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. Flywheel energy storage systems have a longer life, are more reliable, require less maintenance, and have increased efficiency when compared to other energy storage systems.
Technavio's analysts forecast the global flywheel energy storage market to grow at a CAGR of 19.6% during the period 2016-2020.
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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
Technavio's 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.
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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