IndustryARC™

Global Flywheel Energy Storage Market is set to grow at a CAGR of 19.6% during the period 2016-2020

Press Release   •   May 17, 2016 18:45 EDT

A flywheel energy storage system is a mechanical battery that stores kinetic energy in the form of a rotating mass. In the flywheel energy storage system, a flywheel or rotor is accelerated at a high speed and the energy is maintained as rotational energy. The speed of this system is reduced when the energy is extracted from the system. 

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MarketIntelReports analysts forecast the global flywheel energy storage market to grow at a CAGR of 19.6% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global flywheel energy storage market for 2016-2020. To calculate the market size, the report considers flywheels used in the following applications:

  • Uninterrupted power supply (UPS)
  • Load following for distributed generation
  • Transportation
  • Others

MarketIntelReports report, Global Flywheel Energy Storage Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key vendors

  • Active Power
  • Beacon Power
  • Calnetix Technologies
  • EnSync Energy

Other prominent vendors

  • Acumentrics
  • Piller
  • Power Thru
  • Power Tree

Market driver

  • Government support
  • For a full, detailed list, view our report

Market challenge

  • High initial cost
  • For a full, detailed list, view our report

Market trend

  • Growing use of renewable sources
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

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You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.

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