Thursday 16 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Compressed Air Energy Storage Market: Dresser-Rand Group Inc., General Compression Inc., Hydrostor, LightSail Energy and SustainX.
Other Prominent Vendors in the market are: ADELE, Apex CAES, Bright Energy Storage Technologies, Gaelectric and Pacific Gas and Electric Company.
The report said: “One key trend emerging in this market is increased investment in energy storage technology. Most countries worldwide are investing in power grid capacitors and compressed air energy storage technologies.”
According to the report, one of the major drivers of the market is the need to reduce power blackouts. The increasing incidence of power blackouts is one of the major issues faced by various power end-users worldwide, a major solution for which is the adoption of energy storage technologies in the power grid.
Further, the report states that one of the key challenges in this market is the high capital cost for compressed air energy storage systems because of the need for a compressed air pipeline between distributed compressors and storage site.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.