Compressed Air Energy Storage

Global Market Trajectory & Analytics

MCP11233

EXECUTIVE ENGAGEMENTS

POOL

896
Number of executives repeatedly engaged by snail & email outreach

INTERACTIONS

179
Interactions with Platform & by Email

PARTICIPANTS

36
Unique # Participated

VALIDATIONS

12
Responses Validated*

COMPANIES

16
Responses Validated*
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DATE

JAN 2021

TABLES

51

PAGES

137

EDITION

9

PRICE

USD 4950

CODE

MCP11233


COMPETITIVE METRICS

COMPANY

WORLD RANK & SHARE

D S N T

% *

Airlight Energy Manufacturing SA

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ALACAES

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ALMiG Kompressoren GmbH

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Ambri, Inc.

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Apex Compressed Air Energy Storage, LLC

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Brayton Energy LLC

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Bright Energy Storage Technologies LLP

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Hydrostor, Inc.

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Magnum Development LLC

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MAN Energy Solutions SE

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SUBMIT
* D = Dominant; S = Strong; N = Niche; T = Trivial
* Validated respondents are incentivized with cluster data
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HIGHLIGHTS & REPORT INDEX

Global Compressed Air Energy Storage Market to Reach $10.3 Billion by 2026

Compressed air energy storage represents an advanced approach for compressing air or gas to store energy for satiating high demand at peak hours. The increasing focus on pushing the share of renewable energy in the energy mix along with intermittent nature of solar, wind and hydro has created a strong demand for energy storage technologies. Compressed air energy storage is the second-most prevalent energy storage approach after pumped-hydro technique on account of its enhanced reliability, relatively higher efficiency and economic ability. Growth in the global market is set to be drive by rising energy demand due to increasing population and rapid industrialization. Demand is also spurred by announcement of numerous projects and increasing integration of these systems with renewable energy generation units. Major compressed air energy storage projects including the 290MW and 110MW facilities in Huntorf, Germany and McIntosh, Alabama have proved their effectiveness in energy storage, leading to several new projects, mainly in the US. The market is witnessing strong focus of renewable energy companies on highly effective energy storage systems for supporting future energy supply. Compressed air energy storage technology is anticipated to find increasing applications in the field of offshore wind energy owing to continuing technological advancements.

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$10.3 Billion by 2026, growing at a CAGR of 23.9% over the analysis period. Renewable Energy Integration, one of the segments analyzed in the report, is projected to grow at a 24.2% CAGR to reach US$5.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Grid Optimization segment is readjusted to a revised 20.1% CAGR for the next 7-year period. This segment currently accounts for a 28.9% share of the global Compressed Air Energy Storage market.

The U.S. Market is Estimated at $1.2 Billion in 2021, While China is Forecast to Reach $993.5 Million by 2026

The Compressed Air Energy Storage market in the U.S. is estimated at US$1.2 Billion in the year 2021. The country currently accounts for a 36.76% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$993.5 Million in the year 2026 trailing a CAGR of 24.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.5% and 25.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 23.7% CAGR while Rest of European market (as defined in the study) will reach US$1.2 Billion by the end of the analysis period. North America represents a key market and growth is being fueled by increasing implementation of energy storage systems and announcement of new projects. Rising adoption of large-scale energy storage systems and massive deployment of renewable energy solutions have enabled the region to exhibit the fastest growth in terms of new projects.

T&D Deferral Segment to Reach $3.3 Billion by 2026

In the global T&D Deferral segment, USA, Canada, Japan, China and Europe will drive the 26.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$658 Million in the year 2020 will reach a projected size of US$3.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$244.1 Million by the year 2026.

SELECT PLAYERS

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.

SEGMENTS

» End-Use (Renewable Energy Integration, Grid Optimization, T&D Deferral)

GEOGRAPHIES

» World » USA » Canada » Japan » China » Europe » France » Germany » Italy » UK » Rest of Europe » Asia-Pacific » Rest of World

TABLE OF CONTENTS

1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
COVID-19 Pandemic Impacts Compressed Air Energy Storage Systems Market
Pandemic Crisis Weakens Economic Environment, Triggering Negative Tide in GDP
EXHIBIT: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
Compressed Air Energy Storage (CAES): Bundling Energy for Use at Peak Hours
EXHIBIT: Total Electrical Energy Stored Over Lifetime of Storage Technology
CAES Technologies
Pushing Efficiency & Maintaining High Pressure
Rising Energy Demand Sets Compressed Air Energy Storage Market on Boiling Point: Outlook
EXHIBIT: World Compressed Air Energy Storage Market by End-Use (2020 & 2027): Percentage Breakdown of Sales for Renewable Energy Integration, Grid Optimization, and T&D Deferral
Recent Market Activity
Drivers Keeping Global Compressed Air Energy Storage Market in Hot Seat
Diabatic Technology Enjoys Monopoly in Global Compressed Air Energy Storage Market
North America Emerges as Major Hub for Compressed Air Energy Storage Projects
EXHIBIT: World Compressed Air Energy Storage Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
EXHIBIT: World Compressed Air Energy Storage Market - Geographic Regions Ranked by CAGR (Revenues) for 2020-2027: USA, Canada, China, Asia-Pacific, Rest of World, Europe, and Japan
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
CAES Helps Clean Energy Sector Gather Full Steam Ahead
Intriguing Advantages Widen the Business Case for CASE
Compressed Air Energy Storage Emerges as Ideal Companion of Renewable Energy
Renewable Energy Sector on Growth Trajectory
A Note on Renewable Energy Programs in Select Countries
EXHIBIT: Targets for Electricity Production from Renewable Energy Sources Worldwide by Country
EXHIBIT: Global Wind and Solar Installed Capacity (GW) for the Years 2011, 2017, 2020 and 2022
EXHIBIT: Global Levelized Cost (US$ Per MWh) of Energy Storage Technologies in Utilities by Type: 2015 and 2030
Intermittent Nature of Renewable Energy Favors CAES Adoption
Electricity Demand Patterns Encourage Market Expansion
EXHIBIT: Global Energy Demand & Growth (In Million Tonnes of Oil Equivalent (Mtoe)) for the Years 1990, 2000, 2010, 2020, 2030 and 2040
Demographic Trends and Urbanization Drive Enhance Electricity Demand
EXHIBIT: World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
EXHIBIT: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
Growing Importance of Grid Connected Energy Storage Augurs Well
EXHIBIT: Global Energy Production by Energy Source (2017, 2020, 2030 and 2040): Breakdown of Electricity (Billion Kilowatt Hours) and Percentage Share for Petroleum, Nuclear, Natural Gas, Coal and Renewables
Grid Modernization Programs Emphasize Grid Connected Energy Storage
EXHIBIT: Global Investments in Electricity Networks and Storage (In US$ Billion): 2000, 2008, 2012, 2016, and 2019
Grid Reliability Assurances from CAES Promote Uptake
CAES to Help Utilities Realize Zero-Carbon Grid Targets
Smart Grids Elevate the Prospects
EXHIBIT: Global Spend on Smart Grid Technologies by Region (2014, 2017 & 2020): Percentage Breakdown of Cumulative Spending for Asia-Pacific (incl. China), Europe, Latin America, and North America
EXHIBIT: Global Market for Smart Grids in US$ Billion) for the Years 2018 and 2020
Strong Smart City Investments to Fuel Large-Scale Adoption
EXHIBIT: Number of Smart Cities Worldwide by Geographic Region (2025)
Factors Impeding Implementation of CAES
4. GLOBAL MARKET PERSPECTIVE
World Current & Future Analysis for Compressed Air Energy Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027
World Historic Review for Compressed Air Energy Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2019
World 10-Year Perspective for Compressed Air Energy Storage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2017, 2020 & 2027
World Current & Future Analysis for Renewable Energy Integration by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027
World Historic Review for Renewable Energy Integration by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2019
World 10-Year Perspective for Renewable Energy Integration by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2017, 2020 & 2027
World Current & Future Analysis for Grid Optimization by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027
World Historic Review for Grid Optimization by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2019
World 10-Year Perspective for Grid Optimization by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2017, 2020 & 2027
World Current & Future Analysis for T&D Deferral by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027
World Historic Review for T&D Deferral by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2019
World 10-Year Perspective for T&D Deferral by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2017, 2020 & 2027
UNITED STATES
Small-Scale Renewable Energy Projects: A Threat to Grid-Scale Energy Storage?
USA Current & Future Analysis for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
USA Historic Review for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2019
USA 10-Year Perspective for Compressed Air Energy Storage by End-Use - Percentage Breakdown of Value Sales for Renewable Energy Integration, Grid Optimization and T&D Deferral for the Years 2017, 2020 & 2027
CANADA
Canada Current & Future Analysis for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
Canada Historic Review for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2019
Canada 10-Year Perspective for Compressed Air Energy Storage by End-Use - Percentage Breakdown of Value Sales for Renewable Energy Integration, Grid Optimization and T&D Deferral for the Years 2017, 2020 & 2027
JAPAN
Japan Current & Future Analysis for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
Japan Historic Review for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2019
Japan 10-Year Perspective for Compressed Air Energy Storage by End-Use - Percentage Breakdown of Value Sales for Renewable Energy Integration, Grid Optimization and T&D Deferral for the Years 2017, 2020 & 2027
CHINA
China to Experience Notable Adoption of Energy Storage Systems in Long Term
China Current & Future Analysis for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
China Historic Review for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2019
China 10-Year Perspective for Compressed Air Energy Storage by End-Use - Percentage Breakdown of Value Sales for Renewable Energy Integration, Grid Optimization and T&D Deferral for the Years 2017, 2020 & 2027
EUROPE
Advanced Energy Storage Gains Momentum in Western Europe
Europe Current & Future Analysis for Compressed Air Energy Storage by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027
Europe Historic Review for Compressed Air Energy Storage by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2019
Europe 10-Year Perspective for Compressed Air Energy Storage by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2017, 2020 & 2027
Europe Current & Future Analysis for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
Europe Historic Review for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2019
Europe 10-Year Perspective for Compressed Air Energy Storage by End-Use - Percentage Breakdown of Value Sales for Renewable Energy Integration, Grid Optimization and T&D Deferral for the Years 2017, 2020 & 2027
FRANCE
France Current & Future Analysis for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
France Historic Review for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2019
France 10-Year Perspective for Compressed Air Energy Storage by End-Use - Percentage Breakdown of Value Sales for Renewable Energy Integration, Grid Optimization and T&D Deferral for the Years 2017, 2020 & 2027
GERMANY
Germany Current & Future Analysis for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
Germany Historic Review for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2019
Germany 10-Year Perspective for Compressed Air Energy Storage by End-Use - Percentage Breakdown of Value Sales for Renewable Energy Integration, Grid Optimization and T&D Deferral for the Years 2017, 2020 & 2027
ITALY
Italy Current & Future Analysis for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
Italy Historic Review for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2019
Italy 10-Year Perspective for Compressed Air Energy Storage by End-Use - Percentage Breakdown of Value Sales for Renewable Energy Integration, Grid Optimization and T&D Deferral for the Years 2017, 2020 & 2027
UNITED KINGDOM
UK Current & Future Analysis for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
UK Historic Review for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2019
UK 10-Year Perspective for Compressed Air Energy Storage by End-Use - Percentage Breakdown of Value Sales for Renewable Energy Integration, Grid Optimization and T&D Deferral for the Years 2017, 2020 & 2027
REST OF EUROPE
Rest of Europe Current & Future Analysis for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
Rest of Europe Historic Review for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2019
Rest of Europe 10-Year Perspective for Compressed Air Energy Storage by End-Use - Percentage Breakdown of Value Sales for Renewable Energy Integration, Grid Optimization and T&D Deferral for the Years 2017, 2020 & 2027
ASIA-PACIFIC
Asia: A Potential Laden Market
Asia-Pacific Current & Future Analysis for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
Asia-Pacific Historic Review for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2019
Asia-Pacific 10-Year Perspective for Compressed Air Energy Storage by End-Use - Percentage Breakdown of Value Sales for Renewable Energy Integration, Grid Optimization and T&D Deferral for the Years 2017, 2020 & 2027
REST OF WORLD
Rest of World Current & Future Analysis for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral - Independent Analysis of Annual Sales in US$ Million for the Years 2020 through 2027
Rest of World Historic Review for Compressed Air Energy Storage by End-Use - Renewable Energy Integration, Grid Optimization and T&D Deferral Markets - Independent Analysis of Annual Sales in US$ Million for Years 2017 through 2019
Rest of World 10-Year Perspective for Compressed Air Energy Storage by End-Use - Percentage Breakdown of Value Sales for Renewable Energy Integration, Grid Optimization and T&D Deferral for the Years 2017, 2020 & 2027
Total Companies Profiled: 16

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