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Germany Thermal Energy Storage Market
ID: MRFR/EnP/53829-HCR
200 Pages
June 2025
Germany 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
In recent months, the Germany Thermal Energy Storage Market has witnessed notable developments as companies pursue innovative solutions to enhance energy efficiency. Aalborg Energie Technik has been focusing on advancements in thermal storage systems, while Siemens has been actively engaged in optimizing energy management technologies. Vattenfall recently reinforced its commitment to sustainable energy by investing in thermal storage projects around Berlin. Schneider Electric has announced initiatives aimed at integrating thermal energy with renewable sources, aiding in Germany's transition to greener energy solutions. In terms of mergers and acquisitions, there have been no significant transactions reported in October 2023 among the key players, such as RWE, Saint-Gobain, and Danfoss. However, in May 2023, Engie acquired a stake in a thermal energy storage facility, indicating ongoing consolidation in the market. The overall market valuation in Germany continues to grow, driven by strong governmental support for renewable energy and storage technologies. Major events, such as the launch of a new thermal storage facility in Frankfurt in February 2022, have further boosted interest in this sector, reinforcing Germany's position as a leader in energy storage innovation.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 428.4(USD Million) |
| MARKET SIZE 2024 | 463.5(USD Million) |
| MARKET SIZE 2035 | 1207.8(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 9.097% (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 | Aalborg Energie Technik, Siemens, Vattenfall, Schneider Electric, RWE, SaintGobain, Danfoss, Bosch, Volkswagen, Piller Group, E.ON, Engie, Thyssenkrupp, Wärtsilä |
| SEGMENTS COVERED | Technology, Storage Capacity, Application, Material Used |
| KEY MARKET OPPORTUNITIES | Expansion of renewable energy integration, Increasing industrial energy efficiency, Growing demand for demand response solutions, Technological advancements in storage systems, Supportive government policies and incentives |
| KEY MARKET DYNAMICS | growing renewable energy integration, increasing electricity demand, government incentives and policies, technological advancements in storage, rising energy efficiency awareness |
| COUNTRIES COVERED | Germany |
FAQs
What is the expected market value of the Germany Thermal Energy Storage Market in 2024?
The Germany Thermal Energy Storage Market is expected to be valued at 463.5 million USD in 2024.
What will the market size be for the Germany Thermal Energy Storage Market by 2035?
By 2035, the Germany Thermal Energy Storage Market is projected to reach a valuation of 1,207.8 million USD.
What is the expected CAGR for the Germany Thermal Energy Storage Market from 2025 to 2035?
The expected CAGR for the Germany Thermal Energy Storage Market from 2025 to 2035 is 9.097%.
Which technology segment is expected to dominate the market in 2035?
By 2035, the Molten Salt Storage technology segment is expected to grow significantly, reaching a value of 315.0 million USD.
What is the projected market value for Water Thermal Storage in 2035?
The Water Thermal Storage technology segment is projected to be valued at 400.0 million USD in 2035.
Who are the key players in the Germany Thermal Energy Storage Market?
Major players in the market include Siemens, Vattenfall, RWE, and Bosch, among others.
What is the expected market size for Phase Change Materials by 2035?
The Phase Change Materials segment is expected to reach a market value of 250.0 million USD by 2035.
How much is the Ice Storage segment valued at in 2035?
The Ice Storage segment is projected to be valued at 242.8 million USD by 2035.
What are the growth drivers for the Germany Thermal Energy Storage Market?
Key growth drivers include increasing renewable energy usage and advancements in energy storage technologies.
What impact do current global trends have on the Germany Thermal Energy Storage Market?
Current global trends are positively impacting the market by driving demand for efficient energy storage solutions.
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