Thermal Energy Storage Market Size to Expand Significantly by the End of 2026

Stratview Research has recently published a report on the Thermal Energy Storage Market. This strategically evaluated report provides a detailed overview that presents today's market scenario and future possibilities, as well as market intelligence and information, for a 5-year period from 2021 to 2026. 


Thermal Energy Storage Market Segment Analysis:

Stratview Research’s report discusses the segment-wise current market condition. Also, it offers an estimation of future growth opportunities. As per the estimation, the Thermal Energy Storage Market is likely to witness an impressive CAGR of 17.5% during the forecast period.

Key Players

The market for Thermal Energy Storage Market is highly consolidated with the strong presence of key players such as-


  • Ice Energy

  • Abengoa Solar

  • Solar Reserve

  • Baltimore Aircoil Company

  • TAS Energy

  • Steffes Corporation

  • Burns & McDonnell

  • DN Tanks

  • Caldwell Energy Company

  • Goss Engineering

  • Fafco

  • Bright Source Energy

  • Cryogel

  • Evapco


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As per the report, the market is segmented by:


·        by Storage Material Type (Water, Molten Salt, PCM, and Others),

·        by Technology Type (Sensible Heat, Latent Heat, and Thermochemical),

·        by Application Type (Power Generation, District Heating & Cooling, and Process Heating & Cooling),

·        by End-Use Type (Residential & Commercial, Industrial, and Utility), and

·        by Region (North America, Europe, Asia-Pacific, and Rest of the World).



COVID-19 has affected almost every business, irrespective of size, irrespective of region. In the year 2020, the dynamics of the Thermal Energy Storage Market have shifted dramatically. The consumer climate and business practices have evolved significantly, resulting in numerous process changes that will have long-term consequences.


Sneak peek into the Report:

This report serves as a comprehensive source of market analysis. The report's layout has been kept simple in order to have the most business value possible. It offers valuable insights into business dynamics and allows current and potential market participants to make strategic decisions.

The following are the report's key features:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis

  • Market forecast analysis

  • Competitive landscape and dynamics: Market share, product launches, etc.

  • Attractive market segments and associated growth opportunities

  • Emerging trends & Key success factors

Customization of Reports 

Stratview research also offers custom research for market evaluation, competitive benchmarking, sourcing and procurement, target screening, and other services across sectors, in addition to this thorough review.

Research Methodology

Stratview Research's reports are the result of a thorough analysis that combines thorough secondary, and primary interviews with industry leaders, and confirmation using unique internal database and statistical methods. More than 1,000 verified secondary sources, such as annual reports from companies, press releases, fact books, journals, white papers, and blogs are reviewed and analysed.

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