Home Energy And Power Thermal Energy Storage Market Size, Share & Analysis | Industry Report, 2033

Thermal Energy Storage Market Size & Outlook, 2025-2033

Thermal Energy Storage Market Size, Share & Trends Analysis Report By Storage Material (Water, Molten Salt, PCM, Others), By Technology (Sensible Heat, Latent Heat, Thermochemical), By Applications (Power Generation, District Heating and Cooling, Process Heating and Cooling), By End-User  (Residential and Commercial, Industrial, Utility) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2025-2033

Report Code: SREP395DR
Last Updated : Jul, 2025
Pages : 110
Author : Akanksha Yaduvanshi
Format : PDF, Excel

Market Segmentation

  1. Thermal Energy Storage Market, By Storage Material (2021-2033)
    1. Water
    2. Molten Salt
    3. PCM
    4. Others
  2. Thermal Energy Storage Market, By Technology (2021-2033)
    1. Sensible Heat
    2. Latent Heat
    3. Thermochemical
  3. Thermal Energy Storage Market, By Applications (2021-2033)
    1. Power Generation
    2. District Heating and Cooling
    3. Process Heating and Cooling
  4. Thermal Energy Storage Market, By End-User  (2021-2033)
    1. Residential and Commercial
    2. Industrial
    3. Utility
    1. North America
      1. North America Thermal Energy Storage Market, By Storage Material
        1. Water
          1. Molten Salt
            1. PCM
              1. Others
              2. North America Thermal Energy Storage Market, By Technology
                1. Sensible Heat
                  1. Latent Heat
                    1. Thermochemical
                    2. North America Thermal Energy Storage Market, By Applications
                      1. Power Generation
                        1. District Heating and Cooling
                          1. Process Heating and Cooling
                          2. North America Thermal Energy Storage Market, By End-User 
                            1. Residential and Commercial
                              1. Industrial
                                1. Utility
                                2. U.S.
                                  1. U.S. Thermal Energy Storage Market, By Storage Material
                                    1. Water
                                      1. Molten Salt
                                        1. PCM
                                          1. Others
                                          2. U.S. Thermal Energy Storage Market, By Technology
                                            1. Sensible Heat
                                              1. Latent Heat
                                                1. Thermochemical
                                                2. U.S. Thermal Energy Storage Market, By Applications
                                                  1. Power Generation
                                                    1. District Heating and Cooling
                                                      1. Process Heating and Cooling
                                                      2. U.S. Thermal Energy Storage Market, By End-User 
                                                        1. Residential and Commercial
                                                          1. Industrial
                                                            1. Utility
                                                          2. Canada
                                                        2. Europe
                                                          1. Europe Thermal Energy Storage Market, By Storage Material
                                                            1. Water
                                                              1. Molten Salt
                                                                1. PCM
                                                                  1. Others
                                                                  2. Europe Thermal Energy Storage Market, By Technology
                                                                    1. Sensible Heat
                                                                      1. Latent Heat
                                                                        1. Thermochemical
                                                                        2. Europe Thermal Energy Storage Market, By Applications
                                                                          1. Power Generation
                                                                            1. District Heating and Cooling
                                                                              1. Process Heating and Cooling
                                                                              2. Europe Thermal Energy Storage Market, By End-User 
                                                                                1. Residential and Commercial
                                                                                  1. Industrial
                                                                                    1. Utility
                                                                                    2. U.K.
                                                                                      1. U.K. Thermal Energy Storage Market, By Storage Material
                                                                                        1. Water
                                                                                          1. Molten Salt
                                                                                            1. PCM
                                                                                              1. Others
                                                                                              2. U.K. Thermal Energy Storage Market, By Technology
                                                                                                1. Sensible Heat
                                                                                                  1. Latent Heat
                                                                                                    1. Thermochemical
                                                                                                    2. U.K. Thermal Energy Storage Market, By Applications
                                                                                                      1. Power Generation
                                                                                                        1. District Heating and Cooling
                                                                                                          1. Process Heating and Cooling
                                                                                                          2. U.K. Thermal Energy Storage Market, By End-User 
                                                                                                            1. Residential and Commercial
                                                                                                              1. Industrial
                                                                                                                1. Utility
                                                                                                              2. Germany
                                                                                                              3. France
                                                                                                              4. Spain
                                                                                                              5. Italy
                                                                                                              6. Russia
                                                                                                              7. Nordic
                                                                                                              8. Benelux
                                                                                                              9. Rest of Europe
                                                                                                            2. APAC
                                                                                                              1. APAC Thermal Energy Storage Market, By Storage Material
                                                                                                                1. Water
                                                                                                                  1. Molten Salt
                                                                                                                    1. PCM
                                                                                                                      1. Others
                                                                                                                      2. APAC Thermal Energy Storage Market, By Technology
                                                                                                                        1. Sensible Heat
                                                                                                                          1. Latent Heat
                                                                                                                            1. Thermochemical
                                                                                                                            2. APAC Thermal Energy Storage Market, By Applications
                                                                                                                              1. Power Generation
                                                                                                                                1. District Heating and Cooling
                                                                                                                                  1. Process Heating and Cooling
                                                                                                                                  2. APAC Thermal Energy Storage Market, By End-User 
                                                                                                                                    1. Residential and Commercial
                                                                                                                                      1. Industrial
                                                                                                                                        1. Utility
                                                                                                                                        2. China
                                                                                                                                          1. China Thermal Energy Storage Market, By Storage Material
                                                                                                                                            1. Water
                                                                                                                                              1. Molten Salt
                                                                                                                                                1. PCM
                                                                                                                                                  1. Others
                                                                                                                                                  2. China Thermal Energy Storage Market, By Technology
                                                                                                                                                    1. Sensible Heat
                                                                                                                                                      1. Latent Heat
                                                                                                                                                        1. Thermochemical
                                                                                                                                                        2. China Thermal Energy Storage Market, By Applications
                                                                                                                                                          1. Power Generation
                                                                                                                                                            1. District Heating and Cooling
                                                                                                                                                              1. Process Heating and Cooling
                                                                                                                                                              2. China Thermal Energy Storage Market, By End-User 
                                                                                                                                                                1. Residential and Commercial
                                                                                                                                                                  1. Industrial
                                                                                                                                                                    1. Utility
                                                                                                                                                                  2. Korea
                                                                                                                                                                  3. Japan
                                                                                                                                                                  4. India
                                                                                                                                                                  5. Australia
                                                                                                                                                                  6. Singapore
                                                                                                                                                                  7. Taiwan
                                                                                                                                                                  8. South East Asia
                                                                                                                                                                  9. Rest of Asia-Pacific
                                                                                                                                                                2. Middle East and Africa
                                                                                                                                                                  1. Middle East and Africa Thermal Energy Storage Market, By Storage Material
                                                                                                                                                                    1. Water
                                                                                                                                                                      1. Molten Salt
                                                                                                                                                                        1. PCM
                                                                                                                                                                          1. Others
                                                                                                                                                                          2. Middle East and Africa Thermal Energy Storage Market, By Technology
                                                                                                                                                                            1. Sensible Heat
                                                                                                                                                                              1. Latent Heat
                                                                                                                                                                                1. Thermochemical
                                                                                                                                                                                2. Middle East and Africa Thermal Energy Storage Market, By Applications
                                                                                                                                                                                  1. Power Generation
                                                                                                                                                                                    1. District Heating and Cooling
                                                                                                                                                                                      1. Process Heating and Cooling
                                                                                                                                                                                      2. Middle East and Africa Thermal Energy Storage Market, By End-User 
                                                                                                                                                                                        1. Residential and Commercial
                                                                                                                                                                                          1. Industrial
                                                                                                                                                                                            1. Utility
                                                                                                                                                                                            2. UAE
                                                                                                                                                                                              1. UAE Thermal Energy Storage Market, By Storage Material
                                                                                                                                                                                                1. Water
                                                                                                                                                                                                  1. Molten Salt
                                                                                                                                                                                                    1. PCM
                                                                                                                                                                                                      1. Others
                                                                                                                                                                                                      2. UAE Thermal Energy Storage Market, By Technology
                                                                                                                                                                                                        1. Sensible Heat
                                                                                                                                                                                                          1. Latent Heat
                                                                                                                                                                                                            1. Thermochemical
                                                                                                                                                                                                            2. UAE Thermal Energy Storage Market, By Applications
                                                                                                                                                                                                              1. Power Generation
                                                                                                                                                                                                                1. District Heating and Cooling
                                                                                                                                                                                                                  1. Process Heating and Cooling
                                                                                                                                                                                                                  2. UAE Thermal Energy Storage Market, By End-User 
                                                                                                                                                                                                                    1. Residential and Commercial
                                                                                                                                                                                                                      1. Industrial
                                                                                                                                                                                                                        1. Utility
                                                                                                                                                                                                                      2. Turky
                                                                                                                                                                                                                      3. Saudi Arabia
                                                                                                                                                                                                                      4. South Africa
                                                                                                                                                                                                                      5. Egypt
                                                                                                                                                                                                                      6. Nigeria
                                                                                                                                                                                                                      7. Rest of MEA
                                                                                                                                                                                                                    2. LATAM
                                                                                                                                                                                                                      1. LATAM Thermal Energy Storage Market, By Storage Material
                                                                                                                                                                                                                        1. Water
                                                                                                                                                                                                                          1. Molten Salt
                                                                                                                                                                                                                            1. PCM
                                                                                                                                                                                                                              1. Others
                                                                                                                                                                                                                              2. LATAM Thermal Energy Storage Market, By Technology
                                                                                                                                                                                                                                1. Sensible Heat
                                                                                                                                                                                                                                  1. Latent Heat
                                                                                                                                                                                                                                    1. Thermochemical
                                                                                                                                                                                                                                    2. LATAM Thermal Energy Storage Market, By Applications
                                                                                                                                                                                                                                      1. Power Generation
                                                                                                                                                                                                                                        1. District Heating and Cooling
                                                                                                                                                                                                                                          1. Process Heating and Cooling
                                                                                                                                                                                                                                          2. LATAM Thermal Energy Storage Market, By End-User 
                                                                                                                                                                                                                                            1. Residential and Commercial
                                                                                                                                                                                                                                              1. Industrial
                                                                                                                                                                                                                                                1. Utility
                                                                                                                                                                                                                                                2. Brazil
                                                                                                                                                                                                                                                  1. Brazil Thermal Energy Storage Market, By Storage Material
                                                                                                                                                                                                                                                    1. Water
                                                                                                                                                                                                                                                      1. Molten Salt
                                                                                                                                                                                                                                                        1. PCM
                                                                                                                                                                                                                                                          1. Others
                                                                                                                                                                                                                                                          2. Brazil Thermal Energy Storage Market, By Technology
                                                                                                                                                                                                                                                            1. Sensible Heat
                                                                                                                                                                                                                                                              1. Latent Heat
                                                                                                                                                                                                                                                                1. Thermochemical
                                                                                                                                                                                                                                                                2. Brazil Thermal Energy Storage Market, By Applications
                                                                                                                                                                                                                                                                  1. Power Generation
                                                                                                                                                                                                                                                                    1. District Heating and Cooling
                                                                                                                                                                                                                                                                      1. Process Heating and Cooling
                                                                                                                                                                                                                                                                      2. Brazil Thermal Energy Storage Market, By End-User 
                                                                                                                                                                                                                                                                        1. Residential and Commercial
                                                                                                                                                                                                                                                                          1. Industrial
                                                                                                                                                                                                                                                                            1. Utility
                                                                                                                                                                                                                                                                          2. Mexico
                                                                                                                                                                                                                                                                          3. Argentina
                                                                                                                                                                                                                                                                          4. Chile
                                                                                                                                                                                                                                                                          5. Colombia
                                                                                                                                                                                                                                                                          6. Rest of LATAM

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