Global Thermal Energy Storage Market Size & Outlook
Global thermal energy storage market, 2018-2030 (US$M)
Related Markets
Global thermal energy storage market highlights
- The global thermal energy storage market generated a revenue of USD 5,018.5 million in 2023 and is expected to reach USD 10,897.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 11.7% by 2030.
- In terms of segment, commercial accounted for a revenue of USD 2,406.5 million in 2023.
- Industrial is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 5,018.5 million |
| Market revenue in 2030 | USD 10,897.5 million |
| Growth rate | 11.7% (CAGR from 2023 to 2030) |
| Largest segment | Commercial |
| Fastest growing segment | Industrial |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Commercial, Industrial |
Other key industry trends
- In terms of revenue, the North America accounted for 26.7% of the global thermal energy storage market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 184.4 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Thermal Energy Storage Market Scope
Thermal Energy Storage Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Steffes Corporation | View profile | 501-1000 | Dickinson, North Dakota, United States, North America | http://www.steffes.com/ |
| Cryogel | View profile | 11-50 | San Diego, California, United States, North America | https://cryogel.com |
| Caldwell Energy Company | View profile | 11-50 | Louisville, Kentucky, United States, North America | https://www.caldwellenergy.com |
| Ice Energy | View profile | 1-10 | Costa Mesa, California, United States, North America | http://www.ice-energy.com |
| Terrafore Technologies | View profile | - | Minneapolis, Minnesota, United States, North America | http://www.terraforetechnologies.com/ |
| BrightSource Energy | View profile | 251-500 | Oakland, California, United States, North America | http://www.brightsourceenergy.com |
| Abengoa | View profile | 10001+ | Seville, Andalucia, Spain, Europe | https://www.abengoa.com |
| Amsted Industries | View profile | 1001-5000 | Chicago, Illinois, United States, North America | http://www.amsted.com |
Global thermal energy storage market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to thermal energy storage market will help companies and investors design strategic landscapes.
Commercial was the largest segment with a revenue share of 47.95% in 2023. Horizon Databook has segmented the Global thermal energy storage market based on residential, commercial, industrial covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Thermal Energy Storage Application Outlook (Revenue, USD Million, 2018-2030)
- Residential
- Commercial
- Industrial
Reasons to subscribe to Global thermal energy storage market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Global thermal energy storage market databook
-
Our clientele includes a mix of thermal energy storage market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global thermal energy storage market , including forecasts for subscribers. This global databook contains high-level insights into Global thermal energy storage market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global thermal energy storage market size, by regions, 2018-2030 (US$M)
Top 10 countries: Thermal energy storage market size, 2023 (US$M)
Global thermal energy storage market share, by application, 2023 & 2030 (%, US$M)
Thermal energy storage market: Opportunity assessment by country
Global thermal energy storage market, by region, 2023 (US$M)
Related industry reports
Related statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
