Global Flywheel Energy Storage (FES) Systems Market Growth (Status and Outlook) 2023-2029

Global Flywheel Energy Storage (FES) Systems Market Growth (Status and Outlook) 2023-2029

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.

LPI (LP Information)' newest research report, the “Flywheel Energy Storage (FES) Systems Industry Forecast” looks at past sales and reviews total world Flywheel Energy Storage (FES) Systems sales in 2022, providing a comprehensive analysis by region and market sector of projected Flywheel Energy Storage (FES) Systems sales for 2023 through 2029. With Flywheel Energy Storage (FES) Systems sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Flywheel Energy Storage (FES) Systems industry.

This Insight Report provides a comprehensive analysis of the global Flywheel Energy Storage (FES) Systems landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Flywheel Energy Storage (FES) Systems portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Flywheel Energy Storage (FES) Systems market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Flywheel Energy Storage (FES) Systems and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Flywheel Energy Storage (FES) Systems.

The global Flywheel Energy Storage (FES) Systems market size is projected to grow from US$ 150 million in 2022 to US$ 193.8 million in 2029; it is expected to grow at a CAGR of 3.7% from 2023 to 2029.

The industry's leading producers are Piller, Calnetix Technologies and ABB, with revenue ratios of 45.61%, 16.73% and 5.93%, respectively, in 2019.

This report presents a comprehensive overview, market shares, and growth opportunities of Flywheel Energy Storage (FES) Systems market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Energy Storage Technology
Composite Materials
Rotor
Other

Segmentation by application
Transportation
UPS
Wind Turbines
Automobile
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Active Power
Siemens
PowerTHRU
Amber Kinetics
Beacon Power
Boeing Management
Calnetix Technologies
CCM
GKN Hybrid Power
Kinetic Traction

Please note: The report will take approximately 2 business days to prepare and deliver.