Global Mechanical Energy Storage Market 2021-2025

Global Mechanical Energy Storage Market 2021-2025

Technavio has been monitoring the mechanical energy storage market and it is poised to grow by 58.27 GW during 2021-2025 progressing at a CAGR of 6% during the forecast period. Our report on mechanical energy storage market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing energy storage requirement, government initiatives to promote energy storage, and change in energy mix. In addition, growing energy storage requirement is anticipated to boost the growth of the market as well.

The mechanical energy storage market analysis includes technology segment and geographical landscapes.

Technavio's mechanical energy storage market is segmented as below:

By Technology

  • Pumped hydroelectric
  • Flywheel
  • Others
By Geographical Landscapes
  • APAC
  • North America
  • Europe
  • South America
  • MEA
This study identifies the renewables integration with energy storage as one of the prime reasons driving the mechanical energy storage market growth during the next few years. Also, flywheel energy storage for transportation and growing need for continuous power supply will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on mechanical energy storage market covers the following areas:
  • Mechanical energy storage market sizing
  • Mechanical energy storage market forecast
  • Mechanical energy storage market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading mechanical energy storage market vendors that include ABB Ltd., Andritz AG, Beacon Power LLC, General Electric Co., Gilbert Gilkes & Gordon Ltd., Hitachi Ltd., Melrose Industries Plc, Siemens AG, STORNETIC GmbH, and Toshiba Corp.. Also, the mechanical energy storage market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.


  • Executive Summary
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market characteristics
    • Value chain analysis
      • Table Value chain analysis: Global renewable electricity market
      • Inputs
      • Operations
      • Distribution and logistics
      • Marketing and sales
      • Aftermarket and service
      • Industry innovations:
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025
      • Estimating growth rates for emerging and high-growth markets
      • Estimating growth rates for mature markets
        • Table Global - Market size and forecast 2020 - 2025 (GW)
        • Table Global market: Year-over-year growth 2020 - 2025 (%)
  • Five Forces Analysis
    • Five Forces Summary
      • Table Five forces analysis 2020 & 2025
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2020
  • Market Segmentation by Technology
    • Market segments
      • Table Technology - Market share 2020-2025 (%)
    • Comparison by Technology
      • Table Comparison by Technology
    • Pumped hydroelectric energy storage - Market size and forecast 2020-2025
      • Table Pumped hydroelectric energy storage - Market size and forecast 2020-2025 (GW)
      • Table Pumped hydroelectric energy storage - Year-over-year growth 2020-2025 (%)
    • Flywheel energy storage - Market size and forecast 2020-2025
      • Table Flywheel energy storage - Market size and forecast 2020-2025 (GW)
      • Table Flywheel energy storage - Year-over-year growth 2020-2025 (%)
    • Others - Market size and forecast 2020-2025
      • Table Others - Market size and forecast 2020-2025 (GW)
      • Table Others - Year-over-year growth 2020-2025 (%)
    • Market opportunity by Technology
      • Table Market opportunity by Technology
  • Customer landscape
    • Table Customer landscape
  • Geographic Landscape
    • Geographic segmentation
      • Table Market share by geography 2020-2025 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2020-2025
      • Table APAC - Market size and forecast 2020-2025 (GW)
      • Table APAC - Year-over-year growth 2020-2025 (%)
    • North America - Market size and forecast 2020- 2025
      • Table North America - Market size and forecast 2020-2025 (GW)
      • Table North America - Year-over-year growth 2020-2025 (%)
    • Europe - Market size and forecast 2020-2025
      • Table Europe - Market size and forecast 2020-2025 (GW)
      • Table Europe - Year-over-year growth 2020-2025 (%)
    • South America - Market size and forecast 2020- 2025
      • Table South America - Market size and forecast 2020-2025 (GW)
      • Table South America - Year-over-year growth 2020-2025 (%)
    • MEA - Market size and forecast 2020-2025
      • Table MEA - Market size and forecast 2020-2025 (GW)
      • Table MEA - Year-over-year growth 2020-2025 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity by geography
      • Table Market opportunity by geography (GW)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Growing energy storage requirement
      • Government initiatives to promote energy storage
      • Change in the energy mix
    • Market challenges
      • Increasing energy storage alternatives
      • High upfront costs
      • High regulatory barriers
        • Table Impact of drivers and challenges
    • Market trends
      • Renewables integration with energy storage
      • Flywheel energy storage for transportation
      • Growing need for continuous power supply
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
      • Table Industry risks
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Market positioning of vendors
    • ABB Ltd.
      • Table ABB Ltd. - Overview
      • Table ABB Ltd. - Business segments
      • Table ABB Ltd. - Key news
      • Table ABB Ltd. - Key offerings
      • Table ABB Ltd. - Segment focus
    • Andritz AG
      • Table Andritz AG - Overview
      • Table Andritz AG - Business segments
      • Table Andritz AG - Key news
      • Table Andritz AG - Key offerings
      • Table Andritz AG - Segment focus
    • Beacon Power LLC
      • Table Beacon Power LLC - Overview
      • Table Beacon Power LLC - Product and service
      • Table Beacon Power LLC - Key news
      • Table Beacon Power LLC - Key offerings
    • General Electric Co.
      • Table General Electric Co. - Overview
      • Table General Electric Co. - Business segments
      • Table General Electric Co. - Key news
      • Table General Electric Co. - Key offerings
      • Table General Electric Co. - Segment focus
    • Gilbert Gilkes & Gordon Ltd.
      • Table Gilbert Gilkes & Gordon Ltd. - Overview
      • Table Gilbert Gilkes & Gordon Ltd. - Product and service
      • Table Gilbert Gilkes & Gordon Ltd. - Key news
      • Table Gilbert Gilkes & Gordon Ltd. - Key offerings
    • Hitachi Ltd.
      • Table Hitachi Ltd. - Overview
      • Table Hitachi Ltd. - Business segments
      • Table Hitachi Ltd. - Key news
      • Table Hitachi Ltd. - Key offerings
      • Table Hitachi Ltd. - Segment focus
    • Melrose Industries Plc
      • Table Melrose Industries Plc - Overview
      • Table Melrose Industries Plc - Business segments
      • Table Melrose Industries Plc - Key news
      • Table Melrose Industries Plc - Key offerings
      • Table Melrose Industries Plc - Segment focus
    • Siemens AG
      • Table Siemens AG - Overview
      • Table Siemens AG - Business segments
      • Table Siemens AG - Key news
      • Table Siemens AG - Key offerings
      • Table Siemens AG - Segment focus
    • STORNETIC GmbH
      • Table STORNETIC GmbH - Overview
      • Table STORNETIC GmbH - Product and service
      • Table STORNETIC GmbH - Key offerings
    • Toshiba Corp.
      • Table Toshiba Corp. - Overview
      • Table Toshiba Corp. - Business segments
      • Table Toshiba Corp.- Key news
      • Table Toshiba Corp. - Key offerings
      • Table Toshiba Corp. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research Methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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