Flywheel Energy Storage Industry Gaining Momentum

Flywheel Energy Storage Industry Gaining Momentum – What’s Next?

Posted 2025-03-05 10:19:31

Global Flywheel Energy Storage System Market Poised for Significant Growth

The Global Flywheel Energy Storage System Market is experiencing substantial growth, driven by the increasing demand for reliable and clean energy solutions. Valued at approximately $351.14 million in 2023, the market is projected to reach around $583.31 million by 2030, exhibiting a Compound Annual Growth Rate (CAGR) of 7.52% during the forecast period.

Competitive Landscape

The flywheel energy storage market is characterized by a mix of established companies and emerging players striving to enhance their market positions. Leading companies are actively engaging in mergers and acquisitions, strategic alliances, and partnerships to expand their market shares.

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Regional Demand Highlights

The Asia Pacific region is expected to witness significant growth in the flywheel energy storage market, driven by rapid industrialization, urbanization, and increasing investments in renewable energy sources. Similarly, North America and Europe are also anticipated to experience substantial demand due to the growing emphasis on sustainable energy solutions and supportive regulatory frameworks.The Asia Pacific region presents lucrative opportunities for the flywheel energy storage market, attributed to the rising popularity of electric vehicles (EVs) and the increasing demand for energy storage in regenerative braking systems to reduce carbon emissions.

Segmentation Analysis

by Application

Uninterruptible Power Supply (UPS)
Distributed Energy Generation (DEG)
Automotive
Data Center
Defense
Aerospace

The market for flywheel energy storage systems is divided into six categories: distributed energy generation (DEG), automotive, data centers, defense, aerospace, and uninterruptible power supply (UPS).

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Key Market Participants:

1. Active Power
2. Amber Kinetics Inc.
3. Beacon Power LLC.
4. Calnetix Technologies, LLC.
5. Piller Group GmbH
6. Powerthru
7. Vycon, Inc.
8. Stornetic GmbH
9. Energiestro
10. Oxto Energy
11. Langley Holding PLC
12. Schwungrad Energie Ltd.
13. Phillips Service Industries Inc.
14. Kinetic Traction Systems
15. Beijing Qifeng
16. Punch Flybrid
17. BC New Energy

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