Global Liquid Air Energy Storage Systems Market 2017-2021

Overview of the global liquid air energy storage systems market

Technavio’s market research report predicts that the global liquid air energy storage systems market will grow at a CAGR of above 178% during the forecast period. The need to enhance the grid stability is one of the primary drivers of the market growth. The requirement for flexibility, stability, and interoperability in grids have led to the advancement in electricity transmission and distribution (T&D) systems. Moreover, these developments in T&D give rise to the adoption and increase in the renewable energy installations and smart grids across countries. Features like capacity firming, voltage control, and T&D deferral are provided by the advanced energy storage dropping energy limitation at the energy generation level. Furthermore, advanced energy storage systems can store and release energy during high demand reducing the need for added investments in upgrading networks.

One of the latest trends that will gain traction in the global liquid air energy storage systems market is the strict vehicle emission regulations. To curb the rising emission levels globally, the auto regulators have been setting emission targets and countries such as such as the US and China have started setting standards to decrease the greenhouse gas (GHG) emissions. Moreover, the rising implementation of liquid air energy storage systems and targets set by governments will accelerate the market’s growth in the future.             

Competitive analysis and key vendors

The global liquid air energy storage systems market is in its starting stages of development. The introduction of innovative technologies and rising investments are anticipated to raise the competition. The market is foreseen to grow with the requirement of energy-efficient technologies which in, turn, leads to vendors trying to develop new products and enhance their technologies to keep up the demand.

Key vendors in the market are:

• Custom Metalcraft
• GE Oil & Gas
• Heatric
• Highview Power Storage
• The Linge Group

Other prominent vendors include Messer Group, Mitsubishi Hitachi Power Systems Europe, and Viridor.

Geographical segmentation and analysis of the liquid air energy storage systems market

• Americas
• EMEA

In terms of geography, EMEA dominated the global liquid air energy storage systems market during 2016 and is expected to continue the dominion over the next four years. The main contributor to the region’s growth is the rising awareness about benefits of these systems and increasing partnerships to set up liquid air energy storage system plants.

Growth drivers, challenges, and upcoming trends: Increasing Number of Vendors and Collaborations

With the significant increase in advanced energy storage installations, numerous new vendors have started entering the market. Additionally, due to the serious threat of traditional technologies being substituted by the advanced systems, vendors have started working on business models that will boost efficiency and make the grid more dependable. Moreover, building business partnerships assists in providing new products and raising their profitability further helps them establish themselves in the market.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global liquid air energy storage systems market. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global liquid air energy storage systems market?
• What are the key market trends impacting the global liquid air energy storage systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global liquid air energy storage systems market?
• What are the market opportunities and threats faced by the vendors in the global liquid air energy storage systems market?
• What are the trending factors influencing the market shares of the Americas and EMEA?
• What are the key outcomes of the five forces analysis of the global liquid air energy storage systems market? 

Technavio also offers customization on reports based on specific client requirement.

Related reports

• Global Advanced Energy Storage Systems Market 2016-2020
• Global Carbon Capture and Storage Market 2017-2021
• Global Vacuum Insulation Panels Market 2017-2021