Global Flywheel Energy Storage (FES) Systems Market: Flywheel Energy Storage Systems Shows Stellar Growth during the 2017-2022 Forecast

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The Global Flywheel Energy Storage (FES) Systems Market is estimated to witness high growth at a rising CAGR in forthcoming period. The flywheel is a mechanical device that moves when a torque is applied aligned with its axis of symmetry. Flywheels are typically made of steel and rotate around its axis on conventional bearings. The flywheel resists changes in rotational speed by moment of inertia. The amount of energy stored in the flywheels is proportional to square of its rotational speed. Flywheels are used in applications when energy required is more than the ability it can deliver and this is done by storing energy in flywheel over time and then releasing the energy quickly.
A typical flywheel comprises a rotor suspended by bearings inside a vacuum chamber to reduce friction and connected to a combination electric motor and generator. Carbon-composites flywheel 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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