North America Flywheel Energy Storage Market Forecast 2017-2025
KEY FINDINGS The North America flywheel energy storage market is estimated to grow at a CAGR of 9.00%, generating a revenue of USD 187,178.8 thousand for the forecast period of 2017-2025.
MARKET INSIGHTS On account of the huge demand from the commercial sector for power storage systems and uninterrupted power supply, the North American region dominated the market in the year 2016. Also, the emerging Data Centers in the region are considerably aiding the market growth potential. Other than this, the market is also predicted to prosper over the forecast period due to its increased application in areas like distribution energy, uninterruptible power supply, and transport. The growth of IT industry in the North American region has significantly benefited the market with countries like the US being its chief contributor.
COMPETITIVE INSIGHTS Amber Kinetics Inc, Powerthru,Calnetix Technologies Llc, Acumentrics Inc, Powertree, Beacon Power Llc, Active Power, and Temporal Power Ltd are some of the key market players in this region.