LONDON–(BUSINESS WIRE)–#FlywheelEnergyStorageMarket–Technavio has been monitoring the global flywheel energy storage market size and it is poised to grow by 527.88 MW during 2020-2024, progressing at a CAGR of 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amber Kinetics Inc., Beacon Power LLC, The Boeing Co., Calnetix Technologies LLC, ENERGIESTRO, Kinetech Power Systems SA de CV, Kinetic Traction Systems Inc., Langley Holdings Plc, Melrose Industries Plc, and Siemens AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The growth in data center construction market has been instrumental in driving the growth of the market. However, competition from fossil fuels might hamper the market growth.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Flywheel Energy Storage Market 2020-2024: Segmentation
Flywheel Energy Storage Market is segmented as below:
-
Technology
- UPS
- Energy Services
- Transportation
- Others
-
Geographic Landscape
- North America
- Europe
- APAC
- MEA
- South America
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Flywheel Energy Storage Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The flywheel energy storage market report covers the following areas:
- Flywheel Energy Storage Market Size
- Flywheel Energy Storage Market Trends
- Flywheel Energy Storage Market Industry Analysis
This study identifies the growth in advanced energy storage market as one of the prime reasons driving the flywheel energy storage market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Flywheel Energy Storage Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist flywheel energy storage market growth during the next five years
- Estimation of the flywheel energy storage market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the flywheel energy storage market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of flywheel energy storage market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Technology
- Market segments
- Comparison by Technology
- UPS – Market size and forecast 2019-2024
- Energy services – Market size and forecast 2019-2024
- Transportation – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by Technology
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Amber Kinetics Inc.
- Beacon Power LLC
- The Boeing Co.
- Calnetix Technologies LLC
- ENERGIESTRO
- Kinetech Power Systems SA de CV
- Kinetic Traction Systems Inc.
- Langley Holdings Plc
- Melrose Industries Plc
- Siemens AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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