London, 03 November 2014 – Support from governments worldwide will help the Global Flywheel Energy Storage Market grow significantly at a CAGR of 21 percent from 2014-2018, says research firm TechNavio.
Various federal stimulus activities have been put in place to subsidize a percentage of flywheel energy storage project costs, which is promoting huge investments in the market.
About the Report
The new report from TechNavio emphasizes intensification of distributed energy resources. Global dependency on fossil fuel is very high and many countries have not yet moved towards renewable energy power generation because of the high initial implementation costs associated with it.
However, this scenario has changed slightly with the emergence of distributed energy resources (DER), which differ from centralized power generation in that DER allows power generation to be distributed among various small-scale organizations or houses.
“DER helps in the reduction of power losses as the loss generally takes place while transferring power from the production point to the consumption point. This is helping promote growth in the flywheel storage market, as DER is facilitated by flywheel energy storage systems, which enable easy generation, load management and power storage,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Government Participation
- For a full detailed list, view our report.
Market Challenges:
- Condensed Energy Storage Capability
- For a full detailed list, view our report.
Market Trends:
- Distributed Energy Resources Intensification
- For a full detailed list, view our report.
Key Vendors:
- Active Power Inc.
- Amber Kinetics Inc.
- Beacon Power LLC
- Vycon Inc.
Other Prominent Vendors:
- Acumentrics
- Piller
- Power Thru
- Power Tree
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
