Flywheel energy storage (FES) works by accelerating a rotor (flywheel) to a very high speed and maintaining the energy in the system as rotational energy. When energy is extracted from the system, the flywheels rotational speed is reduced as a consequence of the principle of conservation of energy; adding energy to the system correspondingly results in an increase in the speed of the flywheel.
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.
The Global Flywheel Energy Storage (FES) Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023-2030.

In the global Flywheel Energy Storage (FES) Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-
Beacon Power
Active Power
Siemens
Calnetix Technologies
Alstom Transport
POWERTHRU
AFS Trinity Power
Amber Kinetics
CCM
GKN Hybrid Power
Gloyer-Taylor Laboratories LLC
Kinetic Traction Systems
Piller Group
STORNETIC
Temporal Power

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :
Steel Rims
Composite Rims
Others

In Market segmentation by applications :
Transportation
UPS
Wind Turbines
Automobile
Others

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Flywheel Energy Storage (FES) Market for the forecast period 2023-2030?
• What are the driving forces in the Flywheel Energy Storage (FES) Market for the forecast period 2023-2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Flywheel Energy Storage (FES) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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