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ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET FORECAST 2020-2028

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ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET FORECAST 2020-2028

The flywheel energy storage market of Asia Pacific is estimated to register a CAGR of 8.21% in terms of volume over the forecast period of 2020-2028. In terms of revenue, the market is expected to record a CAGR of 7.51% during this period. The important factors propelling the market growth in the region are advantages such as reliability, cost-effectiveness, and eco-friendly nature of the flywheel energy storage systems. The analysis of the flywheel energy storage market in the Asia Pacific region, one of the emerging regions in the world, is based on the market regions of India, South Korea, Japan, Indonesia, China, Australia & New Zealand, Thailand, Vietnam, and the rest of Asia Pacific.

ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET FORECAST 2020-2028

Asia Pacific Flywheel Energy Storage Market by Application (Uninterruptible Power Supply, Distributed Energy Generation, Transport, Data Centres, Others) by Geography.

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The flywheel energy storage market of Asia Pacific is estimated to register a CAGR of 8.21% in terms of volume over the forecast period of 2020-2028. In terms of revenue, the market is expected to record a CAGR of 7.51% during this period. The important factors propelling the market growth in the region are advantages such as reliability, cost-effectiveness, and eco-friendly nature of the flywheel energy storage systems.

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The analysis of the flywheel energy storage market in the Asia Pacific region, one of the emerging regions in the world, is based on the market regions of India, South Korea, Japan, Indonesia, China, Australia & New Zealand, Thailand, Vietnam, and the rest of Asia Pacific. In China, the total energy storage capacity is expected to catapult from 489 megawatts in 2017 to 12.5 gigawatts in 2024. The Chinese government has announced major policies for supporting ESS market growth. China is expected to emerge as a prominent player in the ESS market. In countries like Japan, the energy storage policy is focused on energy diversification, regional flexibility, and improved regional self-sufficiency. A next-generation power storage system, which is the world’s largest flywheel energy storage system, is being built in Japan.

India has made significant progress in improving its energy-system efficiency in the last three years. The growing renewable sector is anticipated to lead to a growth in the energy storage system in order to address the challenges related to irregularities in renewable power generation. In South Korea, the renewable sector is expected to have high growth rates, owing to non-hydro renewables doubling between 2017-2027, and flywheel ESS integrated solar energy.

ABB, Ltd., is a global provider of power and automation technologies, operating in Europe, Asia, America, the Middle East, and Africa. ABB has collaborated with Ericsson to increase the productivity of the businesses with the help of automation and digitalization.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • MARKET DEFINITION
      • KEY DRIVERS
        • INCREASING ADOPTION OF RENEWABLE ENERGY
        • GROWING DEMAND FOR UNINTERRUPTED POWER SUPPLY (UPS)
        • INCREASED USE OF FLYWHEELS IN UTILITY SECTOR
      • KEY RESTRAINTS
        • GROWING POPULARITY OF BATTERY STORAGE
        • HIGH INITIAL COST
        • LOW TENSILE STRENGTH
    1. KEY ANALYTICS
      • KEY INVESTMENT INSIGHTS
      • PORTER’S FIVE FORCE ANALYSIS
        • BUYER POWER
        • SUPPLIER POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
    2. MARKET BY APPLICATION
      • UNINTERRUPTIBLE POWER SUPPLY
      • DISTRIBUTED ENERGY GENERATION
      • TRANSPORT
      • DATA CENTRES
      • OTHERS
    3. GEOGRAPHICAL ANALYSIS
      • ASIA PACIFIC
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • INDONESIA
        • THAILAND
        • VIETNAM
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA PACIFIC
    1. COMPANY PROFILES
      • ACTIVE POWER
      • AMBER KINETICS, INC.
      • BEACON POWER, LLC
      • CALNETIX TECHNOLOGIES, LLC
      • ACUMENTRICS INC.
      • PILLER GROUP GMBH
      • POWERTHRU
      • TEMPORAL POWER LTD
      • ABB LIMITED
      • ADAPTIVE BALANCING POWER
      • SCHWUNGRAD ENERGIE LTD.
      • STORNETIC
      • AMERICAN MAGLEV TECHNOLOGY

    TABLE LIST

    TABLE 1: MARKET SNAPSHOT – FLYWHEEL ENERGY STORAGE

    TABLE 2: ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 3: ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 4: ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN KW)

    TABLE 5: ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET, BY APPLICATION, FORECAST YEARS, 2020-2028 (IN KW)

    TABLE 6: ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

    TABLE 7: ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

    TABLE 8: ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN KW)

    TABLE 9: ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN KW)

    FIGURES LIST 

    FIGURE 1: ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET, BY REGION, 2019 & 2028 (IN %)

    FIGURE 2: KEY INVESTMENT INSIGHTS

    FIGURE 3: PORTER’S FIVE FORCE ANALYSIS

    FIGURE 4: OPPORTUNITY MATRIX

    FIGURE 5: VENDOR LANDSCAPE

    FIGURE 6: ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019

    FIGURE 7: ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET, UNINTERRUPTIBLE POWER SUPPLY, 2020-2028 (IN $ MILLION)

    FIGURE 8: TYPES OF UPS THAT IMPLEMENT FLYWHEELS

    FIGURE 9: ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET, DISTRIBUTED ENERGY GENERATION, 2020-2028 (IN $ MILLION)

    FIGURE 10: FLYWHEEL APPLICATION IN DISTRIBUTED ENERGY GENERATION

    FIGURE 11: ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET, TRANSPORT, 2020-2028 (IN $ MILLION)

    FIGURE 12: ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET, DATA CENTRES, 2020-2028 (IN $ MILLION)

    FIGURE 13: ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET, OTHERS, 2020-2028 (IN $ MILLION)

    FIGURE 14: ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

    FIGURE 15: CHINA FLYWHEEL ENERGY STORAGE MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 16: JAPAN FLYWHEEL ENERGY STORAGE MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 17: INDIA FLYWHEEL ENERGY STORAGE MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 18: SOUTH KOREA FLYWHEEL ENERGY STORAGE MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 19: INDONESIA FLYWHEEL ENERGY STORAGE MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 20: THAILAND FLYWHEEL ENERGY STORAGE MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 21: VIETNAM FLYWHEEL ENERGY STORAGE MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 22: AUSTRALIA & NEW ZEALAND FLYWHEEL ENERGY STORAGE MARKET, 2020-2028 (IN $ MILLION)

    FIGURE 23: REST OF ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET, 2020-2028 (IN $ MILLION)

     

    1. GEOGRAPHICAL ANALYSIS
      • ASIA PACIFIC
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • INDONESIA
        • THAILAND
        • VIETNAM
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA PACIFIC
    1. MARKET BY APPLICATION
      • UNINTERRUPTIBLE POWER SUPPLY
      • DISTRIBUTED ENERGY GENERATION
      • TRANSPORT
      • DATA CENTRES
      • OTHERS

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