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Compressed Air Energy Storage (CAES) Market Share

Report ID: GMI5929
Published Date: Jun 2023
Report Format: PDF

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Compressed Air Energy Storage Market Share

Global Company Market Share Analysis, 2023 (%)

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Major participants operating in the compressed air energy storage industry landscape are:

Siemens
Hydrostor Inc
Pacific Gas and Electric Company
APEX CAES
Storelectric LTD
ALACAES
AUGWIND ENERGY
Cheesecake Energy Ltd
ENERGY DOME S.p.A
TerraStor Energy Corporation
Corre Energy
Sherwood Power
Green-Y Energy AG
TerraStor Energy Corporation
Corre Energy

Major manufacturers across Asia Pacific and the U.S. are inclined toward mergers & acquisitions, strategic collaborations, partnerships, and joint ventures to further gain a competitive advantage in the market.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of compressed air energy storage (CAES) reached USD 1.13 billion in 2023 and will showcase 11.3% CAGR during 2024-2032 due to the higher integration of renewable energy sources, including solar and wind into the power grids.

CAES industry share from the adiabatic technology segment exceeded USD 600 million in 2022 owing to the increasing R&D efforts aimed at improving performance and commercial viability.

North America compressed air energy storage industry size is set to gain traction through 2032 due to the rise in renewable energy generation, particularly from sources such as wind and solar power.

Some of the well-known CAES firms include Siemens, Hydrostor Inc., Pacific Gas and Electric Company, APEX CAES, Storelectric LTD, ALACAES, AUGWIND ENERGY, Cheesecake Energy Ltd, ENERGY DOME S.p.A., TerraStor Energy Corporation, Corre Energy, and Sherwood Power