Flywheel Energy Storage System Market Expected to Expand at a Steady CAGR through 2027

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The Flywheel Energy Storage System Market drivers and trends are as follows:

Growing electricity demand across the commercial sector, increasing demand for continuous and clean electricity supply, and rising energy storage industry are some of the factors surging the growth of the flywheel energy storage system market. Moreover, the growing demand for the flywheel energy storage system due to its numerous advantages offered which includes the ability to work in extremely low temperatures, longer life, and high-power density of storing a substantial amount of energy in a short period of time is boosting the growth of the market.

Rapid industrialization and the growing global demand for uninterrupted power supply in factories and industries further accelerate the demand for the flywheels energy storage system. The system is rapidly used for grid balancing and offering power supply to islands and isolated grids. In addition to this, flywheels are increasingly used to replace the typical lead-acid batteries and overcome the lack of intermittent energy supplies, such as solar PV and wind turbines that do not generate 24/7 electricity. This is expected to propel the growth and development of the flywheel energy storage system market. On the other hand, high storage costs regarding flywheel technology and variation in raw material prices will restrain the growth of the market in the upcoming years.

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Key Benefits of the Report:

This report offers an analytical depiction of the flywheel energy storage system market while providing the current trends and future estimations to determine the imminent investment pockets.
This study illustrates every relevant information, including the market drivers, restraints, and emerging opportunities, followed by a detailed analysis of the flywheel energy storage system market share.
The report also provides a detailed flywheel energy storage system market analysis based on competitive intensity and how the competition will take shape over the next six years.

Various companies covered in the Flywheel Energy Storage System Market report:

Langley Holdings Plc
Beacon Power, LLC
Amber Kinetics, Inc.
Calnetix Technologies, LLC
Schwungrad Energie Ltd.
Phillips Service Industries, Inc.
VYCON
STORNETIC GmbH
Energiestro
OXTO Energy

Segmentation of the Flywheel Energy Storage System Market:

Breakup by Application:

UPS
Distributed Energy Generation
Transport
Data Centres
Others

Breakup by Region:

North America

United States of America
Canada

Asia Pacific

China
Japan
India
Rest of APAC

Europe

United Kingdom
Germany
France
Spain
Rest of Europe

Brazil
South Africa
Saudi Arabia
UAE
Rest of the world (remaining countries of the LAMEA region)

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