Flywheel Energy Storage System Market is predicted to reach USD 1474.35 million at a CAGR of 15% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Flywheel Energy Storage System Market”.

The Magnet market is estimated to register a CAGR of 15% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Magnet market—Langley Holdings plc, Amber Kinetics, Inc., Stornetic GmbH, POWERTHRU, Energiestro, VYCON, Inc., mBc New Energy (Tianjin) Co., Ltd. (BNE), Beacon Power, LLC, PUNCH Flybrid and Kinetic Traction Systems, Inc.

Flywheel Energy Storage System Market Highlights

The global flywheel energy storage system market is accounted for to register a CAGR of 15% during the forecast period and is estimated to reach USD 1474.35 million by 2032.

The growing energy storage market and automobile industry, globally, have 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 the generation of power at the place of consumption, is expected to result in augmented demand for the flywheel energy storage systems, within this region. This transformation is visible across various facets of the renewable energy sector, and it's imperative to comprehend not only the significance of this driver but also why it is poised to be a major force propelling the demand for magnets throughout the forecast period.

Additionally, the global demand for flywheel energy storage system solutions in the renewable energy sector is underpinned by reduce their carbon footprint for power generation and transportation sector for clean energy and to opt for cleaner and green energy technologies owing to the demand for flywheel energy storage is growing in its specific application segments.

Flywheels are in high demand for military operations and ground vehicles, as well as weapons, navigation, communications, and their associated intelligence systems. Vehicles, systems, and many sorts of weapons in the military all require energy to function properly. Flywheels appear to be an appropriate energy storage method in this case. Also, a flywheel energy storage technology increases system stability and improves current absorption in power systems. As a result, the market for flywheel energy storage systems is dominated by the electrification of military systems.

Flywheel energy storage systems are well-suited for providing frequency regulation and grid support services. Their ability to respond quickly to changes in grid frequency and maintain grid stability makes them valuable for balancing supply and demand. It is being increasingly deployed in microgrid applications, where it can provide reliable and fast responding energy storage for critical loads.  Flywheel offers many benefits, such as high-power density, long cycle life and minimal maintenance requirements.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Flywheel Energy Storage System Market Growth Report

Segment Analysis

The global Flywheel energy storage systems market has been segmented based on application, and Region.

The global Flywheel energy storage systems Market segmentation, based on Power Output has been segmented into segmented into Uninterrupted Power Supply (UPS), Data Center, Distributed Energy Generation, Transport, Others.  Uninterruptible power supply (UPS) is one of the major application areas of flywheel energy storage systems. Flywheel UPS systems can be used to overcome the problems faced by sudden dips or glitches in electric and voltage supplies. Flywheels are used as intermediate energy storage systems for transport applications such as automobiles.

FESS technology proves to be the best with maximum efficiency, low impact on the environment, high specific power and energy, high power and energy density, longer life cycle, faster in response, and requires very low maintenance. Increasing the demand for renewable energy generation is creating a need for highly flexible power grid resources. While there are various storage technologies available, flywheel energy storage is a technique which is a promising option for the grid due to its high cycle lifetime, fast response time, and lack of environmentally hazardous materials.

Regional Analysis

Based on Region, the flywheel energy storage system market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The flywheel energy storage market in North America is dominated by the U.S. Batteries and flywheels are the most commonly used energy storage systems in this region. Similarly, the growing demand for data centers designed for storing large amounts of data has resulted in the growth of the flywheel energy storage market within this region.

The UK is committed in making use of renewable sources for energy storage. This is evident from the fact that nearly two-thirds of the country’s energy storage capacity is completely dedicated to renewable energy sources including flywheel systems. Also, Asia Pacific is expected to hold the largest market share during the forecast period. Because of such factors which increasing energy demand and rapid industrialization is driving the adoption of FESS. However, China, Japan, and South Korea are investing heavily in energy storage technologies to enhance grid stability and support renewable integration.

The Asia-Pacific FESS market is poised for further development, driven by a combination of economic growth, energy transition goals, and favorable regulatory environments in the region. The growing energy storage market in this region is projected to play a huge role in the growth of the flywheel market in this region. The growing automobile industry, particularly in countries such as Germany and Italy are, further, increasing the demand for flywheel energy storage systems in Europe. Germany is known as the automobile and engineering hub of Europe.

Key Findings of the Study

• The global flywheel energy storage system market is expected to reach 1474.35 million by 2032, at a CAGR of 15% during the forecast period.


• The North America region accounted for the fastest-growing global market.


• Based on application, the Uninterrupted Power Supply segment was attributed to holding the largest market in 2023.


• Langley Holdings plc, Amber Kinetics, Inc., Stornetic GmbH, POWERTHRU, Energiestro, VYCON, Inc., mBc New Energy (Tianjin) Co., Ltd. (BNE), Beacon Power, LLC, PUNCH Flybrid and Kinetic Traction Systems, Inc.