Market Overview:
The global high temperature energy storage market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for grid load leveling, stationary storage, and concentrated solar power (CSP) applications. NaS batteries are expected to hold a major share of the global high temperature energy storage market during the forecast period. However, NaMx batteries are projected to witness higher growth rates owing to their advantages over NaS batteries in terms of cycle life and thermal stability. Asia Pacific is expected to be the fastest-growing region for high temperature energy storage during the forecast period.
Product Definition:
High Temperature Energy Storage (HTES) is the use of high temperature materials and systems to store thermal energy for later use. HTES has a number of advantages over traditional storage methods, including higher efficiency, longer life cycles, and lower costs. HTES is becoming increasingly important as renewable energy sources like solar and wind become more common.
NaS Batteries:
The global sodium sulfur battery (NaS) market size was valued at USD 4.5 billion in 2016 and is expected to witness a significant growth owing to the growing demand for energy storage applications across various end-use industries including residential, commercial, industrial and utilities. The NaS batteries are considered as one of the most efficient batteries having high energy density with low maintenance charges & weight coupled with long life span.
NaMx Batteries:
The global NaMx batteries market size was valued at USD 5.5 billion in 2016 and is expected to witness a growth of 6.6% over the forecast period, growing at an estimated CAGR of XX% from 2017 to 2027.
Application Insights:
The stationary storage segment dominated the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for renewable sources, such as solar and wind energy, across various regions. Furthermore, technological advancements in thermal energy storage systems are expected to drive their demand over the coming years. For instance, molten salt electro-thermal (MSE) technology is gaining popularity due to its ability to store large amount of electricity with low temperature operation which makes it suitable for stationary power applications.
Regional Analysis:
Europe accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing a growing demand for HTS systems due to increasing penetration of renewable energy in countries such as Germany, Spain, Italy, and France. In addition, technological advancements coupled with government initiatives aimed at reducing carbon emissions are expected to drive industry growth over the coming years.
Asia Pacific is projected to be one of the fastest-growing regions owing to rapid industrialization along with an increase in electricity demand from developing economies such as China and India. Furthermore, favorable government policies aimed at promoting investments through FDI are anticipated to boost market development across all major regional markets including South Korea and Japan over the next eight years.
Growth Factors:
- Increasing demand for energy storage systems from the utility sector to store renewable energy
- Growing demand for electric vehicles and hybrid electric vehicles
- Development of advanced technologies such as solid-state batteries and next-generation flow batteries
- Proliferation of microgrids and distributed generation systems
- Government policies supporting the deployment of high temperature energy storage systems
Scope Of The Report
Report Attributes
Report Details
Report Title
High Temperature Energy Storage Market Research Report
By Type
NaS Batteries, NaMx Batteries, TES System
By Application
Grid Load Leveling, Stationary Storage, Concentrated Solar Power (CSP), Other
By Companies
ABENGOA SOLAR, Siemens, SolarReserve, GE, Bright Source, NGK Insulators, Archimede Solar Energy, Linde, TSK Flagsol, Idhelio, Sunhome
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global High Temperature Energy Storage Market Report Segments:
The global High Temperature Energy Storage market is segmented on the basis of:
Types
NaS Batteries, NaMx Batteries, TES System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Grid Load Leveling, Stationary Storage, Concentrated Solar Power (CSP), Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABENGOA SOLAR
- Siemens
- SolarReserve
- GE
- Bright Source
- NGK Insulators
- Archimede Solar Energy
- Linde
- TSK Flagsol
- Idhelio
- Sunhome
Highlights of The High Temperature Energy Storage Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- NaS Batteries
- NaMx Batteries
- TES System
- By Application:
- Grid Load Leveling
- Stationary Storage
- Concentrated Solar Power (CSP)
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the High Temperature Energy Storage Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
High temperature energy storage is a technology that uses heat to store energy. This can be used to store solar or wind power, for example.
Some of the major companies in the high temperature energy storage market are ABENGOA SOLAR, Siemens, SolarReserve, GE, Bright Source, NGK Insulators, Archimede Solar Energy, Linde, TSK Flagsol, Idhelio, Sunhome.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. High Temperature Energy Storage Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. High Temperature Energy Storage Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. High Temperature Energy Storage Market - Supply Chain
4.5. Global High Temperature Energy Storage Market Forecast
4.5.1. High Temperature Energy Storage Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. High Temperature Energy Storage Market Size (000 Units) and Y-o-Y Growth
4.5.3. High Temperature Energy Storage Market Absolute $ Opportunity
5. Global High Temperature Energy Storage Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. High Temperature Energy Storage Market Size and Volume Forecast by Type
5.3.1. NaS Batteries
5.3.2. NaMx Batteries
5.3.3. TES System
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global High Temperature Energy Storage Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. High Temperature Energy Storage Market Size and Volume Forecast by Application
6.3.1. Grid Load Leveling
6.3.2. Stationary Storage
6.3.3. Concentrated Solar Power (CSP)
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global High Temperature Energy Storage Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. High Temperature Energy Storage Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global High Temperature Energy Storage Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. High Temperature Energy Storage Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global High Temperature Energy Storage Demand Share Forecast, 2019-2026
9. North America High Temperature Energy Storage Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America High Temperature Energy Storage Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America High Temperature Energy Storage Market Size and Volume Forecast by Application
9.4.1. Grid Load Leveling
9.4.2. Stationary Storage
9.4.3. Concentrated Solar Power (CSP)
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America High Temperature Energy Storage Market Size and Volume Forecast by Type
9.7.1. NaS Batteries
9.7.2. NaMx Batteries
9.7.3. TES System
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America High Temperature Energy Storage Demand Share Forecast, 2019-2026
10. Latin America High Temperature Energy Storage Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America High Temperature Energy Storage Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America High Temperature Energy Storage Market Size and Volume Forecast by Application
10.4.1. Grid Load Leveling
10.4.2. Stationary Storage
10.4.3. Concentrated Solar Power (CSP)
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America High Temperature Energy Storage Market Size and Volume Forecast by Type
10.7.1. NaS Batteries
10.7.2. NaMx Batteries
10.7.3. TES System
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America High Temperature Energy Storage Demand Share Forecast, 2019-2026
11. Europe High Temperature Energy Storage Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe High Temperature Energy Storage Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe High Temperature Energy Storage Market Size and Volume Forecast by Application
11.4.1. Grid Load Leveling
11.4.2. Stationary Storage
11.4.3. Concentrated Solar Power (CSP)
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe High Temperature Energy Storage Market Size and Volume Forecast by Type
11.7.1. NS Batteries
11.7.2. NaMx Batteries
11.7.3. TES System
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe High Temperature Energy Storage Demand Share, 2019-2026
12. Asia Pacific High Temperature Energy Storage Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific High Temperature Energy Storage Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific High Temperature Energy Storage Market Size and Volume Forecast by Application
12.4.1. Grid Load Leveling
12.4.2. Stationary Storage
12.4.3. Concentrated Solar Power (CSP)
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific High Temperature Energy Storage Market Size and Volume Forecast by Type
12.7.1. NaS Batteries
12.7.2. NaMx Batteries
12.7.3. TES System
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific High Temperature Energy Storage Demand Share, 2019-2026
13. Middle East & Africa High Temperature Energy Storage Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa High Temperature Energy Storage Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa High Temperature Energy Storage Market Size and Volume Forecast by Application
13.4.1. Grid Load Leveling
13.4.2. Stationary Storage
13.4.3. Concentrated Solar Power (CSP)
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa High Temperature Energy Storage Market Size and Volume Forecast by Type
13.7.1. NaS Batteries
13.7.2. NaMx Batteries
13.7.3. TES System
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa High Temperature Energy Storage Demand Share, 2019-2026
14. Competition Landscape
14.1. Global High Temperature Energy Storage Market: Market Share Analysis
14.2. High Temperature Energy Storage Distributors and Customers
14.3. High Temperature Energy Storage Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ABENGOA SOLAR
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SolarReserve
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. GE
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bright Source
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NGK Insulators
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Archimede Solar Energy
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Linde
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. TSK Flagsol
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Idhelio
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Sunhome
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
