Global Carbon-Free Thermal Energy Storage Market Growth (Status and Outlook) 2025-2031

The global Carbon-Free Thermal Energy Storage market size is predicted to grow from US$ 42620 million in 2025 to US$ 71160 million in 2031; it is expected to grow at a CAGR of 8.9% from 2025 to 2031.

Carbon-free thermal energy storage refers to a technology or system that stores thermal energy without emitting carbon dioxide (CO2) or other greenhouse gases into the atmosphere during the energy storage or retrieval process. This technology is designed to address the need for sustainable and environmentally friendly solutions for storing thermal energy, which can be used for heating, cooling, or electricity generation.

Integration with Renewable Energy Sources:Carbon-free thermal energy storage systems, such as molten salt and phase change materials, were being integrated with renewable energy sources like solar and wind to store excess energy for later use. This integration helps address the intermittent nature of renewable energy generation.

Concentrated Solar Power (CSP) Growth:CSP plants, which use thermal energy storage to store and dispatch solar energy, were gaining traction in regions with high solar potential. The ability to provide power even after the sun sets makes CSP with thermal energy storage an attractive option for grid stability.

LPI (LP Information)' newest research report, the “Carbon-Free Thermal Energy Storage Industry Forecast” looks at past sales and reviews total world Carbon-Free Thermal Energy Storage sales in 2024, providing a comprehensive analysis by region and market sector of projected Carbon-Free Thermal Energy Storage sales for 2025 through 2031. With Carbon-Free Thermal Energy Storage sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Carbon-Free Thermal Energy Storage industry.

This Insight Report provides a comprehensive analysis of the global Carbon-Free Thermal Energy Storage landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Carbon-Free Thermal Energy Storage portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Carbon-Free Thermal Energy Storage market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Carbon-Free Thermal Energy Storage and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Carbon-Free Thermal Energy Storage.

This report presents a comprehensive overview, market shares, and growth opportunities of Carbon-Free Thermal Energy Storage market by product type, application, key players and key regions and countries.

Segmentation by Type:
Wind Energy
Solar Energy
Electrical Energy
Others

Segmentation by Application:
Power Plants
Industrial Facilities
Commercial Facilities

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Abengoa Solar
Siemens
SolarReserve
GE
Bright Source
NGK Insulators
Archimede Solar Energy
Linde
TSK Flagsol
IDhelio
Sunhome
Brenmiller Energy
E2S Power
Baltimore Aircoil
Calmac
Enertrag

Please note: The report will take approximately 2 business days to prepare and deliver.