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France Thermal Energy Storage Market
ID: MRFR/EnP/53830-HCR
200 Pages
June 2025
France Thermal Energy Storage Market Research Report: By Technology (Molten Salt Storage, Water Thermal Storage, Phase Change Materials, Ice Storage), By Storage Capacity (Less than 100 MWh, 100-500 MWh, 500-1000 MWh, More than 1000 MWh), By Application (District Heating, Industrial Processes, Concentrated Solar Power, Building Heating and Cooling) andBy Material Used (Concrete, Steel, Natural Materials, Composite Materials)- Forecast to 2035
Industry Developments
The France Thermal Energy Storage Market has witnessed a surge in activity recently, with companies such as Engie and EDF leading various initiatives aimed at enhancing energy resilience. Notably, in September 2023, Engie announced a partnership to develop large-scale thermal energy storage systems to support renewable energy integration and provide stability to the grid. Additionally, Siemens is advancing its thermal storage solutions to optimize energy usage for industrial clients, which reflects a broader trend of integrating renewable energy sources. Recent collaborations between RWE and Dalkia focus on innovative thermal storage and district heating technologies, while Schneider Electric has emphasized upgrading existing infrastructure to incorporate more energy-efficient storage options. The market is experiencing a significant increase in valuations, attributed to growing demand for sustainable energy solutions and government incentives aimed at reducing carbon emissions. In a notable merger, TotalEnergies acquired Avelar Energy in August 2023, further consolidating its position in the thermal storage sector. Other major developments include investments in pilot projects for phase-change materials, marking a shift towards advanced thermal energy storage methods in France's transition toward a greener energy landscape.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 214.2(USD Million) |
| MARKET SIZE 2024 | 230.0(USD Million) |
| MARKET SIZE 2035 | 620.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 9.434% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Million |
| KEY COMPANIES PROFILED | Engie, EDF, Siemens, Veolia, General Electric, Schneider Electric, RWE, Dalkia, AkzoNobel, Neste, STEG, Fluence, Senvion, TotalEnergies, Avelar Energy |
| SEGMENTS COVERED | Technology, Storage Capacity, Application, Material Used |
| KEY MARKET OPPORTUNITIES | Increasing renewable energy integration, Government incentives for storage solutions, Rising industrial energy efficiency demand, Expanding district heating systems, Technological advancements in storage materials |
| KEY MARKET DYNAMICS | growing renewable energy integration, increasing energy efficiency initiatives, government incentives and support, rising electricity demand, technological advancements in storage solutions |
| COUNTRIES COVERED | France |
FAQs
What is the projected market value of the France Thermal Energy Storage Market in 2024?
The France Thermal Energy Storage Market is expected to be valued at 230.0 USD Million in 2024.
What is the forecast market value of the France Thermal Energy Storage Market by 2035?
The market is projected to reach a value of 620.0 USD Million by 2035.
What is the expected CAGR for the France Thermal Energy Storage Market from 2025 to 2035?
The market is anticipated to experience a CAGR of 9.434% during the period from 2025 to 2035.
Which technology segment holds the largest market share in the France Thermal Energy Storage Market?
The Molten Salt Storage technology segment is expected to dominate the market, valued at 75.0 USD Million in 2024.
What is the estimated market value of Water Thermal Storage in 2035?
The Water Thermal Storage segment is projected to be valued at 160.0 USD Million by 2035.
Who are the key players in the France Thermal Energy Storage Market?
Major players include Engie, EDF, Siemens, Veolia, and General Electric.
What is the anticipated market size for Phase Change Materials in 2035?
The Phase Change Materials segment is expected to reach a market value of 100.0 USD Million by 2035.
How much is the Ice Storage technology segment valued at in 2024?
The Ice Storage segment is valued at 55.0 USD Million in 2024.
What are the growth drivers of the France Thermal Energy Storage Market?
Factors driving growth include increasing energy demand and the shift towards renewable energy sources.
What opportunities are present in the France Thermal Energy Storage Market?
Opportunities in the market include advancements in technology and increasing government support for energy storage solutions.
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