TechNavio's analysts forecast the Global Flywheel Energy Storage market to grow at a CAGR of 12.35 percent over the period 2011-2015. One of the key factors contributing to this market growth is the increasing investment in smart grid construction. The Global Flywheel Energy Storage market has also been witnessing increasing investment in energy storage technology. However, the lack of familiarity with flywheel technologies could pose a challenge to the growth of this market.
TechNavio's report, the Global Flywheel Energy Storage Market 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global Flywheel Energy Storage market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors dominating this market space include Active Power Inc., Amber Kinetics Inc., Beacon Power LLC, and VYCON Inc.
Other vendors mentioned in the report: Power Thru, Power Tree Corp., and Boeing Management Co.
Key questions answered in this report:
What will the market size be in 2015 and at what rate will it grow?
What key trends is this market subject to?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the opportunities and threats faced by each of these key vendors?
What are the strengths and weaknesses of each of these key vendors?
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01. Executive Summary
03. Market Coverage
04. Market Landscape
04.1 Market Size and Forecast
04.2 Installed Capacity on Power Grid
04.3 Five Forces Analysis
05. Geographical Segmentation
06. Vendor Landscape
07. Buying Criteria
08. Market Growth Drivers
09. Drivers and their Impact
10. Market Challenges
11. Impact of Drivers and Challenges
12. Market Trends
13. Key Vendor Analysis
13.1 Beacon Power LLC
13.2 Amber Kinetics Inc.
13.3 VYCON Inc.
13.4 Active Power Inc.
Revenue Segmentation by Region in 2011
14. Other Reports in this Series
List of Exhibits:
Exhibit 1: Global Flywheel Energy Storage Market 2011-2015 (US$ million)
Exhibit 2: Global Flywheel Energy Storage Systems On-Grid Installed Capacity 2011 (percentage)
Exhibit 3: Global Flywheel Energy Storage Market by Geographical Segmentation 2011
Exhibit 4: Active Power Inc. Revenue Generation by Region FY2011 (percentage)
TechNavio Announces the Publication of its Research report - Global Flywheel Energy Storage Market 2011-2015
TechNavio today launched its report Global Flywheel Energy Storage Market 2011-2015 based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Clean Tech team said: “In various developing countries such as in the Americas, the advancements in technology that are taking place with regard to grid storage are enormous. Countries across the globe are investing in various energy storage systems and batteries in the Grid Storage sector. Investment is also being made in capacitors, compressed air energy storage, and lead acid batteries, in addition to the flywheel energy storage systems in the Grid Storage sector. Another major technology that is in demand is Electrical Vehicles (EVs) which use flywheel energy storage systems. This is a major trend affecting the Global Flywheel Energy Storage market.”
According to the report, it is predicted that by 2035 the global energy demand will increase tremendously, but the energy consumption pattern is likely to vary in each country. The current demand for energy is expected to more than double globally by 2020. It is not possible to meet the future demand with the existing power generation capacity. The storage of energy will help to maintain a backup to cater to the high future demand. Large-scale grid energy storage systems will meet this need and flywheel energy storage systems will enable this grid power storage to take place. Consequently, the growing energy demand will increase the growth of the Global Flywheel Energy Storage market.
Further, the report discusses that one of the major challenges confronting the market is lack of familiarity with flywheel technologies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.