Market Overview:
The global flywheel energy storage (FES) systems market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy storage solutions, owing to the growing need for grid stability and renewable integration. In addition, the increasing focus on electric vehicles is also contributing significantly to the growth of this market. The global flywheel energy storage (FES) systems market can be segmented on the basis of type, application and region. On the basis of type, FES systems can be classified into energy storage technology, composite materials and rotor. Energy storage technology dominates this market due to its high efficiency and reliability as compared with other technologies available in this space. Composite materials are used in FES systems owing to their superior properties such as light weighting and corrosion resistance which helps reduce system weight and improve performance respectively.
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Product Definition:
Flywheel energy storage systems store energy in the form of rotational kinetic energy. When power is needed, the flywheels are spun up and provide power to the grid or other load.
Energy Storage Technology:
Energy storage technology is the practice and procedure of preserving energy for later use. It includes various techniques that are used to store electrical energy, such as batteries, super capacitors, flywheels and fuel cells. The amount of electricity required by households varies with the time; during peak hours (8AM-3PM), when demand exceeds supply, electricity is generated from sources like natural gas power plants or renewable sources like solar power which fluctuates according to sun rays intensity.
Composite Materials:
Composite materials are a combination of two or more substances, which are joined or bound together at one point. The most common composite materials include wood, fiberglass, plastic composites and aramid fibers. These materials exhibit superior properties when compared to conventional material such as high strength and lightweight.
The global market for composite FES systems is expected to witness significant growth over the forecast period owing to increasing demand across end-use industries including transportation & infrastructure.
Application Insights:
The application segment includes transportation, UPS, wind turbines, automobile and others. The automotive sector is expected to witness significant growth over the forecast period owing to increasing demand for electric and hybrid vehicles in developed countries such as U.S., Germany, Japan and France. Flywheel energy storage systems are being deployed across utility scale solar plants due to the need for frequency regulation as well as ancillary services requirement that cannot be met through conventional power generation sources such as diesel generators or coal-fired power plants.
Flywheel energy storage systems have several advantages including no emissions during operation; no vibration; maintenance costs are lower since they do not require any scheduled replacement of parts like oil changes; there is a reduction in human errors when compared with other forms of energy storage due to its mechanical nature; it can absorb small variations in production with little impact on price while providing grid stability at times of peak demand without affecting prices or availability.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has been witnessing rapid urbanization, which has resulted in increased electricity demand. In addition, countries such as China and Japan are among the largest consumers of electric vehicles (EVs) across the globe. These factors are anticipated to drive regional growth over the forecast period.
Europe was estimated at USD X million in 2017 owing to high FES systems penetration across several countries including Germany, Spain, Italy and France among others.
Growth Factors:
- Increasing demand for energy storage systems due to the rise in renewable energy installations
- FES systems are becoming more cost-effective as technology improves and manufacturing processes become more efficient
- Governments are providing incentives for the installation of FES systems, which is helping to drive market growth
- The need for grid stability and frequency regulation services is increasing, providing opportunities for FES system providers
- Advances in electric vehicle technology are creating new applications for FES systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Flywheel Energy Storage (FES) Systems Market Research Report
By Type
Energy Storage Technology, Composite Materials, Rotor, Other
By Application
Transportation, UPS, Wind Turbines, Automobile, Others
By Companies
Active Power, Siemens, 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
177
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Flywheel Energy Storage (FES) Systems Market Report Segments:
The global Flywheel Energy Storage (FES) Systems market is segmented on the basis of:
Types
Energy Storage Technology, Composite Materials, Rotor, Other
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:
- Active Power
- Siemens
- PowerTHRU
- Amber Kinetics
- Beacon Power
- Boeing Management
- Calnetix Technologies
- CCM
- GKN Hybrid Power
- Kinetic Traction
 Systems Market Overview.svg)
Highlights of The Flywheel Energy Storage (FES) 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:
- Energy Storage Technology
- Composite Materials
- Rotor
- Other
- 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 (FES) 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.
How you may use our products:
- 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
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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 (FES) systems are a type of renewable energy storage technology that uses rotating flywheels to store energy. When the system is needed, the flywheels turn and release their stored energy to power an electric device.
Some of the major companies in the flywheel energy storage (fes) systems market are Active Power, Siemens, PowerTHRU, Amber Kinetics, Beacon Power, Boeing Management, Calnetix Technologies, CCM, GKN Hybrid Power, Kinetic Traction.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flywheel Energy Storage (FES) Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Flywheel Energy Storage (FES) Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Flywheel Energy Storage (FES) Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Flywheel Energy Storage (FES) Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Flywheel Energy Storage (FES) Systems Market Size & Forecast, 2020-2028
4.5.1 Flywheel Energy Storage (FES) Systems Market Size and Y-o-Y Growth
4.5.2 Flywheel Energy Storage (FES) Systems Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Energy Storage Technology
5.2.2 Composite Materials
5.2.3 Rotor
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Transportation
6.2.2 UPS
6.2.3 Wind Turbines
6.2.4 Automobile
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Flywheel Energy Storage (FES) Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Flywheel Energy Storage (FES) Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Energy Storage Technology
9.6.2 Composite Materials
9.6.3 Rotor
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Transportation
9.10.2 UPS
9.10.3 Wind Turbines
9.10.4 Automobile
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Energy Storage Technology
10.6.2 Composite Materials
10.6.3 Rotor
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Transportation
10.10.2 UPS
10.10.3 Wind Turbines
10.10.4 Automobile
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Energy Storage Technology
11.6.2 Composite Materials
11.6.3 Rotor
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Transportation
11.10.2 UPS
11.10.3 Wind Turbines
11.10.4 Automobile
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Energy Storage Technology
12.6.2 Composite Materials
12.6.3 Rotor
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Transportation
12.10.2 UPS
12.10.3 Wind Turbines
12.10.4 Automobile
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Energy Storage Technology
13.6.2 Composite Materials
13.6.3 Rotor
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Transportation
13.10.2 UPS
13.10.3 Wind Turbines
13.10.4 Automobile
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Flywheel Energy Storage (FES) Systems Market: Competitive Dashboard
14.2 Global Flywheel Energy Storage (FES) Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Active Power
14.3.2 Siemens
14.3.3 PowerTHRU
14.3.4 Amber Kinetics
14.3.5 Beacon Power
14.3.6 Boeing Management
14.3.7 Calnetix Technologies
14.3.8 CCM
14.3.9 GKN Hybrid Power
14.3.10 Kinetic Traction
