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The Global Mechanical Energy Storage Market is expected to grow by 58.27 GW during 2021-2025 progressing at a CAGR of 6% during the forecast period

ReportLinker
·2-min read

Global Mechanical Energy Storage Market 2021-2025 The analyst has been monitoring the mechanical energy storage market and it is poised to grow by 58. 27 GW during 2021-2025 progressing at a CAGR of 6% during the forecast period.

New York, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Mechanical Energy Storage Market 2021-2025" - https://www.reportlinker.com/p05691272/?utm_source=GNW
Our report on mechanical energy storage market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing energy storage requirement, government initiatives to promote energy storage, and change in energy mix. In addition, growing energy storage requirement is anticipated to boost the growth of the market as well.
The mechanical energy storage market analysis includes technology segment and geographical landscapes.

The mechanical energy storage market is segmented as below:
By Technology
• Pumped hydroelectric
• Flywheel
• Others

By Geographical Landscapes
• APAC
• North America
• Europe
• South America
• MEA

This study identifies the renewables integration with energy storage as one of the prime reasons driving the mechanical energy storage market growth during the next few years. Also, flywheel energy storage for transportation and growing need for continuous power supply will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on mechanical energy storage market covers the following areas:
• Mechanical energy storage market sizing
• Mechanical energy storage market forecast
• Mechanical energy storage market industry analysis


Read the full report: https://www.reportlinker.com/p05691272/?utm_source=GNW

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