能源儲存市場報告：2031 年趨勢、預測與競爭分析

全球熱能能源儲存市場前景光明，在公共產業、商業和工業市場都存在機會。預計到 2031 年，全球熱能能源儲存市場規模將達到 5.666 億美元，2025 年至 2031 年的複合年成長率為 13.9%。該市場的主要驅動力是 HVAC 系統的使用日益增多以及綠色建築對能源儲存的需求日益成長。

• Lucintel 表示，根據應用，預測期內發電仍將是最大的細分市場。
• 根據最終用途，預計公用事業在預測期內仍將是最大的部分。
• 根據地區，預計歐洲在預測期內仍將是最大的地區。

熱能能源儲存市場的策略性成長機會

熱能能源儲存市場在不同的應用領域呈現各種策略成長機會。這是由對永續能源解決方案的持續高需求和各個領域的技術成長所推動的。世界各國紛紛制定能源戰略，將再生能源來源和TES系統作為有效管理能源供需的基本工具。主要成長領域包括住宅供暖和製冷、工業流程、區域能源系統、聚光型太陽光電(CSP) 和電動汽車 (EV) 充電基礎設施。透過參與這些領域，相關人員可以獲得經濟利益，同時為更永續的能源環境做出貢獻。本簡報確定了 TES 市場中的五個主要成長機會並討論了它們的潛在影響。

• 住宅供暖和製冷：在住宅領域，熱能能源儲存的應用為滿足供暖和製冷需求提供了巨大的成長機會。隨著越來越多的住宅尋求節能解決方案，TES 系統透過儲存非尖峰時段產生的多餘熱量以供高峰需求時使用，有效地調節能源消耗。熱水箱和住宅相變材料等 TES 技術日益普及，為節能和提高舒適度提供了更大的潛力。此外，隨著政府推出能源效率獎勵，住宅環境中採用 TES 解決方案預計將獲得發展勢頭，從而創造更永續的能源環境。
• 工業應用：隨著能源效率的提高和營業成本的降低，人們對熱能能源儲存在工業製程的應用越來越感興趣。製造業、食品加工和化學製造等行業擴大考慮引入 TES 系統來儲存營運過程中產生的多餘熱量。這種轉變不僅會降低成本，還會最大限度地減少工業製程的碳排放。隨著行業不斷追求永續性和效率，對 TES 技術的需求預計將成長，從而刺激該領域的進一步研究和投資機會。
• 區域能源系統：區域能源系統透過單一集中電源為多棟建築物供暖和製冷，這對 TES 來說是一個令人興奮的成長機會。將 TES 整合到區域供熱和製冷網路中，可使營運商最佳化能源使用並最大限度地減少對石化燃料的依賴。透過在低需求時段將熱能儲存在TES中並在高峰時段使用，可以顯著提高整體能源供應的效率，有助於穩定電網。隨著都市化的不斷推進，區域能源系統的需求也日益成長，使得區域能源系統成為現代基礎設施的重要組成部分。
• 聚光型太陽熱能發電（CSP）：CSP計劃的擴張為熱能能源儲存的發展提供了許多機會。 CSP 技術使用鏡子或透鏡將陽光集中到熱表面並將其儲存為熱量，即使在陰天也可以用來發電。太陽能高峰時段產生的能量透過 CSP 電廠的 TES 系統存儲，並在最需要時或太陽能輸出較低時提供。隨著世界轉向可再生能源，對 CSP 及其整合 TES 的投資預計將飆升，這些系統將成為解決方案的關鍵組成部分。
• 電動車 (EV) 充電基礎設施：電動車 (EV) 的興起代表能源儲存的新前沿，尤其是在充電基礎設施方面。將 TES 納入電動車充電站，可以透過在非高峰時段儲存熱能並在高峰時段使用它來支援充電操作，從而有效地管理能源負荷。這將提高充電站的效率並支持將再生能源來源納入充電過程。隨著越來越多的電動車擁抱這一趨勢，TES 將在最佳化充電站能源使用方面發揮越來越重要的作用。

多樣化的應用和技術創新潛力為熱能能源儲存市場帶來了策略成長機會。住宅供暖、工業流程、區域能源系統、聚光型太陽光電和電動汽車充電基礎設施等機會將幫助相關人員推進 TES 技術的應用，提供更有效率和永續的能源使用，同時為低碳能源的未來做出貢獻。

熱能能源儲存市場促進因素與挑戰

由於對能源效率、永續性和能源安全的需求不斷增加，熱能能源儲存(TES) 市場有望經歷指數級成長。然而，技術限制、成本和政策障礙等若干挑戰也在影響市場動態。了解市場促進因素和挑戰將有助於相關人員制定有效的策略，以加強 TES 技術的部署並利用市場機會。

驅動程式

• 對能源效率的需求不斷增加：隨著政府和企業追求更節能的方法，對 TES 解決方案的需求也不斷成長。 TES可以有效儲存再生能源來源所產生的剩餘能源，實現更有效率的能源利用。
• 再生能源來源的整合：增加對太陽能和風能等再生能源來源的依賴需要有效的能源儲存解決方案。 TES 對於管理這些能源來源的間歇性以及確保即使在產量低的時候也能可靠地供應能源至關重要。
• 政府支持政策：政府獎勵和政策促進能源效率和可再生能源的採用，是市場的主要驅動力。財政獎勵和法律規範將鼓勵對 TES 技術的投資並推動市場成長。
• 更加關注永續性和氣候目標：對氣候變遷日益成長的擔憂正在加速向永續能源系統的轉變。能源儲存對於能源系統脫碳至關重要，對於實現氣候變遷目標也至關重要。
• 技術進步：材料科學和工程領域的持續創新正在促進更有效率的 TES 系統的開發。相變材料和其他技術的進步正在提高性能，使 TES 成為各種應用的更具吸引力的選擇。

任務

• 初始成本高：安裝熱能能源儲存系統所需的資本投資對許多企業和組織來說可能是一個障礙。儘管 TES 解決方案可以帶來長期節省，但高昂的前期成本可能會阻礙潛在的採用者。
• 技術限制：一些現有的TES技術在效率和擴充性方面有限制，限制了其廣泛應用。需要持續的研究和開發來解決這些限制並提高整體性能。
• 缺乏意識和理解：許多潛在用戶可能沒有完全了解 TES 的好處或如何將其整合到現有的能源系統中。缺乏這種認知可能會阻礙市場的成長和採用。
• 監管與政策障礙：雖然一些政府政策支持 TES，但其他政策卻成為市場進入的障礙。不一致的監管和缺乏支援可能會給考慮投資 TES 技術的相關人員帶來挑戰。
• 來自替代能源儲存解決方案的競爭：各種能源儲存技術（如鋰離子電池和其他先進系統）的興起對 TES 構成了競爭。隨著這些替代能源變得越來越普及，TES 可能會面臨差異化其價值提案的挑戰。

了解熱能能源儲存市場的關鍵促進因素和挑戰對於希望有效駕馭這一不斷變化的情況的相關人員至關重要。透過利用市場驅動力和應對挑戰，相關人員可以在塑造熱能能源儲存的未來和為更永續的能源未來做出貢獻方面發揮關鍵作用。

目錄

第1章執行摘要

第2章 全球能源儲存市場：市場動態

• 簡介、背景和分類
• 供應鏈
• 產業驅動力與挑戰

第3章市場趨勢與預測分析（2019-2031）

• 宏觀經濟趨勢（2019-2024）及預測（2025-2031）
• 全球熱能能源儲存市場趨勢（2019-2024）及預測（2025-2031）
• 全球熱能能源儲存市場（按技術）
  • 顯熱儲存
  • 潛熱儲存
  • 熱化學儲存
• 全球能源儲存市場（按熱能儲存材料）
  • 水
  • 熔鹽
  • 相變材料
  • 其他
• 全球能源儲存市場（按應用）
  • 發電
  • 區域供熱和製冷
  • 製程加熱和冷卻
  • 其他
• 全球能源儲存市場（按最終用途分類）
  • 實用工具
  • 商業
  • 產業
  • 其他

第4章區域市場趨勢與預測分析（2019-2031）

• 全球能源儲存市場（按地區）
• 北美熱能能源儲存市場
• 歐洲熱能能源儲存市場
• 亞太熱能能源儲存市場
• 世界其他地區的熱能能源儲存市場

第5章 競爭分析

• 產品系列分析
• 營運整合
• 波特五力分析

第6章 成長機會與策略分析

• 成長機會分析
  • 全球熱能能源儲存市場成長機會（按技術）
  • 全球熱能能源儲存市場的成長機會（按熱能儲存材料）
  • 全球熱能能源儲存市場的成長機會（按應用）
  • 全球熱能能源儲存市場成長機會（依最終用途分類）
  • 全球能源儲存市場各區域成長機會
• 全球熱能能源儲存市場的新趨勢
• 戰略分析
  • 新產品開發
  • 全球熱能能源儲存市場產能擴張
  • 全球熱能能源儲存市場的企業合併
  • 認證和許可

第7章主要企業簡介

• Abengoa Solar
• Burns & McDonnell
• SolarReserve
• BrightSource Energy
• Calmac
• MAN Energy Solutions
• Baltimore Air Coil Technology
• Cristopia Energy
• Cryogel
• Caldwell Energy

The future of the global thermal energy storage market looks promising with opportunities in the utility, commercial, and industrial markets. The global thermal energy storage market is expected to reach an estimated $566.6 million by 2031 with a CAGR of 13.9% from 2025 to 2031. The major drivers for this market are the growing use of HVAC systems and the increasing need for energy storage in green buildings.

• Lucintel forecasts that, within the application category, the power generation will remain the largest segment over the forecast period.
• Within the end use category, utility will remain the largest segment over the forecast period.
• In terms of regions, Europe will remain the largest region over the forecast period.

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Emerging Trends in the Thermal Energy Storage Market

There are transformative trends in the thermal energy storage market that are changing the way energy is managed and consumed. The rise of technological advancements, a shifting landscape, and new policy frameworks, along with an increasing focus on sustainability, are reshaping the way energy is managed and consumed.

• With TES and renewable energy sources: The principles of solar and wind energy are being integrated with thermal energy storage, capturing unused surplus energy created during periods of peak demand in an efficient manner that guarantees a source of power when needed.
• Materials Science Developments: Ongoing innovations in materials science result in more effective thermal energy storage technologies, with breakthroughs in phase-change materials for storing and releasing heat at a specific temperature. Therefore, TES is becoming more applicable across all sectors.
• Policy Support and Incentives: The growth of the thermal energy storage market depends significantly on government policies and incentives. Country regulations are swift, motivating investment in TES technologies through financial incentives like tax credits, grants, and supportive frameworks.
• Focus on Energy Resilience: The growing global focus on energy resilience, including climate change and extreme weather, has increased interest in TES as a necessary backup power solution that maintains energy supply during outages and enhances the reliability of critical infrastructure.
• Decentralization of Energy Systems: The shift toward decentralized energy solutions encourages localized thermal energy storage systems, allowing consumers to have greater control over energy and reducing pressure on the centralized energy grid, particularly in urban centers.

These emerging trends are transforming the thermal energy storage market by facilitating innovation, improving integration into renewable energy sources, and paving the way for supportive policies that promise a bright future for sustainable energy.

Recent Developments in the Thermal Energy Storage Market

The TES market is rapidly developing due to technological advancements, global aspirations for sustainability, and the integration of renewable energy sources. As countries focus more on improving efficiency in the energy sector and reducing carbon emissions, energy supply management has become increasingly dependent on effective TES systems. These systems help overcome intermittency from solar and wind resources, especially for storing excess thermal energy for later use. The growth of large-scale projects and innovations in material sciences are crucial advancements for integration into smart grid technologies. Increased industrial uptake and heightened attention to sustainability are notable recent developments. Taken together, these advances are transforming the TES landscape and becoming essential components in developing energy plans and policies for a secure and resource-efficient energy future.

• Advances in Materials Science: Recent developments in materials science significantly advance thermal energy storage systems. Innovations in phase-change materials (PCMs) and high-performance insulation technologies improve storage capacity and heat transfer efficiency. These materials are capable of absorbing and releasing heat at selected temperatures, making them excellent for residential heating and various industrial applications. New, lower-cost PCMs help reduce overall system costs, making TES solutions competitive with other energy storage technologies. As materials evolve, efficiency and effectiveness in TES systems will increase, leading to wider application across many sectors and a more effective contribution to energy sustainability.
• Large-scale Project Scale-Up: The scaling up of large-scale Thermal Energy Storage projects, particularly in concentrated solar power (CSP) plants, represents an important development for the TES market. These projects, which store energy produced by molten salt or other advanced mediums, allow excess daytime energy to be accumulated and used at nighttime or during peak demand. Therefore, reliance on fossil fuels is avoided while enhancing the efficiency of these renewable sources. Examples include several new projects under development in the United States, China, and Spain. Massive TES systems will support grid stability while accelerating the growth of renewable energy and helping to achieve national decarbonization targets.
• Coupling with Smart Grids: Coupling with smart grid technologies enables thermal energy storage systems to enhance energy management and distribution. Smart grids facilitate efficient energy flow in real time, controlling demand and fluctuations by optimizing the usage of stored thermal energy. This integration allows for better synchronization of energy generation and consumption, resulting in an advanced level of efficiency in energy systems overall. By employing predictive analytics and automated controls, utilities can reduce peak loads and save on energy costs, benefiting consumers in the long run. The synergetic role of TES with grid management systems will be increasingly crucial in the development of future smart grid technologies.
• Industrial Applications and Increased Adoption: Thermal energy storage is rapidly gaining traction in industries, particularly in energy-intensive sectors like manufacturing and food processing. Industries recognize TES's potential for energy cost savings and enhanced operational efficiency. By utilizing excess heat produced during processes, companies can better manage their energy supplies and reduce demand during peak electricity tariffs. Furthermore, the ability to exploit this stored thermal energy for heating or cooling operations results in significant operational cost savings. As businesses increasingly strive to reduce their carbon footprint, the demand for TES in industrial applications is expected to rise, promoting the adoption of emerging storage technologies and systems.
• Focus on Sustainability and Carbon Neutrality: The rising emphasis on sustainability and carbon neutrality worldwide is expected to drive the thermal energy storage market, as nations increasingly focus on cutting carbon emissions. With this advanced goal, TES has gained importance as a necessary component for meeting strategic targets. TES systems support decarbonization across all sectors of the economy by enabling greater integration of renewable energy sources and enhancing energy efficiency. Additionally, governments are introducing incentives and regulations that encourage the development and entry of TES technologies into the market. As awareness of climate change impacts grows, the focus on sustainability is expected to lead to increased investment in thermal energy storage solutions.

Such emerging trends in the thermal energy storage market are altering the landscape of the field, encouraging innovation, and establishing TES systems as essential components of sustainable energy strategies. The future of thermal energy storage appears bright, driven by technological innovation in materials science, expansive large-scale projects, integration with smart grid technologies, increased industrial uptake, and a growing concern for sustainability. As these developments progress, they will play a crucial role in advancing energy efficiency globally and promoting a low-carbon future.

Strategic Growth Opportunities for Thermal Energy Storage Market

The thermal energy storage market presents various strategic growth opportunities across diverse applications. This is driven by the ongoing high demand for sustainable energy solutions and the growth of technology in each field. Countries worldwide are strategically utilizing energy and incorporating renewable sources and TES systems as fundamental tools for effectively managing energy supply and demand. Key growth sectors include residential heating and cooling, industrial processes, district energy systems, concentrated solar power (CSP), and electric vehicle (EV) charging infrastructure. By capitalizing on these sectors, stakeholders can contribute to a more sustainable energy landscape while benefiting economically. This overview identifies five key growth opportunities in the TES market and explains their potential impacts.

• Residential Heating and Cooling: In the residential sector, the application of thermal energy storage presents significant growth opportunities to meet heating and cooling requirements. More homeowners are seeking energy-efficient solutions, and TES systems efficiently regulate energy consumption by storing surplus heat produced during off-peak hours for later use during peak demand. The increasing popularity of TES technologies, such as hot water tanks and phase change materials for homes, enhances their potential for energy savings and improved comfort. Additionally, as governments embrace incentives for energy efficiency upgrades, the uptake of TES solutions within residential settings is expected to gain momentum, forming a more sustainable energy landscape.
• Industrial Applications: The interest in applying thermal energy storage in industrial processes is growing as improvements in energy efficiency and reduced operational costs are achieved. Industries such as manufacturing, food processing, and chemical production are increasingly considering the installation of TES systems to store excess heat generated during operations, allowing energy usage to be shifted to off-peak times and taking advantage of lower electricity prices. This transition not only cuts costs but also minimizes the carbon footprint of industrial processes. As industries continue to pursue sustainability and efficiency, the demand for TES technologies is expected to grow, stimulating further research and investment opportunities in this sector.
• District Energy Systems: District energy systems, where multiple buildings are heated or cooled from a single centralized source, represent an exciting growth opportunity for TES. Integrating TES with district heating and cooling networks allows operators to optimize energy usage and minimize reliance on fossil fuels. By storing thermal energy in TES during low-demand periods and utilizing it during peak demand, overall energy supply efficiency is significantly improved, leading to grid stability. As urbanization continues to rise, the demand for district energy systems will increase, making TES an integral part of modern infrastructure.
• Concentrated Solar Power (CSP): The expansion of CSP projects presents numerous opportunities for development in thermal energy storage. CSP technology uses mirrors or lenses to focus sunlight onto a hot surface, which can then be stored as heat and used to generate electricity even on cloudy days. Energy generated during peak sunlight hours can be stored through TES systems in CSP plants and delivered when needed most or when solar output is low. As global attention on renewable energy increases, investments in CSP and its integrated TES are expected to surge, positioning these systems as crucial components of the solution.
• Electric Vehicle (EV) Charging Infrastructure: The rise of electric vehicles (EVs) marks a new frontier for thermal energy storage, particularly regarding charging infrastructure. TES can be integrated into EV charging stations to manage energy loads efficiently by storing thermal energy during off-peak times and using it to support charging operations during peak demand. This enhances charging station efficiency and supports the incorporation of renewable energy sources into the charging process. As more electric vehicles embrace this trend, TES will play an increasingly necessary role in optimizing energy use at charging stations.

Diversified applications and innovation potential contribute to the strategic growth opportunities in the thermal energy storage market. Opportunities such as residential heating, industrial processes, district energy systems, concentrated solar power, and electric vehicle charging infrastructure can help stakeholders drive the application of TES technologies, which will provide more efficient and sustainable energy use while contributing to a low-carbon energy future.

Thermal Energy Storage Market Driver and Challenges

The thermal energy storage (TES) market is on the verge of exponential growth, driven by the rising demand for energy efficiency, sustainability, and energy security. However, several challenges are also affecting market dynamics, including technological limitations, costs, and policy barriers. Understanding the drivers and challenges can help stakeholders develop effective strategies to enhance the deployment of TES technologies and capitalize on market opportunities.

Drivers

• Increasing Demand for Energy Efficiency: As governments and businesses pursue energy-efficient practices, the demand for TES solutions is rising. TES can effectively store excess energy generated from renewable sources, allowing for greater energy efficiency in energy consumption.
• Integration of Renewable Energy Sources: The growing reliance on renewable energy sources such as solar and wind necessitates effective energy storage solutions. TES is vital for managing the intermittency of these sources, ensuring a reliable energy supply even when production is low.
• Supportive Government Policies: Government incentives and policies that promote energy efficiency and renewable energy adoption are significant market drivers. Financial incentives and regulatory frameworks can encourage investment in TES technologies, driving market growth.
• Growing Focus on Sustainability and Climate Goals: With increasing concerns over climate change, the transition to sustainable energy systems has gained momentum. Thermal energy storage is essential for decarbonizing energy systems, making it crucial for achieving climate goals.
• Technological Advancements: Ongoing innovations in materials science and engineering contribute to the development of more efficient TES systems. Advances in phase-change materials and other technologies are enhancing performance, making TES a more attractive option for various applications.

Challenges

• High Initial Costs: The capital investment required for implementing thermal energy storage systems can be a barrier for many businesses and organizations. High upfront costs may deter potential adopters despite the long-term savings associated with TES solutions.
• Technological Limitations: Some existing TES technologies face limitations in efficiency and scalability, which can impact their widespread adoption. Ongoing research and development are necessary to address these limitations and improve overall performance.
• Lack of Awareness and Understanding: Many potential users may not fully understand the benefits of TES or how it can integrate with existing energy systems. This lack of awareness can hinder market growth and adoption rates.
• Regulatory and Policy Barriers: While some government policies support TES, others may create barriers to market entry. Inconsistent regulations or lack of support can pose challenges for stakeholders looking to invest in TES technologies.
• Competition from Alternative Energy Storage Solutions: The rise of various energy storage technologies, such as lithium-ion batteries and other advanced systems, presents competition for TES. As these alternatives gain traction, TES may face challenges in differentiating its value proposition.

Understanding the key drivers and challenges in the thermal energy storage market is vital for stakeholders aiming to navigate this evolving landscape effectively. By leveraging market drivers and addressing challenges, stakeholders can play a crucial role in shaping the future of thermal energy storage and contributing to a more sustainable energy future.

List of Thermal Energy Storage Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies thermal energy storage companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the thermal energy storage companies profiled in this report include-

• Abengoa Solar
• Burns & McDonnell
• SolarReserve
• BrightSource Energy
• Calmac
• MAN Energy Solutions
• Baltimore Air Coil Technology
• Cristopia Energy
• Cryogel
• Caldwell Energy

Thermal Energy Storage by Segment

The study includes a forecast for the global thermal energy storage market by technology, storage material, application, end use, and region.

Thermal Energy Storage Market by Technology [Analysis by Value from 2019 to 2031]:

• Sensible Heat Storage
• Latent Heat Storage
• Thermochemical Storage

Thermal Energy Storage Market by Storage Material [Analysis by Value from 2019 to 2031]:

• Water
• Molten Salts
• Phase Change Materials
• Others

Thermal Energy Storage Market by Application [Analysis by Value from 2019 to 2031]:

• Power Generation
• District Heating & Cooling
• Process Heating & Cooling
• Others

Thermal Energy Storage Market by End Use [Analysis by Value from 2019 to 2031]:

• Utilities
• Commercial
• Industrial
• Others

Thermal Energy Storage Market by Region [Analysis by Value from 2019 to 2031]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

Country Wise Outlook for the Thermal Energy Storage Market

Thermal energy storage (TES) has received massive attention worldwide as countries try to enhance energy efficiency and properly integrate renewable sources into their energy systems, especially given rising energy demands and climate change.

• United States: The U.S. market has been growing due to technological innovation and enabling policies, especially with molten salt storage systems for concentrated solar power plants, which allow for extended energy delivery beyond daylight hours.
• China: China remains a significant participant in TES research, investing heavily in R&D of phase change materials (PCMs) and large-scale storage systems to support its renewable energy targets and energy efficiency.
• Germany: Sustainability is the focus in Germany. TES-based supportive technologies, such as innovative seasonal thermal energy storage systems that utilize excess heat generation during warmer months, will be employed to store energy for colder months.
• India: India is increasingly recognizing the potential of TES as a vital component in supporting its solar energy initiatives, including pilot projects for molten salt storage systems in concentrated solar power plants and a growing emphasis on integrating TES with industrial energy processes.
• Japan: Following the post-energy crisis triggered by the Fukushima disaster, energy efficiency and resilience, guided by the maxim of reliability, have led Japan to deploy TES systems in residential heating applications while investing heavily in developing advanced materials that enhance thermal storage performance and reliability.

Features of the Global Thermal Energy Storage Market

Market Size Estimates: Thermal energy storage market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2019 to 2024) and forecast (2025 to 2031) by various segments and regions.

Segmentation Analysis: Thermal energy storage market size by various segments, such as by technology, storage material, application, end use, and region in terms of value ($M).

Regional Analysis: Thermal energy storage market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different technologies, storage materials, applications, end uses, and regions for the thermal energy storage market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the thermal energy storage market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

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This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the thermal energy storage market by technology (sensible heat storage, latent heat storage, and thermochemical storage), storage material (water, molten salts, phase change materials, and others), application (power generation, district heating & cooling, process heating & cooling, and others), end use (utilities, commercial, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Table of Contents

1. Executive Summary

2. Global Thermal Energy Storage Market : Market Dynamics

• 2.1: Introduction, Background, and Classifications
• 2.2: Supply Chain
• 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2019 to 2031

• 3.1. Macroeconomic Trends (2019-2024) and Forecast (2025-2031)
• 3.2. Global Thermal Energy Storage Market Trends (2019-2024) and Forecast (2025-2031)
• 3.3: Global Thermal Energy Storage Market by Technology
  • 3.3.1: Sensible Heat Storage
  • 3.3.2: Latent Heat Storage
  • 3.3.3: Thermochemical Storage
• 3.4: Global Thermal Energy Storage Market by Storage Material
  • 3.4.1: Water
  • 3.4.2: Molten Salts
  • 3.4.3: Phase Change Materials
  • 3.4.4: Others
• 3.5: Global Thermal Energy Storage Market by Application
  • 3.5.1: Power Generation
  • 3.5.2: District Heating & Cooling
  • 3.5.3: Process Heating & Cooling
  • 3.5.4: Others
• 3.6: Global Thermal Energy Storage Market by End Use
  • 3.6.1: Utilities
  • 3.6.2: Commercial
  • 3.6.3: Industrial
  • 3.6.4: Others

4. Market Trends and Forecast Analysis by Region from 2019 to 2031

• 4.1: Global Thermal Energy Storage Market by Region
• 4.2: North American Thermal Energy Storage Market
  • 4.2.1: North American Thermal Energy Storage Market by Application: Power Generation, District Heating & Cooling, Process Heating & Cooling, and Others
  • 4.2.2: North American Thermal Energy Storage Market by End Use: Utilities, Commercial, Industrial, and Others
• 4.3: European Thermal Energy Storage Market
  • 4.3.1: European Thermal Energy Storage Market by Application: Power Generation, District Heating & Cooling, Process Heating & Cooling, and Others
  • 4.3.2: European Thermal Energy Storage Market by End Use: Utilities, Commercial, Industrial, and Others
• 4.4: APAC Thermal Energy Storage Market
  • 4.4.1: APAC Thermal Energy Storage Market by Application: Power Generation, District Heating & Cooling, Process Heating & Cooling, and Others
  • 4.4.2: APAC Thermal Energy Storage Market by End Use: Utilities, Commercial, Industrial, and Others
• 4.5: ROW Thermal Energy Storage Market
  • 4.5.1: ROW Thermal Energy Storage Market by Application: Power Generation, District Heating & Cooling, Process Heating & Cooling, and Others
  • 4.5.2: ROW Thermal Energy Storage Market by End Use: Utilities, Commercial, Industrial, and Others

5. Competitor Analysis

• 5.1: Product Portfolio Analysis
• 5.2: Operational Integration
• 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

• 6.1: Growth Opportunity Analysis
  • 6.1.1: Growth Opportunities for the Global Thermal Energy Storage Market by Technology
  • 6.1.2: Growth Opportunities for the Global Thermal Energy Storage Market by Storage Material
  • 6.1.3: Growth Opportunities for the Global Thermal Energy Storage Market by Application
  • 6.1.4: Growth Opportunities for the Global Thermal Energy Storage Market by End Use
  • 6.1.5: Growth Opportunities for the Global Thermal Energy Storage Market by Region
• 6.2: Emerging Trends in the Global Thermal Energy Storage Market
• 6.3: Strategic Analysis
  • 6.3.1: New Product Development
  • 6.3.2: Capacity Expansion of the Global Thermal Energy Storage Market
  • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Thermal Energy Storage Market
  • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

• 7.1: Abengoa Solar
• 7.2: Burns & McDonnell
• 7.3: SolarReserve
• 7.4: BrightSource Energy
• 7.5: Calmac
• 7.6: MAN Energy Solutions
• 7.7: Baltimore Air Coil Technology
• 7.8: Cristopia Energy
• 7.9: Cryogel
• 7.10: Caldwell Energy