Thermal Energy Storage Market - Top Companies and Manufacturers

  • Report ID: 4784
  • Published Date: Oct 14, 2024
  • 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:  Dhruv Bhatia


  • Report ID: 4784
  • Published Date: Oct 14, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of thermal energy storage is assessed at USD 35.04 billion.

The thermal energy storage market size was valued at USD 32.93 billion in 2024 and is set to reach USD 80.01 billion by the end of 2037, registering around 7.9% CAGR during the forecast period i.e., between 2025-2037. Increasing production of electricity, rising investment in smart cities development, and growing production of renewable energy will boost the market growth.

North America industry is projected to account for 38% revenue share by 2037, impelled by the increasing demand for heating and cooling systems for the buildings and rising efforts to boost the use of thermal energy in the region.

The major players in the market include New BrightSource, Ltd., 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.
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