Italy Thermal Energy Storage Market
Italy 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 Italy Thermal Energy Storage Market include significant advancements in technology and growing investments aimed at enhancing energy sustainability. Companies such as Siemens, ENGIE, and Enel are actively involved in deploying innovative thermal energy storage solutions to meet renewable energy demands. There has been a notable increase in market valuations, with firms like EnergyNest and Sonnen enhancing their portfolios through strategic partnerships aimed at expanding their service offerings. In March 2023, Roth and Rau announced a collaboration with Sustainable Energy Solutions to develop advanced thermal storage systems that support Italy's transition to renewable energy sources. Furthermore, in January 2022, ABB made a strategic acquisition of a local industry player, strengthening its position in the thermal energy sector. Over the past two years, regulatory support from the Italian government has also garnered attention, promoting investment in renewable energy technologies and storage solutions as part of the National Energy Strategy. The increase in adoption of these technologies continues to transform the energy landscape, enabling more efficient energy storage capabilities required for Italy's ambitious carbon neutrality goals set for 2050.
Report Scope
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 71.4(USD Million) |
| MARKET SIZE 2024 | 85.0(USD Million) |
| MARKET SIZE 2035 | 200.0(USD Million) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 8.089% (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 | Siemens, Roth & Rau, Sustainable Energy Solutions, Chromagen, SaintGobain, EnergyNest, Thermal Energy International, ENGIE, Azelio, Enel, Eaton, Ceres Media, Sonnen, Sunamp, ABB |
| SEGMENTS COVERED | Technology, Storage Capacity, Application, Material Used |
| KEY MARKET OPPORTUNITIES | Increasing renewable energy integration, Government incentives for energy storage, Urban cooling and heating solutions, Industrial process heat recovery, Grid stability and reliability solutions |
| KEY MARKET DYNAMICS | growing renewable energy integration, increasing energy efficiency demand, supportive government policies, rising electricity prices, advancements in storage technologies |
| COUNTRIES COVERED | Italy |
FAQs
What is the expected market size of the Italy Thermal Energy Storage Market in 2024?
The Italy Thermal Energy Storage Market is expected to be valued at 85.0 USD Million in 2024.
What will be the market size of the Italy Thermal Energy Storage Market by 2035?
The market is anticipated to grow and reach a value of 200.0 USD Million by the year 2035.
What is the projected compound annual growth rate (CAGR) for the Italy Thermal Energy Storage Market from 2025 to 2035?
The market is expected to experience a CAGR of 8.089% during the period from 2025 to 2035.
Which technology segment holds the largest market value in 2024 within the Italy Thermal Energy Storage Market?
The Molten Salt Storage segment is expected to dominate the market with a value of 30.0 USD Million in 2024.
What market value is projected for Water Thermal Storage by 2035?
Water Thermal Storage is expected to reach a valuation of 60.0 USD Million by the year 2035.
Who are the key players in the Italy Thermal Energy Storage Market?
Major players include Siemens, Roth & Rau, Sustainable Energy Solutions, and ENEL, contributing to market competition.
What is the expected market value for Phase Change Materials in 2024?
Phase Change Materials is projected to have a market value of 20.0 USD Million in 2024.
What market value is anticipated for Ice Storage technology in 2024 and 2035?
Ice Storage is expected to maintain a market value of 10.0 USD Million both in 2024 and 2035.
What growth drivers are influencing the Italy Thermal Energy Storage Market?
Key growth drivers include increasing demand for energy efficiency and advancements in thermal energy storage technology.
What opportunities exist in the Italy Thermal Energy Storage Market considering recent trends?
Emerging opportunities include innovations in storage solutions and increasing investments in renewable energy sources.
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