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Report overview
Liquid Air Energy Storage (LAES) uses electricity to cool air until it liquefies, stores the liquid air in a tank, brings the liquid air back to a gaseous state (by exposure to ambient air or with waste heat from an industrial process) and uses that gas to turn a turbine and generate electricity. LAES systems use off the shelf components with long lifetimes (30 years +), resulting in low technology risk.
This report aims to provide a comprehensive presentation of the global market for Liquid Air Energy Storage Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Liquid Air Energy Storage Systems. This report contains market size and forecasts of Liquid Air Energy Storage Systems in global, including the following market information:
The global Liquid Air Energy Storage Systems market was valued at US$ 386.1 million in 2022 and is projected to reach US$ 1034.5 million by 2029, at a CAGR of 15.1% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global Liquid Air Energy Storage Systems key players include GE, Highview Power, Linde, Messer, etc.
In terms of application, the largest application is Power plant, followed by Utility scale, etc. North America is the largest market, with a share about 52%, followed by Europe with the share about 43%.
We surveyed the Liquid Air Energy Storage Systems companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Liquid Air Energy Storage Systems Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Liquid Air Energy Storage Systems Market Segment Percentages, by Type, 2022 (%)
Global Liquid Air Energy Storage Systems Market, by End User, 2018-2023, 2024-2029 ($ millions)
Global Liquid Air Energy Storage Systems Market Segment Percentages, by End User, 2022 (%)
Global Liquid Air Energy Storage Systems Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Liquid Air Energy Storage Systems Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Liquid Air Energy Storage Systems revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Liquid Air Energy Storage Systems revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters: