DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/77wmjg/global_flywheel) has announced the addition of the "Global Flywheel Energy Storage Market 2014-2018" report to their offering.
The Global Flywheel Energy Storage market to grow at a CAGR of 21% over the period 2013-2018
Flywheel energy storage system is a mechanical battery, which stores kinetic energy in the form of rotating mass. In the flywheel energy storage system, a flywheel or rotor accelerates to high speed, and the energy is maintained in this system as rotational energy. The speed of the flywheel energy storage system is reduced when energy is extracted from the system. Moreover, flywheel energy storage system has longer life, more reliability, requires less maintenance, and increased efficiency. These qualities enable the growth of Flywheel Energy Storage market.
One of the main trends in this market is the increase in R&D taking place in the Energy Storage industry. Intensive research is being conducted and tested through demonstration projects as flywheel energy storage is one among the emerging grid storage technologies.
According to the report, one of the main factors driving this market is the participation of governments in boosting market growth. Various federal stimulus activities are taking place globally, wherein a certain share of flywheel energy storage project costs are funded by governments, which is driving the growth of the market and is encouraging investment in the market.
Further, the report states that one of major challenges in the market is near-term cost avoidance by utilities. Flywheel energy storage is one of the most expensive storage techniques, and utilities are hesitant about spending a huge amount of money on storage facilities, because it would be tough to compete with fossil fuel-based power generation companies.
The Global Flywheel Energy Storage market can be segmented into four divisions on the basis of its applications:
- Load Following for Distributed Generation
- Active Power
- Amber Kinetics
- Beacon Power
Key Topics Covered:
- Executive Summary
- List of Abbreviations
- Scope of the Report
- Market Research Methodology
- Market Landscape
- Market Segmentation by Application
- Geographical Segmentation
- Key Leading Countries
- Buying Criteria
- Market Growth Drivers
- Drivers and their Impact
- Market Challenges
- Impact of Drivers and Challenges
- Market Trends
- Trends and their Impact
- Vendor Landscape
- Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/77wmjg/global_flywheel