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Thermal Energy Storage Global Market Report 2025

Published Aug 21, 2025
Length 250 Pages
SKU # BRC20324277

Description

Thermal Energy Storage Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on thermal energy storage market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
  • Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, post-pandemic supply chain realignment, inflation and interest rate fluctuations, and evolving regulatory landscapes.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.
Description:

Where is the largest and fastest growing market for thermal energy storage ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The thermal energy storage market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope

Markets Covered:1) By Product Type: Sensible Heat Storage; Latent Heat Storage; Thermochemical Heat Storage

2) By Technology: Molten Salt Technology; Electric Thermal Storage Heaters; Solar Energy Storage; Ice-Based Technology; Miscibility Gap Alloy Technology

3) By Storage Material: Water; Molten Salt; Phase Change Material (PCM); Other Storage Materials

4) By Application: Power Generation; Heating; Cooling

5) By End User: Utilities; Commercial; Industrial

Subsegments:

1) By Sensible Heat Storage: Water-Based Storage; Molten Salt Storage; Solid Media Storage

2) By Latent Heat Storage: Phase Change Materials (PCMs); Ice Storage; Molten Salt Phase Change

3) By Thermochemical Heat Storage: Sorption Heat Storage; Chemical Reaction Heat Storage; Reversible Thermochemical Material

Companies Mentioned: Siemens Energy AG; Danfoss; Burns & McDonnell; Alfa Laval AB; MAN Energy Solutions SE; Dunham-Bush Limited; EVAPCO Inc.; Baltimore Aircoil Company Inc.; BrightSource Energy Inc.; DN Tanks; Thermofin; Steffes; TEXEL Energy AB; Cox Energy Solar S.A.; Malta Inc.; Cryogel; Deepchill Solutions Inc.; Terrafore Technologies LLC; Caldwell Energy Company; Brenmiller Energy Ltd.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order.

Table of Contents

250 Pages
1. Executive Summary
2. Thermal Energy Storage Market Characteristics
3. Thermal Energy Storage Market Trends And Strategies
4. Thermal Energy Storage Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market
4.1. Supply Chain Impact from Tariff War & Trade Protectionism
5. Global Thermal Energy Storage Growth Analysis And Strategic Analysis Framework
5.1. Global Thermal Energy Storage PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Thermal Energy Storage Market Growth Rate Analysis
5.4. Global Thermal Energy Storage Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Thermal Energy Storage Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Thermal Energy Storage Total Addressable Market (TAM)
6. Thermal Energy Storage Market Segmentation
6.1. Global Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Sensible Heat Storage
Latent Heat Storage
Thermochemical Heat Storage
6.2. Global Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Molten Salt Technology
Electric Thermal Storage Heaters
Solar Energy Storage
Ice-Based Technology
Miscibility Gap Alloy Technology
6.3. Global Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Water
Molten Salt
Phase Change Material (PCM)
Other Storage Materials
6.4. Global Thermal Energy Storage Market, Segmentation By Application, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Power Generation
Heating
Cooling
6.5. Global Thermal Energy Storage Market, Segmentation By End User, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Utilities
Commercial
Industrial
6.6. Global Thermal Energy Storage Market, Sub-Segmentation Of Sensible Heat Storage, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Water-Based Storage
Molten Salt Storage
Solid Media Storage
6.7. Global Thermal Energy Storage Market, Sub-Segmentation Of Latent Heat Storage, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Phase Change Materials (PCMs)
Ice Storage
Molten Salt Phase Change
6.8. Global Thermal Energy Storage Market, Sub-Segmentation Of Thermochemical Heat Storage, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Sorption Heat Storage
Chemical Reaction Heat Storage
Reversible Thermochemical Materials
7. Thermal Energy Storage Market Regional And Country Analysis
7.1. Global Thermal Energy Storage Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Thermal Energy Storage Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8. Asia-Pacific Thermal Energy Storage Market
8.1. Asia-Pacific Thermal Energy Storage Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
9. China Thermal Energy Storage Market
9.1. China Thermal Energy Storage Market Overview
9.2. China Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
10. India Thermal Energy Storage Market
10.1. India Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11. Japan Thermal Energy Storage Market
11.1. Japan Thermal Energy Storage Market Overview
11.2. Japan Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12. Australia Thermal Energy Storage Market
12.1. Australia Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13. Indonesia Thermal Energy Storage Market
13.1. Indonesia Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14. South Korea Thermal Energy Storage Market
14.1. South Korea Thermal Energy Storage Market Overview
14.2. South Korea Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15. Western Europe Thermal Energy Storage Market
15.1. Western Europe Thermal Energy Storage Market Overview
15.2. Western Europe Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16. UK Thermal Energy Storage Market
16.1. UK Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17. Germany Thermal Energy Storage Market
17.1. Germany Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18. France Thermal Energy Storage Market
18.1. France Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19. Italy Thermal Energy Storage Market
19.1. Italy Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20. Spain Thermal Energy Storage Market
20.1. Spain Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21. Eastern Europe Thermal Energy Storage Market
21.1. Eastern Europe Thermal Energy Storage Market Overview
21.2. Eastern Europe Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22. Russia Thermal Energy Storage Market
22.1. Russia Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23. North America Thermal Energy Storage Market
23.1. North America Thermal Energy Storage Market Overview
23.2. North America Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24. USA Thermal Energy Storage Market
24.1. USA Thermal Energy Storage Market Overview
24.2. USA Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25. Canada Thermal Energy Storage Market
25.1. Canada Thermal Energy Storage Market Overview
25.2. Canada Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26. South America Thermal Energy Storage Market
26.1. South America Thermal Energy Storage Market Overview
26.2. South America Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27. Brazil Thermal Energy Storage Market
27.1. Brazil Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28. Middle East Thermal Energy Storage Market
28.1. Middle East Thermal Energy Storage Market Overview
28.2. Middle East Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29. Africa Thermal Energy Storage Market
29.1. Africa Thermal Energy Storage Market Overview
29.2. Africa Thermal Energy Storage Market, Segmentation By Product Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Thermal Energy Storage Market, Segmentation By Technology, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Thermal Energy Storage Market, Segmentation By Storage Material, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
30. Thermal Energy Storage Market Competitive Landscape And Company Profiles
30.1. Thermal Energy Storage Market Competitive Landscape
30.2. Thermal Energy Storage Market Company Profiles
30.2.1. Siemens Energy AG Overview, Products and Services, Strategy and Financial Analysis
30.2.2. Danfoss Overview, Products and Services, Strategy and Financial Analysis
30.2.3. Burns & McDonnell Overview, Products and Services, Strategy and Financial Analysis
30.2.4. Alfa Laval AB Overview, Products and Services, Strategy and Financial Analysis
30.2.5. MAN Energy Solutions SE Overview, Products and Services, Strategy and Financial Analysis
31. Thermal Energy Storage Market Other Major And Innovative Companies
31.1. Dunham-Bush Limited
31.2. EVAPCO Inc.
31.3. Baltimore Aircoil Company Inc.
31.4. BrightSource Energy Inc.
31.5. DN Tanks
31.6. Thermofin
31.7. Steffes
31.8. TEXEL Energy AB
31.9. Cox Energy Solar S.A.
31.10. Malta Inc.
31.11. Cryogel
31.12. Deepchill Solutions Inc.
31.13. Terrafore Technologies LLC
31.14. Caldwell Energy Company
31.15. Brenmiller Energy Ltd.
32. Global Thermal Energy Storage Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Thermal Energy Storage Market
34. Recent Developments In The Thermal Energy Storage Market
35. Thermal Energy Storage Market High Potential Countries, Segments and Strategies
35.1 Thermal Energy Storage Market In 2029 - Countries Offering Most New Opportunities
35.2 Thermal Energy Storage Market In 2029 - Segments Offering Most New Opportunities
35.3 Thermal Energy Storage Market In 2029 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer
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