Flywheel Energy Storage System Market Size, Share & Trends Report

Flywheel Energy Storage System Market Size, Share & Trends Analysis Report By Application (UPS, Distributed Energy Generation, Transport, Data Centers), By Region, And Segment Forecasts, 2022 - 2030

  • Report ID: GVR-1-68038-266-2
  • Number of Pages: 73
  • Format: Electronic (PDF)

Market Segmentation

  • Flywheel Energy Storage System Application Outlook (Power Capacity, kW, Revenue, USD Million, 2019 - 2030)
    • UPS
    • Data Center
    • Distributed Energy Generation
    • Transport
    • Others
  • Flywheel Energy Storage System Regional Outlook (Power Capacity, kW; Revenue, USD Million, 2019 - 2030)
    • North America
      • North America Flywheel Energy Storage System Market, By Application
        • UPS
        • Data Center
        • Distributed Energy Generation
        • Transport
        • Others
      • U.S.
        • U.S. Flywheel Energy Storage System Market, By Application
          • UPS
          • Data Center
          • Distributed Energy Generation
          • Transport
          • Others
    • Europe
      • Europe Flywheel Energy Storage System Market, By Application
        • UPS
        • Data Center
        • Distributed Energy Generation
        • Transport
        • Others
      • U.K.
        • UK Flywheel Energy Storage System Market, By Application
          • UPS
          • Data Center
          • Distributed Energy Generation
          • Transport
      • Germany
        • Germany Flywheel Energy Storage System Market, By Application
          • UPS
          • Data Center
          • Distributed Energy Generation
          • Transport
          • Others
    • APAC
      • APAC Flywheel Energy Storage System Market, By Application
        • UPS
        • Data Center
        • Distributed Energy Generation
        • Transport
        • Others
      •  Japan
        • Japan Flywheel Energy Storage System Market, By Application
          • UPS
          • Data Center
          • Distributed Energy Generation
          • Transport
          • Others
      • South Korea
        • South Korea Flywheel Energy Storage System Market, By Application
          • UPS
          • Data Center
          • Distributed Energy Generation
          • Transport
          • Others
    • Central & South America (CSA)
      • CSA Flywheel Energy Storage System Market, By Application
        • UPS
        • Data Center
        • Distributed Energy Generation
        • Transport
        • Others
      • Brazil
        • Brazil Flywheel Energy Storage System Market, By Application
          • UPS
          • Data Center
          • Distributed Energy Generation
          • Transport
          • Others
    • MEA
      • MEA Flywheel Energy Storage System Market, By Application
        • UPS
        • Data Center
        • Distributed Energy Generation
        • Transport
        • Others

Flywheel Energy Storage System Market Dynamics

Driver: Rise In Energy Storage Market

The primary function of flywheel is energy storage. The market for energy storage is growing at an alarming rate, with measures being taken to lessen dependence on fossil fuels. Therefore, various countries are meeting their carbon targets and striking a balance between countries’ energy supply by optimizing demand and supply effectively. Rise in deployment of renewable energy in the last decade has been witnessed with rise in environmental concerns globally. Increase in rate of renewable energy such as solar and wind are resulting in intermittent nature of supply. Thus, this factor has resulted countries around the world to switch towards energy storage systems to maintain reliability of the grid and to ensure constant power supply in the grid. The growing energy storage market, in turn, is expected to have a positive impact on the growth of the flywheel energy storage systems market.

Driver: Growing Demand For Uninterruptible Power Supply (UPS)

Uninterruptible power supply is of utmost importance in commercial sectors. The losses incurred due to power failure are huge. In the U.S. alone, around USD 50 billion are annually lost due to power failures and related problems. Flywheel energy storage UPS systems have several advantages when compared to a battery-operated UPS system. Flywheel energy storage UPS systems do not degrade with use, are compact, and can last for up to 20 years. Flywheel based UPS systems are completely environmentally friendly as compared to fossil-fuel based UPS systems. Use of flywheel-based UPS systems can further aid the companies to limit their carbon footprint at a significant level. Thus, the growing demand for UPS systems coupled with environmentally friendly advantages of flywheel-based UPS systems as compared to conventional UPS systems is projected to drive the flywheel energy storage systems market in the forecast period.

Restraint: Growing Popularity of Battery Storage

Apart from flywheels, some of the other commonly used energy storage systems include sodium-sulfur (Na-S) batteries, lithium-ion batteries, and lead acid batteries. The use of non-aqueous electrolytes helps these batteries achieve high operating voltages as compared to other batteries. With new technologies and developments, manufacturers have brought the price down to affordable levels of lithium -ion batteries. The biggest hurdle faced by the flywheel energy storage system is overcoming the competition it faces from these battery storage systems. Furthermore, with rise in research & development efforts going on to bring down prices of batteries further, rise in utilization of battery storage in electric vehicles is expected. These developments are expected to hinder the growth of flywheel energy storage as prices of battery storage systems is expected to reduce further in the forecast period.

What Does This Report Include?

This section will provide insights into the contents included in this flywheel energy storage system market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Flywheel energy storage system market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Flywheel energy storage system market quantitative analysis

  • Market size, estimates, and forecast from 2019 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

What questions do you have? Get quick response from our industry experts. Request a Free Consultation
pdf

GET A FREE SAMPLE

bck

This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.

cog

NEED A CUSTOM REPORT?

We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.

esomar icon

ESOMAR certified & member

ISO

ISO Certified

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.

great place to work icon