Compressed Air Energy Storage Market Demand to Gain Momentum, States I&R in Its New Study Published at MarketPublishers.com29 Jan 2018 • by Natalie Aster
LONDON – The soaring level of penetration of intermittent renewable power on grids from pole to pole and the changeability of load conditions are boosting the demand for long duration power storage. Apart from pump storage stations, compressed air energy storage (CAES) is the only commercial long-term storage technique that has been deployed at utility-scale facilities. Thus, demand for conventional underground CAES that can be deployed on a massive scale, which has been inactive since 1991, is projected to gain momentum substantially in the coming years.
The exclusive siting requirements of conventional underground CAES, though, present considerable development risk and hinder the outlook of the technology. Higher efficiency, next-gen CAES technologies that are not restrained by geological considerations are in the run-up to commercialisation, and are well positioned to deal with the gap in availability of long term power storage technology that can be sited where required.
New research publication “I&R - The Global Compressed Air Energy Storage Market Report 2018” drawn up by I&R is designed to provide a comprehensive, unbiased assessment of the market from a global perspective.
The report gives insights into key issues such as storage options, areas of application of CAES plants, utility applications, emerging utility-scale power storage technologies, relevant emerging technologies, etc. It also takes a look at the CAES industry organisation, analyses raw materials, offers a global SWOT of industry, tracks industry trends, and discusses regulatory developments across various geographies, etc. An analysis of key market drivers and restraints is available. Furthermore, the report includes granular profiles of the top 30 companies operating in the CAES market. The report provides global CAES market forecasts to 2028, as well as provides the future outlooks for CAES markets of North America, Europe and APAC.
Many other new reports by Investment & Research can be found in its catalogue at MarketPublishers.com.