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Flywheel Energy Storage Market Size, Share, and Analysis, By Application (Uninterrupted Power Supply, Distributed Energy Generation, Transport, Data Centers, and Others), By Rim Type (Solid Steel, Carbon Composite), By End-User (Healthcare, Transportation, Utilities and Renewables, Telecommunication, Data Centers, Industrial and Manufacturing, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

February 2024 | 431 pages | ID: F47C180A9D9BEN
Fatpos Global

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Flywheel Energy Storage Market Size, Share, and Analysis, By Application (Uninterrupted Power Supply, Distributed Energy Generation, Transport, Data Centers, and Others), By Rim Type (Solid Steel, Carbon Composite), By End-User (Healthcare, Transportation, Utilities and Renewables, Telecommunication, Data Centers, Industrial and Manufacturing, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Flywheel Energy Storage Market is anticipated t%li%exhibit a Compound Annual Growth Rate (CAGR) of 6.2% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 0.7 billion and is projected t%li%reach USD 1.3 billion by the completion of 2034.

Flywheel energy storage is a technique for harnessing kinetic energy and conserving it in a rotating flywheel for later use. The system works by transforming electrical energy int%li%rotational energy, storing it during the high-speed motion of flywheel, and then converting it back t%li%electricity as needed. The flywheel, which is normally made of durable materials, rotates at a very high speed within a controlled environment such as a vacuum, t%li%reduce the loss of energy due t%li%friction. Furthermore, during the production of surplus energy, the extra electricity is used t%li%speed up the rotation of flywheel with the help of a motor. The kinetic energy collected in the spinning flywheel is then transformed back int%li%electricity using a generator as demand rises or during the scarcity of renewable sources. Moreover, this technology provides rapid response times for storing and retrieving energy, which makes it useful for power grid stabilization and managing fluctuating renewable energy sources.

MARKET HIGHLIGHTS

Flywheel Energy Storage Market is anticipated t%li%reach USD 1.3 billion during the forecast period, owing t%li%an increasing emphasis on the inclusion of renewable energy and stability in the grid. The development of this industry has been driven by factors such as the rising use of sustainable energy sources and the need for reliable backup power options. Additionally, various sectors, including transportation, renewable energy, and utilities, have adopted flywheel energy storage systems due t%li%their rapid response time and their ability t%li%offer backup power during grid disturbances. Moreover, technological improvements have led t%li%the creation of efficient and cost-effective flywheel systems, which further stimulates their adoption. Governmental support for the deployment of renewable energy and initiatives which are aimed at modernizing grids have created a favourable environment for the growth of flywheel energy storage market. Therefore, it is expected that this development will continue and flywheel energy storage will address various industrial needs of energy storage, ensuring the growth trajectory of the market.

Flywheel Energy Storage Market Segments:
  • By Application
  • Uninterrupted Power Supply
  • Distributed Energy Generation
  • Transport
  • Data Centres
  • Others
  • By Rim Type
  • Solid Steel
  • Carbon Composite
  • By End-User
  • Healthcare
  • Transportation
  • Utilities and Renewables
  • Telecommunication
  • Data Centres
  • Industrial and Manufacturing
  • Others
MARKET DYNAMICS

Growth Drivers

Integrating Renewable Energy Will Create New Opportunities for Growth

Grid Stability and Resilience Will Open Up New Growth Prospects

Restraint

High Costs And Rising Competition May Constrain Market Growth

Key Players
  • Active Power
  • Beacon Power
  • Piller Power Systems
  • Amber Kinetics
  • Kinetic Traction Systems
  • PowerTHRU
  • Temporal Power
  • Vycon Energy
  • Calnetix Technologies
  • Amber Solutions
  • Rotonica
  • Power Tree
  • Pentadyne Power Corporation
  • Stornetic
  • Levant Power
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY

1.1. Regional Market Share
1.2.Business Trends
1.3. Flywheel Energy Storage Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
  2.5.1.Paid Sources
  2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1.Market Definition
3.2.Flywheel Energy Storage Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data

4.FLYWHEEL ENERGY STORAGE MARKET – INDUSTRY INSIGHTS

4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7. MARKET DYNAMICS

7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends

8.RISK ANALYSIS

9. MARKET ANALYSIS

9.1.Porters Five Forces
9.2. PEST Analysis
  9.2.1.Political
  9.2.2. Economic
  9.2.3. Social
  9.2.4. Technological

10.FLYWHEEL ENERGY STORAGE MARKET

10.1.Overview
10.2. Historical Analysis (2019-2022)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11. FLYWHEEL ENERGY STORAGE MARKET SIZE & FORECAST 2024A-2034F

11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
  11.3.1.By Application
    11.3.1.1. Uninterrupted Power Supply
      11.3.1.1.1.By Value (USD Million) 2024-2034F
      11.3.1.1.2. Market Share (%) 2024-2034F
      11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.2.Distributed Energy Generation
      11.3.1.2.1. By Value (USD Million) 2024-2034F
      11.3.1.2.2.Market Share (%) 2024-2034F
      11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.3.Transport
      11.3.1.3.1. By Value (USD Million) 2024-2034F
      11.3.1.3.2.Market Share (%) 2024-2034F
      11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.4.Data Centers
      11.3.1.4.1. By Value (USD Million) 2024-2034F
      11.3.1.4.2.Market Share (%) 2024-2034F
      11.3.1.4.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.5.Others
      11.3.1.5.1. By Value (USD Million) 2024-2034F
      11.3.1.5.2.Market Share (%) 2024-2034F
      11.3.1.5.3.Y-o-Y Growth (%) 2024-2034F
  11.3.2. By Rim Type
    11.3.2.1.Solid Style
      11.3.2.1.1. By Value (USD Million) 2024-2034F
      11.3.2.1.2.Market Share (%) 2024-2034F
      11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.2. Carbon Composite
      11.3.2.2.1.By Value (USD Million) 2024-2034F
      11.3.2.2.2. Market Share (%) 2024-2034F
      11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
  11.3.3.By End-User
    11.3.3.1.Healthcare
      11.3.3.1.1. By Value (USD Million) 2024-2034F
      11.3.3.1.2.Market Share (%) 2024-2034F
      11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.3.2. Transportation
      11.3.3.2.1.By Value (USD Million) 2024-2034F
      11.3.3.2.2. Market Share (%) 2024-2034F
      11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.3. Utilities and Renewables
      11.3.3.3.1.By Value (USD Million) 2024-2034F
      11.3.3.3.2. Market Share (%) 2024-2034F
      11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.4. Telecommunication
      11.3.3.4.1.By Value (USD Million) 2024-2034F
      11.3.3.4.2. Market Share (%) 2024-2034F
      11.3.3.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.5. Data Centers
      11.3.3.5.1.By Value (USD Million) 2024-2034F
      11.3.3.5.2. Market Share (%) 2024-2034F
      11.3.3.5.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.6. Industrial and Manufacturing
      11.3.3.6.1.By Value (USD Million) 2024-2034F
      11.3.3.6.2. Market Share (%) 2024-2034F
      11.3.3.6.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.7. Others
      11.3.3.7.1.By Value (USD Million) 2024-2034F
      11.3.3.7.2. Market Share (%) 2024-2034F
      11.3.3.7.3. Y-o-Y Growth (%) 2024-2034F

12.NORTH AMERICA FLYWHEEL ENERGY STORAGE MARKET SIZE & FORECAST 2024A-2034F

12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1.By Application
  12.3.2. By Rim Type
  12.3.3. By End-User
12.4. Country
  12.4.1. United States
  12.4.2. Canada

13.EUROPE FLYWHEEL ENERGY STORAGE MARKET SIZE & FORECAST 2024A-2034F

13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1.By Application
  13.3.2. By Rim Type
  13.3.3. By End-User
13.4.Country
  13.4.1.Germany
  13.4.2. United Kingdom
  13.4.3. France
  13.4.4. Italy
  13.4.5. Spain
  13.4.6. Russia
  13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14.ASIA-PACIFIC FLYWHEEL ENERGY STORAGE MARKET SIZE & FORECAST 2024A-2034F

14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
  14.3.1.By Application
  14.3.2. By Rim Type
  14.3.3. By End-User
14.4. Country
  14.4.1.India
  14.4.2. China
  14.4.3. South Korea
  14.4.4.Japan
  14.4.5.Rest of APAC

15.MIDDLE EAST AND AFRICA FLYWHEEL ENERGY STORAGE MARKET SIZE & FORECAST 2024A-2034F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1.By Application
  15.3.2. By Rim Type
  15.3.3. By End-User
15.4.Country
  15.4.1. Israel
  15.4.2. GCC
  15.4.3. North Africa
  15.4.4.South Africa
  15.4.5. Rest of Middle East and Africa

16. LATIN AMERICA FLYWHEEL ENERGY STORAGE MARKET SIZE & FORECAST 2024A-2034F

16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1.By Application
  16.3.2. By Rim Type
  16.3.3. By End-User
16.4.Country
  16.4.1. Mexico
  16.4.2. Brazil
  16.4.3. Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1. Active Power
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1.Product Portfolio
    18.1.4.2.Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2. Beacon Power
18.3. Temporal Power
18.4. Piller Power Systems
18.5. Amber Kinetics
18.6. Vycon Energy
18.7. Calnetix Technologies
18.8. PowerTHRU
18.9. Rotonica
18.10. Kinetic Traction Systems
18.11.Amber Solutions
18.12. Power Tree
18.13. Pentadyne Power Corporation
18.14. Stornetic
18.15. Levant Power
18.16. Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



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