Market News Today Flywheel Energy Storage Systems Market | Page 2

batteries are the latest additions to batteries in use in mainstream cars and are proving their
versatility there and their disposal is more nature-friendly than lithium-ion batteries. Flywheels are
quite popular for supplying a continuous stream of power output when the energy supply is not
continuous. The intended use of flywheels in opposing direction of movement is making it ideal for
use in gyroscopes. Hence, this feature poses as a primary growth factor for flywheel energy storage
(FES) systems market. Flywheels find increasing use in UPS equipment where they serve as energy
sources for flywheel power storage systems and display faster discharge rates. Hence they find
increasing use in data centers proving growth in flywheel energy storage (FES) systems market.
Restraints in flywheel energy storage (FES) systems market are imposed upon by its tensile strength
of the material used for the rotor and the faster the sped attained by the rotor, the flywheel can crack
calling this failure as flywheel fracture and severely limiting the operations of a flywheel. Rotors of
flywheels are made of composite materials and examples include carbon fiber composite flywheel.
Traditional flywheel requires strong containment vessels as a safety precaution but increasing the
mass of the device.
Segmentation of flywheel energy storage (FES) systems market by type includes steel rims, composite
rims and others. By application, the flywheel energy storage (FES) systems include transportation,
UPS, Wind turbines, Automobiles and others. By geographical regions, segmentation for flywheel
energy storage (FES) systems market includes North America, Europe, Asia pacific, MEA and Latin
America. The key industrial players in flywheel energy storage (FES) systems market include active
power, Siemens, Power Thru, Amber Kinetics, Beacon Power, Boeing Management, Calnetix
Technologies, CCM, GKN Hybrid Power, and Kinetic Traction.
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Market Segment:
Geographically, this report is segmented into several key Regions, with production, consumption,
revenue (million USD), market share and growth rate of Flywheel Energy Storage (FES) Systems in
these regions, from 2012 to 2022 (forecast), covering
• North America
• Europe
• China