Key Findings
The North America liquid air energy storage market is anticipated to register a CAGR of 39.74% during the forecast period of 2023-2026. The surge in government funding and increasing grid-scale projects are leading to a rise in demand for efficient and reliable energy storage systems, hence propelling market growth in the region.

Market Insights
The North American liquid air energy storage market is further analyzed by studying the market growth in the United States and Canada. In Canada, the market is mainly directed by increasing government investments to support clean energy storage technologies, along with the rising deployment of liquid air energy storage systems in the country. The government of Canada is striving to develop innovative clean energy and energy storage capability through ongoing efforts. Liquid air energy storage technology has the potential of an efficient storage system and low emissions, as no external energy except the heat is used in the regasification of liquid air. Moreover, the growing deployment of storage systems is expected to create profitable opportunities for the market. Hydrostar developed an underwater liquid air energy storage system to convert electrical energy from the grid to compressed air. The company also proposed a 1.75 MW compressed air project in Ontario. In addition, the integration of liquid air energy storage systems could be beneficial for the overall energy storage system.

Competitive Insights
Some of the leading companies functioning in the market are Baker Hughes Company, Mitsubishi Hitachi Power Systems Ltd, Keuka Energy LLC, Custom Metalcraft Inc, Heatric, etc.
Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments