Japan Flywheel Energy Storage System Market Size & Outlook
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Japan flywheel energy storage system market highlights
- The Japan flywheel energy storage system market generated a revenue of USD 1,865.3 thousand in 2023 and is expected to reach USD 3,476.6 thousand by 2030.
- The Japan market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
- In terms of segment, distributed energy generation was the largest revenue generating application in 2023.
- UPS 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 1,865.3 thousand |
| Market revenue in 2030 | USD 3,476.6 thousand |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Distributed energy generation |
| Fastest growing segment | UPS |
| 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, Japan accounted for 0.4% 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 Asia Pacific, Japan flywheel energy storage system market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,476.6 thousand by 2030.
Key Regions: U.S. , UK , Brazil , Germany , South Korea
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Flywheel Energy Storage System Market Scope
Flywheel Energy Storage System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Kinetic Development Group Ltd | View profile | 1871 | Dafanpu Coal Mine, Majiata Village, Xuejiawan Town Zhunge’er Banner, Ordos City Inner Mongolia, Ordos City, China, People's Republic of | https://www.kineticme.com |
| Volcon Inc | View profile | 36 | 3121 Eagles Nest Street, Suite 120, Round Rock, TX, United States, 78665 | https://www.volcon.com |
| Magic Software Enterprises Ltd | View profile | 3628 | Yahadut Canada 1 Street, Or Yehuda, Or Yehuda, Israel, 6037501 | https://www.magicsoftware.com |
| Longfor Group Holdings Ltd | View profile | 29116 | No. 8 Beiyuan Street, Building 6, Beijing Longfor Blue Engine Industrial Park, Beijing, China, People's Republic of, 100012 | https://www.longfor.com |
| Phillips 66 | View profile | 14000 | 2331 CityWest Boulevard, Houston, TX, United States, 77042 | https://www.phillips66.com |
| Tianjin Port Development Holdings Ltd | View profile | 5727 | Times Square, 1 Matheson Street, Suite 3904-3907, 39th Floor, Tower Two, Causeway Bay, Hong Kong, Hong Kong | http://www.tianjinportdev.com |
| TotalEnergies SE | View profile | 100000 | 2, Place Jean Millier, La Defense 6, Courbevoie, France, 92400 | https://www.totalenergies.com |
Japan 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 23.35% in 2023. Horizon Databook has segmented the Japan 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.
Japan is the technological hub of the Asia Pacific region. Major electronic players such as Panasonic Corporation and Hitachi, Ltd. are based in Japan. Also, major automobile manufacturers such as Honda, Nissan, and Toyota are headquartered in this country. The flywheel energy storage systems market in Japan is driven by growing demand from the transport and energy storage sectors.
The Japanese energy storage market received a tremendous boost in 2015 when the Japanese Ministry of Economy, Trade and Industry (METI) decided to allocate USD 700 million for the deployment of energy storage projects in the country. Advantages of flywheel energy storage systems such as low maintenance and longer life have resulted in growing popularity of flywheel systems.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan flywheel energy storage system market , including forecasts for subscribers. This country databook contains high-level insights into Japan flywheel energy storage system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan flywheel energy storage system market size, by application, 2018-2030 (US$K)
Japan Flywheel Energy Storage System Market Outlook Share, 2023 & 2030 (US$K)
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