The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Global Flywheel Energy Storage (FES) Systems Market Research Report 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 was valued at US$ 153.3 million in 2023 and is anticipated to reach US$ 197.4 million by 2030, witnessing a CAGR of 3.6% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Flywheel Energy Storage (FES) Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Flywheel Energy Storage (FES) Systems.
Report Scope
The Flywheel Energy Storage (FES) Systems market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Flywheel Energy Storage (FES) Systems market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Flywheel Energy Storage (FES) Systems companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Active Power
Siemens
PowerTHRU
Amber Kinetics
Beacon Power
Boeing Management
Calnetix Technologies
CCM
GKN Hybrid Power
Kinetic Traction
Segment by Type
Energy Storage Technology
Composite Materials
Rotor
Other
Segment by Application
Transportation
UPS
Wind Turbines
Automobile
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. 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 2: Introduces executive summary of global market size, regional market size, 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 3: Detailed analysis of Flywheel Energy Storage (FES) Systems companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
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 was valued at US$ 153.3 million in 2023 and is anticipated to reach US$ 197.4 million by 2030, witnessing a CAGR of 3.6% during the forecast period 2024-2030.
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.
This report aims to provide a comprehensive presentation of the global market for Flywheel Energy Storage (FES) Systems, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Flywheel Energy Storage (FES) Systems.
Report Scope
The Flywheel Energy Storage (FES) Systems market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Flywheel Energy Storage (FES) Systems market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Flywheel Energy Storage (FES) Systems companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Active Power
Siemens
PowerTHRU
Amber Kinetics
Beacon Power
Boeing Management
Calnetix Technologies
CCM
GKN Hybrid Power
Kinetic Traction
Segment by Type
Energy Storage Technology
Composite Materials
Rotor
Other
Segment by Application
Transportation
UPS
Wind Turbines
Automobile
Others
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. 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 2: Introduces executive summary of global market size, regional market size, 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 3: Detailed analysis of Flywheel Energy Storage (FES) Systems companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Flywheel Energy Storage (FES) Systems Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Energy Storage Technology
1.2.3 Composite Materials
1.2.4 Rotor
1.2.5 Other
1.3 Market by Application
1.3.1 Global Flywheel Energy Storage (FES) Systems Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Transportation
1.3.3 UPS
1.3.4 Wind Turbines
1.3.5 Automobile
1.3.6 Others
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Flywheel Energy Storage (FES) Systems Market Perspective (2019-2030)
2.2 Flywheel Energy Storage (FES) Systems Growth Trends by Region
2.2.1 Global Flywheel Energy Storage (FES) Systems Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Flywheel Energy Storage (FES) Systems Historic Market Size by Region (2019-2024)
2.2.3 Flywheel Energy Storage (FES) Systems Forecasted Market Size by Region (2025-2030)
2.3 Flywheel Energy Storage (FES) Systems Market Dynamics
2.3.1 Flywheel Energy Storage (FES) Systems Industry Trends
2.3.2 Flywheel Energy Storage (FES) Systems Market Drivers
2.3.3 Flywheel Energy Storage (FES) Systems Market Challenges
2.3.4 Flywheel Energy Storage (FES) Systems Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Flywheel Energy Storage (FES) Systems Players by Revenue
3.1.1 Global Top Flywheel Energy Storage (FES) Systems Players by Revenue (2019-2024)
3.1.2 Global Flywheel Energy Storage (FES) Systems Revenue Market Share by Players (2019-2024)
3.2 Global Flywheel Energy Storage (FES) Systems Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Flywheel Energy Storage (FES) Systems Revenue
3.4 Global Flywheel Energy Storage (FES) Systems Market Concentration Ratio
3.4.1 Global Flywheel Energy Storage (FES) Systems Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Flywheel Energy Storage (FES) Systems Revenue in 2023
3.5 Flywheel Energy Storage (FES) Systems Key Players Head office and Area Served
3.6 Key Players Flywheel Energy Storage (FES) Systems Product Solution and Service
3.7 Date of Enter into Flywheel Energy Storage (FES) Systems Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Flywheel Energy Storage (FES) Systems Breakdown Data by Type
4.1 Global Flywheel Energy Storage (FES) Systems Historic Market Size by Type (2019-2024)
4.2 Global Flywheel Energy Storage (FES) Systems Forecasted Market Size by Type (2025-2030)
5 Flywheel Energy Storage (FES) Systems Breakdown Data by Application
5.1 Global Flywheel Energy Storage (FES) Systems Historic Market Size by Application (2019-2024)
5.2 Global Flywheel Energy Storage (FES) Systems Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Flywheel Energy Storage (FES) Systems Market Size (2019-2030)
6.2 North America Flywheel Energy Storage (FES) Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Flywheel Energy Storage (FES) Systems Market Size by Country (2019-2024)
6.4 North America Flywheel Energy Storage (FES) Systems Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Flywheel Energy Storage (FES) Systems Market Size (2019-2030)
7.2 Europe Flywheel Energy Storage (FES) Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Flywheel Energy Storage (FES) Systems Market Size by Country (2019-2024)
7.4 Europe Flywheel Energy Storage (FES) Systems Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Flywheel Energy Storage (FES) Systems Market Size (2019-2030)
8.2 Asia-Pacific Flywheel Energy Storage (FES) Systems Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Flywheel Energy Storage (FES) Systems Market Size by Region (2019-2024)
8.4 Asia-Pacific Flywheel Energy Storage (FES) Systems Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Flywheel Energy Storage (FES) Systems Market Size (2019-2030)
9.2 Latin America Flywheel Energy Storage (FES) Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Flywheel Energy Storage (FES) Systems Market Size by Country (2019-2024)
9.4 Latin America Flywheel Energy Storage (FES) Systems Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Flywheel Energy Storage (FES) Systems Market Size (2019-2030)
10.2 Middle East & Africa Flywheel Energy Storage (FES) Systems Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Flywheel Energy Storage (FES) Systems Market Size by Country (2019-2024)
10.4 Middle East & Africa Flywheel Energy Storage (FES) Systems Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Active Power
11.1.1 Active Power Company Detail
11.1.2 Active Power Business Overview
11.1.3 Active Power Flywheel Energy Storage (FES) Systems Introduction
11.1.4 Active Power Revenue in Flywheel Energy Storage (FES) Systems Business (2019-2024)
11.1.5 Active Power Recent Development
11.2 Siemens
11.2.1 Siemens Company Detail
11.2.2 Siemens Business Overview
11.2.3 Siemens Flywheel Energy Storage (FES) Systems Introduction
11.2.4 Siemens Revenue in Flywheel Energy Storage (FES) Systems Business (2019-2024)
11.2.5 Siemens Recent Development
11.3 PowerTHRU
11.3.1 PowerTHRU Company Detail
11.3.2 PowerTHRU Business Overview
11.3.3 PowerTHRU Flywheel Energy Storage (FES) Systems Introduction
11.3.4 PowerTHRU Revenue in Flywheel Energy Storage (FES) Systems Business (2019-2024)
11.3.5 PowerTHRU Recent Development
11.4 Amber Kinetics
11.4.1 Amber Kinetics Company Detail
11.4.2 Amber Kinetics Business Overview
11.4.3 Amber Kinetics Flywheel Energy Storage (FES) Systems Introduction
11.4.4 Amber Kinetics Revenue in Flywheel Energy Storage (FES) Systems Business (2019-2024)
11.4.5 Amber Kinetics Recent Development
11.5 Beacon Power
11.5.1 Beacon Power Company Detail
11.5.2 Beacon Power Business Overview
11.5.3 Beacon Power Flywheel Energy Storage (FES) Systems Introduction
11.5.4 Beacon Power Revenue in Flywheel Energy Storage (FES) Systems Business (2019-2024)
11.5.5 Beacon Power Recent Development
11.6 Boeing Management
11.6.1 Boeing Management Company Detail
11.6.2 Boeing Management Business Overview
11.6.3 Boeing Management Flywheel Energy Storage (FES) Systems Introduction
11.6.4 Boeing Management Revenue in Flywheel Energy Storage (FES) Systems Business (2019-2024)
11.6.5 Boeing Management Recent Development
11.7 Calnetix Technologies
11.7.1 Calnetix Technologies Company Detail
11.7.2 Calnetix Technologies Business Overview
11.7.3 Calnetix Technologies Flywheel Energy Storage (FES) Systems Introduction
11.7.4 Calnetix Technologies Revenue in Flywheel Energy Storage (FES) Systems Business (2019-2024)
11.7.5 Calnetix Technologies Recent Development
11.8 CCM
11.8.1 CCM Company Detail
11.8.2 CCM Business Overview
11.8.3 CCM Flywheel Energy Storage (FES) Systems Introduction
11.8.4 CCM Revenue in Flywheel Energy Storage (FES) Systems Business (2019-2024)
11.8.5 CCM Recent Development
11.9 GKN Hybrid Power
11.9.1 GKN Hybrid Power Company Detail
11.9.2 GKN Hybrid Power Business Overview
11.9.3 GKN Hybrid Power Flywheel Energy Storage (FES) Systems Introduction
11.9.4 GKN Hybrid Power Revenue in Flywheel Energy Storage (FES) Systems Business (2019-2024)
11.9.5 GKN Hybrid Power Recent Development
11.10 Kinetic Traction
11.10.1 Kinetic Traction Company Detail
11.10.2 Kinetic Traction Business Overview
11.10.3 Kinetic Traction Flywheel Energy Storage (FES) Systems Introduction
11.10.4 Kinetic Traction Revenue in Flywheel Energy Storage (FES) Systems Business (2019-2024)
11.10.5 Kinetic Traction Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
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
