Flywheel Energy Storage Systems Market

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.
Flywheel Energy Storage Systems Market contains market size and forecasts of Flywheel Energy Storage Systems in Global, including the following market information:
Global Flywheel Energy Storage Systems Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Flywheel Energy Storage Systems market was valued at 157.7 million in 2021 and is projected to reach US$ 262.7 million by 2028, at a CAGR of 7.6% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Less than 500KW Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Flywheel Energy Storage Systems include Piller, Calnetix Technologies, ABB, POWERTHRU, PUNCH Flybrid, Amber Kinetic, Beijing Qifeng, Bc New Energy and Kinetic Traction Systems and etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Flywheel Energy Storage Systems companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Flywheel Energy Storage Systems Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Flywheel Energy Storage Systems Market Segment Percentages, by Type, 2021 (%)
Less than 500KW
500-1000KW
More than 1000KW
Global Flywheel Energy Storage Systems Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Flywheel Energy Storage Systems Market Segment Percentages, by Application, 2021 (%)
UPS
Electricity Grid
Transportation
Global Flywheel Energy Storage Systems Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Flywheel Energy Storage Systems Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Flywheel Energy Storage Systems revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Flywheel Energy Storage Systems revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Piller
Calnetix Technologies
ABB
POWERTHRU
PUNCH Flybrid
Amber Kinetic
Beijing Qifeng
Bc New Energy
Kinetic Traction Systems
Stornetic