The article cited AMA's Global Flywheel Energy Storage (FES) Systems Market Study explored substantial growth with CAGR of 9.8%. According the report, Government Initiative for Advanced Energy Storage is one of the primary growth factors for the market. Rapid Industrialisation and High Demand for Back-Up Power Sources such as Unintrumpted Power Supply in Emerging Countries
is also expected to contribute significantly to the Flywheel Energy Storage (FES) Systems market. Overall, Uninterruptible Power Supply (UPS)
applications of Flywheel Energy Storage (FES) Systems, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Active Power Inc. (United States), Beacon Power (United States), Calnetix Technologies, LLC (United States), Acumentrics (United States), Piller Group GmbH (Germany), POWERTHRU (United States), PowerTree Pvt.Ltd (India), Siemens AG (Germany), Langley Holdings plc (United Kingdom) and VYCON (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The , such as , is boosting the Flywheel Energy Storage (FES) Systems market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Flywheel Energy Storage (FES) Systems market identified that the demand is rising in many different parts of the world as "Upsurging Data Center Construction in Both Developed and Developing Countries
". Furthermore, some recent industry insights like "In June 2023, Active Power Launched their CLEANPOWER1000 flywheel system, targeting data centers and grid applications with a scalable and sustainable energy storage solution." is constantly making the industry dynamic. One of the challenges that industry facing is "Availability of Other Storage Devices such as Battery Storage"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Flywheel Energy Storage (FES) Systems market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Flywheel Energy Storage (FES) Systems market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Flywheel Energy Storage (FES) Systems market tight? Which application/end-user category or Product Type [Conventional Steel Rotor Flywheel and Advanced Composite Flywheel] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Flywheel Energy Storage (FES) Systems market and other related sub-markets covered in the study.
o Key & emerging players in the Flywheel Energy Storage (FES) Systems market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Flywheel Energy Storage (FES) Systems market size is calculated using market estimation process, the Flywheel Energy Storage (FES) Systems market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Flywheel Energy Storage (FES) Systems market size has been validated using both top-down and bottom-up approaches.