5th Floor, Brigade Towers,
Financial District, Gachibowli,
Hyderabad - 500032,
The Africa Thermal Energy Storage Market is segmented by Application (Power Generation and Heating and Cooling), Storage Type (Molten Salt, Heat, Ice, and Other Storage Types), and Geography (South Africa, Morocco, and Rest of Africa).
The African thermal energy storage market is expected to witness a CAGR of over 10%, during the forecast period. Factors, such as growing impetus for renewable energy generation in Africa (like concentrated solar power, increasing demand for thermal energy storage systems in heating, ventilation, and air conditioning (HVAC) application), government incentives for thermal energy storage systems, and advancements in material sciences, are some of the major factors driving the demand for the market studied in the region.
However, the declining battery costs leading to an increase in installations of battery storage and high costs of developing and installing thermal energy storage systems associated with thermal energy storage are expected to hinder the growth of the market in Africa.
Power generation through thermal energy storage systems is expected to be the largest segment by application, with the majority of demand rising from African countries, such as South Africa, Algeria, etc.
Algeria’s energy requirements are heavily dependent on natural gas, which amounts to about 93% of power generation in the country. However, the country has enormous solar energy potential and is planning to release several tenders for renewable capacity creating ample opportunity for the market players.
South Africa is expected to be the largest market for thermal energy storage in the Africa region, due to large deployments of CSP with thermal energy storage, along with increasing demand for backup power for commercial and industrial applications.
The African thermal energy storage market includes:
|Heating and Cooling|
|By Storage Type|
|Other Storage Types|
|Rest of Africa|
Report scope can be customized per your requirements. Click here.
To understand key trends, Download Sample Report
To understand geography trends, Download Sample Report.
The African thermal energy storage market is moderately consolidated. Some of the major companies include Eskom Holdings SOC Ltd, Abengoa SA, ACWA Power International, SENER Group, and Engie SA, among others.
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.2 Market Size and Demand Forecast in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Application
5.1.1 Power Generation
5.1.2 Heating and Cooling
5.2 By Storage Type
5.2.1 Molten Salt
5.2.4 Other Storage Types
5.3 By Geography
5.3.1 South Africa
5.3.3 Rest of Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Abengoa SA
6.3.2 ACWA Power International
6.3.3 Azelio AB
6.3.4 BrightSource Energy Inc.
6.3.5 Engie SA
6.3.6 Eskom Holdings SOC Ltd
6.3.7 SENER Group
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability