TechNavio today launched its Global Flywheel Energy Storage Market 2010“2014 report based on an in-depth study focusing on the Americas and the EMEA and APAC regions. The report aids decision makers™ understanding of the key trends impacting the growth of this market.
Commenting on the report, an analyst from TechNavio™s Cleantech team said, One of the major factors boosting the growth of the Global Flywheel Energy Storage market is the emergence of micro grids. These micro grids require storage of electricity for load balancing. As a flywheel energy storage system enables 85 percent of efficiency in energy storage, this technology can hold a considerable share in the smart grid market that is developing rapidly.
According to the report, various governments are encouraging players to invest in the Global market. The initiatives taken and incentives provided by the government in various flywheel energy projects have been an encouraging factor for players.
Further, the report also discusses how challenges with inadequacy of technical know-how among users are impacting growth.
The contents of this report are based on research conducted on an objective combination of primary and secondary scores, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/global-flywheel-energy-storage-market-2010-…
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TechNavio Announces the Publication of its Report “ Global Flywheel Energy Storage Market 2010“2014
