Flywheel Energy Storage Market Size

Market Size in USD Bn

CAGR2.84%

Study Period	2024 - 2031
Base Year of Estimation	2023
CAGR	2.84%
Market Concentration	High
Major Players	Langley Holdings plc, Amber Kinetics, Inc, VYCON, PUNCH Flybrid, OXTO Energy and Among Others

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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Flywheel Energy Storage Market Analysis

The flywheel energy storage market is estimated to be valued at USD 1.43 Billion in 2024 and is expected to reach USD 1.74 Billion by 2031, growing at a compound annual growth rate (CAGR) of 2.84% from 2024 to 2031. The flywheel energy storage market is set to witness substantial growth owing to increasing demand for grid-level energy storage.