- The key vendors in the Global Compressed Air Energy Storage Market 2015-2019 are Dresser-Rand Group Inc., General Compression Inc., Hydrostor, LightSail Energy and SustainX.
London, 23 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Compressed Air Energy Storage Market 2015-2019. 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. The market is expected to grow at a CAGR of 25.5 percent during the forecast period of 2015-2019.
Most countries worldwide are investing in energy storage techniques to ensure reliable and continuous flow of power. Though compressed air energy storage technology is quite far from reaching its potential, the technology has been quite compelling for power utilities.
“Energy storage technologies, such as compressed air energy storage technology, would reduce the frequency of such blackouts by maintaining a power backup,” says Faisal Ghaus, Vice President of TechNavio Research.
“Compressed air energy storage technology will help to meet the rapidly growing demand for power globally by removing the time lag between energy generation and consumption.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
