Report overview
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 (FES) Systems, 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 (FES) Systems. This report contains market size and forecasts of Flywheel Energy Storage (FES) Systems in global, including the following market information:
Global Flywheel Energy Storage (FES) Systems Market Revenue, 2019-2024, 2024-2029, ($ millions)
Global top five companies in 2023 (%)
The global Flywheel Energy Storage (FES) Systems market was valued at US$ 157.7 million in 2023 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.
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.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Flywheel Energy Storage (FES) Systems 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 (FES) Systems Market, by Type, 2019-2024, 2024-2029 ($ millions)
Global Flywheel Energy Storage (FES) Systems Market Segment Percentages, by Type, 2023 (%)
Energy Storage Technology
Composite Materials
Rotor
Other
Global Flywheel Energy Storage (FES) Systems Market, by Application, 2019-2024, 2024-2029 ($ millions)
Global Flywheel Energy Storage (FES) Systems Market Segment Percentages, by Application, 2023 (%)
Transportation
UPS
Wind Turbines
Automobile
Others
Global Flywheel Energy Storage (FES) Systems Market, By Region and Country, 2019-2024, 2024-2029 ($ Millions)
Global Flywheel Energy Storage (FES) Systems Market Segment Percentages, By Region and Country, 2023 (%)
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 (FES) Systems revenues in global market, 2019-2024 (estimated), ($ millions)
Key companies Flywheel Energy Storage (FES) Systems revenues share in global market, 2023 (%)
Further, the report presents profiles of competitors in the market, key players include:
Active Power
Siemens
PowerTHRU
Amber Kinetics
Beacon Power
Boeing Management
Calnetix Technologies
CCM
GKN Hybrid Power
Kinetic Traction
Outline of Major Chapters:
Chapter 1: Introduces the definition of Flywheel Energy Storage (FES) Systems, market overview.
Chapter 2: Global Flywheel Energy Storage (FES) Systems market size in revenue.
Chapter 3: Detailed analysis of Flywheel Energy Storage (FES) Systems 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 (FES) Systems 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.
