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ASIA-PACIFIC FLYWHEEL ENERGY STORAGE MARKET FORECAST 2017-2025

  • October 2017
  • 61 pages
  • Inkwood Research
Report ID: 5129391

Summary

Table of Contents

KEY FINDINGS
The Asia-Pacific flywheel energy storage market is predicted to rise with a CAGR of 8.93% for the forecast years of 2017-2025. The revenue generated by the market is projected to increase up to USD 10118.10 thousand by the end of the said period.

MARKET INSIGHTS
The Asia-Pacific market is chiefly driven by growing automotive industry and increasing demand for flywheel energy storage from hybrid car manufacturers. Apart from transport, uninterruptible power supply, and data centers, it is the distributed energy generation which is currently the most celebrated application in the market. This is because, it reduces the dependency on fossil fuels, thus striving for renewable sources of power generation. On account of its light weight and compact nature, the battery storage is gaining popularity, which is acting as a major hindering factor for the market.

COMPETITIVE INSIGHTS
Acumentrics Inc, Active Power, Beacon Power Llc, Powertree, Temporal Power Ltd, Amber Kinetics Inc, Powerthru, and Calnetix Technologies Llc are some of the acclaimed companies in this market.

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