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NORTH AMERICA FLYWHEEL ENERGY STORAGE MARKET FORECAST 2020-2028

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NORTH AMERICA FLYWHEEL ENERGY STORAGE MARKET FORECAST 2020-2028

The flywheel energy storage market of North America is estimated to record a CAGR of 8.35% in terms of volume during the projected period of 2020-2028. In terms of revenue, the market region is expected to register a CAGR of 7.59% during this period. The increasing demand for UPS systems to maintain the continuous power supply to commercial and industrial applications, and data centers for storing large amounts for data are some of the major factors fueling the market growth in the region. In order to research the North America flywheel energy storage market further, the market region of America is divided into the countries of the US and Canada. In the US, there is a shift from coal-based power generation to a cleaner source of energy.

NORTH AMERICA FLYWHEEL ENERGY STORAGE MARKET FORECAST 2020-2028

North America 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 North America is estimated to record a CAGR of 8.35% in terms of volume during the projected period of 2020-2028. In terms of revenue, the market region is expected to register a CAGR of 7.59% during this period. The increasing demand for UPS systems to maintain the continuous power supply to commercial and industrial applications, and data centers for storing large amounts for data are some of the major factors fueling the market growth in the region.

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In order to research the North America flywheel energy storage market further, the market region of America is divided into the countries of the US and Canada. In the US, there is a shift from coal-based power generation to a cleaner source of energy. In 2017, nearly 50% of the new utility-scale power generation was from renewables like wind and solar. Huge investments are made by these utilities to replace, upgrade, and expand the existing infrastructure. Data storage is one of the primary requirements in IT companies such as Google and Yahoo, and also one of the main reasons for the high demand for data centers in the country. In the US, the problems emerging due to fluctuations and interruptions of power supply have resulted in the growing demand for UPS systems from the commercial sector. For example, Beacon Power deployed a flywheel-based frequency regulation plant of 20MW. The industries such as transportation and aerospace are also increasingly installing flywheels. In 2014, about 90 energy storage incentive programs were deployed. California has commissioned the world’s largest energy storage incentive program, which facilitates the market growth in the region. California and Hawaii control the North American residential energy storage systems market. California also dominates the non-residential energy storage market in the region.

Active Power, headquartered in Austin, Texas, US uses flywheel energy storage technology and manufactures UPS systems. The company operates in Germany, the UK, and China, among others.

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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
      • NORTH AMERICA
        • UNITED STATES
        • CANADA
    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: NORTH AMERICA FLYWHEEL ENERGY STORAGE MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

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

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

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

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

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

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

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

     

    FIGURE LIST

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

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

    FIGURE 8: TYPES OF UPS THAT IMPLEMENT FLYWHEELS

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

    FIGURE 10: FLYWHEEL APPLICATION IN DISTRIBUTED ENERGY GENERATION

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

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

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

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

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

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

    1. GEOGRAPHICAL ANALYSIS
      • NORTH AMERICA
        • UNITED STATES
        • CANADA
    1. MARKET BY APPLICATION
      • UNINTERRUPTIBLE POWER SUPPLY
      • DISTRIBUTED ENERGY GENERATION
      • TRANSPORT
      • DATA CENTRES
      • OTHERS

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