Global Flywheel Energy Storage System Market, By Component (Rotor System, Bearing System, Generator System), By Application (Uninterrupted Power Supply, Power Quality, Frequency Regulation, Voltage Control, & Others), By End User (Transportation, Data Centers, Aerospace, Renewable Energy, Defence, & Others), By Region, Competition Forecast & Opportunities, 2027
New York, July 19, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Flywheel Energy Storage System Market, By Component, By Application, By End User, By Region, Competition Forecast & Opportunities, 2027" - https://www.reportlinker.com/p06293078/?utm_source=GNW
The global flywheel energy storage system market is expected to witness a growth of impressive CAGR in the forecast period, 2023-2027.Worldwide, the number of manufacturing facilities, production hubs, and processing plants is growing as a result of industrialization.
These sectors need a steady supply of electricity to maintain their uninterrupted production. Massive demand for electricity to carry out industrial operations is driving the demand for the global flywheel energy storage system market.
The global flywheel energy storage system market is segmented into component, application, end user, competitive landscape, and regional distribution.Based on application, the market is fragmented into uninterrupted power supply, power quality, frequency regulation, voltage control, & others.
Due to the rising demand for a steady supply of clean electricity across all industrial sectors, uninterrupted power supply (UPS) has established its dominance in the industry and is expected to do so for at least the next five years. This is utilized to ensure that all electronic equipment and devices operate effectively around the clock, even when there is a power outage.
Some of the major players operating in the global flywheel energy storage system market are Active Power Inc., Amber Kinetics, Inc., Beacon Power, LLC, Calnetix Technologies, LLC, Piller Group GmbH, Powerthru, VYCON, Inc., Stornetic GmbH, Energiestro, Oxto Energy, among others. The competitors are continuously involved in research and development and various mergers and acquisitions for the advancement of their product portfolio as well as the growth of the market.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
• To analyze historical growth in market size of global flywheel energy storage systems market from 2017 to 2021.
• To estimate and forecast the market size of global flywheel energy storage systems market from 2022E to 2027F and growth rate until 2027F.
• To classify and forecast global flywheel energy storage system market based on component, application, end user, and regional distribution.
• To identify dominant region or segment in the global flywheel energy storage system market.
• To identify drivers and challenges for global flywheel energy storage system market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global flywheel energy storage system market.
• To identify and analyze the profile of leading players operating in global flywheel energy storage system market.
• To identify key sustainable strategies adopted by market players in global flywheel energy storage system market.
The analyst performed both primary as well as exhaustive secondary research for this study.Initially, the analyst sourced a list of suppliers, and manufacturers across the globe.
Subsequently, the analyst conducted primary research surveys with the identified companies.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the suppliers which could not be identified due to the limitations of secondary research. The analyst examined the vendors, channels, and presence of all major players across the globe.
The analyst calculated the market size of global flywheel energy storage system market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key Target Audience:
• Flywheel energy storage system end users, manufacturers, and other stakeholders
• Distributers and suppliers of flywheel energy storage system
• Organizations, forums, and alliances related to flywheel energy storage system
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as distributors, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, global flywheel energy storage system market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Flywheel Energy Storage System Market, By Component:
o Rotor System
o Bearing System
o Generator System
• Flywheel Energy Storage System Market, By Application:
o Uninterrupted power supply
o Power Quality
o Frequency Regulation
o Voltage Control
• Flywheel Energy Storage System Market, By End User:
o Data Centers
o Renewable Energy
• Flywheel Energy Storage System Market, By Region:
o Asia Pacific
o North America
o South America
o Middle East and Africa
Company Profiles: Detailed analysis of the major companies present in global flywheel energy storage systems market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06293078/?utm_source=GNW
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