Mechanical Energy Storage Market Research Report- Forecast to 2027

Global Mechanical Energy Storage Market Information Report by Type (Pumped Hydro Storage (PHS), Compressed Air Energy Storage (CAES) and Flywheels), By End User (Industrial, Commercial and Residential) and By Regions - Forecast to 2027

ID: MRFR/E&P/2376-HCR | February 2021 | Region: Global | 111 pages

Please note that the assessment period of report has been updated from 2017-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Scenario:


Mechanical energy storage has been by far the largest form of energy storage around the world so far as it is comprised of systems such as, pumped hydro storage (PHS), compressed air energy storage (CAES) and flywheels. These systems are extensively used and are beneficial on large scale in various industrial, commercial and residential uses.


Mechanical energy storage is an essential part of our modern life for storing energy, which surrounds various common aspects, such as hydro power plant over a dam, flywheel in an automotive engine and compressed air stored in large repositories. All these systems include a range of technologies and techniques for storing energy for use at a later time. Mechanical energy storage systems have a great potential to grow, owing to its numerous beneficial factors such as, backup energy storage and cheap & effective source of energy. However, disapproval of governments in initiating capital inducement projects, can hinder the mechanical energy storage market. Also, the high cost of pumped hydro storage infrastructure with safety concern regarding it and the development of modern technology with alternative product launch can restrain global mechanical energy storage market.


The Global Mechanical Energy Storage Market is expected to grow at a CAGR of 6.5% during the forecast period.


Study Objectives of Global Mechanical Energy Storage Market:



  • To provide detailed analysis of the market structure along with forecast for the next five years of the various segments and sub-segments of the global mechanical energy storage market

  • To provide insights about factors affecting the market growth

  • To analyze the global mechanical energy storage market based on various tools such as Supply Chain Analysis, and Porter’s Five Forces Analysis

  • To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries

  • To provide country level analysis of the market with respect to the current market size and future prospective

  • To provide country level analysis of the market for segments by material type, product, application and region

  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market

  • To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the mechanical energy storage market


Market Segmentation: Mechanical Energy Storage Market Segmentation


Global Mechanical Energy Storage Market:


Currently, the mechanical energy storage market is in the growth stage. This is due to the increase in demand for power, and cross-border power transmission, global initiatives to use more renewable and non-conventional energy sources, smart grids, & the global need to restrict carbon emission will boost the global mechanical energy storage market. The Asia-Pacific region is the leading market for energy storage market and is followed by Europe and North-America.


Key Players:


The key players of global mechanical energy storage market are Voith GmbH (Germany), Sulzer Ltd. (Switzerland), DeWalt, (U.S), Ingersoll Rand (U.S), Hitachi, Ltd. (Japan), Porter-Cable (U.S), Kirloskar Pneumatic Co Ltd. (India), Atlas Copco AB (Sweden), Active Power Inc.(U.S), Beacon Power (U.S), Powerthru (Canada) and Schwungrad Energie Limited, (Ireland).


Intended Audience:



  • Distributer & Supplier companies

  • End Users

  • Consultants and Investment bankers

  • Government as well as Independent Regulatory Authorities


Product Analysis:



  • Product matrix which gives a detailed comparison of the market for different recycled product types


Additional Information:



  • Regulatory Landscape

  • Pricing Analysis

  • Macroeconomic Indicators


Geographic Analysis:



  • Geographical analysis across 15 countries


Company Information:



  • Profiling of 12 key market players

  • In-depth analysis including SWOT analysis, and strategy information of related to report title

  • Competitive landscape including emerging trends adopted by major companies


The report for Global Mechanical Energy Storage Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.



Frequently Asked Questions (FAQ) :


The mechanical energy storage market is anticipated to mark 6.5% CAGR.

The type-based segments are Compressed Air Energy Storage (CAES), Pumped Hydro Storage (PHS), and flywheel.

The end-user segments are residential, industrial, and commercial.

The mechanical energy storage market is supposed to be led by Asia Pacific.

Powerthru (Canada), Voith GmbH (Germany), DeWalt, (U.S), Sulzer Ltd. (Switzerland), Ingersoll Rand (U.S), Porter-Cable (U.S), Hitachi, Ltd. (Japan), Kirloskar Pneumatic Co Ltd. (India), Active Power Inc.(U.S), Atlas Copco AB (Sweden), Beacon Power (U.S), and Schwungrad Energie Limited, (Ireland).

Table of Contents

Table of Contents

1 Executive Summary

2 Research Methodology

2.1 Scope of the Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Mechanical Energy Storage Market, By Type

4.1 Introduction

4.2 Pumped Hydro Storage (PHS)

4.3 Compressed Air Energy Storage (CAES)

4.4 Flywheels

5 Global Mechanical Energy Storage Market, By End User

5.1 Introduction

5.2 Industrial

5.3 Commercial

5.4 Residential

6 Regional Market Analysis

6.1 Introduction

6.2 North America

6.2.1 U.S.

6.2.2 Canada

6.3 Europe

6.3.1 U.K.

6.3.2 France

6.3.3 Germany

6.3.4 Rest of Europe

6.4 Asia-Pacific

6.4.1 China

6.4.2 Japan

6.4.3 India

6.4.4 Rest of Asia-Pacific

6.5 Rest of the World

7 Competitive Analysis

7.1 Introduction

7.2 Competitive Scenario

7.2.1 Market Share Analysis

7.2.2 Market Development Analysis

7.2.3 Insulation Type/Service Benchmarking

7.3 Voith GmbH (Germany)

7.3.1 Overview

7.3.2 Insulation Type/Service Offering

7.3.3 Strategy

7.4 Sulzer Ltd. (Switzerland)

7.4.1 Overview

7.4.2 Insulation Type/Service Offering

7.4.3 Strategy

7.5 DeWalt, (U.S)

7.5.1 Overview

7.5.2 Insulation Type/Service Offering

7.5.3 Strategy

7.6 Ingersoll Rand (U.S)

7.6.1 Overview

7.6.2 Insulation Type/Service Offering

7.6.3 Strategy

7.7 Hitachi, Ltd. (Japan)

7.7.1 Overview

7.7.2 Insulation Type/Service Offering

7.7.3 Strategy

7.8 Porter-Cable (U.S)

7.8.1 Overview

7.8.2 Insulation Type/Service Offering

7.8.3 Strategy

7.9 Kirloskar Pneumatic Co Ltd. (India)

7.9.1 Overview

7.9.2 Insulation Type/Service Offering

7.9.3 Strategy

7.10 Atlas Copco AB (Sweden)

7.10.1 Overview

7.10.2 Insulation Type/Service Offering

7.10.3 Strategy

7.11 Active Power Inc.(U.S)

7.11.1 Overview

7.11.2 Insulation Type/Service Offering

7.11.3 Strategy

7.12 Beacon Power (U.S)

7.12.1 Overview

7.12.2 Insulation Type/Service Offering

7.12.3 Strategy

7.13 Powerthru (Canada)

7.13.1 Overview

7.13.2 Insulation Type/Service Offering

7.13.3 Strategy

7.14 Schwungrad Energie Limited, (Ireland)

7.14.1 Overview

7.14.2 Insulation Type/Service Offering

7.14.3 Strategy

LIST OF TABLES

TABLE 1 GLOBAL MECHANICAL ENERGY STORAGE MARKET, BY TYPE

TABLE 2 GLOBAL MECHANICAL ENERGY STORAGE MARKET, BY END USER

TABLE 3 GLOBAL MECHANICAL ENERGY STORAGE MARKET, BY REGIONS

TABLE 4 NORTH AMERICA MECHANICAL ENERGY STORAGE MARKET, BY TYPE

TABLE 5 NORTH AMERICA MECHANICAL ENERGY STORAGE MARKET, BY END USER

TABLE 6 U.S. MECHANICAL ENERGY STORAGE MARKET, BY TYPE

TABLE 7 U.S. MECHANICAL ENERGY STORAGE MARKET, BY END USER

TABLE 8 CANADA MECHANICAL ENERGY STORAGE MARKET, BY TYPE

TABLE 9 CANADA MECHANICAL ENERGY STORAGE MARKET, BY END USER

TABLE 10 EUROPE MECHANICAL ENERGY STORAGE MARKET, BY TYPE

TABLE 11 EUROPE MECHANICAL ENERGY STORAGE MARKET, BY END USER

TABLE 12 GERMANY MECHANICAL ENERGY STORAGE MARKET, BY TYPE

TABLE 13 GERMANY MECHANICAL ENERGY STORAGE MARKET, BY END USER

TABLE 14 FRANCE MECHANICAL ENERGY STORAGE MARKET, BY TYPE

TABLE 15 FRANCE MECHANICAL ENERGY STORAGE MARKET, BY END USER

TABLE 16 U.K. MECHANICAL ENERGY STORAGE MARKET, BY TYPE

TABLE 17 U.K. MECHANICAL ENERGY STORAGE MARKET, BY END USER

TABLE 18 REST OF EUROPE MECHANICAL ENERGY STORAGE MARKET, BY TYPE

TABLE 19 REST OF EUROPE MECHANICAL ENERGY STORAGE MARKET, BY END USER

TABLE 20 ASIA-PACIFIC MECHANICAL ENERGY STORAGE MARKET, BY TYPE

TABLE 21 ASIA-PACIFIC MECHANICAL ENERGY STORAGE MARKET, BY END USER

TABLE 22 ROW MECHANICAL ENERGY STORAGE MARKET, BY TYPE

TABLE 23 ROW MECHANICAL ENERGY STORAGE MARKET, BY END USER  

LIST OF FIGURES

FIGURE 1 RESEARCH INSULATION TYPE

FIGURE 2 GLOBAL MECHANICAL ENERGY STORAGE MARKET: BY TYPE (%)

FIGURE 3 GLOBAL MECHANICAL ENERGY STORAGE MARKET: BY END USER (%)

FIGURE 4 GLOBAL MECHANICAL ENERGY STORAGE MARKET: BY REGION

FIGURE 5 NORTH AMERICA MECHANICAL ENERGY STORAGE MARKET, BY TYPE (%)

FIGURE 6 NORTH AMERICA MECHANICAL ENERGY STORAGE MARKET, BY END USER (%)

FIGURE 7 EUROPE MECHANICAL ENERGY STORAGE MARKET, BY TYPE (%)

FIGURE 8 EUROPE MECHANICAL ENERGY STORAGE MARKET, BY END USER (%)

FIGURE 9 ASIA-PACIFIC MECHANICAL ENERGY STORAGE MARKET, BY TYPE (%)

FIGURE 10 ASIA-PACIFIC MECHANICAL ENERGY STORAGE MARKET, BY END USER (%)

FIGURE 11 ROW MECHANICAL ENERGY STORAGE MARKET, BY TYPE (%)

FIGURE 12 ROW MECHANICAL ENERGY STORAGE MARKET, BY END USER (%)