The thermal energy storage market is set for growth
Global cumulative energy storage capacity, 2015–30
Electromechanical
Electrochemical
Thermal storage
0
100
200
300
400
500
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
149.4
1.6
1.7
156.9
2.8
2.1
160.3
4.1
2.4
161
7.4
3.3
161.8
10.8
4.1
164.1
15.8
4.5
166.9
20.8
5
174
27.4
5.6
179.5
36.7
6.2
184.3
49.6
7
191.2
67.3
7.9
198.7
92.2
9
207
127.4
10.2
214.7
177.5
11.7
221.7
249.5
13.6
229.5
353.9
16
GlobalData