Friday 5 February 2016, Amsterdam
The report, now available on ASDReports, recognizes the following companies as the 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.
Commenting on the report, an analyst said: “Fossil fuel is the most extensively used power source worldwide. However, combustion of fossil fuels releases a large amount of GHGs, causing global warming and extreme weather conditions. Several developed and developing countries are working on sustainable and clean energy sources such as wind, solar, and biofuels.”
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.
The study was conducted using an objective combination of primary and secondary information 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 vendors.
ASDReports.com contact: S. Koomen
ASDReports.com / ASDMedia BV - Veemkade 356 - 1019HD Amsterdam - The Netherlands
P : +31(0)20 486 1286 - F : +31(0)20 486 0216
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