List of Contents

Thermal Energy Storage Market Size, Share, and Trends 2024 to 2034

The global thermal energy storage market size was USD 5.91 billion in 2023, calculated at USD 6.47 billion in 2024 and is projected to surpass around USD 16.05 billion by 2034, expanding at a CAGR of 9.5% from 2024 to 2034.

  • Last Updated : September 2024
  • Report Code : 2243
  • Category : Energy and Power

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Thermal Energy Storage Market 

5.1. COVID-19 Landscape: Thermal Energy Storage Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Thermal Energy Storage Market, By Technology

8.1. Thermal Energy Storage Market, by Technology, 2024-2034

8.1.1. Latent

8.1.1.1. Market Revenue and Forecast (2021-2034)

8.1.2. Thermochemical

8.1.2.1. Market Revenue and Forecast (2021-2034)

8.1.3. Sensible

8.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 9. Global Thermal Energy Storage Market, By Storage Material

9.1. Thermal Energy Storage Market, by Storage Material, 2024-2034

9.1.1. Molten salts

9.1.1.1. Market Revenue and Forecast (2021-2034)

9.1.2. Water

9.1.2.1. Market Revenue and Forecast (2021-2034)

9.1.3. Phase change materials

9.1.3.1. Market Revenue and Forecast (2021-2034)

9.1.4. Others

9.1.4.1. Market Revenue and Forecast (2021-2034)

Chapter 10. Global Thermal Energy Storage Market, By Application 

10.1. Thermal Energy Storage Market, by Application, 2024-2034

10.1.1. Process Heating and Cooling

10.1.1.1. Market Revenue and Forecast (2021-2034)

10.1.2. Power Generation

10.1.2.1. Market Revenue and Forecast (2021-2034)

10.1.3. District Heating and Cooling

10.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 11. Global Thermal Energy Storage Market, By End-User 

11.1. Thermal Energy Storage Market, by End-User, 2024-2034

11.1.1. Utilities

11.1.1.1. Market Revenue and Forecast (2021-2034)

11.1.2. Residential & Commercial

11.1.2.1. Market Revenue and Forecast (2021-2034)

11.1.3. Industrial

11.1.3.1. Market Revenue and Forecast (2021-2034)

Chapter 12. Global Thermal Energy Storage Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Technology (2021-2034)

12.1.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.1.3. Market Revenue and Forecast, by Application (2021-2034)

12.1.4. Market Revenue and Forecast, by End-User (2021-2034)

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Technology (2021-2034)

12.1.5.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.1.5.3. Market Revenue and Forecast, by Application (2021-2034)

12.1.5.4. Market Revenue and Forecast, by End-User (2021-2034)

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Technology (2021-2034)

12.1.6.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.1.6.3. Market Revenue and Forecast, by Application (2021-2034)

12.1.6.4. Market Revenue and Forecast, by End-User (2021-2034)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Technology (2021-2034)

12.2.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.2.3. Market Revenue and Forecast, by Application (2021-2034)

12.2.4. Market Revenue and Forecast, by End-User (2021-2034)

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Technology (2021-2034)

12.2.5.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.2.5.3. Market Revenue and Forecast, by Application (2021-2034)

12.2.5.4. Market Revenue and Forecast, by End-User (2021-2034)

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Technology (2021-2034)

12.2.6.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.2.6.3. Market Revenue and Forecast, by Application (2021-2034)

12.2.6.4. Market Revenue and Forecast, by End-User (2021-2034)

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Technology (2021-2034)

12.2.7.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.2.7.3. Market Revenue and Forecast, by Application (2021-2034)

12.2.7.4. Market Revenue and Forecast, by End-User (2021-2034)

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Technology (2021-2034)

12.2.8.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.2.8.3. Market Revenue and Forecast, by Application (2021-2034)

12.2.8.4. Market Revenue and Forecast, by End-User (2021-2034)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Technology (2021-2034)

12.3.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.3.3. Market Revenue and Forecast, by Application (2021-2034)

12.3.4. Market Revenue and Forecast, by End-User (2021-2034)

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Technology (2021-2034)

12.3.5.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.3.5.3. Market Revenue and Forecast, by Application (2021-2034)

12.3.5.4. Market Revenue and Forecast, by End-User (2021-2034)

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Technology (2021-2034)

12.3.6.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.3.6.3. Market Revenue and Forecast, by Application (2021-2034)

12.3.6.4. Market Revenue and Forecast, by End-User (2021-2034)

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Technology (2021-2034)

12.3.7.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.3.7.3. Market Revenue and Forecast, by Application (2021-2034)

12.3.7.4. Market Revenue and Forecast, by End-User (2021-2034)

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Technology (2021-2034)

12.3.8.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.3.8.3. Market Revenue and Forecast, by Application (2021-2034)

12.3.8.4. Market Revenue and Forecast, by End-User (2021-2034)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Technology (2021-2034)

12.4.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.4.3. Market Revenue and Forecast, by Application (2021-2034)

12.4.4. Market Revenue and Forecast, by End-User (2021-2034)

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Technology (2021-2034)

12.4.5.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.4.5.3. Market Revenue and Forecast, by Application (2021-2034)

12.4.5.4. Market Revenue and Forecast, by End-User (2021-2034)

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Technology (2021-2034)

12.4.6.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.4.6.3. Market Revenue and Forecast, by Application (2021-2034)

12.4.6.4. Market Revenue and Forecast, by End-User (2021-2034)

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Technology (2021-2034)

12.4.7.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.4.7.3. Market Revenue and Forecast, by Application (2021-2034)

12.4.7.4. Market Revenue and Forecast, by End-User (2021-2034)

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Technology (2021-2034)

12.4.8.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.4.8.3. Market Revenue and Forecast, by Application (2021-2034)

12.4.8.4. Market Revenue and Forecast, by End-User (2021-2034)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Technology (2021-2034)

12.5.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.5.3. Market Revenue and Forecast, by Application (2021-2034)

12.5.4. Market Revenue and Forecast, by End-User (2021-2034)

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Technology (2021-2034)

12.5.5.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.5.5.3. Market Revenue and Forecast, by Application (2021-2034)

12.5.5.4. Market Revenue and Forecast, by End-User (2021-2034)

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Technology (2021-2034)

12.5.6.2. Market Revenue and Forecast, by Storage Material (2021-2034)

12.5.6.3. Market Revenue and Forecast, by Application (2021-2034)

12.5.6.4. Market Revenue and Forecast, by End-User (2021-2034)

Chapter 13. Company Profiles

13.1. BrightSource Energy Inc.

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. SolarReserve LLC

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Caldwell Energy

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Cryogel

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Steffes Corporation

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. Abengoa SA

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Terrafore Technologies LLC

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Ice Energy

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. Baltimore Aircoil Company

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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