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India Thermal Energy Storage Market

ID: MRFR/EnP/53834-HCR
200 Pages
MRFR Team
Last Updated: April 22, 2026

India 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

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Summary Table of Contents Segmentation Download PDF
  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 India 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 Cooling Systems
  53.   4.2 India Thermal Energy Storage Market, BY Technology Type (USD Billion)
  54.     4.2.1 Phase Change Material
  55.     4.2.2 Water Thermal Storage
  56.     4.2.3 Molten Salt Storage
  57.     4.2.4 Ice Storage
  58.   4.3 India Thermal Energy Storage Market, BY End Use Sector (USD Billion)
  59.     4.3.1 Residential
  60.     4.3.2 Commercial
  61.     4.3.3 Industrial
  62.     4.3.4 Utility
  63.   4.4 India Thermal Energy Storage Market, BY Storage Duration (USD Billion)
  64.     4.4.1 Short Term
  65.     4.4.2 Medium Term
  66.     4.4.3 Long Term
  67.     4.4.4 Seasonal
  68. 5 SECTION V: COMPETITIVE ANALYSIS
  69.   5.1 Competitive Landscape
  70.     5.1.1 Overview
  71.     5.1.2 Competitive Analysis
  72.     5.1.3 Market share Analysis
  73.     5.1.4 Major Growth Strategy in the India Thermal Energy Storage Market
  74.     5.1.5 Competitive Benchmarking
  75.     5.1.6 Leading Players in Terms of Number of Developments in the India Thermal Energy Storage Market
  76.     5.1.7 Key developments and growth strategies
  77.       5.1.7.1 New Product Launch/Service Deployment
  78.       5.1.7.2 Merger & Acquisitions
  79.       5.1.7.3 Joint Ventures
  80.     5.1.8 Major Players Financial Matrix
  81.       5.1.8.1 Sales and Operating Income
  82.       5.1.8.2 Major Players R&D Expenditure. 2023
  83.   5.2 Company Profiles
  84.     5.2.1 Tata Power (IN)
  85.       5.2.1.1 Financial Overview
  86.       5.2.1.2 Products Offered
  87.       5.2.1.3 Key Developments
  88.       5.2.1.4 SWOT Analysis
  89.       5.2.1.5 Key Strategies
  90.     5.2.2 Adani Green Energy (IN)
  91.       5.2.2.1 Financial Overview
  92.       5.2.2.2 Products Offered
  93.       5.2.2.3 Key Developments
  94.       5.2.2.4 SWOT Analysis
  95.       5.2.2.5 Key Strategies
  96.     5.2.3 Larsen & Toubro (IN)
  97.       5.2.3.1 Financial Overview
  98.       5.2.3.2 Products Offered
  99.       5.2.3.3 Key Developments
  100.       5.2.3.4 SWOT Analysis
  101.       5.2.3.5 Key Strategies
  102.     5.2.4 ReNew Power (IN)
  103.       5.2.4.1 Financial Overview
  104.       5.2.4.2 Products Offered
  105.       5.2.4.3 Key Developments
  106.       5.2.4.4 SWOT Analysis
  107.       5.2.4.5 Key Strategies
  108.     5.2.5 NTPC Limited (IN)
  109.       5.2.5.1 Financial Overview
  110.       5.2.5.2 Products Offered
  111.       5.2.5.3 Key Developments
  112.       5.2.5.4 SWOT Analysis
  113.       5.2.5.5 Key Strategies
  114.     5.2.6 Mahindra Susten (IN)
  115.       5.2.6.1 Financial Overview
  116.       5.2.6.2 Products Offered
  117.       5.2.6.3 Key Developments
  118.       5.2.6.4 SWOT Analysis
  119.       5.2.6.5 Key Strategies
  120.     5.2.7 Wärtsilä (FI)
  121.       5.2.7.1 Financial Overview
  122.       5.2.7.2 Products Offered
  123.       5.2.7.3 Key Developments
  124.       5.2.7.4 SWOT Analysis
  125.       5.2.7.5 Key Strategies
  126.     5.2.8 Siemens (DE)
  127.       5.2.8.1 Financial Overview
  128.       5.2.8.2 Products Offered
  129.       5.2.8.3 Key Developments
  130.       5.2.8.4 SWOT Analysis
  131.       5.2.8.5 Key Strategies
  132.     5.2.9 Schneider Electric (FR)
  133.       5.2.9.1 Financial Overview
  134.       5.2.9.2 Products Offered
  135.       5.2.9.3 Key Developments
  136.       5.2.9.4 SWOT Analysis
  137.       5.2.9.5 Key Strategies
  138.   5.3 Appendix
  139.     5.3.1 References
  140.     5.3.2 Related Reports
  141. 6 LIST OF FIGURES
  142.   6.1 MARKET SYNOPSIS
  143.   6.2 INDIA MARKET ANALYSIS BY APPLICATION
  144.   6.3 INDIA MARKET ANALYSIS BY TECHNOLOGY TYPE
  145.   6.4 INDIA MARKET ANALYSIS BY END USE SECTOR
  146.   6.5 INDIA MARKET ANALYSIS BY STORAGE DURATION
  147.   6.6 KEY BUYING CRITERIA OF INDIA THERMAL ENERGY STORAGE MARKET
  148.   6.7 RESEARCH PROCESS OF MRFR
  149.   6.8 DRO ANALYSIS OF INDIA THERMAL ENERGY STORAGE MARKET
  150.   6.9 DRIVERS IMPACT ANALYSIS: INDIA THERMAL ENERGY STORAGE MARKET
  151.   6.10 RESTRAINTS IMPACT ANALYSIS: INDIA THERMAL ENERGY STORAGE MARKET
  152.   6.11 SUPPLY / VALUE CHAIN: INDIA THERMAL ENERGY STORAGE MARKET
  153.   6.12 INDIA THERMAL ENERGY STORAGE MARKET, BY APPLICATION, 2024 (% SHARE)
  154.   6.13 INDIA THERMAL ENERGY STORAGE MARKET, BY APPLICATION, 2024 TO 2035 (USD Billion)
  155.   6.14 INDIA THERMAL ENERGY STORAGE MARKET, BY TECHNOLOGY TYPE, 2024 (% SHARE)
  156.   6.15 INDIA THERMAL ENERGY STORAGE MARKET, BY TECHNOLOGY TYPE, 2024 TO 2035 (USD Billion)
  157.   6.16 INDIA THERMAL ENERGY STORAGE MARKET, BY END USE SECTOR, 2024 (% SHARE)
  158.   6.17 INDIA THERMAL ENERGY STORAGE MARKET, BY END USE SECTOR, 2024 TO 2035 (USD Billion)
  159.   6.18 INDIA THERMAL ENERGY STORAGE MARKET, BY STORAGE DURATION, 2024 (% SHARE)
  160.   6.19 INDIA THERMAL ENERGY STORAGE MARKET, BY STORAGE DURATION, 2024 TO 2035 (USD Billion)
  161.   6.20 BENCHMARKING OF MAJOR COMPETITORS
  162. 7 LIST OF TABLES
  163.   7.1 LIST OF ASSUMPTIONS
  164.     7.1.1
  165.   7.2 India MARKET SIZE ESTIMATES; FORECAST
  166.     7.2.1 BY APPLICATION, 2026-2035 (USD Billion)
  167.     7.2.2 BY TECHNOLOGY TYPE, 2026-2035 (USD Billion)
  168.     7.2.3 BY END USE SECTOR, 2026-2035 (USD Billion)
  169.     7.2.4 BY STORAGE DURATION, 2026-2035 (USD Billion)
  170.   7.3 PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
  171.     7.3.1
  172.   7.4 ACQUISITION/PARTNERSHIP
  173.     7.4.1

India Thermal Energy Storage Market Segmentation

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

  • District Heating
  • Industrial Heating
  • Power Generation
  • Cooling Systems

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

  • Phase Change Material
  • Water Thermal Storage
  • Molten Salt Storage
  • Ice Storage

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

  • Residential
  • Commercial
  • Industrial
  • Utility

India Thermal Energy Storage Market By Storage Duration (USD Billion, 2022-2035)

  • Short Term
  • Medium Term
  • Long Term
  • Seasonal

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