(MENAFN- GetNews) A New market Study, titled 'Flywheel energy Storage Market Upcoming Trends, Growth Drivers and Challenges' has been featured on WiseGuyReports.
Summary
A New Market Study, titled 'Flywheel Energy Storage Market Upcoming Trends, Growth Drivers and Challenges has been featured on WiseGuyReports.
This report provides in depth study of ' Flywheel Energy Storage Market using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Flywheel Energy Storage Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Overview
As the natural oil gas and petroleum fields continue to perish, an increasing number of companies are looking for solutions that are renewable and eco-friendly at the same time. But despite the production, energy storage solutions remain a prime concern of economies all across the world. The current day solutions are highly inefficient, and hence the traditional oil and petroleum continue to the best option.
In such a scenario, flywheel energy storage solutions have proved to be effective under various constraints. In the given method, a flywheel is accelerated and stored in vacuum. This ensures that the object continues to rotate for maximum time with very little hindrance. To derive energy from the given source, the object is deaccelerated. With the latest innovations in the field, a great feat in terms of efficiency has already been achieved.
Key manufacturers are included based on company profile, sales data and product specifications etc.:
Active Power
Beacon Power
Calnetix Technologies
EnSync Energy
Acumentrics
Piller
Power Thru
Power Tree
Siemens
Boeing Management
Amber Kinetics
CCM
GKN Hybrid Power
Kinetic Traction
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Factors affecting the growth prospects
Several lot factors have been the primary reason for the growth of the global flywheel energy storage solution. Better life cycles, high power density coupled with low degradation over time have been some of the primary reasons for the adoption of flywheel energy storage solutions. The rise in automobile sectors has also helped the product grow over time.
On the other hand, data centres have been major driving forces for the growth of the industry. Data centres cannot compromise with the uptime and flywheel energy storage solutions prove to be the perfect partner at very minimal rates.
Major economies affected by the growth of the industry
The United States represents the highest compound annual growth rates and is one of the biggest consumer markets across the globe. Frequent fluctuation in energy and unwanted interruptions has boosted the flywheel energy storage solutions in the region. Other major regions include Germany and Japan. Germany is boosted by the growth of the automobile industry and is expected to produce more than $20 million by the year 2025. The same goes for Japan, which is expected to generate a revenue of $2.04 million by the year 2025.
Key players in the industry
The energy business is vast and is capital expensive in nature. The leading giants have been in the industry for years altogether and know the ins and out of the game. Some of the leading companies working in the domain include names like ABB, Siemens, NR Electric, Hitachi, Toshiba, Xuji Group and a couple of other names.
The global flywheel energy storage solution industry represents a huge solution, and the growing importance by governments all over the world on the use of renewable sources of energy has led to some dynamic improvement in the industry. The segment is flourishing with each passing year and is supposed to cross a significant milestone in the year 2025.
Major Key Points in Table of Content
1 Global Market Overview
2 Regional Market
3 Key Manufacturers
4 Major Application
5 Market by Type
6 Price Overview
7 ConclusionFig Global Flywheel Energy Storage Market Size and CAGR 2013-2018 (Million USD)
Continued….
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