The global flywheel energy storage systems (FESS) market was estimated at USD 461.11 billion in 2024 and is projected to reach USD 631.81 billion by 2030, growing at a CAGR of 5.2% from 2025 to 2030. This growth is being driven by a combination of factors that are reshaping the global energy landscape.
One of the primary drivers is the rising demand for reliable and clean energy sources, as industries and governments around the world continue to seek alternatives to fossil fuels. This trend is further reinforced by increasing regulatory support for clean power generation, which is encouraging the adoption of advanced energy storage technologies.
The ability of flywheel systems to deliver uninterrupted power supply (UPS) solutions makes them particularly valuable in regions with unstable grid infrastructure, including many developing countries and remote locations. By ensuring consistent power delivery, flywheels are emerging as a dependable choice for critical applications where power interruptions can have significant consequences.
Another important growth factor is the integration of flywheel energy storage with renewable energy sources such as wind and solar. Flywheels play a crucial role in addressing the variability of renewables, helping to stabilize grids and ensure smoother energy distribution. Their long operational lifespan, high energy efficiency, and low maintenance needs compared to conventional battery storage technologies add to their appeal, making them cost-effective and sustainable over the long term.
As a result, flywheel systems are finding increasing applications in data centers, distributed energy generation, and industrial facilities, where reliability, durability, and efficiency are critical. Together, these advantages position FESS as a vital technology supporting the transition toward a more resilient, sustainable, and low-carbon energy future.
Key Market Trends Insights:
• In 2024, North America dominated the global Flywheel Energy Storage Systems (FESS) market, accounting for the largest revenue share of over 78.15%. This regional leadership is largely attributed to strong investments in advanced energy storage technologies, supportive government policies promoting clean energy adoption, and the presence of well-established infrastructure that enables large-scale deployment of flywheel systems.
• Within the region, the U.S. market for flywheel energy storage systems is expanding rapidly, supported by rising demand for uninterrupted power supply solutions, increasing integration of renewable energy into the national grid, and growing adoption of smart grid technologies. The country’s focus on sustainability and grid modernization is further fueling opportunities for FESS implementation across diverse industries.
• From an application perspective, the “others” segment held the largest share of the market in 2024, with 45.55% of total revenue. This segment includes a wide range of emerging applications such as transportation systems, defense, aerospace, and industrial operations, where flywheel systems are gaining traction due to their durability, long lifecycle, and ability to deliver high-power output with minimal maintenance requirements.
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Market Size Forecast:
• 2024 Market Size: USD 461.11 Billion
• 2030 Projected Market Size: USD 631.81 Billion
• CAGR (2025-2030): 5.2%
• North America: Largest market in 2024
Key Companies Market Share Insights:
The Flywheel Energy Storage Systems (FESS) market is defined by a highly competitive landscape, with several leading companies playing a pivotal role in advancing innovation and shaping industry growth. Among the most prominent market participants are Active Power, Amber Kinetics, Beacon Power, and Stornetic, each of which brings distinct strengths and technological expertise to the sector.
These companies are actively engaged in the development and deployment of specialized flywheel solutions designed to meet the evolving requirements of multiple applications, including uninterruptible power supply (UPS) systems, data centers, and distributed energy generation projects. By focusing on factors such as efficiency, reliability, and cost-effectiveness, they are enabling industries and utilities to adopt flywheel systems as a sustainable and high-performance alternative to conventional storage methods.
Through continuous investment in research, product development, and strategic collaborations, these players are not only enhancing their market presence but also contributing to the broader adoption of FESS technology across global energy markets.
Key Players
• Langley Holdings plc
• Amber Kinetics, Inc.
• Stornetic GmbH
• Energiestro
• VYCON, Inc.
• Bc New Energy (Tianjin) Co., Ltd. (BNE)
• Beacon Power, LLC
• PUNCH Flybrid
• Kinetic Traction Systems, Inc.
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Conclusion:
The global Flywheel Energy Storage Systems (FESS) market is witnessing promising growth, propelled by its appeal as a clean, efficient, and long-lasting alternative to traditional energy storage technologies. Key advantages—such as high reliability, minimal maintenance requirements, and suitability for integration with renewable energy sources—position FESS as a compelling solution in regions with intermittent grid performance. Critical applications, including data centers and distributed energy generation, are driving demand, with North America emerging as a dominant regional market, supported by technological investments and strong regulatory support.
