Thermal Energy Storage Global Market Insights 2025, Analysis and Forecast to 2030, by Market Participants, Regions, Technology, Application

March 2025 | 89 pages | ID: T024A59320C3EN
Prof Research

US$ 3,200.00

E-mail Delivery (PDF)

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Thermal Energy Storage Market Summary
Introduction
Thermal Energy Storage (TES) systems store thermal energy for later use, enabling efficient energy management in heating, cooling, and power generation. The industry is defined by its role in decarbonizing energy systems, leveraging materials like molten salts and water tanks to shift energy loads and integrate renewables. The European Association for Storage of Energy notes that half of European energy consumption goes to heating and cooling, with around 89% supplied by fossil fuels, notably natural gas. Gas consumption shifted significantly since the invasion of Ukraine and the ensuing energy crisis. The International Renewable Energy Agency (IRENA) projects that by 2030, the global TES market could triple, growing from a few gigawatt-hours (GWh) in 2019 to over 800 GWh, with investments in cooling and power applications reaching USD 13 billion to USD 28 billion. Molten salt storage is widely used in the power sector, while water tank thermal energy storage (WTTES) dominates the building sector globally.

Market Size and Growth Forecast
The Thermal Energy Storage market is projected to reach USD 6 billion to USD 8 billion in 2025 and expand to USD 15 billion to USD 20 billion by 2030, with a CAGR of 18% to 22%.

Regional Analysis
North America: Expected at 16% to 20%, the U.S. leads with renewable integration. Trends focus on industrial applications.
Europe: Forecasted at 19% to 23%, Germany and Spain dominate, driven by decarbonization. Trends emphasize policy support.
Asia Pacific: Projected at 20% to 24%, China leads with rapid urbanization. Trends favor cost-effective solutions.
Middle East and Africa (MEA): Anticipated at 15% to 19%, the UAE shows potential. Trends focus on cooling needs.
South America: Expected at 17% to 21%, Chile drives growth with solar projects. Trends lean toward scalability.

Application Analysis
Utility: Projected at 19% to 23%, it supports grid stability with molten salts. Trends emphasize renewable pairing.
Industrial: Expected at 17% to 21%, it reduces costs in manufacturing. Growth shifts to sustainable processes.

Key Market Players
Energy Nest: A Norwegian firm, Energy Nest offers high-temperature TES solutions.
KraftBlock: A German innovator, KraftBlock focuses on modular storage.
Kyoto: A sustainability player, Kyoto provides efficient TES systems.
Rondo: A U.S. firm, Rondo targets industrial decarbonization.
Brenmiller Energy: An Israeli company, Brenmiller excels in thermal storage tech.

Porter’s Five Forces Analysis
Threat of New Entrants: Moderate, with high capital needs offset by innovation potential.
Threat of Substitutes: Low, as few alternatives match TES efficiency.
Bargaining Power of Buyers: Moderate, with demand for cost-effective systems rising.
Bargaining Power of Suppliers: Moderate, due to specialized material needs.
Competitive Rivalry: High, driven by technological advancements and green incentives.

Market Opportunities and Challenges
Opportunities
Renewable Integration: TES boosts solar and wind use.
Policy Support: Decarbonization goals drive investment.
Industrial Demand: Efficiency needs spur adoption.
Emerging Markets: Urbanization fuels growth.
Challenges
High Costs: Initial investments deter adoption.
Technical Complexity: System integration poses hurdles.
Fossil Fuel Reliance: Slow transition delays uptake.
Competition: Alternative storage tech vies for share.
CHAPTER 1 EXECUTIVE SUMMARY

CHAPTER 2 ABBREVIATION AND ACRONYMS

CHAPTER 3 PREFACE

3.1 Research Scope
3.2 Research Sources
  3.2.1 Data Sources
  3.2.2 Assumptions
3.3 Research Method
Chapter Four Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users

CHAPTER 5 MARKET TREND ANALYSIS

5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats

CHAPTER 6 INDUSTRY CHAIN ANALYSIS

6.1 Upstream/Suppliers Analysis
6.2 Thermal Energy Storage Analysis
  6.2.1 Technology Analysis
  6.2.2 Cost Analysis
  6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users

CHAPTER 7 LATEST MARKET DYNAMICS

7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics

CHAPTER 8 HISTORICAL AND FORECAST THERMAL ENERGY STORAGE MARKET IN NORTH AMERICA (2020-2030)

8.1 Thermal Energy Storage Market Size
8.2 Thermal Energy Storage Market by End Use
8.3 Competition by Players/Suppliers
8.4 Thermal Energy Storage Market Size by Type
8.5 Key Countries Analysis
  8.5.1 United States
  8.5.2 Canada
  8.5.3 Mexico

CHAPTER 9 HISTORICAL AND FORECAST THERMAL ENERGY STORAGE MARKET IN SOUTH AMERICA (2020-2030)

9.1 Thermal Energy Storage Market Size
9.2 Thermal Energy Storage Market by End Use
9.3 Competition by Players/Suppliers
9.4 Thermal Energy Storage Market Size by Type
9.5 Key Countries Analysis
  9.5.1 Brazil
  9.5.2 Argentina
  9.5.3 Chile
  9.5.4 Peru

CHAPTER 10 HISTORICAL AND FORECAST THERMAL ENERGY STORAGE MARKET IN ASIA & PACIFIC (2020-2030)

10.1 Thermal Energy Storage Market Size
10.2 Thermal Energy Storage Market by End Use
10.3 Competition by Players/Suppliers
10.4 Thermal Energy Storage Market Size by Type
10.5 Key Countries Analysis
  10.5.1 China
  10.5.2 India
  10.5.3 Japan
  10.5.4 South Korea
  10.5.5 Southest Asia
  10.5.6 Australia

CHAPTER 11 HISTORICAL AND FORECAST THERMAL ENERGY STORAGE MARKET IN EUROPE (2020-2030)

11.1 Thermal Energy Storage Market Size
11.2 Thermal Energy Storage Market by End Use
11.3 Competition by Players/Suppliers
11.4 Thermal Energy Storage Market Size by Type
11.5 Key Countries Analysis
  11.5.1 Germany
  11.5.2 France
  11.5.3 United Kingdom
  11.5.4 Italy
  11.5.5 Spain
  11.5.6 Belgium
  11.5.7 Netherlands
  11.5.8 Austria
  11.5.9 Poland
  11.5.10 Russia

CHAPTER 12 HISTORICAL AND FORECAST THERMAL ENERGY STORAGE MARKET IN MEA (2020-2030)

12.1 Thermal Energy Storage Market Size
12.2 Thermal Energy Storage Market by End Use
12.3 Competition by Players/Suppliers
12.4 Thermal Energy Storage Market Size by Type
12.5 Key Countries Analysis
  12.5.1 Egypt
  12.5.2 Israel
  12.5.3 South Africa
  12.5.4 Gulf Cooperation Council Countries
  12.5.5 Turkey

CHAPTER 13 SUMMARY FOR GLOBAL THERMAL ENERGY STORAGE MARKET (2020-2025)

13.1 Thermal Energy Storage Market Size
13.2 Thermal Energy Storage Market by End Use
13.3 Competition by Players/Suppliers
13.4 Thermal Energy Storage Market Size by Type

CHAPTER 14 GLOBAL THERMAL ENERGY STORAGE MARKET FORECAST (2025-2030)

14.1 Thermal Energy Storage Market Size Forecast
14.2 Thermal Energy Storage Application Forecast
14.3 Competition by Players/Suppliers
14.4 Thermal Energy Storage Type Forecast

CHAPTER 15 ANALYSIS OF GLOBAL KEY VENDORS

15.1 Energy Nest
  15.1.1 Company Profile
  15.1.2 Main Business and Thermal Energy Storage Information
  15.1.3 SWOT Analysis of Energy Nest
  15.1.4 Energy Nest Thermal Energy Storage Revenue, Gross Margin and Market Share (2020-2025)
15.2 KraftBlock
  15.2.1 Company Profile
  15.2.2 Main Business and Thermal Energy Storage Information
  15.2.3 SWOT Analysis of KraftBlock
  15.2.4 KraftBlock Thermal Energy Storage Revenue, Gross Margin and Market Share (2020-2025)
15.3 Kyoto
  15.3.1 Company Profile
  15.3.2 Main Business and Thermal Energy Storage Information
  15.3.3 SWOT Analysis of Kyoto
  15.3.4 Kyoto Thermal Energy Storage Revenue, Gross Margin and Market Share (2020-2025)
15.4 Rondo
  15.4.1 Company Profile
  15.4.2 Main Business and Thermal Energy Storage Information
  15.4.3 SWOT Analysis of Rondo
  15.4.4 Rondo Thermal Energy Storage Revenue, Gross Margin and Market Share (2020-2025)
15.5 Brenmiller Energy
  15.5.1 Company Profile
  15.5.2 Main Business and Thermal Energy Storage Information
  15.5.3 SWOT Analysis of Brenmiller Energy
  15.5.4 Brenmiller Energy Thermal Energy Storage Revenue, Gross Margin and Market Share (2020-2025)
Please ask for sample pages for full companies list
Tables and Figures
Table Abbreviation and Acronyms
Table Research Scope of Thermal Energy Storage Report
Table Data Sources of Thermal Energy Storage Report
Table Major Assumptions of Thermal Energy Storage Report
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Thermal Energy Storage Picture
Table Thermal Energy Storage Classification
Table Thermal Energy Storage Applications
Table Drivers of Thermal Energy Storage Market
Table Restraints of Thermal Energy Storage Market
Table Opportunities of Thermal Energy Storage Market
Table Threats of Thermal Energy Storage Market
Table Covid-19 Impact For Thermal Energy Storage Market
Table Raw Materials Suppliers
Table Different Production Methods of Thermal Energy Storage
Table Cost Structure Analysis of Thermal Energy Storage
Table Key End Users
Table Latest News of Thermal Energy Storage Market
Table Merger and Acquisition
Table Planned/Future Project of Thermal Energy Storage Market
Table Policy of Thermal Energy Storage Market
Table 2020-2030 North America Thermal Energy Storage Market Size
Figure 2020-2030 North America Thermal Energy Storage Market Size and CAGR
Table 2020-2030 North America Thermal Energy Storage Market Size by Application
Table 2020-2025 North America Thermal Energy Storage Key Players Revenue
Table 2020-2025 North America Thermal Energy Storage Key Players Market Share
Table 2020-2030 North America Thermal Energy Storage Market Size by Type
Table 2020-2030 United States Thermal Energy Storage Market Size
Table 2020-2030 Canada Thermal Energy Storage Market Size
Table 2020-2030 Mexico Thermal Energy Storage Market Size
Table 2020-2030 South America Thermal Energy Storage Market Size
Figure 2020-2030 South America Thermal Energy Storage Market Size and CAGR
Table 2020-2030 South America Thermal Energy Storage Market Size by Application
Table 2020-2025 South America Thermal Energy Storage Key Players Revenue
Table 2020-2025 South America Thermal Energy Storage Key Players Market Share
Table 2020-2030 South America Thermal Energy Storage Market Size by Type
Table 2020-2030 Brazil Thermal Energy Storage Market Size
Table 2020-2030 Argentina Thermal Energy Storage Market Size
Table 2020-2030 Chile Thermal Energy Storage Market Size
Table 2020-2030 Peru Thermal Energy Storage Market Size
Table 2020-2030 Asia & Pacific Thermal Energy Storage Market Size
Figure 2020-2030 Asia & Pacific Thermal Energy Storage Market Size and CAGR
Table 2020-2030 Asia & Pacific Thermal Energy Storage Market Size by Application
Table 2020-2025 Asia & Pacific Thermal Energy Storage Key Players Revenue
Table 2020-2025 Asia & Pacific Thermal Energy Storage Key Players Market Share
Table 2020-2030 Asia & Pacific Thermal Energy Storage Market Size by Type
Table 2020-2030 China Thermal Energy Storage Market Size
Table 2020-2030 India Thermal Energy Storage Market Size
Table 2020-2030 Japan Thermal Energy Storage Market Size
Table 2020-2030 South Korea Thermal Energy Storage Market Size
Table 2020-2030 Southeast Asia Thermal Energy Storage Market Size
Table 2020-2030 Australia Thermal Energy Storage Market Size
Table 2020-2030 Europe Thermal Energy Storage Market Size
Figure 2020-2030 Europe Thermal Energy Storage Market Size and CAGR
Table 2020-2030 Europe Thermal Energy Storage Market Size by Application
Table 2020-2025 Europe Thermal Energy Storage Key Players Revenue
Table 2020-2025 Europe Thermal Energy Storage Key Players Market Share
Table 2020-2030 Europe Thermal Energy Storage Market Size by Type
Table 2020-2030 Germany Thermal Energy Storage Market Size
Table 2020-2030 France Thermal Energy Storage Market Size
Table 2020-2030 United Kingdom Thermal Energy Storage Market Size
Table 2020-2030 Italy Thermal Energy Storage Market Size
Table 2020-2030 Spain Thermal Energy Storage Market Size
Table 2020-2030 Belgium Thermal Energy Storage Market Size
Table 2020-2030 Netherlands Thermal Energy Storage Market Size
Table 2020-2030 Austria Thermal Energy Storage Market Size
Table 2020-2030 Poland Thermal Energy Storage Market Size
Table 2020-2030 Russia Thermal Energy Storage Market Size
Table 2020-2030 MEA Thermal Energy Storage Market Size
Figure 2020-2030 MEA Thermal Energy Storage Market Size and CAGR
Table 2020-2030 MEA Thermal Energy Storage Market Size by Application
Table 2020-2025 MEA Thermal Energy Storage Key Players Revenue
Table 2020-2025 MEA Thermal Energy Storage Key Players Market Share
Table 2020-2030 MEA Thermal Energy Storage Market Size by Type
Table 2020-2030 Egypt Thermal Energy Storage Market Size
Table 2020-2030 Israel Thermal Energy Storage Market Size
Table 2020-2030 South Africa Thermal Energy Storage Market Size
Table 2020-2030 Gulf Cooperation Council Countries Thermal Energy Storage Market Size
Table 2020-2030 Turkey Thermal Energy Storage Market Size
Table 2020-2025 Global Thermal Energy Storage Market Size by Region
Table 2020-2025 Global Thermal Energy Storage Market Size Share by Region
Table 2020-2025 Global Thermal Energy Storage Market Size by Application
Table 2020-2025 Global Thermal Energy Storage Market Share by Application
Table 2020-2025 Global Thermal Energy Storage Key Vendors Revenue
Figure 2020-2025 Global Thermal Energy Storage Market Size and Growth Rate
Table 2020-2025 Global Thermal Energy Storage Key Vendors Market Share
Table 2020-2025 Global Thermal Energy Storage Market Size by Type
Table 2020-2025 Global Thermal Energy Storage Market Share by Type
Table 2025-2030 Global Thermal Energy Storage Market Size by Region
Table 2025-2030 Global Thermal Energy Storage Market Size Share by Region
Table 2025-2030 Global Thermal Energy Storage Market Size by Application
Table 2025-2030 Global Thermal Energy Storage Market Share by Application
Table 2025-2030 Global Thermal Energy Storage Key Vendors Revenue
Figure 2025-2030 Global Thermal Energy Storage Market Size and Growth Rate
Table 2025-2030 Global Thermal Energy Storage Key Vendors Market Share
Table 2025-2030 Global Thermal Energy Storage Market Size by Type
Table 2025-2030 Thermal Energy Storage Global Market Share by Type


More Publications