A liquid air energy storage system is a system, which converts the surrounding air into liquid air and stores it; it later converts the air into a gaseous form with help of thermal units. The turbine runs on this gas and uses it to generate energy. This energy is stored in tanks from where electricity is supplied to the grid, whenever it is needed.
Technavio’s analysts forecast the global liquid air energy storage systems market to grow at a CAGR of 178.32% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global liquid air energy storage systems market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Liquid Air Energy Storage Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - Custom Metalcraft - GE Oil & Gas - Heatric - Highview Power Storage - The Linge Group
Other prominent vendors - Messer Group - Mitsubishi Hitachi Power Systems Europe - Viridor
Market driver - Reducing GHG emissions and promoting clean energy to slow down climate change. - For a full, detailed list, view our report
Market challenge - High cost associated with the implementation of liquid air energy storage technology. - For a full, detailed list, view our report
Market trend - Changes in grid structure driving demands for energy storage. - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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