Global Flywheel Energy Storage System Market Size & Outlook
Global flywheel energy storage system market, 2018-2030 (US$K)
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Global flywheel energy storage system market highlights
- The global flywheel energy storage system market generated a revenue of USD 440,991.6 thousand in 2023 and is expected to reach USD 859,966.5 thousand by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 10% by 2030.
- In terms of segment, distributed energy generation accounted for a revenue of USD 113,740.7 thousand in 2023.
- Distributed Energy Generation is the most lucrative application segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 440,991.6 thousand |
| Market revenue in 2030 | USD 859,966.5 thousand |
| Growth rate | 10% (CAGR from 2023 to 2030) |
| Largest segment | Distributed energy generation |
| Fastest growing segment | Distributed Energy Generation |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD thousand |
| Market segmentation | UPS, Distributed Energy Generation, Transport, Data Centers |
Other key industry trends
- In terms of revenue, the North America accounted for 77.8% of the global flywheel energy storage system market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Brazil is the fastest growing regional market and is projected to reach USD 437.2 thousand by 2030.
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Flywheel Energy Storage System Market Scope
Flywheel Energy Storage System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global flywheel energy storage system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to flywheel energy storage system market will help companies and investors design strategic landscapes.
Distributed energy generation was the largest segment with a revenue share of 25.79% in 2023. Horizon Databook has segmented the Global flywheel energy storage system market based on ups, distributed energy generation, transport, data centers covering the revenue growth of each sub-segment from 2018 to 2030.
The primary function of flywheel is energy storage. It basically stores electric energy in the form of kinetic energy with the help of a rotor. The market for energy storage is growing at an alarming rate. Experts believe that energy storage is an alternative to fossil fuels, thus reducing the dependency on them. This, in turn, results in various countries meeting their carbon targets and striking a balance between countries & energy supply by optimizing demand and supply effectively.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global flywheel energy storage system market , including forecasts for subscribers. This global databook contains high-level insights into Global flywheel energy storage system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global flywheel energy storage system market size, by regions, 2018-2030 (US$K)
Top 10 countries: Flywheel energy storage system market size, 2023 (US$K)
Global flywheel energy storage system market share, by application, 2023 & 2030 (%, US$K)
Flywheel energy storage system market: Opportunity assessment by country
Global flywheel energy storage system market, by region, 2023 (US$K)
| Application | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 223,344.6 | 243,566.7 | 266,392.0 | 291,794.9 | 315,877.7 | 343,268.6 | 373,991.8 | 409,952.3 | 451,000.6 | 497,739.2 | 547,928.4 | 605,110.8 | 666,558.0 | 9.9% |
| Europe | 26,268.9 | 28,727.9 | 31,527.0 | 34,652.6 | 38,141.7 | 42,047.1 | 46,417.6 | 51,319.0 | 56,866.4 | 63,179.9 | 70,201.6 | 78,011.5 | 86,698.7 | 10.9% |
| Asia Pacific | 11,770.2 | 12,789.4 | 13,936.2 | 15,222.4 | 16,673.3 | 18,310.8 | 20,165.0 | 22,271.8 | 24,656.7 | 27,374.3 | 30,424.5 | 33,851.7 | 37,706.5 | 10.9% |
| Latin America | 17,931.7 | 19,297.4 | 20,827.6 | 22,515.0 | 24,378.2 | 26,438.1 | 28,718.6 | 31,246.8 | 34,053.3 | 37,173.4 | 40,589.2 | 44,329.8 | 48,427.0 | 9.0% |
| MEA | 7,131.3 | 7,744.8 | 8,429.9 | 9,183.9 | 10,013.4 | 10,927.0 | 11,934.1 | 13,045.2 | 14,271.0 | 15,626.7 | 17,119.5 | 18,764.0 | 20,576.4 | 9.5% |
| Overall | 286,446.6 | 312,126.2 | 341,112.7 | 373,368.8 | 405,084.2 | 440,991.6 | 481,227.1 | 527,834.9 | 580,848.0 | 641,093.5 | 706,263.2 | 780,067.7 | 859,966.5 | 10.0% |
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