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EUROPE FLYWHEEL ENERGY STORAGE MARKET FORECAST 2020-2028

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EUROPE FLYWHEEL ENERGY STORAGE MARKET FORECAST 2020-2028

The European flywheel energy storage market is anticipated to grow considerably and reach a record CAGR of 9.18% in terms of volume, and 7.80% in terms of revenue during the projected period of 2020-2028. Owing to the need for continuous power supply in countries like Austria, Germany, Switzerland, and the Netherlands, the European market is lucrative for the large battery systems and manufacturers. It is an ongoing trend in the region to invest in increasing the production of renewable energy, which is expected to propel the market growth. This investment, which is for the adoption of the high-end technology systems for storing the produced renewable energy, will further augment market growth. The flywheel energy storage market of Europe is further analyzed on the basis of the markets in Germany, Belgium, Russia, the UK, Poland, Italy, France, and the rest of Europe.

EUROPE FLYWHEEL ENERGY STORAGE MARKET FORECAST 2020-2028

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

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The European flywheel energy storage market is anticipated to grow considerably and reach a record CAGR of 9.18% in terms of volume, and 7.80% in terms of revenue during the projected period of 2020-2028. Owing to the need for continuous power supply in countries like Austria, Germany, Switzerland, and the Netherlands, the European market is lucrative for the large battery systems and manufacturers. It is an ongoing trend in the region to invest in increasing the production of renewable energy, which is expected to propel the market growth. This investment, which is for the adoption of the high-end technology systems for storing the produced renewable energy, will further augment market growth.

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The flywheel energy storage market of Europe is further analyzed on the basis of the markets in Germany, Belgium, Russia, the UK, Poland, Italy, France, and the rest of Europe. In the UK, energy markets are transforming speedily to meet the demands for clean, secure, and affordable energy. The UK provinces of Wales, Scotland, and Ireland are contributing significantly to increasing renewable energy share.

In Germany, the market is surging as the country is moving away from fossil to renewable energy. In 2017, around 30% of power in the country was generated from renewables, exceeding nuclear. In countries like France, several companies are developing different ways to renew and store energy. For example, Energiestro is developing a technique for storing renewable energy using flywheels that are 10 times cheaper than existing models made of concrete. Italy is increasing the deployment of solar PVs all across the country in both, commercial and residential sectors, which has triggered market growth in the last five years.

The Piller Group GmbH, headquartered in Osterode, am Harz, Germany, is a manufacturer of high capacity UPS and flywheel energy storage systems. Piller is a subsidiary wholly owned by the multi-disciplined global UK engineering group, Langley Holdings plc.

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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
      • EUROPE
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • RUSSIA
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    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: EUROPE FLYWHEEL ENERGY STORAGE MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

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

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

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

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

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

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

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

    FIGURES LIST       

    FIGURE 1: EUROPE 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: EUROPE FLYWHEEL ENERGY STORAGE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2019

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

    FIGURE 8: TYPES OF UPS THAT IMPLEMENT FLYWHEELS

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

    FIGURE 10: FLYWHEEL APPLICATION IN DISTRIBUTED ENERGY GENERATION

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

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

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

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

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

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

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

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

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

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

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

    FIGURE 22: REST OF EUROPE FLYWHEEL ENERGY STORAGE MARKET, 2020-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • RUSSIA
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    1. MARKET BY APPLICATION
      • UNINTERRUPTIBLE POWER SUPPLY
      • DISTRIBUTED ENERGY GENERATION
      • TRANSPORT
      • DATA CENTRES
      • OTHERS

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