Flywheel Energy Storage Market - Potential, Applications, Opportunities, Trends, Competitive & Investment Analysis

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Flywheel Energy Storage Market 

Energy has become one of the primary sources driving the world. With diminishing natural resources and increasing energy demand it has become really important to manage energy efficiency. One of the major problem concerned with energy is the storage. It is very unreliable and inefficient to store energy with current battery systems. Hence new technologies are being explored for efficient and economical energy storage systems. Fly wheel energy storage has turned out to be one of the most promising technology for energy storage. Fly Wheel Storage basically involves a fly wheel which is accelerated to very high speeds and suspended in vacuum, the energy is stored in the form of rotatory motion which can be extracted by decelerating the flywheel. With recent breakthroughs, efficiencies of about 80% have been achieved which is highest compared to any other storage device. Researches are also working on increasing the capacity which could result in more economical Flywheels.

This technology could find application in many industries including Automotive, Aerospace and Defense, Back Up power systems and longtime energy storage. Siemens, Calnetix and Active power are some of the major companies already working on this technology. Other energy and power companies might also enter competition with increasing demand and potential of the technology.

The study, besides estimating the 'Flywheel Energy Storage' market potential till 2025, analyzes on who can be the market leaders and what partnerships would help them to capture the market share. The report gives an overview about the dynamics of the market, by discussing various aspects such as drivers, restraints, Porter’s 5 forces, value chain, customer acceptance and investment scenario.  

The study in brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized. It approximates the time for innovation, in order for the industry to maintain a stable growth over a sustained period. The report also details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

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