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熱能儲存市場規模、佔有率、成長及全球產業分析:依技術、材料、應用、終端用戶和地區劃分的洞察與預測(2026-2034 年)

Thermal Energy Storage Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2026-2034

出版日期: | 出版商: Fortune Business Insights Pvt. Ltd. | 英文 217 Pages | 商品交期: 請詢問到貨日

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熱能儲存 (TES) 市場成長驅動因素

2025 年全球熱能儲存 (TES) 市場規模為 25.1 億美元。預計該市場將從 2026 年的 26.1 億美元增長到 2034 年的 36.3 億美元,在預測期(2026-2034 年)內複合年增長率 (CAGR) 為 4.2%。

2025 年,歐洲以 36.29% 的市佔率領先,創造了 9.1 億美元的市場規模。北美緊隨其後,預計 2026 年市場規模將達到 5.7 億美元,亞太地區預計將佔 4.5 億美元。 2026年

市場概覽

熱能儲存(TES)系統在供需過剩時儲存多餘的熱能或冷能,並在用電高峰期釋放。熱能消耗佔全球最終能源消耗的近一半,並造成約40%的二氧化碳排放,因此熱管理在全球能源轉型中至關重要。

TES在發電、區域供熱冷凍系統以及商業和工業建築等領域有著廣泛的應用。與將電能轉化為熱能再轉化回電能的電池系統不同,TES直接儲存熱能,從而提高效率並減少能量損失。

主要市場參與者包括 Evapco、Calmac、Dunham-Bush、ABENGOA 和 Baltimore Aircoil Company。

市場動態

市場驅動因素

都市化與基礎建設擴張

隨著商業建築、購物中心、醫院和資料中心的不斷建設,快速的城市化進程推動了對供暖和製冷系統需求的成長。儲能系統(TES)透過在用電低谷時段(電價較低)儲存能量,並在用電高峰時段釋放能量,從而降低電網負載並減少基礎設施擴建成本。

2025 年 3 月,隨著大型住宅開發案中大規模地熱能交換系統的實施,儲能系統在城市專案中的應用得到了顯著體現。

再生能源併網規模擴大

太陽能和風能發電的擴張也是推動市場成長的主要因素。由於再生能源發電具有間歇性,熱能儲存系統(TES)將多餘的能量以熱能或冷能的形式儲存起來,並在需要時釋放。 2024年11月,中國建成了一座100兆瓦的太陽能熱熔鹽儲能電站,顯示全球對再生能源整合熱能儲存系統的投資正在擴大。

市場限制因子

高昂的初始資本成本

熱能儲存系統,包括熔鹽儲存槽、冷水系統和地下鑽孔,都需要大量的初始投資。大型熔鹽系統的成本可能高達3,000萬至5,000萬美元,而商用冰蓄冷系統的成本也可能高達數十萬美元。這些高昂的資本要求限制了其在發展中地區的部署。

市場機會

技術創新與模組化

相變材料 (PCM) 和熱化學儲熱介質等先進材料可實現更高的能量密度、更緊湊的設計以及更優異的充放電循環性能。模組化、貨櫃式儲熱系統可縮短安裝時間和降低成本,從而促進其在商業和工業應用中的普及。 2024 年針對創新超高溫儲熱技術的融資進一步增強了市場前景。

市場挑戰

認知度低和缺乏標準化

設施管理人員和規劃人員對儲熱優勢的認知度較低,限制了其應用。此外,效能標準和安全認證的不一致也為大規模部署帶來了不確定性。

市場趨勢

日益關注工業應用

化工、水泥、食品加工和製藥等行業需要大量的製程熱。熱能儲存 (TES) 有助於降低能源成本、提高效率、整合再生熱能並實現脫碳目標。工業應用正成為 TES 市場的主要成長領域。

細分市場分析

依技術劃分

  • 顯熱:預計到 2026 年將佔最大的市場佔有率,達到 42.66%,廣泛應用於區域供熱和聚光太陽能發電廠。
  • 潛熱:成長最快的細分市場,複合年增長率 (CAGR) 為 5.21%,主要由相變材料的緊湊型儲能技術驅動。
  • 熱化學:一種具有高能量密度潛力的新興技術。

依材料分類

  • 熔鹽:預計到 2026 年將佔 40% 的市場佔有率,在熱穩定性高和大規模應用方面展現出優勢。
  • 相變材料 (PCM):成長最快的細分市場,複合年增長率 (CAGR) 為 5.63%,適用於空間受限的系統。
  • 水和其他材料也做出了重要貢獻。

依應用分類

  • 發電:預計到 2026 年將佔領先地位,市場佔有率為 46.46%,支持再生能源的併網和電網穩定。
  • 區域供熱和製冷:由於永續城市基礎設施的進步,預計複合年增長率將達到 4.89%。
  • 製程加熱和冷卻:在工業領域廣泛應用。

依最終使用者劃分

  • 工業領域:預計到 2024 年將佔領先地位,市佔率達 51.53%,主要受製程熱需求和脫碳趨勢的推動。
  • 住宅領域:預計年複合成長率將達到 4.86%,主要得益於永續發展意識的提升。

區域展望

歐洲

歐洲將在 2025 年引領市場,市場規模將達到 9.1 億美元,市佔率為 36.29%。歐洲綠色協議和再生能源整合倡議等政策正在推動儲能技術的發展。預計德國到 2026 年將達到 1.9 億美元,英國到 2026 年將達到 1.1 億美元。

北美

在政策誘因和再生能源擴張的推動下,北美市場預計到 2026 年將達到 5.7 億美元。光是美國市場預計到 2026 年就將達到 5 億美元。

亞太地區

預計亞太市場到 2026 年將達到 4.5 億美元。其中,中國為 3.2 億美元,日本為 6,000 萬美元,印度為 4,000 萬美元。

中東和非洲

預計到 2026 年,該地區市場規模將達到 3.7 億美元,而這一增長預計將由聚光太陽能發電 (CSP) 項目推動。

拉丁美洲

預計巴西、智利和阿根廷再生能源的擴張將推動市場成長。

目錄

第一章:引言

第二章:摘要整理

第三章:市場動態

  • 市場驅動因素
  • 市場限制因素
  • 市場機遇

第四章:主要發現

  • 主要國家的主要新興趨勢
  • 近期技術發展進展
  • 監理環境洞察
  • 波特五力分析
  • 關稅對熱能儲存市場的影響

第五章 全球熱能儲存市場分析、洞察與預測(2021-2034)

  • 主要發現
  • 市場分析、洞察與預測:依技術分類
    • 顯熱
    • 潛熱
    • 熱化學
  • 市場分析、洞察與預測:依材料分類
    • 熔鹽
    • 相變材料 (PCM)
    • 其他
  • 市場分析、洞察與預測:依應用分類
    • 區域供熱冷凍系統
    • 製程加熱和冷卻
    • 電力發電量
  • 市場分析、洞察與預測:依最終用戶劃分
    • 住宅
    • 商業
    • 工業
  • 市場分析、洞察與預測:依地區劃分
    • 北美
    • 歐洲
    • 亞太地區
    • 拉丁美洲
    • 中東和非洲

第六章:北美熱能儲存市場分析、洞察與預測(2021-2034)

  • 依國家劃分
    • 美國
    • 加拿大

第七章:歐洲熱能儲存市場分析、洞察與預測(2021-2034)

  • 依國家/地區
    • 波蘭
    • 德國
    • 英國
    • 法國
    • 丹麥
    • 芬蘭
    • 捷克共和國
    • 其他歐洲國家

第八章:亞太地區熱能儲存市場分析、洞察與預測(2021-2034)

  • 依國家劃分
    • 中國
    • 印度
    • 日本
    • 韓國
    • 其他亞太地區國家

第九章:拉丁美洲熱能儲存市場分析、洞察與預測(2021-2034)

  • 依國家劃分
    • 巴西
    • 墨西哥
    • 阿根廷
    • 其他拉丁美洲國家美國

第十章 中東與非洲熱能儲存市場分析、洞察與預測(2021-2034)

  • 依國家劃分
    • 海灣合作委員會國家
    • 埃及
    • 其他中東和非洲國家

第十一章 競爭分析

  • 公司市佔率分析(2025)
  • 公司簡介
    • ABENGOA
    • Man Energy Solutions
    • Analog Devices
    • Caldwell Energy
    • Evapco
    • Calmac
    • Dunham Bush
    • Baltimore Aircoil Company
    • Burns and McDonnell
    • Cristopia Energy
    • Lime微行程
    • FAFCO
    • MCDermott
    • Vogtice
    • Steffes Corporation
Product Code: FBI100748

Growth Factors of Thermal Energy Storage (TES) Market

The global Thermal Energy Storage (TES) Market was valued at USD 2.51 billion in 2025. The market is projected to grow from USD 2.61 billion in 2026 to USD 3.63 billion by 2034, registering a CAGR of 4.2% during the forecast period (2026-2034).

In 2025, Europe dominated the market with a 36.29% share, generating USD 0.91 billion. North America followed, reaching USD 0.57 billion in 2026, while Asia Pacific accounted for USD 0.45 billion in 2026.

Market Overview

Thermal Energy Storage (TES) systems store excess heat or cold energy when supply exceeds demand and release it during peak consumption periods. Heat accounts for nearly half of global final energy consumption and contributes about 40% of total CO2 emissions, making thermal management critical in the global energy transition.

TES is widely applied in power generation, district heating and cooling systems, and commercial and industrial buildings. Unlike battery systems that convert electricity to heat and back, TES directly stores thermal energy, improving efficiency and reducing energy losses.

Key market players include Evapco, Calmac, Dunham-Bush, ABENGOA, and Baltimore Aircoil Company.

Market Dynamics

Market Drivers

Increasing Urbanization and Infrastructure Growth

Rapid urbanization has led to increased development of commercial buildings, malls, hospitals, and data centers, driving demand for heating and cooling systems. TES allows energy storage during off-peak hours when electricity costs are lower and releases it during peak periods, reducing grid stress and infrastructure expansion costs.

In March 2025, a major residential development implemented a large-scale geoexchange system to harness underground thermal energy, highlighting the growing adoption of TES in urban projects.

Rising Renewable Energy Integration

The expansion of solar and wind power is another major growth driver. Since renewable energy generation is intermittent, TES helps store surplus energy as heat or cold and release it when required. In November 2024, a 100 MW thermal solar and molten salt storage plant in China was completed, reflecting increasing global investment in renewable-integrated TES systems.

Market Restraints

High Initial Capital Costs

TES systems such as molten salt tanks, chilled water systems, and underground boreholes require significant upfront investment. Large-scale molten salt systems may cost USD 30-50 million, while commercial ice storage systems can cost hundreds of thousands of dollars. These high capital requirements limit adoption in developing regions.

Market Opportunities

Technological Innovation and Modularization

Advanced materials such as Phase Change Materials (PCMs) and thermochemical storage media allow higher energy density, compact design, and improved charge-discharge cycles. Modular, containerized TES systems reduce installation time and cost, making them attractive for commercial and industrial applications. In 2024, funding rounds supported innovative ultra-high temperature TES technologies, further strengthening market prospects.

Market Challenges

Low Awareness and Lack of Standardization

Limited awareness among facility managers and planners about TES benefits restricts adoption. Additionally, inconsistent performance standards and safety certifications create uncertainty in large-scale deployments.

Market Trends

Increased Focus on Industrial Applications

Industries such as chemicals, cement, food processing, and pharmaceuticals require large volumes of process heat. TES helps reduce energy costs, improve efficiency, integrate renewable heat, and support decarbonization goals. Industrial applications are becoming a key growth pillar of the TES market.

Segmentation Analysis

By Technology

  • Sensible Heat: Holds the largest share at 42.66% in 2026, widely used in district heating and concentrating solar power plants.
  • Latent Heat: Fastest-growing segment with a CAGR of 5.21%, utilizing phase change materials for compact storage.
  • Thermochemical: Emerging technology with high energy density potential.

By Material

  • Molten Salt: Dominates with 40% market share in 2026, favored for high thermal stability and large-scale applications.
  • Phase Change Materials (PCM): Fastest-growing segment with 5.63% CAGR, suitable for space-constrained systems.
  • Water and other materials also contribute significantly.

By Application

  • Power Generation: Leads with 46.46% share in 2026, supporting renewable integration and grid stability.
  • District Heating & Cooling: Expected CAGR of 4.89%, driven by sustainable urban infrastructure.
  • Process Heating & Cooling: Significant industrial adoption.

By End-User

  • Industrial Segment: Dominated with 51.53% share in 2024, driven by process heat requirements and decarbonization.
  • Residential Segment: Expected to grow at 4.86% CAGR, supported by sustainability awareness.

Regional Outlook

Europe

Europe led with USD 0.91 billion in 2025, holding 36.29% share. Policies such as the European Green Deal and renewable integration initiatives are driving TES expansion. Germany was valued at USD 0.19 billion in 2026, while the U.K. reached USD 0.11 billion in 2026.

North America

Valued at USD 0.57 billion in 2026, supported by policy incentives and renewable expansion. The U.S. market alone reached USD 0.5 billion in 2026.

Asia Pacific

Generated USD 0.45 billion in 2026, with China at USD 0.32 billion, Japan at USD 0.06 billion, and India at USD 0.04 billion.

Middle East & Africa

Valued at USD 0.37 billion in 2026, driven by CSP projects.

Latin America

Growing due to renewable expansion in Brazil, Chile, and Argentina.

Conclusion

The global Thermal Energy Storage Market is projected to grow from USD 2.51 billion in 2025 to USD 2.61 billion in 2026, reaching USD 3.63 billion by 2034 at a CAGR of 4.2%. Growth is driven by renewable integration, industrial decarbonization, urbanization, and grid stability needs. Despite high initial investment and awareness challenges, technological innovation and supportive policies position TES as a critical component of the global energy transition through 2034.

Segmentation By Technology

  • Sensible Heat
  • Latent Heat
  • Thermochemical

By Material

  • Water
  • Molten Salt
  • Phase Change Materials (PCM)
  • Others

By Application

  • District Heating and Cooling Systems
  • Process Heating and Cooling
  • Power Generation

By End-User

  • Residential
  • Commercial
  • Industrial

By Region

  • North America (By Technology, By Material, By Application, By End-User, and By Country)
    • U.S. (By End-User)
    • Canada (By End-User)
  • Europe (By Technology, By Material, By Application, By End-User, and By Country)
    • Poland (By End-User)
    • Germany (By End-User)
    • U.K. (By End-User)
    • France (By End-User)
    • Denmark (By End-User)
    • Finland (By End-User)
    • Czech Republic (By End-User)
    • Rest of Europe (By End-User)
  • Asia Pacific (By Technology, By Material, By Application, By End-User, and By Country)
    • China (By End-User)
    • India (By End-User)
    • Japan (By End-User)
    • South Korea (By End-User)
    • Rest of Asia Pacific (By End-User)
  • Latin America (By Technology, By Material, By Application, By End-User, and By Country)
    • Brazil (By End-User)
    • Mexico (By End-User)
    • Argentina (By End-User)
    • Rest of Latin America (By End-User)
  • Middle East and Africa (By Technology, By Material, By Application, By End-User, and By Country)
    • GCC (By End-User)
    • Egypt (By End-User)
    • Rest of Middle East and Africa (By End-User)

Table of Content

1. Introduction

  • 1.1. Research Scope
  • 1.2. Market Segmentation
  • 1.3. Research Methodology
  • 1.4. Definitions & Assumptions

2. Executive Summary

3. Market Dynamics

  • 3.1. Market Drivers
  • 3.2. Market Restraints
  • 3.3. Market Opportunities

4. Key Insights

  • 4.1. Key Emerging Trends - For Major Countries
  • 4.2. Latest Technological Advancements
  • 4.3. Insight on Regulatory Landscape
  • 4.4. Porters Five Forces Analysis
  • 4.5. Impact of Tariffs on the Thermal Energy Storage Market

5. Global Thermal Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

  • 5.1. Key Findings
  • 5.2. Market Analysis, Insights, and Forecast - By Technology
    • 5.2.1. Sensible Heat
    • 5.2.2. Latent Heat
    • 5.2.3. Thermochemical
  • 5.3. Market Analysis, Insights, and Forecast - By Material
    • 5.3.1. Water
    • 5.3.2. Molten Salt
    • 5.3.3. Phase Change Materials (PCM)
    • 5.3.4. Others
  • 5.4. Market Analysis, Insights, and Forecast - By Application
    • 5.4.1. District Heating and Cooling Systems
    • 5.4.2. Process Heating and Cooling
    • 5.4.3. Power Generation
  • 5.5. Market Analysis, Insights, and Forecast - By End-User
    • 5.5.1. Residential
    • 5.5.2. Commercial
    • 5.5.3. Industrial
  • 5.6. Market Analysis, Insights, and Forecast - By Region
    • 5.6.1. North America
    • 5.6.2. Europe
    • 5.6.3. Asia Pacific
    • 5.6.4. Latin America
    • 5.6.5. Middle East and Africa

6. North America Thermal Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

  • 6.1. Key Findings
  • 6.2. Market Analysis, Insights, and Forecast - By Technology
    • 6.2.1. Sensible Heat
    • 6.2.2. Latent Heat
    • 6.2.3. Thermochemical
  • 6.3. Market Analysis, Insights, and Forecast - By Material
    • 6.3.1. Water
    • 6.3.2. Molten Salt
    • 6.3.3. Phase Change Materials (PCM)
    • 6.3.4. Others
  • 6.4. Market Analysis, Insights, and Forecast - By Application
    • 6.4.1. District Heating and Cooling Systems
    • 6.4.2. Process Heating and Cooling
    • 6.4.3. Power Generation
  • 6.5. Market Analysis, Insights, and Forecast - By End-User
    • 6.5.1. Residential
    • 6.5.2. Commercial
    • 6.5.3. Industrial
  • 6.6. Market Analysis, Insights, and Forecast - By Country
    • 6.6.1. U.S. Market Analysis, Insights, and Forecast - By End-User
      • 6.6.1.1. Residential
      • 6.6.1.2. Commercial
      • 6.6.1.3. Industrial
    • 6.6.2. Canada Market Analysis, Insights, and Forecast - By End-User
      • 6.6.2.1. Residential
      • 6.6.2.2. Commercial
      • 6.6.2.3. Industrial

7. Europe Thermal Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

  • 7.1. Key Findings
  • 7.2. Market Analysis, Insights, and Forecast - By Technology
    • 7.2.1. Sensible Heat
    • 7.2.2. Latent Heat
    • 7.2.3. Thermochemical
  • 7.3. Market Analysis, Insights, and Forecast - By Material
    • 7.3.1. Water
    • 7.3.2. Molten Salt
    • 7.3.3. Phase Change Materials (PCM)
    • 7.3.4. Others
  • 7.4. Market Analysis, Insights, and Forecast - By Application
    • 7.4.1. District Heating and Cooling Systems
    • 7.4.2. Process Heating and Cooling
    • 7.4.3. Power Generation
  • 7.5. Market Analysis, Insights, and Forecast - By End-User
    • 7.5.1. Residential
    • 7.5.2. Commercial
    • 7.5.3. Industrial
  • 7.6. Market Analysis, Insights, and Forecast - By Country
    • 7.6.1. Poland Market Analysis, Insights, and Forecast - By End-User
      • 7.6.1.1. Residential
      • 7.6.1.2. Commercial
      • 7.6.1.3. Industrial
    • 7.6.2. Germany Market Analysis, Insights, and Forecast - By End-User
      • 7.6.2.1. Residential
      • 7.6.2.2. Commercial
      • 7.6.2.3. Industrial
    • 7.6.3. United Kingdom Market Analysis, Insights, and Forecast - By End-User
      • 7.6.3.1. Residential
      • 7.6.3.2. Commercial
      • 7.6.3.3. Industrial
    • 7.6.4. France Market Analysis, Insights, and Forecast - By End-User
      • 7.6.4.1. Residential
      • 7.6.4.2. Commercial
      • 7.6.4.3. Industrial
    • 7.6.5. Denmark Market Analysis, Insights, and Forecast - By End-User
      • 7.6.5.1. Residential
      • 7.6.5.2. Commercial
      • 7.6.5.3. Industrial
    • 7.6.6. Finland Market Analysis, Insights, and Forecast - By End-User
      • 7.6.6.1. Residential
      • 7.6.6.2. Commercial
      • 7.6.6.3. Industrial
    • 7.6.7. Czech Republic Market Analysis, Insights, and Forecast - By End-User
      • 7.6.7.1. Residential
      • 7.6.7.2. Commercial
      • 7.6.7.3. Industrial
    • 7.6.8. Rest of Europe Market Analysis, Insights, and Forecast - By End-User
      • 7.6.8.1. Residential
      • 7.6.8.2. Commercial
      • 7.6.8.3. Industrial

8. Asia Pacific Thermal Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

  • 8.1. Key Findings
  • 8.2. Market Analysis, Insights, and Forecast - By Technology
    • 8.2.1. Sensible Heat
    • 8.2.2. Latent Heat
    • 8.2.3. Thermochemical
  • 8.3. Market Analysis, Insights, and Forecast - By Material
    • 8.3.1. Water
    • 8.3.2. Molten Salt
    • 8.3.3. Phase Change Materials (PCM)
    • 8.3.4. Others
  • 8.4. Market Analysis, Insights, and Forecast - By Application
    • 8.4.1. District Heating and Cooling Systems
    • 8.4.2. Process Heating and Cooling
    • 8.4.3. Power Generation
  • 8.5. Market Analysis, Insights, and Forecast - By End-User
    • 8.5.1. Residential
    • 8.5.2. Commercial
    • 8.5.3. Industrial
  • 8.6. Market Analysis, Insights, and Forecast - By Country
    • 8.6.1. China Market Analysis, Insights, and Forecast - By End-User
      • 8.6.1.1. Residential
      • 8.6.1.2. Commercial
      • 8.6.1.3. Industrial
    • 8.6.2. India Market Analysis, Insights, and Forecast - By End-User
      • 8.6.2.1. Residential
      • 8.6.2.2. Commercial
      • 8.6.2.3. Industrial
    • 8.6.3. Japan Market Analysis, Insights, and Forecast - By End-User
      • 8.6.3.1. Residential
      • 8.6.3.2. Commercial
      • 8.6.3.3. Industrial
    • 8.6.4. South Korea Market Analysis, Insights, and Forecast - By End-User
      • 8.6.4.1. Residential
      • 8.6.4.2. Commercial
      • 8.6.4.3. Industrial
    • 8.6.5. Rest of Asia-Pacific Market Analysis, Insights, and Forecast - By End-User
      • 8.6.5.1. Residential
      • 8.6.5.2. Commercial
      • 8.6.5.3. Industrial

9. Latin America Thermal Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

  • 9.1. Key Findings
  • 9.2. Market Analysis, Insights, and Forecast - By Technology
    • 9.2.1. Sensible Heat
    • 9.2.2. Latent Heat
    • 9.2.3. Thermochemical
  • 9.3. Market Analysis, Insights, and Forecast - By Material
    • 9.3.1. Water
    • 9.3.2. Molten Salt
    • 9.3.3. Phase Change Materials (PCM)
    • 9.3.4. Others
  • 9.4. Market Analysis, Insights, and Forecast - By Application
    • 9.4.1. District Heating and Cooling Systems
    • 9.4.2. Process Heating and Cooling
    • 9.4.3. Power Generation
  • 9.5. Market Analysis, Insights, and Forecast - By End-User
    • 9.5.1. Residential
    • 9.5.2. Commercial
    • 9.5.3. Industrial
  • 9.6. Market Analysis, Insights, and Forecast - By Country
    • 9.6.1. Brazil Market Analysis, Insights, and Forecast - By End-User
      • 9.6.1.1. Residential
      • 9.6.1.2. Commercial
      • 9.6.1.3. Industrial
    • 9.6.2. Mexico Market Analysis, Insights, and Forecast - By End-User
      • 9.6.2.1. Residential
      • 9.6.2.2. Commercial
      • 9.6.2.3. Industrial
    • 9.6.3. Argentina Market Analysis, Insights, and Forecast - By End-User
      • 9.6.3.1. Residential
      • 9.6.3.2. Commercial
      • 9.6.3.3. Industrial
    • 9.6.4. Rest of Latin America Market Analysis, Insights, and Forecast - By End-User
      • 9.6.4.1. Residential
      • 9.6.4.2. Commercial
      • 9.6.4.3. Industrial

10. Middle East and Africa Thermal Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2021-2034

  • 10.1. Key Findings
  • 10.2. Market Analysis, Insights, and Forecast - By Technology
    • 10.2.1. Sensible Heat
    • 10.2.2. Latent Heat
    • 10.2.3. Thermochemical
  • 10.3. Market Analysis, Insights, and Forecast - By Material
    • 10.3.1. Water
    • 10.3.2. Molten Salt
    • 10.3.3. Phase Change Materials (PCM)
    • 10.3.4. Others
  • 10.4. Market Analysis, Insights, and Forecast - By Application
    • 10.4.1. District Heating and Cooling Systems
    • 10.4.2. Process Heating and Cooling
    • 10.4.3. Power Generation
  • 10.5. Market Analysis, Insights, and Forecast - By End-User
    • 10.5.1. Residential
    • 10.5.2. Commercial
    • 10.5.3. Industrial
  • 10.6. Market Analysis, Insights, and Forecast - By Country
    • 10.6.1. GCC Market Analysis, Insights, and Forecast - By End-User
      • 10.6.1.1. Residential
      • 10.6.1.2. Commercial
      • 10.6.1.3. Industrial
    • 10.6.2. Egypt Market Analysis, Insights, and Forecast - By End-User
      • 10.6.2.1. Residential
      • 10.6.2.2. Commercial
      • 10.6.2.3. Industrial
    • 10.6.3. Rest of Middle East and Africa Market Analysis, Insights, and Forecast - By End-User
      • 10.6.3.1. Residential
      • 10.6.3.2. Commercial
      • 10.6.3.3. Industrial

11. Competitive Analysis

  • 11.1. Company Market Share Analysis, 2025
  • 11.2. Company Profile
    • 11.2.1. ABENGOA
      • 11.2.1.1. Business Overview
      • 11.2.1.2. Product and Service Offerings
      • 11.2.1.3. Recent Developments
      • 11.2.1.4. Financials (Based on Availability)

12. Similar data will be provided for the below listed companies

  • 12.1. Man Energy Solutions
    • 12.1.1. Analog Devices
    • 12.1.2. Caldwell Energy
    • 12.1.3. Evapco
    • 12.1.4. Calmac
    • 12.1.5. Dunham Bush
    • 12.1.6. Baltimore Aircoil Company
    • 12.1.7. Burns and McDonnell
    • 12.1.8. Cristopia Energy
    • 12.1.9. Lime Micromobility
    • 12.1.10. FAFCO
    • 12.1.11. MCDermott
    • 12.1.12. Vogtice
    • 12.1.13. Steffes Corporation

List of Tables

  • Table 1: Global Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Technology, 2021-2034
  • Table 2: Global Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Material, 2021-2034
  • Table 3: Global Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Application, 2021-2034
  • Table 4: Global Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 5: Global Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Region, 2021-2034
  • Table 6: North America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Technology, 2021-2034
  • Table 7: North America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Material, 2021-2034
  • Table 8: North America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Application, 2021-2034
  • Table 9: North America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 10: North America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Country, 2021-2034
  • Table 11: U.S. Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 12: Canada Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 13: Europe Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Technology, 2021-2034
  • Table 14: Europe Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Material, 2021-2034
  • Table 15: Europe Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Application, 2021-2034
  • Table 16: Europe Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 17: Europe Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Country, 2021-2034
  • Table 18: Poland Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 19: Germany Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 20: United Kingdom Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 21: France Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 22: Denmark Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 23: Finland Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 24: Czech Republic Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 25: Rest of Europe Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 26: Asia Pacific Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Technology, 2021-2034
  • Table 27: Asia Pacific Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Material, 2021-2034
  • Table 28: Asia Pacific Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Application, 2021-2034
  • Table 29: Asia Pacific Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 30: Asia Pacific Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Country, 2021-2034
  • Table 31: China Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 32: India Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 33: Japan Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 34: South Korea Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 35: Rest of Asia Pacific Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 36: Latin America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Technology, 2021-2034
  • Table 37: Latin America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Material, 2021-2034
  • Table 38: Latin America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Application, 2021-2034
  • Table 39: Latin America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 40: Latin America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Country, 2021-2034
  • Table 41: Brazil Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 42: Mexico Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 43: Argentina Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 44: Rest of Latin America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 45: Middle East and Africa Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Technology, 2021-2034
  • Table 46: Middle East and Africa Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Material, 2021-2034
  • Table 47: Middle East and Africa Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Application, 2021-2034
  • Table 48: Middle East and Africa Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 49: Middle East and Africa Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Country, 2021-2034
  • Table 50: GCC Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 51: Egypt Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034
  • Table 52: Rest of Middle East and Africa Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2021-2034

List of Figures

  • Figure 1: Global Thermal Energy Storage Market Revenue Breakdown (USD Billion, %) by Region, 2025 & 2034
  • Figure 2: Global Thermal Energy Storage Market Value Share (%), By Technology, 2025 & 2034
  • Figure 3: Global Thermal Energy Storage Market Forecast (USD Billion), by Sensible Heat, 2021-2034
  • Figure 4: Global Thermal Energy Storage Market Forecast (USD Billion), by Latent Heat, 2021-2034
  • Figure 5: Global Thermal Energy Storage Market Forecast (USD Billion), by Thermochemical, 2021-2034
  • Figure 6: Global Thermal Energy Storage Market Value Share (%), By Material, 2025 & 2034
  • Figure 7: Global Thermal Energy Storage Market Forecast (USD Billion), by Water, 2021-2034
  • Figure 8: Global Thermal Energy Storage Market Forecast (USD Billion), by Molten Salt, 2021-2034
  • Figure 9: Global Thermal Energy Storage Market Forecast (USD Billion), by Phase Change Materials (PCM), 2021-2034
  • Figure 10: Global Thermal Energy Storage Market Forecast (USD Billion), by Others, 2021-2034
  • Figure 11: Global Thermal Energy Storage Market Value Share (%), By Application, 2025 & 2034
  • Figure 12: Global Thermal Energy Storage Market Forecast (USD Billion), by District Heating and Cooling Systems, 2021-2034
  • Figure 13: Global Thermal Energy Storage Market Forecast (USD Billion), by Process Heating and Cooling, 2021-2034
  • Figure 14: Global Thermal Energy Storage Market Forecast (USD Billion), by Power Generation, 2021-2034
  • Figure 15: Global Thermal Energy Storage Market Value Share (%), By End-User, 2025 & 2034
  • Figure 16: Global Thermal Energy Storage Market Forecast (USD Billion), by Residential, 2021-2034
  • Figure 17: Global Thermal Energy Storage Market Forecast (USD Billion), by Commercial, 2021-2034
  • Figure 18: Global Thermal Energy Storage Market Forecast (USD Billion), by Industrial, 2021-2034
  • Figure 19: Global Thermal Energy Storage Market Value (USD Billion), by Region, 2025 & 2034
  • Figure 20: Global Thermal Energy Storage Market Value Share (%), by Region, 2025
  • Figure 21: North America Thermal Energy Storage Market Value Share (%), By Technology, 2025 & 2034
  • Figure 22: North America Thermal Energy Storage Market Forecast (USD Billion), by Sensible Heat, 2021-2034
  • Figure 23: North America Thermal Energy Storage Market Forecast (USD Billion), by Latent Heat, 2021-2034
  • Figure 24: North America Thermal Energy Storage Market Forecast (USD Billion), by Thermochemical, 2021-2034
  • Figure 25: North America Thermal Energy Storage Market Value Share (%), By Material, 2025 & 2034
  • Figure 26: North America Thermal Energy Storage Market Forecast (USD Billion), by Water, 2021-2034
  • Figure 27: North America Thermal Energy Storage Market Forecast (USD Billion), by Molten Salt, 2021-2034
  • Figure 28: North America Thermal Energy Storage Market Forecast (USD Billion), by Phase Change Materials (PCM), 2021-2034
  • Figure 29: North America Thermal Energy Storage Market Forecast (USD Billion), by Others, 2021-2034
  • Figure 30: North America Thermal Energy Storage Market Value Share (%), By Application, 2025 & 2034
  • Figure 31: North America Thermal Energy Storage Market Forecast (USD Billion), by District Heating and Cooling Systems, 2021-2034
  • Figure 32: North America Thermal Energy Storage Market Forecast (USD Billion), by Process Heating and Cooling, 2021-2034
  • Figure 33: North America Thermal Energy Storage Market Forecast (USD Billion), by Power Generation, 2021-2034
  • Figure 34: North America Thermal Energy Storage Market Value Share (%), By End-User, 2025 & 2034
  • Figure 35: North America Thermal Energy Storage Market Forecast (USD Billion), by Residential, 2021-2034
  • Figure 36: North America Thermal Energy Storage Market Forecast (USD Billion), by Commercial, 2021-2034
  • Figure 37: North America Thermal Energy Storage Market Forecast (USD Billion), by Industrial, 2021-2034
  • Figure 38: North America Thermal Energy Storage Market Value (USD Billion), by Country, 2025 & 2034
  • Figure 39: North America Thermal Energy Storage Market Value Share (%), by Country, 2025
  • Figure 40: Europe Thermal Energy Storage Market Value Share (%), By Technology, 2025 & 2034
  • Figure 41: Europe Thermal Energy Storage Market Forecast (USD Billion), by Sensible Heat, 2021-2034
  • Figure 42: Europe Thermal Energy Storage Market Forecast (USD Billion), by Latent Heat, 2021-2034
  • Figure 43: Europe Thermal Energy Storage Market Forecast (USD Billion), by Thermochemical, 2021-2034
  • Figure 44: Europe Thermal Energy Storage Market Value Share (%), By Material, 2025 & 2034
  • Figure 45: Europe Thermal Energy Storage Market Forecast (USD Billion), by Water, 2021-2034
  • Figure 46: Europe Thermal Energy Storage Market Forecast (USD Billion), by Molten Salt, 2021-2034
  • Figure 47: Europe Thermal Energy Storage Market Forecast (USD Billion), by Phase Change Materials (PCM), 2021-2034
  • Figure 48: Europe Thermal Energy Storage Market Forecast (USD Billion), by Others, 2021-2034
  • Figure 49: Europe Thermal Energy Storage Market Value Share (%), By Application, 2025 & 2034
  • Figure 50: Europe Thermal Energy Storage Market Forecast (USD Billion), by District Heating and Cooling Systems, 2021-2034
  • Figure 51: Europe Thermal Energy Storage Market Forecast (USD Billion), by Process Heating and Cooling, 2021-2034
  • Figure 52: Europe Thermal Energy Storage Market Forecast (USD Billion), by Power Generation, 2021-2034
  • Figure 53: Europe Thermal Energy Storage Market Value Share (%), By End-User, 2025 & 2034
  • Figure 54: Europe Thermal Energy Storage Market Forecast (USD Billion), by Residential, 2021-2034
  • Figure 55: Europe Thermal Energy Storage Market Forecast (USD Billion), by Commercial, 2021-2034
  • Figure 56: Europe Thermal Energy Storage Market Forecast (USD Billion), by Industrial, 2021-2034
  • Figure 57: Europe Thermal Energy Storage Market Value (USD Billion), by Country, 2025 & 2034
  • Figure 58: Europe Thermal Energy Storage Market Value Share (%), by Country, 2025
  • Figure 59: Asia Pacific Thermal Energy Storage Market Value Share (%), By Technology, 2025 & 2034
  • Figure 60: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Sensible Heat, 2021-2034
  • Figure 61: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Latent Heat, 2021-2034
  • Figure 62: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Thermochemical, 2021-2034
  • Figure 63: Asia Pacific Thermal Energy Storage Market Value Share (%), By Material, 2025 & 2034
  • Figure 64: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Water, 2021-2034
  • Figure 65: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Molten Salt, 2021-2034
  • Figure 66: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Phase Change Materials (PCM), 2021-2034
  • Figure 67: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Others, 2021-2034
  • Figure 68: Asia Pacific Thermal Energy Storage Market Value Share (%), By Application, 2025 & 2034
  • Figure 69: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by District Heating and Cooling Systems, 2021-2034
  • Figure 70: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Process Heating and Cooling, 2021-2034
  • Figure 71: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Power Generation, 2021-2034
  • Figure 72: Asia Pacific Thermal Energy Storage Market Value Share (%), By End-User, 2025 & 2034
  • Figure 73: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Residential, 2021-2034
  • Figure 74: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Commercial, 2021-2034
  • Figure 75: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Industrial, 2021-2034
  • Figure 76: Asia Pacific Thermal Energy Storage Market Value (USD Billion), by Country, 2025 & 2034
  • Figure 77: Asia Pacific Thermal Energy Storage Market Value Share (%), by Country, 2025
  • Figure 78: Latin America Thermal Energy Storage Market Value Share (%), By Technology, 2025 & 2034
  • Figure 79: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Sensible Heat, 2021-2034
  • Figure 80: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Latent Heat, 2021-2034
  • Figure 81: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Thermochemical, 2021-2034
  • Figure 82: Latin America Thermal Energy Storage Market Value Share (%), By Material, 2025 & 2034
  • Figure 83: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Water, 2021-2034
  • Figure 84: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Molten Salt, 2021-2034
  • Figure 85: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Phase Change Materials (PCM), 2021-2034
  • Figure 86: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Others, 2021-2034
  • Figure 87: Latin America Thermal Energy Storage Market Value Share (%), By Application, 2025 & 2034
  • Figure 88: Latin America Thermal Energy Storage Market Forecast (USD Billion), by District Heating and Cooling Systems, 2021-2034
  • Figure 89: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Process Heating and Cooling, 2021-2034
  • Figure 90: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Power Generation, 2021-2034
  • Figure 91: Latin America Thermal Energy Storage Market Value Share (%), By End-User, 2025 & 2034
  • Figure 92: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Residential, 2021-2034
  • Figure 93: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Commercial, 2021-2034
  • Figure 94: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Industrial, 2021-2034
  • Figure 95: Latin America Thermal Energy Storage Market Value (USD Billion), by Country, 2025 & 2034
  • Figure 96: Latin America Thermal Energy Storage Market Value Share (%), by Country, 2025
  • Figure 97: Middle East and Africa Thermal Energy Storage Market Value Share (%), By Technology, 2025 & 2034
  • Figure 98: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Sensible Heat, 2021-2034
  • Figure 99: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Latent Heat, 2021-2034
  • Figure 100: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Thermochemical, 2021-2034
  • Figure 101: Middle East and Africa Thermal Energy Storage Market Value Share (%), By Material, 2025 & 2034
  • Figure 102: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Water, 2021-2034
  • Figure 103: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Molten Salt, 2021-2034
  • Figure 104: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Phase Change Materials (PCM), 2021-2034
  • Figure 105: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Others, 2021-2034
  • Figure 106: Middle East and Africa Thermal Energy Storage Market Value Share (%), By Application, 2025 & 2034
  • Figure 107: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by District Heating and Cooling Systems, 2021-2034
  • Figure 108: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Process Heating and Cooling, 2021-2034
  • Figure 109: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Power Generation, 2021-2034
  • Figure 110: Middle East and Africa Thermal Energy Storage Market Value Share (%), By End-User, 2025 & 2034
  • Figure 111: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Residential, 2021-2034
  • Figure 112: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Commercial, 2021-2034
  • Figure 113: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Industrial, 2021-2034
  • Figure 114: Middle East and Africa Thermal Energy Storage Market Value (USD Billion), by Country, 2025 & 2034
  • Figure 115: Middle East and Africa Thermal Energy Storage Market Value Share (%), by Country, 2025
  • Figure 116: Company Market Share Analysis (%), 2025