Global Flywheel Energy Storage Systems Market Size study, by Component, by Application and Regional Forecasts 2024-2032

Description

The Global Flywheel Energy Storage Systems Market, valued at approximately USD 353.0 million in 2023, is anticipated to expand at a compound annual growth rate (CAGR) of 7.8% over the forecast period from 2024 to 2032. Flywheel energy storage systems (FESS) represent a significant innovation in energy management, offering efficient and rapid charge-discharge capabilities through the storage of kinetic energy in a high-speed rotating mass. These systems have become integral to modern energy storage solutions, particularly in applications that require short-term energy retention and swift response times, such as uninterruptible power supplies (UPS) for data centers, renewable energy integration, grid stability, and frequency regulation. FESS are distinguished by their clean, reliable, and durable energy solutions with minimal maintenance requirements, making them a key component in the transition to sustainable energy systems.

The market is primarily driven by the increasing integration of renewable energy sources such as wind and solar power. The intermittent nature of these sources necessitates efficient storage solutions, and FESS's rapid response and high-power density make them ideal for stabilizing the grid. Moreover, the need for precise frequency regulation in modern power grids is escalating as more renewable sources are integrated. Flywheels, with their ability to quickly release and absorb energy, are proving essential for maintaining grid stability, further boosting their demand. Additionally, advancements in technology, including the development of advanced composite materials and magnetic bearings, have significantly enhanced the efficiency and lifespan of flywheel systems. These innovations reduce maintenance costs and improve overall performance, making FESS increasingly attractive to utilities and industrial users. Also, opportunities in the flywheel energy storage systems market are abundant, especially with the growing demand for uninterruptible power supply (UPS) systems in sectors such as data centers, telecommunications, and healthcare. The rise of decentralized energy systems and microgrids also presents significant growth potential for FESS, as they can be integrated to enhance reliability and resilience in localized energy storage solutions. However, the market faces challenges, particularly the high initial investment cost associated with FESS technology. While operating costs are low, the significant upfront capital required for installation and integration may hinder adoption, especially in regions with limited funding or lower economic capacity.

Geographically, North America led the global market in 2023, accounting for more than 75% of the revenue share. The dominance of the region, particularly the United States, is driven by the growing demand for UPS systems to ensure continuous power supply in commercial and industrial applications. The region's strong focus on maintaining grid stability and the adoption of advanced energy storage technologies further solidify its leading position in the market. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period 2024-2032

Major market players included in this report are:

Langley Holdings plc
Amber Kinetics, Inc.
Stornetic GmbH
POWERTHRU
Energiestro
VYCON, Inc.
Bc New Energy (Tianjin) Co., Ltd. (BNE)
Beacon Power, LLC
PUNCH Flybrid
Kinetic Traction Systems, Inc.

The detailed segments and sub-segment of the market are explained below:

By Component:

Flywheel Rotor
Motor-Generator
Magnetic Bearings
Others

By Application:

Uninterrupted Power Supply
Distributed Energy Generation
Transport
Data Centers
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Flywheel Energy Storage Systems Market Executive Summary

1.1. Global Flywheel Energy Storage Systems Market Size & Forecast (2022- 2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Component
- 1.3.2. By Application
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Flywheel Energy Storage Systems Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Flywheel Energy Storage Systems Market Dynamics

3.1. Market Drivers
- 3.1.1. Increased Renewable Energy Integration
- 3.1.2. Grid Stability and Frequency Regulation
- 3.1.3. Technological Advancements
3.2. Market Challenges
- 3.2.1. High Initial Costs
3.3. Market Opportunities
- 3.3.1. Growing Demand for Uninterruptible Power Supply (UPS)
- 3.3.2. Decentralized Energy Systems

Chapter 4. Global Flywheel Energy Storage Systems Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Flywheel Energy Storage Systems Market Size & Forecasts by Component 2022-2032

5.1. Segment Dashboard
5.2. Global Flywheel Energy Storage Systems Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Flywheel Rotor
- 5.2.2. Motor-Generator
- 5.2.3. Magnetic Bearings
- 5.2.4. Others

Chapter 6. Global Flywheel Energy Storage Systems Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Flywheel Energy Storage Systems Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Uninterrupted Power Supply
- 6.2.2. Distributed Energy Generation
- 6.2.3. Transport
- 6.2.4. Data Centers
- 6.2.5. Others

Chapter 7. Global Flywheel Energy Storage Systems Market Size & Forecasts by Region 2022-2032

7.1. North America Flywheel Energy Storage Systems Market
- 7.1.1. U.S. Flywheel Energy Storage Systems Market
  - 7.1.1.1. Component breakdown size & forecasts, 2022-2032
  - 7.1.1.2. Application breakdown size & forecasts, 2022-2032
- 7.1.2. Canada Flywheel Energy Storage Systems Market
7.2. Europe Flywheel Energy Storage Systems Market
- 7.2.1. U.K. Flywheel Energy Storage Systems Market
- 7.2.2. Germany Flywheel Energy Storage Systems Market
- 7.2.3. France Flywheel Energy Storage Systems Market
- 7.2.4. Spain Flywheel Energy Storage Systems Market
- 7.2.5. Italy Flywheel Energy Storage Systems Market
- 7.2.6. Rest of Europe Flywheel Energy Storage Systems Market
7.3. Asia-Pacific Flywheel Energy Storage Systems Market
- 7.3.1. China Flywheel Energy Storage Systems Market
- 7.3.2. India Flywheel Energy Storage Systems Market
- 7.3.3. Japan Flywheel Energy Storage Systems Market
- 7.3.4. Australia Flywheel Energy Storage Systems Market
- 7.3.5. South Korea Flywheel Energy Storage Systems Market
- 7.3.6. Rest of Asia Pacific Flywheel Energy Storage Systems Market
7.4. Latin America Flywheel Energy Storage Systems Market
- 7.4.1. Brazil Flywheel Energy Storage Systems Market
- 7.4.2. Mexico Flywheel Energy Storage Systems Market
- 7.4.3. Rest of Latin America Flywheel Energy Storage Systems Market
7.5. Middle East & Africa Flywheel Energy Storage Systems Market
- 7.5.1. Saudi Arabia Flywheel Energy Storage Systems Market
- 7.5.2. South Africa Flywheel Energy Storage Systems Market
- 7.5.3. Rest of Middle East & Africa Flywheel Energy Storage Systems Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Langley Holdings plc
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Market Strategies
- 8.3.2. Amber Kinetics, Inc.
- 8.3.3. Stornetic GmbH
- 8.3.4. POWERTHRU
- 8.3.5. Energiestro
- 8.3.6. VYCON, Inc.
- 8.3.7. Bc New Energy (Tianjin) Co., Ltd. (BNE)
- 8.3.8. Beacon Power, LLC
- 8.3.9. PUNCH Flybrid
- 8.3.10. Kinetic Traction Systems, Inc.

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes