The global thermal energy storage market was estimated at 4.4 billion U.S. dollars in 2022. It was forecast to grow at a compound annual growth rate (CAGR) of 7.2 percent until 2030, reaching eight billion dollars that year.
Market size of thermal energy storage worldwide in 2022 with a forecast for 2023 to 2030
(in billion U.S. dollars)
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Market size of thermal energy storage worldwide in 2022 with a forecast for 2023 to 2030
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* Estimate; ** Starting from this year, figures are forecasts
Supplementary notes
For the Statista estimate an exponential development of the values between 2022 and 2030 was assumed to estimate the annual values. The values for 2022 and 2030 were provided by the source.
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Research and Markets, & Statista. (January 15, 2023). Market size of thermal energy storage worldwide in 2022 with a forecast for 2023 to 2030 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 10, 2025, from https://www.statista.com/statistics/1304464/global-thermal-energy-storage-market-value/
Research and Markets, und Statista. "Market size of thermal energy storage worldwide in 2022 with a forecast for 2023 to 2030 (in billion U.S. dollars)." Chart. January 15, 2023. Statista. Accessed May 10, 2025. https://www.statista.com/statistics/1304464/global-thermal-energy-storage-market-value/
Research and Markets, Statista. (2023). Market size of thermal energy storage worldwide in 2022 with a forecast for 2023 to 2030 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 10, 2025. https://www.statista.com/statistics/1304464/global-thermal-energy-storage-market-value/
Research and Markets, and Statista. "Market Size of Thermal Energy Storage Worldwide in 2022 with a Forecast for 2023 to 2030 (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Jan 2023, https://www.statista.com/statistics/1304464/global-thermal-energy-storage-market-value/
Research and Markets & Statista, Market size of thermal energy storage worldwide in 2022 with a forecast for 2023 to 2030 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1304464/global-thermal-energy-storage-market-value/ (last visited May 10, 2025)
Market size of thermal energy storage worldwide in 2022 with a forecast for 2023 to 2030 (in billion U.S. dollars) [Graph], Research and Markets, & Statista, January 15, 2023. [Online]. Available: https://www.statista.com/statistics/1304464/global-thermal-energy-storage-market-value/
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