THERMOCHEMICAL ENERGY STORAGE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2026 - 2033)

Thermochemical Energy Storage Market, By Product Type (Sensible Heat Storage, Latent Heat Storage, and Thermochemical Heat Storage), By Technology (Molten Salt Technology, Electric Thermal Storage Heaters, Solar Energy Storage, Ice-based Technology, and Others), By Storage Material (Molten Salt, Phase Change Material, and Water), By Application (Process Heating & Cooling, District Heating & Cooling, Power Generation, Ice storage air-conditioning, and Others), By Geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)

Published In: 31 Dec, 2025
Code: CMI9160
Pages: 140
Formats: Excel and PDF
Industry: Energy
- Historical Range : 2020 - 2024
- Estimated Year : 2025
- Forecast Period : 2026 - 2033

According to Coherent Market Insights, the global thermochemical energy storage market is estimated to be valued at USD 5.76 Bn in 2026 and is expected to reach USD 10.07 Bn by 2033, expanding at a compound annual growth rate (CAGR) of 8.3% from 2026 to 2033.

The global thermochemical energy storage market represents a transformative sector within the renewable energy landscape, offering innovative solutions for long-term energy storage challenges. Thermochemical energy storage systems utilize reversible chemical reactions to store and release thermal energy, providing superior energy density and storage duration compared to conventional thermal storage methods.

Market Dynamics

The global thermochemical energy storage market experiences robust growth driven by several compelling factors, with the primary driver being the accelerating global transition toward renewable energy sources and the critical need for efficient long-term energy storage solutions to address intermittency challenges inherent in solar and wind power generation.

Government initiatives promoting clean energy adoption, including substantial investments in renewable infrastructure and carbon reduction mandates, significantly propel market expansion, while technological advancements in chemical reaction processes and system efficiency improvements enhance the commercial viability of thermochemical storage systems.

Key Features of the Study

This report provides in-depth analysis of the global thermochemical energy storage market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2026–2033), considering 2025 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global thermochemical energy storage market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Siemens AG, Danfoss, Mitsubishi Heavy Industries, Linde AG, Abengoa Solar, TransTherm, Ceres Media, SolarReserve, Raygen Resources, EnergyNest, Areva, Gravitricity, Sunvapor, BASF SE, and Nextera Energy
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global thermochemical energy storage market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global thermochemical energy storage market

Market Segmentation

Product Type Insights (Revenue, USD Bn, 2021 - 2033)
- Sensible Heat Storage
- Latent Heat Storage
- Thermochemical Heat Storage
Technology Insights (Revenue, USD Bn, 2021 - 2033)
- Molten Salt Technology
- Electric Thermal Storage Heaters
- Solar Energy Storage
- Ice-based Technology
- Others
Storage Material Insights (Revenue, USD Bn, 2021 - 2033)
- Molten Salt
- Phase Change Material
- Water
Application Insights (Revenue, USD Bn, 2021 - 2033)
- Process Heating & Cooling
- District Heating & Cooling
- Power Generation
- Ice storage air-conditioning
- Others
Regional Insights (Revenue, USD Bn, 2021 - 2033)
- North America
  - U.S.
  - Canada
- Latin America
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
- Europe
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
- Asia Pacific
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
- Middle East
  - GCC Countries
  - Israel
  - Rest of Middle East
- Africa
  - South Africa
  - North Africa
  - Central Africa
Key Players Insights
- Siemens AG
- Danfoss
- Mitsubishi Heavy Industries
- Linde AG
- Abengoa Solar
- TransTherm
- Ceres Media
- SolarReserve
- Raygen Resources
- EnergyNest
- Areva
- Gravitricity
- Sunvapor
- BASF SE
- Nextera Energy

Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
Market Purview
- Report Description
  - Market Definition and Scope
- Executive Summary
  - Global Thermochemical Energy Storage Market, By Product Type
  - Global Thermochemical Energy Storage Market, By Technology
  - Global Thermochemical Energy Storage Market, By Storage Material
  - Global Thermochemical Energy Storage Market, By Application
  - Global Thermochemical Energy Storage Market, By Region
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trends
Global Thermochemical Energy Storage Market, By Product Type, 2021-2033, (USD Bn)
- Introduction
  - Market Share Analysis, 2026 and 2033 (%)
  - Y-o-Y Growth Analysis, 2022 - 2033
  - Segment Trends
- Sensible Heat Storage
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- Latent Heat Storage
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- Thermochemical Heat Storage
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
Global Thermochemical Energy Storage Market, By Technology, 2021-2033, (USD Bn)
- Introduction
  - Market Share Analysis, 2026 and 2033 (%)
  - Y-o-Y Growth Analysis, 2022 - 2033
  - Segment Trends
- Molten Salt Technology
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- Electric Thermal Storage Heaters
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- Solar Energy Storage
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- Ice-based Technology
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- Others
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
Global Thermochemical Energy Storage Market, By Storage Material, 2021-2033, (USD Bn)
- Introduction
  - Market Share Analysis, 2026 and 2033 (%)
  - Y-o-Y Growth Analysis, 2022 - 2033
  - Segment Trends
- Molten Salt
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- Phase Change Material
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- Water
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
Global Thermochemical Energy Storage Market, By Application, 2021-2033, (USD Bn)
- Introduction
  - Market Share Analysis, 2026 and 2033 (%)
  - Y-o-Y Growth Analysis, 2022 - 2033
  - Segment Trends
- Process Heating & Cooling
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- District Heating & Cooling
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- Power Generation
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- Ice storage air-conditioning
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
- Others
  - Introduction
  - Market Size and Forecast, and Y-o-Y Growth, 2021-2033, (USD Bn)
Global Thermochemical Energy Storage Market, By Region, 2021 - 2033, Value (USD Bn)
- Introduction
  - Market Share (%) Analysis, 2026, 2029 & 2033, Value (USD Bn)
  - Market Y-o-Y Growth Analysis (%), 2022 - 2033, Value (USD Bn)
  - Regional Trends
- North America
  - Introduction
  - Market Size and Forecast, By Product Type, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Technology, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Storage Material, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Application, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Country, 2021 - 2033, Value (USD Bn)
    - U.S.
    - Canada
- Latin America
  - Introduction
  - Market Size and Forecast, By Product Type, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Technology, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Storage Material, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Application, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Country, 2021 - 2033, Value (USD Bn)
    - Brazil
    - Argentina
    - Mexico
    - Rest of Latin America
- Europe
  - Introduction
  - Market Size and Forecast, By Product Type, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Technology, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Storage Material, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Application, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Country, 2021 - 2033, Value (USD Bn)
    - Germany
    - U.K.
    - Spain
    - France
    - Italy
    - Russia
    - Rest of Europe
- Asia Pacific
  - Introduction
  - Market Size and Forecast, By Product Type, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Technology, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Storage Material, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Application, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Country, 2021 - 2033, Value (USD Bn)
    - China
    - India
    - Japan
    - Australia
    - South Korea
    - ASEAN
    - Rest of Asia Pacific
- Middle East
  - Introduction
  - Market Size and Forecast, By Product Type, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Technology, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Storage Material, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Application, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Country, 2021 - 2033, Value (USD Bn)
    - GCC Countries
    - Israel
    - Rest of Middle East
- Africa
  - Introduction
  - Market Size and Forecast, By Product Type, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Technology, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Storage Material, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Application, 2021 - 2033, Value (USD Bn)
  - Market Size and Forecast, By Country/Region, 2021 - 2033, Value (USD Bn)
    - South Africa
    - North Africa
    - Central Africa
Competitive Landscape
- Siemens AG
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Danfoss
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Mitsubishi Heavy Industries
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Linde AG
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Abengoa Solar
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- TransTherm
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Ceres Media
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- SolarReserve
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Raygen Resources
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- EnergyNest
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Areva
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Gravitricity
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Sunvapor
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- BASF SE
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
- Nextera Energy
  - Company Highlights
  - Product Portfolio
  - Key Developments
  - Financial Performance
  - Strategies
Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
References and Research Methodology
- References
- Research Methodology
- About us

*Browse 32 market data tables and 28 figures on ‘Thermochemical Energy Storage Market' - Global forecast to 2033

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