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South Africa Thermal Energy Storage Market

ID: MRFR/EnP/53828-HCR
200 Pages
MRFR Team
Last Updated: April 24, 2026

South Africa 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 South Africa Thermal Energy Storage Market, BY Application (USD Billion)
  49.     4.1.1 District Heating
  50.     4.1.2 Industrial Processes
  51.     4.1.3 Commercial Heating
  52.     4.1.4 Residential Heating
  53.   4.2 South Africa Thermal Energy Storage Market, BY Technology Type (USD Billion)
  54.     4.2.1 Sensible Heat Storage
  55.     4.2.2 Latent Heat Storage
  56.     4.2.3 Thermochemical Storage
  57.     4.2.4 Phase Change Materials
  58.   4.3 South Africa Thermal Energy Storage Market, BY End Use (USD Billion)
  59.     4.3.1 Energy Management
  60.     4.3.2 Load Shifting
  61.     4.3.3 Peak Shaving
  62.     4.3.4 Renewable Energy Integration
  63.   4.4 South Africa Thermal Energy Storage Market, BY Storage Medium (USD Billion)
  64.     4.4.1 Water
  65.     4.4.2 Molten Salt
  66.     4.4.3 Concrete
  67.     4.4.4 Ice
  68.   4.5 South Africa Thermal Energy Storage Market, BY System Type (USD Billion)
  69.     4.5.1 Standalone Systems
  70.     4.5.2 Integrated Systems
  71.     4.5.3 Hybrid Systems
  72.     4.5.4 Centralized Systems
  73. 5 SECTION V: COMPETITIVE ANALYSIS
  74.   5.1 Competitive Landscape
  75.     5.1.1 Overview
  76.     5.1.2 Competitive Analysis
  77.     5.1.3 Market share Analysis
  78.     5.1.4 Major Growth Strategy in the South Africa Thermal Energy Storage Market
  79.     5.1.5 Competitive Benchmarking
  80.     5.1.6 Leading Players in Terms of Number of Developments in the South Africa Thermal Energy Storage Market
  81.     5.1.7 Key developments and growth strategies
  82.       5.1.7.1 New Product Launch/Service Deployment
  83.       5.1.7.2 Merger & Acquisitions
  84.       5.1.7.3 Joint Ventures
  85.     5.1.8 Major Players Financial Matrix
  86.       5.1.8.1 Sales and Operating Income
  87.       5.1.8.2 Major Players R&D Expenditure. 2023
  88.   5.2 Company Profiles
  89.     5.2.1 Sasol (ZA)
  90.       5.2.1.1 Financial Overview
  91.       5.2.1.2 Products Offered
  92.       5.2.1.3 Key Developments
  93.       5.2.1.4 SWOT Analysis
  94.       5.2.1.5 Key Strategies
  95.     5.2.2 Engie (FR)
  96.       5.2.2.1 Financial Overview
  97.       5.2.2.2 Products Offered
  98.       5.2.2.3 Key Developments
  99.       5.2.2.4 SWOT Analysis
  100.       5.2.2.5 Key Strategies
  101.     5.2.3 Abengoa Solar (ES)
  102.       5.2.3.1 Financial Overview
  103.       5.2.3.2 Products Offered
  104.       5.2.3.3 Key Developments
  105.       5.2.3.4 SWOT Analysis
  106.       5.2.3.5 Key Strategies
  107.     5.2.4 SolarReserve (US)
  108.       5.2.4.1 Financial Overview
  109.       5.2.4.2 Products Offered
  110.       5.2.4.3 Key Developments
  111.       5.2.4.4 SWOT Analysis
  112.       5.2.4.5 Key Strategies
  113.     5.2.5 Duke Energy (US)
  114.       5.2.5.1 Financial Overview
  115.       5.2.5.2 Products Offered
  116.       5.2.5.3 Key Developments
  117.       5.2.5.4 SWOT Analysis
  118.       5.2.5.5 Key Strategies
  119.     5.2.6 ACWA Power (SA)
  120.       5.2.6.1 Financial Overview
  121.       5.2.6.2 Products Offered
  122.       5.2.6.3 Key Developments
  123.       5.2.6.4 SWOT Analysis
  124.       5.2.6.5 Key Strategies
  125.     5.2.7 CSP Solutions (ZA)
  126.       5.2.7.1 Financial Overview
  127.       5.2.7.2 Products Offered
  128.       5.2.7.3 Key Developments
  129.       5.2.7.4 SWOT Analysis
  130.       5.2.7.5 Key Strategies
  131.     5.2.8 Eskom (ZA)
  132.       5.2.8.1 Financial Overview
  133.       5.2.8.2 Products Offered
  134.       5.2.8.3 Key Developments
  135.       5.2.8.4 SWOT Analysis
  136.       5.2.8.5 Key Strategies
  137.     5.2.9 Siemens (DE)
  138.       5.2.9.1 Financial Overview
  139.       5.2.9.2 Products Offered
  140.       5.2.9.3 Key Developments
  141.       5.2.9.4 SWOT Analysis
  142.       5.2.9.5 Key Strategies
  143.   5.3 Appendix
  144.     5.3.1 References
  145.     5.3.2 Related Reports
  146. 6 LIST OF FIGURES
  147.   6.1 MARKET SYNOPSIS
  148.   6.2 SOUTH AFRICA MARKET ANALYSIS BY APPLICATION
  149.   6.3 SOUTH AFRICA MARKET ANALYSIS BY TECHNOLOGY TYPE
  150.   6.4 SOUTH AFRICA MARKET ANALYSIS BY END USE
  151.   6.5 SOUTH AFRICA MARKET ANALYSIS BY STORAGE MEDIUM
  152.   6.6 SOUTH AFRICA MARKET ANALYSIS BY SYSTEM TYPE
  153.   6.7 KEY BUYING CRITERIA OF SOUTH AFRICA THERMAL ENERGY STORAGE MARKET
  154.   6.8 RESEARCH PROCESS OF MRFR
  155.   6.9 DRO ANALYSIS OF SOUTH AFRICA THERMAL ENERGY STORAGE MARKET
  156.   6.10 DRIVERS IMPACT ANALYSIS: SOUTH AFRICA THERMAL ENERGY STORAGE MARKET
  157.   6.11 RESTRAINTS IMPACT ANALYSIS: SOUTH AFRICA THERMAL ENERGY STORAGE MARKET
  158.   6.12 SUPPLY / VALUE CHAIN: SOUTH AFRICA THERMAL ENERGY STORAGE MARKET
  159.   6.13 SOUTH AFRICA THERMAL ENERGY STORAGE MARKET, BY APPLICATION, 2024 (% SHARE)
  160.   6.14 SOUTH AFRICA THERMAL ENERGY STORAGE MARKET, BY APPLICATION, 2024 TO 2035 (USD Billion)
  161.   6.15 SOUTH AFRICA THERMAL ENERGY STORAGE MARKET, BY TECHNOLOGY TYPE, 2024 (% SHARE)
  162.   6.16 SOUTH AFRICA THERMAL ENERGY STORAGE MARKET, BY TECHNOLOGY TYPE, 2024 TO 2035 (USD Billion)
  163.   6.17 SOUTH AFRICA THERMAL ENERGY STORAGE MARKET, BY END USE, 2024 (% SHARE)
  164.   6.18 SOUTH AFRICA THERMAL ENERGY STORAGE MARKET, BY END USE, 2024 TO 2035 (USD Billion)
  165.   6.19 SOUTH AFRICA THERMAL ENERGY STORAGE MARKET, BY STORAGE MEDIUM, 2024 (% SHARE)
  166.   6.20 SOUTH AFRICA THERMAL ENERGY STORAGE MARKET, BY STORAGE MEDIUM, 2024 TO 2035 (USD Billion)
  167.   6.21 SOUTH AFRICA THERMAL ENERGY STORAGE MARKET, BY SYSTEM TYPE, 2024 (% SHARE)
  168.   6.22 SOUTH AFRICA THERMAL ENERGY STORAGE MARKET, BY SYSTEM TYPE, 2024 TO 2035 (USD Billion)
  169.   6.23 BENCHMARKING OF MAJOR COMPETITORS
  170. 7 LIST OF TABLES
  171.   7.1 LIST OF ASSUMPTIONS
  172.     7.1.1
  173.   7.2 South Africa MARKET SIZE ESTIMATES; FORECAST
  174.     7.2.1 BY APPLICATION, 2026-2035 (USD Billion)
  175.     7.2.2 BY TECHNOLOGY TYPE, 2026-2035 (USD Billion)
  176.     7.2.3 BY END USE, 2026-2035 (USD Billion)
  177.     7.2.4 BY STORAGE MEDIUM, 2026-2035 (USD Billion)
  178.     7.2.5 BY SYSTEM TYPE, 2026-2035 (USD Billion)
  179.   7.3 PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
  180.     7.3.1
  181.   7.4 ACQUISITION/PARTNERSHIP
  182.     7.4.1

South Africa Thermal Energy Storage Market Segmentation

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

  • District Heating
  • Industrial Processes
  • Commercial Heating
  • Residential Heating

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

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

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

  • Energy Management
  • Load Shifting
  • Peak Shaving
  • Renewable Energy Integration

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

  • Water
  • Molten Salt
  • Concrete
  • Ice

South Africa Thermal Energy Storage Market By System Type (USD Billion, 2022-2035)

  • Standalone Systems
  • Integrated Systems
  • Hybrid Systems
  • Centralized Systems

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