LIQUID AIR ENERGY STORAGE Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Liquid air energy storage (LAES) has recently emerged as feasible solution to provide 10-100s MW power output and a storage capacity of GWhs. High energy density and ease of deployment are only two of the many favourable features of LAES, when compared to incumbent storage technologies. The round-trip efficiency is very low as compared to pumped hydro and chemical storage in large scale energy storage. Furthermore, pumped hydro energy storage (PHES) is best for large scale energy storage systems. Also, PHES has the largest capacity of storage highest efficiency as compared to all other energy storage technologies.

MARKET DYNAMICS

The market is primarily driven by its low operating and capital costs. Liquid air energy storage is a high-grade cold store technology that makes use of low-pressure devices and granite shingles (a cost effective and widely available material), which helps in reducing the overall cost of maintenance and offers long life. It also uses a discharge device that comprises a standard gearbox, which helps in cost reduction. Moreover, the governments of different countries are offering their support to promote the advancement and implantation of this technology. The government of U.K. is supporting companies such as Highview Power and Viridor and has invested in several projects to drive the research, development, and commercialization of liquid air energy storage.

MARKET SCOPE

The "Global Liquid Air Energy Storage Market Analysis to 2031" is a specialized and in-depth study of the Liquid Air Energy Storage market with a special focus on the global market trend analysis. The report aims to provide an overview of the Liquid Air Energy Storage market with detailed market segmentation by capacity, application, and geography. The global liquid air energy storage market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading liquid air energy storage market players and offers key trends and opportunities in the liquid air energy storage market.

MARKET SEGMENTATION

The global liquid air energy storage market is segmented based on capacity and application. Based on its capacity, liquid air energy storage market can be segmented into 5-15 MW capacity, 16-50 MW capacity, 50-100 MW capacity and 100 MW+ capacity. Based on operation, liquid air energy storage market can be segmented into power generation, power transmission, renewable integration, LNG terminals and others.
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IMPACT OF COVID-19 ON LIQUID AIR ENERGY STORAGE MARKET

The blockade imposed by the COVID-19 pandemic has temporarily banned import / export, manufacturing and processing activities in various industries and utilities, reducing electricity demand from these consumers. In addition, the construction and freezing of new power infrastructure, renewable power plants, grids and other power plants due to labor unavailability and widening supply-demand gaps is projected to impede market growth during the pandemic.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Liquid Air Energy Storage Market based on various segments. It also provides market size and forecast estimates from year 2017 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The Liquid Air Energy Storage Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Liquid Air Energy Storage Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the Liquid Air Energy Storage market in these regions.

MARKET PLAYERS

The reports cover key developments in the Liquid Air Energy Storage market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Liquid Air Energy Storage market are anticipated to lucrative growth opportunities in the future with the rising demand for Liquid Air Energy Storage market. Below mentioned is the list of few companies engaged in the Liquid Air Energy Storage market.

The report also includes the profiles of key Liquid Air Energy Storage market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Highview Power
  
•   Baker Hughes Company
  
•   Heatric
  
•   Linde Kryotechnik AG
  
•   Viridor Limited
  
•   MAN Energy Solutions
  
•   Sumitomo Heavy Industries, Ltd. and Sumitomo SHI FW
  
•   General Electric
  
•   ADA Technologies, Inc.
  
•   Climeworks GmbH
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

LIQUID AIR ENERGY STORAGE Report Scope