How big is the Thermal Energy Storage Market?

The Thermal Energy Storage Market size is expected to reach USD 1.12 billion in 2024 and grow at a CAGR of 6.25% to reach USD 1.51 billion by 2029. Read More

What is the current Thermal Energy Storage Market size?

In 2024, the Thermal Energy Storage Market size is expected to reach USD 1.12 billion. Read More

Who are the key players in Thermal Energy Storage Market?

BrightSource Energy Inc., Abengoa SA, Baltimore Aircoil Company, Terrafore Technologies LLC and SR Energy are the major companies operating in the Thermal Energy Storage Market. Read More

Which is the fastest growing region in Thermal Energy Storage Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Thermal Energy Storage Market?

In 2024, the Europe accounts for the largest market share in Thermal Energy Storage Market. Read More

What years does this Thermal Energy Storage Market cover, and what was the market size in 2023?

In 2023, the Thermal Energy Storage Market size was estimated at USD 1.05 billion. The report covers the Thermal Energy Storage Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Thermal Energy Storage Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the innovative developments in the Thermal Energy Storage Market?

The innovative developments in the Thermal Energy Storage Market are a) Advancements in storage materials and technologies, such as the development of high-temperature phase change materials (PCMs) and advanced molten salt systems b) Growing focus on decentralized energy systems c) The use of thermal energy storage in conjunction with renewable energy microgrids Read More

Thermal Energy Storage Market Share

Statistics for the 2023 & 2024 Thermal Energy Storage market share, created by Mordor Intelligence™ Industry Reports. Thermal Energy Storage share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Thermal Energy Storage Industry

The thermal energy storage market is moderately consolidated. Some of the key players (not in particular order) are BrightSource Energy Inc., Abengoa SA, Baltimore Aircoil Company, Terrafore Technologies LLC, and SR Energy.