Thermochemical Energy Storage Market Growth Forecast 2025-2035

The thermochemical energy storage market will likely expand significantly, reaching $852 million by 2035. Increasing demand for efficient energy management drives this growth, according to a new report. The market, valued at $185 million in 2025, anticipates a compound annual growth rate (CAGR) of 16.5% over the next decade. From 2025 to 2030, the market expects to climb to approximately $385 million. This initial surge stems from wider adoption of thermochemical storage systems alongside upgrades to existing energy infrastructure. The period between 2030 and 2035 should see further expansion, reaching the projected $852 million. This later growth is fueled by broader market penetration of comprehensive energy storage platforms and their integration with renewable energy sources. Chemical heat pumps are expected to lead the market. Sorption systems and chemical reactions will also gain importance. Energy companies are prioritizing operational cost optimization and grid stability, further boosting demand. Germany and the United States are predicted to be key players, focusing on renewable energy integration and infrastructure modernization. The need for grid stabilization and efficient energy handling continues to propel the thermochemical energy storage sector forward.