Market Overview:
The global liquid air energy storage systems market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for energy storage solutions across the globe. In addition, growing concerns over climate change and rising electricity costs are also propelling the growth of this market. The global liquid air energy storage systems market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into solid state batteries, flow batteries, flywheels, compressed air energy storage (CAES), thermal storage systems, and pumped hydro-power plants. Among these types, compressed air energy storage (CAES) is expected to witness highest growth during the forecast period owing to its ability to store large amounts of electricity for long periods of time.
Product Definition:
Liquid air energy storage systems are a type of energy storage system that uses liquid air to store energy. Liquid air is created by cooling down ambient air until it turns into a liquid. The liquid can then be stored in tanks and used to generate power when needed. Liquid air energy storage systems are important because they can store large amounts of energy, which makes them useful for grid-scale applications.
Solid State Batteries:
Solid state batteries are the next generation of rechargeable battery technology. They have no liquid electrolyte and hence they do not need to be charged with a plug-in charger like conventional batteries. Solid state batteries can be recharged by directly connecting it with a power supply or by using an external charging device.
Flow Batteries:
Flow batteries are electrochemical storage devices that can be utilized to store energy. They have the ability to generate electricity from chemical reactions. The most common types of flow batteries include wet (wet cell) and dry (dry cell) batteries, although there are other variants as well, such as redox and hybrid flow cells.
Application Insights:
The grid electricity and power stations segment dominated the market in 2017. This can be attributed to growing demand for clean, renewable sources of energy that are reliable and cost-effective. Liquid air energy storage systems are widely used in power stations along with other forms of energy storage such as batteries to smoothen out short-term fluctuations in supply from wind turbines.
Liquid air is also used for cooling at data centers, which require large amounts of cooling capacity during peak hours when Internet traffic increases rapidly. Cooling using liquid air requires less water than conventional methods such as chilled water or ice machines which further reduces the environmental impact caused by these systems over conventional counterparts. Other advantages include no pollution or noise pollution associated with traditional electric chillers making them a preferred choice among many businesses around the world including Amazon Web Services, Inc., Microsoft Corporation, Google LLC., Facebook Inc., Twitter Inc., Oracle America Corporation etc.
Regional Analysis:
The Asia Pacific region accounted for the largest revenue share in 2017 and is expected to continue its dominance over the forecast period. The regional market growth can be attributed to increasing investments in renewable energy, growing population, and rising electricity demand-supply gap. China has been at the forefront of developing LES systems owing to its large-scale adoption of these products for space heating and industrial applications.
North America is projected to witness significant growth over the coming years owing to a rise in awareness regarding air quality control standards along with stringent government regulations on carbon emissions from power generation sources. This factor is anticipated to propel market development across this region during the forecast period.
Europe was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for energy storage systems to manage the intermittency of renewable energy sources such as solar and wind power.
- Rapid growth in electric vehicles (EVs) market, which is expected to increase the demand for liquid air energy storage systems for vehicle charging and grid stabilization applications.
- Growing concerns over climate change and air pollution, which is driving investments in clean energy technologies such as liquid air energy storage systems.
- Favorable government policies and incentives for deployment of renewable energy technologies, including liquid air energy storage systems.
Scope Of The Report
Report Attributes
Report Details
Report Title
Liquid Air Energy Storage Systems Market Research Report
By Type
Solid State Batteries, Flow Batteries, Flywheels, Compressed Air Energy Storage (CAES), Thermal, Pumped Hydro-Power, Liquid Air Energy Storage System
By Application
Home Energy Storage, Grid Electricity and Power Stations, Air Conditioning, Others
By Companies
GE, Highview Power, Linde, Messer, Viridor, Heatric, Siemens, MAN, Atlas Copco, Cryostar, Chart, Liquid Air Energy Storage System
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Liquid Air Energy Storage Systems Market Report Segments:
The global Liquid Air Energy Storage Systems market is segmented on the basis of:
Types
Solid State Batteries, Flow Batteries, Flywheels, Compressed Air Energy Storage (CAES), Thermal, Pumped Hydro-Power, Liquid Air Energy Storage System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Energy Storage, Grid Electricity and Power Stations, Air Conditioning, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE
- Highview Power
- Linde
- Messer
- Viridor
- Heatric
- Siemens
- MAN
- Atlas Copco
- Cryostar
- Chart
- Liquid Air Energy Storage System
Highlights of The Liquid Air Energy Storage Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Solid State Batteries
- Flow Batteries
- Flywheels
- Compressed Air Energy Storage (CAES)
- Thermal
- Pumped Hydro-Power
- Liquid Air Energy Storage System
- By Application:
- Home Energy Storage
- Grid Electricity and Power Stations
- Air Conditioning
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Liquid Air Energy Storage Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Liquid air energy storage systems are a type of energy storage system that uses pressurized liquid air as its working fluid. The liquid air is stored in tanks and then used to power electric generators when needed.
Some of the major players in the liquid air energy storage systems market are GE, Highview Power, Linde, Messer, Viridor, Heatric, Siemens, MAN, Atlas Copco, Cryostar, Chart, Liquid Air Energy Storage System.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Liquid Air Energy Storage Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Liquid Air Energy Storage Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Liquid Air Energy Storage Systems Market - Supply Chain
4.5. Global Liquid Air Energy Storage Systems Market Forecast
4.5.1. Liquid Air Energy Storage Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Liquid Air Energy Storage Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Liquid Air Energy Storage Systems Market Absolute $ Opportunity
5. Global Liquid Air Energy Storage Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Liquid Air Energy Storage Systems Market Size and Volume Forecast by Type
5.3.1. Solid State Batteries
5.3.2. Flow Batteries
5.3.3. Flywheels
5.3.4. Compressed Air Energy Storage (CAES)
5.3.5. Thermal
5.3.6. Pumped Hydro-Power
5.3.7. Liquid Air Energy Storage System
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Liquid Air Energy Storage Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Liquid Air Energy Storage Systems Market Size and Volume Forecast by Application
6.3.1. Home Energy Storage
6.3.2. Grid Electricity and Power Stations
6.3.3. Air Conditioning
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Liquid Air Energy Storage Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Liquid Air Energy Storage Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Liquid Air Energy Storage Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Liquid Air Energy Storage Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Liquid Air Energy Storage Systems Demand Share Forecast, 2019-2026
9. North America Liquid Air Energy Storage Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Liquid Air Energy Storage Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Liquid Air Energy Storage Systems Market Size and Volume Forecast by Application
9.4.1. Home Energy Storage
9.4.2. Grid Electricity and Power Stations
9.4.3. Air Conditioning
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Liquid Air Energy Storage Systems Market Size and Volume Forecast by Type
9.7.1. Solid State Batteries
9.7.2. Flow Batteries
9.7.3. Flywheels
9.7.4. Compressed Air Energy Storage (CAES)
9.7.5. Thermal
9.7.6. Pumped Hydro-Power
9.7.7. Liquid Air Energy Storage System
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Liquid Air Energy Storage Systems Demand Share Forecast, 2019-2026
10. Latin America Liquid Air Energy Storage Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Liquid Air Energy Storage Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Liquid Air Energy Storage Systems Market Size and Volume Forecast by Application
10.4.1. Home Energy Storage
10.4.2. Grid Electricity and Power Stations
10.4.3. Air Conditioning
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Liquid Air Energy Storage Systems Market Size and Volume Forecast by Type
10.7.1. Solid State Batteries
10.7.2. Flow Batteries
10.7.3. Flywheels
10.7.4. Compressed Air Energy Storage (CAES)
10.7.5. Thermal
10.7.6. Pumped Hydro-Power
10.7.7. Liquid Air Energy Storage System
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Liquid Air Energy Storage Systems Demand Share Forecast, 2019-2026
11. Europe Liquid Air Energy Storage Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Liquid Air Energy Storage Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Liquid Air Energy Storage Systems Market Size and Volume Forecast by Application
11.4.1. Home Energy Storage
11.4.2. Grid Electricity and Power Stations
11.4.3. Air Conditioning
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Liquid Air Energy Storage Systems Market Size and Volume Forecas by Type
11.7.1. Solid State Batteries
11.7.2. Flow Batteries
11.7.3. Flywheels
11.7.4. Compressed Air Energy Storage (CAES)
11.7.5. Thermal
11.7.6. Pumped Hydro-Power
11.7.7. Liquid Air Energy Storage System
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Liquid Air Energy Storage Systems Demand Share, 2019-2026
12. Asia Pacific Liquid Air Energy Storage Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Liquid Air Energy Storage Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Liquid Air Energy Storage Systems Market Size and Volume Forecast by Application
12.4.1. Home Energy Storage
12.4.2. Grid Electricity and Power Stations
12.4.3. Air Conditioning
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Liquid Air Energy Storage Systems Market Size and Volume Forecast by Type
12.7.1. Solid State Batteries
12.7.2. Flow Batteries
12.7.3. Flywheels
12.7.4. Compressed Air Energy Storage (CAES)
12.7.5. Thermal
12.7.6. Pumped Hydro-Power
12.7.7. Liquid Air Energy Storage System
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Liquid Air Energy Storage Systems Demand Share, 2019-2026
13. Middle East & Africa Liquid Air Energy Storage Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Liquid Air Energy Storage Systems Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Liquid Air Energy Storage Systems Market Size and Volume Forecast by Application
13.4.1. Home Energy Storage
13.4.2. Grid Electricity and Power Stations
13.4.3. Air Conditioning
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Liquid Air Energy Storage Systems Market Size and Volume Forecast by Type
13.7.1. Solid State Batteries
13.7.2. Flow Batteries
13.7.3. Flywheels
13.7.4. Compressed Air Energy Storage (CAES)
13.7.5. Thermal
13.7.6. Pumped Hydro-Power
13.7.7. Liquid Air Energy Storage System
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Liquid Air Energy Storage Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Liquid Air Energy Storage Systems Market: Market Share Analysis
14.2. Liquid Air Energy Storage Systems Distributors and Customers
14.3. Liquid Air Energy Storage Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Highview Power
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Linde
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Messer
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Viridor
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Heatric
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Siemens
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. MAN
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Atlas Copco
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cryostar
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Chart
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Liquid Air Energy Storage System
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
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