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. Growing interest in energy storage by utilizing renewable energy source has led to an upsurge in new and more advanced energy storage techniques. 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. It is recommended for large-scale energy storage and for meeting the growing energy needs.
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http://www.radiantinsights.com/research/global-compressed-air-energy-storage-market-2015-2019
The report analysts forecast the Global Compressed Air Energy Storage market to grow at a CAGR of 25.5 percent over the period 2014-2019.
Covered in this Report:
The report, Global Compressed Air Energy Storage Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Compressed Air Energy Storage market landscape and its growth prospects in the coming years. The report also includes the segmentation of compressed air energy storage market on the basis of type of application as well as geographical segmentation.
The report analysts forecast the Global Compressed Air Energy Storage market to grow at a CAGR of 25.5 percent over the period 2014-2019.
Covered in this Report:
The report, Global Compressed Air Energy Storage Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Compressed Air Energy Storage market landscape and its growth prospects in the coming years. The report also includes the segmentation of compressed air energy storage market on the basis of type of application as well as geographical segmentation.
The report includes a discussion of the key vendors operating in this market.
Key Regions
Key Regions
- Americas
- APAC
- EMEA
Key Vendors
- Dresser-Rand Group
- General Compression
- Hydrostor
- LightSail Energy
- SustainX
Other Prominent Vendors
- ADELE
- Apex CAES
- Bright Energy Storage Technologies
- Gaelectric
- Pacific Gas and Electric Company
Market Driver
- Need to Reduce Power Blackouts
- For a full, detailed list, view our report
Market Challenge
- High Capital Cost for Compressed Air Energy Storage System
- For a full, detailed list, view our report
Market Trend
- Increased Investment in Storage Technology
- For a full, detailed list, view our report
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