U.S. Flywheel Energy Storage System Market Size & Outlook
U.S. flywheel energy storage system market, 2018-2030 (US$K)
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U.S. flywheel energy storage system market highlights
- The U.S. flywheel energy storage system market generated a revenue of USD 292,159.2 thousand in 2023 and is expected to reach USD 574,525.0 thousand by 2030.
- The U.S. market is expected to grow at a CAGR of 10.1% 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 292,159.2 thousand |
| Market revenue in 2030 | USD 574,525.0 thousand |
| Growth rate | 10.1% (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, U.S. accounted for 66.3% 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 North America, U.S. flywheel energy storage system market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 574,525.0 thousand by 2030.
Key Regions: UK , Japan , Brazil , Germany , 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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U.S. 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 25.25% in 2023. Horizon Databook has segmented the U.S. 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 U.S. held the largest share among all countries in the North American flywheel energy storage market in 2019. The Energy Storage Association (ESA) looks after the energy storage affairs in this country.
Problems arising due to interruptions and fluctuations of power supply have resulted in an increase in demand for UPS systems from the commercial sector in the U.S. This has resulted to enhance the market for UPS systems in flywheel energy storage market in the country.
Data storage accounts for one of the primary requirements in these companies, which is one of the main reasons for the high demand of data centers in this country. This factor has emerged to drive the requirement of flywheel energy storage system application in data centers across the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. flywheel energy storage system market , including forecasts for subscribers. This country databook contains high-level insights into U.S. flywheel energy storage system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. flywheel energy storage system market size, by application, 2018-2030 (US$K)
U.S. Flywheel Energy Storage System Market Outlook Share, 2023 & 2030 (US$K)
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