The Global Mechanical Energy Storage Market has grown significantly over the years and is expected to grow at a CAGR of 6.5% over the forecast period which ends in 2023, projects Market Research Future (MRFR) in a detailed study.
The global energy demand is experiencing a massive upturn due to booming population across the globe. Mechanical energy storage is used for various purposes including hydropower plants, in automotive engines, and large repositories.
At present, the Global Mechanical Energy Storage Market is in its growing stage propelled by the increase in demand for power and towering popularity of non-conventional energy sources.
The incessant need to curb electricity cost, especially at peak times is among the preliminary factors stimulating growth in the Global Mechanical Energy Storage Market. Storing electricity at off-peak times helps to limit electricity costs considerably and also ensures reliable, continued power supply in times of excessive power fluctuation and undependable power supply.
Owing to the long distance between generation and consumption of energy, there is often a chance of supply interruption and network failures which further induces high demand for mechanical energy storage.
Emerging energy systems coupled with the growing scarcity of energy will result in a high reliance on effective and economical energy storage options for a plethora of services which will further accelerate the growth in the Global Mechanical Energy Storage Market.
However, storage technologies such as pumped hydro and others have limited applicability which constrain the growth of the market over the forecast period. Such technologies are also at threat from alternative disruptive technologies which are gaining commercial traction. In addition, mechanical energy storage technologies are prohibitively costly which too dampens the growth of the Global Mechanical Energy Storage Market.
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Competitive Landscape
- Powerthru (Canada)
- DeWalt, (U.S)
- Ingersoll Rand (U.S)
- Beacon Power (U.S)
- Hitachi, Ltd. (Japan)
- Atlas Copco AB (Sweden)
- Sulzer Ltd. (Switzerland)
- Porter-Cable (U.S)
- Active Power Inc.(U.S)
- Voith GmbH (Germany)
- Kirloskar Pneumatic Co Ltd. (India)
- Schwungrad Energie Limited, (Ireland)
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
Segmentation
The Global Mechanical Energy Storage Market has been segmented based on type and end user.
By Type
- Rpumped hydro storage (PHS)
- Rcompressed air energy storage (CAES)
- Flywheels
By End User
- Industrial
- Commercial
- Residential
Regional Analysis
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (Row)
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Table of Contents
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.2 Research Process
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 Energy Harvesting Trees Market, By Component
4.1 Introduction
4.2 Nanoleaves
4.3 Long Tower
4.4 LEDs
4.5 Batteries
4.6 Others
5 Global Energy Harvesting Trees Market, By Technology
5.1 Introduction
5.2 Photovoltaic
5.3 Thermovoltaics
5.4 Piezovoltaic
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6 Global Energy Harvesting Trees Market, By Application
6.1 Introduction
6.2 Commercial
6.3 Residential
7 Regional Market Analysis
To be Continue …….…,
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