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Flywheel Energy Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

June 2022 | 140 pages | ID: F8A0D192E42FEN
IMARC Group

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The global flywheel energy storage market reached a value of US$ 273 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 435.3 Million by 2027, exhibiting a CAGR of 8.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Flywheel energy storage is the process of storing energy by accelerating rotors at high speed while maintaining it in the system as rotational energy. This process draws power from the system, on command, by tapping into the spinning rotor, which functions as a generator. It consists of a mechanical battery with a mass that rotates around an axis. Flywheel energy storage technology is emerging as a preferable alternative to conventional lead-acid batteries. It operates in a high vacuum environment and uses electrical motors to transform electrical power into mechanical power. The flywheel system is utilized in power grid frequency modulation as it offers low friction, moderate wind-resistance, a long life span, environmental safety, and requires no maintenance.

Flywheel Energy Storage Market Trends:
The global flywheel energy storage market is primarily driven by its application across different industries such as automotive, transmission and distribution and information technology (IT). They are used in transportation and space applications for transferring energy and stabilizing or driving satellites. Besides this, the increasing need for uninterrupted and clean electricity supply in various end use sectors is fueling the energy storage industry. In line with this, governments across the world are taking initiatives to facilitate the generation of clean power, which is positively influencing the market growth. Besides this, flywheel energy storage is also used for grid balancing, renewable integration, and providing power supply to islands and isolated grids. Furthermore, research and development (R&D) activities and innovations, such as the use of electrical machines, magnetic bearings, and high-strength composite materials obtained from carbon fibers in flywheel energy storage systems, are bolstering the demand for the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global flywheel energy storage market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on application.

Breakup by Application:

Uninterruptible Power Supply (UPS)
Distributed Energy Generation
Transport
Data Centers
Others

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd, Adaptive Balancing Power GmbH, Amber Kinetics Inc., Beacon Power LLC, Calnetix Technologies LLC, Energiestro, Langley Holdings plc, Oxto Energy, Phillips Service Industries Inc., Schwungrad Energie Limited, Siemens Aktiengesellschaft, Stornetic GmbH and Teraloop Oy.

Key Questions Answered in This Report:
How has the global flywheel energy storage market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global flywheel energy storage market?
What are the key regional markets?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global flywheel energy storage market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL FLYWHEEL ENERGY STORAGE MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY APPLICATION

6.1 Uninterruptible Power Supply (UPS)
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Distributed Energy Generation
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Transport
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Data Centers
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Others
  6.5.1 Market Trends
  6.5.2 Market Forecast

7 MARKET BREAKUP BY REGION

7.1 North America
  7.1.1 United States
    7.1.1.1 Market Trends
    7.1.1.2 Market Forecast
  7.1.2 Canada
    7.1.2.1 Market Trends
    7.1.2.2 Market Forecast
7.2 Asia-Pacific
  7.2.1 China
    7.2.1.1 Market Trends
    7.2.1.2 Market Forecast
  7.2.2 Japan
    7.2.2.1 Market Trends
    7.2.2.2 Market Forecast
  7.2.3 India
    7.2.3.1 Market Trends
    7.2.3.2 Market Forecast
  7.2.4 South Korea
    7.2.4.1 Market Trends
    7.2.4.2 Market Forecast
  7.2.5 Australia
    7.2.5.1 Market Trends
    7.2.5.2 Market Forecast
  7.2.6 Indonesia
    7.2.6.1 Market Trends
    7.2.6.2 Market Forecast
  7.2.7 Others
    7.2.7.1 Market Trends
    7.2.7.2 Market Forecast
7.3 Europe
  7.3.1 Germany
    7.3.1.1 Market Trends
    7.3.1.2 Market Forecast
  7.3.2 France
    7.3.2.1 Market Trends
    7.3.2.2 Market Forecast
  7.3.3 United Kingdom
    7.3.3.1 Market Trends
    7.3.3.2 Market Forecast
  7.3.4 Italy
    7.3.4.1 Market Trends
    7.3.4.2 Market Forecast
  7.3.5 Spain
    7.3.5.1 Market Trends
    7.3.5.2 Market Forecast
  7.3.6 Russia
    7.3.6.1 Market Trends
    7.3.6.2 Market Forecast
  7.3.7 Others
    7.3.7.1 Market Trends
    7.3.7.2 Market Forecast
7.4 Latin America
  7.4.1 Brazil
    7.4.1.1 Market Trends
    7.4.1.2 Market Forecast
  7.4.2 Mexico
    7.4.2.1 Market Trends
    7.4.2.2 Market Forecast
  7.4.3 Others
    7.4.3.1 Market Trends
    7.4.3.2 Market Forecast
7.5 Middle East and Africa
  7.5.1 Market Trends
  7.5.2 Market Breakup by Country
  7.5.3 Market Forecast

8 SWOT ANALYSIS

8.1 Overview
8.2 Strengths
8.3 Weaknesses
8.4 Opportunities
8.5 Threats

9 VALUE CHAIN ANALYSIS

10 PORTERS FIVE FORCES ANALYSIS

10.1 Overview
10.2 Bargaining Power of Buyers
10.3 Bargaining Power of Suppliers
10.4 Degree of Competition
10.5 Threat of New Entrants
10.6 Threat of Substitutes

11 PRICE ANALYSIS

12 COMPETITIVE LANDSCAPE

12.1 Market Structure
12.2 Key Players
12.3 Profiles of Key Players
  12.3.1 ABB Ltd
    12.3.1.1 Company Overview
    12.3.1.2 Product Portfolio
    12.3.1.3 Financials
    12.3.1.4 SWOT Analysis
  12.3.2 Adaptive Balancing Power GmbH
    12.3.2.1 Company Overview
    12.3.2.2 Product Portfolio
    12.3.2.3 Financials
  12.3.3 Amber Kinetics Inc.
    12.3.3.1 Company Overview
    12.3.3.2 Product Portfolio
  12.3.4 Beacon Power LLC
    12.3.4.1 Company Overview
    12.3.4.2 Product Portfolio
  12.3.5 Calnetix Technologies LLC
    12.3.5.1 Company Overview
    12.3.5.2 Product Portfolio
  12.3.6 Energiestro
    12.3.6.1 Company Overview
    12.3.6.2 Product Portfolio
  12.3.7 Langley Holdings plc
    12.3.7.1 Company Overview
    12.3.7.2 Product Portfolio
    12.3.7.3 Financials
  12.3.8 Oxto Energy
    12.3.8.1 Company Overview
    12.3.8.2 Product Portfolio
  12.3.9 Phillips Service Industries Inc.
    12.3.9.1 Company Overview
    12.3.9.2 Product Portfolio
  12.3.10 Schwungrad Energie Limited
    12.3.10.1 Company Overview
    12.3.10.2 Product Portfolio
  12.3.11 Siemens Aktiengesellschaft
    12.3.11.1 Company Overview
    12.3.11.2 Product Portfolio
    12.3.11.3 Financials
    12.3.11.4 SWOT Analysis
  12.3.12 Stornetic GmbH
    12.3.12.1 Company Overview
    12.3.12.2 Product Portfolio
  12.3.13 Teraloop Oy
    12.3.13.1 Company Overview
    12.3.13.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Flywheel Energy Storage Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Flywheel Energy Storage Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 3: Global: Flywheel Energy Storage Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 4: Global: Flywheel Energy Storage Market: Competitive Structure
Table 5: Global: Flywheel Energy Storage Market: Key Players

LIST OF FIGURES

Figure 1: Global: Flywheel Energy Storage Market: Major Drivers and Challenges
Figure 2: Global: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Flywheel Energy Storage Market: Breakup by Application (in %), 2021
Figure 5: Global: Flywheel Energy Storage Market: Breakup by Region (in %), 2021
Figure 6: Global: Flywheel Energy Storage (Uninterruptible Power Supply) Market: Sales Value (in Million US$), 2016 & 2021
Figure 7: Global: Flywheel Energy Storage (Uninterruptible Power Supply) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 8: Global: Flywheel Energy Storage (Distributed Energy Generation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Flywheel Energy Storage (Distributed Energy Generation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Flywheel Energy Storage (Transport) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Flywheel Energy Storage (Transport) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Flywheel Energy Storage (Data Centers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Flywheel Energy Storage (Data Centers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Flywheel Energy Storage (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Flywheel Energy Storage (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: North America: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: North America: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: United States: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: United States: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Canada: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Canada: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Asia-Pacific: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Asia-Pacific: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: China: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: China: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Japan: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Japan: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: India: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: India: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: South Korea: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: South Korea: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Australia: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Australia: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Indonesia: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Indonesia: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Others: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Others: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Europe: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Europe: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Germany: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Germany: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: France: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: France: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: United Kingdom: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: United Kingdom: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Italy: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Italy: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Spain: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Spain: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Russia: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Russia: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Latin America: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Latin America: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Brazil: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Brazil: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Mexico: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Mexico: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Middle East and Africa: Flywheel Energy Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Middle East and Africa: Flywheel Energy Storage Market: Breakup by Country (in %), 2021
Figure 64: Middle East and Africa: Flywheel Energy Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Global: Flywheel Energy Storage Industry: SWOT Analysis
Figure 66: Global: Flywheel Energy Storage Industry: Value Chain Analysis
Figure 67: Global: Flywheel Energy Storage Industry: Porter's Five Forces Analysis


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