Flywheel Energy Storage (FES): Market Research Report

January 2015 | 132 pages | ID: F2C0A974B0CEN
Global Industry Analysts, Inc

Abstracts

This report analyzes the Global market for Flywheel Energy Storage (FES) in US$ Thousand by the following Applications Utility Scale, UPS, Transportation, and Others. Annual estimates and forecasts are provided for the period 2013 through 2020. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 43 companies including many key and niche players such as -

• Active Power Inc.
• AFS Trinity Power
• Alstom Transport
• Amber Kinetics, Inc.
• Beacon Power, LLC

Contents

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations
Disclaimers
Data Interpretation & Reporting Level
Quantitative Techniques & Analytics
Product Definitions and Scope of Study

II. A GLOBAL MARKET REPORT

1. INDUSTRY OVERVIEW

Flywheel Energy Storage (FES): Low Cost and Low Maintenance Energy Storage with High Power Density
Despite Myriad Benefits, Few Concerns Continue to Hamper Widespread Adoption
Cost Benefits
Low Maintenance Costs
Compatibility with Smart Grids

Table 1. Flywheel Energy Storage Compared with Other Energy Storage Technologies

Global Market Outlook
Expanding Application Base Benefit Market Expansion
Competitive Landscape
List of Leading Flywheel Manufacturers Worldwide and Addressable Market/Application Segment
Leading Flywheel Energy Storage System Manufacturers: Snapshot Profiles
Beacon Power Corporation
Vycon Energy
Piller
Active Power

2. MARKET TRENDS & DRIVERS

Flywheel Energy Storage Driven by the Steady Evolution of the Smart Grid Standard

Table 2. Global Spend on Smart Grid Technologies by Region (2014, 2017 & 2020): Cumulative Spending (in US$ Billion) for Asia-Pacific (incl. China), Europe, Latin America, and North America (includes corresponding Graph/Chart)

Composite Materials in Flywheels: A Major Advancement Spearheading Growth
Flywheel Safety Test: Essential for Testing Failure Mechanisms of Composite Flywheels
Increasing Consumer Awareness Drive Demand for Flywheel UPS
Increasing Focus on Renewable Energy Sources: Opportunities Galore for FES

Table 3. Targets for Electricity Production from Renewable Energy Sources Worldwide by Country

Table 4. Percentage of Renewable Sources in Electricity Production Worldwide by Country (includes corresponding Graph/Chart)

Table 5. Global Investments (US$ Billion) in Renewable Energy by Source: 2013 (includes corresponding Graph/Chart)

Growing Prominence of Solar Power Bodes Well for FES Systems Adoption

Table 6. Global Solar PV Installations by Region (2013): Percentage Share Breakdown of Volume Installations for Americas, Asia (Excluding China), China, Europe, and Rest of World (includes corresponding Graph/Chart)

Table 7. International Targets for Solar Photovoltaics for Select Countries

Expanding Wind Power Generation Worldwide Offers Significant Growth Opportunities
Leading Wind Power Countries Worldwide (2013): Ranking Based on Key Wind Power Facts
Surging Microgrid Capacity Augurs Well for Market Expansion
Increasing Penetration of Electric Cars to Promote FES Market Growth

Table 8. World Market for Electric Vehicles (2013): Percentage Breakdown of Unit Sales by Product Type (includes corresponding Graph/Chart)

Favorable Trends in Energy Production and Consumption Strengthens Market Prospects

Table 9. Global Electricity Consumption in TWh for Years 2000, 2015 & 2030 (includes corresponding Graph/Chart)

Table 10. Global Electricity Production by Country (2013): Percentage Breakdown of Electricity Production Volume for China, United States, India, Russia, Japan, Canada, Germany, Brazil, France, South Korea, and Others (includes corresponding Graph/Chart)

Table 11. Global Electricity Consumption by Country (2013): Percentage Breakdown of Electricity Consumption Volume for China, United States, Japan, Russia, India, Germany, Canada, Brazil, South Korea, France, and Others (includes corresponding Graph/Chart)

Table 12. Projected Global Demand for Primary Energy (Mtoe) and Electricity (MWh): 2015, 2020, 2025, 2030 & 2035 (includes corresponding Graph/Chart)

Table 13. Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030 (includes corresponding Graph/Chart)

The United States: A Leading Flywheel Energy Storage Market Worldwide

Table 14. US Recent Past, Current & Future Analysis for Flywheel Energy Storage Analyzed with Annual Utility Scale Installed Capacity in Megawatts for Years 2013 through 2020 (includes corresponding Graph/Chart)

Renewable Energy and Energy Storage to Help Offset Escalating Electricity Cost

Table 15. The US Grid Energy Storage Market by Technology (2014): Percentage Share Breakdown of Capacity Installations for Pumped Hydro Storage and Other Technologies (includes corresponding Graph/Chart)

Table 16. The US Grid Energy Storage Market by Technology Other than Pumped Storage (2014): Percentage Share Breakdown of Capacity Installations for CAES, Flywheels, Ice Thermal Storage, Li-ion, NaS Batteries, Ni-Cad Batteries and Others (includes corresponding Graph/Chart)

3. ENERGY STORAGE SOLUTIONS: A MACRO PERSPECTIVE

Energy Storage: Vital for the Expansion of Renewable Energy Sources
Major Growth Driving Factors for Energy Storage
Energy Storage Technologies: Classification
Pumped Hydro Storage: Largest Available Energy Storage Capacity for Grid Applications

Table 17. Global Energy Storage Market by Technology (2014): Percentage Share Breakdown of Installed Capacity for Traditional Pumped Storage and Other Technologies (includes corresponding Graph/Chart)

Table 18. Global Energy Storage Market by Technology Other than Pumped Storage (2014): Percentage Share Breakdown of Installed Capacity for Capacitor, Compressed Air, Flow Battery, Flywheel, Gravitational Storage, Lead Acid Battery, Li-ion, Molten Salt Energy and Others (includes corresponding Graph/Chart)

Table 19. Leading Energy Storage Technology Vendors Worldwide (2013): Percentage Market Share Breakdown Based on Capacity for Allis Chalmers, Alstom, CKD Blankso, Gridflex, Harbin, Hydrodynamics Group, Riverbank Power, Sichuan Dongfeng Electric, Voith and Others (includes corresponding Graph/Chart)

Table 20. Energy Storage Technologies: Key Features Comparison for PHS, CAES, Flywheel, NaS Battery, Li-ion Battery, Flow Battery, Supercapacitor, SMES, Molten Salt, Hydrogen, and SNG Technology

Various Energy Storage Technologies: Key Advantages & Disadvantages
Key Energy Storage Technologies & Applications for Electrical, Chemical, Electrochemical, Mechanical and Thermal Energy
Investment in Energy Storage Projects Witness Steady Growth Worldwide

Table 21. Number of Energy Storage Projects by Country: 2014 (includes corresponding Graph/Chart)

Government Intervention Critical to Widespread Adoption of Energy Storage Technologies
Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries
New Projects & Government Mandates
Incentives & Standards: Key to Promoting Energy Storage Technologies
Microgrids to Drive Energy Storage Market in the Future

Table 22. A Glance at Largest Power Blackouts/ Outages Worldwide

Nanotechnology: The Future of Energy Storage?
Nanotubular Bulk Material with Ultra-Low Density for Energy Storage Applications
Research on for High Durability and Advanced Chemical Compositions
Characteristics of Select Battery Technology Types

4. PRODUCT OVERVIEW

A Prelude
Flywheels: Benefits and Challenges
Operation of Flywheels
Types of Flywheel Energy Storage
Evolution of Flywheels
Ancient Flywheels
Flywheels Developed during Industrial Revolution
Modern Flywheels
Physical Features of Flywheel Energy Storage (FES)
General Features
Geometry
Energy Density
Composite Rotors
Properties of Materials
Energy Storage Efficiency of Flywheels
Components of Flywheel Systems
Flywheel Rotor
Bearings
Motor Generator
Power Electronics
Controls and Instrumentation
Housing
Flywheels and Batteries: A Comparison
Flywheel Energy Storage: Key Applications
UPS Systems
Grid Energy Storage
Road Transportation
Railway Locomotives
Railway Electrification
Scientific Labs
Aircraft Launching Systems
G2 Flywheel of NASA
Other Applications
Amusement Parks
Pulse Power
Motor Sports
Toys
Toggle Action Presses

5. RECENT INDUSTRY ACTIVITY

Hybrid flywheel system service facility Established in Europe
Beacon Inks Agreement with Chugach Electric for Installing an Hybrid Battery and Flywheel Energy Storage Project in the State of Alaska
Quantum Creates Alternative Flywheel System Design for Camp Pendleton Microgrid
GKN to Acquire Flywheel Energy Storage Business from Williams Hybrid Power
Beacons’ Hazle Township’s Flywheel Energy Storage Systems Manufacturing Plant Commences Full Commercial Operations
Beacon Signs Agreement with ERICA Campus of Hanyang University for Transfer of Korean Core Energy Storage Technology
Vycon to Supply Flywheel Energy Storage Systems to The Benito Juarez International Airport in Mexico
Beacon Partners with TDX to Demonstrate a Flywheel Energy Storage System for Wind Power
Beacon Installs Flywheel Energy Storage Systems at Plant in Pennsylvania
Vycon Flywheel Systems Extends Partnership with EasyStreet Online Services

6. FOCUS ON SELECT GLOBAL PLAYERS

Active Power Inc. (US)
AFS Trinity Power (US)
Alstom Transport (France)
Amber Kinetics, Inc. (US)
Beacon Power, LLC (US)
Calnetix Technologies, LLC (US)
Centre for Concepts in Mechatronics B. V. (CCM) (The Netherlands)
GKN Hybrid Power (UK)
Kinetic Traction Systems, Inc. (US)
Piller Group GmbH (Germany)
POWERTHRU (US)
STORNETIC GmbH (Germany)
Temporal Power Ltd. (Canada)

7. GLOBAL MARKET PERSPECTIVE

A. Volume Analytics

Table 23. World Recent Past, Current & Future Analysis for Flywheel Energy Storage by Geographic Region - The US and Rest of World Markets Independently Analyzed with Annual Utility-Scale Installed Capacity in Megawatts for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 24. World 8-Year Perspective for Flywheel Energy Storage by Geographic Region/Country - Percentage Breakdown of Annual Utility-Scale Installed Capacity for The US and Rest of World Markets for Years 2013, 2015 & 2020 (includes corresponding Graph/Chart)

B. Value Analytics

Table 25. World Recent Past, Current & Future Analysis for Flywheel Energy Storage by Application - Utility-Scale, UPS, Transportation and Others Markets Independently Analyzed with Annual Spending on Technology in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 26. World 8-Year Perspective for Flywheel Energy Storage by Application - Percentage Breakdown of Dollar Spending for Utility-Scale, UPS, Transportation and Others Markets for Years 2013, 2015 & 2020 (includes corresponding Graph/Chart)

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 43 (including Divisions/Subsidiaries - 44)
The United States (21)
Canada (1)
Japan (1)
Europe (20)
  France (3)
  Germany (4)
  The United Kingdom (6)
  Italy (1)
  Spain (1)
  Rest of Europe (5)
Middle East (1)