The global Compressed Air Energy Storage market was valued at US$ 3720.6 million in 2022 and is projected to reach US$ 13350 million by 2029, at a CAGR of 20.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Compressed air energy storage, as the name suggests, is a technique for storing energy by using compressed air. Energy is generally stored for utilizing it later to meet the high demand during peak hours.
This report aims to provide a comprehensive presentation of the global market for Compressed Air Energy Storage, 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 Compressed Air Energy Storage. This report contains market size and forecasts of Compressed Air Energy Storage in global, including the following market information:
- Global Compressed Air Energy Storage Market Revenue, 2018-2023, 2024-2029, ($ millions)
- Global Compressed Air Energy Storage Market Sales, 2018-2023, 2024-2029, (MW)
Global top five Compressed Air Energy Storage companies in 2022 (%)
Compressed air energy storage has been the most prevalent form of energy storage after pumped-hydro technology. Compressed air energy storage is preferred because of its higher efficiency, greater reliability, and economic feasibility when compared to other energy storage technologies.
We surveyed the Compressed Air Energy Storage manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Compressed Air Energy Storage Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Compressed Air Energy Storage Market Segment Percentages, by Type, 2022 (%)
- Traditional Compressed Air Energy Storage
- Liquid Gas Compressed Air Energy Storage
- Other
Global Compressed Air Energy Storage Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Compressed Air Energy Storage Market Segment Percentages, by Application, 2022 (%)
- Power Station
- Distributed Energy System
- Automotive Power
- Other
Global Compressed Air Energy Storage Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MW)
Global Compressed Air Energy Storage Market Segment Percentages, By Region and Country, 2022 (%)
- North America Compressed Air Energy Storage Market (United States, Canada, Mexico)
- Europe Compressed Air Energy Storage Market (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific Compressed Air Energy Storage Market (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa Compressed Air Energy Storage Market (Middle East, Africa)
- South and Central America Compressed Air Energy Storage Market (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Compressed Air Energy Storage revenues in global market, 2018-2023 (Estimated), ($ millions)
- Key companies Compressed Air Energy Storage revenues share in global market, 2022 (%)
- Key companies Compressed Air Energy Storage sales in global market, 2018-2023 (Estimated), (MW)
- Key companies Compressed Air Energy Storage sales share in global market, 2022 (%)
Key players include:
- Dresser-Rand Group
- General Compression
- Hydrostor
- LightSail Energy
- SustainX
- Apex CAES
- Bright Energy Storage Technologies
- Gaelectric
- Pacific Gas and Electric Company
Outline of Major Chapters:
Chapter 1: Introduces the definition of Compressed Air Energy Storage, market overview.
Chapter 2: Global Compressed Air Energy Storage market size in revenue and volume.
Chapter 3: Detailed analysis of Compressed Air Energy Storage manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Compressed Air Energy Storage in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Compressed Air Energy Storage capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
