What is the current valuation of the US thermal energy-storage market?

The market valuation was $28.08 Billion in 2024. Read More

What is the projected market size for the US thermal energy-storage market by 2035?

The market is expected to reach $140.35 Billion by 2035. Read More

What is the expected CAGR for the US thermal energy-storage market during the forecast period 2025 - 2035?

The expected CAGR is 15.75% during the forecast period. Read More

Which technology segment holds the highest valuation in the US thermal energy-storage market?

The Ice Storage segment had a valuation of $9.94 Billion in 2024. Read More

What are the key applications of thermal energy storage in the US market?

Building Heating and Cooling had a valuation of $8.65 Billion in 2024. Read More

Which material used in thermal energy storage had the highest valuation in 2024?

Natural Materials had a valuation of $8.0 Billion in 2024. Read More

What is the valuation of the 100-500 MWh storage capacity segment in 2024?

The 100-500 MWh storage capacity segment was valued at $10.0 Billion in 2024. Read More

Who are the leading companies in the US thermal energy-storage market?

Key players include Abengoa, Siemens, EnergyNest, and BrightSource Energy. Read More

What was the valuation of the Concentrated Solar Power application in 2024?

The Concentrated Solar Power application was valued at $8.43 Billion in 2024. Read More

How does the valuation of the Water Thermal Storage segment compare to others?

Water Thermal Storage had a valuation of $6.78 Billion in 2024, indicating strong market presence. Read More

US Thermal Energy Storage Market

ID: MRFR/EnP/14122-HCR

100 Pages

Garvit Vyas

Last Updated: April 06, 2026

US Thermal Energy Storage Market Research Report By Technology (Molten Salt Storage, Water Thermal Storage, Phase Change Materials, Ice Storage), By Storage Capacity (Less than 100 MWh, 100-500 MWh, 500-1000 MWh, More than 1000 MWh), By Application (District Heating, Industrial Processes, Concentrated Solar Power, Building Heating and Cooling) and By Material Used (Concrete, Steel, Natural Materials, Composite Materials) - Forecast to 2035

US Thermal Energy Storage Market Infographic

Summary Table of Contents Segmentation Download PDF

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1 SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS
1. 1.1 EXECUTIVE SUMMARY
  1. 1.1.1 Market Overview
  2. 1.1.2 Key Findings
  3. 1.1.3 Market Segmentation
  4. 1.1.4 Competitive Landscape
  5. 1.1.5 Challenges and Opportunities
  6. 1.1.6 Future Outlook
2 SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE
1. 2.1 MARKET INTRODUCTION
  1. 2.1.1 Definition
  2. 2.1.2 Scope of the study
    1. 2.1.2.1 Research Objective
    2. 2.1.2.2 Assumption
    3. 2.1.2.3 Limitations
2. 2.2 RESEARCH METHODOLOGY
  1. 2.2.1 Overview
  2. 2.2.2 Data Mining
  3. 2.2.3 Secondary Research
  4. 2.2.4 Primary Research
    1. 2.2.4.1 Primary Interviews and Information Gathering Process
    2. 2.2.4.2 Breakdown of Primary Respondents
  5. 2.2.5 Forecasting Model
  6. 2.2.6 Market Size Estimation
    1. 2.2.6.1 Bottom-Up Approach
    2. 2.2.6.2 Top-Down Approach
  7. 2.2.7 Data Triangulation
  8. 2.2.8 Validation
3 SECTION III: QUALITATIVE ANALYSIS
1. 3.1 MARKET DYNAMICS
  1. 3.1.1 Overview
  2. 3.1.2 Drivers
  3. 3.1.3 Restraints
  4. 3.1.4 Opportunities
2. 3.2 MARKET FACTOR ANALYSIS
  1. 3.2.1 Value chain Analysis
  2. 3.2.2 Porter's Five Forces Analysis
    1. 3.2.2.1 Bargaining Power of Suppliers
    2. 3.2.2.2 Bargaining Power of Buyers
    3. 3.2.2.3 Threat of New Entrants
    4. 3.2.2.4 Threat of Substitutes
    5. 3.2.2.5 Intensity of Rivalry
  3. 3.2.3 COVID-19 Impact Analysis
    1. 3.2.3.1 Market Impact Analysis
    2. 3.2.3.2 Regional Impact
    3. 3.2.3.3 Opportunity and Threat Analysis
4 SECTION IV: QUANTITATIVE ANALYSIS
1. 4.1 Food, Beverages & Nutrition, BY Technology (USD Billion)
  1. 4.1.1 Molten Salt Storage
  2. 4.1.2 Water Thermal Storage
  3. 4.1.3 Phase Change Materials
  4. 4.1.4 Ice Storage
2. 4.2 Food, Beverages & Nutrition, BY Storage Capacity (USD Billion)
  1. 4.2.1 Less than 100 MWh
  2. 4.2.2 100-500 MWh
  3. 4.2.3 500-1000 MWh
  4. 4.2.4 More than 1000 MWh
3. 4.3 Food, Beverages & Nutrition, BY Application (USD Billion)
  1. 4.3.1 District Heating
  2. 4.3.2 Industrial Processes
  3. 4.3.3 Concentrated Solar Power
  4. 4.3.4 Building Heating and Cooling
4. 4.4 Food, Beverages & Nutrition, BY Material Used (USD Billion)
  1. 4.4.1 Concrete
  2. 4.4.2 Steel
  3. 4.4.3 Natural Materials
  4. 4.4.4 Composite Materials
5 SECTION V: COMPETITIVE ANALYSIS
1. 5.1 Competitive Landscape
  1. 5.1.1 Overview
  2. 5.1.2 Competitive Analysis
  3. 5.1.3 Market share Analysis
  4. 5.1.4 Major Growth Strategy in the Food, Beverages & Nutrition
  5. 5.1.5 Competitive Benchmarking
  6. 5.1.6 Leading Players in Terms of Number of Developments in the Food, Beverages & Nutrition
  7. 5.1.7 Key developments and growth strategies
    1. 5.1.7.1 New Product Launch/Service Deployment
    2. 5.1.7.2 Merger & Acquisitions
    3. 5.1.7.3 Joint Ventures
  8. 5.1.8 Major Players Financial Matrix
    1. 5.1.8.1 Sales and Operating Income
    2. 5.1.8.2 Major Players R&D Expenditure. 2023
2. 5.2 Company Profiles
  1. 5.2.1 Abengoa (ES)
    1. 5.2.1.1 Financial Overview
    2. 5.2.1.2 Products Offered
    3. 5.2.1.3 Key Developments
    4. 5.2.1.4 SWOT Analysis
    5. 5.2.1.5 Key Strategies
  2. 5.2.2 Siemens (DE)
    1. 5.2.2.1 Financial Overview
    2. 5.2.2.2 Products Offered
    3. 5.2.2.3 Key Developments
    4. 5.2.2.4 SWOT Analysis
    5. 5.2.2.5 Key Strategies
  3. 5.2.3 EnergyNest (NO)
    1. 5.2.3.1 Financial Overview
    2. 5.2.3.2 Products Offered
    3. 5.2.3.3 Key Developments
    4. 5.2.3.4 SWOT Analysis
    5. 5.2.3.5 Key Strategies
  4. 5.2.4 Danfoss (DK)
    1. 5.2.4.1 Financial Overview
    2. 5.2.4.2 Products Offered
    3. 5.2.4.3 Key Developments
    4. 5.2.4.4 SWOT Analysis
    5. 5.2.4.5 Key Strategies
  5. 5.2.5 CSP Services (US)
    1. 5.2.5.1 Financial Overview
    2. 5.2.5.2 Products Offered
    3. 5.2.5.3 Key Developments
    4. 5.2.5.4 SWOT Analysis
    5. 5.2.5.5 Key Strategies
  6. 5.2.6 BrightSource Energy (US)
    1. 5.2.6.1 Financial Overview
    2. 5.2.6.2 Products Offered
    3. 5.2.6.3 Key Developments
    4. 5.2.6.4 SWOT Analysis
    5. 5.2.6.5 Key Strategies
  7. 5.2.7 SolarReserve (US)
    1. 5.2.7.1 Financial Overview
    2. 5.2.7.2 Products Offered
    3. 5.2.7.3 Key Developments
    4. 5.2.7.4 SWOT Analysis
    5. 5.2.7.5 Key Strategies
  8. 5.2.8 Aalborg CSP (DK)
    1. 5.2.8.1 Financial Overview
    2. 5.2.8.2 Products Offered
    3. 5.2.8.3 Key Developments
    4. 5.2.8.4 SWOT Analysis
    5. 5.2.8.5 Key Strategies
3. 5.3 Appendix
  1. 5.3.1 References
  2. 5.3.2 Related Reports
6 LIST OF FIGURES
1. 6.1 MARKET SYNOPSIS
2. 6.2 US MARKET ANALYSIS BY TECHNOLOGY
3. 6.3 US MARKET ANALYSIS BY STORAGE CAPACITY
4. 6.4 US MARKET ANALYSIS BY APPLICATION
5. 6.5 US MARKET ANALYSIS BY MATERIAL USED
6. 6.6 KEY BUYING CRITERIA OF FOOD, BEVERAGES & NUTRITION
7. 6.7 RESEARCH PROCESS OF MRFR
8. 6.8 DRO ANALYSIS OF FOOD, BEVERAGES & NUTRITION
9. 6.9 DRIVERS IMPACT ANALYSIS: FOOD, BEVERAGES & NUTRITION
10. 6.10 RESTRAINTS IMPACT ANALYSIS: FOOD, BEVERAGES & NUTRITION
11. 6.11 SUPPLY / VALUE CHAIN: FOOD, BEVERAGES & NUTRITION
12. 6.12 FOOD, BEVERAGES & NUTRITION, BY TECHNOLOGY, 2024 (% SHARE)
13. 6.13 FOOD, BEVERAGES & NUTRITION, BY TECHNOLOGY, 2024 TO 2035 (USD Billion)
14. 6.14 FOOD, BEVERAGES & NUTRITION, BY STORAGE CAPACITY, 2024 (% SHARE)
15. 6.15 FOOD, BEVERAGES & NUTRITION, BY STORAGE CAPACITY, 2024 TO 2035 (USD Billion)
16. 6.16 FOOD, BEVERAGES & NUTRITION, BY APPLICATION, 2024 (% SHARE)
17. 6.17 FOOD, BEVERAGES & NUTRITION, BY APPLICATION, 2024 TO 2035 (USD Billion)
18. 6.18 FOOD, BEVERAGES & NUTRITION, BY MATERIAL USED, 2024 (% SHARE)
19. 6.19 FOOD, BEVERAGES & NUTRITION, BY MATERIAL USED, 2024 TO 2035 (USD Billion)
20. 6.20 BENCHMARKING OF MAJOR COMPETITORS
7 LIST OF TABLES
1. 7.1 LIST OF ASSUMPTIONS
7.1.1
1. 7.2 US MARKET SIZE ESTIMATES; FORECAST
  1. 7.2.1 BY TECHNOLOGY, 2025-2035 (USD Billion)
  2. 7.2.2 BY STORAGE CAPACITY, 2025-2035 (USD Billion)
  3. 7.2.3 BY APPLICATION, 2025-2035 (USD Billion)
  4. 7.2.4 BY MATERIAL USED, 2025-2035 (USD Billion)
2. 7.3 PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
7.3.1
1. 7.4 ACQUISITION/PARTNERSHIP
7.4.1

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US Food, Beverages & Nutrition Market Segmentation

Food, Beverages & Nutrition By Technology (USD Billion, 2025-2035)

Molten Salt Storage
Water Thermal Storage
Phase Change Materials
Ice Storage

Food, Beverages & Nutrition By Storage Capacity (USD Billion, 2025-2035)

Less than 100 MWh
100-500 MWh
500-1000 MWh
More than 1000 MWh

Food, Beverages & Nutrition By Application (USD Billion, 2025-2035)

District Heating
Industrial Processes
Concentrated Solar Power
Building Heating and Cooling

Food, Beverages & Nutrition By Material Used (USD Billion, 2025-2035)

Concrete
Steel
Natural Materials
Composite Materials

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