Flywheel Energy Storage

Flywheel Energy Storage (FES) - Global Strategic Business Report

Global Industry Analysts, Date of Publication: Nov 11, 2015, 132 Pages
US$4,500.00
GIA-MCP7989

Global market for utility-scale Flywheel Energy Storage (FES) Technology

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
Alstom Transport
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)
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Date of Publication:
Nov 11, 2015
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