Home > Energy & Power > Energy Storage Systems > Electro-Mechanical Energy Storage Systems Market

Electro-Mechanical Energy Storage Systems Market Share

Report ID: GMI9949
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Electro-mechanical Energy Storage Systems Market Share

Toshiba, ABB, and Siemens hold significant market share in the electro-mechanical energy storage systems industry since these companies possess extensive experience and expertise in electromechanical systems, including energy storage technologies. They have invested heavily in research and development, leading to innovations that enhance efficiency, reliability, and scalability of energy storage solutions.

Electro-mechanical Energy Storage Systems Market Companies

Major players operating in the electro-mechanical energy storage systems industry are:

AES Corporation
ABB
Duracell, Inc.
Duke Energy
Furukawa Battery Co., Ltd.
Fluence
General Electric
Hitachi Energy Ltd.
Johnson Controls
LG Energy Solutions
Nextra Energy
Panasonic Corporation
Samsung SDI Co., Ltd
SCHMID Group
Sonnen
Siemens
Toshiba Corporation

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of electro-mechanical energy storage systems reached USD 2.4 billion and is set to witness 8% CAGR through 2032, owing to the increasing demand for renewable energy integration and grid stability.

The flywheel segment will generate USD 1.5 billion by 2032, on account of its superior characteristics such as high efficiency, rapid response times, and long operational lifetimes.

Europe market is anticipated to surpass USD 2 billion by 2032, due to robust government support, stringent environmental regulations, and rapid adoption of renewable energy technologies.

AES Corporation, ABB, Duracell, Inc., Duke Energy, Furukawa Battery Co., Ltd., Fluence, General Electric, Hitachi Energy Ltd., Johnson Controls, LG Energy Solutions, Nextra Energy, and Panasonic Corporation among others.