Press release
Mechanical Energy Storage Market 2018-2023 | Global Key Player: Voith GmbH, Sulzer Ltd., DeWalt,, Ingersoll Rand, Hitachi, Ltd., Porter-Cable, Kirloskar Pneumatic Co Ltd., Atlas Copco AB, Active Power Inc, Beacon Power, Powerthru and Schwungrad Energie Li
Mechanical energy storage has been by far the largest form of energy storage around the world so far as it is comprised of systems such as, pumped hydro storage (PHS), compressed air energy storage (CAES) and flywheels. These systems are extensively used and are beneficial on large scale in various industrial, commercial and residential uses.
Mechanical energy storage is an essential part of our modern life for storing energy, which surrounds various common aspects, such as hydro power plant over a dam, flywheel in an automotive engine and compressed air stored in large repositories. All these systems include a range of technologies and techniques for storing energy for use at a later time. Mechanical energy storage systems have a great potential to grow, owing to its numerous beneficial factors such as, backup energy storage and cheap & effective source of energy. However, disapproval of governments in initiating capital inducement projects, can hinder the mechanical energy storage market. Also, the high cost of pumped hydro storage infrastructure with safety concern regarding it and the development of modern technology with alternative product launch can restrain global mechanical energy storage market.
The Global Mechanical Energy Storage Market is expected to grow at a CAGR of 6.5% during the forecast period.
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Study Objectives of Global Mechanical Energy Storage Market:
• To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global mechanical energy storage market
• To provide insights about factors affecting the market growth
• To analyze the global mechanical energy storage market based on various tools such as Supply Chain Analysis, and Porter’s Five Forces Analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segments by material type, product, application and region
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the mechanical energy storage market
Global Mechanical Energy Storage Market:
Currently, the mechanical energy storage market is in the growth stage. This is due to the increase in demand for power, and cross-border power transmission, global initiatives to use more renewable and non-conventional energy sources, smart grids, & the global need to restrict carbon emission will boost the global mechanical energy storage market. The Asia-Pacific region is the leading market for energy storage market and is followed by Europe and North-America.
Key Players:
The key players of global mechanical energy storage market are Voith GmbH (Germany), Sulzer Ltd. (Switzerland), DeWalt, (U.S), Ingersoll Rand (U.S), Hitachi, Ltd. (Japan), Porter-Cable (U.S), Kirloskar Pneumatic Co Ltd. (India), Atlas Copco AB (Sweden), Active Power Inc.(U.S), Beacon Power (U.S), Powerthru (Canada) and Schwungrad Energie Limited, (Ireland).
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Intended Audience:
• Distributer & Supplier companies
• End Users
• Consultants and Investment bankers
• Government as well as Independent Regulatory Authorities
Product Analysis:
• Product matrix which gives a detailed comparison of the market for different recycled product types
Additional Information:
• Regulatory Landscape
• Pricing Analysis
• Macroeconomic Indicators
Geographic Analysis:
• Geographical analysis across 15 countries
Company Information:
• Profiling of 12 key market players
• In-depth analysis including SWOT analysis, and strategy information of related to report title
• Competitive landscape including emerging trends adopted by major companies
The report for Global Mechanical Energy Storage Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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