Thermal Storage Market Trend, Share, Growth, Size Analysis and Forecast 2032

Thermal Storage Market

Thermal Storage Market - By Storage Material (Water, Molten Salt, And Phase Change Material), By Technology (Sensible Heat, Latent Heat, And Thermo Chemical Heat), By Applications (Power Generation, District Heating & Cooling, And Process Heating & Cooling), and By Region: Global Industry Perspective, Comprehensive Analysis, And Forecast, 2024 - 2032

Category: Energy & Mining Report Format : PDF Pages: 210 Report Code: ZMR-2167 Published Date: Nov-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 5.86 Billion USD 13.03 Billion 9.28% 2023

Table Of Content

  • Chapter No. 1 : Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 : Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Storage Material
        • 2.1.1.2. Market Attractiveness Analysis, By Technology
        • 2.1.1.3. Market Attractiveness Analysis, By Application
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Thermal Storage Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 : COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 : Thermal Storage Market – By Storage Material Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Storage Material, 2020 & 2028
    • 4.2. Water
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Multen Salt
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Phase Change Material
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 : Thermal Storage Market – Technology Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Technology, 2020 & 2028
    • 5.2. Sensible heat
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Latent heat
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Thermo Chemical Heat
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 6 : Thermal Storage Market – By Application Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By Application, 2020 & 2028
    • 6.2. Power Generation
      • 6.2.1. Market Size and Forecast, By Region (USD Billion)
      • 6.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.3. District Heating & Couling
      • 6.3.1. Market Size and Forecast, By Region (USD Billion)
      • 6.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 6.4. Process Heating & Couling
      • 6.4.1. Market Size and Forecast, By Region (USD Billion)
      • 6.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 6.4.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 7 : Thermal Storage Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.2.2. North America Market Revenue, By Storage Material , 2016 – 2028
      • 7.2.3. North America Market Revenue, By Technology, 2016 – 2028
      • 7.2.4. North America Market Revenue, By Application, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Storage Material, 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Technology, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By Application, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Storage Material, 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By Technology, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By Application, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Storage Material, 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Technology, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By Application, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.3.2. Europe Market Revenue, By Storage Material, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By Technology, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By Application, 2016 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Storage Material, 2016 – 2028
        • 7.3.5.2. Germany Market Revenue, By Technology, 2016 – 2028
        • 7.3.5.3. Germany Market Revenue, By Application, 2016 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Storage Material, 2016 – 2028
        • 7.3.6.2. France Market Revenue, By Technology, 2016 – 2028
        • 7.3.6.3. France Market Revenue, By Application, 2016 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Storage Material, 2016 – 2028
        • 7.3.7.2. U.K. Market Revenue, By Technology, 2016 – 2028
        • 7.3.7.3. U.K. Market Revenue, By Application, 2016 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Storage Material, 2016 – 2028
        • 7.3.8.2. Italy Market Revenue, By Technology, 2016 – 2028
        • 7.3.8.3. Italy Market Revenue, By Application, 2016 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Storage Material, 2016 – 2028
        • 7.3.9.2. Spain Market Revenue, By Technology, 2016 – 2028
        • 7.3.9.3. Spain Market Revenue, By Application, 2016 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Storage Material, 2016 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By Technology, 2016 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By Application, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.4.2. Asia Pacific Market Revenue, By Storage Material, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Technology, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By Application, 2016 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Storage Material, 2016 – 2028
        • 7.4.5.2. China Market Revenue, By Technology, 2016 – 2028
        • 7.4.5.3. China Market Revenue, By Application, 2016 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Storage Material, 2016 – 2028
        • 7.4.6.2. Japan Market Revenue, By Technology, 2016 – 2028
        • 7.4.6.3. Japan Market Revenue, By Application, 2016 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Storage Material, 2016 – 2028
        • 7.4.7.2. India Market Revenue, By Technology, 2016 – 2028
        • 7.4.7.3. India Market Revenue, By Application, 2016 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Storage Material, 2016 – 2028
        • 7.4.8.2. South Korea Market Revenue, By Technology, 2016 – 2028
        • 7.4.8.3. South Korea Market Revenue, By Application, 2016 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Storage Material, 2016 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By Technology, 2016 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By Application, 2016 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Storage Material, 2016 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Technology, 2016 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By Application, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.5.2. Latin America Market Revenue, By Storage Material, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By Technology, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By Application, 2016 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Storage Material, 2016 – 2028
        • 7.5.5.2. Brazil Market Revenue, By Technology, 2016 – 2028
        • 7.5.5.3. Brazil Market Revenue, By Application, 2016 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Storage Material, 2016 – 2028
        • 7.5.6.2. Argentina Market Revenue, By Technology, 2016 – 2028
        • 7.5.6.3. Argentina Market Revenue, By Application, 2016 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Storage Material, 2016 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By Technology, 2016 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By Application, 2016 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Storage Material, 2016 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By Technology, 2016 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Storage Material, 2016 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By Technology, 2016 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By Application, 2016 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Storage Material, 2016 – 2028
        • 7.6.6.2. South Africa Market Revenue, By Technology, 2016 – 2028
        • 7.6.6.3. South Africa Market Revenue, By Application, 2016 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Storage Material, 2016 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Technology, 2016 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By Application, 2016 – 2028
  • Chapter No. 8 : Thermal Storage Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
      • 8.2.1. Driving Factor 1 Analysis
      • 8.2.2. Driving Factor 2 Analysis
    • 8.3. Market Restraints
      • 8.3.1. Restraining Factor Analysis
    • 8.4. Market Opportunities
      • 8.4.1. Market Opportunity Analysis
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technology Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
    • 8.10. Pricing Analysis
    • 8.11. Value Chain Analysis
    • 8.12. Downstream Buyers
    • 8.13. Distributors/Traders List
  • Chapter No. 9 : Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Thermal Storage Market: Company Market Share, 2019
      • 9.1.2. Global Thermal Storage Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 9.1.3. Global Thermal Storage Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Thermal Storage Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Device Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 : Company Profiles
    • 10.1. Calmac
      • 10.1.1. Company Overview
      • 10.1.2. Key Executives
      • 10.1.3. Device Portfolio
      • 10.1.4. Financial Overview
      • 10.1.5. Operating Business Segments
      • 10.1.6. Business Performance
      • 10.1.7. Recent Developments
    • 10.2. DN Tanks
    • 10.3. Ice Energy Huldings. Inc
    • 10.4. Steffes Corporation
    • 10.5. Burns & McDonnell
    • 10.6. Fafco
    • 10.8. Moixa Energy Hulding Ltd
    • 10.9. Trinabess
    • 10.10. SENEC.IES
  • Chapter No. 11 : Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 : Research Methodology
    • 12.1. Research Methodology
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

Table Of Figures

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Storage Material
FIG NO. 2. Market Attractiveness Analysis, By Technology
FIG NO. 3. Market Attractiveness Analysis, By Application
FIG NO. 4. Market Attractiveness Analysis, By Region 
FIG NO. 5. Global Thermal Storage Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 6. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 7. Market Revenue Share, By Storage Material, 2020 & 2028
FIG NO. 8. Global Thermal Storage Market for Water, Revenue (USD Billion) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Thermal Storage Market for Water, By Country, 2020 & 2028
FIG NO. 10. Global Thermal Storage Market for Molten Salt, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Thermal Storage Market for Molten Salt, By Country, 2020 & 2028
FIG NO. 12. Global Thermal Storage Market for Phase Change Material, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Thermal Storage Market for Phase Change Material, By Country, 2020 & 2028 
FIG NO. 16. Market Revenue Share, By Technology, 2020 & 2028
FIG NO. 17. Global Thermal Storage Market for SENSIBLE HEAT, Revenue (USD Billion) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of Thermal Storage Market for SENSIBLE HEAT, By Country, 2020 & 2028
FIG NO. 19. Global Thermal Storage Market for LATENT HEAT, Revenue (USD Billion) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Thermal Storage Market for LATENT HEAT, By Country, 2020 & 2028
FIG NO. 21. Global Thermal Storage Market for Thermo Chemical Heat, Revenue (USD Billion) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Thermal Storage Market for Thermo Chemical Heat, By Country, 2020 & 2028
FIG NO. 23. Market Revenue Share, By Application, 2020 & 2028
FIG NO. 24. Global Thermal Storage Market for Power Generation, Revenue (USD Billion) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Thermal Storage Market for Power Generation, By Country, 2020 & 2028
FIG NO. 26. Global Thermal Storage Market for District Heating & Cooling, Revenue (USD Billion) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Thermal Storage Market for District Heating & Cooling, By Country, 2020 & 2028
FIG NO. 28. Global Thermal Storage Market for Process Heating & Cooling, Revenue (USD Billion) 2016 – 2028
FIG NO. 29. Comparative Revenue Analysis of Thermal Storage Market for Process Heating & Cooling, By Country, 2020 & 2028
FIG NO. 30. Global Thermal Storage Market Revenue Share, By Region, 2020 & 2028
FIG NO. 31. North America Thermal Storage Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 32. Porter’s Five Forces Analysis for Global Thermal Storage Market
FIG NO. 33. PEST Analysis for Global Thermal Storage Market
FIG NO. 34. Pricing Analysis for Global Thermal Storage Market
FIG NO. 35. Value Chain Analysis for Global Thermal Storage Market 
FIG NO. 36. Company Share Analysis, 2019
FIG NO. 37. Radar Determinant Chart, 2019
FIG NO. 38. Company Strategic Developments – Heat Map Analysis
FIG NO. 39. Business Segment Revenue Share, 2020 (%)
FIG NO. 40. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 41. Market Channels
FIG NO. 42. Marketing Channel Development Trend
FIG NO. 43. Growth in World Gross Device, 2008-2018
FIG NO. 44. Research Methodology – Details Advanced Wound Dressings View
FIG NO. 45. Research Methodology
 


Table Of Tables

List of Tables 

TABLE NO. 1. Global Thermal Storage Market: Snapshot
TABLE NO. 2. Quarterly Thermal Storage Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Thermal Storage Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Thermal Storage Market for Water, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Thermal Storage Market for Molten Salt, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Thermal Storage Market for Phase Change Material, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Thermal Storage Market for SENSIBLE HEAT, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Thermal Storage Market for LATENT HEAT, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Thermal Storage Market for Thermo Chemical Heat, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12: Global Thermal Storage Market for Power Generation, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13: Global Thermal Storage Market for District Heating & Cooling, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Thermal Storage Market for Process Heating & Cooling, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global Thermal Storage Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. North America Thermal Storage Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 17. North America Thermal Storage Market Revenue, By Storage Material, 2016 – 2028 (USD Billion)
TABLE NO. 18. North America Thermal Storage Market Revenue, By Technology, 2016 – 2028 (USD Billion)
TABLE NO. 19. North America Thermal Storage Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 20. U.S. Thermal Storage Market Revenue, By Storage Material, 2016 – 2028 (USD Billion)
TABLE NO. 21. U.S. Thermal Storage Market Revenue, By Technology, 2016 – 2028 (USD Billion)
TABLE NO. 22. U.S. Thermal Storage Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 23. Canada  Thermal Storage Market Revenue, By Storage Material, 2016 – 2028 (USD Billion)
TABLE NO. 24. Canada Thermal Storage Market Revenue, By Technology, 2016 – 2028 (USD Billion)
TABLE NO. 25. Canada Thermal Storage Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 26. Mexico Thermal Storage Market Revenue, By Storage Material, 2016 – 2028 (USD Billion) 
TABLE NO. 27. Mexico Thermal Storage Market Revenue, By Technology, 2016 – 2028 (USD Billion)
TABLE NO. 28. Mexico Thermal Storage Market Revenue, By Application, 2016 – 2028 (USD Billion)
TABLE NO. 29. Drivers for the Thermal Storage Market: Impact Analysis
TABLE NO. 30. Restraints for the Thermal Storage Market: Impact Analysis
TABLE NO. 31. Major Buyers of Thermal Storage
TABLE NO. 32. Distributors/Traders List of Thermal Storage     
TABLE NO. 33. Global Thermal Storage Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 34 Global Thermal Storage Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
 

Methodology

FrequentlyAsked Questions

The global Thermal Storage market was valued at US$ 5.86 Billion in 2023.

 

 

The global Thermal Storage market is expected to reach US$ 13.03 Billion by 2032 at a CAGR of about 9.28% from 2024 to 2032.

Shifting preference towards renewable energy generation, including concentrated solar power, and rising demand for thermal energy storage (TES) systems in HVAC are among the key factors propelling the industry growth.  

The Middle East and Africa has been leading the worldwide Thermal Storage market and is anticipated to continue in the dominant position in the years to come.

Some of the major players involved in the global thermal storage market include Calmac, DN Tanks, Ice Energy Holdings. Inc, Steffes Corporation, Burns & McDonnell, Fafco, Moixa Energy Holding Ltd, Trinabess, SENEC.IES, Redflow Limited, Murata Manufacturing, Statoil ASA, Abengoa Solar, CircuiTree and Duke Energy Corporation.

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