Lucintel Forecasts the Global Thermal Battery Market to Grow with a CAGR of 12.6% from 2025 to 2031

Lucintel Forecasts the Global Thermal Battery Market to Grow with a CAGR of 12.6% from 2025 to 2031

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According to a market report by Lucintel, the future of the global thermal battery market looks promising with opportunities in the military, aeronautic, and home markets. The global thermal battery market is expected to grow with a CAGR of 12.6% from 2025 to 2031. The major drivers for this market are increase in demand for energy storage solutions, the rising focus on renewable energy adoption, and the growing need for long-duration energy storage.

A more than 150-page report to understand trends, opportunity and forecast in global thermal battery market to 2031 by type (encapsulated and unencapsulated), application (military, aeronautic, and home), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that, within the type category, encapsulated is expected to witness higher growth over the forecast period due to the increase in demand for reliable energy storage.

Within the application category, military is expected to witness the highest growth due to the rising focus on energy independence.

In terms of region, APAC is expected to witness the highest growth over the forecast period due to the growing investments in energy storage.

Trane, CALMAC, EaglePicher, Sunamp, ASB Group, Diehl Energy Products, EnergyNest are the major suppliers in the thermal battery market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056