GLOBAL FLYWHEEL ENERGY STORAGE MARKET FORECAST 2018-2026

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GLOBAL FLYWHEEL ENERGY STORAGE MARKET FORECAST 2018-2026

The global flywheel energy storage market is estimated to grow with approx.8.93% CAGR during the year 2018-2026. The base year considered for the study is 2017 and the forecast period is 2018-2026.Global Flywheel Energy Storage market is primarily driven by the following factors: Growing energy storage market. Growing demand for uninterrupted power supply (ups)

GLOBAL FLYWHEEL ENERGY STORAGE MARKET FORECAST 2018-2026

Global Flywheel Energy Storage Market by Application (Uninterruptible Power Supply, Distributed Energy Generation, Transport, Data Centres) by Key Analytics  (Porters Five Forces Analysis, Vendor Landscape, Opportunity Matrix) by Geography

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The global flywheel energy storage market is estimated to grow with approx.8.93% CAGR during the year 2018-2026. The base year considered for the study is 2017 and the forecast period is 2018-2026. The global flywheel energy storage market is primarily driven by the following factors:

  • Growing energy storage market
  • Growing demand for uninterrupted power supply (UPS)
  • Growing automotive industry
  • Increased used of flywheels in the utility sector

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The important driver increasing growth in the global flywheel energy storage market is the growing demand for uninterrupted power supply (UPS). The uninterruptible power supply is of utmost importance in commercial sectors. A line interactive UPS system can act as a filter that refines power that comes into the UPS, adjusting the output so that the internal systems receive a consistent and uninterrupted supply. Flywheel energy storage UPS systems have several advantages as compared to a battery operated UPS system. Flywheel energy storage UPS systems do not degrade with use, are compact, and can last for 20 years.

Distributed energy generation involves the generation of power at the place of consumption. This method has several advantages such as the elimination of cost, inefficiencies, and complexities related to power generation as compared to centrally generated power. Initially, diesel generators, which release smoke, were used for distributed energy generation. However, with the application of flywheels, this problem was solved. Growing demand from commercial workstations has driven the market in this segment. Distributed energy generation using flywheels is expected to reduce the dependency on fossil fuels and push for renewable sources of power generation.

Growing popularity of battery storage is the major factor hindering the flywheel energy storage market. Apart from flywheels, some other commonly used energy storage systems include sodium-sulphur (Na-S) batteries, lithium-ion batteries, and lead-acid batteries. Lithium-ion batteries are lightweight. Also, the use of non-aqueous electrolytes helps these batteries achieve high operating voltages as compared to other batteries. Besides, as these batteries are compact in size, they can be carried anywhere. Lead acid batteries, which are in the market since the 1960s, are the other popularly used batteries that can pose a threat to the growth of the flywheel energy storage market.

The global flywheel energy storage market is segmented on the basis of application.

Applications are further classified into:

  • UPS
  • Distributed Energy Generation
  • Transport
  • Data Centers
  • Others

The report scope is widely categorized on the basis of its application. Moreover, the market revenue estimates and forecast includes only flywheel energy storage systems and exclude the conventional energy storage systems.

Geographically, the global flywheel energy storage market has been segmented on the basis of five major regions, which includes:

North America is anticipated to account for the largest market share during 2018-2026, due to the growing demand for power storage systems and uninterrupted power supply, particularly from the commercial sector. The North American flywheel energy storage market is characterized by growing demand for UPS systems, to maintain a continuous supply of power for commercial and industrial applications. Similarly, the growing demand for data centres for storing large amounts of data has resulted in the growth of the flywheel energy storage market in this region. The U.S. held the largest share among all countries in the North American flywheel energy storage market in 2017. This growth is attributed to the growth of the IT industry in the North American region. On the other hand, Europe is anticipated to be the fastest-growing region for the flywheel energy storage market. It is considered to be one of the most developed regions in the world. In March 2016, the first hybrid flywheel energy storage plant was developed in Europe. Germany, UK, and Italy are the biggest markets for energy storage in this region, which are driving the flywheel energy storage market here.

The Flywheel energy storage Market is segmented based on applications, which are sub-divided into UPS, distributed energy generation, transport, data centers and others.

The major market players in the global flywheel energy storage market are:

  • Active Power
  • Amber Kinetics Inc
  • Beacon Power Llc
  • Calnetix Technologies Llc
  • Power Tree
  • Others

Company profiles cover the analysis of important players.

These companies are using organic and inorganic strategies for growth. For instance, in January 2016, Electroproject, a leading player in the power infrastructure market in the Netherlands, entered into an agreement with Active Power to distribute its products in Europe. This agreement further increased Active Power’s reach in the European market. In May 2015, Beacon Power LLC entered into an agreement to supply flywheels to Chugach Electric Association for a hybrid energy storage project in Alaska, U.S. This project combined the proven flywheel energy storage technology of Beacon Power with conventional electrochemical battery during additional energy requirements.

Key findings of the global flywheel energy storage market

  • Growing demand for uninterrupted power supply (UPS) and growing automotive industry is fueling growth in the global flywheel energy storage market.
  • North America accounted for the largest revenue share in 2017
  • Distributed energy generation segment is dominating the market
  • Increasing government support
  • Product launch is the key strategy adopted by the various market players of the global flywheel energy storage market.

  1. RESEARCH SCOPE
    • STUDY GOALS
    • SCOPE OF THE MARKET STUDY
    • WHO WILL FIND THIS REPORT USEFUL?
    • STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    • SOURCES OF DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • TOP DOWN APPROACH
    • BOTTOM-UP APPROACH
    • DATA TRIANGULATION
    • ESTIMATION METHODOLOGY
  3. EXECUTIVE SUMMARY
    • MARKET SUMMARY
  4. MARKET OVERVIEW
    • MARKET DEFINITION
    • MARKET DRIVERS
      • GROWING ENERGY STORAGE MARKET
      • GROWING DEMAND FOR UNINTERRUPTED POWER SUPPLY (UPS)
      • GROWING AUTOMOTIVE INDUSTRY
      • INCREASED USE OF FLYWHEELS IN UTILITY SECTOR
    • RESTRAINTS
      • GROWING POPULARITY OF BATTERY STORAGE
    • OPPORTUNITIES
      • HYBRID CAR MANUFACTURERS OPTING FOR FLYWHEEL
    • CHALLENGES
      • HIGH INITIAL COST
      • LOW TENSILE STRENGTH
      • LACK OF TECHNOLOGICAL AWARENESS
  1. GLOBAL FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)
    • UNINTERRUPTIBLE POWER SUPPLY
    • DISTRIBUTED ENERGY GENERATION
    • TRANSPORT
    • DATA CENTRES
    • OTHERS
  2. KEY ANALYTICS
    • PORTER’S FIVE FORCES ANALYSIS
      • THREAT OF NEW ENTRANTS
      • THREAT OF SUBSTITUTE PRODUCTS
      • BARGAINING POWER OF BUYERS
      • BARGAINING POWER OF SUPPLIERS
      • INTENSITY OF COMPETITIVE RIVALRY
    • VENDOR LANDSCAPE
    • OPPORTUNITY MATRIX
  3. GLOBAL FLYWHEEL ENERGY STORAGE MARKET BY GEOGRAPHY 2018-2026 (USD 000’)
    • NORTH AMERICA
      • US
      • CANADA
    • EUROPE
      • GERMANY
      • UK
      • SPAIN
      • FRANCE
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • LATIN AMERICA
      • BRAZIL
      • REST OF LATIN AMERICA
    • MIDDLE EAST & AFRICA
  4. COMPANY PROFILES
    • ACTIVE POWER
      • OVERVIEW
      • FINANCIAL PERFORMANCE
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
      • SCOT ANALYSIS
    • AMBER KINETICS, INC.
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
    • BEACON POWER, LLC
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
    • CALNETIX TECHNOLOGIES, LLC
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
    • ACUMENTRICS INC.
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
    • PILLER GROUP GMBH
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
      • SCOT ANALYSIS
    • POWERTHRU
      • OVERVIEW
      • PRODUCT PORTFOLIO
    • POWER TREE
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES
    • TEMPORAL POWER LTD
      • OVERVIEW
      • PRODUCT PORTFOLIO
      • STRATEGIC INITIATIVES

TABLE LIST

TABLE 1 GLOBAL FLYWHEEL ENERGY STORAGE MARKET BY GEOGRAPHY 2018-2026 (USD 000’)

TABLE 2 GLOBAL FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026, (USD 000′)

TABLE 3 GLOBAL FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (KW)

TABLE 4 UNINTERRUPTIBLE POWER SUPPLY (UPS) FLYWHEEL ENERGY STORAGE MARKET BY GEOGRAPHY, 2018-2026 (USD 000’)

TABLE 5 UNINTERRUPTIBLE POWER SUPPLY (UPS) FLYWHEEL ENERGY STORAGE MARKET BY GEOGRAPHY 2018–2026 (KW)

TABLE 6 DISTRIBUTED ENERGY GENERATION FLYWHEEL ENERGY STORAGE MARKET BY GEOGRAPHY 2018-2026 (USD 000’)

TABLE 7 DISTRIBUTED ENERGY GENERATION FLYWHEEL ENERGY STORAGE MARKET BY GEOGRAPHY 2018-2026 (KW)

TABLE 8 TRANSPORT FLYWHEEL ENERGY STORAGE MARKET BY GEOGRAPHY 2018-2026 (USD 000’)

TABLE 9 TRANSPORT FLYWHEEL ENERGY STORAGE MARKET BY GEOGRAPHY 2018-2026 (KW)

TABLE 10 DATA CENTRES FLYWHEEL ENERGY STORAGE MARKET BY GEOGRAPHY 2018-2026 (USD 000’)

TABLE 11 DATA CENTRES FLYWHEEL ENERGY STORAGE MARKET BY GEOGRAPHY 2018-2026 (KW)

TABLE 12 OTHERS FLYWHEEL ENERGY STORAGE MARKET BY GEOGRAPHY 2018-2026 (USD 000’)

TABLE 13 OTHERS FLYWHEEL ENERGY STORAGE MARKET BY GEOGRAPHY 2018-2026 (KW)

TABLE 14 GLOBAL FLYWHEEL ENERGY STORAGE MARKET BY GEOGRAPHY 2018-2026 (USD 000’)

TABLE 15 NORTH AMERICA FLYWHEEL ENERGY STORAGE MARKET BY COUNTRIES 2018-2026 (USD 000’)

TABLE 16 NORTH AMERICA FLYWHEEL ENERGY STORAGE MARKET BY COUNTRIES 2018-2026 (KW)

TABLE 17 NORTH AMERICA FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)

TABLE 18 NORTH AMERICA FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (KW)

TABLE 19 U.S. FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)

TABLE 20 U.S. FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (KW)

TABLE 21 REST OF NORTH AMERICA FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)

TABLE 22 REST OF NORTH AMERICA FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (KW)

TABLE 23 EUROPE FLYWHEEL ENERGY STORAGE MARKET BY COUNTRIES 2018-2026 (USD 000’)

TABLE 24 EUROPE FLYWHEEL ENERGY STORAGE MARKET BY COUNTRIES 2018-2026 (KW)

TABLE 25 EUROPE FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)

TABLE 26 EUROPE FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (KW)

TABLE 27 GERMANY FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)

TABLE 28 GERMANY FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (KW)

TABLE 29 U.K. FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)

TABLE 30 U.K. FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (KW)

TABLE 31 SPAIN FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)

TABLE 32 SPAIN FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (KW)

TABLE 33 REST OF EUROPE FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)

TABLE 34 REST OF EUROPE FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (KW)

TABLE 35 ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET BY COUNTRIES 2018-2026 (USD 000’)

TABLE 36 ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET BY COUNTRIES (KW)

TABLE 37 ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)

TABLE 38 ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (KW)

TABLE 39 CHINA FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)

TABLE 40 CHINA FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (KW)

TABLE 41 INDIA FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)

TABLE 42 INDIA FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (KW)

TABLE 43 JAPAN FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)

TABLE 44 JAPAN FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (KW)

TABLE 45 REST OF ASIA-PACIFIC FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)

TABLE 46 REST OF ASIA-PACIFIC FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (KW)

TABLE 47 SOUTH AMERICA FLYWHEEL ENERGY STORAGE MARKET BY COUNTRIES 2018-2026 (USD 000’)

TABLE 48 SOUTH AMERICA FLYWHEEL ENERGY STORAGE MARKET BY COUNTRIES 2018-2026 (KW)

TABLE 49 SOUTH AMERICA FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)

TABLE 50 SOUTH AMERICA FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (KW)

TABLE 51 BRAZIL FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)

TABLE 52 BRAZIL FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (KW)

TABLE 53 REST OF SOUTH AMERICA FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)

TABLE 54 REST OF SOUTH AMERICA FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (KW)

TABLE 55 MEA FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)

TABLE 56 MEA FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (KW)

 

FIGURE LIST

FIGURE 1 GLOBAL FLYWHEEL ENERGY STORAGE MARKET 2018-2026 (USD 000’)

FIGURE 2 ENERGY STORAGE MARKET IN THE U.S., 2013 – 2015 (KW)

FIGURE 3 GLOBAL AUTOMOTIVE SALES, 2012 – 2015 (MILLION UNITS)

FIGURE 4 GLOBAL STORAGE ANALYSIS, 2016 ($ MILLION)

FIGURE 5 UNINTERRUPTIBLE POWER SUPPLY FLYWHEEL ENERGY STORAGE MARKET 2018-2026 (USD 000’)

FIGURE 6 DISTRIBUTED ENERGY GENERATION FLYWHEEL ENERGY STORAGE MARKET 2018-2026 (USD 000’)

FIGURE 7 TRANSPORT FLYWHEEL ENERGY STORAGE MARKET 2018-2026 (USD 000’)

FIGURE 8 DATA CENTRES FLYWHEEL ENERGY STORAGE MARKET 2018-2026 (USD 000’)

FIGURE 9 OTHER FLYWHEEL ENERGY STORAGE MARKET 2018-2026 (USD 000’)

FIGURE 10 US FLYWHEEL ENERGY STORAGE MARKET 2018-2026 (USD 000’)

FIGURE 11 CANADA FLYWHEEL ENERGY STORAGE MARKET 2018-2026 (USD 000’)

FIGURE 12 GERMANY FLYWHEEL ENERGY STORAGE MARKET 2018-2026 (USD 000’)

FIGURE 13 UK FLYWHEEL ENERGY STORAGE MARKET 2018-2026 (USD 000’)

FIGURE 14 SPAIN FLYWHEEL ENERGY STORAGE MARKET 2018-2026 (USD 000’)

FIGURE 15 REST OF EUROPE FLYWHEEL ENERGY STORAGE MARKET 2018-2026 (USD 000’)

FIGURE 16 CHINA FLYWHEEL ENERGY STORAGE MARKET 2018-2026 (USD 000’)

FIGURE 17 INDIA FLYWHEEL ENERGY STORAGE MARKET 2018-2026 (USD 000’)

FIGURE 18 JAPAN FLYWHEEL ENERGY STORAGE MARKET 2018-2026 (USD 000’)

FIGURE 19 REST OF ASIA PACIFIC FLYWHEEL ENERGY STORAGE MARKET 2018-2026 (USD 000’)

FIGURE 20 BRAZIL FLYWHEEL ENERGY STORAGE MARKET 2018-2026 (USD 000’)

FIGURE 21 REST OF LATIN AMERICA FLYWHEEL ENERGY STORAGE MARKET 2018-2026 (USD 000’)

  1. GLOBAL FLYWHEEL ENERGY STORAGE MARKET BY APPLICATION 2018-2026 (USD 000’)
    • UNINTERRUPTIBLE POWER SUPPLY
    • DISTRIBUTED ENERGY GENERATION
    • TRANSPORT
    • DATA CENTRES
    • OTHERS
  2. GLOBAL FLYWHEEL ENERGY STORAGE MARKET BY GEOGRAPHY 2018-2026 (USD 000’)
    • NORTH AMERICA
      • US
      • CANADA
    • EUROPE
      • GERMANY
      • UK
      • SPAIN
      • FRANCE
      • ITALY
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • INDIA
      • JAPAN
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • LATIN AMERICA
      • BRAZIL
      • REST OF LATIN AMERICA
    • MIDDLE EAST & AFRICA

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