Flywheel Energy Storage Systems Market Size, Trends, and Key Players – Piller, Stornetic, Calnetix Technologies, POWERTHRU, PUNCH Flybrid, ABB, Bc New Energy, Amber Kinetic, Kinetic Traction Systems

New Jersey, United States,- The Flywheel Energy Storage Systems Market research report is a detailed study of the Flywheel Energy Storage Systems industry that specializes in identifying the growth potential of the Flywheel Energy Storage Systems market and potential opportunities in the market. Secondary research data comes from government publications, expert interviews, reviews, surveys, and trusted journals. The data recorded spans a decade, followed by a systematic review to conduct an in-depth study of influencers in the Flywheel Energy Storage Systems market.

Flywheel Energy Storage Systems Market was valued at USD 302.74 Million in 2019 and is projected to reach USD 534.28 Million by 2027, growing at a CAGR of 7.3% from 2020 to 2027.

The flywheel energy storage systems functions by speeding a flywheel at a very high speed and retaining energy as rotary energy in the device. When the energy is collected, as a result of the theory of energy savings the rotational speed of the fly-wheel is reduced; the additional power to the device results in an increase of the fly-wheel speed. Advanced FES systems are made of composites of high-performance carbon-fiber rotors suspended with magnet bearings and rotated in the vacuum enclosure at speed from 20,000 to over 50,000 rpm. These flywheels can be quicker than any other form of storage in a matter of minutes, hitting their energy capacity much more rapidly.A typical device consists of a flywheel supported by a motor-generator rolling element bearing. A vacuum chamber may contain the float wheel and often the engine generator to minimize friction and energy loss. Flywheel energy storage systems of first generation use an important steel flywheel spinning on mechanical lockers. New systems have a greater strength than stainless steel using carbon-fibre composite rotors that can store much more energy for the same mass.

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The report covers extensive analysis of the key market players in the market, along with their business overview, expansion plans, and strategies. The key players studied in the report include:

Piller, Stornetic, Calnetix Technologies, POWERTHRU, PUNCH Flybrid, ABB, Bc New Energy, Amber Kinetic, Kinetic Traction Systems, Beijing Qifeng.

Flywheel Energy Storage Systems Market Segmentation

Flywheel Energy Storage Systems Market, By End User

• UPS, Distributed Energy Generation
• Transport
• Data centers
• Others

The Flywheel Energy Storage Systems market report has been segmented on the basis of various categories such as product type, application, end-user, and region. Each segment is evaluated based on CAGR, share, and growth potential. In the regional analysis, the report highlights the potential region which is expected to create opportunities in the Flywheel Energy Storage Systems Market in the coming years. 

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Flywheel Energy Storage Systems Market Report Scope 

Report Attribute Details
Market size available for years 2021 – 2028
Base year considered 2021
Historical data 2015 – 2020
Forecast Period 2021 – 2028
Quantitative units Revenue in USD million and CAGR from 2021 to 2028
Segments Covered Types, Applications, End-Users, and more.
Report Coverage Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Customization scope Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Avail of customized purchase options to meet your exact research needs. Explore purchase options

Geographic Segment Covered in the Report:

 • North America (USA and Canada)
 • Europe (UK, Germany, France and the rest of Europe)
 • Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
 • Latin America (Brazil, Mexico, and the rest of Latin America)
 • Middle East and Africa (GCC and rest of the Middle East and Africa)

Key questions answered in the report:

  • What is the growth potential of the Flywheel Energy Storage Systems market?
  • Which product segment will take the lion’s share?
  • Which regional market will emerge as a pioneer in the years to come?
  • Which application segment will experience strong growth?
  • What growth opportunities might arise in the Flywheel Energy Storage Systems industry in the years to come?
  • What are the most significant challenges that the Flywheel Energy Storage Systems market could face in the future?
  • Who are the leading companies on the Flywheel Energy Storage Systems market?
  • What are the main trends that are positively impacting the growth of the market?
  • What growth strategies are the players considering to stay in the Flywheel Energy Storage Systems market?

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