Global Mechanical Energy Storage Market Growth (Status and Outlook) 2023-2029

Global Mechanical Energy Storage Market Growth (Status and Outlook) 2023-2029

Energy storage is becoming increasingly important, especially in energy-management schemes, because it provides the capability of using off-peak power, generated by highly efficient base-load units to supply peak-period demands. Peaking power is usually generated by those units on a utility system that are least efficient and more costly to operate.

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

This Insight Report provides a comprehensive analysis of the global Mechanical Energy Storage 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 Mechanical Energy Storage portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Mechanical Energy Storage market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Mechanical Energy Storage 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 Mechanical Energy Storage.

The global Mechanical Energy Storage market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

So far, only pumped-hydro energy storage has been able to satisfy the high-capacity requirements of the electric utilities. But sites for such plants are becoming increasingly scarce or are being ruled out by environmental considerations, so other energy storage methods are being actively considered. In the field of mechanical energy storage, compressed air found a permanent place among other mechanical energy storage possibilities, such as flywheel for example, because it can be implemented on a large scale in the utility systems already today.

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

Market Segmentation:

Segmentation by type
Pumped Hydro Storage (PHS)
Compressed Air Energy Storage (CAES)
Others

Segmentation by application
Industrial
Commercial
Residential

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.
Voith
Sulzer
DeWalt
Ingersoll Rand
Hitachi
Porter-Cable
Kirloskar Pneumatic
Atlas Copco
Active Power
Beacon Power
Powerthru
Schwungrad Energie

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