Flywheel Energy Storage System Market 2027 By Size, Share, Trends, Growth, Forecast

Report Description

Global flywheel energy storage system market is projected to grow at a steady CAGR in the forecast period of 2023-2027. The market is growing because of increasing demand of kinetic energy storage by small- and large-scale industries for the efficient functionality. Grid balancing, renewable integration, and power supply to islands and isolated grids is required for the fluidity of manufacturing and other working of various industries. Flywheel energy storage system fulfills the same for many industrial sectors thus driving the growth of the Global flywheel energy storage system market positively. The clean energy storage system is a perfect alternative to the fossil fuel derived energy and is preferred owing to the factor that fossil fuel is expensive, and exhaustive. Thus, driving the market toward the anticipated growth.

The global flywheel energy storage system market is segmented by component, application, end user, and regional distribution. Based on applications the market is further fragmented into uninterrupted power supply, power quality, frequency regulation, voltage control, & others. Uninterrupted power supply (UPS) has asserted its dominance in the market and is projected to continue the dominance in the next five years too owing to the increasing demand for the clean and continued electricity supply in the all over industrial sectors. This is used to efficient working of all the electronic devices and equipment for a 24x7 time cycle even during power outage.

Based on the component the market is further categorized into rotor system, bearing system, and generator system. Rotor system dominates the segment of the market owing to the basic functionality of flywheel energy storage system. The rotor system performs the efficient flow of electricity by converting it from the stored kinetic energy in the system.

Some of the major players in the market are Active Power Inc., Amber Kinetics, Inc., Beacon Power, LLC, Calnetix Technologies, LLC, Piller Group GmbH, Powerthru, VYCON, Inc., Stornetic GmbH, Energiestro, Oxto Energy, among others. The competitors are continuously involved in research and development and various mergers and acquisitions for the advancement of their services as well as the growth of market.

Objective of the Study:

To analyze and forecast the market size of Global flywheel energy storage systems market from 2017 to 2020.
To estimate and forecast the market size of Global flywheel energy storage systems market from 2021 to 2027 and growth rate until 2027.
To classify and forecast Global flywheel energy storage systems market based on component, application, end user, and regional distribution.
To identify dominant region or segment in the Global flywheel energy storage systems market.
To identify drivers and challenges for Global flywheel energy storage systems market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global flywheel energy storage systems market.
To identify and analyze the profile of leading players operating in Global flywheel energy storage systems market.
To identify key sustainable strategies adopted by market players in Global flywheel energy storage systems market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of vendors, suppliers, and service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the vendors, service providers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of Global flywheel energy storage systems market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Flywheel energy storage systems vendors, end users, service providers and other stakeholders
Distributers and suppliers of flywheel energy storage systems’ products and services and other stakeholders
Organizations, forums, and alliances related to flywheel energy storage systems
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as vendors, distributors, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute	Details
Base Year	2021
Historical Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments covered	Component Application End User
Regional scope	North America; Europe; Asia Pacific; South America; Middle East & Africa
Country scope	United States, Mexico, Canada, China, India, Japan, South Korea, Australia, Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Iraq; Brazil, Argentina, Colombia;
Key companies profiled	Active Power Inc., Amber Kinetics, Inc., Beacon Power, LLC, Calnetix Technologies, LLC, Piller Group GmbH, Powerthru, VYCON, Inc., Stornetic GmbH, Energiestro, Oxto Energy.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Global flywheel energy storage systems market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, By Component:

Rotor System
Bearing System
Generator System

Market, By Application:

Uninterrupted power supply
Power quality
Frequency regulation
Voltage Control
Others

Market, By End User:

o Transportation

o Data Centres

o Aerospace

o Renewable Energy

o Defence

o Others

Market, By Region:

North America
APAC
Europe
MEA
South America

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global flywheel energy storage systems market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Flywheel Energy Storage Systems Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Flywheel Energy Storage System Market

4. Executive Summary

5. Voice of Customers

6. Global Flywheel Energy Storage System Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Component (Rotor System, Bearing System, Generator System)

6.2.2. By Application (Uninterrupted Power Supply, Power Quality, Frequency Regulation, Voltage Control, & Others)

6.2.3. By End User (Transportation, Data Centers, Aerospace, Renewable Energy, Defense, & Others)

6.2.4. By Region

6.2.5. By Company

6.3. Product Market Map

7. North America Flywheel Energy Storage System Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Component

7.2.2. By Application

7.2.3. By End User

7.2.4. By Country

7.3. North America: Country Analysis

7.3.1. United States Flywheel Energy Storage System Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Component

7.3.1.2.2. By Application

7.3.1.2.3. By End User

7.3.2. Canada Flywheel Energy Storage System Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Component

7.3.2.2.2. By Application

7.3.2.2.3. By End User

7.3.3. Mexico Flywheel Energy Storage System Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Component

7.3.3.2.2. By Application

7.3.3.2.3. By End User

8. Asia-Pacific Flywheel Energy Storage System Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Component

8.2.2. By Application

8.2.3. By End User

8.2.4. By Country

8.3. Asia-Pacific: Country Analysis

8.3.1. China Flywheel Energy Storage System Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Component

8.3.1.2.2. By Application

8.3.1.2.3. By End User

8.3.2. India Flywheel Energy Storage System Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Component

8.3.2.2.2. By Application

8.3.2.2.3. By End User

8.3.3. Japan Flywheel Energy Storage System Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Component

8.3.3.2.2. By Application

8.3.3.2.3. By End User

8.3.4. South Korea Flywheel Energy Storage System Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Component

8.3.4.2.2. By Application

8.3.4.2.3. By End User

8.3.5. Australia Flywheel Energy Storage System Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Component

8.3.5.2.2. By Application

8.3.5.2.3. By End User

9. Europe Flywheel Energy Storage System Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Component

9.2.2. By Application

9.2.3. By End User

9.2.4. By Country

9.3. Europe: Country Analysis

9.3.1. Germany Flywheel Energy Storage System Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Component

9.3.1.2.2. By Application

9.3.1.2.3. By End User

9.3.2. United Kingdom Flywheel Energy Storage System Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Component

9.3.2.2.2. By Application

9.3.2.2.3. By End User

9.3.3. France Flywheel Energy Storage System Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Component

9.3.3.2.2. By Application

9.3.3.2.3. By End User

9.3.4. Italy Flywheel Energy Storage System Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Component

9.3.4.2.2. By Application

9.3.4.2.3. By End User

9.3.5. Spain Flywheel Energy Storage System Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Component

9.3.5.2.2. By Application

9.3.5.2.3. By End User

10. South America Flywheel Energy Storage System Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Component

10.2.2. By Application

10.2.3. By End User

10.2.4. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Flywheel Energy Storage System Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Component

10.3.1.2.2. By Application

10.3.1.2.3. By End User

10.3.2. Argentina Flywheel Energy Storage System Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Component

10.3.2.2.2. By Application

10.3.2.2.3. By End User

10.3.3. Colombia Flywheel Energy Storage System Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Component

10.3.3.2.2. By Application

10.3.3.2.3. By End User

11. Middle East & Africa Flywheel Energy Storage System Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Component

11.2.2. By Application

11.2.3. By End User

11.2.4. By Country

11.3. South America: Country Analysis

11.3.1. Saudi Arabia Flywheel Energy Storage System Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Component

11.3.1.2.2. By Application

11.3.1.2.3. By End User

11.3.2. South Africa Flywheel Energy Storage System Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Component

11.3.2.2.2. By Application

11.3.2.2.3. By End User

11.3.3. UAE Flywheel Energy Storage System Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Component

11.3.3.2.2. By Application

11.3.3.2.3. By End User

11.3.4. Iraq Flywheel Energy Storage System Market Outlook

11.3.4.1. Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2. Market Share & Forecast

11.3.4.2.1. By Component

11.3.4.2.2. By Application

11.3.4.2.3. By End User

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. Competition Outlook

14.2. Company Profiles

14.2.1. Active Power Inc.

14.2.2. Amber Kinetics, Inc.

14.2.3. Beacon Power, LLC

14.2.4. Calnetix Technologies, LLC

14.2.5. Piller Group GmbH

14.2.6. Powerthru

14.2.7. VYCON, Inc.

14.2.8. Stornetic GmbH

14.2.9. Energiestro

14.2.10. Oxto Energy

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the factors driving the growth of global flywheel energy storage system market?

Rising demand for clean electricity and technological advancements are expected to drive the growth of Global flywheel energy storage system market during the forecast period.

What are the major segments in global flywheel energy storage system market?

The global flywheel energy storage system market is segmented by component, application, end user, and regional distribution.

Which segment is expected to hold the largest share in global flywheel energy storage system market during forecast period?

Based on application, uninterrupted power supply sector is expected to hold the largest share in global flywheel energy storage system market during the forecast period.

Who are the key players operating in global flywheel energy storage system market?

Some of the major players in the global flywheel energy storage system market are Active Power Inc., Amber Kinetics, Inc., Beacon Power, LLC, Calnetix Technologies, LLC, Piller Group GmbH, Powerthru, VYCON, Inc., Stornetic GmbH, Energiestro, Oxto Energy, among others.

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