용융염 열에너지 저장 시장 - 세계 산업 규모, 점유율, 동향, 기회, 예측 : 기술별, 지역별, 경쟁(2021-2031년)

The Global Molten Salt Thermal Energy Storage Market is forecast to grow significantly, from USD 4.53 Billion in 2025 to USD 7.67 Billion by 2031, exhibiting a 9.17% CAGR. This technology leverages salt mixtures, primarily sodium and potassium nitrates, to store thermal energy at high temperatures for subsequent electricity generation or industrial heating applications. The market's expansion is driven by the escalating demand for long-duration, dispatchable energy storage crucial for stabilizing power grids against the intermittency of renewable sources like wind and solar. Additionally, global mandates for industrial decarbonization are accelerating the adoption of these systems to provide reliable, zero-carbon process heat, distinguishing them from short-term battery storage solutions. Despite its potential, the market faces challenges, particularly regarding deployment costs and technical complexities. For instance, in 2025, molten salt tower technology constituted approximately 57.4% of China's cumulative installed concentrating solar power capacity, according to the China Solar Thermal Alliance. However, a major impediment to broader market growth is the high capital expenditure required for specialized infrastructure and materials, necessary to withstand the corrosive nature of molten salts at elevated temperatures.

Market Driver

The primary catalyst for the molten salt thermal energy storage market is the expansion of Global Concentrated Solar Power (CSP) infrastructure, given molten salt's superior heat transfer properties and its capability to provide dispatchable baseload electricity. Unlike intermittent photovoltaic systems, CSP plants utilize molten salt to store thermal energy for delayed power generation, effectively bridging the gap between peak solar availability and peak grid demand. This infrastructure build-out is notably strong in key markets such as China, where state-backed projects are rapidly scaling; the China Solar Thermal Alliance reported in February 2025 that the nation had 34 CSP projects under construction with a total capacity of 3,300 MW, indicating a robust pipeline that directly drives demand for large-scale molten salt inventories. Simultaneously, market opportunities are diversifying beyond utility-scale power generation due to the growth in industrial process heat and thermal management applications. Heavy industries are increasingly adopting molten salt technologies to replace fossil-fuel boilers with renewable thermal batteries in their efforts to decarbonize high-temperature processes. This shift is supported by initiatives such as the U.S. Department of Energy's June 2025 announcement of $15M in funding for projects advancing energy storage, validating the strategic move towards resilient, non-lithium storage solutions. By the end of 2024, the global installed capacity of concentrated solar power reached approximately 6.9 GW, as reported by IRENA in 2025.

Market Challenge

A substantial barrier to the expansion of the Global Molten Salt Thermal Energy Storage Market is the high capital expenditure required for specialized infrastructure. The extreme temperatures and corrosive properties of molten salts necessitate the use of premium-grade alloys, heavy-duty pumps, and advanced piping systems to ensure operational safety and longevity. This requirement for durable, high-performance materials significantly elevates the initial financial outlay for project development. Consequently, financial stakeholders often perceive these projects as high-risk ventures compared to less capital-intensive storage alternatives, which in turn slows final investment decisions and project commissioning. This financial burden directly constrains market growth by limiting the technology to regions offering strong subsidy support or having specific industrial needs. The resulting cost disparity creates a difficult competitive landscape for developers seeking funding. For instance, the China Solar Thermal Alliance reported in 2024 that the unit investment cost for molten salt tower solar thermal power projects was approximately 16,500 yuan per kilowatt. Such elevated upfront costs deter broader commercial adoption, as potential investors frequently struggle to justify the massive capital requirements needed to manage the complex engineering and procurement phases essential for these thermal storage facilities.

Market Trends

Two pivotal trends are shaping the molten salt thermal energy storage market. Firstly, retrofitting decommissioned coal power infrastructure is emerging as a critical strategy to repurpose retiring fossil fuel assets into renewable dispatch centers. By integrating molten salt heaters and storage tanks with existing steam turbines, generators, and transmission lines, utilities can convert conventional plants into thermal energy storage facilities-often termed "Carnot batteries"-at a fraction of the capital cost of greenfield projects. This approach not only mitigates the risk of stranded assets but also provides the grid with essential inertia and long-duration discharge capabilities previously offered by coal combustion. An illustrative example is the newly commissioned retrofit project at the Suzhou Power Plant in China, which, according to CHN Energy in September 2025, utilizes a two-tank system to provide a rated thermal storage capacity of 1,000 MWh, enabling dispatchable power without direct fossil fuel consumption. Secondly, integration with next-generation nuclear power systems represents a sophisticated market evolution, extending molten salt storage applications beyond their traditional association with concentrated solar power. Advanced nuclear designs, particularly sodium-cooled fast reactors, are increasingly incorporating molten salt thermal storage to decouple steady-state reactor operations from variable grid demand. This hybridization allows nuclear plants to operate at optimal baseload efficiency while storing excess heat to provide flexible, load-following electricity during peak periods, effectively functioning as a massive thermal battery. TerraPower's December 2025 press release highlighted this, noting that the Natrium Reactor's integrated molten salt-based energy storage system enables the reactor to boost its net power output from a baseline of 345 MWe to 500 MWe for over five hours to meet high electricity demand.

Key Market Players

• Yara International ASA
• Acciona, S.A.
• Abengoa SA
• BrightSource Energy, Inc.
• SENER Grupo de Ingenieria, S.A.
• SolarReserve, LLC
• Engie SA
• SCHOTT AG

Report Scope

In this report, the Global Molten Salt Thermal Energy Storage Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Molten Salt Thermal Energy Storage Market, By Technology

• Parabolic Trough
• Fresnel Reflector
• Power Tower

Molten Salt Thermal Energy Storage Market, By Region

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
• South America
  • Brazil
  • Argentina
  • Colombia
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Molten Salt Thermal Energy Storage Market.

Available Customizations:

Global Molten Salt Thermal Energy Storage Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Table of Contents

1. Product Overview

• 1.1. Market Definition
• 1.2. Scope of the Market
  • 1.2.1. Markets Covered
  • 1.2.2. Years Considered for Study
  • 1.2.3. Key Market Segmentations

2. Research Methodology

• 2.1. Objective of the Study
• 2.2. Baseline Methodology
• 2.3. Key Industry Partners
• 2.4. Major Association and Secondary Sources
• 2.5. Forecasting Methodology
• 2.6. Data Triangulation & Validation
• 2.7. Assumptions and Limitations

3. Executive Summary

• 3.1. Overview of the Market
• 3.2. Overview of Key Market Segmentations
• 3.3. Overview of Key Market Players
• 3.4. Overview of Key Regions/Countries
• 3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Molten Salt Thermal Energy Storage Market Outlook

• 5.1. Market Size & Forecast
  • 5.1.1. By Value
• 5.2. Market Share & Forecast
  • 5.2.1. By Technology (Parabolic Trough, Fresnel Reflector, Power Tower)
  • 5.2.2. By Region
  • 5.2.3. By Company (2025)
• 5.3. Market Map

6. North America Molten Salt Thermal Energy Storage Market Outlook

• 6.1. Market Size & Forecast
  • 6.1.1. By Value
• 6.2. Market Share & Forecast
  • 6.2.1. By Technology
  • 6.2.2. By Country
• 6.3. North America: Country Analysis
  • 6.3.1. United States Molten Salt Thermal Energy Storage Market Outlook
    • 6.3.1.1. Market Size & Forecast
      • 6.3.1.1.1. By Value
    • 6.3.1.2. Market Share & Forecast
      • 6.3.1.2.1. By Technology
  • 6.3.2. Canada Molten Salt Thermal Energy Storage Market Outlook
    • 6.3.2.1. Market Size & Forecast
      • 6.3.2.1.1. By Value
    • 6.3.2.2. Market Share & Forecast
      • 6.3.2.2.1. By Technology
  • 6.3.3. Mexico Molten Salt Thermal Energy Storage Market Outlook
    • 6.3.3.1. Market Size & Forecast
      • 6.3.3.1.1. By Value
    • 6.3.3.2. Market Share & Forecast
      • 6.3.3.2.1. By Technology

7. Europe Molten Salt Thermal Energy Storage Market Outlook

• 7.1. Market Size & Forecast
  • 7.1.1. By Value
• 7.2. Market Share & Forecast
  • 7.2.1. By Technology
  • 7.2.2. By Country
• 7.3. Europe: Country Analysis
  • 7.3.1. Germany Molten Salt Thermal Energy Storage Market Outlook
    • 7.3.1.1. Market Size & Forecast
      • 7.3.1.1.1. By Value
    • 7.3.1.2. Market Share & Forecast
      • 7.3.1.2.1. By Technology
  • 7.3.2. France Molten Salt Thermal Energy Storage Market Outlook
    • 7.3.2.1. Market Size & Forecast
      • 7.3.2.1.1. By Value
    • 7.3.2.2. Market Share & Forecast
      • 7.3.2.2.1. By Technology
  • 7.3.3. United Kingdom Molten Salt Thermal Energy Storage Market Outlook
    • 7.3.3.1. Market Size & Forecast
      • 7.3.3.1.1. By Value
    • 7.3.3.2. Market Share & Forecast
      • 7.3.3.2.1. By Technology
  • 7.3.4. Italy Molten Salt Thermal Energy Storage Market Outlook
    • 7.3.4.1. Market Size & Forecast
      • 7.3.4.1.1. By Value
    • 7.3.4.2. Market Share & Forecast
      • 7.3.4.2.1. By Technology
  • 7.3.5. Spain Molten Salt Thermal Energy Storage Market Outlook
    • 7.3.5.1. Market Size & Forecast
      • 7.3.5.1.1. By Value
    • 7.3.5.2. Market Share & Forecast
      • 7.3.5.2.1. By Technology

8. Asia Pacific Molten Salt Thermal Energy Storage Market Outlook

• 8.1. Market Size & Forecast
  • 8.1.1. By Value
• 8.2. Market Share & Forecast
  • 8.2.1. By Technology
  • 8.2.2. By Country
• 8.3. Asia Pacific: Country Analysis
  • 8.3.1. China Molten Salt Thermal Energy Storage Market Outlook
    • 8.3.1.1. Market Size & Forecast
      • 8.3.1.1.1. By Value
    • 8.3.1.2. Market Share & Forecast
      • 8.3.1.2.1. By Technology
  • 8.3.2. India Molten Salt Thermal Energy Storage Market Outlook
    • 8.3.2.1. Market Size & Forecast
      • 8.3.2.1.1. By Value
    • 8.3.2.2. Market Share & Forecast
      • 8.3.2.2.1. By Technology
  • 8.3.3. Japan Molten Salt Thermal Energy Storage Market Outlook
    • 8.3.3.1. Market Size & Forecast
      • 8.3.3.1.1. By Value
    • 8.3.3.2. Market Share & Forecast
      • 8.3.3.2.1. By Technology
  • 8.3.4. South Korea Molten Salt Thermal Energy Storage Market Outlook
    • 8.3.4.1. Market Size & Forecast
      • 8.3.4.1.1. By Value
    • 8.3.4.2. Market Share & Forecast
      • 8.3.4.2.1. By Technology
  • 8.3.5. Australia Molten Salt Thermal Energy Storage Market Outlook
    • 8.3.5.1. Market Size & Forecast
      • 8.3.5.1.1. By Value
    • 8.3.5.2. Market Share & Forecast
      • 8.3.5.2.1. By Technology

9. Middle East & Africa Molten Salt Thermal Energy Storage Market Outlook

• 9.1. Market Size & Forecast
  • 9.1.1. By Value
• 9.2. Market Share & Forecast
  • 9.2.1. By Technology
  • 9.2.2. By Country
• 9.3. Middle East & Africa: Country Analysis
  • 9.3.1. Saudi Arabia Molten Salt Thermal Energy Storage Market Outlook
    • 9.3.1.1. Market Size & Forecast
      • 9.3.1.1.1. By Value
    • 9.3.1.2. Market Share & Forecast
      • 9.3.1.2.1. By Technology
  • 9.3.2. UAE Molten Salt Thermal Energy Storage Market Outlook
    • 9.3.2.1. Market Size & Forecast
      • 9.3.2.1.1. By Value
    • 9.3.2.2. Market Share & Forecast
      • 9.3.2.2.1. By Technology
  • 9.3.3. South Africa Molten Salt Thermal Energy Storage Market Outlook
    • 9.3.3.1. Market Size & Forecast
      • 9.3.3.1.1. By Value
    • 9.3.3.2. Market Share & Forecast
      • 9.3.3.2.1. By Technology

10. South America Molten Salt Thermal Energy Storage Market Outlook

• 10.1. Market Size & Forecast
  • 10.1.1. By Value
• 10.2. Market Share & Forecast
  • 10.2.1. By Technology
  • 10.2.2. By Country
• 10.3. South America: Country Analysis
  • 10.3.1. Brazil Molten Salt Thermal Energy Storage Market Outlook
    • 10.3.1.1. Market Size & Forecast
      • 10.3.1.1.1. By Value
    • 10.3.1.2. Market Share & Forecast
      • 10.3.1.2.1. By Technology
  • 10.3.2. Colombia Molten Salt Thermal Energy Storage Market Outlook
    • 10.3.2.1. Market Size & Forecast
      • 10.3.2.1.1. By Value
    • 10.3.2.2. Market Share & Forecast
      • 10.3.2.2.1. By Technology
  • 10.3.3. Argentina Molten Salt Thermal Energy Storage Market Outlook
    • 10.3.3.1. Market Size & Forecast
      • 10.3.3.1.1. By Value
    • 10.3.3.2. Market Share & Forecast
      • 10.3.3.2.1. By Technology

11. Market Dynamics

• 11.1. Drivers
• 11.2. Challenges

12. Market Trends & Developments

• 12.1. Merger & Acquisition (If Any)
• 12.2. Product Launches (If Any)
• 12.3. Recent Developments

13. Global Molten Salt Thermal Energy Storage Market: SWOT Analysis

14. Porter's Five Forces Analysis

• 14.1. Competition in the Industry
• 14.2. Potential of New Entrants
• 14.3. Power of Suppliers
• 14.4. Power of Customers
• 14.5. Threat of Substitute Products

15. Competitive Landscape

• 15.1. Yara International ASA
  • 15.1.1. Business Overview
  • 15.1.2. Products & Services
  • 15.1.3. Recent Developments
  • 15.1.4. Key Personnel
  • 15.1.5. SWOT Analysis
• 15.2. Acciona, S.A.
• 15.3. Abengoa SA
• 15.4. BrightSource Energy, Inc.
• 15.5. SENER Grupo de Ingenieria, S.A.
• 15.6. SolarReserve, LLC
• 15.7. Engie SA
• 15.8. SCHOTT AG

16. Strategic Recommendations

17. About Us & Disclaimer