Japan Thermal Energy Storage Market Size & Outlook
Japan thermal energy storage market, 2018-2030 (US$M)
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Japan thermal energy storage market highlights
- The Japan thermal energy storage market generated a revenue of USD 136.4 million in 2023 and is expected to reach USD 305.8 million by 2030.
- The Japan market is expected to grow at a CAGR of 12.2% from 2024 to 2030.
- In terms of segment, commercial was the largest revenue generating application in 2023.
- Industrial is the most lucrative application segment registering the fastest growth during the forecast period.
Thermal energy storage market data book summary
| Market revenue in 2023 | USD 136.4 million |
| Market revenue in 2030 | USD 305.8 million |
| Growth rate | 12.2% (CAGR from 2023 to 2030) |
| Largest segment | Commercial |
| Fastest growing segment | Industrial |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Commercial, Industrial |
| Key market players worldwide | Amsted Industries, BrightSource Energy, Abengoa, Terrafore Technologies, Ice Energy, Caldwell Energy Company, Cryogel, Steffes Corporation |
Other key industry trends
- In terms of revenue, Japan accounted for 2.7% of the global thermal energy storage market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China thermal energy storage market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 323.8 million by 2030.
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Thermal Energy Storage Market Scope
Thermal Energy Storage Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan thermal energy storage market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to thermal energy storage market will help companies and investors design strategic landscapes.
Commercial was the largest segment with a revenue share of 71.26% in 2023. Horizon Databook has segmented the Japan thermal energy storage market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
Japan accounted for significant market share in Asia Pacific thermal energy storage market and is projected to grow at 10.1% CAGR during the forecast period. Japan is the one of the largest solar power generating economy in the region and it is expected to invest even more in unconventional energy resources over the forecast period.
Following the Fukushima nuclear disaster in 2011, Japan has significantly invested in clean and green power generation. Moreover, various policies and regulation introduced by Japanese government for developing cleaner and greener energy projects in the country.
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Our clientele includes a mix of thermal energy storage market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan thermal energy storage market , including forecasts for subscribers. This country databook contains high-level insights into Japan thermal energy storage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Japan thermal energy storage market size, by application, 2018-2030 (US$M)
Japan Thermal Energy Storage Market Outlook Share, 2023 & 2030 (US$M)
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