The Molten Salt Thermal Energy Storage Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Molten Salt Thermal Energy Storage Market?
The market size of the molten salt thermal energy storage has experienced swift growth recently. It expanded from a value of $4.8 billion in 2024 to $5.5 billion in 2025, with a compound annual growth rate (CAGR) of 14.6%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Molten Salt Thermal Energy Storage Industry?
The Molten Salt Thermal Energy Storage market is expected to increase to a value of $9.38 billion by 2029, with a compound annual growth rate (CAGR) of 14.3%.
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What are the Key Growth Drivers Fueling the Molten Salt Thermal Energy Storage Market?
The key drivers in the molten salt thermal energy storage market are:
•Increased demand for renewable energy sources
•Flourishing use of molten salt thermal energy storage in solar energy generation
•Growth in concentration solar power plants using molten salt thermal storage technology
•Rapid expansion and innovation in the energy generation sector
Global Market Segmentation: Identifying Major Molten Salt Thermal Energy Storage Industry Segments
The molten salt thermal energy storage market covered in this report is segmented –
1) By Type: Sensible Heat Storage, Latent Heat Storage, Thermochemical Heat Storage
2) By Technology: Parabolic Trough, Power Tower, Fresnel Reflector
3) By Application: Heating, Ventilation And Air Conditioning (HVAC) Systems, Heat Transfer Fluid Systems, Combined Heat And Power Generators, Other Applications
4) By End-Use Industry: Energy Generation, Residential, Commercial, Industrial
Subsegments:
1) By Sensible Heat Storage: Direct Sensible Heat Storage, Indirect Sensible Heat Storage
2) By Latent Heat Storage: Phase Change Materials (PCMs), Salt Hydrates, Organic PCMs
3) By Thermochemical Heat Storage: Reversible Chemical Reactions, Solid-Gas Reactions, Solid-Solid Reactions
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What are the emerging Trends Shaping the Future of the Molten Salt Thermal Energy Storage Market?
The key trends in the molten salt thermal energy storage market are:
•The market is seeing a greater adoption of molten salt thermal energy storage technology.
•The development of power transmission systems is becoming a significant trend.
•Extensive use of technology within this sector is a growing trend.
•Technological innovations and next-generation molten salt reactor systems are shaping the future of the market.
Who Are the Top Competitors & Leading Players in the Molten Salt Thermal Energy Storage Market?
Major players in the molten salt thermal energy storage market are:
• Engie SA
• Siemens AG
• Mitsubishi Hitachi Power Systems
• Yara International ASA
• Acciona S.A.
• Orano
• Sulzer Ltd.
• Abengoa SA
• SENER Grupo de Ingenieria S.A.
• Kraftanlagen München GmbH
• Ferrostaal AG
• Torresol Energy Group
• BrightSource Energy Inc.
• CSP Services
• Aalborg CSP
• TSK Group
• HeliosCSP
• SolarReserve LLC
• ACWA Power
• Caldwell Energy Company
Regional Dominance: Which Area Leads the Global Template Market?
Europe was the largest region in the molten salt thermal energy storage market in 2024
