
Compressed air energy storage (CAES) is a way to store energy generated at one time for use at another time. At utility scale, energy generated during periods of low energy demand (off-peak) can be released to meet higher demand (peak load) periods.
The global Compressed Air Energy Storage System market was valued at US$ 216 million in 2023 and is anticipated to reach US$ 372 million by 2030, witnessing a CAGR of 8.5% during the forecast period 2024-2030.
North American market for Compressed Air Energy Storage System is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
Asia-Pacific market for Compressed Air Energy Storage System is estimated to increase from $ million in 2023 to reach $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The global market for Compressed Air Energy Storage System in Utility is estimated to increase from $ million in 2023 to $ million by 2030, at a CAGR of % during the forecast period of 2024 through 2030.
The major global companies of Compressed Air Energy Storage System include Hydrostor, Storelectric, Siemens, Augwind, ALACAES, APEX CAES, China Huaneng, CEEC and Power China, etc. In 2023, the world's top three vendors accounted for approximately % of the revenue.
This report aims to provide a comprehensive presentation of the global market for Compressed Air Energy Storage System, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Compressed Air Energy Storage System.
Report Scope
The Compressed Air Energy Storage System market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Compressed Air Energy Storage System market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Compressed Air Energy Storage System companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Âé¶¹Ô´´ Segmentation
By Company
Hydrostor
Storelectric
Siemens
Augwind
ALACAES
APEX CAES
China Huaneng
CEEC
Power China
CMEC
China Caes
Segment by Type
Conventional Type
Advanced Type
Segment by Application
Utility
Commercial
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Compressed Air Energy Storage System companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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1 Report Overview
1.1 Study Scope
1.2 Âé¶¹Ô´´ Analysis by Type
1.2.1 Global Compressed Air Energy Storage System Âé¶¹Ô´´ Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Conventional Type
1.2.3 Advanced Type
1.3 Âé¶¹Ô´´ by Application
1.3.1 Global Compressed Air Energy Storage System Âé¶¹Ô´´ Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Utility
1.3.3 Commercial
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Compressed Air Energy Storage System Âé¶¹Ô´´ Perspective (2019-2030)
2.2 Compressed Air Energy Storage System Growth Trends by Region
2.2.1 Global Compressed Air Energy Storage System Âé¶¹Ô´´ Size by Region: 2019 VS 2023 VS 2030
2.2.2 Compressed Air Energy Storage System Historic Âé¶¹Ô´´ Size by Region (2019-2024)
2.2.3 Compressed Air Energy Storage System Forecasted Âé¶¹Ô´´ Size by Region (2025-2030)
2.3 Compressed Air Energy Storage System Âé¶¹Ô´´ Dynamics
2.3.1 Compressed Air Energy Storage System Industry Trends
2.3.2 Compressed Air Energy Storage System Âé¶¹Ô´´ Drivers
2.3.3 Compressed Air Energy Storage System Âé¶¹Ô´´ Challenges
2.3.4 Compressed Air Energy Storage System Âé¶¹Ô´´ Restraints
3 Competition Landscape by Key Players
3.1 Global Top Compressed Air Energy Storage System Players by Revenue
3.1.1 Global Top Compressed Air Energy Storage System Players by Revenue (2019-2024)
3.1.2 Global Compressed Air Energy Storage System Revenue Âé¶¹Ô´´ Share by Players (2019-2024)
3.2 Global Compressed Air Energy Storage System Âé¶¹Ô´´ Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Compressed Air Energy Storage System Revenue
3.4 Global Compressed Air Energy Storage System Âé¶¹Ô´´ Concentration Ratio
3.4.1 Global Compressed Air Energy Storage System Âé¶¹Ô´´ Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Compressed Air Energy Storage System Revenue in 2023
3.5 Compressed Air Energy Storage System Key Players Head office and Area Served
3.6 Key Players Compressed Air Energy Storage System Product Solution and Service
3.7 Date of Enter into Compressed Air Energy Storage System Âé¶¹Ô´´
3.8 Mergers & Acquisitions, Expansion Plans
4 Compressed Air Energy Storage System Breakdown Data by Type
4.1 Global Compressed Air Energy Storage System Historic Âé¶¹Ô´´ Size by Type (2019-2024)
4.2 Global Compressed Air Energy Storage System Forecasted Âé¶¹Ô´´ Size by Type (2025-2030)
5 Compressed Air Energy Storage System Breakdown Data by Application
5.1 Global Compressed Air Energy Storage System Historic Âé¶¹Ô´´ Size by Application (2019-2024)
5.2 Global Compressed Air Energy Storage System Forecasted Âé¶¹Ô´´ Size by Application (2025-2030)
6 North America
6.1 North America Compressed Air Energy Storage System Âé¶¹Ô´´ Size (2019-2030)
6.2 North America Compressed Air Energy Storage System Âé¶¹Ô´´ Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Compressed Air Energy Storage System Âé¶¹Ô´´ Size by Country (2019-2024)
6.4 North America Compressed Air Energy Storage System Âé¶¹Ô´´ Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Compressed Air Energy Storage System Âé¶¹Ô´´ Size (2019-2030)
7.2 Europe Compressed Air Energy Storage System Âé¶¹Ô´´ Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Compressed Air Energy Storage System Âé¶¹Ô´´ Size by Country (2019-2024)
7.4 Europe Compressed Air Energy Storage System Âé¶¹Ô´´ Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Compressed Air Energy Storage System Âé¶¹Ô´´ Size (2019-2030)
8.2 Asia-Pacific Compressed Air Energy Storage System Âé¶¹Ô´´ Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Compressed Air Energy Storage System Âé¶¹Ô´´ Size by Region (2019-2024)
8.4 Asia-Pacific Compressed Air Energy Storage System Âé¶¹Ô´´ Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Compressed Air Energy Storage System Âé¶¹Ô´´ Size (2019-2030)
9.2 Latin America Compressed Air Energy Storage System Âé¶¹Ô´´ Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Compressed Air Energy Storage System Âé¶¹Ô´´ Size by Country (2019-2024)
9.4 Latin America Compressed Air Energy Storage System Âé¶¹Ô´´ Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Compressed Air Energy Storage System Âé¶¹Ô´´ Size (2019-2030)
10.2 Middle East & Africa Compressed Air Energy Storage System Âé¶¹Ô´´ Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Compressed Air Energy Storage System Âé¶¹Ô´´ Size by Country (2019-2024)
10.4 Middle East & Africa Compressed Air Energy Storage System Âé¶¹Ô´´ Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Hydrostor
11.1.1 Hydrostor Company Detail
11.1.2 Hydrostor Business Overview
11.1.3 Hydrostor Compressed Air Energy Storage System Introduction
11.1.4 Hydrostor Revenue in Compressed Air Energy Storage System Business (2019-2024)
11.1.5 Hydrostor Recent Development
11.2 Storelectric
11.2.1 Storelectric Company Detail
11.2.2 Storelectric Business Overview
11.2.3 Storelectric Compressed Air Energy Storage System Introduction
11.2.4 Storelectric Revenue in Compressed Air Energy Storage System Business (2019-2024)
11.2.5 Storelectric Recent Development
11.3 Siemens
11.3.1 Siemens Company Detail
11.3.2 Siemens Business Overview
11.3.3 Siemens Compressed Air Energy Storage System Introduction
11.3.4 Siemens Revenue in Compressed Air Energy Storage System Business (2019-2024)
11.3.5 Siemens Recent Development
11.4 Augwind
11.4.1 Augwind Company Detail
11.4.2 Augwind Business Overview
11.4.3 Augwind Compressed Air Energy Storage System Introduction
11.4.4 Augwind Revenue in Compressed Air Energy Storage System Business (2019-2024)
11.4.5 Augwind Recent Development
11.5 ALACAES
11.5.1 ALACAES Company Detail
11.5.2 ALACAES Business Overview
11.5.3 ALACAES Compressed Air Energy Storage System Introduction
11.5.4 ALACAES Revenue in Compressed Air Energy Storage System Business (2019-2024)
11.5.5 ALACAES Recent Development
11.6 APEX CAES
11.6.1 APEX CAES Company Detail
11.6.2 APEX CAES Business Overview
11.6.3 APEX CAES Compressed Air Energy Storage System Introduction
11.6.4 APEX CAES Revenue in Compressed Air Energy Storage System Business (2019-2024)
11.6.5 APEX CAES Recent Development
11.7 China Huaneng
11.7.1 China Huaneng Company Detail
11.7.2 China Huaneng Business Overview
11.7.3 China Huaneng Compressed Air Energy Storage System Introduction
11.7.4 China Huaneng Revenue in Compressed Air Energy Storage System Business (2019-2024)
11.7.5 China Huaneng Recent Development
11.8 CEEC
11.8.1 CEEC Company Detail
11.8.2 CEEC Business Overview
11.8.3 CEEC Compressed Air Energy Storage System Introduction
11.8.4 CEEC Revenue in Compressed Air Energy Storage System Business (2019-2024)
11.8.5 CEEC Recent Development
11.9 Power China
11.9.1 Power China Company Detail
11.9.2 Power China Business Overview
11.9.3 Power China Compressed Air Energy Storage System Introduction
11.9.4 Power China Revenue in Compressed Air Energy Storage System Business (2019-2024)
11.9.5 Power China Recent Development
11.10 CMEC
11.10.1 CMEC Company Detail
11.10.2 CMEC Business Overview
11.10.3 CMEC Compressed Air Energy Storage System Introduction
11.10.4 CMEC Revenue in Compressed Air Energy Storage System Business (2019-2024)
11.10.5 CMEC Recent Development
11.11 China Caes
11.11.1 China Caes Company Detail
11.11.2 China Caes Business Overview
11.11.3 China Caes Compressed Air Energy Storage System Introduction
11.11.4 China Caes Revenue in Compressed Air Energy Storage System Business (2019-2024)
11.11.5 China Caes Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Hydrostor
Storelectric
Siemens
Augwind
ALACAES
APEX CAES
China Huaneng
CEEC
Power China
CMEC
China Caes
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*If Applicable.
