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Flywheel Energy Storage Market Analysis By Application (UPS, Distributed Energy Generation, Transport, Data Centers,) And Segment Forecasts To 2024

Flywheel Energy Storage Market Analysis By Application (UPS, Distributed Energy Generation, Transport, Data Centers,) And Segment Forecasts To 2024

The global flywheel energy storage market is projected to reach USD 477.8 million by 2024, according to a new report by Grand View Research, Inc. Increasing demand for uninterrupted power supply and growing energy storage industry are expected to fuel the growth of this market. Flywheel systems store and regulate electricity by spinning continuously and hence are used for the majority of the frequency regulation applications. The major difference between photovoltaic solar cells and the flywheel storage systems is that the latter can produce power throughout the day and night.

The data centers segment held the largest share of 16% in terms of applications in 2015. Growing energy storage industry in the U.S. and the European region projected to drive the market. Growing demand for uninterruptible power supply, particularly from the industrial sector, has provided much-needed momentum.

Further key findings from the report suggest

The data centers segment is projected to dominate this industry from 2016 to 2024 and is estimated to reach over USD 65 million by 2024, growing at a CAGR of 7.2%. Continuous, uninterrupted power is a primary requirement for data centers, for which, flywheel energy storage systems are used. Growing commercial workstations, which require a large amount of data to be stored centrally, are driving the market in this application segment. Growing cloud-enabled IT services are expected to propel demand for data centers, thus influencing market growth.

Distributed energy generation is projected to be the fastest growing application segment at a CAGR of 12% from 2016 to 2024. Low cost of power transmission, reduced complexity, and higher efficiency are key characteristics of DEG systems that are preferred over a conventional generation. Also, this method is expected to provide a boost to the use of renewable sources for power generation and reduce the dependency on fossil fuels.

North America was the largest market for flywheel energy storage systems in 2015, with a share of more than 77%. It is projected to witness a steady CAGR from 2016 to 2024. Since this region is home to some of the major IT companies such as Oracle, Cisco Systems, Intel Corp, Google and Microsoft that need storage of large amounts of data centrally, the demand from the data centers segment is projected to increase, by 2024.

Active Power, Amber Kinetics, Inc., Beacon Power, LLC, and Calnetix Technologies, LLC account for the majority of the share in this industry. Other important players include Piller Group GmbH, Powerthru, Power Tree, Temporal Power, and Rotonix USA. Agreements, collaborations, and joint ventures were the most commonly adopted development strategies by these players between 2011 and 2016, in order to consolidate their positions in the industry.


Chapter 1. Methodology And Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
Chapter 3. Market Snapshot
Chapter 4. Market Variables, Trends& Scope
4.1. Market segmentation & scope
4.2. Penetration & growth prospect mapping
4.3. Value Chain Analysis
4.4. Raw Material Trend
4.4.1. Steel
4.4.2. Carbon Fiber
4.5. Market Dynamics
4.5.1. Market Driver Analysis
4.5.1.1. Growing energy storage market
4.5.1.2. Growing demand for uninterruptible power supply (UPS)
4.5.1.3. Growing automobile industry
4.6. Market Restraint Analysis
4.6.1. Growing popularity of battery storage
4.7. Flywheel Energy Storage Market - SWOT Analysis, By Factor (political & legal, economic and technological)
4.8. Industry Analysis - Porter’s
Chapter 5. Market Categorization 1: Application Estimates & Trend Analysis
5.1. Flywheel energy storage market: Application movement analysis
5.2. Uninterruptible Power Supply (UPS)
5.2.1. Uninterruptible Power Supply (UPS) Flywheel Energy Storage Market, 2013 - 2024 (KW) (USD Thousand)
5.3. Distributed Energy Generation
5.3.1. Distributed Energy Generation Flywheel Energy Storage Market, 2013 - 2024 (KW) (USD Thousand)
5.4. Transport
5.4.1. Transport Flywheel Energy Storage Market, 2013 - 2024 (KW) (USD Thousand)
5.5. Data Centers
5.5.1. Data Center Flywheel Energy Storage Market, 2013 - 2024 (KW) (USD Thousand)
5.6. Others (other frequency regulation applications)
5.6.1. Others Flywheel Energy Storage Market, 2013 - 2024 (KW) (USD Thousand)
Chapter 6. Market Categorization 3: Regional Estimates & Trend Analysis, by Product & Application
6.1. Flywheel energy storage market share by region, 2015 & 2024
6.2. North America Flywheel energy storage market by region 2013 & 2024
6.2.1. U.S Flywheel energy storage market by application, 2013 to 2024
6.3. Europe Flywheel energy storage market by region 2013 & 2024
6.3.1. Germany Flywheel energy storage market by application 2013 & 2024
6.3.2. UK Flywheel energy storage market by application 2013 & 2024
6.4. Asia Pacific Flywheel energy storage market by region 2013 & 2024
6.4.1. South Korea Flywheel energy storage market by application 2013 & 2024
6.4.2. Japan Flywheel energy storage market by application 2013 & 2024
6.5. Central & South America (CSA) Flywheel energy storage market by region 2013 & 2024
6.5.1. Brazil Flywheel energy storage market by application 2013 & 2024
6.6. MEA Flywheel energy storage market by region 2013 & 2024
Chapter 7. Competitive Landscape
7.1. Market Share Analysis
7.2. Vendor Landscape
7.3. Competitive Environment- Snapshot
7.4. Company Market Positioning
7.5. Strategic & Enabling Pillars
7.6. Strategic Developments by Major Players, 2011 - 2016
Chapter 8. Company Profiles
8.1. Active Power
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Amber Kinetics, Inc.
8.2.1. Company Overview
8.2.2. Product Benchmarking
8.2.3. Strategic Initiatives
8.3. Beacon Power, LLC
8.3.1. Company Overview
8.3.2. Product Benchmarking
8.3.3. Strategic Initiatives
8.4. Calnetix Technologies, LLC
8.4.1. Company Overview
8.4.2. Product Benchmarking
8.4.3. Strategic Initiatives
8.5. Piller Group GmbH
8.5.1. Company Overview
8.5.2. Product Benchmarking
8.5.3. Strategic Initiatives
8.6. Powerthru
8.6.1. Company Overview
8.6.2. Product Benchmarking
8.7. Power Tree
8.7.1. Company Overview
8.7.2. Product Benchmarking
8.7.3. Strategic Initiatives
8.8. Temporal Power Ltd
8.8.1. Company Overview
8.8.2. Product Benchmarking
8.8.3. Strategic Initiatives
8.9. Rotonix USA, Inc.
8.9.1. Company Overview
8.9.2. Product Benchmarking
8.10. Pentadyne Power Corporation
8.10.1. Company Overview
8.10.2. Product Benchmarking
8.11. VYCON, Inc.
8.11.1. Company Overview
8.11.2. Product Benchmarking
List of Tables
1. North America flywheel energy storage market, by application, 2013 - 2024 (KW)
2. North America flywheel energy storage market, by application, 2013 - 2024 (USD Thousand)
3. U.S flywheel energy storage market, by application, 2013 - 2024 (KW)
4. U.S flywheel energy storage market, by application, 2013 - 2024 (USD Thousand)
5. Europe flywheel energy storage market, by application, 2013 - 2024 (KW)
6. Europe flywheel energy storage market, by application, 2013 - 2024 (USD Thousand)
7. Germany flywheel energy storage market, by application, 2013 - 2024 (KW)
8. Germany flywheel energy storage market, by application, 2013 - 2024 (USD Thousand)
9. UK flywheel energy storage market, by application, 2013 - 2024 (KW)
10. UK flywheel energy storage market, by application, 2013 - 2024 (USD Thousand)
11. Asia Pacific flywheel energy storage market, by application, 2013 - 2024 (KW)
12. Asia Pacific flywheel energy storage market, by application, 2013 - 2024 (USD Thousand)
13. Japan flywheel energy storage market, by application, 2013 - 2024 (KW)
14. Japan flywheel energy storage market, by application, 2013 - 2024 (USD Thousand)
15. South Korea flywheel energy storage market, by application, 2013 - 2024 (KW)
16. South Korea flywheel energy storage market, by application, 2013 - 2024 (USD Thousand)
17. Central & South America flywheel energy storage market, by application, 2013 - 2024 (KW)
18. Central & South America flywheel energy storage market, by application, 2013 - 2024 (USD Thousand)
19. Brazil flywheel energy storage market, by application, 2013 - 2024 (KW)
20. Brazil flywheel energy storage market, by application, 2013 - 2024 (USD Thousand)
21. MEA flywheel energy storage market, by application, 2013 - 2024 (KW)
22. MEA flywheel energy storage market, by application, 2013 - 2024 (USD Thousand)
List of Figures
1. Market summary
2. Market trends & outlook
3. Market segmentation & scope
4. Penetration & growth prospect mapping
5. Flywheel Energy Storage Value Chain Analysis
6. Top 5 Steel Producing Countries, 2014 and 2015
7. Carbon Fiber Demand, 2009 - 2015
8. Market driver relevance analysis (Current & future impact)
9. Energy Storage Market in the U.S., 2013 - 2015 (MW)
10. Global Automotive Sales, 2012 - 2015 (Million Units)
11. Market restraint relevance analysis (Current & future impact)
12. Global Storage Installation, 2014
13. SWOT Analysis, By Factor (political & legal, economic and technological)
14. Porter’s Five Forces Analysis
15. Flywheel energy storage market application outlook key takeaways
16. Flywheel energy storage market: Application movement analysis (USD Thousand)
17. Uninterruptible Power Supply (UPS) Flywheel Energy Storage Market, 2013 - 2024 (KW) (USD Thousand)
18. Distributed Energy Generation Flywheel Energy Storage Market, 2013 - 2024 (KW) (USD Thousand)
19. Transport Flywheel Energy Storage Market, 2013 - 2024 (KW) (USD Thousand)
20. Data Centers Flywheel Energy Storage Market, 2013 - 2024 (KW) (USD Thousand)
21. Others Flywheel Energy Storage Market, 2013 - 2024 (KW) (USD Thousand)
22. Regional Flywheel energy storage market place: Key takeaways
23. Regional outlook, 2015 & 2024
24. U.S. country outlook, 2013 to 2024 (USD thousand) (KW)
25. Germany country outlook, 2013 to 2024 (USD thousand) (KW)
26. UK country outlook, 2013 to 2024 (USD thousand) (KW)
27. South Korea country outlook, 2013 to 2024 (USD thousand) (KW)
28. Japan country outlook, 2013 to 2024 (USD thousand) (KW)
29. Brazil country outlook, 2013 to 2024 (USD thousand) (KW)
30. Strategic developments by players, 2011 to 2016
31. Strategies adopted by players, 2011 to 2016

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