열전지 시장 보고서 : 동향, 예측, 경쟁 분석(-2031년)

The future of the global thermal battery market looks promising with opportunities in the military, aeronautic, and home markets. The global thermal battery market is expected to grow with a CAGR of 12.6% from 2025 to 2031. The major drivers for this market are the increase in demand for energy storage solutions, the rising focus on renewable energy adoption, and the growing need for long-duration energy storage.

• Lucintel forecasts that, within the type category, encapsulated is expected to witness higher growth over the forecast period due to the increase in demand for reliable energy storage.
• Within the application category, military is expected to witness the highest growth due to the rising focus on energy independence.
• In terms of region, APAC is expected to witness the highest growth over the forecast period due to the growing investments in energy storage.

Emerging Trends in the Thermal Battery Market

The global demand for clean, innovative, and dependable energy storage systems to support renewable energy sources is driving the evolution of the thermal battery market. There are four key trends that are expected to dominate the parts of thermal energy storage in the near future. The following paragraphs compare the stand-alone and within the window phase change and the adopted trend of thermal energy storage systems.

• Shift Towards Photovoltaics Thermal Power Plants: Another trend that is strengthening this market is a shift towards photovoltaic thermal power plants (PVT). They are composed of both photovoltaic (solar) and thermal components, benefitting from both forms of solar energy. PVT plants need effective solar thermal collectors to store excess energy in thermal batteries and deliver it later. When higher energy is required, specific micro-CHP systems or heat engines allow the energy to be converted to electric. The energy produced by PVT plants is comparable to that of pure PV plants, but PVT plants are far superior when it comes to thermal production, which explains why there's such an increased popularity for fully integrated PVT plants with thermal storage devices.
• Phase Change Materials are Gaining Popularity: There has been a consistent rise in popularity for using phase change materials (PCMs) in thermal batteries. PCMs have a unique ability to store large amounts of thermal energy while maintaining a stable temperature. Their ability to undergo a phase change (such as from solid to liquid) to store and release energy makes these materials extremely versatile. Incorporating PCMs increases the efficiency and cost-effectiveness of thermal batteries, especially for large-scale energy storage applications. In residential and industrial applications, thermal battery systems can offer better performance and a higher energy density and offer cost-effective solutions due to the incorporation of PCMs.
• Integration with a Solar Energy System: Thermal batteries are increasingly being integrated especially with solar and wind power. During peak production when the renewable resources are generating the most energy, these systems can store the excess energy. Then during the "off peak" hours of the day, these stored systems can be utilized to keep the supply of energy stable. This integration is beneficial to solve the problems with intermittency that comes with the use of renewable resources. It also supports the stability of the grid. With other countries trying to cut down their carbon emissions while shifting their focus onto renewable resources, the usage of thermal batteries in energy storage is growing significantly.
• Advancements in Material Science and Efficiency: The new materials for thermal batteries available is what is causing the increased efficiency, energy density, and operational lifespan. Softer materials such as advanced ceramics, composite materials, and some new molten salt formulations are being tested and can improve the storage and releasing of thermal energy. As more and more of these improvements are made, the higher the performance of thermal batteries will be, which means the more competitive they will be with other traditional forms of energy storage like the lithium-ion batteries. In the long-term, this is crucial for high usage of thermal batteries for large scale energy storage systems.
• Government Aid and Support: Countries across the globe are providing more support for thermal energy storage through grants, tax credits, and subsidies. This is even more noticeable in countries like Germany and China which have aggressive goals for renewable energy. Policies from the government are helping to tackle the initial cost challenge of deploying thermal battery systems in both industrial and residential contexts, increasing their adoption. This also helps encourage private funding towards the development of new thermal storage aids, creating more competition in the marketplace.

The trends described - ranging from the rising application of phase change materials (PCMs), incorporation with renewable energy, new material developments, government backing, and the emphasis on long duration storage - are transforming the landscape for thermal batteries. These trends, in conjunction with other developments, are not only enhancing the performance and efficiency of thermal batteries, but are also positioning them as critical technology for the shift towards renewable energy.

Recent Developments in the Thermal Battery Market

The most recent trends within the thermal battery market focus on improving efficiency, scalability, and integration with renewable energy systems. These trends are helping to make deeper efficiencies obtainable for thermal storage technologies in comparison with other energy storage systems. Some of the most notable trends that are affecting the development of the thermal battery market are energy storage integration, renewable energy integration, and competition. Below is a set of five notable trends that are influencing the development of thermal batteries.

• Advancements in Molten Salt Storage: There have been significant developments to systems designed with the use of molten salt, which is a cornerstone in thermal battery technology. Research is focused on delivery systems using novel salt mixtures along with advanced heat transfer methods termed convection. Therefore, these systems are increasingly being used in large-scale energy storage in solar power plants and other industrial facilities. The development of more efficient molten salt storage solutions is helping to lower costs. By lowering costs, the commercial availability of thermal batteries for use in large-scale energy storage applications is increasing.
• Advancements in Hybrid Thermal Storage Technology: The hybrid thermal storage system that merges thermal energy storage with batteries or supercapacitors has become prevalent. Such hybrid systems help increase the flexibility and efficiency of energy storage systems and help overcome the challenges posed by thermal batteries' slow response times. These hybrid systems are proving versatile and responsive to most thermal battery limitations.
• Commercialization of Systems Using Phase Change Materials: Phase change materials thermal batteries are now being commercialized for several uses. These batteries, due to their better energy density and efficiency compared to conventional thermal batteries, have the ability to be more competitive in the market. These systems can store and release thermal energy more efficiently using materials that, when subjected to heat, change phase from solid to liquid, or from liquid to gas. Phase change material-based thermal storage systems are expected to be commercialized more rapidly, making them available in the global energy market.
• Expansion of Projects Aimed at Increasing the Capacity: The development of thermal battery projects designed to support renewable energy systems, particularly in solar and wind energy has grown tremendously. These thermal battery projects are built to store the excess energy during peak generation periods and discharge energy during times of low renewable production. As different nations accelerate their shifts to renewables, researchers believe that these systems may serve as an essential solution for energy balance and managing intermittent energy sources spear allocation.
• Technological Innovation in Passive Thermal Batteries: The research and development activities aimed at new thermal battery materials provide tailored answers to the energy economy and conservation issues. The newer, more advanced materials like high-performance ceramic composites and new molten salt capture have larger size and better retention capacity than older models. These advances improve the design, scalability, and practicality of thermal storage systems, enabling their deployment for diverse applications, from grid energy storage to industrial and residential use.

With an emphasis on current developments in brine storage, hybrid systems, Automated Solar Battery Management System, and phase change materials, these factors are encouraging the expansion of the thermal battery market. As a result, thermal batteries are emerging as an affordable option in the arena of energy storage.

Strategic Growth Opportunities in the Thermal Battery Market

There are numerous opportunities for thermal battery market growth, especially as renewables go wider, and energy storage is crucial for integration. These opportunities cut across several applications like grid energy storage, industrial energy management, and even residential use. Here are five important growth opportunities within the thermal battery market.

• Grid Energy Storage and Stability: Thermal batteries are beginning to be used for large scale wind and solar grid energy storage. When wind and solar sources produce excess energy, thermal batteries can store this energy. This is useful for balancing energy supply to the grid and demand, particularly in countries where renewable sources of energy are staples. These countries face issues such as intermittent supply from renewable sources. These batteries provide long duration storage while mitigating the intermittency of renewable energy sources.
• Industrial Energy Management: In power intensive industries, thermal batteries are being utilized for energy management. These systems can store heat during off peak periods and release this heat when power demand is high. This helps to control expenses and improves energy efficiency. Thermal battery systems are being utilized by manufacturing, chemicals, and cement production industries to control energy expenditures.
• Residential Energy Storage: As solar energy usage continues to grow in homes, there is a clear market for energy storage devices like thermal batteries. Homeowners can store excess solar energy in thermal batteries during the day and utilize them at night. This minimizes the need to draw power from the grid. This opportunity for growth is most beneficial in areas with a lot of solar energy, and where there is a growing interest in sustainable living practices.
• Off-Grid and Remote Area Energy Solutions: In off-grid and remote areas, where access to a dependable power grid is difficult, thermal batteries can offer solutions. By capturing energy from renewable sources, these systems can offer a stable and continuous energy supply to regions that do not have grid access. This opportunity for growth is particularly important for rural or island communities that depend on stand-alone energy systems.
• Integration with Hybrid Energy Systems: Recently, thermal batteries have been incorporated in hybrid energy systems that integrate multiple energy storage devices such as batteries and supercapacitors. By incorporating thermal batteries, these hybrid systems can enhance their energy storage capabilities. The adoption of hybrid systems with thermal batteries increases growth prospects in many areas such as transportation, industrial processes, and smart grid technology.

There are several growth avenues in the thermal battery market in relation to grid energy storage, industrial usage, residential storage, off grid systems, and hybrid energy systems. Such drivers propel the implementation of thermal batteries, deepening their role in the transition towards a sustainable and dependable energy system worldwide.

Thermal Battery Market Driver and Challenges

Many market participants focus on specific economic, regulatory, or technological issues underpinning the cleantech industry. These drivers and challenges influence the flow of the market and its growth and development. Here are the top drivers and challenges in the thermal battery sector.

The factors responsible for driving the thermal battery market include:

1. Technological Changes: Developments in material science and energy storage technologies are propelling the growth of the thermal battery market. The efficiency, scalability, and performance of thermal batteries are improved due to innovations in advanced composites, phase change materials, and molten salts. These innovations make thermal batteries more competitive in the energy storage market.

2. Increasing Adoption of Renewable Energy: The adoption of renewable energy sources like solar and wind at the global level serves as a major driver for the thermal battery market. Thermal batteries help with storing intermittent energy from renewables while helping maintain grid stability. With increasing adoption of renewable energy targets among countries, the need for thermal storage options should increase, which will drive growth in this market.

3. Lessening Costs: As the technology reaches maturity, thermal batteries are expected to become less expensive. This will increase affordability for thermal storage systems for both residential and industrial usage. Economies of scale, along with improved manufacturing processes, are also increasing the cost effectiveness of thermal batteries, driving these reductions.

4. Energy Security and Reliability: For both industrial and residential customers, the use of Thermal Batteries improves energy security by providing reliable and long duration energy storage. As countries work towards refraining from fossil fuels and enhancing energy resilience, the need for reliable power supply, especially at peak demand times is being met with the use of Thermal Batteries.

5. Regulatory Support and Incentives: Subsidies, tax credits, and renewable energy requirements are examples of government policies which are contributing to the growth of the thermal battery market. Policies that favor the integration of energy storage systems and renewable energy stimulate investment in thermal batteries, resulting in increased adoption in multiple sectors.

Challenges in the thermal battery market are:

1. High Initial Investment Costs: The primary barrier to the widespread adoption of thermal battery systems is their high costs upfront. While the long-term benefits are apparent, the initial costs which have to be incurred for deploying thermal batteries is impossible for some industries and regions.

2. Efficiency and Performance Limitations: With progress in material and design, efficiency and performance are still challenges which Thermal Batteries struggle with compared to other technologies such as Lithium Ion batteries. Certain thermal batteries may not be able to respond in a timely manner and hold less energy making them unsuitable for some applications.

3. Market Competition: Other technologies used for energy storage, especially lithium-ion batteries, pose tough competition to the thermal battery market. In comparison to these well-established technologies, thermal batteries need to show better effectiveness, cost value, and scalability in order to compete efficiently.

The factors that are supporting the development of the thermal battery market include the need for advanced technology, increasing interest in renewable sources of energy, declining costs, bolstered energy security, and regulations. Even so, there are problems like high upfront costs, inefficiency, and competition in the market that need to be fixed if thermal batteries are to meet their maximum possible potential.

List of Thermal Battery Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies thermal battery companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the thermal battery companies profiled in this report include-

• Trane
• CALMAC
• EaglePicher
• Sunamp
• ASB Group
• Diehl Energy Products
• EnergyNest

Thermal Battery Market by Segment

The study includes a forecast for the global thermal battery market by type, application, and region.

Thermal Battery Market by Type [Value from 2019 to 2031]:

• Encapsulated
• Unencapsulated

Thermal Battery Market by Application [Value from 2019 to 2031]:

• Military
• Aeronautic
• Home

Thermal Battery Market by Region [Value from 2019 to 2031]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Thermal Battery Market

The market for thermal battery market is expanding at a fast pace on account of the growing demand for renewable energy solutions and energy storage options. In comparison to traditional batteries, thermal batteries have a unique approach to storing and releasing energy through compression. The United States, China, Germany, India and Japan are already investing and developing thermal battery technology. It is crucial for these nations to further develop energy storage systems to help combat the shift towards green energy while meeting the immediate demand for energy storage. Here are the major developments in the thermal battery market in these countries.

• United States: The introduction of new and more renewable energy sources has led to a greater need for efficient energy storage systems, which has accelerated the adoption of thermal battery technology in the United States. There has been significant progress towards the development of thermal storage systems that capture energy, store it as heat, and release it when needed. In the U.S., businesses are developing large-scale thermal battery systems that are designed to competitively store energy from the grid and for industrial purposes. Competitiveness with other energy storage technologies is greatly influenced by the effectiveness and scalability of these systems.
• China: Thermal battery technology and its energy storage capabilities are China's greatest focus at the moment, especially with the attempts to shift towards greener energy. The nation has created numerous pilot projects that utilize molten salt and phase change material based thermal storage systems. These systems are being utilized for grid reliability and energy storage from wind and solar farms. A lot of financing has been set aside by the Chinese government towards new energy storage technology development, which thermal batteries will be invaluable to. The attention is now shifted towards making the integration of thermal batteries into the national grid more economically favorable.
• Germany: Germany has always been at the forefront of innovative practices, especially pertaining to the storage of energy, and thermal batteries are no exception. In conjunction with the growth of the renewable energy sector, the country is adopting thermal energy storage more frequently, particularly for wind and solar energy. With the use of molten salt storage, German companies are creating high-efficiency thermal batteries which enable long-duration energy storage. In addition, Germany is trying to make the environmental footprint of thermal batteries smaller by using greener materials and making thermal storage systems more environmentally friendly in the future.
• India: As part of its broader strategy to increase energy access and integrate renewable energy, India is looking into thermal battery technology. The government has started multiple pilot projects focused on deploying thermal storage strategies, primarily in remote rural regions where energy demand is highly intermittent. Thermal batteries would allow for the storage of solar energy during the day so that electricity can be supplied at night. Investigations are being carried out in India for the possibility of integrating thermal energy storage with India's growing solar energy infrastructure to improve grid reliability and fuel energy security.
• Japan: As part of a broader strategy to transition to renewables and improve grid stability, Japan has started investing is thermal battery systems. Japan has focused on the development of molten salt and phase change materials for large scale energy storage. Japan is also a leader in research focused on coupling thermal energy storage systems with industrial processes in manufacturing and heavy industries. As Japan moves towards the carbon neutrality goal, the role of thermal batteries is becoming more important for renewable energy integration while providing stable and dependable power supply.

Features of the Global Thermal Battery Market

Market Size Estimates: Thermal battery market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: Thermal battery market size by type, application, and region in terms of value ($B).

Regional Analysis: Thermal battery market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the thermal battery market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the thermal battery market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the thermal battery market by type (encapsulated and unencapsulated), application (military, aeronautic, and home), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Thermal Battery Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2019 to 2031

• 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
• 3.2. Global Thermal Battery Market Trends (2019-2024) and Forecast (2025-2031)
• 3.3: Global Thermal Battery Market by Type
  • 3.3.1: Encapsulated
  • 3.3.2: Unencapsulated
• 3.4: Global Thermal Battery Market by Application
  • 3.4.1: Military
  • 3.4.2: Aeronautic
  • 3.4.3: Home

4. Market Trends and Forecast Analysis by Region from 2019 to 2031

• 4.1: Global Thermal Battery Market by Region
• 4.2: North American Thermal Battery Market
  • 4.2.1: North American Market by Type: Encapsulated and Unencapsulated
  • 4.2.2: North American Market by Application: Military, Aeronautic, and Home
• 4.3: European Thermal Battery Market
  • 4.3.1: European Market by Type: Encapsulated and Unencapsulated
  • 4.3.2: European Market by Application: Military, Aeronautic, and Home
• 4.4: APAC Thermal Battery Market
  • 4.4.1: APAC Market by Type: Encapsulated and Unencapsulated
  • 4.4.2: APAC Market by Application: Military, Aeronautic, and Home
• 4.5: ROW Thermal Battery Market
  • 4.5.1: ROW Market by Type: Encapsulated and Unencapsulated
  • 4.5.2: ROW Market by Application: Military, Aeronautic, and Home

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Thermal Battery Market by Type
  • 6.1.2: Growth Opportunities for the Global Thermal Battery Market by Application
  • 6.1.3: Growth Opportunities for the Global Thermal Battery Market by Region
• 6.2: Emerging Trends in the Global Thermal Battery Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Thermal Battery Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Thermal Battery Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: Trane
• 7.2: CALMAC
• 7.3: EaglePicher
• 7.4: Sunamp
• 7.5: ASB Group
• 7.6: Diehl Energy Products
• 7.7: EnergyNest