Global Compressed Air Energy Storage Market to Reach $11.9 Billion by 2027
Amid the COVID-19 crisis, the global market for Compressed Air Energy Storage estimated at US$2.9 Billion in the year 2020, is projected to reach a revised size of US$11.9 Billion by 2027, growing at a CAGR of 22.5% over the period 2020-2027. Renewable Energy Integration, one of the segments analyzed in the report, is projected to record a 22.9% CAGR and reach US$5.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Grid Optimization segment is readjusted to a revised 18.9% CAGR for the next 7-year period.The U.S. Market is Estimated at $1.1 Billion, While China is Forecast to Grow at 22.7% CAGR
The Compressed Air Energy Storage market in the U.S. is estimated at US$1.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$918.6 Million by the year 2027 trailing a CAGR of 22.7% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.2% and 24.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 22.5% CAGR.T&D Deferral Segment to Record 25.3% CAGR
In the global T&D Deferral segment, USA, Canada, Japan, China and Europe will drive the 25.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$652.2 Million in the year 2020 will reach a projected size of US$3.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.Select Competitors (Total 27 Featured)
- Airlight Energy Manufacturing SA
- Apex Compressed Air Energy Storage, LLC
- Bright Energy Storage Technologies LLP
- Hydrostor Inc.
- Magnum Development LLC
- Pacific Gas and Electric Company
- Ridge Energy Storage & Grid Services L.P.
- Siemens AG
- Storelectric Ltd.
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to a digital archives and Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 191 |
Published | July 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 2.9 Billion |
Forecasted Market Value ( USD | $ 11.9 Billion |
Compound Annual Growth Rate | 22.3% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSIS
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
IV. COMPETITION
Companies Mentioned
A selection of companies mentioned in this report includes:
- Airlight Energy Manufacturing SA
- Apex Compressed Air Energy Storage, LLC
- Bright Energy Storage Technologies LLP
- Hydrostor Inc.
- Magnum Development LLC
- Pacific Gas and Electric Company
- Ridge Energy Storage & Grid Services L.P.
- Siemens AG
- Storelectric Ltd.