Press release
Mechanical Energy Storage Market Challenges, Key Players, Industry Segments, Development, Opportunities, Forecast Report 2023
Market HighlightsA mechanical energy storage is a phenomenon normally used to store mechanical energy, which can further be converted into various forms of energy such as, heat energy, electricity etc. as per requirement. The main application of mechanical energy storage is to store energy and propagate it to the end user as per requirement. Mechanical energy storage is widely used by power plants, industrial plants and conventional electric utility companies, automobile and residential users.
Mechanical energy storages are classified based on their end user as industrial, commercial and residential. The industrial application of mechanical energy storage system is extensive as it is used on large scale for this segment. Pumped hydro storage (PHS) accounts for more than 99% of bulk storage capacity worldwide: around 127,000 MW across 200 large sites, globally. Compressed air energy storage (CAES) works best at the production scale of 10MW to 100MW, and is used as a source of flexible resource to deliver continuous load response and peak-generation.
mechanical energy storage market is expected to grow over the CAGR of around 6.5% during the period 2017 to 2023
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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)
• Schwungrad Energie Limited, (Ireland).
Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Mechanical Energy Storage Market Research Report- Forecast to 2023”
Scope of the Report
This study provides an overview of the global mechanical energy storage market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The scope of the study segments the global mechanical energy storage market by its type, by end user and by region.
By Type
• Pumped Hydro Storage (PHS)
• Compressed Air Energy Storage (CAES)
• Flywheels
By End User
• Industrial
• Commercial
• Residential
By Regions
• North America
• Asia Pacific
• Europe
• Rest of the World
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Table of Content
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Mechanical Energy Storage Market, By Type
Continue………
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