Global Thermal Energy Storage (TES) Market to Reach US$8.2 Billion by 2030
The global market for Thermal Energy Storage (TES) estimated at US$5.4 Billion in the year 2024, is expected to reach US$8.2 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2024-2030. Water, one of the segments analyzed in the report, is expected to record a 6.3% CAGR and reach US$3.3 Billion by the end of the analysis period. Growth in the Molten Salt segment is estimated at 7.4% CAGR over the analysis period.
The U.S. Market is Estimated at US$1.7 Billion While China is Forecast to Grow at 8.7% CAGR
The Thermal Energy Storage (TES) market in the U.S. is estimated at US$1.7 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$890.3 Million by the year 2030 trailing a CAGR of 8.7% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.7% and 6.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.6% CAGR.
Global Thermal Energy Storage (TES) Market - Key Trends & Drivers Summarized
Why Is Thermal Energy Storage Crucial For Sustainable Energy Solutions?
Thermal Energy Storage (TES) is emerging as a critical technology for enhancing the sustainability and efficiency of energy systems. TES systems store thermal energy by heating or cooling a storage medium, enabling the energy to be used at a later time. This capability is particularly valuable for balancing supply and demand in renewable energy systems, where production can be intermittent. By storing excess energy during periods of low demand or high production, TES can provide a steady supply of energy during peak demand periods or when renewable sources are not producing. This helps to stabilize the grid, reduce reliance on fossil fuels, and minimize greenhouse gas emissions. Furthermore, TES can be used in various applications, including residential heating and cooling, industrial processes, and large-scale power plants, making it a versatile and integral component of the transition to a more sustainable energy future.
How Is The Development Of Molten Salt Storage Impacting The TES Industry?
One of the most exciting trends in Thermal Energy Storage is the development and application of molten salt storage systems. Molten salt TES is particularly effective for high-temperature applications, such as those in concentrated solar power (CSP) plants. These systems use salts heated to high temperatures to store thermal energy, which can then be used to generate electricity even when the sun is not shining. This technology allows CSP plants to operate around the clock, significantly enhancing their reliability and efficiency. Molten salt systems have a high heat capacity and can store large amounts of energy at a relatively low cost, making them an attractive option for large-scale energy storage. The ability to store energy for extended periods without significant losses further strengthens their appeal. As CSP technology continues to advance, the integration of molten salt storage is expected to play a critical role in the expansion and viability of solar power as a major renewable energy source.
What Are The Emerging Trends In Thermal Energy Storage?
The field of Thermal Energy Storage is witnessing several emerging trends that are shaping its development and adoption. One significant trend is the increasing integration of TES with renewable energy systems, particularly solar and wind power. By storing excess energy generated during peak production times, TES helps to mitigate the variability of renewable sources and ensures a reliable supply of energy. Another trend is the growing use of TES in district heating and cooling networks, which provide efficient thermal energy distribution in urban areas. This approach not only enhances energy efficiency but also reduces the carbon footprint of heating and cooling systems. Additionally, the development of hybrid TES systems, which combine different storage technologies to optimize performance and cost, is gaining traction. These systems can leverage the strengths of various storage methods, such as combining TES with battery storage, to provide more flexible and reliable energy solutions. Furthermore, advancements in thermal storage materials and system designs are expanding the range of applications for TES, from residential buildings to large industrial processes and power plants.
What Factors Are Driving Growth In The Thermal Energy Storage Market?
The growth in the Thermal Energy Storage market is driven by several factors that highlight the increasing demand for efficient and sustainable energy solutions. Firstly, the rising adoption of renewable energy sources, such as solar and wind power, is driving the need for effective energy storage solutions to manage the intermittent nature of these sources. TES provides a reliable way to store and dispatch energy as needed, making it a crucial component of renewable energy systems. Secondly, advancements in TES technology, including improved storage materials and system designs, are enhancing the efficiency and cost-effectiveness of TES solutions, making them more attractive to consumers and industries. The increasing focus on energy efficiency and the need to reduce greenhouse gas emissions are also promoting the adoption of TES in various applications, from residential heating and cooling to industrial processes and power generation. Additionally, government incentives and regulatory support for clean energy technologies are encouraging investment in TES projects, further boosting market growth. Lastly, the expansion of district heating and cooling networks in urban areas is creating new opportunities for TES, as these systems require efficient thermal energy storage to optimize performance and reduce environmental impact. These factors collectively contribute to the robust growth and ongoing innovation in the Thermal Energy Storage market.
SCOPE OF STUDY:
The report analyzes the Thermal Energy Storage (TES) market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Type (Water, Molten Salt, Phase Change Material (PCM)); Technology (Sensible, Latent, Thermochemical); End-Use (Utility, Commercial & Industrial, Residential)
Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia-Pacific; Rest of World.
Select Competitors (Total 50 Featured) -
- Burns & McDonnell
- Caldwell Energy Company
- Cryogel Thermal Energy Storage
- Evapco
- Fafco
- Fluence Energy, LLC
- Goss Engineering
- ENGIE Group
- Trane Technologies PLC
- McDermott International, Inc.
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TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- Tariff Impact on Global Supply Chain Patterns
- Superior Attributes and Multiple Benefits of Thermal Energy Storage Technology Drive Widespread Market Adoption
- Thermal Energy Storage (TES): Efficient and Economical Capture of Energy during Lean Period for Fueling Cooling Needs of the Peak Period
- Expanding Share of Intermittent Renewable Energy Sources and the Resulting Need for Energy Storage: The Fundamental Growth Driver
- Global Energy Production by Energy Source (2017, 2020, 2030 and 2040): Breakdown of Electricity (Billion Kilowatt Hours) and Percentage Share for Petroleum, Nuclear, Natural Gas, Coal and Renewables
- Targets for Electricity Production from Renewable Energy Sources Worldwide by Country
- Booming Renewable Energy Sector Benefits Penetration of Energy Storage Technologies
- Energy Storage Technologies: Classification
- Key Energy Storage Technologies & Applications for Electrical, Chemical, Electrochemical, Mechanical and Thermal Energy
- Thermal Energy Storage Vital for Development Efficient, Disruption-Resistant Grids
- Thermal Energy Storage: Current Market Scenario and Outlook
- Recent Market Activity
- United States: The Single Largest TES Market
- Developing Regions Offer Huge Untapped Market Growth Potential for TES
- Despite Competition from Latent Heat Storage, Sensible Heat Technology Sustains Dominance
- Various Thermal Storage Technologies: Brief Details of Efficiency, Storage Time, Power and Capacity
- Offering Better Alternative to Molten Salt Model, PCM Systems Emerge as Fastest Growing Segment
- Thermal Energy Storage (TES): Product Overview
- Thermal Storage Technologies
- TES Systems for Ice/Cool Storage
- Solar Power TES Systems
- Inter-Seasonal Thermal Storage Systems
- Small-Scale Thermal Energy Storage (TES) Systems
- High-Temperature Thermal Energy Storage
- Full and Partial Thermal Energy Storage Systems
- Thermal Storage Media
- Competitive Landscape
- Thermal Energy Storage (TES) - Global Key Competitors Percentage Market Share in 2025 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- Key Drivers for TES Market
- Market Restrains
- CSP Combines with TES to Provide Grid Flexibility
- Methods to Store Heat: Key Storage Means
- Utilities: Largest & Fastest Growing End-Use Sector for Thermal Energy Storage Systems
- Energy Storage Market to Chart Growth Path in 2024 and Beyond
- Need for Improved Energy Management amidst Increasing Demand for Electricity Benefits Market Expansion
- Global Energy Demand & Growth (In Million Tonnes of Oil Equivalent (Mtoe)) for the Years 1990, 2000, 2010, 2020, 2030 and 2040
- Smart Grids Elevate the Prospects for TES Systems
- Global Spend on Smart Grid Technologies by Region (2022 and 2024): Percentage Breakdown of Cumulative Spending for Asia-Pacific (incl. China), Europe, Latin America, and North America
- Growing Investments in Renewable Energy Projects Drive Strong Demand for TES Solutions
- TES Gains Traction in Managing Inconsistencies of Wind & Solar Power Generation
- Global Levelized Cost (US$ Per MWh) of Energy Storage Technologies in Utilities by Type: 2015 and 2030
- TES Pairing with Solar Generation: Opportunities Galore for Electric Utilities
- Important Role of TES in Commercialization of Solar Thermal Energy Plants
- Growing Trend towards Green/LEED Buildings Offer Lucrative Market Growth Opportunities
- TES Techniques Offer Increased Efficiency in Buildings
- Demand for TES in HVAC & Refrigeration Systems on the Rise
- TES' Energy Efficiency Augments its Application
- TES Set to Address Peak Demand for Air Conditioning
- Utility Load Factors
- Stable and Secure Grid
- Impact of Climate Change on Air Conditioning
- Developments in Controls
- TES Extends Cost & Energy Savings to Cold Storage Chains
- Growing Investments on Smart Cities to Fuel Large-Scale Adoption of TES Systems
- Number of Smart Cities Worldwide by Geographic Region (2025E)
- Educational Institutes Seek to Leverage TES to Achieve Associated Cost Savings
- Favorable Demographic and Urbanization Trends Aid Market Growth
- World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
- Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
- Innovations & Advancements
- Recent Select Innovations in Brief
- Notable TES Innovations of Recent Past
- Issues & Challenges: A Note on Factors Hampering Market Prospects for TES Technologies
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 2: World Historic Review for Thermal Energy Storage (TES) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 3: World 15-Year Perspective for Thermal Energy Storage (TES) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2015, 2025 & 2030
- TABLE 4: World Recent Past, Current & Future Analysis for Water by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 5: World Historic Review for Water by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 6: World 15-Year Perspective for Water by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
- TABLE 7: World Recent Past, Current & Future Analysis for Molten Salt by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 8: World Historic Review for Molten Salt by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 9: World 15-Year Perspective for Molten Salt by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
- TABLE 10: World Recent Past, Current & Future Analysis for Phase Change Material (PCM) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 11: World Historic Review for Phase Change Material (PCM) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 12: World 15-Year Perspective for Phase Change Material (PCM) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
- TABLE 13: World Recent Past, Current & Future Analysis for Sensible by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 14: World Historic Review for Sensible by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 15: World 15-Year Perspective for Sensible by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
- TABLE 16: World Recent Past, Current & Future Analysis for Latent by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 17: World Historic Review for Latent by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 18: World 15-Year Perspective for Latent by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
- TABLE 19: World Recent Past, Current & Future Analysis for Thermochemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 20: World Historic Review for Thermochemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 21: World 15-Year Perspective for Thermochemical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
- TABLE 22: World Recent Past, Current & Future Analysis for Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 23: World Historic Review for Utility by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 24: World 15-Year Perspective for Utility by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
- TABLE 25: World Recent Past, Current & Future Analysis for Commercial & Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 26: World Historic Review for Commercial & Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 27: World 15-Year Perspective for Commercial & Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
- TABLE 28: World Recent Past, Current & Future Analysis for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 29: World Historic Review for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 30: World 15-Year Perspective for Residential by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2015, 2025 & 2030
- TABLE 31: World Thermal Energy Storage (TES) Market Analysis of Annual Sales in US$ Thousand for Years 2015 through 2030
III. MARKET ANALYSIS
- UNITED STATES
- Thermal Energy Storage (TES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
- The Urgent Need to Reduce Water and Electricity Consumption Drive Strong Demand for TES Solutions
- Thermal Energy Storage to Offset Escalating Electricity Cost
- Different Types of TES Systems for Use in CSPs
- Rising Number of Thermal Energy Storage Projects Benefit Market Prospects
- Efficiency of TES Highly Influenced by Climatic Conditions
- New Emission Regulations Bodes Well for the Energy Storage Solutions Market
- NYC Utility's Ambitious Plans for Energy Efficiency
- Incentives under ConEd's Demand Management Program by Storage Technology
- Long-term Outlook for Solar Energy to Drive Demand
- Favorable US Policies to Improve Solar Power Generation Capabilities
- TES Solutions Offer Immense Potential for Earning Green Building LEED Certification
- Ice Cub & Ice Bear Energy Storage Systems: TES Innovations from Ice Energy
- Energy Storage Market in the US: A Macro Perspective
- Current Value and Application of Storage Systems
- Impediments to Energy Storage
- Demand for Distributed Energy Storage to Surge despite the Crisis
- Increased Focus on Distributed Storage in the State of California
- TABLE 32: USA Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 33: USA Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 34: USA 15-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2025 & 2030
- TABLE 35: USA Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 36: USA Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 37: USA 15-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2025 & 2030
- TABLE 38: USA Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 39: USA Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 40: USA 15-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2025 & 2030
- CANADA
- TABLE 41: Canada Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 42: Canada Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 43: Canada 15-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2025 & 2030
- TABLE 44: Canada Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 45: Canada Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 46: Canada 15-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2025 & 2030
- TABLE 47: Canada Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 48: Canada Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 49: Canada 15-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2025 & 2030
- JAPAN
- Thermal Energy Storage (TES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
- Japan's Focus on Renewable Energy Drives Healthy Market Growth for TES Systems
- TABLE 50: Japan Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 51: Japan Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 52: Japan 15-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2025 & 2030
- TABLE 53: Japan Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 54: Japan Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 55: Japan 15-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2025 & 2030
- TABLE 56: Japan Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 57: Japan Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 58: Japan 15-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2025 & 2030
- CHINA
- Thermal Energy Storage (TES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
- Market Overview
- TABLE 59: China Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 60: China Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 61: China 15-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2025 & 2030
- TABLE 62: China Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 63: China Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 64: China 15-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2025 & 2030
- TABLE 65: China Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 66: China Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 67: China 15-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2025 & 2030
- EUROPE
- Thermal Energy Storage (TES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
- Europe's Goal to Reduce Carbon Emissions Boost Demand for Thermal Energy Storage
- Three TES-based Approaches Proposed for Improving Energy Efficiency
- Potential of Thermal Energy Storage Undermined by European Regulatory System
- TABLE 68: Europe Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2024 through 2030 and % CAGR
- TABLE 69: Europe Historic Review for Thermal Energy Storage (TES) by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 70: Europe 15-Year Perspective for Thermal Energy Storage (TES) by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2015, 2025 & 2030
- TABLE 71: Europe Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 72: Europe Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 73: Europe 15-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2025 & 2030
- TABLE 74: Europe Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 75: Europe Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 76: Europe 15-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2025 & 2030
- TABLE 77: Europe Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 78: Europe Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 79: Europe 15-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2025 & 2030
- FRANCE
- Thermal Energy Storage (TES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
- TABLE 80: France Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 81: France Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 82: France 15-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2025 & 2030
- TABLE 83: France Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 84: France Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 85: France 15-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2025 & 2030
- TABLE 86: France Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 87: France Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 88: France 15-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2025 & 2030
- GERMANY
- Thermal Energy Storage (TES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
- Market Overview
- TABLE 89: Germany Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 90: Germany Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 91: Germany 15-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2025 & 2030
- TABLE 92: Germany Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 93: Germany Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 94: Germany 15-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2025 & 2030
- TABLE 95: Germany Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 96: Germany Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 97: Germany 15-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2025 & 2030
- ITALY
- TABLE 98: Italy Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 99: Italy Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 100: Italy 15-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2025 & 2030
- TABLE 101: Italy Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 102: Italy Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 103: Italy 15-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2025 & 2030
- TABLE 104: Italy Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 105: Italy Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 106: Italy 15-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2025 & 2030
- UNITED KINGDOM
- Thermal Energy Storage (TES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
- Market Overview
- TABLE 107: UK Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 108: UK Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 109: UK 15-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2025 & 2030
- TABLE 110: UK Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 111: UK Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 112: UK 15-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2025 & 2030
- TABLE 113: UK Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 114: UK Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 115: UK 15-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2025 & 2030
- REST OF EUROPE
- TABLE 116: Rest of Europe Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 117: Rest of Europe Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 118: Rest of Europe 15-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2025 & 2030
- TABLE 119: Rest of Europe Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 120: Rest of Europe Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 121: Rest of Europe 15-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2025 & 2030
- TABLE 122: Rest of Europe Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 123: Rest of Europe Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 124: Rest of Europe 15-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2025 & 2030
- ASIA-PACIFIC
- Thermal Energy Storage (TES) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
- Unpenetrated and Underpenetrated Asian Countries Offer Huge Untapped Market Growth Opportunities
- Need for Technological Improvements for Realizing Cost Reductions
- Flourishing Solar Power Market Offers Growth Opportunities
- Australia
- India
- COVID-19 and The Energy Storage Industry in India
- TABLE 125: Asia-Pacific Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 126: Asia-Pacific Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 127: Asia-Pacific 15-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2025 & 2030
- TABLE 128: Asia-Pacific Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 129: Asia-Pacific Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 130: Asia-Pacific 15-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2025 & 2030
- TABLE 131: Asia-Pacific Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 132: Asia-Pacific Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 133: Asia-Pacific 15-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2025 & 2030
- REST OF WORLD
- South Africa: Thermal Energy Storage Delivers Reliable and Affordable Electricity
- TABLE 134: Rest of World Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 135: Rest of World Historic Review for Thermal Energy Storage (TES) by Type - Water, Molten Salt and Phase Change Material (PCM) Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 136: Rest of World 15-Year Perspective for Thermal Energy Storage (TES) by Type - Percentage Breakdown of Value Sales for Water, Molten Salt and Phase Change Material (PCM) for the Years 2015, 2025 & 2030
- TABLE 137: Rest of World Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 138: Rest of World Historic Review for Thermal Energy Storage (TES) by Technology - Sensible, Latent and Thermochemical Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 139: Rest of World 15-Year Perspective for Thermal Energy Storage (TES) by Technology - Percentage Breakdown of Value Sales for Sensible, Latent and Thermochemical for the Years 2015, 2025 & 2030
- TABLE 140: Rest of World Recent Past, Current & Future Analysis for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential - Independent Analysis of Annual Sales in US$ Thousand for the Years 2024 through 2030 and % CAGR
- TABLE 141: Rest of World Historic Review for Thermal Energy Storage (TES) by End-Use - Utility, Commercial & Industrial and Residential Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2023 and % CAGR
- TABLE 142: Rest of World 15-Year Perspective for Thermal Energy Storage (TES) by End-Use - Percentage Breakdown of Value Sales for Utility, Commercial & Industrial and Residential for the Years 2015, 2025 & 2030
IV. COMPETITION