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Flywheel Energy Storage Market Share

Report ID: GMI6188
Published Date: Jul 2023
Report Format: PDF

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Flywheel Energy Storage Market Analysis

Some of the key market players operating across the flywheel energy storage market are:

Langley Holdings plc
Amber Kinetics, Inc
POWERTHRU
STORNETIC GmbH
Adaptive Balancing Power GmbH
Energiestro
VYCON
Bc New Energy (Tianjin) Co., Ltd (BNE)
PUNCH Flybrid,
OXTO Energy

Major manufacturers across Asia Pacific and the U.S. are inclined toward mergers & acquisitions, strategic collaborations, partnerships, and joint ventures to further gain a competitive advantage in the market.

Authors: Ankit Gupta, Vinayak Shukla

Frequently Asked Questions (FAQ) :

The market size of flywheel energy storage was valued at USD 1.3 billion in 2022 and will record 2.4% CAGR from 2023 from 2032 due to rising application in various sectors including grid energy storage, uninterruptible power supply (UPS), renewable integration, and electric transportation

The utility application segment of flywheel energy storage market exceeded USD 700 million in 2022 driven by the rising need for integrating renewable energy sources, managing peak demand, and maintaining grid stability.

The European market for flywheel energy storage may witness over 2% CAGR through 2032 owing to the significant increase in renewable energy generation, particularly from sources including wind and solar power

Some of the major flywheel energy storage companies include Langley Holdings plc, Amber Kinetics, Inc., POWERTHRU, STORNETIC GmbH, Adaptive Balancing Power GmbH, Energiestro, VYCON, Bc New Energy (Tianjin) Co., Ltd. (BNE), PUNCH Flybrid, and OXTO Energy.