Market Research Report
Europe Liquid Air Energy Storage (laes) Market Forecast 2018-2023
|Published by||Inkwood Research||Product code||750054|
|Published||Content info||90 Pages
Delivery time: 1-2 business days
|Europe Liquid Air Energy Storage (laes) Market Forecast 2018-2023|
|Published: November 29, 2018||Content info: 90 Pages||
Europe is increasing its grasp on the liquid air energy storage market to secure the largest revenue by 84.46% CAGR at the end of 2023. The demand for LAES is increasing every day and will continue in the coming years also, owing to the public as well as an administrative emphasis on renewable and clean energy systems.
The developed economies of the United Kingdom, France, Germany and countries from the Rest of Europe make up the regional market for LAES in Europe. Developing countries are expected to make huge demands for the LAES solution over the forecast period for energy storage system due to its multiple benefits over conventional energy storages like lower prices, less emission and with more reliable power of the storage system. Germany is the fastest economy to gain a severe hold on the LAES market, mainly because of increasing adoption of renewable energy for storing electricity for a longer duration, along with the governmental efforts to promote the adoption of cryogenic air energy storage.
The market players for the liquid air energy storage system are Custom Metalcraft, Inc., GE Oil & Gas Inc., Heatric Limited, Highview Power, Linde Group, Messer Group GMBH, Mitsubishi Hitachi Power Systems, Ltd. and Viridor Limited who have established a major footing on the European market.