Energy Storing Concrete Market By Technology Type(Phase Change Materials (PCM) Concrete, Conductive Concrete, Other), By End-Use Industry(Buildings, Infrastructure, Other), By Distribution Channel(Direct Sales, Distributors and Retailers, Other), By Region And Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, And Forecast 2023-2032

Report Overview

Energy Storing Concrete Market size is expected to be worth around USD 1,254.3 Mn by 2032 from USD 245.7 Mn in 2022, growing at a CAGR of 18.2% during the forecast period from 2023 to 2032.

Energy storing concrete is revolutionizing the construction industry. This innovative material stores and releases energy, enabling efficient energy management in buildings and structures. By incorporating phase change materials or conductive substances, energy storing concrete can absorb thermal energy when in surplus and discharge it during peak demand. This balances energy grids, reduces fossil fuel reliance, and combats climate change.

Recent advancements have enhanced energy storing concrete's properties and applications. Nanotechnology integration refines its energy storage and discharge control. Self-monitoring concrete senses and repairs cracks, ensuring building longevity. Companies now utilize this technology for sustainable, energy-autonomous structures. Infrastructure projects like roads and bridges leverage its energy management capabilities.

The energy storing concrete market has seen remarkable growth as industries recognize its potential. The construction sector particularly embraces it for creating energy-efficient, sustainable buildings. Transportation also shows interest in efficiently charging electric vehicles wirelessly. Rising emphasis on energy efficiency and renewable energy sources like solar and wind amplifies the need for effective energy storage solutions like energy storing concrete. Digitalization and the Internet of Things facilitate integrating it into smart infrastructure.

Driving factors

Surging Demand for Sustainable Building Materials

The rising global demand for sustainable and eco-friendly building materials is a major driver for the energy storing concrete market. With increasing environmental consciousness among consumers and stringent governmental regulations, the construction industry is moving towards sustainability. Energy storing concrete aligns well with this trend as it reduces the carbon footprint of buildings and promotes the utilization of renewable energy. The ability of energy storing concrete to enable energy savings of up to 30% compared to conventional materials is attracting various stakeholders in the construction value chain. Leading real estate firms, contractors, architects, and engineers are specifying energy storing concrete in their projects, driving market growth.

Increasing Adoption in Smart Infrastructure

The advancements in smart infrastructure and the Internet of Things have opened up new pathways for energy storing concrete adoption. Integrating energy storing concrete with sensors, automation systems, and data analytics enables intelligent monitoring and management of energy flows in buildings and infrastructure. The ability to collect real-time performance data and enable remote control improves energy efficiency and grid-balancing applications. As governments undertake the modernization of transportation networks, power grids, and civic infrastructure, energy storing concrete is being increasingly integrated to develop smart and connected systems. The expanding utilization of intelligent infrastructure is boosting market size.

Favorable Government Policies and Initiatives

Governments worldwide are taking policy measures to accelerate the deployment of energy-efficient building materials and renewables integration. Financial incentives like tax credits, public funding for R&D, and building code revisions mandating energy efficiency are being formulated. For instance, the EU's Concrete Innovation Hub focuses on developing carbon-neutral concrete solutions. Such initiatives encourage the adoption of energy storing concrete in construction and infrastructure.

Restraining Factors

High Production Costs

The complex specialized materials and intricate manufacturing processes involved in making energy storing concrete significantly increase its cost compared to conventional concrete. The requirement for technical expertise and skilled labor for installation further adds to the pricing, making it unaffordable for many small-scale residential and commercial projects. Bringing down costs through economies of scale, supply chain improvements, and localized manufacturing is key to driving adoption among price-sensitive customer segments.

Underdeveloped Supply Chain

The lack of robust supply chain infrastructure poses a key challenge, given the nascent stage of the energy storing concrete industry. Issues like the absence of clear standards, unavailability of raw materials, lack of skilled workforce, and minimal manufacturing/distribution networks constrain the capacity to serve the rising global demand in a cost-effective manner. A concerted focus on developing the ecosystem of suppliers, concrete producers, contractors, distributors, and supporting industries is vital to support large-scale adoption.

Technology Type Analysis

Phase Change Materials (PCM) Concrete segment dominates energy storing concrete market.

The energy-storing concrete market has seen significant advancements in recent years, with the Phase Change Materials (PCM) Concrete segment emerging as the dominant technology type. PCM Concrete utilizes phase change materials that can store and release thermal energy during phase transitions, providing energy savings and improved thermal comfort.

One of the key drivers of the adoption of PCM Concrete in the energy storing concrete market is the economic development in emerging economies. These countries are experiencing rapid urbanization and increased construction activities, leading to rising demand for sustainable building materials. As emerging economies strive for economic growth and improved living standards, there is a growing emphasis on energy-efficient infrastructure. PCM Concrete offers a viable solution, allowing these economies to reduce their energy consumption and carbon footprint without compromising on comfort or functionality.

End-Use Analysis

Buildings Segment Dominates Energy Storing Concrete Market

Within the energy storing concrete market, the buildings segment asserts its dominance, holding a significant share. Energy storing concrete has gained prominence in the construction of various building types, including residential, commercial, and institutional structures. The buildings sector's strong demand for energy-efficient solutions, as well as the desire to reduce carbon emissions, has propelled the adoption of energy storing concrete. This segment offers a range of benefits, including reduced energy consumption, improved thermal comfort, and enhanced indoor air quality. These advantages make it an ideal choice for building projects seeking sustainability and cost savings.

The adoption of energy storing concrete in the buildings segment is heavily influenced by economic development in emerging economies. As these economies experience rapid urbanization and increased construction activities, there is a growing demand for innovative building materials that can meet sustainability goals. Developing countries, particularly in Asia and Africa, are witnessing a surge in construction projects. Energy storing concrete enables these economies to construct energy-efficient buildings that comply with environmentally friendly standards. This aligns with their vision for economic growth, environmental responsibility, and improved living conditions.

Distribution Channel Analysis

Direct Sales Segment Dominates Energy Storing Concrete Market

Within the energy storing concrete market, the direct sales segment takes precedence as the dominant distribution channel. Direct sales involve selling energy storing concrete directly from manufacturers to end-users without the involvement of intermediaries. The dominance of the direct sales segment can be attributed to various factors. Firstly, energy storing concrete is a specialized product that requires technical expertise and customized solutions. Direct sales allow manufacturers to provide personalized recommendations and guidance to end-users, ensuring their specific requirements are met.

Secondly, direct sales enable manufacturers to establish direct relationships with their customers, fostering trust and loyalty. By directly engaging with end-users, manufacturers can better understand their needs and preferences, and tailor their products and services accordingly.

Key Market Segments

By Technology Type

• Phase Change Materials (PCM) Concrete
• Conductive Concrete
• Hybrid Energy-Storing Concrete

By End-Use Industry

• Buildings
• Infrastructure
• Renewable Energy
• Smart Cities

By Distribution Channel

• Direct Sales
• Distributors and Retailers
• Online Sales

By Product Form

• Pre-cast Concrete Blocks/Panels
• Ready-Mix Concrete
• Customized Forms

By Application

• Thermal Energy Storage
• Electrical Energy Storage
• Mechanical Energy Storage

Growth Opportunity

Integration of Energy Storing Concrete in Smart Cities

The integration of energy storing concrete into the infrastructure of smart cities can provide significant benefits for energy management and sustainability. By incorporating concrete containing phase change materials into buildings, roads, bridges, and other structures, cities can effectively store thermal energy. This enables managing energy supply during peak demand periods, reducing reliance on the main power grid. Energy storing concrete's ability to absorb and release energy aligns well with smart cities' goals to optimize resources and create resilient, energy-efficient urban environments. Widespread use in smart city projects can lead to lower greenhouse gas emissions, better utilization of renewable energy, and an enhanced quality of life for residents.

Latest Trends

Renewable Energy Storage

With the continued growth of renewable energy sources like solar and wind, effective energy storage solutions are becoming increasingly important. Renewables have an intermittent output and energy storage helps overcome this issue by capturing excess renewable energy and releasing it when required. Energy storing concrete allows buildings and infrastructure to serve as energy storage hubs, storing renewable energy during peak production times. This provides stability to power grids and enables higher renewable energy penetration. Governments globally are offering incentives and funding for energy storage projects, further driving growth.

Electric Vehicles

The rising adoption of electric vehicles is creating a growing need for EV charging infrastructure. Energy storing concrete enables buildings to store electricity and release it to charge electric vehicles when required. With smart scheduling and vehicle-to-grid integration, the energy stored in building concrete can be used to optimize EV charging load on grids. Energy storing concrete-based charging hubs allow EVs to charge during off-peak times when electricity rates are lower. This supports the expansion of EV fleets while managing grid impact.

Phase Change Materials

Energy storing concrete often incorporates phase change materials (PCMs) which absorb and release energy through phase transitions. Advances are being made in organic PCMs like fatty acids as well as inorganic PCMs including salt hydrates and eutectics. Encapsulation techniques are improving PCM thermal reliability. Composite PCMs that combine organic and inorganic materials are also being developed to optimize energy storage density and efficiency. The progress in advanced PCMs is enhancing the capabilities of energy storing concrete.

Regional Analysis

The Asia-Pacific region is poised to dominate the global energy-storing concrete market in 2023, driven by rapid urbanization, infrastructure development, and favorable government policies. With a growing population and rising energy needs, countries like China, Japan, Australia, South Korea and India are emerging as major markets for energy storing concrete technologies.

China is expected to account for the largest share of the Asia-Pacific energy-storing concrete market. The country's ongoing expansion of renewable energy capacities and electric vehicle adoption is creating massive demand for solutions that enable energy storage within buildings and infrastructure. Additionally, supportive policies and incentives for green construction are propelling the adoption of energy-storing concrete.

Japan is also anticipated to contribute substantially to the growth of the regional market. Innovations by leading Japanese companies in advanced phase change materials and concrete manufacturing are driving advances in energy-storing concrete. Moreover, the Japanese government's target to achieve carbon neutrality by 2050 is to encourage the use of sustainable construction materials.

Key Regions and Countries

North America

• US
• Canada
• Mexico

Western Europe

• Germany
• France
• The UK
• Spain
• Italy
• Portugal
• Ireland
• Austria
• Switzerland
• Benelux
• Nordic
• Rest of Western Europe

Eastern Europe

• Russia
• Poland
• The Czech Republic
• Greece
• Rest of Eastern Europe

APAC

• China
• Japan
• South Korea
• India
• Australia & New Zealand
• Indonesia
• Malaysia
• Philippines
• Singapore
• Thailand
• Vietnam
• Rest of APAC

Latin America

• Brazil
• Colombia
• Chile
• Argentina
• Costa Rica
• Rest of Latin America

Middle East & Africa

• Algeria
• Egypt
• Israel
• Kuwait
• Nigeria
• Saudi Arabia
• South Africa
• Turkey
• United Arab Emirates
• Rest of MEA

Key Players Analysis

LafargeHolcim is a leading global building materials and solutions company. LafargeHolcim has introduced Ductal®, a high-performance energy-storing concrete that is widely used in infrastructure projects. The company focuses on innovation and sustainability to provide solutions that meet the growing demand for energy-efficient products.

HeidelbergCement Group is a multinational building materials company. They have developed a specialized version of energy-storing concrete called CO2NSTONETM, which uses carbon capture technology to store energy. HeidelbergCement Group is committed to reducing carbon emissions in the construction industry and offers a range of sustainable products.

Solidia Technologies is a US-based company that specializes in low-carbon cement and concrete production. Their patented technology reduces the carbon footprint of concrete production by up to 70% compared to traditional methods. Solidia's energy-storing concrete offers high performance and durability, making it suitable for various applications.

Top Key Players in Energy Storing Concrete Market

• LafargeHolcim Ltd.
• HeidelbergCement AG
• CEMEX S.A.B. de C.V.
• CarbonCure Technologies Inc.
• Solidia Technologies Inc.
• Cellcrete Technologies LLC
• BASF SE
• Blue Planet Ltd.
• Pantheon Enterprises LLC
• XtreeE

Recent Development

• In 2022, Sto Energy raised an impressive $2.5 million in seed funding. This substantial investment will further propel the development of their groundbreaking energy storing concrete technology.
• In 2021, Solidia Technologies, a pioneering company in the field, made waves with a remarkable $10 million investment from Shell. This collaboration has fortified Solidia's position as a key player, providing them with the necessary resources to revolutionize energy storing concrete technologies.
• In 2020, Hewlett Packard Enterprise (HPE) and the University of California Berkeley proudly announced their joint success in developing a novel form of energy storing concrete. This groundbreaking achievement exemplifies the immense potential of the market, attracting attention from industry stakeholders and signaling a new era for sustainable infrastructure.

Report Scope