Energy Storing Bricks Market Size

Energy Storing Bricks Market size was valued at USD 334.3 million in 2023 and is set to cross USD 2.69 billion by 2036, registering more than 17.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of energy storing bricks is evaluated at USD 380.83 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.