The global market for utility-scale Flywheel Energy Storage (FES) Technology in terms of annual capacity installations is projected to reach 54.6 Megawatts by 2020, driven by robust demand for efficient and economical energy storage technologies and the spiraling cost of power interruptions. Factors such as the need for energy independence, climate change, and rising costs of energy, which have brought renewable energy sources into the limelight, are behind the expansion of application of flywheel energy storage systems. Future growth will be driven by rising demand for uninterrupted power supply in response to growing industrialization across the world, rising costs of conventional energy generation, and growing automation in healthcare and production facilities. With several operational flywheel projects, the United States represents the largest market worldwide. Strong potential also exists for FES systems in the European Union with several EU countries placing increased emphasis on energy efficiency initiatives and where integration of renewable energy sources into the main power grid is in full swing.
This report analyzes the Global market for Flywheel Energy Storage (FES) in US$ Thousand by the following Applications: Utility Scale, UPS, Transportation, and Others. Annual estimates and forecasts are provided for the period 2013 through 2020. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 43 companies including many key and niche players such as -
Active Power Inc.
AFS Trinity Power
Amber Kinetics, Inc.
Beacon Power, LLC
TABLE OF CONTENTS
I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS Study Reliability and Reporting Limitations I-1 Disclaimers I-2 Data Interpretation & Reporting Level I-2 Quantitative Techniques & Analytics I-3 Product Definitions and Scope of Study I-3 II. A GLOBAL MARKET REPORT 1. INDUSTRY OVERVIEW II-1 Flywheel Energy Storage (FES): Low Cost and Low Maintenance Energy Storage with High Power Density II-1 Despite Myriad Benefits, Few Concerns Continue to Hamper Widespread Adoption II-3 Cost Benefits II-3 Low Maintenance Costs II-3 Compatibility with Smart Grids II-4 Table 1: Flywheel Energy Storage Compared with Other Energy Storage Technologies II-5 Global Market Outlook II-5 Expanding Application Base Benefit Market Expansion II-7 Competitive Landscape II-8 List of Leading Flywheel Manufacturers Worldwide and Addressable Market/Application Segment II-9 Leading Flywheel Energy Storage System Manufacturers: Snapshot Profiles II-9 Beacon Power Corporation II-9 Vycon Energy II-10 Piller II-10 Active Power II-10 2. MARKET TRENDS & DRIVERS II-11 Flywheel Energy Storage Driven by the Steady Evolution of the Smart Grid Standard II-11 Table 2: Global Spend on Smart Grid Technologies by Region (2014, 2017 & 2020): Cumulative Spending (in US$ Billion) for Asia-Pacific (incl. China), Europe, Latin America, and North America (includes corresponding Graph/Chart) II-12 Composite Materials in Flywheels: A Major Advancement Spearheading Growth II-12 Flywheel Safety Test: Essential for Testing Failure Mechanisms of Composite Flywheels II-13 Increasing Consumer Awareness Drive Demand for Flywheel UPS II-13 Increasing Focus on Renewable Energy Sources: Opportunities Galore for FES II-14 Table 3: Targets for Electricity Production from Renewable Energy Sources Worldwide by Country II-16 Table 4: Percentage of Renewable Sources in Electricity Production Worldwide by Country (includes corresponding Graph/Chart) II-18 Table 5: Global Investments (US$ Billion) in Renewable Energy by Source: 2013 (includes corresponding Graph/Chart) II-19 Growing Prominence of Solar Power Bodes Well for FES Systems Adoption II-19 Table 6: Global Solar PV Installations by Region (2013): Percentage Share Breakdown of Volume Installations for Americas, Asia (Excluding China), China, Europe, and Rest of World (includes corresponding Graph/Chart) II-20 Table 7: International Targets for Solar Photovoltaics for Select Countries II-20 Expanding Wind Power Generation Worldwide Offers Significant Growth Opportunities II-21 Leading Wind Power Countries Worldwide (2013): Ranking Based on Key Wind Power Facts II-22 Surging Microgrid Capacity Augurs Well for Market Expansion II-22 Increasing Penetration of Electric Cars to Promote FES Market Growth II-23 Table 8: World Market for Electric Vehicles (2013): Percentage Breakdown of Unit Sales by Product Type (includes corresponding Graph/Chart) II-24 Favorable Trends in Energy Production and Consumption Strengthens Market Prospects II-24 Table 9: Global Electricity Consumption in TWh for Years 2000, 2015 & 2030 (includes corresponding Graph/Chart) II-25 Table 10: Global Electricity Production by Country (2013): Percentage Breakdown of Electricity Production Volume for China, United States, India, Russia, Japan, Canada, Germany, Brazil, France, South Korea, and Others (includes corresponding Graph/Chart) II-26 Table 11: Global Electricity Consumption by Country (2013): Percentage Breakdown of Electricity Consumption Volume for China, United States, Japan, Russia, India, Germany, Canada, Brazil, South Korea, France, and Others (includes corresponding Graph/Chart) II-26 Table 12: Projected Global Demand for Primary Energy (Mtoe) and Electricity (MWh): 2015, 2020, 2025, 2030 & 2035 (includes corresponding Graph/Chart) II-27 Table 13: Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030 (includes corresponding Graph/Chart) II-27 The United States: A Leading Flywheel Energy Storage Market Worldwide II-28 Table 14: US Recent Past, Current & Future Analysis for Flywheel Energy Storage Analyzed with Annual Utility Scale Installed Capacity in Megawatts for Years 2013 through 2020 (includes corresponding Graph/Chart) II-28 Renewable Energy and Energy Storage to Help Offset Escalating Electricity Cost II-28 Table 15: The US Grid Energy Storage Market by Technology (2014): Percentage Share Breakdown of Capacity Installations for Pumped Hydro Storage and Other Technologies (includes corresponding Graph/Chart) II-30 Table 16: The US Grid Energy Storage Market by Technology Other than Pumped Storage (2014): Percentage Share Breakdown of Capacity Installations for CAES, Flywheels, Ice Thermal Storage, Li-ion, NaS Batteries, Ni-Cad Batteries and Others (includes corresponding Graph/Chart) II-30 3. ENERGY STORAGE SOLUTIONS: A MACRO PERSPECTIVE II-31 Energy Storage: Vital for the Expansion of Renewable Energy Sources II-31 Major Growth Driving Factors for Energy Storage II-31 Energy Storage Technologies: Classification II-32 Pumped Hydro Storage: Largest Available Energy Storage Capacity for Grid Applications II-32 Table 17: Global Energy Storage Market by Technology (2014): Percentage Share Breakdown of Installed Capacity for Traditional Pumped Storage and Other Technologies (includes corresponding Graph/Chart) II-32 Table 18: Global Energy Storage Market by Technology Other than Pumped Storage (2014): Percentage Share Breakdown of Installed Capacity for Capacitor, Compressed Air, Flow Battery, Flywheel, Gravitational Storage, Lead Acid Battery, Li-ion, Molten Salt Energy and Others (includes corresponding Graph/Chart) II-33 Table 19: Leading Energy Storage Technology Vendors Worldwide (2013): Percentage Market Share Breakdown Based on Capacity for Allis Chalmers, Alstom, CKD Blankso, Gridflex, Harbin, Hydrodynamics Group, Riverbank Power, Sichuan Dongfeng Electric, Voith and Others (includes corresponding Graph/Chart) II-33 Table 20: Energy Storage Technologies: Key Features Comparison for PHS, CAES, Flywheel, NaS Battery, Li-ion Battery, Flow Battery, Supercapacitor, SMES, Molten Salt, Hydrogen, and SNG Technology II-35 Various Energy Storage Technologies: Key Advantages & Disadvantages II-35 Key Energy Storage Technologies & Applications for Electrical, Chemical, Electrochemical, Mechanical and Thermal Energy II-36 Investment in Energy Storage Projects Witness Steady Growth Worldwide II-36 Table 21: Number of Energy Storage Projects by Country: 2014 (includes corresponding Graph/Chart) II-37 Government Intervention Critical to Widespread Adoption of Energy Storage Technologies II-37 Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries II-38 New Projects & Government Mandates II-38 Incentives & Standards: Key to Promoting Energy Storage Technologies II-39 Microgrids to Drive Energy Storage Market in the Future II-39 Table 22: A Glance at Largest Power Blackouts/ Outages Worldwide II-40 Nanotechnology: The Future of Energy Storage? II-41 Nanotubular Bulk Material with Ultra-Low Density for Energy Storage Applications II-41 Research on for High Durability and Advanced Chemical Compositions II-42 Characteristics of Select Battery Technology Types II-42 4. PRODUCT OVERVIEW II-43 A Prelude II-43 Flywheels: Benefits and Challenges II-43 Operation of Flywheels II-44 Types of Flywheel Energy Storage II-44 Evolution of Flywheels II-45 Ancient Flywheels II-45 Flywheels Developed during Industrial Revolution II-45 Modern Flywheels II-46 Physical Features of Flywheel Energy Storage (FES) II-46 General Features II-46 Geometry II-47 Energy Density II-47 Composite Rotors II-47 Properties of Materials II-47 Energy Storage Efficiency of Flywheels II-47 Components of Flywheel Systems II-47 Flywheel Rotor II-48 Bearings II-48 Motor Generator II-49 Power Electronics II-49 Controls and Instrumentation II-49 Housing II-50 Flywheels and Batteries: A Comparison II-50 Flywheel Energy Storage: Key Applications II-50 UPS Systems II-51 Grid Energy Storage II-51 Road Transportation II-51 Railway Locomotives II-52 Railway Electrification II-52 Scientific Labs II-52 Aircraft Launching Systems II-52 G2 Flywheel of NASA II-53 Other Applications II-53 Amusement Parks II-53 Pulse Power II-53 Motor Sports II-53 Toys II-53 Toggle Action Presses II-53 5. RECENT INDUSTRY ACTIVITY II-54 Hybrid flywheel system service facility Established in Europe II-54 Beacon Inks Agreement with Chugach Electric for Installing an Hybrid Battery and Flywheel Energy Storage Project in the State of Alaska II-54 Quantum Creates Alternative Flywheel System Design for Camp Pendleton Microgrid II-54 GKN to Acquire Flywheel Energy Storage Business from Williams Hybrid Power II-54 Beacons’ Hazle Township’s Flywheel Energy Storage Systems Manufacturing Plant Commences Full Commercial Operations II-54 Beacon Signs Agreement with ERICA Campus of Hanyang University for Transfer of Korean Core Energy Storage Technology II-54 Vycon to Supply Flywheel Energy Storage Systems to The Benito Juárez International Airport in Mexico II-55 Beacon Partners with TDX to Demonstrate a Flywheel Energy Storage System for Wind Power II-55 Beacon Installs Flywheel Energy Storage Systems at Plant in Pennsylvania II-55 Vycon Flywheel Systems Extends Partnership with EasyStreet® Online Services II-55 6. FOCUS ON SELECT GLOBAL PLAYERS II-56 Active Power Inc. (US) II-56 AFS Trinity Power (US) II-56 Alstom Transport (France) II-56 Amber Kinetics, Inc. (US) II-56 Beacon Power, LLC (US) II-56 Calnetix Technologies, LLC (US) II-57 Centre for Concepts in Mechatronics B.V. (CCM) (The Netherlands) II-57 GKN Hybrid Power (UK) II-57 Kinetic Traction Systems, Inc. (US) II-58 Piller Group GmbH (Germany) II-58 POWERTHRU (US) II-58 STORNETIC GmbH (Germany) II-59 Temporal Power Ltd. (Canada) II-59 7. GLOBAL MARKET PERSPECTIVE II-60 A. Volume Analytics II-60 Table 23: World Recent Past, Current & Future Analysis for Flywheel Energy Storage by Geographic Region - The US and Rest of World Markets Independently Analyzed with Annual Utility-Scale Installed Capacity in Megawatts for Years 2013 through 2020 (includes corresponding Graph/Chart) II-60 Table 24: World 8-Year Perspective for Flywheel Energy Storage by Geographic Region/Country - Percentage Breakdown of Annual Utility-Scale Installed Capacity for The US and Rest of World Markets for Years 2013, 2015 & 2020 (includes corresponding Graph/Chart) II-61 B. Value Analytics II-62 Table 25: World Recent Past, Current & Future Analysis for Flywheel Energy Storage by Application - Utility-Scale, UPS, Transportation and Others Markets Independently Analyzed with Annual Spending on Technology in US$ Thousand for Years 2013 through 2020 (includes corresponding Graph/Chart) II-62 Table 26: World 8-Year Perspective for Flywheel Energy Storage by Application - Percentage Breakdown of Dollar Spending for Utility-Scale, UPS, Transportation and Others Markets for Years 2013, 2015 & 2020 (includes corresponding Graph/Chart) II-63 IV. COMPETITIVE LANDSCAPE Total Companies Profiled: 43 (including Divisions/Subsidiaries - 44) The United States (21) Canada (1) Japan (1) Europe (20) - France (3) - Germany (4) - The United Kingdom (6) - Italy (1) - Spain (1) - Rest of Europe (5) Middle East (1)