Energy storage is becoming increasingly important, especially in energy-management schemes, because it provides the capability of using off-peak power, generated by highly efficient base-load units to supply peak-period demands. Peaking power is usually generated by those units on a utility system that are least efficient and more costly to operate.
This report aims to provide a comprehensive presentation of the global market for Mechanical 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 Mechanical Energy Storage. This report contains market size and forecasts of Mechanical Energy Storage in global, including the following market information:
- Global Mechanical Energy Storage Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Mechanical Energy Storage market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
So far, only pumped-hydro energy storage has been able to satisfy the high-capacity requirements of the electric utilities. But sites for such plants are becoming increasingly scarce or are being ruled out by environmental considerations, so other energy storage methods are being actively considered. In the field of mechanical energy storage, compressed air found a permanent place among other mechanical energy storage possibilities, such as flywheel for example, because it can be implemented on a large scale in the utility systems already today.
We surveyed the Mechanical 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 Mechanical Energy Storage Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Mechanical Energy Storage Market Segment Percentages, by Type, 2022 (%)
- Pumped Hydro Storage (PHS)
- Compressed Air Energy Storage (CAES)
- Others
Global Mechanical Energy Storage Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Mechanical Energy Storage Market Segment Percentages, by Application, 2022 (%)
- Industrial
- Commercial
- Residential
Global Mechanical Energy Storage Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Mechanical 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 Mechanical Energy Storage revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Mechanical Energy Storage revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Voith
- Sulzer
- DeWalt
- Ingersoll Rand
- Hitachi
- Porter-Cable
- Kirloskar Pneumatic
- Atlas Copco
- Active Power
- Beacon Power
- Powerthru
- Schwungrad Energie
- Outline of Major Chapters:
- Chapter 1: Introduces the definition of Mechanical Energy Storage, market overview.
- Chapter 2: Global Mechanical Energy Storage market size in revenue.
- Chapter 3: Detailed analysis of Mechanical 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 Mechanical 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.
