The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Flywheel Energy Storage (FES) Systems-Global Market Insights and Sales Trends 2024
Synopsis
Flywheel energy storage (FES) works by accelerating a rotor (flywheel) to a very high speed and maintaining the energy in the system as rotational energy. When energy is extracted from the system, the flywheel's rotational speed is reduced as a consequence of the principle of conservation of energy; adding energy to the system correspondingly results in an increase in the speed of the flywheel.
Most FES systems use electricity to accelerate and decelerate the flywheel, but devices that directly use mechanical energy are being developed.
The global Flywheel Energy Storage (FES) Systems market size is expected to reach US$ 197.4 million by 2029, growing at a CAGR of 3.6% from 2023 to 2029. The market is mainly driven by the significant applications of Flywheel Energy Storage (FES) Systems in various end use industries. The expanding demands from the Transportation, UPS, Wind Turbines and Automobile, are propelling Flywheel Energy Storage (FES) Systems market. Energy Storage Technology, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Composite Materials segment is estimated at % CAGR for the next seven-year period.
Due to the rapid development of the wind power and photovoltaic industry, as well as the increasing awareness of environmental protection in various countries, the energy storage industry is becoming one of the key technologies, which is used in many countries to advance the carbon neutral target process today. The United States, China and Japan occupied the leading position in the installed capacity of energy storage projects, among which the United States is the world's largest energy storage market. The European Union established the European Battery Alliance (EBA) in 2017, aiming to escape the EU's dependence on Asian manufacturers in the battery storage field. According to Data Europa’s statistics, the cumulative installed capacity has reached 48.38GW in 2020. At present, pumped storage accounts for 94% of the energy storage market in Europe, with Spain and Germany having the largest capacity. According to BNEF data, electrochemical energy storage in the United States added 3.97GW / 10.88 GWh in 2021. In terms of power, it accounted for 40% of the global increase. In 2022, the United States passed the IRA, which subsidized independent energy storage for the first time. Under the ITC, new energy storage projects could offset up to 62% of the investment. The effect of the policy has initially appeared, and the energy storage industry in the United States shows an upward trend.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Flywheel Energy Storage (FES) Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Flywheel Energy Storage (FES) Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Flywheel Energy Storage (FES) Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Flywheel Energy Storage (FES) Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Flywheel Energy Storage (FES) Systems covered in this report include Active Power, Siemens, PowerTHRU, Amber Kinetics, Beacon Power, Boeing Management, Calnetix Technologies, CCM and GKN Hybrid Power, etc.
The global Flywheel Energy Storage (FES) Systems market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Active Power
Siemens
PowerTHRU
Amber Kinetics
Beacon Power
Boeing Management
Calnetix Technologies
CCM
GKN Hybrid Power
Kinetic Traction
Global Flywheel Energy Storage (FES) Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Flywheel Energy Storage (FES) Systems market, Segment by Type:
Energy Storage Technology
Composite Materials
Rotor
Other
Global Flywheel Energy Storage (FES) Systems market, by Application
Transportation
UPS
Wind Turbines
Automobile
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Flywheel Energy Storage (FES) Systems companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Flywheel energy storage (FES) works by accelerating a rotor (flywheel) to a very high speed and maintaining the energy in the system as rotational energy. When energy is extracted from the system, the flywheel's rotational speed is reduced as a consequence of the principle of conservation of energy; adding energy to the system correspondingly results in an increase in the speed of the flywheel.
Most FES systems use electricity to accelerate and decelerate the flywheel, but devices that directly use mechanical energy are being developed.
The global Flywheel Energy Storage (FES) Systems market size is expected to reach US$ 197.4 million by 2029, growing at a CAGR of 3.6% from 2023 to 2029. The market is mainly driven by the significant applications of Flywheel Energy Storage (FES) Systems in various end use industries. The expanding demands from the Transportation, UPS, Wind Turbines and Automobile, are propelling Flywheel Energy Storage (FES) Systems market. Energy Storage Technology, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Composite Materials segment is estimated at % CAGR for the next seven-year period.
Due to the rapid development of the wind power and photovoltaic industry, as well as the increasing awareness of environmental protection in various countries, the energy storage industry is becoming one of the key technologies, which is used in many countries to advance the carbon neutral target process today. The United States, China and Japan occupied the leading position in the installed capacity of energy storage projects, among which the United States is the world's largest energy storage market. The European Union established the European Battery Alliance (EBA) in 2017, aiming to escape the EU's dependence on Asian manufacturers in the battery storage field. According to Data Europa’s statistics, the cumulative installed capacity has reached 48.38GW in 2020. At present, pumped storage accounts for 94% of the energy storage market in Europe, with Spain and Germany having the largest capacity. According to BNEF data, electrochemical energy storage in the United States added 3.97GW / 10.88 GWh in 2021. In terms of power, it accounted for 40% of the global increase. In 2022, the United States passed the IRA, which subsidized independent energy storage for the first time. Under the ITC, new energy storage projects could offset up to 62% of the investment. The effect of the policy has initially appeared, and the energy storage industry in the United States shows an upward trend.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Flywheel Energy Storage (FES) Systems, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Flywheel Energy Storage (FES) Systems market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Flywheel Energy Storage (FES) Systems market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Flywheel Energy Storage (FES) Systems sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Flywheel Energy Storage (FES) Systems covered in this report include Active Power, Siemens, PowerTHRU, Amber Kinetics, Beacon Power, Boeing Management, Calnetix Technologies, CCM and GKN Hybrid Power, etc.
The global Flywheel Energy Storage (FES) Systems market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Active Power
Siemens
PowerTHRU
Amber Kinetics
Beacon Power
Boeing Management
Calnetix Technologies
CCM
GKN Hybrid Power
Kinetic Traction
Global Flywheel Energy Storage (FES) Systems market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Flywheel Energy Storage (FES) Systems market, Segment by Type:
Energy Storage Technology
Composite Materials
Rotor
Other
Global Flywheel Energy Storage (FES) Systems market, by Application
Transportation
UPS
Wind Turbines
Automobile
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Flywheel Energy Storage (FES) Systems companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Flywheel Energy Storage (FES) Systems
1.1 Flywheel Energy Storage (FES) Systems Market Overview
1.1.1 Flywheel Energy Storage (FES) Systems Product Scope
1.1.2 Flywheel Energy Storage (FES) Systems Market Status and Outlook
1.2 Global Flywheel Energy Storage (FES) Systems Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Flywheel Energy Storage (FES) Systems Market Size by Region (2018-2029)
1.4 Global Flywheel Energy Storage (FES) Systems Historic Market Size by Region (2018-2023)
1.5 Global Flywheel Energy Storage (FES) Systems Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Flywheel Energy Storage (FES) Systems Market Size (2018-2029)
1.6.1 North America Flywheel Energy Storage (FES) Systems Market Size (2018-2029)
1.6.2 Europe Flywheel Energy Storage (FES) Systems Market Size (2018-2029)
1.6.3 Asia-Pacific Flywheel Energy Storage (FES) Systems Market Size (2018-2029)
1.6.4 Latin America Flywheel Energy Storage (FES) Systems Market Size (2018-2029)
1.6.5 Middle East & Africa Flywheel Energy Storage (FES) Systems Market Size (2018-2029)
2 Flywheel Energy Storage (FES) Systems Market by Type
2.1 Introduction
2.1.1 Energy Storage Technology
2.1.2 Composite Materials
2.1.3 Rotor
2.1.4 Other
2.2 Global Flywheel Energy Storage (FES) Systems Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Flywheel Energy Storage (FES) Systems Historic Market Size by Type (2018-2023)
2.2.2 Global Flywheel Energy Storage (FES) Systems Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Flywheel Energy Storage (FES) Systems Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Flywheel Energy Storage (FES) Systems Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Flywheel Energy Storage (FES) Systems Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Flywheel Energy Storage (FES) Systems Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Flywheel Energy Storage (FES) Systems Revenue Breakdown by Type (2018-2029)
3 Flywheel Energy Storage (FES) Systems Market Overview by Application
3.1 Introduction
3.1.1 Transportation
3.1.2 UPS
3.1.3 Wind Turbines
3.1.4 Automobile
3.1.5 Others
3.2 Global Flywheel Energy Storage (FES) Systems Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Flywheel Energy Storage (FES) Systems Historic Market Size by Application (2018-2023)
3.2.2 Global Flywheel Energy Storage (FES) Systems Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Flywheel Energy Storage (FES) Systems Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Flywheel Energy Storage (FES) Systems Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Flywheel Energy Storage (FES) Systems Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Flywheel Energy Storage (FES) Systems Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Flywheel Energy Storage (FES) Systems Revenue Breakdown by Application (2018-2029)
4 Flywheel Energy Storage (FES) Systems Competition Analysis by Players
4.1 Global Flywheel Energy Storage (FES) Systems Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Flywheel Energy Storage (FES) Systems as of 2022)
4.3 Date of Key Players Enter into Flywheel Energy Storage (FES) Systems Market
4.4 Global Top Players Flywheel Energy Storage (FES) Systems Headquarters and Area Served
4.5 Key Players Flywheel Energy Storage (FES) Systems Product Solution and Service
4.6 Competitive Status
4.6.1 Flywheel Energy Storage (FES) Systems Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Active Power
5.1.1 Active Power Profile
5.1.2 Active Power Main Business
5.1.3 Active Power Flywheel Energy Storage (FES) Systems Products, Services and Solutions
5.1.4 Active Power Flywheel Energy Storage (FES) Systems Revenue (US$ Million) & (2018-2023)
5.1.5 Active Power Recent Developments
5.2 Siemens
5.2.1 Siemens Profile
5.2.2 Siemens Main Business
5.2.3 Siemens Flywheel Energy Storage (FES) Systems Products, Services and Solutions
5.2.4 Siemens Flywheel Energy Storage (FES) Systems Revenue (US$ Million) & (2018-2023)
5.2.5 Siemens Recent Developments
5.3 PowerTHRU
5.3.1 PowerTHRU Profile
5.3.2 PowerTHRU Main Business
5.3.3 PowerTHRU Flywheel Energy Storage (FES) Systems Products, Services and Solutions
5.3.4 PowerTHRU Flywheel Energy Storage (FES) Systems Revenue (US$ Million) & (2018-2023)
5.3.5 Amber Kinetics Recent Developments
5.4 Amber Kinetics
5.4.1 Amber Kinetics Profile
5.4.2 Amber Kinetics Main Business
5.4.3 Amber Kinetics Flywheel Energy Storage (FES) Systems Products, Services and Solutions
5.4.4 Amber Kinetics Flywheel Energy Storage (FES) Systems Revenue (US$ Million) & (2018-2023)
5.4.5 Amber Kinetics Recent Developments
5.5 Beacon Power
5.5.1 Beacon Power Profile
5.5.2 Beacon Power Main Business
5.5.3 Beacon Power Flywheel Energy Storage (FES) Systems Products, Services and Solutions
5.5.4 Beacon Power Flywheel Energy Storage (FES) Systems Revenue (US$ Million) & (2018-2023)
5.5.5 Beacon Power Recent Developments
5.6 Boeing Management
5.6.1 Boeing Management Profile
5.6.2 Boeing Management Main Business
5.6.3 Boeing Management Flywheel Energy Storage (FES) Systems Products, Services and Solutions
5.6.4 Boeing Management Flywheel Energy Storage (FES) Systems Revenue (US$ Million) & (2018-2023)
5.6.5 Boeing Management Recent Developments
5.7 Calnetix Technologies
5.7.1 Calnetix Technologies Profile
5.7.2 Calnetix Technologies Main Business
5.7.3 Calnetix Technologies Flywheel Energy Storage (FES) Systems Products, Services and Solutions
5.7.4 Calnetix Technologies Flywheel Energy Storage (FES) Systems Revenue (US$ Million) & (2018-2023)
5.7.5 Calnetix Technologies Recent Developments
5.8 CCM
5.8.1 CCM Profile
5.8.2 CCM Main Business
5.8.3 CCM Flywheel Energy Storage (FES) Systems Products, Services and Solutions
5.8.4 CCM Flywheel Energy Storage (FES) Systems Revenue (US$ Million) & (2018-2023)
5.8.5 CCM Recent Developments
5.9 GKN Hybrid Power
5.9.1 GKN Hybrid Power Profile
5.9.2 GKN Hybrid Power Main Business
5.9.3 GKN Hybrid Power Flywheel Energy Storage (FES) Systems Products, Services and Solutions
5.9.4 GKN Hybrid Power Flywheel Energy Storage (FES) Systems Revenue (US$ Million) & (2018-2023)
5.9.5 GKN Hybrid Power Recent Developments
5.10 Kinetic Traction
5.10.1 Kinetic Traction Profile
5.10.2 Kinetic Traction Main Business
5.10.3 Kinetic Traction Flywheel Energy Storage (FES) Systems Products, Services and Solutions
5.10.4 Kinetic Traction Flywheel Energy Storage (FES) Systems Revenue (US$ Million) & (2018-2023)
5.10.5 Kinetic Traction Recent Developments
6 North America
6.1 North America Flywheel Energy Storage (FES) Systems Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Flywheel Energy Storage (FES) Systems Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Flywheel Energy Storage (FES) Systems Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Flywheel Energy Storage (FES) Systems Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Flywheel Energy Storage (FES) Systems Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Flywheel Energy Storage (FES) Systems Market Dynamics
11.1 Flywheel Energy Storage (FES) Systems Industry Trends
11.2 Flywheel Energy Storage (FES) Systems Market Drivers
11.3 Flywheel Energy Storage (FES) Systems Market Challenges
11.4 Flywheel Energy Storage (FES) Systems Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
Why ‘The Market Reports’
In Business:
Pre Sales Support:
Post Sales Support:
Turn Around Time:
Clients Served:
Clients Assisted:
Client Types:
Payment:
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest Energy & Power Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
