Global Compressed Air Energy Storage Strategic Analysis Report 2023: Market to Reach $22.5 Billion by 2030 - CAES Helps Clean Energy Sector Gather Full Steam Ahead

DUBLIN, Nov. 28, 2023 /PRNewswire/ -- The "Compressed Air Energy Storage - Global Strategic Business Report" report has been added to  ResearchAndMarkets.com's offering.

Global Compressed Air Energy Storage Market to Reach $22.5 Billion by 2030

The global market for Compressed Air Energy Storage estimated at US$3.9 Billion in the year 2022, is projected to reach a revised size of US$22.5 Billion by 2030, growing at a CAGR of 24.3% over the analysis period 2022-2030.

Renewable Energy Integration, one of the segments analyzed in the report, is projected to record 24.6% CAGR and reach US$10.1 Billion by the end of the analysis period. Growth in the Grid Optimization segment is estimated at 20.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 23.8% CAGR

The Compressed Air Energy Storage market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 23.8% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.3% and 25.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 24.1% CAGR.

MARKET OVERVIEW

• Impact of COVID-19 Pandemic and Looming Global Recession
• Year 2021 in Review and Near-term Outlook
• Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
• World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 through 2023
• COVID-19 Pandemic Brings Numerous Challenges to the Energy Sector
• Global Energy Market Growth Outlook (In %) for Years 2019 through 2025
• Opportunities for the Power & Energy Sector in the Post-Pandemic Era
• Mechanical Energy Storage Registers Rise in Demand
• COVID-19 Pandemic Impacts Compressed Air Energy Storage Systems Market
• Competitive Scenario
• Compressed Air Energy Storage - Global Key Competitors Percentage Market Share in 2021 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)
• Global Compressed Air Energy Storage Market to Enjoy Strong Windfalls Ahead
• Rising Energy Demand Sets Compressed Air Energy Storage Market on Boiling Point: Outlook
• 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
• Drivers Keeping Global Compressed Air Energy Storage Market in Hot Seat
• Renewables Going Strong, CAES to Record Strong Growth
• Compressed Air Energy Storage on Cloud Nine with Flurry of Ambitious Projects
• Diabatic Technology Enjoys Monopoly in Global Compressed Air Energy Storage Market
• Regional Analysis: North America Emerges as Major Hub for Compressed Air Energy Storage Projects
• World Compressed Air Energy Storage Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
• 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
• Hydrostor Facilities to Provide Big Boost to Compressed Air Energy Storage
• India: Development of Energy Storage Critical for Attaining Renewables-Related Goals
• Israel: Augwind's AirBattery Compressed Air Energy Storage Solution
• China: Salt Cavern CAES, the First in the Country, Becomes Operational
• Australia: A-CAES System of Hydrostor Selected for Energy Supply Backup in Rural New South Wales
• Compressed Air Energy Storage (CAES): Bundling Energy for Use at Peak Hours
• Total Electrical Energy Stored Over Lifetime of Storage Technology
• CAES Technologies
• Pushing Efficiency & Maintaining High Pressure
• Recent Market Activity

MARKET TRENDS & DRIVERS

• Compressed Air Energy Storage Gains Attention
• CAES Helps Clean Energy Sector Gather Full Steam Ahead
• Intriguing Advantages Widen the Business Case for CASE
• Compressed Air Energy Storage Technology: Galvanizing Socio-Economic Gains
• 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
• Targets for Electricity Production from Renewable Energy Sources Worldwide by Country
• Global Wind and Solar Installed Capacity (GW) for the Years 2011, 2017, 2020 and 2022
• 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
• 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 Electricity Demand
• World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
• 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
• 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
• Global Investments in Electricity Networks and Storage (In US$ Billion): 2000, 2008, 2012, 2016, and 2019
• Grid Reliability Assurances from CAES Promote Uptake
• Compressed Air Energy Storage Walks in the Air & Offers Viable Option for Grid-Scale Storage
• CAES to Help Utilities Realize Zero-Carbon Grid Targets
• EnPowered Payments, A Unique On-bill Payments Platform Helping Customers Easily Secure CAES Systems
• What Makes CAES a Strong Energy Storage Contender?
• Smart Grids Elevate the Prospects
• 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
• Global Market for Smart Grids in US$ Billion) for the Years 2018 and 2020
• Strong Smart City Investments to Fuel Large-Scale Adoption
• Number of Smart Cities Worldwide by Geographic Region (2025)
• Factors Impeding Implementation of CAES
• Efforts to Make Compressed Air Storage an Appealing Option

FOCUS ON SELECT PLAYERS(Total 27 Featured)

• Siemens Energy AG
• Pacific Gas & Electric Company
• Hydrexia
• Hydrostor, Inc.
• Korea Electric Power Corporation (KEPCO)
• NRStor, Inc.
• MAN Energy Solutions SE
• Enel Green Power SpA
• Gravitricity

For more information about this report visit https://www.researchandmarkets.com/r/4p9dam

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