Global Mechanical Energy Storage Market Growth (Status and Outlook) 2024-2030

Publication ID:

LPI12249034

Publication Date:

December 13, 2024

Pages:

102

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

IT Services [2]

Software [3]

Computing & Electronics [4]

Description:

The global Mechanical Energy Storage market size was valued at US$ million in 2023. With growing demand in downstream market, the Mechanical Energy Storage is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during review period.
The research report highlights the growth potential of the global Mechanical Energy Storage market. Mechanical Energy Storage are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Mechanical Energy Storage. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Mechanical Energy Storage market.
Energy storage is becoming increasingly important, especially in energy-management schemes, because it provides the capability of using off-peak power, generated by highly efficient base-load units to supply peak-period demands. Peaking power is usually generated by those units on a utility system that are least efficient and more costly to operate.
In February 2023, the Standardization Administration of China and the National Energy Administration issued the Guidelines on the Construction of New Energy Storage Standard System, which included 205 new energy storage standards. In the 14th Five-Year Plan and the 2035 Vision Target Outline, the energy storage industry, energy storage capacity, energy storage projects have been made requirements. In 2021, China issued the Guiding Opinions on Accelerating the Development of New Energy Storage, which specified a clear path for the development of energy storage industry. According to the data of CEC, the cumulative installed capacity of electrochemical energy storage power stations that put into operation was mainly distributed in the power side, and the total energy is 6.80 GWh, which accounted for 48.40% by the end of 2022.
According to CNESA, by the end of 2022, the cumulative installed capacity of power energy storage projects which has put into operation in the world was 237.2GW, with an annual growth rate of 15%. The cumulative installed capacity of new energy storage reached 45.7GW, which has nearly twice of the same period last year, with an annual growth rate of 80%. The lithium-ion battery occupied an absolute dominant position, with an annual growth rate of more than 85%. The global energy storage market developed rapidly, and the installed capacity of new power energy storage projects is 30.7GW, with a year-on-year growth of 98%. China, Europe and the United States continued to lead the development of the global energy storage market, collectively accounting for 86% of the global market.
According to CNESA statistics, by the end of 2022, the total installed capacity of power energy storage projects put into operation in China was 59.8GW, accounting for 25% of the total global market scale, with an annual growth rate of 38%. The cumulative installed capacity of new energy storage exceeded 10GW for the first time, reaching 13.1GW / 27.1, GWh. And the annual growth rate of power scale reached 128%, while the annual growth rate of energy scale reached 141%. The installed capacity of newly added power energy storage projects in China reached 16.5GW for the first time, among which the new capacity of pumped storage was 9.1GW. Among the new energy storage, lithium-ion battery occupied an absolute dominant position, accounting for 115%.
Key Features:
The report on Mechanical Energy Storage market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Mechanical Energy Storage market. It may include historical data, market segmentation by Type (e.g., Pumped Hydro Storage (PHS), Compressed Air Energy Storage (CAES)), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Mechanical Energy Storage market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Mechanical Energy Storage market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Mechanical Energy Storage industry. This include advancements in Mechanical Energy Storage technology, Mechanical Energy Storage new entrants, Mechanical Energy Storage new investment, and other innovations that are shaping the future of Mechanical Energy Storage.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Mechanical Energy Storage market. It includes factors influencing customer ' purchasing decisions, preferences for Mechanical Energy Storage product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Mechanical Energy Storage market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Mechanical Energy Storage market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Mechanical Energy Storage market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Mechanical Energy Storage industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Mechanical Energy Storage market.
Market Segmentation:
Mechanical Energy Storage market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Pumped Hydro Storage (PHS)
Compressed Air Energy Storage (CAES)
Others
Segmentation by application
Industrial
Commercial
Residential
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Voith
Sulzer
DeWalt
Ingersoll Rand
Hitachi
Porter-Cable
Kirloskar Pneumatic
Atlas Copco
Active Power
Beacon Power
Powerthru
Schwungrad Energie

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Mechanical Energy Storage Market Size 2019-2030
2.1.2 Mechanical Energy Storage Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 Mechanical Energy Storage Segment by Type
2.2.1 Pumped Hydro Storage (PHS)
2.2.2 Compressed Air Energy Storage (CAES)
2.2.3 Others
2.3 Mechanical Energy Storage Market Size by Type
2.3.1 Mechanical Energy Storage Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global Mechanical Energy Storage Market Size Market Share by Type (2019-2024)
2.4 Mechanical Energy Storage Segment by Application
2.4.1 Industrial
2.4.2 Commercial
2.4.3 Residential
2.5 Mechanical Energy Storage Market Size by Application
2.5.1 Mechanical Energy Storage Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global Mechanical Energy Storage Market Size Market Share by Application (2019-2024)
3 Mechanical Energy Storage Market Size by Player
3.1 Mechanical Energy Storage Market Size Market Share by Players
3.1.1 Global Mechanical Energy Storage Revenue by Players (2019-2024)
3.1.2 Global Mechanical Energy Storage Revenue Market Share by Players (2019-2024)
3.2 Global Mechanical Energy Storage Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 Mechanical Energy Storage by Regions
4.1 Mechanical Energy Storage Market Size by Regions (2019-2024)
4.2 Americas Mechanical Energy Storage Market Size Growth (2019-2024)
4.3 APAC Mechanical Energy Storage Market Size Growth (2019-2024)
4.4 Europe Mechanical Energy Storage Market Size Growth (2019-2024)
4.5 Middle East & Africa Mechanical Energy Storage Market Size Growth (2019-2024)
5 Americas
5.1 Americas Mechanical Energy Storage Market Size by Country (2019-2024)
5.2 Americas Mechanical Energy Storage Market Size by Type (2019-2024)
5.3 Americas Mechanical Energy Storage Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Mechanical Energy Storage Market Size by Region (2019-2024)
6.2 APAC Mechanical Energy Storage Market Size by Type (2019-2024)
6.3 APAC Mechanical Energy Storage Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe Mechanical Energy Storage by Country (2019-2024)
7.2 Europe Mechanical Energy Storage Market Size by Type (2019-2024)
7.3 Europe Mechanical Energy Storage Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Mechanical Energy Storage by Region (2019-2024)
8.2 Middle East & Africa Mechanical Energy Storage Market Size by Type (2019-2024)
8.3 Middle East & Africa Mechanical Energy Storage Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global Mechanical Energy Storage Market Forecast
10.1 Global Mechanical Energy Storage Forecast by Regions (2025-2030)
10.1.1 Global Mechanical Energy Storage Forecast by Regions (2025-2030)
10.1.2 Americas Mechanical Energy Storage Forecast
10.1.3 APAC Mechanical Energy Storage Forecast
10.1.4 Europe Mechanical Energy Storage Forecast
10.1.5 Middle East & Africa Mechanical Energy Storage Forecast
10.2 Americas Mechanical Energy Storage Forecast by Country (2025-2030)
10.2.1 United States Mechanical Energy Storage Market Forecast
10.2.2 Canada Mechanical Energy Storage Market Forecast
10.2.3 Mexico Mechanical Energy Storage Market Forecast
10.2.4 Brazil Mechanical Energy Storage Market Forecast
10.3 APAC Mechanical Energy Storage Forecast by Region (2025-2030)
10.3.1 China Mechanical Energy Storage Market Forecast
10.3.2 Japan Mechanical Energy Storage Market Forecast
10.3.3 Korea Mechanical Energy Storage Market Forecast
10.3.4 Southeast Asia Mechanical Energy Storage Market Forecast
10.3.5 India Mechanical Energy Storage Market Forecast
10.3.6 Australia Mechanical Energy Storage Market Forecast
10.4 Europe Mechanical Energy Storage Forecast by Country (2025-2030)
10.4.1 Germany Mechanical Energy Storage Market Forecast
10.4.2 France Mechanical Energy Storage Market Forecast
10.4.3 UK Mechanical Energy Storage Market Forecast
10.4.4 Italy Mechanical Energy Storage Market Forecast
10.4.5 Russia Mechanical Energy Storage Market Forecast
10.5 Middle East & Africa Mechanical Energy Storage Forecast by Region (2025-2030)
10.5.1 Egypt Mechanical Energy Storage Market Forecast
10.5.2 South Africa Mechanical Energy Storage Market Forecast
10.5.3 Israel Mechanical Energy Storage Market Forecast
10.5.4 Turkey Mechanical Energy Storage Market Forecast
10.5.5 GCC Countries Mechanical Energy Storage Market Forecast
10.6 Global Mechanical Energy Storage Forecast by Type (2025-2030)
10.7 Global Mechanical Energy Storage Forecast by Application (2025-2030)

11 Key Players Analysis
11.1 Voith
11.1.1 Voith Company Information
11.1.2 Voith Mechanical Energy Storage Product Offered
11.1.3 Voith Mechanical Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Voith Main Business Overview
11.1.5 Voith Latest Developments
11.2 Sulzer
11.2.1 Sulzer Company Information
11.2.2 Sulzer Mechanical Energy Storage Product Offered
11.2.3 Sulzer Mechanical Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Sulzer Main Business Overview
11.2.5 Sulzer Latest Developments
11.3 DeWalt
11.3.1 DeWalt Company Information
11.3.2 DeWalt Mechanical Energy Storage Product Offered
11.3.3 DeWalt Mechanical Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 DeWalt Main Business Overview
11.3.5 DeWalt Latest Developments
11.4 Ingersoll Rand
11.4.1 Ingersoll Rand Company Information
11.4.2 Ingersoll Rand Mechanical Energy Storage Product Offered
11.4.3 Ingersoll Rand Mechanical Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 Ingersoll Rand Main Business Overview
11.4.5 Ingersoll Rand Latest Developments
11.5 Hitachi
11.5.1 Hitachi Company Information
11.5.2 Hitachi Mechanical Energy Storage Product Offered
11.5.3 Hitachi Mechanical Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Hitachi Main Business Overview
11.5.5 Hitachi Latest Developments
11.6 Porter-Cable
11.6.1 Porter-Cable Company Information
11.6.2 Porter-Cable Mechanical Energy Storage Product Offered
11.6.3 Porter-Cable Mechanical Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 Porter-Cable Main Business Overview
11.6.5 Porter-Cable Latest Developments
11.7 Kirloskar Pneumatic
11.7.1 Kirloskar Pneumatic Company Information
11.7.2 Kirloskar Pneumatic Mechanical Energy Storage Product Offered
11.7.3 Kirloskar Pneumatic Mechanical Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Kirloskar Pneumatic Main Business Overview
11.7.5 Kirloskar Pneumatic Latest Developments
11.8 Atlas Copco
11.8.1 Atlas Copco Company Information
11.8.2 Atlas Copco Mechanical Energy Storage Product Offered
11.8.3 Atlas Copco Mechanical Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Atlas Copco Main Business Overview
11.8.5 Atlas Copco Latest Developments
11.9 Active Power
11.9.1 Active Power Company Information
11.9.2 Active Power Mechanical Energy Storage Product Offered
11.9.3 Active Power Mechanical Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 Active Power Main Business Overview
11.9.5 Active Power Latest Developments
11.10 Beacon Power
11.10.1 Beacon Power Company Information
11.10.2 Beacon Power Mechanical Energy Storage Product Offered
11.10.3 Beacon Power Mechanical Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Beacon Power Main Business Overview
11.10.5 Beacon Power Latest Developments
11.11 Powerthru
11.11.1 Powerthru Company Information
11.11.2 Powerthru Mechanical Energy Storage Product Offered
11.11.3 Powerthru Mechanical Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 Powerthru Main Business Overview
11.11.5 Powerthru Latest Developments
11.12 Schwungrad Energie
11.12.1 Schwungrad Energie Company Information
11.12.2 Schwungrad Energie Mechanical Energy Storage Product Offered
11.12.3 Schwungrad Energie Mechanical Energy Storage Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 Schwungrad Energie Main Business Overview
11.12.5 Schwungrad Energie Latest Developments
12 Research Findings and Conclusion

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