Energy Storing Bricks Market size was valued at USD 392.47 million in 2024 and is likely to cross USD 3.15 billion by 2037, expanding at more than 17.4% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of energy storing bricks is estimated at USD 450.52 million.
Regular red bricks used for construction can be modified into energy storing bricks, connected to a power source, majorly solar panels. The red material, i.e., iron oxide present in bricks can act as electrical conductors, and the porous nature of bricks is excellent to store the charge. The growth of the market can be attributed to the growing advancement in energy and power sector, growing adoption of renewable energy, and increasing environmental awareness amongst the masses. Bricks are capable of absorbing heat, and on a similar principle, these bricks can be connected to solar panels, to store renewable energy produced by the panel. According to the researchers at the Washington University in St. Louis, 50 capacitor bricks can be charged in almost 13 minutes, which will be enough to power the emergency lighting of a building for at least 50 minutes. The various benefits offered by this technology are estimated to boost the energy storing bricks market growth. Moreover, it does not require any special kind of bricks or other set-up, and the battery can be made during the construction of the house itself. It saves any additional cost and labor, which is estimated to further boost the market growth.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
17.4% |
Base Year Market Size (2024) |
USD 392.47 million |
Forecast Year Market Size (2037) |
USD 3.15 billion |
Regional Scope |
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The market is segmented by application into lighting, charging, and others, out of which, the lighting segment is anticipated to hold the largest share in the energy storing bricks market over the forecast period as this technology is already present, and can be feasibly utilized to light emergency lights. However, scientists expect that bricks will be able to store enough energy to charge electronic appliance, such as, phones, in the near future.
Our in-depth analysis of the global market includes the following segments:
By Energy Source |
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By Application |
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five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific industry is set to dominate majority revenue share by 2037, led by growing technological development in the countries, such as, Singapore, Japan, South Korea, and China. Moreover, higher adoption of solar energy in this region is estimated to boost the market growth. The market in the North America region is anticipated to gain the largest energy storing bricks market share throughout the forecast period owing to the higher adoption of novel technology in the region, growing public awareness regarding the use of renewable energy, and high investment in research activities.
The energy storing bricks technology is still in a conceptual stage, and the practical implementation is awaited. Major key players of the renewable energy market, such as, Energy Vault, Inc. are estimated to invest in this technology and boost its functional adoption in the upcoming years.
January, 2019: Energy Vault Inc., the global renewable storage firm, to deploy a 35 MWh Energy Vault system for the Tata Power Company. Energy Vault is estimated to invest in the energy storing bricks technology. The company currently uses an innovative technology using gravity, to generate and store energy.
Author Credits: Dhruv Bhatia
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