Asia Pacific Flywheel Energy Storage System Market Size & Outlook
Asia Pacific flywheel energy storage system market, 2018-2030 (US$K)
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Asia Pacific flywheel energy storage system market highlights
- The Asia Pacific flywheel energy storage system market generated a revenue of USD 18,310.8 thousand in 2023.
- The market is expected to grow at a CAGR of 10.9% from 2024 to 2030.
- In terms of segment, distributed energy generation was the largest revenue generating application in 2023.
- Distributed Energy Generation is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 18,310.8 thousand |
| Market revenue in 2030 | USD 37,706.5 thousand |
| Growth rate | 10.9% (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 |
| Key market players worldwide | Longfor Group Holdings Ltd, Magic Software Enterprises Ltd, Phillips 66, TotalEnergies SE, Volcon Inc, Tianjin Port Development Holdings Ltd, Kinetic Development Group Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 4.2% of the global flywheel energy storage system market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 86,698.7 thousand by 2030.
Key Regions: Japan , U.S. , UK , Brazil , South Korea
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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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Asia Pacific 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 31.14% in 2023. Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific is considered to be the one of the emerging regions in the world. With fast growing countries such as China and India, this region is expected to be the leader in various industry sectors such as manufacturing, IT, telecom and many more.
Asia Pacific region is prone to frequent power cuts, energy storage systems in applications such as UPS and data centers are of utmost importance here, in both, the commercial as well as residential sectors.
Advantages of flywheel energy storage systems such as cost effectiveness, ecofriendly nature, and reliability have driven the market in this region. In 2019, the Asia Pacific region accounted for around 4% of the global flywheel energy storage systems market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific flywheel energy storage system market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific flywheel energy storage system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific flywheel energy storage system market size, by country, 2018-2030 (US$K)
Asia Pacific Flywheel Energy Storage System Market Outlook Share, 2023 & 2030 (US$K)
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