North America Thermal Energy Storage Materials Market Size & Outlook
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North America thermal energy storage materials market highlights
- The North America thermal energy storage materials market generated a revenue of USD 1,245.7 million in 2024.
- The market is expected to grow at a CAGR of 7.5% from 2025 to 2033.
- In terms of segment, sensible heat storage materials was the largest revenue generating material type in 2024.
- Thermochemical Storage Materials is the most lucrative material type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2033.
North America data book summary
| Market revenue in 2024 | USD 1,245.7 million |
| Market revenue in 2033 | USD 2,383.2 million |
| Growth rate | 7.5% (CAGR from 2025 to 2033) |
| Largest segment | Sensible heat storage materials |
| Fastest growing segment | Thermochemical Storage Materials |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sensible Heat Storage Materials, Latent Heat Storage Materials, Thermochemical Storage Materials |
Other key industry trends
- In terms of revenue, North America region accounted for 22.6% of the global thermal energy storage materials market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,250.2 million by 2033.
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Thermal Energy Storage Materials Market Scope
Thermal Energy Storage Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Rondo Energy | View profile | 101-250 | Oakland, California, United States, North America | https://www.rondo.energy |
| EnergyNest | View profile | 11-50 | Asker, Akershus, Norway, Europe | http://www.energy-nest.com/ |
| Heliac | View profile | 11-50 | Nivaa, Hovedstaden, Denmark, Europe | https://heliac.dk |
| CALMAC Corp | View profile | 51-100 | Fair Lawn, New Jersey, United States, North America | http://www.calmac.com/ |
| Lumenion | View profile | 11-50 | Berlin, Berlin, Germany, Europe | https://lumenion.com |
| Antora Energy | View profile | 11-50 | Sunnyvale, California, United States, North America | https://www.antoraenergy.com/ |
| Brenmiller Energy | View profile | 51-100 | Tel Aviv, Tel Aviv, Israel, Asia | http://bren-energy.com/ |
| DN Tanks | View profile | 251-500 | Cajon, Araucania, Chile, South America | http://dntanks.com |
North America thermal energy storage materials 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 materials market will help companies and investors design strategic landscapes.
Sensible heat storage materials was the largest segment with a revenue share of 55.41% in 2024. Horizon Databook has segmented the North America thermal energy storage materials market based on sensible heat storage materials, latent heat storage materials, thermochemical storage materials covering the revenue growth of each sub-segment from 2021 to 2033.
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Our clientele includes a mix of thermal energy storage materials market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America thermal energy storage materials market , including forecasts for subscribers. This continent databook contains high-level insights into North America thermal energy storage materials market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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North America thermal energy storage materials market size, by country, 2021-2033 (US$M)
North America Thermal Energy Storage Materials Market Outlook Share, 2024 & 2033 (US$M)
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