The use of a latent heat storage system using phase change materials (PCMs) is an effective way of storing thermal energy and has the advantages of high-energy storage density and the isothermal nature of the storage process. PCMs have been widely used in latent heat thermal-storage systems for heat pumps, solar engineering, and spacecraft thermal control applications. The uses of PCMs for heating and cooling applications for buildings have been investigated within the past decade. There are large numbers of PCMs that melt and solidify at a wide range of temperatures, making them attractive in a number of applications. This paper also summarizes the investigation and analysis of the available thermal energy storage systems incorporating PCMs for use in different applications.