Lewes, DE -- (SBWIRE) -- 02/10/2016 -- Report forecast the global flywheel energy storage market to grow at a CAGR of 19.6% during the period 2016-2020.

A flywheel energy storage system is a mechanical battery that stores kinetic energy in the form of a rotating mass. In the flywheel energy storage system, a flywheel or rotor is accelerated at a high speed and the energy is maintained as rotational energy. The speed of this system is reduced when the energy is extracted from the system. Flywheel energy storage systems have a longer life, are more reliable, require less maintenance, and have increased efficiency when compared to other energy storage systems.

The report covers the present scenario and the growth prospects of the global flywheel energy storage market for 2016-2020.

To calculate the market size, the report considers flywheels used in the following applications:
- Uninterrupted power supply (UPS)
- Load following for distributed generation
- Transportation
- Others

According to the report, many countries are moving toward renewable power generation and this creates the necessity to increase energy storage. Globally, various governments are providing support to manufacturers of flywheel energy storage systems. Their lower operational costs, emissions reduction, and high power are motivating this support.

Further, the report states that high initial cost will negatively affect the growth of the global flywheel energy storage market during the forecast period.

Global Flywheel Energy Storage Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Global Flywheel Energy Storage Market: Active Power, Beacon Power, Calnetix Technologies and EnSync Energy.

Other Prominent Vendors in the market are: Acumentrics, Piller, Power Thru, and Power Tree.

Market driver
- Government support
- For a full, detailed list, view our report

Market challenge
- High initial cost
- For a full, detailed list, view our report

Market trend
- Growing use of renewable sources
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 48 pages and 24 Exhibit "Global Flywheel Energy Storage Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by application, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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