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The global Flywheel Energy Storage market was valued at US$ 157.7 million in 2022 and is projected to reach US$ 199.9 million by 2029, at a CAGR of 3.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Flywheel energy storage (FES) works by accelerating a rotor (flywheel) to a very high speed and maintaining the energy in the system as rotational energy. When energy is extracted from the system, the flywheel's rotational speed is reduced as a consequence of the principle of conservation of energy; adding energy to the system correspondingly results in an increase in the speed of the flywheel.
Most FES systems use electricity to accelerate and decelerate the flywheel, but devices that directly use mechanical energy are being developed.
This report aims to provide a comprehensive presentation of the global market for Flywheel Energy Storage, 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 Flywheel Energy Storage. This report contains market size and forecasts of Flywheel Energy Storage in global, including the following market information:

• Global Flywheel Energy Storage Market Revenue, 2018-2023, 2024-2029, ($ millions)
• Global top five companies in 2022 (%)

The industry's leading producers are Piller, Calnetix Technologies and ABB, with revenue ratios of 45.61%, 16.73% and 5.93%, respectively, in 2019.
We surveyed the Flywheel Energy Storage companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Flywheel Energy Storage Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Flywheel Energy Storage Market Segment Percentages, by Type, 2022 (%)

• Based on Synchronous Motor Type
• Based on Reluctance Motor Type
• Based on Induction Motor Type

Global Flywheel Energy Storage Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Flywheel Energy Storage Market Segment Percentages, by Application, 2022 (%)

• Transportation
• UPS
• Distributed Power Generation
• Others

Global Flywheel Energy Storage Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Flywheel Energy Storage Market Segment Percentages, By Region and Country, 2022 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:
Key companies Flywheel Energy Storage revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Flywheel Energy Storage revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:

• EnSync Energy
• Beacon Power
• Siemens
• GKN Hybrid Power
• Active Power
• Calnetix Technologies
• Vycon Energy
• Temporal Power Ltd
• Pentadyne Power Corporation
• Kinetech Power Company
• Langley Holdings
• Amber Kinetics

Outline of Major Chapters:

• Chapter 1: Introduces the definition of Flywheel Energy Storage, market overview.
• Chapter 2: Global Flywheel Energy Storage market size in revenue.
• Chapter 3: Detailed analysis of Flywheel Energy Storage company competitive landscape, revenue and 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: Sales of Flywheel Energy Storage in regional level and country level. 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 of each country in the world.
• Chapter 7: 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 8: The main points and conclusions of the report.