Germany Flywheel Energy Storage System Market Size & Outlook
Germany flywheel energy storage system market, 2018-2030 (US$K)
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Germany flywheel energy storage system market highlights
- The Germany flywheel energy storage system market generated a revenue of USD 18,135.6 thousand in 2023 and is expected to reach USD 37,719.8 thousand by 2030.
- The Germany market is expected to grow at a CAGR of 11% 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.
Flywheel energy storage system market data book summary
| Market revenue in 2023 | USD 18,135.6 thousand |
| Market revenue in 2030 | USD 37,719.8 thousand |
| Growth rate | 11% (CAGR from 2023 to 2030) |
| Largest segment | Distributed energy generation |
| Fastest growing segment | Distributed Energy Generation |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Germany accounted for 4.1% of the global flywheel energy storage system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany flywheel energy storage system market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 37,719.8 thousand by 2030.
Key Regions: U.S. , UK , Japan , 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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Germany 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 22.57% in 2023. Horizon Databook has segmented the Germany 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.
Germany is known as the automobile and engineering hub of Europe. Some of the major automobile manufacturers such as Volkswagen, Mercedes Benz, and Porsche are headquartered in this country. Thus, the growing automobile industry is one of the biggest drivers of the flywheel energy storage market in Germany.
Germany is considered to be the first choice target market for companies seeking an entry in the European energy storage market. The authorities concerned with energy storage in this country have opted for flywheel energy storage systems in order to increase the use of renewable energy sources and reduce dependency on fossil fuels.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany flywheel energy storage system market , including forecasts for subscribers. This country databook contains high-level insights into Germany flywheel energy storage system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany flywheel energy storage system market size, by application, 2018-2030 (US$K)
Germany Flywheel Energy Storage System Market Outlook Share, 2023 & 2030 (US$K)
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