Brazil Flywheel Energy Storage System Market Size & Outlook
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Brazil flywheel energy storage system market highlights
- The Brazil flywheel energy storage system market generated a revenue of USD 247.5 thousand in 2023 and is expected to reach USD 437.2 thousand by 2030.
- The Brazil market is expected to grow at a CAGR of 8.5% from 2024 to 2030.
- In terms of segment, distributed energy generation was the largest revenue generating application in 2023.
- Distributed Energy Generation is the most lucrative application segment registering the fastest growth during the forecast period.
Flywheel energy storage system market data book summary
| Market revenue in 2023 | USD 247.5 thousand |
| Market revenue in 2030 | USD 437.2 thousand |
| Growth rate | 8.5% (CAGR from 2023 to 2030) |
| Largest segment | Distributed energy generation |
| Fastest growing segment | Distributed Energy Generation |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD thousand |
| Market segmentation | UPS, Distributed Energy Generation, Transport, Data Centers |
| Key market players worldwide | Longfor Group Holdings Ltd, Magic Software Enterprises Ltd, Phillips 66, TotalEnergies SE, Volcon Inc, Tianjin Port Development Holdings Ltd, Kinetic Development Group Ltd |
Other key industry trends
- In terms of revenue, Brazil accounted for 0.1% of the global flywheel energy storage system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil flywheel energy storage system market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 437.2 thousand by 2030.
Key Regions: U.S. , UK , Japan , Germany , South Korea
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Flywheel Energy Storage System Market Scope
Flywheel Energy Storage System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil flywheel energy storage system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flywheel energy storage system market will help companies and investors design strategic landscapes.
Distributed energy generation was the largest segment with a revenue share of 17.05% in 2023. Horizon Databook has segmented the Brazil flywheel energy storage system market based on ups, distributed energy generation, transport, data centers covering the revenue growth of each sub-segment from 2018 to 2030.
Energy storage has been utilized as an effective solution to solve problems due to power supply interruptions in Brazil. The country’s economy has dipped slightly since 2014, after seeing enormous growth between 2010 and 2014, which made it one of the fastest developing countries in the region.
Brazil’s flywheel energy storage market is projected to grow in accordance with the growth of UPS systems and data centers. The country’s upcoming industrial sector is trying to overcome the shortcomings arising due to interrupted power by using UPS systems, thus, which is resulting to drive the flywheel energy storage market in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil flywheel energy storage system market , including forecasts for subscribers. This country databook contains high-level insights into Brazil flywheel energy storage system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil flywheel energy storage system market size, by application, 2018-2030 (US$K)
Brazil Flywheel Energy Storage System Market Outlook Share, 2023 & 2030 (US$K)
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