North America Flywheel Energy Storage System Market Size & Outlook
North America flywheel energy storage system market, 2018-2030 (US$K)
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North America flywheel energy storage system market highlights
- The North America flywheel energy storage system market generated a revenue of USD 343,268.6 thousand in 2023.
- The market is expected to grow at a CAGR of 9.9% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 343,268.6 thousand |
| Market revenue in 2030 | USD 666,558.0 thousand |
| Growth rate | 9.9% (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, North America region accounted for 77.8% 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.
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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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North America 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 25.91% in 2023. Horizon Databook has segmented the North America 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 flywheel energy storage market in North America is dominated by the U.S. Batteries and flywheels are the most commonly used energy storage systems in this region. The North American flywheel energy storage market is characterized by growing demand for UPS systems, to maintain a continuous supply of power for commercial and industrial applications.
Similarly, growing demand for data centers for storing large amounts of data has resulted in the growth of the flywheel energy storage market in this region. Growing energy storage market in this region is projected to play a huge role in the growth of the flywheel market in this region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America flywheel energy storage system market , including forecasts for subscribers. This continent databook contains high-level insights into North America flywheel energy storage system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America flywheel energy storage system market size, by country, 2018-2030 (US$K)
North America Flywheel Energy Storage System Market Outlook Share, 2023 & 2030 (US$K)
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