Flywheel Energy Storage (FES)

Global Flywheel Energy Storage (FES) Market to Reach US$768.1 Million by 2030

The global market for Flywheel Energy Storage (FES) estimated at US$540.2 Million in the year 2024, is expected to reach US$768.1 Million by 2030, growing at a CAGR of 6.0% over the analysis period 2024-2030. Distributed Energy Generation, one of the segments analyzed in the report, is expected to record a 6.4% CAGR and reach US$245.2 Million by the end of the analysis period. Growth in the Data centers segment is estimated at 7.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$149.2 Million While China is Forecast to Grow at 5.6% CAGR

The Flywheel Energy Storage (FES) market in the U.S. is estimated at US$149.2 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$119.1 Million by the year 2030 trailing a CAGR of 5.6% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 5.8% and 4.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.0% CAGR.

Global Flywheel Energy Storage (FES) Market - Key Trends and Drivers Summarized

Flywheel Energy Storage (FES) systems, an innovative and evolved technology for energy storage, have become increasingly significant in managing and stabilizing the electric grid and enhancing renewable energy integration. FES systems store energy through the rotation of a massive wheel, a concept that has been utilized since ancient times and has evolved significantly with modern advancements in materials and engineering. These systems, equipped with rotors made from advanced materials like carbon fibers or Kevlar housed within a vacuum-sealed chamber, minimize air resistance and achieve high rotational speeds, sometimes exceeding 10,000 revolutions per minute. The kinetic energy stored in the flywheel`s mass can be rapidly converted back to electrical energy when needed, offering up to 80% energy storage efficiency and a quick response capability suitable for applications that demand immediate energy availability.

Flywheel systems are particularly advantageous for grid applications where they stabilize voltage and frequency and manage short-term fluctuations. They are also essential in regenerative braking systems, such as in subways, where they store energy generated during braking and subsequently release it to assist acceleration. This enhances the overall energy efficiency of such transport systems. In the automotive sector, particularly in racing, FES systems are employed to harness energy during braking to provide additional power for acceleration. The intermittent nature of renewable energy sources like solar and wind presents challenges in energy consistency, which FES systems help address by smoothing out the power supply. They store excess energy produced during peak times and release it during production dips, facilitating a more consistent energy supply.

Several key factors are driving the growth of the FES market. Technological advancements in materials science have significantly enhanced the performance, efficiency, and durability of flywheel systems, allowing them to operate at higher speeds with less energy loss. The high energy efficiency and rapid response capabilities of FES make them ideal for applications requiring swift power adjustments to maintain grid stability. Additionally, the long operational lifespan of flywheels translates into lower long-term operational and maintenance costs, making them economically attractive. Environmental benefits also play a significant role, as flywheels do not rely on chemicals or hazardous materials, unlike many traditional batteries, and are entirely recyclable at the end of their lifecycle. The integration of renewable energy sources is further facilitated by FES systems, which provide effective energy storage solutions to manage the variability of wind and solar outputs. Government policies and incentives promoting clean and efficient energy storage technologies, along with a growing demand for grid stabilization, continue to drive the deployment of FES systems across various sectors. As the technology continues to advance, flywheels are expected to play an increasingly vital role in the future of energy management and storage solutions, expanding their applicability and contributing to more sustainable energy systems.

SCOPE OF STUDY:

The report analyzes the Flywheel Energy Storage (FES) market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Application (Distributed Energy Generation, Data centers, UPS, Transport, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Select Competitors (Total 38 Featured) -

• Acumentrics, Inc.
• Amber Kinetics, Inc.
• Beacon Power LLC
• Calnetix Technologies LLC
• Langley Holdings PLC
• Piller Group GmbH
• Power Tree Pvt. Ltd
• Siemens AG

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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