Global Liquid Air Energy Storage Systems Market 2017-2021

  • ID: 4143844
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • Custom Metalcraft
  • GE Oil & Gas
  • Heatric
  • Highview Power Storage
  • Messer Group
  • The Linge Group
  • MORE
About Liquid Air Energy Storage Systems

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.

The 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

The 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 drivers
- Reducing GHG emissions and promoting clean energy to slow down climate change.
- For a full, detailed list, view the full report

Market challenges
- High cost associated with the implementation of liquid air energy storage technology.
- For a full, detailed list, view the full report

Market trends
- Changes in grid structure driving demands for energy storage.
- For a full, detailed list, view the full 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?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Custom Metalcraft
  • GE Oil & Gas
  • Heatric
  • Highview Power Storage
  • Messer Group
  • The Linge Group
  • MORE
PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction
  • Key market highlights
  • Energy storage system overview
  • Liquid air energy storage system technological overview
PART 05: Market landscape
  • Market overview
  • Market size and forecast by revenue
  • Five forces analysis
PART 06: Geographical segmentation
  • Global liquid air energy storage systems market by geography
  • Liquid air energy storage systems market in EMEA
  • Liquid air energy storage systems market in the Americas
PART 07: Key leading countries
  • UK
PART 08: Decision framework

PART 09: Drivers and challenges
  • Market drivers
  • Impact of drivers on key customer segments
  • Market challenges
  • Impact of challenges on key customer segments
PART 10: Market trends
  • Stringent vehicle emission regulations
  • Market-driven innovations
  • Rising number of vendors and collaborations
  • Changes in grid structure driving demand for energy storage
PART 11: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
PART 12: Key vendor analysis
  • Custom Metalcraft
  • GE Oil & Gas
  • Heatric
  • Highview Power Storage
  • The Linde Group
PART 13: Appendix
  • List of abbreviations
List of Exhibits
Exhibit 01: Advanced ESS
Exhibit 02: Three core processes of liquid air energy storage systems
Exhibit 03: Advantages of liquid air energy storage systems
Exhibit 04: Liquid air energy storage system process layout
Exhibit 05: Global liquid air energy storage system process layout with power plant integration
Exhibit 06: Global liquid air energy storage system with CCGT peaking plant application
Exhibit 07: Overview of global liquid air energy storage systems market
Exhibit 08: Global liquid air energy storage systems market 2016-2021 (MW)
Exhibit 09: Five forces analysis
Exhibit 10: Global liquid air energy storage systems market by geography 2017-2021 (%)
Exhibit 11: Global liquid air energy storage systems market by geographical segmentation 2016-2021 (MW)
Exhibit 12: Liquid air energy storage systems market in EMEA 2016-2021 (MW)
Exhibit 13: Liquid air energy storage systems market in Americas 2016-2021 (MW)
Exhibit 14: Europe and Central Asia CO2 emissions 1992-2013 (metric tons per capita)
Exhibit 15: UK and US CO2 emissions 2000-2013 (metric tons per capita)
Exhibit 16: Services provided by energy storage
Exhibit 17: CO2 emissions in US 2000-2014 (million metric tons)
Exhibit 18: Global CO2 emissions from fuel combustion by sectors 2014 (%)
Exhibit 19: Advantages of smart grids
Exhibit 20: Two-way distributed energy system with energy storage
Exhibit 21: Distributed energy resources applications and benefits
Exhibit 22: Most commonly used DER
Exhibit 23: Impact of drivers
Exhibit 24: Impact of challenges
Exhibit 25: Traditional power grid
Exhibit 26: Transformed grid
Exhibit 27: Other prominent vendors
Exhibit 28: Custom Metalcraft: Key news
Exhibit 29: GE Oil & Gas: Key Products
Exhibit 30: Custom Metalcraft: Key news
Exhibit 31: Heatric: Key news
Exhibit 32: Highview Power Storage: Product portfolio
Exhibit 33: Highview Power Storage: Key news
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FEATURED COMPANIES

  • Custom Metalcraft
  • GE Oil & Gas
  • Heatric
  • Highview Power Storage
  • Messer Group
  • The Linge Group
  • MORE
New Report Released: – Global Liquid Air Energy Storage Systems Market 2017-2021

The author of the report recognizes the following companies as the key players in the global liquid air energy storage systems market: Custom Metalcraft, GE Oil & Gas, Heatric, Highview Power Storage, and The Linge Group.

Other Prominent Vendors in the market are: Messer Group, Mitsubishi Hitachi Power Systems Europe, and Viridor.

Commenting on the report, an analyst from the research team said: “One trend in market is stringent vehicle emission regulations. Auto regulators around the world have been setting emission targets to control emissions as the transport sector accounts for about a quarter (23%) of global energy-related GHG emissions, which comprise nitrogen oxides (NOx), sulfur oxide (SOx), hydrocarbons, carbon monoxide, and particle matter (PM). While different regions across the world are setting different regulations, the overall message and targets are clear. Accordingly, the automobile industry needs to drastically limit the amount of emissions it produces. The adoption of liquid air energy storage system worldwide will help in reducing the global carbon emissions. The EU has set a target for the region to reduce the GHG emissions and countries, such as the US and China also set a target to decrease the GHG emissions by 15% to 20% by 2020. This increase in GHG emissions and the targets set by the governments across the world are boosting the global liquid air energy storage systems market. The adoption of these systems has the potential to change the complete outlook of the usage of power and fossil fuels in transportation.”

According to the report, one driver in market is rise in use of renewable resources. Energy insecurities have led governments worldwide to focus on the alternate sources of power for the future. The rising concerns over carbon emissions from power plants have made it necessary to switch to gas-powered plants and renewable sources for electricity generation. A significant amount has been invested in the renewable sources for cleaner power generation, which has increased the year-over-year renewable installed capacity. The global liquid air energy storage systems market is driven by the need to maintain grid stabilization; awareness of issues pertaining to renewable resources, such as the wind, solar PV; and transmission and distribution (T&D) deferral. In addition, the need for optimizing variable renewables fed into the grids and balancing the demand-supply gap has also boosted the market growth. The liquid air energy storage systems enable efficient power supply to the grid whenever the need arises, especially during peak load times or electricity outage times, and supply shift for the variable nature of renewable energy sources. Ancillary services, such as regulation of grid and voltage support with a high-variable renewable energy share, are explored with an emphasis on short-term regulation at the grid level.

Further, the report states that one challenge in market is high cost associated with implementation of liquid air energy storage technology. The cost of upgrading smart grid systems includes additional costs, such as the cost of distribution systems, replacement of transmission lines, substation digitization, power delivering systems, and digital controls. Consequently, power utilities and IPPs face the prospect of huge initial capital investment. Upgrading power plants with the liquid air energy storage systems require huge amount of investments. This is a consequence of the near-term cost evasion by utilities, and it acts as a barrier to the adoption of liquid air energy storage systems. The power utilities are reluctant to upgrade their power grids to make them compatible with the liquid air energy storage systems because of the high costs involved. This is expected to have a significant impact on the growth of the global liquid air energy storage systems market in the future. The Highview Power Storage liquid air energy system costs $63.93 - $639.27 /kWh for CAPEX.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Custom Metalcraft
  • GE Oil & Gas
  • Heatric
  • Highview Power Storage
  • The Linge Group
  • Messer Group
  • Mitsubishi Hitachi Power Systems Europe
  • Viridor
Note: Product cover images may vary from those shown
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