New Jersey, United States, – The Flywheel Energy Storage Systems Market The research report is a detailed study of the Flywheel Energy Storage Systems industry that specializes in identifying the growth potential of the Flywheel Energy Storage Systems market and potential opportunities in the market. . Secondary research data comes from government publications, interviews with experts, journals, surveys and trusted journals. The recorded data spans a decade followed by systematic review to conduct an in-depth study of influencers in the Flywheel Energy Storage Systems market.
The flywheel energy storage systems market was valued at USD 302.74 million in 2019 and is expected to reach USD 534.28 million by 2027, with a CAGR of 7.3% from 2020 to 2027.
Flywheel energy storage systems work by accelerating a flywheel to a very high speed and retaining the energy in the form of rotating energy in the device. When the energy is collected, thanks to the theory of energy saving, the speed of rotation of the flywheel is reduced; the additional power supplied to the device results in an increase in the speed of the flywheel. Advanced FES systems consist of composites of high performance carbon fiber rotors suspended from magnetic bearings and rotated in the vacuum chamber at speeds from 20,000 to over 50,000 rpm. These flywheels can be faster than any other form of storage within minutes, reaching their energy capacity much faster. A vacuum chamber can contain the floating wheel and often the engine generator to minimize friction and energy loss. The first generation flywheel energy storage systems use a large steel flywheel rotating on mechanical lockers. The newer systems have greater strength than stainless steel by using carbon fiber composite rotors which can store much more energy for the same mass.
The report covers an in-depth analysis of the major market players in the market, along with their business overview, expansion plans, and strategies. The major players studied in the report include:
Piller, Stornetic, Calnetix Technologies, POWERTHRU, PUNCH Flybrid, ABB, Bc New Energy, Amber Kinetic, Kinetic Traction Systems, Beijing Qifeng.
Market segmentation of flywheel energy storage systems
Flywheel Energy Storage Systems Market, By End User
• UPS, distributed energy production • Transportation • Data centers • Others
The Flywheel Energy Storage Systems market report has been segmented on the basis of various categories such as product type, application, end user, and region. Each segment is evaluated based on CAGR, share and growth potential. In the regional analysis, the report highlights the potential region which is expected to create opportunities in the Electric Power Steering System Market in the coming years.
Scope of the Flywheel Energy Storage Systems Market Report
Market size available for years
2021 – 2028
Reference year considered
2015 – 2020
2021 – 2028
Revenue in millions of USD and CAGR from 2021 to 2028
Types, applications, end users, etc.
Cover of the report
Revenue forecast, company ranking, competitive landscape, growth factors and trends
North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization
Free customization of the report (equivalent to 8 working days for analysts) with purchase. Add or change the scope of country, region and segment.
Price and purchase options
Take advantage of personalized shopping options to meet your exact research needs. Explore purchasing options
Geographic segment covered in the report:
• North America (United States and Canada) • Europe (UK, Germany, France and rest of Europe) • Asia-Pacific (China, Japan, India and the rest of the Asia-Pacific region) • Latin America (Brazil, Mexico and the rest of Latin America) • Middle East and Africa (GCC and rest of Middle East and Africa)
Key questions answered in the report:
What is the growth potential of the flywheel energy storage systems market?
Which product segment will take the lion’s share?
Which regional market will emerge as a pioneer in the years to come?
Which application segment will experience strong growth?
What growth opportunities might arise in the flywheel energy storage systems industry in the years to come?
What are the most significant challenges that the flywheel energy storage systems market could face in the future?
Who are the leading companies in the flywheel energy storage systems market?
What are the main trends that are positively impacting the growth of the market?
What growth strategies are the players considering to stay in the Power Steering Rack market?
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