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China Thermal Energy Storage Market
ID: MRFR/EnP/53836-HCR
200 Pages
June 2025
China 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
Recent developments in the China Thermal Energy Storage Market have spotlighted strong growth and strategic advancements from key players like Beijing Enterprises Holdings, China Power Investment Corporation, and Longi Green Energy. In September 2023, China Huadian Corporation announced a significant investment in renewable thermal energy storage technologies, indicating an industry shift towards sustainable energy solutions. In another notable event, Tsinghua Tongfang and China National Petroleum Corporation successfully entered a collaborative agreement aimed at enhancing the efficiency and deployment of thermal energy systems for urban applications in August 2023. The market has also seen a notable uptick in valuations, largely influenced by governmental policies favoring green energy, which has increased the competitive landscape among companies such as Trina Solar and Shanghai Electric Group. Additionally, in July 2023, China Three Gorges Corporation expanded its thermal energy storage capacity, further illustrating the ongoing commitment to large-scale renewable projects. The rapid developments in technological innovations and increased funding from strategic partnerships are influencing market dynamics, setting a strong trajectory for the growth of thermal energy storage solutions across the region.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 666.4(USD Million) |
| MARKET SIZE 2024 | 721.0(USD Million) |
| MARKET SIZE 2035 | 1260.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 5.206% (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 | Beijing Enterprises Holdings, China Power Investment Corporation, Suntech Power, Huanghe Hydropower, China National Building Material Group, Tsinghua Tongfang, Longi Green Energy, China National Petroleum Corporation, China General Nuclear Power Group, China Huadian Corporation, China Three Gorges Corporation, Shanghai Electric Group, Trina Solar, Xiamen Tungsten, Zhonghe Thermal Energy |
| SEGMENTS COVERED | Technology, Storage Capacity, Application, Material Used |
| KEY MARKET OPPORTUNITIES | Increasing renewable energy integration, Government policy support initiatives, Growing industrial demand, Urbanization and energy efficiency needs, Advancements in storage technologies |
| KEY MARKET DYNAMICS | growing renewable energy adoption, government policy support, increasing energy efficiency demand, technological advancements, rising industrial applications |
| COUNTRIES COVERED | China |
FAQs
What is the expected market size of the China Thermal Energy Storage Market in 2024?
The China Thermal Energy Storage Market is expected to be valued at 721.0 million USD in 2024.
What will the market size reach by 2035?
By 2035, the China Thermal Energy Storage Market is projected to reach a value of 1260.0 million USD.
What is the compound annual growth rate (CAGR) for the China Thermal Energy Storage Market from 2025 to 2035?
The expected CAGR for the China Thermal Energy Storage Market from 2025 to 2035 is 5.206%.
Which technology segment is expected to dominate the market in 2024?
In 2024, the Ice Storage segment is expected to dominate the market with a valuation of 231.0 million USD.
How much is the Molten Salt Storage segment expected to be worth by 2035?
The Molten Salt Storage segment is projected to reach a valuation of 330.0 million USD by 2035.
What key players are leading the China Thermal Energy Storage Market?
Some major players in the market include Beijing Enterprises Holdings, China Power Investment Corporation, and Suntech Power.
What is the expected market size for Water Thermal Storage in 2024?
The Water Thermal Storage segment is expected to be valued at 150.0 million USD in 2024.
What growth opportunities exist in the China Thermal Energy Storage Market?
The market presents opportunities in renewable energy integration and advancements in thermal storage technologies.
What challenges could affect the growth of the China Thermal Energy Storage Market?
Challenges may include high initial costs and competition from other energy storage technologies.
How is the China Thermal Energy Storage Market influenced by current global scenarios?
Global economic fluctuations and energy transition policies significantly impact the growth and investments in the market.
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