Canada Thermal Energy Storage Materials Market Size & Outlook
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Canada thermal energy storage materials market highlights
- The Canada thermal energy storage materials market generated a revenue of USD 153.5 million in 2024 and is expected to reach USD 283.3 million by 2033.
- The Canada market is expected to grow at a CAGR of 7% from 2025 to 2033.
- In terms of segment, sensible heat storage materials was the largest revenue generating material type in 2024.
- Thermochemical Storage Materials is the most lucrative material type segment registering the fastest growth during the forecast period.
Thermal energy storage materials market data book summary
| Market revenue in 2024 | USD 153.5 million |
| Market revenue in 2033 | USD 283.3 million |
| Growth rate | 7% (CAGR from 2025 to 2033) |
| Largest segment | Sensible heat storage materials |
| Fastest growing segment | Thermochemical Storage Materials |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Sensible Heat Storage Materials, Latent Heat Storage Materials, Thermochemical Storage Materials |
Other key industry trends
- In terms of revenue, Canada accounted for 2.8% of the global thermal energy storage materials market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. thermal energy storage materials market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 173.4 million by 2033.
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Thermal Energy Storage Materials Market Scope
Thermal Energy Storage Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Rondo Energy | View profile | 101-250 | Oakland, California, United States, North America | https://www.rondo.energy |
| EnergyNest | View profile | 11-50 | Asker, Akershus, Norway, Europe | http://www.energy-nest.com/ |
| Heliac | View profile | 11-50 | Nivaa, Hovedstaden, Denmark, Europe | https://heliac.dk |
| CALMAC Corp | View profile | 51-100 | Fair Lawn, New Jersey, United States, North America | http://www.calmac.com/ |
| Lumenion | View profile | 11-50 | Berlin, Berlin, Germany, Europe | https://lumenion.com |
| Antora Energy | View profile | 11-50 | Sunnyvale, California, United States, North America | https://www.antoraenergy.com/ |
| Brenmiller Energy | View profile | 51-100 | Tel Aviv, Tel Aviv, Israel, Asia | http://bren-energy.com/ |
| DN Tanks | View profile | 251-500 | Cajon, Araucania, Chile, South America | http://dntanks.com |
Canada thermal energy storage materials market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to thermal energy storage materials market will help companies and investors design strategic landscapes.
Sensible heat storage materials was the largest segment with a revenue share of 55.18% in 2024. Horizon Databook has segmented the Canada thermal energy storage materials market based on sensible heat storage materials, latent heat storage materials, thermochemical storage materials covering the revenue growth of each sub-segment from 2021 to 2033.
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Target buyers of Canada thermal energy storage materials market databook
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Our clientele includes a mix of thermal energy storage materials market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada thermal energy storage materials market , including forecasts for subscribers. This country databook contains high-level insights into Canada thermal energy storage materials market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Canada thermal energy storage materials market size, by material type, 2021-2033 (US$M)
Canada Thermal Energy Storage Materials Market Outlook Share, 2024 & 2033 (US$M)
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