Futurewise Research

  As the world transitions toward renewable energy sources, one technology is emerging as a critical enabler of this transformation: thermal energy storage (TES) . This innovative solution addresses one of the most significant challenges in renewable energy – intermittency – by storing excess thermal energy for later use when demand peaks or renewable generation drops. Explore the Full Report - https://futuremarketanalytics.com/report/thermal-energy-storage-market/ Market Overview and Growth Trajectory The thermal energy storage market is experiencing remarkable growth across multiple forecasts and segments. The thermal energy storage systems market was valued at USD 54.4 billion in 2024 and is estimated to grow at a CAGR of 5.6% from 2025 to 2034. However, market valuations vary significantly depending on scope and methodology, with some analysts projecting even more aggressive growth rates. The global thermal energy storage market size was valued at USD 7.5 Billion in 2024 ...