Global Flywheel Energy Storage System Market By Component (Rotor System, Bearing System, Generator System) By Application (Uninterrupted Power Supply, Power Quality, Frequency Regulation, Voltage Control, & Others) By End User (Transportation, Data Centres, Aerospace, Renewable Energy, Defence, & Others) By Region, Competition Forecast & Opportunities, 2027

Global flywheel energy storage system market is projected to grow at a steady CAGR in the forecast period of 2023-2027. The market is growing because of increasing demand of kinetic energy storage by small- and large-scale industries for the efficient functionality. Grid balancing, renewable integration, and power supply to islands and isolated grids is required for the fluidity of manufacturing and other working of various industries. Flywheel energy storage system fulfills the same for many industrial sectors thus driving the growth of the Global flywheel energy storage system market positively. The clean energy storage system is a perfect alternative to the fossil fuel derived energy and is preferred owing to the factor that fossil fuel is expensive, and exhaustive. Thus, driving the market toward the anticipated growth.

The global flywheel energy storage system market is segmented by component, application, end user, and regional distribution. Based on applications the market is further fragmented into uninterrupted power supply, power quality, frequency regulation, voltage control, & others. Uninterrupted power supply (UPS) has asserted its dominance in the market and is projected to continue the dominance in the next five years too owing to the increasing demand for the clean and continued electricity supply in the all over industrial sectors. This is used to efficient working of all the electronic devices and equipment for a 24x7 time cycle even during power outage.

Based on the component the market is further categorized into rotor system, bearing system, and generator system. Rotor system dominates the segment of the market owing to the basic functionality of flywheel energy storage system. The rotor system performs the efficient flow of electricity by converting it from the stored kinetic energy in the system.

Some of the major players in the 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 services as well as the growth of market.

Objective of the Study

• To analyze and forecast the market size of Global flywheel energy storage systems market from 2017 to 2020.
• To estimate and forecast the market size of Global flywheel energy storage systems market from 2021 to 2027 and growth rate until 2027. 
• To classify and forecast Global flywheel energy storage systems market based on component, application, end user, and regional distribution.
• To identify dominant region or segment in the Global flywheel energy storage systems market.
• To identify drivers and challenges for Global flywheel energy storage systems market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Global flywheel energy storage systems market.
• To identify and analyze the profile of leading players operating in Global flywheel energy storage systems market.
• To identify key sustainable strategies adopted by market players in Global flywheel energy storage systems market.

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

Market insights research calculated the market size of Global flywheel energy storage systems market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. Market insights 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 Market insights research.

Key Target Audience

• Flywheel energy storage systems vendors, end users, service providers and other stakeholders
• Distributers and suppliers of flywheel energy storage systems’ products and services and other stakeholders
• Organizations, forums, and alliances related to flywheel energy storage systems   
• 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 vendors, distributors, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.