Global Flywheel Energy Storage System Market, By Component, By Application, By End User, By Region, Competition Forecast & Opportunities, 2027

Description

The global flywheel energy storage system market is expected to witness a growth of impressive CAGR in the forecast period, 2023-2027. Worldwide, the number of manufacturing facilities, production hubs, and processing plants is growing as a result of industrialization. These sectors need a steady supply of electricity to maintain their uninterrupted production. Massive demand for electricity to carry out industrial operations is driving the demand for the global flywheel energy storage system market.

The global flywheel energy storage system market is segmented into component, application, end user, competitive landscape, and regional distribution. Based on application, the market is fragmented into uninterrupted power supply, power quality, frequency regulation, voltage control, & others. Due to the rising demand for a steady supply of clean electricity across all industrial sectors, uninterrupted power supply (UPS) has established its dominance in the industry and is expected to do so for at least the next five years. This is utilized to ensure that all electronic equipment and devices operate effectively around the clock, even when there is a power outage.

Some of the major players operating in the global flywheel energy storage system market are Active Power Inc., Amber Kinetics, Inc., Beacon Power, LLC, Calnetix Technologies, LLC, Piller Group GmbH, Powerthru, VYCON, Inc., Stornetic GmbH, Energiestro, Oxto Energy, among others. The competitors are continuously involved in research and development and various mergers and acquisitions for the advancement of their product portfolio as well as the growth of the market.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022E

Forecast Period: 2023F-2027F

Objective of the Study:

To analyze historical growth in market size of global flywheel energy storage systems market from 2017 to 2021.
To estimate and forecast the market size of global flywheel energy storage systems market from 2022E to 2027F and growth rate until 2027F.
To classify and forecast global flywheel energy storage system market based on component, application, end user, and regional distribution.
To identify dominant region or segment in the global flywheel energy storage system market.
To identify drivers and challenges for global flywheel energy storage system market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global flywheel energy storage system market.
To identify and analyze the profile of leading players operating in global flywheel energy storage system market.
To identify key sustainable strategies adopted by market players in global flywheel energy storage system market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of suppliers, and manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the vendors, channels, and presence of all major players across the globe.

TechSci Research calculated the market size of global flywheel energy storage system market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

Flywheel energy storage system end users, manufacturers, and other stakeholders
Distributers and suppliers of flywheel energy storage system
Organizations, forums, and alliances related to flywheel energy storage system
Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as distributors, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global flywheel energy storage system market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Flywheel Energy Storage System Market, By Component:

Rotor System

Bearing System

Generator System

Flywheel Energy Storage System Market, By Application:

Uninterrupted power supply

Power Quality

Frequency Regulation

Voltage Control

Others

Flywheel Energy Storage System Market, By End User:

Transportation

Data Centers

Aerospace

Renewable Energy

Defense

Others

Flywheel Energy Storage System Market, By Region:

Asia Pacific

China
India
Japan
South Korea
Australia

Europe

France
Germany
United Kingdom
Italy
Spain

North America

United States
Mexico
Canada

South America

Brazil
Argentina
Colombia

Middle East and Africa

South Africa
Saudi Arabia
UAE
Iraq

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global flywheel energy storage systems market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Flywheel Energy Storage System Market

5. Voice of Customers

6. Global Flywheel Energy Storage System Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Component (Rotor System, Bearing System, Generator System)
- 6.2.2. By Application (Uninterrupted Power Supply, Power Quality, Frequency Regulation, Voltage Control, & Others)
- 6.2.3. By End User (Transportation, Data Centers, Aerospace, Renewable Energy, Defense, & Others)
- 6.2.4. By Region
- 6.2.5. By Company (2021)
6.3. Product Market Map

7. North America Flywheel Energy Storage System Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Application
- 7.2.3. By End User
- 7.2.4. By Country
7.3. North America: Country Analysis
- 7.3.1. United States Flywheel Energy Storage System Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Component
    - 7.3.1.2.2. By Application
    - 7.3.1.2.3. By End User
- 7.3.2. Canada Flywheel Energy Storage System Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Component
    - 7.3.2.2.2. By Application
    - 7.3.2.2.3. By End User
- 7.3.3. Mexico Flywheel Energy Storage System Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Component
    - 7.3.3.2.2. By Application
    - 7.3.3.2.3. By End User

8. Asia-Pacific Flywheel Energy Storage System Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Application
- 8.2.3. By End User
- 8.2.4. By Country
8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Flywheel Energy Storage System Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Component
    - 8.3.1.2.2. By Application
    - 8.3.1.2.3. By End User
- 8.3.2. India Flywheel Energy Storage System Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Component
    - 8.3.2.2.2. By Application
    - 8.3.2.2.3. By End User
- 8.3.3. Japan Flywheel Energy Storage System Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Component
    - 8.3.3.2.2. By Application
    - 8.3.3.2.3. By End User
- 8.3.4. South Korea Flywheel Energy Storage System Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Component
    - 8.3.4.2.2. By Application
    - 8.3.4.2.3. By End User
- 8.3.5. Australia Flywheel Energy Storage System Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Component
    - 8.3.5.2.2. By Application
    - 8.3.5.2.3. By End User

9. Europe Flywheel Energy Storage System Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Application
- 9.2.3. By End User
- 9.2.4. By Country
9.3. Europe: Country Analysis
- 9.3.1. Germany Flywheel Energy Storage System Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Component
    - 9.3.1.2.2. By Application
    - 9.3.1.2.3. By End User
- 9.3.2. United Kingdom Flywheel Energy Storage System Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Component
    - 9.3.2.2.2. By Application
    - 9.3.2.2.3. By End User
- 9.3.3. France Flywheel Energy Storage System Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Component
    - 9.3.3.2.2. By Application
    - 9.3.3.2.3. By End User
- 9.3.4. Italy Flywheel Energy Storage System Market Outlook
  - 9.3.4.1. Market Size & Forecast
    - 9.3.4.1.1. By Value
  - 9.3.4.2. Market Share & Forecast
    - 9.3.4.2.1. By Component
    - 9.3.4.2.2. By Application
    - 9.3.4.2.3. By End User
- 9.3.5. Spain Flywheel Energy Storage System Market Outlook
  - 9.3.5.1. Market Size & Forecast
    - 9.3.5.1.1. By Value
  - 9.3.5.2. Market Share & Forecast
    - 9.3.5.2.1. By Component
    - 9.3.5.2.2. By Application
    - 9.3.5.2.3. By End User

10. South America Flywheel Energy Storage System Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Application
- 10.2.3. By End User
- 10.2.4. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Flywheel Energy Storage System Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Component
    - 10.3.1.2.2. By Application
    - 10.3.1.2.3. By End User
- 10.3.2. Argentina Flywheel Energy Storage System Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Component
    - 10.3.2.2.2. By Application
    - 10.3.2.2.3. By End User
- 10.3.3. Colombia Flywheel Energy Storage System Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Component
    - 10.3.3.2.2. By Application
    - 10.3.3.2.3. By End User

11. Middle East & Africa Flywheel Energy Storage System Market Outlook

11.1. Market Size & Forecast
- 11.1.1. By Value
11.2. Market Share & Forecast
- 11.2.1. By Component
- 11.2.2. By Application
- 11.2.3. By End User
- 11.2.4. By Country
11.3. MEA: Country Analysis
- 11.3.1. Saudi Arabia Flywheel Energy Storage System Market Outlook
  - 11.3.1.1. Market Size & Forecast
    - 11.3.1.1.1. By Value
  - 11.3.1.2. Market Share & Forecast
    - 11.3.1.2.1. By Component
    - 11.3.1.2.2. By Application
    - 11.3.1.2.3. By End User
- 11.3.2. South Africa Flywheel Energy Storage System Market Outlook
  - 11.3.2.1. Market Size & Forecast
    - 11.3.2.1.1. By Value
  - 11.3.2.2. Market Share & Forecast
    - 11.3.2.2.1. By Component
    - 11.3.2.2.2. By Application
    - 11.3.2.2.3. By End User
- 11.3.3. UAE Flywheel Energy Storage System Market Outlook
  - 11.3.3.1. Market Size & Forecast
    - 11.3.3.1.1. By Value
  - 11.3.3.2. Market Share & Forecast
    - 11.3.3.2.1. By Component
    - 11.3.3.2.2. By Application
    - 11.3.3.2.3. By End User
- 11.3.4. Iraq Flywheel Energy Storage System Market Outlook
  - 11.3.4.1. Market Size & Forecast
    - 11.3.4.1.1. By Value
  - 11.3.4.2. Market Share & Forecast
    - 11.3.4.2.1. By Component
    - 11.3.4.2.2. By Application
    - 11.3.4.2.3. By End User

12. Market Dynamics

12.1. Drivers
12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. Competition Outlook
14.2. Company Profiles
- 14.2.1. Active Power Inc.
- 14.2.2. Amber Kinetics, Inc.
- 14.2.3. Beacon Power, LLC
- 14.2.4. Calnetix Technologies, LLC
- 14.2.5. Piller Group GmbH
- 14.2.6. Powerthru
- 14.2.7. VYCON, Inc.
- 14.2.8. Stornetic GmbH
- 14.2.9. Energiestro
- 14.2.10. Oxto Energy