Thermal Energy Storage Market Report by Storage Type (Sensible Heat Storage, Latent Heat Storage, Thermochemical Heat Storage), Technology (Molten Salt Technology, Electric Thermal Storage Heaters, Solar Energy Storage, Ice-Based Technology, Miscibility Gap Alloy Technology (MGA), and Others), Material Type (Water, Molten Salt, Phase Change Materials (PCM), and Others), Application (Power Generation, District Heating and Cooling, Process Heating and Cooling), End-Use (Residential and Commercial Sector, Utility Industry, and Other Industries), and Region 2024-2032

Thermal Energy Storage Market Report by Storage Type (Sensible Heat Storage, Latent Heat Storage, Thermochemical Heat Storage), Technology (Molten Salt Technology, Electric Thermal Storage Heaters, Solar Energy Storage, Ice-Based Technology, Miscibility Gap Alloy Technology (MGA), and Others), Material Type (Water, Molten Salt, Phase Change Materials (PCM), and Others), Application (Power Generation, District Heating and Cooling, Process Heating and Cooling), End-Use (Residential and Commercial Sector, Utility Industry, and Other Industries), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A2090
Buy Now

1   Preface
2   Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Thermal Energy Storage Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Storage Type 
    6.1    Sensible Heat Storage
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Latent Heat Storage
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Thermochemical Heat Storage
        6.3.1 Market Trends
        6.3.2 Market Forecast
7   Market Breakup by Technology
    7.1    Molten Salt Technology
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Electric Thermal Storage Heaters
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Solar Energy Storage
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Ice-Based Technology
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Miscibility Gap Alloy Technology (MGA)
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8   Market Breakup by Material Type
    8.1    Water
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Molten Salt
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Phase Change Materials (PCM)
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   Market Breakup by Application
    9.1    Power Generation
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    District Heating and Cooling
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Process Heating and Cooling
        9.3.1 Market Trends
        9.3.2 Market Forecast
10  Market Breakup by End-Use
    10.1    Residential and Commercial Sector
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Utility Industry
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    Other Industries
        10.3.1 Market Trends
        10.3.2 Market Forecast
11  Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12  SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13  Value Chain Analysis
14  Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Abengoa Solar S.A.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio 
           15.3.1.3 Financials
        15.3.2    Baltimore Aircoil Company Inc.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Brightsource Energy Inc.
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio 
        15.3.4    Burns & McDonnell Inc.
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio 
        15.3.5    Chicago Bridge & Iron Company (McDermott International)
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio 
        15.3.6    DC Pro Engineering.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Fafco Inc.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio 
        15.3.8    Solarreserve LLC
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio 
        15.3.9    Steffes Corporation
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio 
        15.3.10    Terrafore Technologies LLC
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio 

List of Figures

Figure 1: Global: Thermal Energy Storage Market: Major Drivers and Challenges
Figure 2: Global: Thermal Energy Storage Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Thermal Energy Storage Market: Breakup by Storage Type (in %), 2023
Figure 4: Global: Thermal Energy Storage Market: Breakup by Technology (in %), 2023
Figure 5: Global: Thermal Energy Storage Market: Breakup by Material Type (in %), 2023
Figure 6: Global: Thermal Energy Storage Market: Breakup by Application (in %), 2023
Figure 7: Global: Thermal Energy Storage Market: Breakup by End-Use (in %), 2023
Figure 8: Global: Thermal Energy Storage Market: Breakup by Region (in %), 2023
Figure 9: Global: Thermal Energy Storage Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 10: Global: Thermal Energy Storage (Sensible Heat Storage) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Thermal Energy Storage (Sensible Heat Storage) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Thermal Energy Storage (Latent Heat Storage) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Thermal Energy Storage (Latent Heat Storage) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Thermal Energy Storage (Thermochemical Heat Storage) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Thermal Energy Storage (Thermochemical Heat Storage) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Thermal Energy Storage (Molten Salt Technology) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Thermal Energy Storage (Molten Salt Technology) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Thermal Energy Storage (Electric Thermal Storage Heaters) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Thermal Energy Storage (Electric Thermal Storage Heaters) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Thermal Energy Storage (Solar Energy Storage) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Thermal Energy Storage (Solar Energy Storage) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Thermal Energy Storage (Ice-Based Technology) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Thermal Energy Storage (Ice-Based Technology) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Thermal Energy Storage (Miscibility Gap Alloy Technology-MGA) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Thermal Energy Storage (Miscibility Gap Alloy Technology-MGA) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Thermal Energy Storage (Other Technologies) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Thermal Energy Storage (Other Technologies) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Thermal Energy Storage (Water) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Thermal Energy Storage (Water) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Thermal Energy Storage (Molten Salt) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Thermal Energy Storage (Molten Salt) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Thermal Energy Storage (Phase Change Materials- PCM) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Thermal Energy Storage (Phase Change Materials- PCM) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Thermal Energy Storage (Other Material Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Thermal Energy Storage (Other Material Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Thermal Energy Storage (Power Generation) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Thermal Energy Storage (Power Generation) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Thermal Energy Storage (District Heating and Cooling) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Thermal Energy Storage (District Heating and Cooling) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Thermal Energy Storage (Process Heating and Cooling) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Thermal Energy Storage (Process Heating and Cooling) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Global: Thermal Energy Storage (Residential and Commercial Sector) Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Global: Thermal Energy Storage (Residential and Commercial Sector) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Global: Thermal Energy Storage (Utility Industry) Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Global: Thermal Energy Storage (Utility Industry) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Global: Thermal Energy Storage (Other Industries) Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Global: Thermal Energy Storage (Other Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: North America: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: North America: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: United States: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: United States: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Canada: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Canada: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Asia Pacific: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Asia Pacific: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: China: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: China: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Japan: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Japan: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: India: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: India: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: South Korea: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: South Korea: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Australia: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Australia: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Indonesia: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Indonesia: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Others: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Others: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Europe: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Europe: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Germany: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Germany: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: France: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: France: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: United Kingdom: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: United Kingdom: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Italy: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Italy: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Spain: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Spain: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Russia: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Russia: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Others: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Others: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Latin America: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Latin America: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Brazil: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Brazil: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 90: Mexico: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 91: Mexico: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 92: Others: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 93: Others: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 94: Middle East and Africa: Thermal Energy Storage Market: Sales Value (in Million US$), 2018 & 2023
Figure 95: Middle East and Africa: Thermal Energy Storage Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 96: Global: Thermal Energy Storage Industry: SWOT Analysis
Figure 97: Global: Thermal Energy Storage Industry: Value Chain Analysis
Figure 98: Global: Thermal Energy Storage Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Thermal Energy Storage Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Thermal Energy Storage Market Forecast: Breakup by Storage Type (in Million US$), 2024-2032
Table 3: Global: Thermal Energy Storage Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 4: Global: Thermal Energy Storage Market Forecast: Breakup by Material Type (in Million US$), 2024-2032
Table 5: Global: Thermal Energy Storage Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Thermal Energy Storage Market Forecast: Breakup by End-Use (in Million US$), 2024-2032
Table 7: Global: Thermal Energy Storage Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Thermal Energy Storage Market Structure
Table 9: Global: Thermal Energy Storage Market: Key Players

Thermal Energy Storage Market Report by Storage Type (Sensible Heat Storage, Latent Heat Storage, Thermochemical Heat Storage), Technology (Molten Salt Technology, Electric Thermal Storage Heaters, Solar Energy Storage, Ice-Based Technology, Miscibility Gap Alloy Technology (MGA), and Others), Material Type (Water, Molten Salt, Phase Change Materials (PCM), and Others), Application (Power Generation, District Heating and Cooling, Process Heating and Cooling), End-Use (Residential and Commercial Sector, Utility Industry, and Other Industries), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More