2023-2031 Report on Global Thermal Battery Market by Player, Region, Type, Application and Sales Channel
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The global Thermal Battery market size is estimated to be $92 million in 2023, and Market IntelliX analysts predict it will reach $164 million by 2031, growing at a CAGR of 7.5% during the forecast period from 2023 to 2031.
This report studies the Thermal Battery market, covering market size for segment by type (Phase Change Thermal Batteries, Encapsulated Thermal Batteries, etc.), by application (Aerospace & Aviation, Military & Defense, etc.), by sales channel (Direct Channel, Distribution Channel), by player (EnerSys, ASB GROUP, Missiles & Space Batteries, EaglePicher Technologies, EnergyNest, etc.) and by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).
This report provides detailed historical analysis of global market for Thermal Battery from 2017-2022, and provides extensive market forecasts from 2023-2031 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the Thermal Battery market.
Leading Players of Thermal Battery including:
EnerSys
ASB GROUP
Missiles & Space Batteries
EaglePicher Technologies
EnergyNest
Advanced Thermal Batteries
DFR Solutions
Tubitak
SINOEV Technologies
Diehl Group
Wuhan JOHO Technologies
Market split by Type:
Phase Change Thermal Batteries
Encapsulated Thermal Batteries
Unencapsulated Thermal Batteries
Others
Market split by Application:
Aerospace & Aviation
Military & Defense
Utilities
Others
Market split by Sales Channel:
Direct Channel
Distribution Channel
Market split by Region/Country:
North America (United States and Canada)
Europe (Germany, UK, France, Italy, Spain, and Russia, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia, etc.)
South America (Brazil, Mexico, and Argentina, etc.)
Middle East & Africa (Turkey, UAE, Saudi Arabia, and South Africa, etc.)
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Chapter 1 Thermal Battery Market Overview
1.1 Thermal Battery Definition
1.2 Global Thermal Battery Market Size Status and Outlook (2017-2031)
1.3 Global Thermal Battery Market Size Comparison by Region (2017-2031)
1.4 Global Thermal Battery Market Size Comparison by Type (2017-2031)
1.5 Global Thermal Battery Market Size Comparison by Application (2017-2031)
1.6 Global Thermal Battery Market Size Comparison by Sales Channel (2017-2031)
1.7 Thermal Battery Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Merger/Acquisition/Expansion)
1.7.4 Key Trends in Thermal Battery Market
Chapter 2 Thermal Battery Market Competition by Player
2.1 Global Thermal Battery Sales and Market Share by Player (2020-2022)
2.2 Global Thermal Battery Revenue and Market Share by Player (2020-2022)
2.3 Global Thermal Battery Average Price by Player (2020-2022)
2.4 Players Competition Situation & Trends
2.5 Conclusion of Segment by Player
Chapter 3 Thermal Battery Market Segment by Type
3.1 Global Thermal Battery Market by Type
3.1.1 Phase Change Thermal Batteries
3.1.2 Encapsulated Thermal Batteries
3.1.3 Unencapsulated Thermal Batteries
3.1.4 Others
3.2 Global Thermal Battery Sales and Market Share by Type (2017-2022)
3.3 Global Thermal Battery Revenue and Market Share by Type (2017-2022)
3.4 Global Thermal Battery Average Price by Type (2017-2022)
3.5 Conclusion of Segment by Type
Chapter 4 Thermal Battery Market Segment by Application
4.1 Global Thermal Battery Market by Application
4.1.1 Aerospace & Aviation
4.1.2 Military & Defense
4.1.3 Utilities
4.1.4 Others
4.2 Global Thermal Battery Revenue and Market Share by Application (2017-2022)
4.3 Conclusion of Segment by Application
Chapter 5 Thermal Battery Market Segment by Sales Channel
5.1 Global Thermal Battery Market by Sales Channel
5.1.1 Direct Channel
5.1.2 Distribution Channel
5.2 Global Thermal Battery Revenue and Market Share by Sales Channel (2017-2022)
5.3 Conclusion of Segment by Sales Channel
Chapter 6 Thermal Battery Market Segment by Region & Country
6.1 Global Thermal Battery Market Size and CAGR by Region (2017-2031)
6.2 Global Thermal Battery Sales and Market Share by Region (2017-2022)
6.3 Global Thermal Battery Revenue and Market Share by Region (2017-2022)
6.4 North America
6.4.1 North America Market by Country
6.4.2 North America Thermal Battery Market Share by Type
6.4.3 North America Thermal Battery Market Share by Application
6.4.4 United States
6.4.5 Canada
6.5 Europe
6.5.1 Europe Market by Country
6.5.2 Europe Thermal Battery Market Share by Type
6.5.3 Europe Thermal Battery Market Share by Application
6.5.4 Germany
6.5.5 UK
6.5.6 France
6.5.7 Italy
6.5.8 Spain
6.5.9 Russia
6.6 Asia-Pacific
6.6.1 Asia-Pacific Market by Country
6.6.2 Asia-Pacific Thermal Battery Market Share by Type
6.6.3 Asia-Pacific Thermal Battery Market Share by Application
6.6.4 China
6.6.5 Japan
6.6.6 Korea
6.6.7 India
6.6.8 Southeast Asia
6.6.9 Australia
6.7 South America
6.7.1 South America Market by Country
6.7.2 South America Thermal Battery Market Share by Type
6.7.3 South America Thermal Battery Market Share by Application
6.7.4 Brazil
6.7.5 Mexico
6.7.6 Argentina
6.7.7 Colombia
6.8 Middle East & Africa
6.8.1 Middle East & Africa Market by Country
6.8.2 Middle East & Africa Thermal Battery Market Share by Type
6.8.3 Middle East & Africa Thermal Battery Market Share by Application
6.8.4 Turkey
6.8.5 UAE
6.8.6 Saudi Arabia
6.8.7 South Africa
6.9 Conclusion of Segment by Region
Chapter 7 Profile of Leading Thermal Battery Players
7.1 EnerSys
7.1.1 Company Snapshot
7.1.2 Product/Service Offered
7.1.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
7.2 ASB GROUP
7.3 Missiles & Space Batteries
7.4 EaglePicher Technologies
7.5 EnergyNest
7.6 Advanced Thermal Batteries
7.7 DFR Solutions
7.8 Tubitak
7.9 SINOEV Technologies
7.10 Diehl Group
7.11 Wuhan JOHO Technologies
Chapter 8 Upstream and Downstream Analysis of Thermal Battery
8.1 Industrial Chain of Thermal Battery
8.2 Upstream of Thermal Battery
8.3 Downstream of Thermal Battery
Chapter 9 Development Trend of Thermal Battery (2023-2031)
9.1 Global Thermal Battery Market Size (Sales and Revenue) Forecast (2023-2031)
9.2 Global Thermal Battery Market Size and CAGR Forecast by Region (2023-2031)
9.3 Global Thermal Battery Market Size and CAGR Forecast by Type (2023-2031)
9.4 Global Thermal Battery Market Size and CAGR Forecast by Application (2023-2031)
9.5 Global Thermal Battery Market Size and CAGR Forecast by Sales Channel (2023-2031)
Chapter 10 Appendix
10.1 Research Methodology
10.2 Data Sources
10.3 Disclaimer
10.4 Analysts Certification
Tables & Figures:
List of Tables and Figures
Figure Thermal Battery Example
Figure Global Thermal Battery Revenue (Million $) Status and Outlook (2017-2031)
Figure Global Thermal Battery Revenue (Million $) Comparison by Region (2017-2031)
Figure Global Thermal Battery Revenue (Million $) Comparison by Type (2017-2031)
Figure Global Thermal Battery Revenue (Million $) Comparison by Application (2017-2031)
Figure Global Thermal Battery Revenue (Million $) Comparison by Sales Channel (2017-2031)
Table Global Thermal Battery Sales by Player (2020-2022)
Table Global Thermal Battery Sales Market Share by Player (2020-2022)
Figure Global Thermal Battery Sales Market Share by Player in 2022
Table Global Thermal Battery Revenue (Million $) by Player (2020-2022)
Table Global Thermal Battery Revenue Market Share by Player (2020-2022)
Figure Global Thermal Battery Revenue Market Share by Player in 2022
Table Global Thermal Battery Average Price by Player (2020-2022)
Figure Global Thermal Battery Average Price by Player in 2022
Figure Global Thermal Battery Players Competition Situation – Top 5 Players’ Revenue Market Share in 2020
Figure Global Thermal Battery Players Competition Trends – Top 5 Players’ Revenue Market Share in 2022
Figure Example of Phase Change Thermal Batteries
Figure Global Phase Change Thermal Batteries Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Encapsulated Thermal Batteries
Figure Global Encapsulated Thermal Batteries Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Unencapsulated Thermal Batteries
Figure Global Unencapsulated Thermal Batteries Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Others
Figure Global Others Revenue (Million $) and Growth Rate (2017-2022)
Table Global Thermal Battery Sales by Type (2017-2022)
Table Global Thermal Battery Sales Market Share by Type (2017-2022)
Figure Global Thermal Battery Sales Market Share by Type in 2022
Table Global Thermal Battery Revenue (Million $) by Type (2017-2022)
Table Global Thermal Battery Revenue Market Share by Type (2017-2022)
Figure Global Thermal Battery Revenue Market Share by Type in 2022
Table Global Thermal Battery Average Price by Type (2017-2022)
Figure Global Thermal Battery Average Price by Type in 2022
Table Leading Players of Thermal Battery by Type in 2022
Figure Example of Aerospace & Aviation
Figure Global Thermal Battery for Aerospace & Aviation Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Military & Defense
Figure Global Thermal Battery for Military & Defense Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Utilities
Figure Global Thermal Battery for Utilities Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Others
Figure Global Thermal Battery for Others Revenue (Million $) and Growth Rate (2017-2022)
Table Global Thermal Battery Sales by Application (2017-2022)
Table Global Thermal Battery Sales Market Share by Application (2017-2022)
Figure Global Thermal Battery Sales Market Share by Application in 2022
Table Leading Consumers of Thermal Battery by Application in 2022
Figure Example of Direct Channel
Figure Global Thermal Battery for Direct Channel Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Distribution Channel
Figure Global Thermal Battery for Distribution Channel Revenue (Million $) and Growth Rate (2017-2022)
Table Global Thermal Battery Revenue by Sales Channel (2017-2022)
Table Global Thermal Battery Revenue Market Share by Sales Channel (2017-2022)
Figure Global Thermal Battery Revenue Market Share by Sales Channel in 2022
Table Leading Distributors/Dealers of Thermal Battery by Sales Channel in 2022
Table Global Thermal Battery Market Size and CAGR by Region (2017-2031)
Table Global Thermal Battery Sales by Region (2017-2022)
Table Global Thermal Battery Sales Market Share by Region (2017-2022)
Figure Global Thermal Battery Sales Market Share by Region in 2022
Table Global Thermal Battery Revenue (Million $) by Region (2017-2022)
Table Global Thermal Battery Revenue Market Share by Region (2017-2022)
Figure Global Thermal Battery Revenue Market Share by Region in 2022
Table North America Thermal Battery Sales by Country (2017-2022)
Figure North America Thermal Battery Sales Market Share by Country (2017-2022)
Table North America Thermal Battery Revenue by Country (2017-2022)
Figure North America Thermal Battery Revenue Market Share by Country (2017-2022)
Figure North America Thermal Battery Market Share by Type in 2022
Figure North America Thermal Battery Market Share by Application in 2022
Figure United States Thermal Battery Sales and Growth Rate (2017-2022)
Figure United States Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Figure Canada Thermal Battery Sales and Growth Rate (2017-2022)
Figure Canada Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Table Europe Thermal Battery Sales by Country (2017-2022)
Figure Europe Thermal Battery Sales Market Share by Country (2017-2022)
Table Europe Thermal Battery Revenue by Country (2017-2022)
Figure Europe Thermal Battery Revenue Market Share by Country (2017-2022)
Figure Europe Thermal Battery Market Share by Type in 2022
Figure Europe Thermal Battery Market Share by Application in 2022
Figure Germany Thermal Battery Sales and Growth Rate (2017-2022)
Figure Germany Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Figure UK Thermal Battery Sales and Growth Rate (2017-2022)
Figure UK Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Figure France Thermal Battery Sales and Growth Rate (2017-2022)
Figure France Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Figure Italy Thermal Battery Sales and Growth Rate (2017-2022)
Figure Italy Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Figure Spain Thermal Battery Sales and Growth Rate (2017-2022)
Figure Spain Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Figure Russia Thermal Battery Sales and Growth Rate (2017-2022)
Figure Russia Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Table Asia-Pacific Thermal Battery Sales by Country (2017-2022)
Figure Asia-Pacific Thermal Battery Sales Market Share by Country (2017-2022)
Table Asia-Pacific Thermal Battery Revenue by Country (2017-2022)
Figure Asia-Pacific Thermal Battery Revenue Market Share by Country (2017-2022)
Figure Asia-Pacific Thermal Battery Market Share by Type in 2022
Figure Asia-Pacific Thermal Battery Market Share by Application in 2022
Figure China Thermal Battery Sales and Growth Rate (2017-2022)
Figure China Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Figure Japan Thermal Battery Sales and Growth Rate (2017-2022)
Figure Japan Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Figure Korea Thermal Battery Sales and Growth Rate (2017-2022)
Figure Korea Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Figure India Thermal Battery Sales and Growth Rate (2017-2022)
Figure India Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Figure Southeast Asia Thermal Battery Sales and Growth Rate (2017-2022)
Figure Southeast Asia Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Figure Australia Thermal Battery Sales and Growth Rate (2017-2022)
Figure Australia Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Table South America Thermal Battery Sales by Country (2017-2022)
Figure South America Thermal Battery Sales Market Share by Country (2017-2022)
Table South America Thermal Battery Revenue by Country (2017-2022)
Figure South America Thermal Battery Revenue Market Share by Country (2017-2022)
Figure South America Thermal Battery Market Share by Type in 2022
Figure South America Thermal Battery Market Share by Application in 2022
Figure Brazil Thermal Battery Sales and Growth Rate (2017-2022)
Figure Brazil Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Figure Mexico Thermal Battery Sales and Growth Rate (2017-2022)
Figure Mexico Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Figure Argentina Thermal Battery Sales and Growth Rate (2017-2022)
Figure Argentina Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Figure Colombia Thermal Battery Sales and Growth Rate (2017-2022)
Figure Colombia Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Table Middle East & Africa Thermal Battery Sales by Country (2017-2022)
Figure Middle East & Africa Thermal Battery Sales Market Share by Country (2017-2022)
Table Middle East & Africa Thermal Battery Revenue by Country (2017-2022)
Figure Middle East & Africa Thermal Battery Revenue Market Share by Country (2017-2022)
Figure Middle East & Africa Thermal Battery Market Share by Type in 2022
Figure Middle East & Africa Thermal Battery Market Share by Application in 2022
Figure Turkey Thermal Battery Sales and Growth Rate (2017-2022)
Figure Turkey Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Figure UAE Thermal Battery Sales and Growth Rate (2017-2022)
Figure UAE Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Figure Saudi Arabia Thermal Battery Sales and Growth Rate (2017-2022)
Figure Saudi Arabia Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Figure South Africa Thermal Battery Sales and Growth Rate (2017-2022)
Figure South Africa Thermal Battery Revenue (Million $) and Growth Rate (2017-2022)
Table Company Snapshot of EnerSys
Table Thermal Battery Introduction of EnerSys
Table Thermal Battery Sales, Price, Revenue, Gross Margin and Market Share of EnerSys (2020-2022)
Table Industrial Chain of Thermal Battery
Table Manufacturing Cost Structure of Thermal Battery
Table General Manufacturing Process of Thermal Battery
Table Leading Distributors/Dealers of Thermal Battery
Table Leading Consumers of Thermal Battery
Figure Global Thermal Battery Sales and Growth Rate Forecast (2023-2031)
Figure Global Thermal Battery Revenue and Growth Rate Forecast (2023-2031)
Table Global Thermal Battery Market Size and CAGR Forecast by Region (2023-2031)
Table Global Thermal Battery Market Size and CAGR Forecast by Type (2023-2031)
Table Global Thermal Battery Market Size and CAGR Forecast by Application (2023-2031)
Table Global Thermal Battery Market Size and CAGR Forecast by Sales Channel (2023-2031)
Research Methodology:
Report on Global Thermal Battery Market by Player Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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