Thermal Battery Market Share Driven by Defense Modernization and Advanced Energy Storage Innovation | Valuates Reports

Thermal Battery Market
The global market for Thermal Battery was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.

View sample report
https://reports.valuates.com/request/sample/QYRE-Auto-23S13105/Global_Thermal_Battery_Market_Research_Report_2023

The Thermal Battery Market is gaining strong momentum as industries adopt high-reliability energy storage solutions designed for extreme operating environments. Market trends highlight increasing demand for thermally activated power sources across defense, aerospace, and residential systems due to their long shelf life, rapid activation, and robust performance under harsh conditions. The growing emphasis on resilient backup power, mission-critical system reliability, and next-generation energy technologies is significantly expanding the global market size and supporting sustained market growth.

In the type segment, Encapsulated Thermal Batteries currently hold the largest market share, supported by their enhanced safety features, stable output performance, and suitability for military and aeronautic systems. Encapsulated designs are also experiencing the fastest growth as manufacturers prioritize durability, thermal protection, and improved energy density. Unencapsulated thermal batteries continue to serve specialized use cases, contributing to broader market trends across custom and low-volume applications.

Across the application segment, the Military sector dominates the market size due to widespread integration of thermal batteries in missiles, torpedoes, guidance systems, emergency power units, and other mission-critical defense platforms. Aeronautic applications are expanding rapidly as aircraft systems, UAV platforms, and aviation electronics require compact, highly reliable power sources. Home-energy applications are emerging as a developing segment, driven by interest in thermal-based residential energy storage solutions that support efficiency and long-duration energy management.

The competitive landscape features leading companies such as Trane, CALMAC, EaglePicher, Sunamp, ASB Group, Diehl Energy Products, EnergyNest, and Climate Change Technologies. These companies hold notable market share through innovations in heat-based energy storage materials, advanced encapsulation processes, and expanding deployment across defense, industrial, and residential sectors. Many are investing in modular platforms, improved phase-change materials, and scalable storage architectures, strengthening their market positions and supporting global market growth.

Regionally, North America and Europe are major production hubs due to strong defense capabilities, progressive energy policies, and active technology development ecosystems. Consumption is significant across Asia-Pacific as countries expand aerospace activity, defense procurement, and advanced manufacturing. Growth in Southeast Asia and Latin America is supported by increasing adoption of energy-efficient systems and early interest in thermal-based storage technologies. With rising investment in secure energy infrastructure, electrification trends, and high-performance power systems, the market forecast points to continued expansion driven by innovation, defense modernization, and broader commercial adoption of thermal-based energy solutions.

by Type

• Encapsulated Thermal Battery
• Unencapsualated Thermal Battery

by Application

• Military
• Aeronautic
• Home

By Company

Trane, CALMAC, EaglePicher, Sunamp, ASB Group, Diehl Energy Products, EnergyNest, Climate Change Technologies

View full report
https://reports.valuates.com/market-reports/QYRE-Auto-23S13105/global-thermal-battery

Valuates,
4th Floor,
Balaraj's Arcade,
Whitefield Main road,
Bangalore 560066,

Valuates offers an extensive collection of market research reports that helps companies to take intelligent strategical decisions based on current and forecasted Market trends.

This release was published on openPR.