Overview of Flywheel UPS Market 2021-2029:
The Global Flywheel UPS Market in the renewable energy and defence industries is the main trend found in the global market for Flywheel UPS. Flywheels help wind and solar energy to enter into power systems, improving system stability. In applications involving renewable energy systems (RES) for grid frequency balancing, the rapid response characteristics of flywheels make them the preferred option.
The market is bifurcated into Healthcare, Oil and Gas, Defence, Automotive and Others. The automotive segment is projected to register the highest market share over the forecast period with a CAGR of 11.2%.
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The Major Players Covered in this Report: Active Power Solutions Ltd, Eaton Corporation, Elytt Energy, General Electric Company, GMMCO Limited (Caterpillar, Inc.), Hitec Electric Elektronik Tic. Ltd. -ti., Mitsubishi Electric Power Products Inc., Schneider Electric SE, VYCON, Inc., Schneider Electric among others.
By Application: Datacenters, Medical Imaging, Industrial Critical Process, Others
By Industry: Healthcare, Oil and Gas, Defence, Automotive, Others
Years that have been considered for the study of this report are as follows:
- History Year: 2015-2019
- Base Year: 2019
- Estimated Year: 2020
- Forecast Year: 2021 to 2029
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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Flywheel UPS in the Region:
Geographically, the region is anticipated to hold the largest market share in the global Flywheel UPS market during the forecast period 2021-2029. The growth in this region can be attributed to emerging economies like India, China, Japan, Vietnam, Indonesia, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa (LAMEA), which account for the largest share in this region.
Impact of COVID-19:
For most of 2020, the outbreak of the COVID-19 pandemic has kept individuals quarantine in their homes worldwide. Governments have restricted movement and prohibited travel around the world to stop the spread of the disease. Undoubtedly, this has caused individuals to want to escape from isolation and enjoy life as before. Due to the falling GDP and the disruption of large and small businesses, governments also appear to lift bans and ease restrictions from 2021. This period worked as a boon for the Flywheel UPS market as during this pandemic the population became more aware and adapted towards green energy and environment conservation.
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Why buy this report?
- Historical inferences, findings & analysis of the market from 2016 to 2018
- Projections and performance forecast analysis for the future from 2019 to 2029
- Production and consumption point of view (POV) analysis
- Market drivers, restraint and opportunity analysis, to define market dynamics covering industry, regulatory, innovation, technological & pricing trends
- Comprehensive competitive landscape mapping with recent development covering market leadership, competency, sustainability, and prospects
You can also access an individual chapter-wise section or region wise report versions like North America, Europe, Asia Pacific, and Latin America.
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