Press release
Flywheel Energy Storage Market Qualitative Analysis of the Leading Players 2021 - ABB Ltd, Active Power Solutions Ltd, Amber Kinetics, etc.
Flywheel Energy Storage Market
The flywheel energy storage market is projected to grow rapidly, backed by the growing demand for clean and renewable energy worldwide. These systems are widely used to store and supply kinetic energy, particularly from renewable sources. Further, energy storage has become a significant focus of attention because of the rapid increase in electricity demand in many parts of the world. Flywheel energy storage has gained significant traction in the past few years. Itis expected to witness huge demand from the growing commercial and residential infrastructure owing to its profound advantages.
The ongoing demand for uninterrupted electricity to support industrial and residential activities and the rising burden of the huge cost of power cuts on the manufacturing plants are major factors accelerating the market growth. According to the International Energy Agency (IEA), by 2035, the developing nations will represent 80% of the total growth in energy production and consumption. The flywheel energy storage system's lower environmental impact is further banking the market growth in the coming years. Several fundamental factors contribute to the demand for low-cost energy storage solutions, such as the need for new infrastructure and the improvement of existing grids.
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The Major Manufacturers Covered in this Report:
ABB Ltd, Active Power Solutions Ltd, Amber Kinetics, Inc., Beacon Power, LLC, Vycon, Inc., POWERTHRU (Phillips Service Industries, Inc.), STORNETIC GmbH, OXTO Energy, Energiestro, Piller UK Limited, Kinetech Power Systems S.A. and more...
Years that have been considered for the study of this report are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2021 to 2029
Market Segmentation:
By Rim Type
Solid Steel
Carbon Composite
By Application
Power Distribution
Hybrid and Electric Vehicles
UPS
Microgrids
Distributed Energy Generation
Others
By End-User
Healthcare
Transportation
Utilities and Renewables
Telecommunication
Data Centers
Industrial and Manufacturing
Others
Regional Segmentation:
North America (The US, Canada, and Mexico)
Europe (Germany, France, the UK, and Rest of the World)
Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
Latin America (Brazil and Rest of Latin America.)
Middle East & Africa (Saudi Arabia, the UAE, South Africa, and Rest of Middle East & Africa)
Additionally, the analysis also delivers a comprehensive review of the crucial players on the Flywheel Energy Storage Market along with their company profiles, SWOT analysis, latest advancement and business plans.
The analysis objectives of the report are:
To equitably share in-depth info regarding the crucial elements impacting the increase of industry (growth capacity, chances, drivers and industry specific challenge and risks).
To know the Flywheel Energy Storage Market by pinpointing its many sub segments.
To profile the important players and analyze their growth plans.
To endeavor the amount and value of the Flywheel Energy Storage Market sub-markets, depending on key regions (various vital states).
To analyze the Global Flywheel Energy Storage Market concerning growth trends, prospects and also their participation in the entire sector.
To examine and study the Global Flywheel Energy Storage Market size (volume and value) form the company, essential regions/countries, products and applications, background information and also predictions.
Primary worldwide Global Flywheel Energy Storage Market manufacturing companies, to specify, clarify and analyze the product sales amount, value and market share, market rivalry landscape, SWOT analysis and development plans for the next coming years.
To examine competitive progress such as expansions, arrangements, new product launches and acquisitions on the market.
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Straits Research is a leading market research and market intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & market research reports.
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