Global flywheel energy storage system market is projected to grow at a steady CAGR in the forecast period of 2023-2027. The market is growing because of increasing demand of kinetic energy storage by small- and large-scale industries for the efficient functionality. Grid balancing, renewable integration, and power supply to islands and isolated grids is required for the fluidity of manufacturing and other working of various industries. Flywheel energy storage system fulfills the same for many industrial sectors thus driving the growth of the Global flywheel energy storage system market positively. The clean energy storage system is a perfect alternative to the fossil fuel derived energy and is preferred owing to the factor that fossil fuel is expensive, and exhaustive. Thus, driving the market toward the anticipated growth. The global flywheel energy storage system market is segmented by component, application, end user, and regional distribution. Based on applications the market is further fragmented into uninterrupted power supply, power quality, frequency regulation, voltage control, & others. Uninterrupted power supply (UPS) has asserted its dominance in the market and is projected to continue the dominance in the next five years too owing to the increasing demand for the clean and continued electricity supply in the all over industrial sectors. This is used to efficient working of all the electronic devices and equipment for a 24x7 time cycle even during power outage. Based on the component the market is further categorized into rotor system, bearing system, and generator system. Rotor system dominates the segment of the market owing to the basic functionality of flywheel energy storage system. The rotor system performs the efficient flow of electricity by converting it from the stored kinetic energy in the system. Some of the major players in the market are Active Power Inc., Amber Kinetics, Inc., Beacon Power, LLC, Calnetix Technologies, LLC, Piller Group GmbH, Powerthru, VYCON, Inc., Stornetic GmbH, Energiestro, Oxto Energy, among others. The competitors are continuously involved in research and development and various mergers and acquisitions for the advancement of their services as well as the growth of market. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=7318 For More Information Visit: https://www.techsciresearch.com/report/flywheel-energy-storage-system-market/7318.html