The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Andritz AG, Beacon Power LLC, General Electric Co., Gilbert Gilkes & Gordon Ltd., Hitachi Ltd., Melrose Industries Plc, Siemens AG, STORNETIC GmbH, and Toshiba Corp. are some of the major market participants.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Growing energy storage requirement has been instrumental in driving the growth of the market. However, increasing energy storage alternatives might hamper the market growth.
Mechanical Energy Storage Market 2021-2025: Segmentation
Mechanical Energy Storage Market is segmented as below:
- Technology
- Pumped Hydroelectric
- Flywheel
- Others
- Geography
- APAC
- North America
- Europe
- South America
- MEA
Learn more about the additional trends impacting the future of the market and the positive and negative consequences on the businesses. Download a Free Sample Now!
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Mechanical Energy Storage Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our mechanical energy storage market report covers the following areas:
This study identifies renewables integration with energy storage as one of the prime reasons driving the mechanical energy storage market growth during the next few years.
Mechanical Energy Storage Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the Mechanical Energy Storage Market. Backed with competitive intelligence and benchmarking, our research reports on the Mechanical Energy Storage Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Subscribe to our "Lite Plan" billed annually at USD 3000 to join our community and view 3 reports monthly and download 3 reports annually.
Mechanical Energy Storage Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist mechanical energy storage market growth during the next five years
- Estimation of the mechanical energy storage market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the mechanical energy storage market
- Analysis of the market's competitive landscape and detailed information on vendors
Mechanical Energy Storage Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
Market growth 2021-2025 |
58.27 GW |
Market structure |
Fragmented |
YoY growth (%) |
5.14 |
Regional analysis |
APAC, North America, Europe, South America, and MEA |
Performing market contribution |
APAC at 39% |
Key consumer countries |
US, China, Japan, Germany, and South Korea (Republic of Korea) |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
ABB Ltd., Andritz AG, Beacon Power LLC, General Electric Co., Gilbert Gilkes & Gordon Ltd., Hitachi Ltd., Melrose Industries Plc, Siemens AG, STORNETIC GmbH, and Toshiba Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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