Thermal Energy Storage Market Size & Share, by Technology (Sensible, Latent); Storage Material (Water, Molten, PCM, Salts); Application (Heating & Cooling, Power Generation); End-user (Residential, Commercial & Industrial, Utilities) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4784
  • Published Date: Apr 04, 2023
  • Report Format: PDF, PPT

Companies Dominating the Thermal Energy Storage Landscape

    • New BrightSource, Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Abengoa SA
    • Terrafore Technologies LLC
    • Baltimore Aircoil Company
    • Ice Energy Heat Pumps Ltd.
    • Caldwell Partners International Inc.
    • Cryogel
    • Steffes, LLC
    • Enel S.p.A
    • Brenmiller Energy Ltd.

Browse Key Market Insights with Data Illustration:


In The News

  • The Enel Group in partnership with Brenmiller Energy Ltd. Launched a new energy storage system in Snata Barabara, Tuscany. it is an innovative thermal storage system that is fully sustainable and capable of accelerating the energy transition.

  • Brenmiller Energy Ltd. announced the automation of thermal energy storage in its production unit in Dimona, Israel. The first production is expected to begin by May 2023. Furthermore, by the end of 2023, it is anticipated that full production capacity for up to 4,000 MWh of clean energy bGen TES modules yearly will be reached.

Author Credits:  Payel Roy, Dhruv Bhatia

  • Report ID: 4784
  • Published Date: Apr 04, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing production of electricity, rising investment in smart cities development, and growing production of renewable energy are the major factors driving the market growth.

The market size of thermal energy storage is anticipated to attain a CAGR of 17.40% over the forecast period, i.e., 2023-2035.

Lack of storage facilities and high initial investment for developing thermal energy storage are estimated to be the growth hindering factors for the market expansion.

The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are New BrightSource, Ltd., Steffes, LLC, Abengoa SA, Terrafore Technologies LLC, Baltimore Aircoil Company, Ice Energy Heat Pumps Ltd., Caldwell Partners International Inc., Cryogel, Enel S.p.A, and Brenmiller Energy Ltd.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by technology, storage material, application, end user, and by region.

The heating & cooling segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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