DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/dhtkwr/global_compressed) has announced the addition of the "Global Compressed Air Energy Storage Market 2015-2019" report to their offering.
The analysts forecast the Global Compressed Air Energy Storage market to grow at a CAGR of 25.5% over the period 2014-2019.
Compressed air energy storage, as the name suggests, is a technique for storing energy by using compressed air. Energy is generally stored for utilizing it later to meet the high demand during peak hours. Growing interest in energy storage by utilizing renewable energy source has led to an upsurge in new and more advanced energy storage techniques.
Compressed air energy storage has been the most prevalent form of energy storage after pumped-hydro technology. Compressed air energy storage is preferred because of its higher efficiency, greater reliability, and economic feasibility when compared to other energy storage technologies. It is recommended for large-scale energy storage and for meeting the growing energy needs.
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.
- Dresser-Rand Group
- General Compression
- LightSail Energy
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Application
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/dhtkwr/global_compressed