Flywheel Energy Storage System Market size is expected to reach USD 737.99 million by 2030
Flywheel Energy Storage System Industry Overview The global flywheel energy storage system market size was valued at USD 326.43 Million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. Growing energy storage market and automobile industry, globally, has provided a boost to the market. Increasing demand from UPS and data center application segments has driven the market for flywheel energy storage systems, within this region. Similarly, distributed energy generation, which involves generation of power at the place of consumption, is expected to result in augmented demand for the flywheel energy storage systems, within this region. Gather more insights about the market drivers, restrains and growth of the Global Flywheel Energy Storage System Market The U.S. held the largest share among all countries in the North American flywheel energy storage market, in 2021. The Energy Storage Association (ESA) looks after the energy storage affairs...