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The global Thermal Energy Storage (TES) market was valued at US$ 3927.7 million in 2022 and is projected to reach US$ 5917.1 million by 2029, at a CAGR of 6.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The heat storage medium absorbs solar radiation or other carriers' heat stored in the medium, which is released when the ambient temperature is lower than the medium temperature
This report aims to provide a comprehensive presentation of the global market for Thermal Energy Storage (TES), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Thermal Energy Storage (TES). This report contains market size and forecasts of Thermal Energy Storage (TES) in global, including the following market information:
Global Thermal Energy Storage (TES) Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The main factors driving this market growth include economic growth, population growth, rapid urbanization and new technologies in equipment.
We surveyed the Thermal Energy Storage (TES) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:

• Sensible Heat Regenerative
• Latent Heat Storage
• Thermochemical Mode

• Residential
• Industrial

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

• Key companies Thermal Energy Storage (TES) revenues in global market, 2018-2023 (estimated), ($ millions)
• Key companies Thermal Energy Storage (TES) revenues share in global market, 2022 (%)

• SolarReserve
• Calmac
• Abengoa Solar
• BrightSource Energy
• Ice Energy
• Brenmiller Energy
• Terrafore Technologies
• Aalborg
• Cristopia Energy Systems
• SunCan
• SaltX Technology Holding
• Cryogel

Chapter 1: Introduces the definition of Thermal Energy Storage (TES), market overview.
Chapter 2: Global Thermal Energy Storage (TES) market size in revenue.
Chapter 3: Detailed analysis of Thermal Energy Storage (TES) company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Thermal Energy Storage (TES) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.