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Global Cryogenic Energy Storage Technology Market Research Report 2024

Global Cryogenic Energy Storage Technology Market Research Report 2024

Publishing Date : Mar, 2024

License Type :
 

Report Code : 1658178

No of Pages : 67

Synopsis
Cryogenic energy storage technology refers to a technology that stores energy in the form of liquified air or liquified natural gas at low temperature. This technology is mainly used for energy storage and peak shaving in the power grid, and can effectively solve the problem of mismatch between energy supply and demand in the power grid.
The global Cryogenic Energy Storage Technology market was valued at US$ 142 million in 2023 and is anticipated to reach US$ 370.1 million by 2030, witnessing a CAGR of 14.5% during the forecast period 2024-2030.
In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.
According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.
According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 103%.
This report aims to provide a comprehensive presentation of the global market for Cryogenic Energy Storage Technology, 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 Cryogenic Energy Storage Technology.
Report Scope
The Cryogenic Energy Storage Technology 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 Cryogenic Energy Storage Technology 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 Cryogenic Energy Storage Technology 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.
Market Segmentation
By Company
Highview Power
Cryogen
JEKUSOL
Linde plc
Segment by Type
Liquid Nitrogen Energy Storage
Liquid Air Energy Storage (LAES)
Segment by Application
Utilities
Distributed Power Systems
Others
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 Cryogenic Energy Storage Technology 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.
Index
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Cryogenic Energy Storage Technology Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Liquid Nitrogen Energy Storage
1.2.3 Liquid Air Energy Storage (LAES)
1.3 Market by Application
1.3.1 Global Cryogenic Energy Storage Technology Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Utilities
1.3.3 Distributed Power Systems
1.3.4 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Cryogenic Energy Storage Technology Market Perspective (2019-2030)
2.2 Cryogenic Energy Storage Technology Growth Trends by Region
2.2.1 Global Cryogenic Energy Storage Technology Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Cryogenic Energy Storage Technology Historic Market Size by Region (2019-2024)
2.2.3 Cryogenic Energy Storage Technology Forecasted Market Size by Region (2025-2030)
2.3 Cryogenic Energy Storage Technology Market Dynamics
2.3.1 Cryogenic Energy Storage Technology Industry Trends
2.3.2 Cryogenic Energy Storage Technology Market Drivers
2.3.3 Cryogenic Energy Storage Technology Market Challenges
2.3.4 Cryogenic Energy Storage Technology Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Cryogenic Energy Storage Technology Players by Revenue
3.1.1 Global Top Cryogenic Energy Storage Technology Players by Revenue (2019-2024)
3.1.2 Global Cryogenic Energy Storage Technology Revenue Market Share by Players (2019-2024)
3.2 Global Cryogenic Energy Storage Technology Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Cryogenic Energy Storage Technology Revenue
3.4 Global Cryogenic Energy Storage Technology Market Concentration Ratio
3.4.1 Global Cryogenic Energy Storage Technology Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Cryogenic Energy Storage Technology Revenue in 2023
3.5 Cryogenic Energy Storage Technology Key Players Head office and Area Served
3.6 Key Players Cryogenic Energy Storage Technology Product Solution and Service
3.7 Date of Enter into Cryogenic Energy Storage Technology Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Cryogenic Energy Storage Technology Breakdown Data by Type
4.1 Global Cryogenic Energy Storage Technology Historic Market Size by Type (2019-2024)
4.2 Global Cryogenic Energy Storage Technology Forecasted Market Size by Type (2025-2030)
5 Cryogenic Energy Storage Technology Breakdown Data by Application
5.1 Global Cryogenic Energy Storage Technology Historic Market Size by Application (2019-2024)
5.2 Global Cryogenic Energy Storage Technology Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Cryogenic Energy Storage Technology Market Size (2019-2030)
6.2 North America Cryogenic Energy Storage Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Cryogenic Energy Storage Technology Market Size by Country (2019-2024)
6.4 North America Cryogenic Energy Storage Technology Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Cryogenic Energy Storage Technology Market Size (2019-2030)
7.2 Europe Cryogenic Energy Storage Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Cryogenic Energy Storage Technology Market Size by Country (2019-2024)
7.4 Europe Cryogenic Energy Storage Technology Market 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 Cryogenic Energy Storage Technology Market Size (2019-2030)
8.2 Asia-Pacific Cryogenic Energy Storage Technology Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Cryogenic Energy Storage Technology Market Size by Region (2019-2024)
8.4 Asia-Pacific Cryogenic Energy Storage Technology Market 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 Cryogenic Energy Storage Technology Market Size (2019-2030)
9.2 Latin America Cryogenic Energy Storage Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Cryogenic Energy Storage Technology Market Size by Country (2019-2024)
9.4 Latin America Cryogenic Energy Storage Technology Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Cryogenic Energy Storage Technology Market Size (2019-2030)
10.2 Middle East & Africa Cryogenic Energy Storage Technology Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Cryogenic Energy Storage Technology Market Size by Country (2019-2024)
10.4 Middle East & Africa Cryogenic Energy Storage Technology Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Highview Power
11.1.1 Highview Power Company Detail
11.1.2 Highview Power Business Overview
11.1.3 Highview Power Cryogenic Energy Storage Technology Introduction
11.1.4 Highview Power Revenue in Cryogenic Energy Storage Technology Business (2019-2024)
11.1.5 Highview Power Recent Development
11.2 Cryogen
11.2.1 Cryogen Company Detail
11.2.2 Cryogen Business Overview
11.2.3 Cryogen Cryogenic Energy Storage Technology Introduction
11.2.4 Cryogen Revenue in Cryogenic Energy Storage Technology Business (2019-2024)
11.2.5 Cryogen Recent Development
11.3 JEKUSOL
11.3.1 JEKUSOL Company Detail
11.3.2 JEKUSOL Business Overview
11.3.3 JEKUSOL Cryogenic Energy Storage Technology Introduction
11.3.4 JEKUSOL Revenue in Cryogenic Energy Storage Technology Business (2019-2024)
11.3.5 JEKUSOL Recent Development
11.4 Linde plc
11.4.1 Linde plc Company Detail
11.4.2 Linde plc Business Overview
11.4.3 Linde plc Cryogenic Energy Storage Technology Introduction
11.4.4 Linde plc Revenue in Cryogenic Energy Storage Technology Business (2019-2024)
11.4.5 Linde plc 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
List of Tables
List of Tables
Table 1. Global Cryogenic Energy Storage Technology Market Size Growth Rate by Type (US$ Million): 2019 VS 2023 VS 2030
Table 2. Key Players of Liquid Nitrogen Energy Storage
Table 3. Key Players of Liquid Air Energy Storage (LAES)
Table 4. Global Cryogenic Energy Storage Technology Market Size Growth by Application (US$ Million): 2019 VS 2023 VS 2030
Table 5. Global Cryogenic Energy Storage Technology Market Size by Region (US$ Million): 2019 VS 2023 VS 2030
Table 6. Global Cryogenic Energy Storage Technology Market Size by Region (2019-2024) & (US$ Million)
Table 7. Global Cryogenic Energy Storage Technology Market Share by Region (2019-2024)
Table 8. Global Cryogenic Energy Storage Technology Forecasted Market Size by Region (2025-2030) & (US$ Million)
Table 9. Global Cryogenic Energy Storage Technology Market Share by Region (2025-2030)
Table 10. Cryogenic Energy Storage Technology Market Trends
Table 11. Cryogenic Energy Storage Technology Market Drivers
Table 12. Cryogenic Energy Storage Technology Market Challenges
Table 13. Cryogenic Energy Storage Technology Market Restraints
Table 14. Global Cryogenic Energy Storage Technology Revenue by Players (2019-2024) & (US$ Million)
Table 15. Global Cryogenic Energy Storage Technology Market Share by Players (2019-2024)
Table 16. Global Top Cryogenic Energy Storage Technology Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Cryogenic Energy Storage Technology as of 2023)
Table 17. Ranking of Global Top Cryogenic Energy Storage Technology Companies by Revenue (US$ Million) in 2023
Table 18. Global 5 Largest Players Market Share by Cryogenic Energy Storage Technology Revenue (CR5 and HHI) & (2019-2024)
Table 19. Key Players Headquarters and Area Served
Table 20. Key Players Cryogenic Energy Storage Technology Product Solution and Service
Table 21. Date of Enter into Cryogenic Energy Storage Technology Market
Table 22. Mergers & Acquisitions, Expansion Plans
Table 23. Global Cryogenic Energy Storage Technology Market Size by Type (2019-2024) & (US$ Million)
Table 24. Global Cryogenic Energy Storage Technology Revenue Market Share by Type (2019-2024)
Table 25. Global Cryogenic Energy Storage Technology Forecasted Market Size by Type (2025-2030) & (US$ Million)
Table 26. Global Cryogenic Energy Storage Technology Revenue Market Share by Type (2025-2030)
Table 27. Global Cryogenic Energy Storage Technology Market Size by Application (2019-2024) & (US$ Million)
Table 28. Global Cryogenic Energy Storage Technology Revenue Market Share by Application (2019-2024)
Table 29. Global Cryogenic Energy Storage Technology Forecasted Market Size by Application (2025-2030) & (US$ Million)
Table 30. Global Cryogenic Energy Storage Technology Revenue Market Share by Application (2025-2030)
Table 31. North America Cryogenic Energy Storage Technology Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 32. North America Cryogenic Energy Storage Technology Market Size by Country (2019-2024) & (US$ Million)
Table 33. North America Cryogenic Energy Storage Technology Market Size by Country (2025-2030) & (US$ Million)
Table 34. Europe Cryogenic Energy Storage Technology Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 35. Europe Cryogenic Energy Storage Technology Market Size by Country (2019-2024) & (US$ Million)
Table 36. Europe Cryogenic Energy Storage Technology Market Size by Country (2025-2030) & (US$ Million)
Table 37. Asia-Pacific Cryogenic Energy Storage Technology Market Size Growth Rate by Region (US$ Million): 2019 VS 2023 VS 2030
Table 38. Asia-Pacific Cryogenic Energy Storage Technology Market Size by Region (2019-2024) & (US$ Million)
Table 39. Asia-Pacific Cryogenic Energy Storage Technology Market Size by Region (2025-2030) & (US$ Million)
Table 40. Latin America Cryogenic Energy Storage Technology Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 41. Latin America Cryogenic Energy Storage Technology Market Size by Country (2019-2024) & (US$ Million)
Table 42. Latin America Cryogenic Energy Storage Technology Market Size by Country (2025-2030) & (US$ Million)
Table 43. Middle East & Africa Cryogenic Energy Storage Technology Market Size Growth Rate by Country (US$ Million): 2019 VS 2023 VS 2030
Table 44. Middle East & Africa Cryogenic Energy Storage Technology Market Size by Country (2019-2024) & (US$ Million)
Table 45. Middle East & Africa Cryogenic Energy Storage Technology Market Size by Country (2025-2030) & (US$ Million)
Table 46. Highview Power Company Detail
Table 47. Highview Power Business Overview
Table 48. Highview Power Cryogenic Energy Storage Technology Product
Table 49. Highview Power Revenue in Cryogenic Energy Storage Technology Business (2019-2024) & (US$ Million)
Table 50. Highview Power Recent Development
Table 51. Cryogen Company Detail
Table 52. Cryogen Business Overview
Table 53. Cryogen Cryogenic Energy Storage Technology Product
Table 54. Cryogen Revenue in Cryogenic Energy Storage Technology Business (2019-2024) & (US$ Million)
Table 55. Cryogen Recent Development
Table 56. JEKUSOL Company Detail
Table 57. JEKUSOL Business Overview
Table 58. JEKUSOL Cryogenic Energy Storage Technology Product
Table 59. JEKUSOL Revenue in Cryogenic Energy Storage Technology Business (2019-2024) & (US$ Million)
Table 60. JEKUSOL Recent Development
Table 61. Linde plc Company Detail
Table 62. Linde plc Business Overview
Table 63. Linde plc Cryogenic Energy Storage Technology Product
Table 64. Linde plc Revenue in Cryogenic Energy Storage Technology Business (2019-2024) & (US$ Million)
Table 65. Linde plc Recent Development
Table 66. Research Programs/Design for This Report
Table 67. Key Data Information from Secondary Sources
Table 68. Key Data Information from Primary Sources
List of Figures
Figure 1. Global Cryogenic Energy Storage Technology Market Size Comparison by Type (2024-2030) & (US$ Million)
Figure 2. Global Cryogenic Energy Storage Technology Market Share by Type: 2023 VS 2030
Figure 3. Liquid Nitrogen Energy Storage Features
Figure 4. Liquid Air Energy Storage (LAES) Features
Figure 5. Global Cryogenic Energy Storage Technology Market Size Comparison by Application (2024-2030) & (US$ Million)
Figure 6. Global Cryogenic Energy Storage Technology Market Share by Application: 2023 VS 2030
Figure 7. Utilities Case Studies
Figure 8. Distributed Power Systems Case Studies
Figure 9. Others Case Studies
Figure 10. Cryogenic Energy Storage Technology Report Years Considered
Figure 11. Global Cryogenic Energy Storage Technology Market Size (US$ Million), Year-over-Year: 2019-2030
Figure 12. Global Cryogenic Energy Storage Technology Market Size, (US$ Million), 2019 VS 2023 VS 2030
Figure 13. Global Cryogenic Energy Storage Technology Market Share by Region: 2023 VS 2030
Figure 14. Global Cryogenic Energy Storage Technology Market Share by Players in 2023
Figure 15. Global Top Cryogenic Energy Storage Technology Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Cryogenic Energy Storage Technology as of 2023)
Figure 16. The Top 10 and 5 Players Market Share by Cryogenic Energy Storage Technology Revenue in 2023
Figure 17. North America Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 18. North America Cryogenic Energy Storage Technology Market Share by Country (2019-2030)
Figure 19. United States Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 20. Canada Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 21. Europe Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 22. Europe Cryogenic Energy Storage Technology Market Share by Country (2019-2030)
Figure 23. Germany Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 24. France Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 25. U.K. Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 26. Italy Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 27. Russia Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 28. Nordic Countries Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 29. Asia-Pacific Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 30. Asia-Pacific Cryogenic Energy Storage Technology Market Share by Region (2019-2030)
Figure 31. China Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 32. Japan Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 33. South Korea Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 34. Southeast Asia Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 35. India Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 36. Australia Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 37. Latin America Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 38. Latin America Cryogenic Energy Storage Technology Market Share by Country (2019-2030)
Figure 39. Mexico Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 40. Brazil Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 41. Middle East & Africa Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 42. Middle East & Africa Cryogenic Energy Storage Technology Market Share by Country (2019-2030)
Figure 43. Turkey Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 44. Saudi Arabia Cryogenic Energy Storage Technology Market Size YoY Growth (2019-2030) & (US$ Million)
Figure 45. Highview Power Revenue Growth Rate in Cryogenic Energy Storage Technology Business (2019-2024)
Figure 46. Cryogen Revenue Growth Rate in Cryogenic Energy Storage Technology Business (2019-2024)
Figure 47. JEKUSOL Revenue Growth Rate in Cryogenic Energy Storage Technology Business (2019-2024)
Figure 48. Linde plc Revenue Growth Rate in Cryogenic Energy Storage Technology Business (2019-2024)
Figure 49. Bottom-up and Top-down Approaches for This Report
Figure 50. Data Triangulation
Figure 51. Key Executives Interviewed

Published By : QY Research

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