Flywheel energy storage is one such emerging electrical energy storage technology. Flywheels store energy by virtue of the angular motions of a spinning element. While charging, a motor spins up the flywheel with the input of electrical energy; while discharging the same motor, now acting as a generator, produces electrical energy from the rotational energy of the flywheel.
EMEA accounted for the largest share of the flywheel energy storage market and likely to continue its dominance in the throughout the forecast period.
Some of the major application areas of flywheel energy storage are UPS, transportation, and distributed power generation. Of these, the UPS segment is currently leading the global flywheel energy storage market owing to the issue of frequent power outages in developing regions and the demand for effective power backup options in response.
In 2020, the global Flywheel Energy Storage market size was xx million US$ and it is expected to reach xx million US$ by the end of 2027, with a CAGR of xx% during 2021-2027.
This report focuses on the global Flywheel Energy Storage status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Flywheel Energy Storage development in United States, Europe and China.
The key players covered in this study
GKN Hybrid Power
Temporal Power Ltd
Pentadyne Power Corporation
Kinetech Power Company
Market segment by Type, the product can be split into
Based on Synchronous Motor Type
Based on Reluctance Motor Type
Based on Induction Motor Type
Market segment by Application, split into
Distributed Power Generation
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Flywheel Energy Storage status, future forecast, growth opportunity, key market and key players.
To present the Flywheel Energy Storage development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Flywheel Energy Storage are as follows:
History Year: 2017-2020
Base Year: 2020
Estimated Year: 2020
Forecast Year 2021 to 2027
For the data information by region, company, type and application, 2020 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.