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Europe Thermal Energy Storage Market

ID: MRFR/EnP/53833-HCR
200 Pages
MRFR Team
Last Updated: April 22, 2026

Europe 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), By Material Used (Concrete, Steel, Natural Materials, Composite Materials) andBy Regional (Germany, UK, France, Russia, Italy, Spain, Rest of Europe)- Forecast to 2035

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  1. 1 SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS
  2.   1.1 EXECUTIVE SUMMARY
  3.     1.1.1 Market Overview
  4.     1.1.2 Key Findings
  5.     1.1.3 Market Segmentation
  6.     1.1.4 Competitive Landscape
  7.     1.1.5 Challenges and Opportunities
  8.     1.1.6 Future Outlook
  9. 2 SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE
  10.   2.1 MARKET INTRODUCTION
  11.     2.1.1 Definition
  12.     2.1.2 Scope of the study
  13.       2.1.2.1 Research Objective
  14.       2.1.2.2 Assumption
  15.       2.1.2.3 Limitations
  16.   2.2 RESEARCH METHODOLOGY
  17.     2.2.1 Overview
  18.     2.2.2 Data Mining
  19.     2.2.3 Secondary Research
  20.     2.2.4 Primary Research
  21.       2.2.4.1 Primary Interviews and Information Gathering Process
  22.       2.2.4.2 Breakdown of Primary Respondents
  23.     2.2.5 Forecasting Model
  24.     2.2.6 Market Size Estimation
  25.       2.2.6.1 Bottom-Up Approach
  26.       2.2.6.2 Top-Down Approach
  27.     2.2.7 Data Triangulation
  28.     2.2.8 Validation
  29. 3 SECTION III: QUALITATIVE ANALYSIS
  30.   3.1 MARKET DYNAMICS
  31.     3.1.1 Overview
  32.     3.1.2 Drivers
  33.     3.1.3 Restraints
  34.     3.1.4 Opportunities
  35.   3.2 MARKET FACTOR ANALYSIS
  36.     3.2.1 Value chain Analysis
  37.     3.2.2 Porter's Five Forces Analysis
  38.       3.2.2.1 Bargaining Power of Suppliers
  39.       3.2.2.2 Bargaining Power of Buyers
  40.       3.2.2.3 Threat of New Entrants
  41.       3.2.2.4 Threat of Substitutes
  42.       3.2.2.5 Intensity of Rivalry
  43.     3.2.3 COVID-19 Impact Analysis
  44.       3.2.3.1 Market Impact Analysis
  45.       3.2.3.2 Regional Impact
  46.       3.2.3.3 Opportunity and Threat Analysis
  47. 4 SECTION IV: QUANTITATIVE ANALYSIS
  48.   4.1 Europe Thermal Energy Storage Market, BY Application (USD Billion)
  49.     4.1.1 District Heating
  50.     4.1.2 Industrial Heating
  51.     4.1.3 Power Generation
  52.     4.1.4 Renewable Energy Integration
  53.     4.1.5 Cooling Systems
  54.   4.2 Europe Thermal Energy Storage Market, BY Technology (USD Billion)
  55.     4.2.1 Sensible Heat Storage
  56.     4.2.2 Latent Heat Storage
  57.     4.2.3 Thermochemical Storage
  58.     4.2.4 Phase Change Materials
  59.     4.2.5 Cryogenic Energy Storage
  60.   4.3 Europe Thermal Energy Storage Market, BY End Use (USD Billion)
  61.     4.3.1 Residential
  62.     4.3.2 Commercial
  63.     4.3.3 Industrial
  64.     4.3.4 Utility Scale
  65.     4.3.5 Transportation
  66.   4.4 Europe Thermal Energy Storage Market, BY Storage Medium (USD Billion)
  67.     4.4.1 Water
  68.     4.4.2 Molten Salt
  69.     4.4.3 Concrete
  70.     4.4.4 Ice
  71.     4.4.5 Phase Change Materials
  72. 5 SECTION V: COMPETITIVE ANALYSIS
  73.   5.1 Competitive Landscape
  74.     5.1.1 Overview
  75.     5.1.2 Competitive Analysis
  76.     5.1.3 Market share Analysis
  77.     5.1.4 Major Growth Strategy in the Europe Thermal Energy Storage Market
  78.     5.1.5 Competitive Benchmarking
  79.     5.1.6 Leading Players in Terms of Number of Developments in the Europe Thermal Energy Storage Market
  80.     5.1.7 Key developments and growth strategies
  81.       5.1.7.1 New Product Launch/Service Deployment
  82.       5.1.7.2 Merger & Acquisitions
  83.       5.1.7.3 Joint Ventures
  84.     5.1.8 Major Players Financial Matrix
  85.       5.1.8.1 Sales and Operating Income
  86.       5.1.8.2 Major Players R&D Expenditure. 2023
  87.   5.2 Company Profiles
  88.     5.2.1 Siemens AG (DE)
  89.       5.2.1.1 Financial Overview
  90.       5.2.1.2 Products Offered
  91.       5.2.1.3 Key Developments
  92.       5.2.1.4 SWOT Analysis
  93.       5.2.1.5 Key Strategies
  94.     5.2.2 ENGIE SA (FR)
  95.       5.2.2.1 Financial Overview
  96.       5.2.2.2 Products Offered
  97.       5.2.2.3 Key Developments
  98.       5.2.2.4 SWOT Analysis
  99.       5.2.2.5 Key Strategies
  100.     5.2.3 Danfoss A/S (DK)
  101.       5.2.3.1 Financial Overview
  102.       5.2.3.2 Products Offered
  103.       5.2.3.3 Key Developments
  104.       5.2.3.4 SWOT Analysis
  105.       5.2.3.5 Key Strategies
  106.     5.2.4 ABB Ltd (CH)
  107.       5.2.4.1 Financial Overview
  108.       5.2.4.2 Products Offered
  109.       5.2.4.3 Key Developments
  110.       5.2.4.4 SWOT Analysis
  111.       5.2.4.5 Key Strategies
  112.     5.2.5 RWE AG (DE)
  113.       5.2.5.1 Financial Overview
  114.       5.2.5.2 Products Offered
  115.       5.2.5.3 Key Developments
  116.       5.2.5.4 SWOT Analysis
  117.       5.2.5.5 Key Strategies
  118.     5.2.6 Vattenfall AB (SE)
  119.       5.2.6.1 Financial Overview
  120.       5.2.6.2 Products Offered
  121.       5.2.6.3 Key Developments
  122.       5.2.6.4 SWOT Analysis
  123.       5.2.6.5 Key Strategies
  124.     5.2.7 E.ON SE (DE)
  125.       5.2.7.1 Financial Overview
  126.       5.2.7.2 Products Offered
  127.       5.2.7.3 Key Developments
  128.       5.2.7.4 SWOT Analysis
  129.       5.2.7.5 Key Strategies
  130.     5.2.8 Ceres Media (GB)
  131.       5.2.8.1 Financial Overview
  132.       5.2.8.2 Products Offered
  133.       5.2.8.3 Key Developments
  134.       5.2.8.4 SWOT Analysis
  135.       5.2.8.5 Key Strategies
  136.     5.2.9 Sonnen GmbH (DE)
  137.       5.2.9.1 Financial Overview
  138.       5.2.9.2 Products Offered
  139.       5.2.9.3 Key Developments
  140.       5.2.9.4 SWOT Analysis
  141.       5.2.9.5 Key Strategies
  142.   5.3 Appendix
  143.     5.3.1 References
  144.     5.3.2 Related Reports
  145. 6 LIST OF FIGURES
  146.   6.1 MARKET SYNOPSIS
  147.   6.2 EUROPE MARKET ANALYSIS BY APPLICATION
  148.   6.3 EUROPE MARKET ANALYSIS BY TECHNOLOGY
  149.   6.4 EUROPE MARKET ANALYSIS BY END USE
  150.   6.5 EUROPE MARKET ANALYSIS BY STORAGE MEDIUM
  151.   6.6 KEY BUYING CRITERIA OF EUROPE THERMAL ENERGY STORAGE MARKET
  152.   6.7 RESEARCH PROCESS OF MRFR
  153.   6.8 DRO ANALYSIS OF EUROPE THERMAL ENERGY STORAGE MARKET
  154.   6.9 DRIVERS IMPACT ANALYSIS: EUROPE THERMAL ENERGY STORAGE MARKET
  155.   6.10 RESTRAINTS IMPACT ANALYSIS: EUROPE THERMAL ENERGY STORAGE MARKET
  156.   6.11 SUPPLY / VALUE CHAIN: EUROPE THERMAL ENERGY STORAGE MARKET
  157.   6.12 EUROPE THERMAL ENERGY STORAGE MARKET, BY APPLICATION, 2024 (% SHARE)
  158.   6.13 EUROPE THERMAL ENERGY STORAGE MARKET, BY APPLICATION, 2024 TO 2035 (USD Billion)
  159.   6.14 EUROPE THERMAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2024 (% SHARE)
  160.   6.15 EUROPE THERMAL ENERGY STORAGE MARKET, BY TECHNOLOGY, 2024 TO 2035 (USD Billion)
  161.   6.16 EUROPE THERMAL ENERGY STORAGE MARKET, BY END USE, 2024 (% SHARE)
  162.   6.17 EUROPE THERMAL ENERGY STORAGE MARKET, BY END USE, 2024 TO 2035 (USD Billion)
  163.   6.18 EUROPE THERMAL ENERGY STORAGE MARKET, BY STORAGE MEDIUM, 2024 (% SHARE)
  164.   6.19 EUROPE THERMAL ENERGY STORAGE MARKET, BY STORAGE MEDIUM, 2024 TO 2035 (USD Billion)
  165.   6.20 BENCHMARKING OF MAJOR COMPETITORS
  166. 7 LIST OF TABLES
  167.   7.1 LIST OF ASSUMPTIONS
  168.     7.1.1
  169.   7.2 Europe MARKET SIZE ESTIMATES; FORECAST
  170.     7.2.1 BY APPLICATION, 2026-2035 (USD Billion)
  171.     7.2.2 BY TECHNOLOGY, 2026-2035 (USD Billion)
  172.     7.2.3 BY END USE, 2026-2035 (USD Billion)
  173.     7.2.4 BY STORAGE MEDIUM, 2026-2035 (USD Billion)
  174.   7.3 PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
  175.     7.3.1
  176.   7.4 ACQUISITION/PARTNERSHIP
  177.     7.4.1

Europe Thermal Energy Storage Market Segmentation

Europe Thermal Energy Storage Market By Application (USD Billion, 2022-2035)

  • District Heating
  • Industrial Heating
  • Power Generation
  • Renewable Energy Integration
  • Cooling Systems

Europe Thermal Energy Storage Market By Technology (USD Billion, 2022-2035)

  • Sensible Heat Storage
  • Latent Heat Storage
  • Thermochemical Storage
  • Phase Change Materials
  • Cryogenic Energy Storage

Europe Thermal Energy Storage Market By End Use (USD Billion, 2022-2035)

  • Residential
  • Commercial
  • Industrial
  • Utility Scale
  • Transportation

Europe Thermal Energy Storage Market By Storage Medium (USD Billion, 2022-2035)

  • Water
  • Molten Salt
  • Concrete
  • Ice
  • Phase Change Materials

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