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

The global Energy Storage Thermal Management market size is predicted to grow from US$ 480 million in 2025 to US$ 816 million in 2031; it is expected to grow at a CAGR of 9.2% from 2025 to 2031.

Energy storage is a key technology in facilitating renewable energy market penetration and battery energy storage systems have seen considerable investment for this purpose. Large battery installations such as energy storage systems and uninterruptible power supplies can generate substantial heat in operation, and thermal management is necessary in the system.

Due to the rapid development of the wind power and photovoltaic industry, as well as the increasing awareness of environmental protection in various countries, the energy storage industry is becoming one of the key technologies, which is used in many countries to advance the carbon neutral target process today. The United States, China and Japan occupied the leading position in the installed capacity of energy storage projects, among which the United States is the world"s largest energy storage market. The European Union established the European Battery Alliance (EBA) in 2017, aiming to escape the EU"s dependence on Asian manufacturers in the battery storage field. According to Data Europa’s statistics, the cumulative installed capacity has reached 48.38GW in 2020. At present, pumped storage accounts for 94% of the energy storage market in Europe, with Spain and Germany having the largest capacity. According to BNEF data, electrochemical energy storage in the United States added 3.97GW / 10.88 GWh in 2021. In terms of power, it accounted for 40% of the global increase. In 2022, the United States passed the IRA, which subsidized independent energy storage for the first time. Under the ITC, new energy storage projects could offset up to 47% of the investment. The effect of the policy has initially appeared, and the energy storage industry in the United States shows an upward trend.

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

This Insight Report provides a comprehensive analysis of the global Energy Storage Thermal Management 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 Energy Storage Thermal Management portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Energy Storage Thermal Management market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Energy Storage Thermal Management 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 Energy Storage Thermal Management.

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

Segmentation by Type:
Air Cooling
Liquid Cooling

Segmentation by Application:
Electrical and Electronics
New Energy Vehicles
Communication Base Station
Data Center
Others

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.
ITB Group
CIC energiGUNE
Trane
Hotstart
Viking Cold Solutions
ADA Technologies
Rovilus
Carrar
Yotta Energy
Envicool
Zhejiang Sanhua
Aotecar

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