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NORTH AMERICA LIQUID AIR ENERGY STORAGE MARKET FORECAST 2023-2026

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NORTH AMERICA LIQUID AIR ENERGY STORAGE MARKET FORECAST 2023-2026

The North America liquid air energy storage market is evaluated to record a CAGR of 39.74% during the forecasted period, 2023-2026. The factors augmenting market growth in the region are the increasing initiatives in research and development, together with strict regulations with regard to environmental emissions.

NORTH AMERICA LIQUID AIR ENERGY STORAGE MARKET FORECAST 2023-2026

North America Liquid Air Energy Storage Market by Capacity (5-15 MW Capacity, 16-50 MW Capacity, 50-100 MW Capacity, 100 MW+ Capacity) by Application (Power Generation, Power Transmission. Power Distribution, Renewable Integration, Lng Terminals, Other Applications) and by Geography.

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The North America liquid air energy storage market is evaluated to record a CAGR of 39.74% during the forecasted period, 2023-2026. The factors augmenting market growth in the region are the increasing initiatives in research and development, together with strict regulations with regard to environmental emissions.

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The growth of the North America liquid air energy storage market is further researched on the basis of markets situated in the United States and Canada. The United States market is primarily driven by investments to promote clean energy storage technology, coupled with the strategic alliance between companies to stimulate the deployment of liquid air energy storage technology. The clean air energy storage technology is used to utilize energy from renewables to liquidize and store it for future use. LAES is an innovative solution that offers long-duration and large-scale energy storage, which can deliver 5MW -300 MWs of power for distributed power systems and utility.  Keuka Energy introduced a 125-kilowatt prototype vessel to create a constant and steady source of electricity. The technology of liquid air energy storage or cryogenic energy storage reduces the cost of supplying power from turbines to liquefy equipment. Around 90 energy storage projects were installed in California, which is the world’s largest commissioned energy storage incentive program.

Baker Hughes Company, headquartered in Houston, Texas, US, is a supplier of oilfield products, technology, services, and systems to the oil and natural gas industry worldwide. The company operates in Europe, Africa, America, Asia Pacific, and the Middle East.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • PARENT MARKET ANALYSIS: ENERGY STORAGE MARKET
      • DEVELOPMENT OF LIQUID AIR ENERGY STORAGE (LAES)
      • MARKET DEFINITION
      •    KEY DRIVERS
        • GEOGRAPHICALLY UNCONSTRAINED COMPARED TO OTHER ENERGY STORAGE SYSTEMS
        • GOVERNMENT SUPPORT AND TECHNOLOGICAL ADVANCEMENTS
        • LOW OPERATING AND CAPITAL COST
        • SUSTAINABLE AND CLEAN ENERGY STORAGE WITH A LONG LIFESPAN
      •    KEY RESTRAINTS
        • COSTS ASSOCIATED WITH LAES SYSTEMS
        • PUMPED HYDRO STORAGE AND OTHER ALTERNATIVE TECHNOLOGIES
        • DIFFICULTIES IN IMPLEMENTATION OF LAES ON LARGE SCALE
        • SHORTAGE OF LABOR COUPLED WITH LAND CONSTRAINTS
    1. KEY ANALYTICS
      • KEY INVESTMENT INSIGHTS
      •    PORTER’S FIVE FORCE ANALYSIS
        • BUYER POWER
        • SUPPLIER POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      •    VALUE CHAIN ANALYSIS
        • SUPPLIERS
        • INSTALLATION
        • CONTRACTING & MARKETING
        • END-USERS
      •    KEY BUYING CRITERIA
        • COST
        • EFFICIENCY
        • ADAPTABILITY & SYSTEM SCALABILITY
      • REGULATORY FRAMEWORK
    2. MARKET BY CAPACITY
      • 5-15 MW CAPACITY
      • 16-50 MW CAPACITY
      • 50-100 MW CAPACITY
      • 100 MW+ CAPACITY
    3. MARKET BY APPLICATION
      • POWER GENERATION
      • POWER TRANSMISSION
      • POWER DISTRIBUTION
      • RENEWABLE INTEGRATION
      • LNG TERMINALS
      • OTHER APPLICATIONS
    4. GEOGRAPHICAL ANALYSIS
      •    NORTH AMERICA
        • UNITED STATES
        • CANADA
    1. COMPANY PROFILES
      • HIGHVIEW POWER
      • CUSTOM METALCRAFT INC
      • BAKER HUGHES COMPANY (FORMERLY, BAKER HUGHES, A GE CO LLC)
      • HEATRIC (DIVISION OF MEGGITT (UK) LIMITED)
      • LINDE KRYOTECHNIK AG
      • MESSER GROUP GMBH
      • MITSUBISHI HITACHI POWER SYSTEMS LTD (MHPS)
      • VIRIDOR LIMITED
      • MAN ENERGY SOLUTIONS SE
      • KEUKA ENERGY LLC

    TABLE LIST

    TABLE 1: MARKET SNAPSHOT – LIQUID AIR ENERGY STORAGE (LAES)

    TABLE 2: TIMELINE OF LIQUID AIR ENERGY STORAGE INDUSTRY

    TABLE 3: COMPARISON BETWEEN LIQUID AIR ENERGY STORAGE (LAES) AND OTHER STORAGE TECHNOLOGIES/SYSTEMS

    TABLE 4: LIQUID AIR ENERGY STORAGE (LAES) EFFICIENCY COMPARISON WITH OTHER STORAGE TECHNOLOGIES.

    TABLE 5: ENERGY DENSITY OF DIFFERENT ENERGY STORAGE TECHNOLOGY

    TABLE 6: FEATURES OF DIFFERENT ENERGY STORAGE SYSTEMS USED IN DISTRIBUTED ENERGY GENERATION AND STORAGE SYSTEM.

    TABLE 7: ALL-IN INSTALLED COST RANGE OF LAES 4H SYSTEM

    TABLE 8: REGULATORY FRAMEWORK

    TABLE 9: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY CAPACITY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 10: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY CAPACITY, FORECAST YEARS, 2023-2026 (IN $ MILLION)

    TABLE 11: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 12: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY APPLICATION, FORECAST YEARS, 2023-2026 (IN $ MILLION)

    TABLE 13: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 14: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY COUNTRY, FORECAST YEARS, 2023-2026 (IN $ MILLION)

     FIGURE LIST

    FIGURE 1: KEY INVESTMENT INSIGHTS

    FIGURE 2: ELECTRICITY DEMAND PROJECTION IN KEY GEOGRAPHIES, 2016-2040 (IN TWH)

    FIGURE 3: AVERAGE ANNUAL NET CAPACITY ADDITION ESTIMATES, 2010-2040 (IN GW)

    FIGURE 4: PORTER’S FIVE FORCE ANALYSIS

    FIGURE 5: OPPORTUNITY MATRIX

    FIGURE 6: VENDOR LANDSCAPE

    FIGURE 7: VALUE CHAIN ANALYSIS

    FIGURE 8: WORLDWIDE TREND OF ENERGY CONSUMPTION, 1970-2040 (IN BILLION TOE)

    FIGURE 9: KEY BUYING CRITERIA

    FIGURE 10: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, GROWTH POTENTIAL, BY CAPACITY, IN 2019

    FIGURE 11: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY 5-15 MW CAPACITY, 2023-2026 (IN $ MILLION)

    FIGURE 12: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY 16-50 MW CAPACITY, 2023-2026 (IN $ MILLION)

    FIGURE 13: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY 50-100 MW CAPACITY, 2023-2026 (IN $ MILLION)

    FIGURE 14: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY 100 MW+ CAPACITY, 2023-2026 (IN $ MILLION)

    FIGURE 15: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019

    FIGURE 16: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY POWER GENERATION, 2023-2026 (IN $ MILLION)

    FIGURE 17: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY POWER TRANSMISSION, 2023-2026 (IN $ MILLION)

    FIGURE 18: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY POWER DISTRIBUTION, 2023-2026 (IN $ MILLION)

    FIGURE 19: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY RENEWABLE INTEGRATION, 2023-2026 (IN $ MILLION)

    FIGURE 20: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY LNG TERMINALS, 2023-2026 (IN $ MILLION)

    FIGURE 21: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY OTHER APPLICATIONS, 2023-2026 (IN $ MILLION)

    FIGURE 22: NORTH AMERICA LIQUID AIR ENERGY STORAGE (LAES) MARKET, REGIONAL OUTLOOK, 2019 & 2026 (IN %)

    FIGURE 23: UNITED STATES LIQUID AIR ENERGY STORAGE (LAES) MARKET, 2023-2026 (IN $ MILLION)

    FIGURE 24: CANADA LIQUID AIR ENERGY STORAGE (LAES) MARKET, 2023-2026 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      •    NORTH AMERICA
        • UNITED STATES
        • CANADA
    1. MARKET BY CAPACITY
      • 5-15 MW CAPACITY
      • 16-50 MW CAPACITY
      • 50-100 MW CAPACITY
      • 100 MW+ CAPACITY
    2. MARKET BY APPLICATION
      • POWER GENERATION
      • POWER TRANSMISSION
      • POWER DISTRIBUTION
      • RENEWABLE INTEGRATION
      • LNG TERMINALS
      • OTHER APPLICATIONS

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