The global flywheel energy storage systems market is expected to grow at a CAGR of 8.5% during the forecast period, from 2021 to 2030. The growth of this market can be attributed to the increasing demand for renewable energy sources and the need for efficient power management solutions. Flywheels are used in various applications such as transportation, UPS, wind turbines, and automobiles. The transportation segment is expected to dominate the global flywheel energy storage systems market during the forecast period due to its high adoption rate in electric vehicles (EVs). The North American region is expected to lead the global flywheel energy storage systems market during the forecast period due to its high adoption rates in EV and wind turbine applications. The Asia Pacific region is also expected to witness significant growth owing to its growing demand for EVs and wind turbines.
Some Of The Growth Factors Of This Market:
- The increasing demand for renewable energy sources is one of the major factors driving the growth of this market.
- Increasing investments in research and development activities by key players in this market are also driving the growth of this market.
- Increasing awareness about environmental issues and government regulations on carbon emissions are also driving the growth of this market.
- Increasing demand for electric vehicles is another factor that will drive the growth of this market.
Industry Growth Insights published a new data on “Flywheel Energy Storage Systems Market”. The research report is titled “Flywheel Energy Storage Systems Market research by Types (High-Speed Motor Generator, Active Magnetic Bearings, Control System), By Applications (Transportation, UPS, Wind Turbines, Automobile, Others), By Players/Companies Siemens, Active Power, PowerTHRU, Amber Kinetics, Beacon Power, Boeing Management, Calnetix Technologies, CCM, GKN Hybrid Power, Kinetic Traction”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Flywheel Energy Storage Systems Market Research Report
By Type
High-Speed Motor Generator, Active Magnetic Bearings, Control System
By Application
Transportation, UPS, Wind Turbines, Automobile, Others
By Companies
Siemens, Active Power, PowerTHRU, Amber Kinetics, Beacon Power, Boeing Management, Calnetix Technologies, CCM, GKN Hybrid Power, Kinetic Traction
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Flywheel Energy Storage Systems Market Report Segments:
The global Flywheel Energy Storage Systems market is segmented on the basis of:
Types
High-Speed Motor Generator, Active Magnetic Bearings, Control System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transportation, UPS, Wind Turbines, Automobile, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens
- Active Power
- PowerTHRU
- Amber Kinetics
- Beacon Power
- Boeing Management
- Calnetix Technologies
- CCM
- GKN Hybrid Power
- Kinetic Traction
Highlights of The Flywheel Energy Storage Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High-Speed Motor Generator
- Active Magnetic Bearings
- Control System
- By Application:
- Transportation
- UPS
- Wind Turbines
- Automobile
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flywheel Energy Storage Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Flywheel energy storage systems are a type of battery system that uses rotating masses to store energy. The flywheel is typically filled with heavy objects, such as lead or steel balls, and when electricity is needed the flywheel can quickly turn to release its stored energy. This system has several advantages over traditional batteries, including the ability to release power quickly and without having to wait for a charging period.
Some of the major companies in the flywheel energy storage systems market are Siemens, Active Power, PowerTHRU, Amber Kinetics, Beacon Power, Boeing Management, Calnetix Technologies, CCM, GKN Hybrid Power, Kinetic Traction.
The flywheel energy storage systems market is expected to grow at a compound annual growth rate of 8.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Flywheel Energy Storage Systems Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Flywheel Energy Storage Systems Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Flywheel Energy Storage Systems Market - Supply Chain
4.5. Global Flywheel Energy Storage Systems Market Forecast
4.5.1. Flywheel Energy Storage Systems Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Flywheel Energy Storage Systems Market Size (000 Units) and Y-o-Y Growth
4.5.3. Flywheel Energy Storage Systems Market Absolute $ Opportunity
5. Global Flywheel Energy Storage Systems Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Flywheel Energy Storage Systems Market Size and Volume Forecast by Type
5.3.1. High-Speed Motor Generator
5.3.2. Active Magnetic Bearings
5.3.3. Control System
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Flywheel Energy Storage Systems Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Flywheel Energy Storage Systems Market Size and Volume Forecast by Application
6.3.1. Transportation
6.3.2. UPS
6.3.3. Wind Turbines
6.3.4. Automobile
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Flywheel Energy Storage Systems Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Flywheel Energy Storage Systems Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Flywheel Energy Storage Systems Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Flywheel Energy Storage Systems Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Flywheel Energy Storage Systems Demand Share Forecast, 2019-2026
9. North America Flywheel Energy Storage Systems Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Flywheel Energy Storage Systems Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Flywheel Energy Storage Systems Market Size and Volume Forecast by Application
9.4.1. Transportation
9.4.2. UPS
9.4.3. Wind Turbines
9.4.4. Automobile
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Flywheel Energy Storage Systems Market Size and Volume Forecast by Type
9.7.1. High-Speed Motor Generator
9.7.2. Active Magnetic Bearings
9.7.3. Control System
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Flywheel Energy Storage Systems Demand Share Forecast, 2019-2026
10. Latin America Flywheel Energy Storage Systems Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Flywheel Energy Storage Systems Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Flywheel Energy Storage Systems Market Size and Volume Forecast by Application
10.4.1. Transportation
10.4.2. UPS
10.4.3. Wind Turbines
10.4.4. Automobile
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Flywheel Energy Storage Systems Market Size and Volume Forecast by Type
10.7.1. High-Speed Motor Generator
10.7.2. Active Magnetic Bearings
10.7.3. Control System
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Flywheel Energy Storage Systems Demand Share Forecast, 2019-2026
11. Europe Flywheel Energy Storage Systems Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Flywheel Energy Storage Systems Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Flywheel Energy Storage Systems Market Size and Volume Forecast by Application
11.4.1. Transportation
11.4.2. UPS
11.4.3. Wind Turbines
11.4.4. Automobile
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Flywheel Energy Storage Systems Market Size and Volume Forecast by Type
11.7.1. High-Speed Motor Generatr
11.7.2. Active Magnetic Bearings
11.7.3. Control System
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Flywheel Energy Storage Systems Demand Share, 2019-2026
12. Asia Pacific Flywheel Energy Storage Systems Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Flywheel Energy Storage Systems Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Flywheel Energy Storage Systems Market Size and Volume Forecast by Application
12.4.1. Transportation
12.4.2. UPS
12.4.3. Wind Turbines
12.4.4. Automobile
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Flywheel Energy Storage Systems Market Size and Volume Forecast by Type
12.7.1. High-Speed Motor Generator
12.7.2. Active Magnetic Bearings
12.7.3. Control System
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Flywheel Energy Storage Systems Demand Share, 2019-2026
13. Middle East & Africa Flywheel Energy Storage Systems Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Flywheel Energy Storage Systems Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Flywheel Energy Storage Systems Market Size and Volume Forecast by Application
13.4.1. Transportation
13.4.2. UPS
13.4.3. Wind Turbines
13.4.4. Automobile
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Flywheel Energy Storage Systems Market Size and Volume Forecast by Type
13.7.1. High-Speed Motor Generator
13.7.2. Active Magnetic Bearings
13.7.3. Control System
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Flywheel Energy Storage Systems Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Flywheel Energy Storage Systems Market: Market Share Analysis
14.2. Flywheel Energy Storage Systems Distributors and Customers
14.3. Flywheel Energy Storage Systems Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Siemens
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Active Power
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. PowerTHRU
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Amber Kinetics
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Beacon Power
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Boeing Management
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Calnetix Technologies
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CCM
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. GKN Hybrid Power
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kinetic Traction
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook