Thermal Energy Storage Materials Market
Thermal Energy Storage Materials Market Size and Share Forecast Outlook 2025 to 2035
Thermal energy storage materials market is projected to grow from USD 5.9 billion in 2025 to USD 12.0 billion by 2035, at a CAGR of 7.4%. Sensible Heat Storage Materials will dominate with a 51.7% market share, while power generation will lead the end use segment with a 33.8% share.
Thermal Energy Storage Materials Market Forecast and Outlook 2025 to 2035
The global thermal energy storage materials market is projected to reach about USD 12.0 billion by 2035, rising from USD 5.9 billion in 2025. This reflects a compound annual growth rate of 7.4% across the forecast period. Between 2025 and 2030, the market is expected to grow from USD 5.9 billion to approximately USD 8.4 billion, adding USD 2.5 billion in value.
Growth during this period is shaped by continued investment in concentrated solar power facilities, where thermal storage plays a central role in maintaining consistent output during periods without direct sunlight.
Quick Stats for Thermal Energy Storage Materials Market
- Thermal Energy Storage Materials Market Value (2025): USD 5.9 billion
- Thermal Energy Storage Materials Market Forecast Value (2035): USD 12.0 billion
- Thermal Energy Storage Materials Market Forecast CAGR: 7.4%
- Leading Material Type in Thermal Energy Storage Materials Market: Sensible Heat Storage Materials (51.7%)
- Key Growth Regions in Thermal Energy Storage Materials Market: Asia Pacific, Europe, and North America
- Key Players in Thermal Energy Storage Materials Market: Brenmiller Energy Ltd., Cryogel Thermal Energy Systems, Antora Energy, CALMAC, DN Tanks, LUMENION GmbH, MGA Thermal, Rondo Energy, Heliac A/S, ENERGYNEST AS

Industrial sites adopt thermal storage materials for heat recovery applications that aim to reduce energy loss and improve process efficiency. Building projects incorporate storage materials into heating and cooling systems to manage indoor temperatures more effectively. Manufacturers supply a range of materials, including molten salts, phase change materials, and solid-state storage media, in formats suited to both large-scale and distributed systems.
Between 2030 and 2035, the market is projected to increase from USD 8.4 billion to about USD 12.0 billion, adding USD 3.6 billion in value. This phase is influenced by expanded deployment of thermochemical storage systems, which offer higher energy density and can be paired with modular designs for flexible installation.
Industrial operators examine storage materials for use in high-temperature processes that require consistent thermal output. Power generation facilities refine integration methods that link storage units with renewable generation assets and auxiliary systems. Producers develop storage materials with improved cycling stability and predictable thermal behavior across varying operating conditions.
Between 2020 and 2025, the thermal energy storage materials market expanded as renewable energy installations increased and grid operators incorporated storage solutions into system planning. Phase change materials gained visibility within the building sector as developers explored methods to regulate temperature without increasing operational energy use.
Energy operators evaluated thermal storage options to support peak management and to reduce reliance on conventional generation during high-demand periods. Manufacturers adjusted production processes to supply materials that met thermal stability, environmental, and durability requirements for long-term use.
Across the forecast horizon, several factors influence material selection and system deployment. Raw material availability affects cost structures, particularly for salts and specialty chemicals used in molten salt and thermochemical systems. Regional regulations related to energy efficiency, building codes, and renewable integration shape procurement decisions. Project developers also assess installation requirements, maintenance needs, and compatibility with thermal transfer fluids and storage vessel designs.
Thermal energy storage materials are produced in various physical forms to meet application-specific needs. Molten salts support high-temperature cycles in power generation, while phase change materials are used in systems requiring precise temperature control. Solid-state materials are suited to applications with limited space or specific structural requirements. These materials continue to be incorporated into power plants, district heating systems, industrial processes, and commercial buildings.
Thermal Energy Storage Materials Market Key Takeaways
| Metric | Value |
|---|---|
| Estimated Value in (2025E) | USD 5.9 billion |
| Forecast Value in (2035F) | USD 12.0 billion |
| Forecast CAGR (2025 to 2035) | 7.4% |
Why is the Thermal Energy Storage Materials Market Growing?
Market expansion is being supported by the increasing demand for renewable energy integration and the corresponding need for high-performance storage materials in thermal energy storage applications across global power generation and industrial operations. Modern energy operators are increasingly focused on advanced thermal energy storage materials that can improve grid stability, reduce energy waste, and enhance operational efficiency while meeting stringent reliability requirements. The proven efficacy of thermal energy storage materials in various renewable energy applications makes them an essential component of comprehensive energy management strategies and decarbonization programs.
The growing emphasis on carbon-neutrality transformation and grid optimization is driving demand for ultra-efficient thermal energy storage materials that meet stringent performance specifications and sustainability requirements for power generation applications. Energy operators' preference for reliable, high-capacity systems that can ensure consistent energy delivery is creating opportunities for innovative thermal energy storage designs and customized renewable solutions. The rising influence of decarbonization guidelines and renewable energy mandates is also contributing to increased adoption of advanced-grade thermal energy storage materials across different power generation applications and industrial systems requiring sophisticated storage technology.
Opportunity Pathways - Thermal Energy Storage Materials Market
The thermal energy storage materials market represents a specialized growth opportunity, expanding from USD 5.9 billion in 2025 to USD 12.0 billion by 2035 at a 7.4% CAGR. As energy operators prioritize grid stability, renewable integration, and operational performance in complex energy systems, thermal energy storage material systems have evolved from a niche storage technology to an essential component enabling renewable deployment, load balancing, and multi-stage energy management across power generation operations and specialized industrial applications.
The convergence of renewable energy expansion, increasing grid modernization adoption, specialized industrial facility growth, and sustainability requirements creates momentum in demand. High-capacity formulations offering superior energy density, cost-effective sensible heat systems balancing performance with economics, and specialized thermochemical variants for critical applications will capture market premiums, while geographic expansion into high-growth Asian renewable markets and emerging market penetration will drive volume leadership. Industry emphasis on operational efficiency and carbon reduction provides structural support.
- Pathway A - Sensible Heat Storage Dominance: Leading with 51.7% market share, sensible heat storage applications drive primary demand through complex power generation workflows requiring comprehensive storage systems for energy delivery. Advanced formulations enabling improved cost efficiency, reduced integration complexity, and enhanced reliability outcomes command premium pricing from operators requiring stringent performance specifications and grid compliance. Expected revenue pool: USD 3.1-6.2 billion.
- Pathway B - Asia Pacific Regional Leadership: Dominating with 39.6% market share through an optimal balance of CSP deployment and demand growth, Asia Pacific serves most power generation applications while meeting regional requirements. This region addresses both performance standards and economic considerations, making it the preferred location for thermal energy storage production and deployment operations seeking reliable solutions. Opportunity: USD 2.3-4.7 billion.
- Pathway C - Asian Market Acceleration: China (8.3% CAGR) and India (8.1% CAGR) lead global growth through CSP project expansion, grid-scale storage development, and domestic thermal energy storage demand. Strategic partnerships with local energy operators, renewable integration expertise, and supply chain localization enable the expansion of storage technology in major energy hubs. Geographic expansion upside: USD 1.5-3.0 billion.
- Pathway D - Power Generation Application Segment: Power generation applications serve specialized energy systems requiring exceptional performance specifications for critical grid stability operations. Advanced formulations supporting renewable integration requirements, complex CSP applications, and performance-sensitive processes command significant premiums from advanced utility organizations and specialized renewable facilities. Revenue potential: USD 2.0-4.0 billion.
- Pathway E - Advanced Thermochemical & Modular Battery Systems: Companies investing in sophisticated thermochemical technologies, modular thermal battery integration, and reversible reaction capabilities gain competitive advantages through consistent system performance and energy density reliability. Advanced capabilities enabling customized specifications and high-efficiency storage capture premium energy partnerships. Technology premium: USD 0.8-1.6 billion.
- Pathway F - Supply Chain Optimization & Technical Support: Specialized distribution networks, strategic project management, and reliable engineering service systems create competitive differentiation in energy markets requiring consistent thermal energy storage availability. Companies offering guaranteed performance, technical support, and comprehensive project documentation gain preferred supplier status with compliance-focused utilities. Supply chain value: USD 0.6-1.2 billion.
- Pathway G - Emerging Applications & Market Development: Beyond traditional power generation segments, thermal energy storage materials in electric vehicle thermal management, data center cooling, and advanced industrial heat recovery represent growth opportunities. Companies developing new applications, supporting R&D initiatives, and expanding into adjacent energy markets capture incremental demand while diversifying revenue streams. Emerging opportunity: USD 0.4-0.8 billion.
Segmental Analysis
The market is segmented by material type, end use, and region. By material type, the market is divided into sensible heat storage materials, latent heat storage materials, and thermochemical storage materials.
Based on end use, the market is categorized into power generation, building & construction, industrial processes, transportation, and others. Regionally, the market is divided into Asia Pacific, Europe, North America, Central & South America, and Middle East & Africa.
What makes Sensible Heat Storage Materials the Dominant Type in the Thermal Energy Storage Materials Market?

The sensible heat storage materials segment is projected to account for 51.7% of the thermal energy storage materials market in 2025, reaffirming its position as the category's dominant material type. Energy operators increasingly recognize the optimal balance of performance and cost-effectiveness offered by sensible heat storage for most power generation applications, particularly in concentrated solar power and HVAC integration operations. This material type addresses both performance requirements and economic considerations while providing reliable storage solutions across diverse energy applications.
This material type forms the foundation of most storage protocols for power generation applications, as it represents the most widely accepted and commercially viable category of thermal energy storage materials in the industry. Proven integration standards and extensive operational testing continue to strengthen confidence in sensible heat storage formulations among renewable energy and industrial operators.
Within the sensible heat storage segment, molten salt systems account for 46% of segment revenue, driven by widespread utilization in CSP facilities across China, India, and Spain. With increasing recognition of the cost efficiency requirements in renewable energy operations, sensible heat storage systems align with both operational efficiency and grid stability goals, making them the central growth driver of comprehensive energy storage strategies.
Which End Use Segment Drives Maximum Demand in the Thermal Energy Storage Materials Market?

Power generation applications are projected to represent 33.8% of thermal energy storage materials demand in 2025, underscoring its role as the largest end-user segment driving market adoption and growth. Energy operators recognize that power generation requirements, including grid stability demands, renewable integration needs, and load balancing systems, often require advanced storage materials that standard energy technologies cannot adequately provide. Thermal energy storage materials offer enhanced operational reliability and grid performance in power generation applications.
The segment is supported by the growing nature of renewable energy expansion, requiring sophisticated storage systems, and the increasing recognition that advanced thermal energy storage materials can improve grid performance and energy outcomes. Additionally, operators are increasingly adopting evidence-based operational guidelines that recommend specific storage solutions for optimal grid results.
Within the power generation segment, CSP plants account for 39% of segment revenue globally, driven by large-scale renewable deployment requirements. Building & construction follows with 26.7% market share, driven by energy-efficient building codes, while industrial processes accounts for 24.9% share and demonstrates the fastest CAGR of 7.8%, driven by industrial heat recovery and decarbonization initiatives. Transportation accounts for 7.2% share, benefiting from electric vehicle heating and cooling applications.
What are the Drivers, Restraints, and Key Trends of the Thermal Energy Storage Materials Market?
The thermal energy storage materials market is advancing steadily due to increasing recognition of renewable integration importance and growing demand for grid-scale storage systems across the power generation and industrial sectors.
The market faces challenges, including high initial capital costs, potential for material degradation during extended cycling, and concerns about project financing for specialized energy storage systems. Innovation in thermochemical storage and modular battery protocols continues to influence product development and market expansion patterns.
Expansion of Concentrated Solar Power Projects and Advanced Storage Technologies
The growing adoption of concentrated solar power facilities is enabling the development of more sophisticated thermal energy storage material systems that can meet stringent renewable integration requirements. Specialized CSP facilities offer comprehensive storage capabilities, including advanced molten salt systems and high-temperature processes that are particularly important for achieving grid stability compliance in power generation applications.
Advanced renewable energy environments provide access to large-scale storage equipment that can optimize energy delivery performance and reduce curtailment risks while maintaining cost-effectiveness for utility-scale power operations.
Integration of Smart Grid Systems and Digital Energy Management Platforms
Modern utility organizations are incorporating digital technologies such as real-time energy monitoring, automated dispatch optimization systems, and AI-driven forecasting to enhance thermal energy storage reliability and grid efficiency.
These technologies improve energy delivery accuracy, enable continuous performance monitoring, and provide better coordination between generation assets and storage throughout the energy cycle. Advanced digital platforms also enable customized performance analytics and early identification of potential system failures or efficiency deviations, supporting reliable renewable energy production.
Analysis of the Thermal Energy Storage Materials Market by Key Countries

| Country | CAGR (2025-2035) |
|---|---|
| China | 8.3% |
| India | 8.1% |
| Brazil | 7.4% |
| USA | 7.2% |
| Germany | 7.0% |
| UK | 6.9% |
| Japan | 6.7% |
The thermal energy storage materials market is experiencing varied growth globally, with China leading at a 8.3% CAGR through 2035, driven by the expansion of carbon-neutrality policy initiatives, increasing CSP capabilities, and growing domestic demand for high-performance thermal energy storage materials. India follows at 8.1%, supported by industrial decarbonization expansion, growing recognition of smart city project importance, and expanding renewable energy capacity. Brazil records 7.4% growth, with a focus on developing industrial process heat and renewable industries.
The USA shows 7.2% growth, representing DOE-funded hybrid storage trends and renewable grid integration. Germany demonstrates 7.0% growth, emphasizing district heating innovation and Energiewende focus. UK records 6.9% growth with urban TES integration and sustainable construction expansion, while Japan shows 6.7% growth, representing industrial waste heat utilization and advanced PCM applications.
How is China Leading the Thermal Energy Storage Materials Market Growth?
The market for thermal energy storage materials in China is projected to exhibit robust growth with a CAGR of 8.3% through 2035, driven by ongoing carbon-neutrality policy implementation and increasing recognition of high-performance thermal energy storage materials as essential renewable components for complex power generation operations.
The country's expanding CSP infrastructure and growing availability of specialized grid-scale storage capabilities are creating significant opportunities for thermal energy storage adoption across both utility and industrial facilities.
Major international and domestic storage manufacturers are establishing comprehensive production and distribution networks to serve the growing population of energy operators and renewable facilities requiring high-performance thermal energy storage materials across power generation and industrial applications throughout China's major energy hubs.
The Chinese government's strategic emphasis on carbon-neutrality achievement and renewable energy development is driving substantial investments in specialized storage capabilities. This policy support, combined with the country's large domestic renewable energy market and expanding CSP project requirements, creates a favorable environment for the thermal energy storage materials market development. Chinese operators are increasingly focusing on molten salt storage technologies to improve grid capabilities, with thermal energy storage materials representing a key component in this energy transformation.
Government initiatives supporting renewable development and carbon reduction are driving demand for high-quality thermal energy storage materials throughout major energy centers, including Inner Mongolia, Qinghai, and Gansu regions. CSP capacity expansion and grid-scale storage facility development are supporting appropriate utilization of thermal energy storage materials among operators and renewable facilities nationwide, with growth in solar thermal operations and industrial heat recovery services.
What drives India's Strong Performance in the Thermal Energy Storage Materials Market?
The market for thermal energy storage materials in India is expanding at a CAGR of 8.1%, supported by increasing industrial decarbonization growth, growing smart city project awareness, and developing renewable presence across the country's major energy clusters.
The country's large renewable energy sector and increasing recognition of efficient storage solutions are driving demand for effective high-quality energy storage materials in both power generation and industrial applications. International storage manufacturers and domestic suppliers are establishing comprehensive distribution channels to serve the growing demand for reliable thermal energy storage materials while supporting the country's position as an emerging renewable energy market.
India's renewable energy sector continues to benefit from favorable policy frameworks, expanding CSP capabilities, and cost-competitive manufacturing infrastructure development. The country's focus on becoming a global renewable energy hub is driving investments in specialized storage technology and grid infrastructure. This development is particularly important for thermal energy storage applications, as operators seek reliable domestic sources for critical energy technologies to reduce import dependency and improve supply chain security.
Rising awareness about high-performance storage options and improving smart city project capabilities are creating opportunities for specialized thermal energy storage materials across renewable and industrial settings in major hubs like Rajasthan, Gujarat, and Tamil Nadu. Growing renewable infrastructure development and technology adoption are supporting increased access to high-quality thermal energy storage materials among organizations requiring comprehensive energy capabilities, particularly in CSP operations and industrial organizations.
How is Brazil Strengthening its Position in the Thermal Energy Storage Materials Market?
The market for thermal energy storage materials in Brazil is projected to exhibit strong growth with a CAGR of 7.4% through 2035, driven by industrial process heat expansion and renewable energy capabilities. The country's established solar energy sector and growing storage expertise are creating significant opportunities for thermal energy storage deployment across both power generation and industrial applications. Brazilian energy companies are leveraging their market position to serve the growing demand for reliable storage solutions while supporting the country's position as a regional renewable leader.
The Brazilian market benefits from favorable solar resource availability, expanding renewable adoption programs, and cost-competitive manufacturing capabilities. Government initiatives supporting renewable development and industrial modernization are driving demand for efficient thermal energy storage materials throughout major energy and industrial centers, including São Paulo, Minas Gerais, and northeastern regions.
What makes USA a Key Market for Thermal Energy Storage Materials?

USA's advanced renewable energy technology market demonstrates sophisticated storage deployment with documented thermal energy storage effectiveness in grid integration departments through integration with existing renewable systems and utility infrastructure. The country leverages energy expertise in DOE-funded hybrid storage projects to maintain a 7.2% CAGR through 2035. Power generation sectors, including major renewable deployment areas, showcase advanced installations where thermal energy storage systems integrate with comprehensive grid management systems and renewable platforms to optimize energy delivery accuracy and operational effectiveness.
American operators prioritize system reliability and grid stability compliance in storage selection, creating demand for premium thermal energy storage materials with advanced features, including performance validation and integration with US utility standards. The market benefits from established renewable energy industry infrastructure and a willingness to invest in advanced thermal energy storage materials that provide long-term operational benefits and compliance with decarbonization regulations.
Why is Germany a Strategic Market for Thermal Energy Storage Materials Growth?
Germany's market expansion benefits from diverse energy demand, including renewable modernization in Hamburg and Berlin, district heating programs, and government Energiewende programs that increasingly incorporate thermal energy storage solutions for energy enhancement applications. The country maintains a 7.0% CAGR through 2035, driven by rising renewable awareness and increasing adoption of district heating innovation benefits, including superior efficiency capabilities and reduced carbon emissions.
Market dynamics focus on cost-effective thermal energy storage materials that balance advanced performance features with sustainability considerations important to German energy operators. Growing renewable infrastructure creates demand for modern storage systems in new power generation facilities and grid modernization projects. Regional efficiency requirements are driving a diverse product portfolio from basic thermal energy storage materials to advanced thermochemical platforms.
How is UK Emphasizing Urban Integration in Thermal Energy Storage Applications?
The UK's market expansion benefits from diverse energy demand, including urban TES integration and sustainable construction focus. The country maintains a 6.9% CAGR through 2035, driven by rising sustainability investment and increasing preference for advanced storage solutions through building efficiency programs. The market prioritizes advanced features, including performance validation and integration with comprehensive urban energy platforms that reflect UK energy expectations for sustainability and operational reliability.
Operators focus on building integration in energy development, creating demand for premium thermal energy storage materials with advanced features including automated monitoring and comprehensive environmental support. Urban TES integration programs and sustainable construction implementation are driving procurement requirements for advanced storage solutions.
What Positions Japan as a Growing Thermal Energy Storage Materials Market?

Japan demonstrates steady market development with a 6.7% CAGR through 2035, distinguished by operators' preference for high-quality thermal energy storage materials that integrate seamlessly with existing industrial equipment and provide reliable long-term operation in specialized manufacturing applications. The market prioritizes advanced features, including precision thermal control algorithms, quality validation, and integration with comprehensive industrial waste heat platforms that reflect Japanese industrial expectations for technological sophistication and operational excellence.
Japanese operators focus on system reliability and precision in energy development, creating demand for premium thermal energy storage materials with advanced features including automated monitoring and comprehensive technical support. The market benefits from established industrial research infrastructure and investment in advanced PCM technology that provides long-term efficiency benefits. Premium focus on industrial waste heat utilization systems with advanced phase change material specifications and high-reliability capabilities supports market growth.
Europe Market Split by Country

The thermal energy storage materials market in Europe is projected to grow from USD 1.5 billion in 2025 to USD 3.1 billion by 2035, registering a CAGR of 7.3% over the forecast period. Germany is expected to maintain its leadership position with a 32.4% market share in 2025, rising to 33.2% by 2035, supported by its advanced district heating infrastructure, Energiewende policy initiatives, and strong renewable energy presence throughout major urban regions.
France follows with a 20.1% share in 2025, projected to reach 20.7% by 2035, driven by advanced nuclear integration protocols, renewable expansion, and expanding energy efficiency networks serving both domestic and industrial markets. The UK holds a 17.8% share in 2025, expected to increase to 18.4% by 2035, supported by urban TES integration initiatives and growing adoption of sustainable construction solutions.
Italy commands a 13.9% share in 2025, projected to reach 14.3% by 2035, while Spain accounts for 10.5% in 2025, expected to reach 10.8% by 2035, driven by significant CSP deployment. The rest of Europe region, including Nordic countries, Eastern Europe, and smaller Western European markets, is anticipated to hold 5.3% in 2025, declining slightly to 2.6% by 2035, attributed to market consolidation toward larger core markets with established renewable energy and district heating capabilities.
Competitive Landscape of the Thermal Energy Storage Materials Market

The thermal energy storage materials market is characterized by competition among established energy storage manufacturers, specialty thermal technology companies, and renewable energy solution suppliers focused on delivering high-quality, consistent, and reliable storage systems.
Companies are investing in product technology advancement, energy density enhancement, strategic partnerships, and customer technical support to deliver effective, efficient, and reliable thermal energy storage material solutions that meet stringent power generation and industrial requirements. Product optimization, performance validation protocols, and project execution strategies are central to strengthening product portfolios and market presence.
Brenmiller Energy Ltd. leads the market with 16.8% global share, offering comprehensive high-quality thermal energy storage solutions with a focus on modular design and operational reliability for industrial and power generation applications. The company's bGen modular thermal battery system strengthens its market position as global leader in thermal storage innovation.
Cryogel Thermal Energy Systems holds 13.2% market share, providing specialized aerogel insulation technologies with emphasis on long-duration heat storage and comprehensive technical support services. Antora Energy controls 11.9% share, focusing on carbon block-based thermal storage technologies for renewable integration. CALMAC maintains 10.6% share, delivering IceBank thermal systems with strong building cooling focus and performance capabilities.
DN Tanks operates with 9.4% share, focusing on bringing large-scale thermal tank solutions to utility-scale energy applications and emerging markets through comprehensive engineering services. LUMENION GmbH provides 8.8% share through steel-based TES systems for industrial heat, across multiple manufacturing applications and process operations.
MGA Thermal holds 8.2% share, specializing in modular TES materials for heavy industry operations with emphasis on high-temperature performance. Rondo Energy maintains 7.9% share, providing low-cost refractory brick TES systems and technical expertise to enhance market accessibility and customer access to essential thermal storage. Heliac A/S controls 7.3% share, focusing on solar thermal collectors with built-in storage, while ENERGYNEST AS accounts for 6.9% share with concrete-based heat batteries for process industries.
The competitive landscape emphasizes technological differentiation through energy density improvements, modular system deployment, and cost reduction initiatives. Leading manufacturers are investing in thermochemical storage development, digital monitoring capabilities, and customer project support services to strengthen their market positions. Strategic collaborations with utility companies, industrial manufacturers, and renewable energy developers are enabling product customization and application-specific solutions.
Key Players in the Thermal Energy Storage Materials Market
- Brenmiller Energy Ltd.
- Cryogel Thermal Energy Systems
- Antora Energy
- CALMAC
- DN Tanks
- LUMENION GmbH
- MGA Thermal
- Rondo Energy
- Heliac A/S
- ENERGYNEST AS
Scope of the Report
| Items | Values |
|---|---|
| Quantitative Value (USD Million)s (2025) | USD 5.9 Billion |
| Material Type | Sensible Heat Storage Materials, Latent Heat Storage Materials, Thermochemical Storage Materials |
| End Use | Power Generation, Building & Construction, Industrial Processes, Transportation, Others |
| Regions Covered | Asia Pacific, Europe, North America, Central & South America, Middle East & Africa |
| Countries Covered | China, USA, Germany, Japan, India, Brazil, UK and 40+ countries |
| Key Companies Profiled | Brenmiller Energy Ltd., Cryogel Thermal Energy Systems, Antora Energy, CALMAC, DN Tanks, LUMENION GmbH, MGA Thermal, Rondo Energy, Heliac A/S, and ENERGYNEST AS |
| Additional Attributes | Dollar sales by material type and end use, regional demand trends, competitive landscape, operator preferences for specific thermal energy storage materials, integration with specialty renewable energy supply chains, innovations in storage technologies, performance monitoring, and energy optimization |
Thermal Energy Storage Materials Market by Segments
-
Material Type :
- Sensible Heat Storage Materials
- Latent Heat Storage Materials
- Thermochemical Storage Materials
-
End Use :
- Power Generation
- Building & Construction
- Industrial Processes
- Transportation
- Others
-
Region :
- Asia Pacific
- China
- India
- Japan
- South Korea
- ASEAN
- Australia & New Zealand
- Rest of Asia Pacific
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Nordic
- BENELUX
- Rest of Europe
- North America
- USA
- Canada
- Mexico
- Central & South America
- Brazil
- Argentina
- Chile
- Rest of Central & South America
- Middle East & Africa
- Kingdom of Saudi Arabia
- Other GCC Countries
- Turkey
- South Africa
- Other African Countries
- Rest of Middle East & Africa
- Asia Pacific
Table of Content
- Executive Summary
- Global Market Outlook
- Demand to side Trends
- Supply to side Trends
- Technology Roadmap Analysis
- Analysis and Recommendations
- Market Overview
- Market Coverage / Taxonomy
- Market Definition / Scope / Limitations
- Market Background
- Market Dynamics
- Drivers
- Restraints
- Opportunity
- Trends
- Scenario Forecast
- Demand in Optimistic Scenario
- Demand in Likely Scenario
- Demand in Conservative Scenario
- Opportunity Map Analysis
- Product Life Cycle Analysis
- Supply Chain Analysis
- Investment Feasibility Matrix
- Value Chain Analysis
- PESTLE and Porter’s Analysis
- Regulatory Landscape
- Regional Parent Market Outlook
- Production and Consumption Statistics
- Import and Export Statistics
- Market Dynamics
- Global Market Analysis 2020 to 2024 and Forecast, 2025 to 2035
- Historical Market Size Value (USD Million) Analysis, 2020 to 2024
- Current and Future Market Size Value (USD Million) Projections, 2025 to 2035
- Y to o to Y Growth Trend Analysis
- Absolute $ Opportunity Analysis
- Global Market Pricing Analysis 2020 to 2024 and Forecast 2025 to 2035
- Global Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Material Type
- Introduction / Key Findings
- Historical Market Size Value (USD Million) Analysis By Material Type, 2020 to 2024
- Current and Future Market Size Value (USD Million) Analysis and Forecast By Material Type, 2025 to 2035
- Sensible Heat Storage Materials
- Latent Heat Storage Materials
- Thermochemical Storage Materials
- Y to o to Y Growth Trend Analysis By Material Type, 2020 to 2024
- Absolute $ Opportunity Analysis By Material Type, 2025 to 2035
- Global Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By End Use
- Introduction / Key Findings
- Historical Market Size Value (USD Million) Analysis By End Use, 2020 to 2024
- Current and Future Market Size Value (USD Million) Analysis and Forecast By End Use, 2025 to 2035
- Power Generation
- Building & Construction
- Industrial Processes
- Transportation
- Others
- Y to o to Y Growth Trend Analysis By End Use, 2020 to 2024
- Absolute $ Opportunity Analysis By End Use, 2025 to 2035
- Global Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Region
- Introduction
- Historical Market Size Value (USD Million) Analysis By Region, 2020 to 2024
- Current Market Size Value (USD Million) Analysis and Forecast By Region, 2025 to 2035
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia and Pacific
- Middle East & Africa
- Market Attractiveness Analysis By Region
- North America Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
- Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
- Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
- By Country
- USA
- Canada
- Mexico
- By Material Type
- By End Use
- By Country
- Market Attractiveness Analysis
- By Country
- By Material Type
- By End Use
- Key Takeaways
- Latin America Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
- Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
- Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
- By Country
- Brazil
- Chile
- Rest of Latin America
- By Material Type
- By End Use
- By Country
- Market Attractiveness Analysis
- By Country
- By Material Type
- By End Use
- Key Takeaways
- Western Europe Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
- Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
- Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
- By Country
- Germany
- UK
- Italy
- Spain
- France
- Nordic
- BENELUX
- Rest of Western Europe
- By Material Type
- By End Use
- By Country
- Market Attractiveness Analysis
- By Country
- By Material Type
- By End Use
- Key Takeaways
- Eastern Europe Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
- Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
- Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
- By Country
- Russia
- Poland
- Hungary
- Balkan & Baltic
- Rest of Eastern Europe
- By Material Type
- By End Use
- By Country
- Market Attractiveness Analysis
- By Country
- By Material Type
- By End Use
- Key Takeaways
- East Asia Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
- Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
- Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
- By Country
- China
- Japan
- South Korea
- By Material Type
- By End Use
- By Country
- Market Attractiveness Analysis
- By Country
- By Material Type
- By End Use
- Key Takeaways
- South Asia and Pacific Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
- Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
- Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
- By Country
- India
- ASEAN
- Australia & New Zealand
- Rest of South Asia and Pacific
- By Material Type
- By End Use
- By Country
- Market Attractiveness Analysis
- By Country
- By Material Type
- By End Use
- Key Takeaways
- Middle East & Africa Market Analysis 2020 to 2024 and Forecast 2025 to 2035, By Country
- Historical Market Size Value (USD Million) Trend Analysis By Market Taxonomy, 2020 to 2024
- Market Size Value (USD Million) Forecast By Market Taxonomy, 2025 to 2035
- By Country
- Kingdom of Saudi Arabia
- Other GCC Countries
- Turkiye
- South Africa
- Other African Union
- Rest of Middle East & Africa
- By Material Type
- By End Use
- By Country
- Market Attractiveness Analysis
- By Country
- By Material Type
- By End Use
- Key Takeaways
- Key Countries Market Analysis
- USA
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- Canada
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- Mexico
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- Brazil
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- Chile
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- Germany
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- UK
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- Italy
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- Spain
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- France
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- India
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- ASEAN
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- Australia & New Zealand
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- China
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- Japan
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- South Korea
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- Russia
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- Poland
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- Hungary
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- Kingdom of Saudi Arabia
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- Turkiye
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- South Africa
- Pricing Analysis
- Market Share Analysis, 2024
- By Material Type
- By End Use
- USA
- Market Structure Analysis
- Competition Dashboard
- Competition Benchmarking
- Market Share Analysis of Top Players
- By Regional
- By Material Type
- By End Use
- Competition Analysis
- Competition Deep Dive
- Brenmiller Energy Ltd.
- Overview
- Product Portfolio
- Profitability by Market Segments (Product/Age /Sales Channel/Region)
- Sales Footprint
- Strategy Overview
- Marketing Strategy
- Product Strategy
- Channel Strategy
- Cryogel Thermal Energy Systems
- Antora Energy
- CALMAC
- DN Tanks
- LUMENION GmbH
- MGA Thermal
- Rondo Energy
- Heliac A/S
- ENERGYNEST AS
- Brenmiller Energy Ltd.
- Competition Deep Dive
- Assumptions & Acronyms Used
- Research Methodology
List Of Table
- Table 1: Global Market Value (USD Million) Forecast by Region, 2020 to 2035
- Table 2: Global Market Value (USD Million) Forecast by Material Type, 2020 to 2035
- Table 3: Global Market Value (USD Million) Forecast by End Use, 2020 to 2035
- Table 4: North America Market Value (USD Million) Forecast by Country, 2020 to 2035
- Table 5: North America Market Value (USD Million) Forecast by Material Type, 2020 to 2035
- Table 6: North America Market Value (USD Million) Forecast by End Use, 2020 to 2035
- Table 7: Latin America Market Value (USD Million) Forecast by Country, 2020 to 2035
- Table 8: Latin America Market Value (USD Million) Forecast by Material Type, 2020 to 2035
- Table 9: Latin America Market Value (USD Million) Forecast by End Use, 2020 to 2035
- Table 10: Western Europe Market Value (USD Million) Forecast by Country, 2020 to 2035
- Table 11: Western Europe Market Value (USD Million) Forecast by Material Type, 2020 to 2035
- Table 12: Western Europe Market Value (USD Million) Forecast by End Use, 2020 to 2035
- Table 13: Eastern Europe Market Value (USD Million) Forecast by Country, 2020 to 2035
- Table 14: Eastern Europe Market Value (USD Million) Forecast by Material Type, 2020 to 2035
- Table 15: Eastern Europe Market Value (USD Million) Forecast by End Use, 2020 to 2035
- Table 16: East Asia Market Value (USD Million) Forecast by Country, 2020 to 2035
- Table 17: East Asia Market Value (USD Million) Forecast by Material Type, 2020 to 2035
- Table 18: East Asia Market Value (USD Million) Forecast by End Use, 2020 to 2035
- Table 19: South Asia and Pacific Market Value (USD Million) Forecast by Country, 2020 to 2035
- Table 20: South Asia and Pacific Market Value (USD Million) Forecast by Material Type, 2020 to 2035
- Table 21: South Asia and Pacific Market Value (USD Million) Forecast by End Use, 2020 to 2035
- Table 22: Middle East & Africa Market Value (USD Million) Forecast by Country, 2020 to 2035
- Table 23: Middle East & Africa Market Value (USD Million) Forecast by Material Type, 2020 to 2035
- Table 24: Middle East & Africa Market Value (USD Million) Forecast by End Use, 2020 to 2035
List Of Figures
- Figure 1: Global Market Pricing Analysis
- Figure 2: Global Market Value (USD Million) Forecast 2020 to 2035
- Figure 3: Global Market Value Share and BPS Analysis by Material Type, 2025 and 2035
- Figure 4: Global Market Y to o to Y Growth Comparison by Material Type, 2025 to 2035
- Figure 5: Global Market Attractiveness Analysis by Material Type
- Figure 6: Global Market Value Share and BPS Analysis by End Use, 2025 and 2035
- Figure 7: Global Market Y to o to Y Growth Comparison by End Use, 2025 to 2035
- Figure 8: Global Market Attractiveness Analysis by End Use
- Figure 9: Global Market Value (USD Million) Share and BPS Analysis by Region, 2025 and 2035
- Figure 10: Global Market Y to o to Y Growth Comparison by Region, 2025 to 2035
- Figure 11: Global Market Attractiveness Analysis by Region
- Figure 12: North America Market Incremental Dollar Opportunity, 2025 to 2035
- Figure 13: Latin America Market Incremental Dollar Opportunity, 2025 to 2035
- Figure 14: Western Europe Market Incremental Dollar Opportunity, 2025 to 2035
- Figure 15: Eastern Europe Market Incremental Dollar Opportunity, 2025 to 2035
- Figure 16: East Asia Market Incremental Dollar Opportunity, 2025 to 2035
- Figure 17: South Asia and Pacific Market Incremental Dollar Opportunity, 2025 to 2035
- Figure 18: Middle East & Africa Market Incremental Dollar Opportunity, 2025 to 2035
- Figure 19: North America Market Value Share and BPS Analysis by Country, 2025 and 2035
- Figure 20: North America Market Value Share and BPS Analysis by Material Type, 2025 and 2035
- Figure 21: North America Market Y to o to Y Growth Comparison by Material Type, 2025 to 2035
- Figure 22: North America Market Attractiveness Analysis by Material Type
- Figure 23: North America Market Value Share and BPS Analysis by End Use, 2025 and 2035
- Figure 24: North America Market Y to o to Y Growth Comparison by End Use, 2025 to 2035
- Figure 25: North America Market Attractiveness Analysis by End Use
- Figure 26: Latin America Market Value Share and BPS Analysis by Country, 2025 and 2035
- Figure 27: Latin America Market Value Share and BPS Analysis by Material Type, 2025 and 2035
- Figure 28: Latin America Market Y to o to Y Growth Comparison by Material Type, 2025 to 2035
- Figure 29: Latin America Market Attractiveness Analysis by Material Type
- Figure 30: Latin America Market Value Share and BPS Analysis by End Use, 2025 and 2035
- Figure 31: Latin America Market Y to o to Y Growth Comparison by End Use, 2025 to 2035
- Figure 32: Latin America Market Attractiveness Analysis by End Use
- Figure 33: Western Europe Market Value Share and BPS Analysis by Country, 2025 and 2035
- Figure 34: Western Europe Market Value Share and BPS Analysis by Material Type, 2025 and 2035
- Figure 35: Western Europe Market Y to o to Y Growth Comparison by Material Type, 2025 to 2035
- Figure 36: Western Europe Market Attractiveness Analysis by Material Type
- Figure 37: Western Europe Market Value Share and BPS Analysis by End Use, 2025 and 2035
- Figure 38: Western Europe Market Y to o to Y Growth Comparison by End Use, 2025 to 2035
- Figure 39: Western Europe Market Attractiveness Analysis by End Use
- Figure 40: Eastern Europe Market Value Share and BPS Analysis by Country, 2025 and 2035
- Figure 41: Eastern Europe Market Value Share and BPS Analysis by Material Type, 2025 and 2035
- Figure 42: Eastern Europe Market Y to o to Y Growth Comparison by Material Type, 2025 to 2035
- Figure 43: Eastern Europe Market Attractiveness Analysis by Material Type
- Figure 44: Eastern Europe Market Value Share and BPS Analysis by End Use, 2025 and 2035
- Figure 45: Eastern Europe Market Y to o to Y Growth Comparison by End Use, 2025 to 2035
- Figure 46: Eastern Europe Market Attractiveness Analysis by End Use
- Figure 47: East Asia Market Value Share and BPS Analysis by Country, 2025 and 2035
- Figure 48: East Asia Market Value Share and BPS Analysis by Material Type, 2025 and 2035
- Figure 49: East Asia Market Y to o to Y Growth Comparison by Material Type, 2025 to 2035
- Figure 50: East Asia Market Attractiveness Analysis by Material Type
- Figure 51: East Asia Market Value Share and BPS Analysis by End Use, 2025 and 2035
- Figure 52: East Asia Market Y to o to Y Growth Comparison by End Use, 2025 to 2035
- Figure 53: East Asia Market Attractiveness Analysis by End Use
- Figure 54: South Asia and Pacific Market Value Share and BPS Analysis by Country, 2025 and 2035
- Figure 55: South Asia and Pacific Market Value Share and BPS Analysis by Material Type, 2025 and 2035
- Figure 56: South Asia and Pacific Market Y to o to Y Growth Comparison by Material Type, 2025 to 2035
- Figure 57: South Asia and Pacific Market Attractiveness Analysis by Material Type
- Figure 58: South Asia and Pacific Market Value Share and BPS Analysis by End Use, 2025 and 2035
- Figure 59: South Asia and Pacific Market Y to o to Y Growth Comparison by End Use, 2025 to 2035
- Figure 60: South Asia and Pacific Market Attractiveness Analysis by End Use
- Figure 61: Middle East & Africa Market Value Share and BPS Analysis by Country, 2025 and 2035
- Figure 62: Middle East & Africa Market Value Share and BPS Analysis by Material Type, 2025 and 2035
- Figure 63: Middle East & Africa Market Y to o to Y Growth Comparison by Material Type, 2025 to 2035
- Figure 64: Middle East & Africa Market Attractiveness Analysis by Material Type
- Figure 65: Middle East & Africa Market Value Share and BPS Analysis by End Use, 2025 and 2035
- Figure 66: Middle East & Africa Market Y to o to Y Growth Comparison by End Use, 2025 to 2035
- Figure 67: Middle East & Africa Market Attractiveness Analysis by End Use
- Figure 68: Global Market - Tier Structure Analysis
- Figure 69: Global Market - Company Share Analysis
- FAQs -
How big is the thermal energy storage materials market in 2025?
The global thermal energy storage materials market is estimated to be valued at USD 5.9 billion in 2025.
What will be the size of thermal energy storage materials market in 2035?
The market size for the thermal energy storage materials market is projected to reach USD 12.0 billion by 2035.
How much will be the thermal energy storage materials market growth between 2025 and 2035?
The thermal energy storage materials market is expected to grow at a 7.4% CAGR between 2025 and 2035.
What are the key product types in the thermal energy storage materials market?
The key product types in thermal energy storage materials market are sensible heat storage materials, latent heat storage materials and thermochemical storage materials.
Which end use segment to contribute significant share in the thermal energy storage materials market in 2025?
In terms of end use, power generation segment to command 33.8% share in the thermal energy storage materials market in 2025.