The Asia Pacific liquid air energy storage market is anticipated to grow considerably and record a CAGR of 51.55% over the projected period of 2023-2026. The surge in electricity demand and increasing renewable sources of energy are the major factors promoting market growth in the region. The Asia Pacific liquid air energy storage market is researched on the basis of the markets situated in the prominent countries such as Japan, South Korea, China, and the rest of Asia Pacific.

ASIA PACIFIC LIQUID AIR ENERGY STORAGE MARKET FORECAST 2023-2026

Asia Pacific Liquid Air Energy Storage Market by Capacity (5-15 MW Capacity, 16-50 MW Capacity, 50-100 MW Capacity, 100 MW+ Capacity) by Application (Power Generation, Power Transmission. Power Distribution, Renewable Integration, Lng Terminals, Other Applications) and by Geography.

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The Asia Pacific liquid air energy storage market is researched on the basis of the markets situated in the prominent countries such as Japan, South Korea, China, and the rest of Asia Pacific. In China, government initiatives to promote renewable energy is stimulating the adoption of liquid air energy storage technology. China and the United States have collaborated for solar thermal energy technology and set up various joint ventures, which promote the energy market, and the adoption of liquid air energy storage technologies is expected to increase in energy-generating plants. Moreover, the Chinese energy storage policy emphasizes on innovative technologies, constructing smart grids, and developing renewable energy. According to CNESA, China’s energy storage capacity is anticipated to increase from around 105MV in 2016 to around 14.5 MW in 2020.

Japan is one of the significant renewable energy markets, leading in smart grid and energy storage technologies. The increasing government initiatives for smart grid adoption is expected to create growth opportunities for the market. Moreover, smart city and smart grid implementation will shift its dependence from fossil fuels and nuclear energy to renewable energy infrastructure. Japan has entered into an agreement with India’s smart grid pilot project to be launched at Panipat, India. This project is functioning under the Make in India initiative by the Indian government.

Mitsubishi Hitachi Power Systems Ltd, headquartered in Yokohama, Japan, is a power company that manufactures and develops thermal power generation systems and power plants. Its product, ‘Generation 1’ LAES SYSTEM, is a storage system with higher availability and efficiency, and lower CO2 emissions.

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RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
MARKET DYNAMICS
- PARENT MARKET ANALYSIS: ENERGY STORAGE MARKET
- DEVELOPMENT OF LIQUID AIR ENERGY STORAGE (LAES)
- MARKET DEFINITION
- KEY DRIVERS
  - GEOGRAPHICALLY UNCONSTRAINED COMPARED TO OTHER ENERGY STORAGE SYSTEMS
  - GOVERNMENT SUPPORT AND TECHNOLOGICAL ADVANCEMENTS
  - LOW OPERATING AND CAPITAL COST
  - SUSTAINABLE AND CLEAN ENERGY STORAGE WITH A LONG LIFESPAN
- KEY RESTRAINTS
  - COSTS ASSOCIATED WITH LAES SYSTEMS
  - PUMPED HYDRO STORAGE AND OTHER ALTERNATIVE TECHNOLOGIES
  - DIFFICULTIES IN IMPLEMENTATION OF LAES ON LARGE SCALE
  - SHORTAGE OF LABOR COUPLED WITH LAND CONSTRAINTS

KEY ANALYTICS
- KEY INVESTMENT INSIGHTS
- PORTER’S FIVE FORCE ANALYSIS
  - BUYER POWER
  - SUPPLIER POWER
  - SUBSTITUTION
  - NEW ENTRANTS
  - INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- VALUE CHAIN ANALYSIS
  - SUPPLIERS
  - INSTALLATION
  - CONTRACTING & MARKETING
  - END-USERS
- KEY BUYING CRITERIA
  - COST
  - EFFICIENCY
  - ADAPTABILITY & SYSTEM SCALABILITY
- REGULATORY FRAMEWORK
MARKET BY CAPACITY
- 5-15 MW CAPACITY
- 16-50 MW CAPACITY
- 50-100 MW CAPACITY
- 100 MW+ CAPACITY
MARKET BY APPLICATION
- POWER GENERATION
- POWER TRANSMISSION
- POWER DISTRIBUTION
- RENEWABLE INTEGRATION
- LNG TERMINALS
- OTHER APPLICATIONS
GEOGRAPHICAL ANALYSIS
- ASIA PACIFIC
  - CHINA
  - JAPAN
  - SOUTH KOREA
  - REST OF ASIA PACIFIC

COMPANY PROFILES
- HIGHVIEW POWER
- CUSTOM METALCRAFT INC
- BAKER HUGHES COMPANY (FORMERLY, BAKER HUGHES, A GE CO LLC)
- HEATRIC (DIVISION OF MEGGITT (UK) LIMITED)
- LINDE KRYOTECHNIK AG
- MESSER GROUP GMBH
- MITSUBISHI HITACHI POWER SYSTEMS LTD (MHPS)
- VIRIDOR LIMITED
- MAN ENERGY SOLUTIONS SE
- KEUKA ENERGY LLC

TABLE LIST

TABLE 1: MARKET SNAPSHOT – LIQUID AIR ENERGY STORAGE (LAES)

TABLE 2: TIMELINE OF LIQUID AIR ENERGY STORAGE INDUSTRY

TABLE 3: COMPARISON BETWEEN LIQUID AIR ENERGY STORAGE (LAES) AND OTHER STORAGE TECHNOLOGIES/SYSTEMS

TABLE 4: LIQUID AIR ENERGY STORAGE (LAES) EFFICIENCY COMPARISON WITH OTHER STORAGE TECHNOLOGIES.

TABLE 5: ENERGY DENSITY OF DIFFERENT ENERGY STORAGE TECHNOLOGY

TABLE 6: FEATURES OF DIFFERENT ENERGY STORAGE SYSTEMS USED IN DISTRIBUTED ENERGY GENERATION AND STORAGE SYSTEM.

TABLE 7: ALL-IN INSTALLED COST RANGE OF LAES 4H SYSTEM

TABLE 8: REGULATORY FRAMEWORK

TABLE 9: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY CAPACITY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 10: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY CAPACITY, FORECAST YEARS, 2023-2026 (IN $ MILLION)

TABLE 11: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 12: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY APPLICATION, FORECAST YEARS, 2023-2026 (IN $ MILLION)

TABLE 13: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 14: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY COUNTRY, FORECAST YEARS, 2023-2026 (IN $ MILLION)

FIGURE LIST

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: ELECTRICITY DEMAND PROJECTION IN KEY GEOGRAPHIES, 2016-2040 (IN TWH)

FIGURE 3: AVERAGE ANNUAL NET CAPACITY ADDITION ESTIMATES, 2010-2040 (IN GW)

FIGURE 4: PORTER’S FIVE FORCE ANALYSIS

FIGURE 5: OPPORTUNITY MATRIX

FIGURE 6: VENDOR LANDSCAPE

FIGURE 7: VALUE CHAIN ANALYSIS

FIGURE 8: WORLDWIDE TREND OF ENERGY CONSUMPTION, 1970-2040 (IN BILLION TOE)

FIGURE 9: KEY BUYING CRITERIA

FIGURE 10: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, GROWTH POTENTIAL, BY CAPACITY, IN 2019

FIGURE 11: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY 5-15 MW CAPACITY, 2023-2026 (IN $ MILLION)

FIGURE 12: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY 16-50 MW CAPACITY, 2023-2026 (IN $ MILLION)

FIGURE 13: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY 50-100 MW CAPACITY, 2023-2026 (IN $ MILLION)

FIGURE 14: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY 100 MW+ CAPACITY, 2023-2026 (IN $ MILLION)

FIGURE 15: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019

FIGURE 16: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY POWER GENERATION, 2023-2026 (IN $ MILLION)

FIGURE 17: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY POWER TRANSMISSION, 2023-2026 (IN $ MILLION)

FIGURE 18: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY POWER DISTRIBUTION, 2023-2026 (IN $ MILLION)

FIGURE 19: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY RENEWABLE INTEGRATION, 2023-2026 (IN $ MILLION)

FIGURE 20: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY LNG TERMINALS, 2023-2026 (IN $ MILLION)

FIGURE 21: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, BY OTHER APPLICATIONS, 2023-2026 (IN $ MILLION)

FIGURE 22: ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, REGIONAL OUTLOOK, 2019 & 2026 (IN %)

FIGURE 23: CHINA LIQUID AIR ENERGY STORAGE (LAES) MARKET, 2023-2026 (IN $ MILLION)

FIGURE 24: JAPAN LIQUID AIR ENERGY STORAGE (LAES) MARKET, 2023-2026 (IN $ MILLION)

FIGURE 25: SOUTH KOREA LIQUID AIR ENERGY STORAGE (LAES) MARKET, 2023-2026 (IN $ MILLION)

FIGURE 26: REST OF ASIA PACIFIC LIQUID AIR ENERGY STORAGE (LAES) MARKET, 2023-2026 (IN $ MILLION)

Segmentation

GEOGRAPHICAL ANALYSIS
- ASIA PACIFIC
  - CHINA
  - JAPAN
  - SOUTH KOREA
  - REST OF ASIA PACIFIC

MARKET BY CAPACITY
- 5-15 MW CAPACITY
- 16-50 MW CAPACITY
- 50-100 MW CAPACITY
- 100 MW+ CAPACITY
MARKET BY APPLICATION
- POWER GENERATION
- POWER TRANSMISSION
- POWER DISTRIBUTION
- RENEWABLE INTEGRATION
- LNG TERMINALS
- OTHER APPLICATIONS