy-intensive sectors like manufacturing and food processing. Industries recognize TES's potential for energy cost savings and enhanced operational efficiency. By utilizing excess heat produced during processes, companies can better manage their energy supplies and reduce demand during peak electricity tariffs. Furthermore, the ability to exploit this stored thermal energy for heating or cooling operations results in significant operational cost savings. As businesses increasingly strive to reduce their carbon footprint, the demand for TES in industrial applications is expected to rise, promoting the adoption of emerging storage technologies and systems.
• Focus on Sustainability and Carbon Neutrality: The rising emphasis on sustainability and carbon neutrality worldwide is expected to drive the thermal energy storage market, as nations increasingly focus on cutting carbon emissions. With this advanced goal, TES has gained importance as a necessary component for meeting strategic targets. TES systems support decarbonization across all sectors of the economy by enabling greater integration of renewable energy sources and enhancing energy efficiency. Additionally, governments are introducing incentives and regulations that encourage the development and entry of TES technologies into the market. As awareness of climate change impacts grows, the focus on sustainability is expected to lead to increased investment in thermal energy storage solutions.

Such emerging trends in the thermal energy storage market are altering the landscape of the field, encouraging innovation, and establishing TES systems as essential components of sustainable energy strategies. The future of thermal energy storage appears bright, driven by technological innovation in materials science, expansive large-scale projects, integration with smart grid technologies, increased industrial uptake, and a growing concern for sustainability. As these developments progress, they will play a crucial role in advancing energy efficiency globally and promoting a low-carbon future.

Strategic Growth Opportunities for Thermal Energy Storage Market

The thermal energy storage market presents various strategic growth opportunities across diverse applications. This is driven by the ongoing high demand for sustainable energy solutions and the growth of technology in each field. Countries worldwide are strategically utilizing energy and incorporating renewable sources and TES systems as fundamental tools for effectively managing energy supply and demand. Key growth sectors include residential heating and cooling, industrial processes, district energy systems, concentrated solar power (CSP), and electric vehicle (EV) charging infrastructure. By capitalizing on these sectors, stakeholders can contribute to a more sustainable energy landscape while benefiting economically. This overview identifies five key growth opportunities in the TES market and explains their potential impacts.

• Residential Heating and Cooling: In the residential sector, the application of thermal energy storage presents significant growth opportunities to meet heating and cooling requirements. More homeowners are seeking energy-efficient solutions, and TES systems efficiently regulate energy consumption by storing surplus heat produced during off-peak hours for later use during peak demand. The increasing popularity of TES technologies, such as hot water tanks and phase change materials for homes, enhances their potential for energy savings and improved comfort. Additionally, as governments embrace incentives for energy efficiency upgrades, the uptake of TES solutions within residential settings is expected to gain momentum, forming a more sustainable energy landscape.
• Industrial Applications: The interest in applying thermal energy storage in industrial processes is growing as improvements in energy efficiency and reduced operational costs are achieved. Industries such as manufacturing, food processing, and chemical production are increasingly considering the installation of TES systems to store excess heat generated during operations, allowing energy usage to be shifted to off-peak times and taking advantage of lower electricity prices. This transition not only cuts costs but also minimizes the carbon footprint of industrial processes. As industries continue to pursue sustainability and efficiency, the demand for TES technologies is expected to grow, stimulating further research and investment opportunities in this sector.
• District Energy Systems: District energy systems, where multiple buildings are heated or cooled from a single centralized source, represent an exciting growth opportunity for TES. Integrating TES with district heating and cooling networks allows operators to optimize energy usage and minimize reliance on fossil fuels. By storing thermal energy in TES during low-demand periods and utilizing it during peak demand, overall energy supply efficiency is significantly improved, leading to grid stability. As urbanization continues to rise, the demand for district energy systems will increase, making TES an integral part of modern infrastructure.
• Concentrated Solar Power (CSP): The expansion of CSP projects presents numerous opportunities for development in thermal energy storage. CSP technology uses mirrors or lenses to focus sunlight onto a hot surface, which can then be stored as heat and used to generate electricity even on cloudy days. Energy generated during peak sunlight hours can be stored through TES systems in CSP plants and delivered when needed most or when solar output is low. As global attention on renewable energy increases, investments in CSP and its integrated TES are expected to surge, positioning these systems as crucial components of the solution.
• Electric Vehicle (EV) Charging Infrastructure: The rise of electric vehicles (EVs) marks a new frontier for thermal energy storage, particularly regarding charging infrastructure. TES can be integrated into EV charging stations to manage energy loads efficiently by storing thermal energy during off-peak times and using it to support charging operations during peak demand. This enhances charging station efficiency and supports the incorporation of renewable energy sources into the charging process. As more electric vehicles embrace this trend, TES will play an increasingly necessary role in optimizing energy use at charging stations.

Diversified applications and innovation potential contribute to the strategic growth opportunities in the thermal energy storage market. Opportunities such as residential heating, industrial processes, district energy systems, concentrated solar power, and electric vehicle charging infrastructure can help stakeholders drive the application of TES technologies, which will provide more efficient and sustainable energy use while contributing to a low-carbon energy future.

Thermal Energy Storage Market Driver and Challenges

The thermal energy storage (TES) market is on the verge of exponential growth, driven by the rising demand for energy efficiency, sustainability, and energy security. However, several challenges are also affecting market dynamics, including technological limitations, costs, and policy barriers. Understanding the drivers and challenges can help stakeholders develop effective strategies to enhance the deployment of TES technologies and capitalize on market opportunities.

Drivers

• Increasing Demand for Energy Efficiency: As governments and businesses pursue energy-efficient practices, the demand for TES solutions is rising. TES can effectively store excess energy generated from renewable sources, allowing for greater energy efficiency in energy consumption.
• Integration of Renewable Energy Sources: The growing reliance on renewable energy sources such as solar and wind necessitates effective energy storage solutions. TES is vital for managing the intermittency of these sources, ensuring a reliable energy supply even when production is low.
• Supportive Government Policies: Government incentives and policies that promote energy efficiency and renewable energy adoption are significant market drivers. Financial incentives and regulatory frameworks can encourage investment in TES technologies, driving market growth.
• Growing Focus on Sustainability and Climate Goals: With increasing concerns over climate change, the transition to sustainable energy systems has gained momentum. Thermal energy storage is essential for decarbonizing energy systems, making it crucial for achieving climate goals.
• Technological Advancements: Ongoing innovations in materials science and engineering contribute to the development of more efficient TES systems. Advances in phase-change materials and other technologies are enhancing performance, making TES a more attractive option for various applications.

Challenges

• High Initial Costs: The capital investment required for implementing thermal energy storage systems can be a barrier for many businesses and organizations. High upfront costs may deter potential adopters despite the long-term savings associated with TES solutions.
• Technological Limitations: Some existing TES technologies face limitations in efficiency and scalability, which can impact their widespread adoption. Ongoing research and development are necessary to address these limitations and improve overall performance.
• Lack of Awareness and Understanding: Many potential users may not fully understand the benefits of TES or how it can integrate with existing energy systems. This lack of awareness can hinder market growth and adoption rates.
• Regulatory and Policy Barriers: While some government policies support TES, others may create barriers to market entry. Inconsistent regulations or lack of support can pose challenges for stakeholders looking to invest in TES technologies.
• Competition from Alternative Energy Storage Solutions: The rise of various energy storage technologies, such as lithium-ion batteries and other advanced systems, presents competition for TES. As these alternatives gain traction, TES may face challenges in differentiating its value proposition.

Understanding the key drivers and challenges in the thermal energy storage market is vital for stakeholders aiming to navigate this evolving landscape effectively. By leveraging market drivers and addressing challenges, stakeholders can play a crucial role in shaping the future of thermal energy storage and contributing to a more sustainable energy future.

List of Thermal Energy Storage Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies thermal energy storage companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the thermal energy storage companies profiled in this report include-

• Abengoa Solar
• Burns & McDonnell
• SolarReserve
• BrightSource Energy
• Calmac
• MAN Energy Solutions
• Baltimore Air Coil Technology
• Cristopia Energy
• Cryogel
• Caldwell Energy

Thermal Energy Storage by Segment

The study includes a forecast for the global thermal energy storage market by technology, storage material, application, end use, and region.

Thermal Energy Storage Market by Technology [Analysis by Value from 2019 to 2031]:

• Sensible Heat Storage
• Latent Heat Storage
• Thermochemical Storage

Thermal Energy Storage Market by Storage Material [Analysis by Value from 2019 to 2031]:

• Water
• Molten Salts
• Phase Change Materials
• Others

Thermal Energy Storage Market by Application [Analysis by Value from 2019 to 2031]:

• Power Generation
• District Heating & Cooling
• Process Heating & Cooling
• Others

Thermal Energy Storage Market by End Use [Analysis by Value from 2019 to 2031]:

• Utilities
• Commercial
• Industrial
• Others

Thermal Energy Storage Market by Region [Analysis by Value from 2019 to 2031]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Thermal Energy Storage Market

Thermal energy storage (TES) has received massive attention worldwide as countries try to enhance energy efficiency and properly integrate renewable sources into their energy systems, especially given rising energy demands and climate change.

• United States: The U.S. market has been growing due to technological innovation and enabling policies, especially with molten salt storage systems for concentrated solar power plants, which allow for extended energy delivery beyond daylight hours.
• China: China remains a significant participant in TES research, investing heavily in R&D of phase change materials (PCMs) and large-scale storage systems to support its renewable energy targets and energy efficiency.
• Germany: Sustainability is the focus in Germany. TES-based supportive technologies, such as innovative seasonal thermal energy storage systems that utilize excess heat generation during warmer months, will be employed to store energy for colder months.
• India: India is increasingly recognizing the potential of TES as a vital component in supporting its solar energy initiatives, including pilot projects for molten salt storage systems in concentrated solar power plants and a growing emphasis on integrating TES with industrial energy processes.
• Japan: Following the post-energy crisis triggered by the Fukushima disaster, energy efficiency and resilience, guided by the maxim of reliability, have led Japan to deploy TES systems in residential heating applications while investing heavily in developing advanced materials that enhance thermal storage performance and reliability.

Features of the Global Thermal Energy Storage Market

Market Size Estimates: Thermal energy storage market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: Thermal energy storage market size by various segments, such as by technology, storage material, application, end use, and region in terms of value ($M).

Regional Analysis: Thermal energy storage market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different technologies, storage materials, applications, end uses, and regions for the thermal energy storage market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the thermal energy storage market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the thermal energy storage market by technology (sensible heat storage, latent heat storage, and thermochemical storage), storage material (water, molten salts, phase change materials, and others), application (power generation, district heating & cooling, process heating & cooling, and others), end use (utilities, commercial, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Thermal Energy Storage Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2019 to 2031

• 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
• 3.2. Global Thermal Energy Storage Market Trends (2019-2024) and Forecast (2025-2031)
• 3.3: Global Thermal Energy Storage Market by Technology
  • 3.3.1: Sensible Heat Storage
  • 3.3.2: Latent Heat Storage
  • 3.3.3: Thermochemical Storage
• 3.4: Global Thermal Energy Storage Market by Storage Material
  • 3.4.1: Water
  • 3.4.2: Molten Salts
  • 3.4.3: Phase Change Materials
  • 3.4.4: Others
• 3.5: Global Thermal Energy Storage Market by Application
  • 3.5.1: Power Generation
  • 3.5.2: District Heating & Cooling
  • 3.5.3: Process Heating & Cooling
  • 3.5.4: Others
• 3.6: Global Thermal Energy Storage Market by End Use
  • 3.6.1: Utilities
  • 3.6.2: Commercial
  • 3.6.3: Industrial
  • 3.6.4: Others

4. Market Trends and Forecast Analysis by Region from 2019 to 2031

• 4.1: Global Thermal Energy Storage Market by Region
• 4.2: North American Thermal Energy Storage Market
  • 4.2.1: North American Thermal Energy Storage Market by Application: Power Generation, District Heating & Cooling, Process Heating & Cooling, and Others
  • 4.2.2: North American Thermal Energy Storage Market by End Use: Utilities, Commercial, Industrial, and Others
• 4.3: European Thermal Energy Storage Market
  • 4.3.1: European Thermal Energy Storage Market by Application: Power Generation, District Heating & Cooling, Process Heating & Cooling, and Others
  • 4.3.2: European Thermal Energy Storage Market by End Use: Utilities, Commercial, Industrial, and Others
• 4.4: APAC Thermal Energy Storage Market
  • 4.4.1: APAC Thermal Energy Storage Market by Application: Power Generation, District Heating & Cooling, Process Heating & Cooling, and Others
  • 4.4.2: APAC Thermal Energy Storage Market by End Use: Utilities, Commercial, Industrial, and Others
• 4.5: ROW Thermal Energy Storage Market
  • 4.5.1: ROW Thermal Energy Storage Market by Application: Power Generation, District Heating & Cooling, Process Heating & Cooling, and Others
  • 4.5.2: ROW Thermal Energy Storage Market by End Use: Utilities, Commercial, Industrial, and Others

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Thermal Energy Storage Market by Technology
  • 6.1.2: Growth Opportunities for the Global Thermal Energy Storage Market by Storage Material
  • 6.1.3: Growth Opportunities for the Global Thermal Energy Storage Market by Application
  • 6.1.4: Growth Opportunities for the Global Thermal Energy Storage Market by End Use
  • 6.1.5: Growth Opportunities for the Global Thermal Energy Storage Market by Region
• 6.2: Emerging Trends in the Global Thermal Energy Storage Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Thermal Energy Storage Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Thermal Energy Storage Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: Abengoa Solar
• 7.2: Burns & McDonnell
• 7.3: SolarReserve
• 7.4: BrightSource Energy
• 7.5: Calmac
• 7.6: MAN Energy Solutions
• 7.7: Baltimore Air Coil Technology
• 7.8: Cristopia Energy
• 7.9: Cryogel
• 7.10: Caldwell Energy