France Thermal Energy Storage Market Size, Share, And COVID-19 Impact Analysis, By Technology (Sensible Heat Storage, Latent Heat Storage, and Thermochemical Storage), By Storage Material (Water, Molten Salts, Phase Change Materials, and Others), and France Thermal Energy Storage Market Insights, Industry Trend, Forecasts To 2035
Industry: Energy & PowerFrance Thermal Energy Storage Market Size Insights Forecasts to 2035
- The France Thermal Energy Storage Market Size Was Estimated at USD 362.3 Million in 2024
- The France Thermal Energy Storage Market Size is Expected to Grow at a CAGR of around 11.6% from 2025 to 2035
- The France Thermal Energy Storage Market Size is Expected to Reach USD 1212.1 Million by 2035
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According to a Research Report published by Spherical Insights & Consulting, the France Thermal Energy Storage Market Size is anticipated to reach USD 1212.1 million by 2035, growing at a CAGR of 11.6% from 2025 to 2035. The France thermal energy storage market is driven the increasing demand for renewable energy, particularly solar and wind, and the need for reliable power and grid stability.
Market Overview:
Thermal energy storage (TES) is a technology that saves energy in the form of cold or heat in a material, not electricity, and makes use of it whenever necessary. It is an important process for demand & supply control of energy, especially in the case of systems where the energy source is intermittent in nature, like solar power or wind power. TES improves energy efficiency and reliability by storing thermal energy during surplus and discharging it when demand is high or the energy source cannot be accessed. TES can also make buildings adaptable, sustainable, and flexible, and save money. The market is expanding due in part to the rising demand for thermal energy storage systems in HVAC (heating, ventilation, and air conditioning) technologies for large-scale heating and cooling.
Report Coverage:
This research report categorizes the France thermal energy storage market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the France thermal energy storage market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the France thermal energy storage market.
France Thermal Energy Storage Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2024 |
Market Size in 2024: | 362.3 Million |
Forecast Period: | 2025-2035 |
Forecast Period CAGR 2025-2035 : | 11.6% |
2035 Value Projection: | 1212.1 Million |
Historical Data for: | 2020-2023 |
No. of Pages: | 148 |
Tables, Charts & Figures: | 125 |
Segments covered: | By Technology, By Storage Material And COVID-19 Impact Analysis |
Companies covered:: | Abengoa S.A., Baltimore Aircoil Company, Burns & McDonnell, Dunham-Bush Limited, EVAPCO, Inc., McDermott, CALMAC, Siemens Gamesa Renewable Energy, S.A., and Other key vendors |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factor
The need for electricity, district cooling and heating, and smart infrastructure heating and cooling is on the rise. The need for clean energy sources is on the rise, and thermal energy storage may serve as an alternative to fossil fuels. Governments, institutions, and universities worldwide are investing heavily in research and development to establish innovative storage systems with no or extremely low ecological footprint. New developments and research also focus on implementing thermal energy storage techniques in building design in the form of phase change material integration within air ducts and plaster.
Restraining Factor
Thermal energy storage facilities and equipment such as heat exchangers, insulation, storage tanks, and control systems are required to store thermal energy, and this complicates things. High capital costs, particularly in areas with poor access to financial incentives or government subsidies, can discourage potential investors and project developers from venturing into thermal energy storage projects.
Market Segmentation
The France thermal energy storage market share is classified into technology and storage materials.
- The sensible heat storage segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period
The France thermal energy storage market is segmented by technology into sensible heat storage, latent heat storage, and thermochemical storage. Among these, the sensible heat storage segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental expansion can be attributed to the fact that sensible heat storage is the lowest and simplest thermal energy storage process, which stores the thermal energy in its sensible heat capacity within the temperature change.
- The molten salts segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period
The France thermal energy storage market is segmented by storage materials into water, molten salts, phase change materials, and others. Among these, the molten salts segment held the largest market share in 2024 and is expected to grow at a significant CAGR during the forecast period. A phase-changing material often utilized for thermal energy storage is referred to as molten salt. Molten salt thermal energy storage systems are rightly adapted for the function since molten salt thermal energy storage systems ensure constant power generation. Since molten salt thermal energy storage technology is a clean and sustainable technology of energy storage, its usage has increased more with the energy industry trying to minimize its carbon footprint as well as its greenhouse gas emissions.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the France thermal energy storage market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Abengoa S.A.
- Baltimore Aircoil Company
- Burns & McDonnell
- Dunham-Bush Limited
- EVAPCO, Inc.
- McDermott
- CALMAC
- Siemens Gamesa Renewable Energy, S.A.
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at the France, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the France thermal energy storage market based on the below-mentioned segments:
France Thermal Energy Storage Market, By Technology
- Sensible Heat Storage
- Latent Heat Storage
- Thermochemical Storage
France Thermal Energy Storage Market, By Storage Materials
- Water
- Molten Salts
- Phase Change Materials
- Others
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