Urja Daily
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe
No Result
View All Result
Urja Daily
No Result
View All Result
Home Editor's Pick Market Research

Global Flywheel Energy Storage Market Revenue Was ~$300 Million

Urja Daily by Urja Daily
August 11, 2021
in Market Research
Reading Time: 2 mins read
0
flywheel-storage
Share on FacebookShare on TwitterShare on Linkedin

NEW YORK – The rising demand for electricity, coupled with the fact that much of it is still generated from fossil fuels, is leading to a high amount of greenhouse gas emissions. Moreover, governments are focusing on providing electricity to remote places and deregulating the energy sector. Due to all these factors, global flywheel energy storage market generated ~$300 million in 2020 and is set to grow with significant growth rate between 2021 and 2030.

During the COVID-19 pandemic, strict lockdowns were implemented around the world to curb the spread of the infection. As a result, manufacturing operations were reduced, which led to a low demand for energy. This, in turn, resulted in stagnation in the growth of the flywheel energy storage market due to the declining demand for such systems.

RELATED POSTS

Key Growth Drivers of the U.S. Charging-as-a-Service Market

Top 5 Emerging Opportunities in the LDPE Market

Data center, aerospace, automotive, defense, and others are the categories under the end user segment. In 2020, data centers were the largest category in the flywheel energy storage market, as the burgeoning digitization rate is driving the construction of such facilities. Data centers require uninterrupted electricity; in this regard, such systems immediately discharge power in the event of a transient power failure, till the backup generators come online.

The divisions of the flywheel energy storage market under segmentation by application are distributed energy generation (DEG), uninterrupted power supply (UPS), and others (power quality and frequency regulators). During the forecast period, the UPS division is set to undergo the fastest growth due to the increasing demand for a continuous power supply in industries. Moreover, the frequent power outages in emerging economies necessitate an effective backup system.

Browse detailed report with COVID-19 impact analysis on Flywheel Energy Storage Market Research Report: By Application (Uninterruptible Power Supply, Distributed Energy Generation), End User (Automotive, Data Center, Aerospace, Defense)

North America dominated the flywheel energy storage market during 2015–2020 due to the numerous projects initiated to generate clean energy and conserve it for future use. Additionally, considerable growth in the market during the forecast period will be observed in Asia-Pacific (APAC) on account of the rising demand for electricity and government efforts to supply clean power to industries.

Key players in the flywheel energy storage market are acquiring electricity storage facilities to grow. For instance, in May 2019, an energy storage center with a capacity of 5 Megawatts (MW) was acquired by NRStor Inc. The facility is situated in Clear Creek, Ontario, in the vicinity of the Hydro One electrical infrastructure and a wind farm with a capacity of 20 MW.

ABB Ltd., STORNETIC GmbH, Beacon Power LLC, VYCON Inc., Rotonix USA Inc., Active Power Inc., Amber Kinetics Inc., and Williams Grand Prix Engineering Limited are the major companies in the global flywheel energy storage market.

Tags: ElectricityEnergyFossil FuelsGreenhouse Gas Emissions
ShareTweetShare
Urja Daily

Urja Daily

Related Posts

EV Adoption Accelerates

Key Growth Drivers of the U.S. Charging-as-a-Service Market

by Palak
June 27, 2025
0

The rapid transition towards clean energy and sustainable mobility has placed electric vehicles (EVs) at the forefront of the transportation...

LDPE Market

Top 5 Emerging Opportunities in the LDPE Market

by Palak
June 25, 2025
0

The Low Density Polyethylene Market is witnessing a significant surge in demand across multiple sectors. From flexible packaging to agriculture and...

E-bike

E-bike Market Trends 2025: What Every Investor and Manufacturer Needs to Know

by Palak
June 19, 2025
0

As the world shifts toward sustainable transportation, the electric bike or e-bike industry is gaining remarkable momentum. Investors and manufacturers...

Automotive HMI Market

Top 7 Trends Shaping the Automotive HMI Market in 2025

by Palak
June 17, 2025
0

The Automotive Human Machine Interface (HMI) Market is undergoing a transformative shift as vehicles become more intelligent, connected, and user-centric. In...

Bauxite Market

Top Bauxite Producing Countries and the Factors Driving Their Dominance

by Palak
June 16, 2025
0

The Bauxite Market in Focus The Bauxite Market is witnessing a strong upward trend, supported by the rising demand for aluminum in...

Next Post
tunnellighting

Tunnel Lighting Market is Projected to Reach US$ 2,955.7 Million

PlantFuel

PlantFuel Provides Corporate Update Ahead of GNC Launch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

THDC

THDC Inks Deals for 184.08 MW Green Power Supply from Tehri PSP

June 28, 2025
World Bank

World Bank and IAEA Ink Pact to Promote Safe Nuclear Energy in Developing Nations

June 28, 2025

MOST VIEWED

  • Hydrom

    Hydrom and Thyssenkrupp Nucera Partner for Green Hydrogen Projects in Oman

    0 shares
    Share 0 Tweet 0
  • SFC India Selected Dassault Systèmes for Indigenization and Digital Transformation of Wastewater Treatment Plants

    0 shares
    Share 0 Tweet 0
  • Juniper Green Energy Secures 1 GW Solar Module Deal with First Solar

    0 shares
    Share 0 Tweet 0
  • PGCIL Wins ISTS Project for Renewable Energy Integration in Karnataka

    0 shares
    Share 0 Tweet 0

THDC Inks Deals for 184.08 MW Green Power Supply from Tehri PSP

World Bank and IAEA Ink Pact to Promote Safe Nuclear Energy in Developing Nations

Toyota Kirloskar Motor Partners with Ohmium to Advance Green Hydrogen Solutions in India

NSE Waives Transaction Charges on Electricity Futures Until December 2025

COMAU Unveils Innovative N-WG Welding Gun at Automatica 2025

An Exclusive Interview with Rachna Kango | Delta Electronics India Private Limited

Latest Magazine

© 2016 – 2025 TechZone Print Media | All Rights Reserved

  • About Us
  • Contact Us
No Result
View All Result
  • News
  • Renewable
    • Solar
    • Rooftop
    • Floating Solar
    • Module
    • Wind
    • Hydrogen
    • Biomass
    • Tenders
    • Sustainibility
  • Storage
  • E-Mobility
  • EV Battery
  • Smart City
  • Power
    • Smart Grid
    • Microgrid
    • Off-Grid
  • Editor’s Pick
    • Articles
    • In Talks
    • E-MAG
    • Market Research
  • On-demand Webinars
  • More
    • Events
    • Contact Us
    • Subscribe

© 2016 - 2025 TechZone Print Media | All Rights Reserved