"Actionable Insights to Fuel Your Growth"

Thermal Energy Storage Market Size, Share & Industry Analysis by Technology (Sensible Heat, Latent Heat, and Thermochemical), By Material (Water, Molten Salt, Phase Change Materials (PCM), and Others), By Application (District Heating and Cooling Systems, Process Heating and Cooling, and Power Generation), By End-User (Residential, Commercial, and Industrial), and Regional Forecast, 2025-2032

Last Updated: November 17, 2025 | Format: PDF | Report ID: FBI100748

 

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  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Thermal Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
  6. North America Thermal Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
  7. Europe Thermal Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
  8. Asia Pacific Thermal Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
  9. Latin America Thermal Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
  10. Middle East and Africa Thermal Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
  11. Competitive Analysis
  12. *Similar data will be provided for the below listed companies
  1. Introduction
  2. Executive Summary
  3. Market Dynamics
  4. Key Insights
  5. Global Thermal Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
  6. North America Thermal Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
  7. Europe Thermal Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
  8. Asia Pacific Thermal Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
  9. Latin America Thermal Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
  10. Middle East and Africa Thermal Energy Storage Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
  11. Competitive Analysis
  12. *Similar data will be provided for the below listed companies
Read Less

Figure 1: Global Thermal Energy Storage Market Revenue Breakdown (USD Billion, %) by Region, 2024 & 2032

Figure 2: Global Thermal Energy Storage Market Value Share (%), By Technology, 2024 & 2032

Figure 3: Global Thermal Energy Storage Market Forecast (USD Billion), by Sensible Heat, 2019-2032

Figure 4: Global Thermal Energy Storage Market Forecast (USD Billion), by Latent Heat, 2019-2032

Figure 5: Global Thermal Energy Storage Market Forecast (USD Billion), by Thermochemical, 2019-2032

Figure 6: Global Thermal Energy Storage Market Value Share (%), By Material, 2024 & 2032

Figure 7: Global Thermal Energy Storage Market Forecast (USD Billion), by Water, 2019-2032

Figure 8: Global Thermal Energy Storage Market Forecast (USD Billion), by Molten Salt, 2019-2032

Figure 9: Global Thermal Energy Storage Market Forecast (USD Billion), by Phase Change Materials (PCM), 2019-2032

Figure 10: Global Thermal Energy Storage Market Forecast (USD Billion), by Others, 2019-2032

Figure 11: Global Thermal Energy Storage Market Value Share (%), By Application, 2024 & 2032

Figure 12: Global Thermal Energy Storage Market Forecast (USD Billion), by District Heating and Cooling Systems, 2019-2032

Figure 13: Global Thermal Energy Storage Market Forecast (USD Billion), by Process Heating and Cooling, 2019-2032

Figure 14: Global Thermal Energy Storage Market Forecast (USD Billion), by Power Generation, 2019-2032

Figure 15: Global Thermal Energy Storage Market Value Share (%), By End-User, 2024 & 2032

Figure 16: Global Thermal Energy Storage Market Forecast (USD Billion), by Residential, 2019-2032

Figure 17: Global Thermal Energy Storage Market Forecast (USD Billion), by Commercial, 2019-2032

Figure 18: Global Thermal Energy Storage Market Forecast (USD Billion), by Industrial, 2019-2032

Figure 19: Global Thermal Energy Storage Market Value (USD Billion), by Region, 2024 & 2032

Figure 20: Global Thermal Energy Storage Market Value Share (%), by Region, 2024

Figure 21: North America Thermal Energy Storage Market Value Share (%), By Technology, 2024 & 2032

Figure 22: North America Thermal Energy Storage Market Forecast (USD Billion), by Sensible Heat, 2019-2032

Figure 23: North America Thermal Energy Storage Market Forecast (USD Billion), by Latent Heat, 2019-2032

Figure 24: North America Thermal Energy Storage Market Forecast (USD Billion), by Thermochemical, 2019-2032

Figure 25: North America Thermal Energy Storage Market Value Share (%), By Material, 2024 & 2032

Figure 26: North America Thermal Energy Storage Market Forecast (USD Billion), by Water, 2019-2032

Figure 27: North America Thermal Energy Storage Market Forecast (USD Billion), by Molten Salt, 2019-2032

Figure 28: North America Thermal Energy Storage Market Forecast (USD Billion), by Phase Change Materials (PCM), 2019-2032

Figure 29: North America Thermal Energy Storage Market Forecast (USD Billion), by Others, 2019-2032

Figure 30: North America Thermal Energy Storage Market Value Share (%), By Application, 2024 & 2032

Figure 31: North America Thermal Energy Storage Market Forecast (USD Billion), by District Heating and Cooling Systems, 2019-2032

Figure 32: North America Thermal Energy Storage Market Forecast (USD Billion), by Process Heating and Cooling, 2019-2032

Figure 33: North America Thermal Energy Storage Market Forecast (USD Billion), by Power Generation, 2019-2032

Figure 34: North America Thermal Energy Storage Market Value Share (%), By End-User, 2024 & 2032

Figure 35: North America Thermal Energy Storage Market Forecast (USD Billion), by Residential, 2019-2032

Figure 36: North America Thermal Energy Storage Market Forecast (USD Billion), by Commercial, 2019-2032

Figure 37: North America Thermal Energy Storage Market Forecast (USD Billion), by Industrial, 2019-2032

Figure 38: North America Thermal Energy Storage Market Value (USD Billion), by Country, 2024 & 2032

Figure 39: North America Thermal Energy Storage Market Value Share (%), by Country, 2024

Figure 40: Europe Thermal Energy Storage Market Value Share (%), By Technology, 2024 & 2032

Figure 41: Europe Thermal Energy Storage Market Forecast (USD Billion), by Sensible Heat, 2019-2032

Figure 42: Europe Thermal Energy Storage Market Forecast (USD Billion), by Latent Heat, 2019-2032

Figure 43: Europe Thermal Energy Storage Market Forecast (USD Billion), by Thermochemical, 2019-2032

Figure 44: Europe Thermal Energy Storage Market Value Share (%), By Material, 2024 & 2032

Figure 45: Europe Thermal Energy Storage Market Forecast (USD Billion), by Water, 2019-2032

Figure 46: Europe Thermal Energy Storage Market Forecast (USD Billion), by Molten Salt, 2019-2032

Figure 47: Europe Thermal Energy Storage Market Forecast (USD Billion), by Phase Change Materials (PCM), 2019-2032

Figure 48: Europe Thermal Energy Storage Market Forecast (USD Billion), by Others, 2019-2032

Figure 49: Europe Thermal Energy Storage Market Value Share (%), By Application, 2024 & 2032

Figure 50: Europe Thermal Energy Storage Market Forecast (USD Billion), by District Heating and Cooling Systems, 2019-2032

Figure 51: Europe Thermal Energy Storage Market Forecast (USD Billion), by Process Heating and Cooling, 2019-2032

Figure 52: Europe Thermal Energy Storage Market Forecast (USD Billion), by Power Generation, 2019-2032

Figure 53: Europe Thermal Energy Storage Market Value Share (%), By End-User, 2024 & 2032

Figure 54: Europe Thermal Energy Storage Market Forecast (USD Billion), by Residential, 2019-2032

Figure 55: Europe Thermal Energy Storage Market Forecast (USD Billion), by Commercial, 2019-2032

Figure 56: Europe Thermal Energy Storage Market Forecast (USD Billion), by Industrial, 2019-2032

Figure 57: Europe Thermal Energy Storage Market Value (USD Billion), by Country, 2024 & 2032

Figure 58: Europe Thermal Energy Storage Market Value Share (%), by Country, 2024

Figure 59: Asia Pacific Thermal Energy Storage Market Value Share (%), By Technology, 2024 & 2032

Figure 60: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Sensible Heat, 2019-2032

Figure 61: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Latent Heat, 2019-2032

Figure 62: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Thermochemical, 2019-2032

Figure 63: Asia Pacific Thermal Energy Storage Market Value Share (%), By Material, 2024 & 2032

Figure 64: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Water, 2019-2032

Figure 65: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Molten Salt, 2019-2032

Figure 66: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Phase Change Materials (PCM), 2019-2032

Figure 67: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Others, 2019-2032

Figure 68: Asia Pacific Thermal Energy Storage Market Value Share (%), By Application, 2024 & 2032

Figure 69: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by District Heating and Cooling Systems, 2019-2032

Figure 70: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Process Heating and Cooling, 2019-2032

Figure 71: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Power Generation, 2019-2032

Figure 72: Asia Pacific Thermal Energy Storage Market Value Share (%), By End-User, 2024 & 2032

Figure 73: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Residential, 2019-2032

Figure 74: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Commercial, 2019-2032

Figure 75: Asia Pacific Thermal Energy Storage Market Forecast (USD Billion), by Industrial, 2019-2032

Figure 76: Asia Pacific Thermal Energy Storage Market Value (USD Billion), by Country, 2024 & 2032

Figure 77: Asia Pacific Thermal Energy Storage Market Value Share (%), by Country, 2024

Figure 78: Latin America Thermal Energy Storage Market Value Share (%), By Technology, 2024 & 2032

Figure 79: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Sensible Heat, 2019-2032

Figure 80: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Latent Heat, 2019-2032

Figure 81: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Thermochemical, 2019-2032

Figure 82: Latin America Thermal Energy Storage Market Value Share (%), By Material, 2024 & 2032

Figure 83: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Water, 2019-2032

Figure 84: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Molten Salt, 2019-2032

Figure 85: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Phase Change Materials (PCM), 2019-2032

Figure 86: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Others, 2019-2032

Figure 87: Latin America Thermal Energy Storage Market Value Share (%), By Application, 2024 & 2032

Figure 88: Latin America Thermal Energy Storage Market Forecast (USD Billion), by District Heating and Cooling Systems, 2019-2032

Figure 89: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Process Heating and Cooling, 2019-2032

Figure 90: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Power Generation, 2019-2032

Figure 91: Latin America Thermal Energy Storage Market Value Share (%), By End-User, 2024 & 2032

Figure 92: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Residential, 2019-2032

Figure 93: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Commercial, 2019-2032

Figure 94: Latin America Thermal Energy Storage Market Forecast (USD Billion), by Industrial, 2019-2032

Figure 95: Latin America Thermal Energy Storage Market Value (USD Billion), by Country, 2024 & 2032

Figure 96: Latin America Thermal Energy Storage Market Value Share (%), by Country, 2024

Figure 97: Middle East and Africa Thermal Energy Storage Market Value Share (%), By Technology, 2024 & 2032

Figure 98: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Sensible Heat, 2019-2032

Figure 99: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Latent Heat, 2019-2032

Figure 100: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Thermochemical, 2019-2032

Figure 101: Middle East and Africa Thermal Energy Storage Market Value Share (%), By Material, 2024 & 2032

Figure 102: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Water, 2019-2032

Figure 103: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Molten Salt, 2019-2032

Figure 104: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Phase Change Materials (PCM), 2019-2032

Figure 105: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Others, 2019-2032

Figure 106: Middle East and Africa Thermal Energy Storage Market Value Share (%), By Application, 2024 & 2032

Figure 107: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by District Heating and Cooling Systems, 2019-2032

Figure 108: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Process Heating and Cooling, 2019-2032

Figure 109: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Power Generation, 2019-2032

Figure 110: Middle East and Africa Thermal Energy Storage Market Value Share (%), By End-User, 2024 & 2032

Figure 111: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Residential, 2019-2032

Figure 112: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Commercial, 2019-2032

Figure 113: Middle East and Africa Thermal Energy Storage Market Forecast (USD Billion), by Industrial, 2019-2032

Figure 114: Middle East and Africa Thermal Energy Storage Market Value (USD Billion), by Country, 2024 & 2032

Figure 115: Middle East and Africa Thermal Energy Storage Market Value Share (%), by Country, 2024

Figure 116: Company Market Share Analysis (%), 2024

Table 1: Global Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Technology, 2019-2032 

Table 2: Global Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Material, 2019-2032

Table 3: Global Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Application, 2019-2032

Table 4: Global Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032

Table 5: Global Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Region, 2019-2032

Table 6: North America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Technology, 2019-2032 

Table 7: North America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Material, 2019-2032

Table 8: North America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Application, 2019-2032

Table 9: North America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032

Table 10: North America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Country, 2019-2032

Table 11: U.S. Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 12: Canada Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 13: Europe Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Technology, 2019-2032 

Table 14: Europe Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Material, 2019-2032

Table 15: Europe Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Application, 2019-2032

Table 16: Europe Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032

Table 17: Europe Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Country, 2019-2032

Table 18: Poland Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 19: Germany Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 20: United Kingdom Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 21: France Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 22: Denmark Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 23: Finland Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 24: Czech Republic Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 25: Rest of Europe Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 26: Asia Pacific Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Technology, 2019-2032 

Table 27: Asia Pacific Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Material, 2019-2032

Table 28: Asia Pacific Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Application, 2019-2032

Table 29: Asia Pacific Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032

Table 30: Asia Pacific Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Country, 2019-2032

Table 31: China Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 32: India Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 33: Japan Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 34: South Korea Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 35: Rest of Asia Pacific Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 36: Latin America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Technology, 2019-2032 

Table 37: Latin America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Material, 2019-2032

Table 38: Latin America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Application, 2019-2032

Table 39: Latin America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032

Table 40: Latin America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Country, 2019-2032

Table 41: Brazil Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 42: Mexico Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 43: Argentina Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 44: Rest of Latin America Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 45: Middle East and Africa Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Technology, 2019-2032 

Table 46: Middle East and Africa Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Material, 2019-2032

Table 47: Middle East and Africa Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Application, 2019-2032

Table 48: Middle East and Africa Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032

Table 49: Middle East and Africa Thermal Energy Storage Market Revenue (USD Billion) Forecast, By Country, 2019-2032

Table 50: GCC Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 51: Egypt Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032 

Table 52: Rest of Middle East and Africa Thermal Energy Storage Market Revenue (USD Billion) Forecast, By End-User, 2019-2032

  • 2019-2032
  • 2024
  • 2019-2023
  • 217
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