The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com
Mechanical Energy Storage-Global Market Insights and Sales Trends 2025
Synopsis
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.
The global Mechanical Energy Storage market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Mechanical Energy Storage in various end use industries. The expanding demands from the Industrial, Commercial and Residential,, are propelling Mechanical Energy Storage market. Pumped Hydro Storage (PHS), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Compressed Air Energy Storage (CAES) segment is estimated at % CAGR for the next seven-year period.
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%.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Mechanical Energy Storage, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Mechanical Energy Storage market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Mechanical Energy Storage market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Mechanical Energy Storage sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Mechanical Energy Storage covered in this report include Voith, Sulzer, DeWalt, Ingersoll Rand, Hitachi, Porter-Cable, Kirloskar Pneumatic, Atlas Copco and Active Power, etc.
The global Mechanical Energy Storage market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Voith
Sulzer
DeWalt
Ingersoll Rand
Hitachi
Porter-Cable
Kirloskar Pneumatic
Atlas Copco
Active Power
Beacon Power
Powerthru
Schwungrad Energie
Global Mechanical Energy Storage market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Mechanical Energy Storage market, Segment by Type:
Pumped Hydro Storage (PHS)
Compressed Air Energy Storage (CAES)
Others
Global Mechanical Energy Storage market, by Application
Industrial
Commercial
Residential
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Mechanical Energy Storage companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
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.
The global Mechanical Energy Storage market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Mechanical Energy Storage in various end use industries. The expanding demands from the Industrial, Commercial and Residential,, are propelling Mechanical Energy Storage market. Pumped Hydro Storage (PHS), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Compressed Air Energy Storage (CAES) segment is estimated at % CAGR for the next seven-year period.
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%.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Mechanical Energy Storage, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Mechanical Energy Storage market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Mechanical Energy Storage market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Mechanical Energy Storage sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Mechanical Energy Storage covered in this report include Voith, Sulzer, DeWalt, Ingersoll Rand, Hitachi, Porter-Cable, Kirloskar Pneumatic, Atlas Copco and Active Power, etc.
The global Mechanical Energy Storage market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Voith
Sulzer
DeWalt
Ingersoll Rand
Hitachi
Porter-Cable
Kirloskar Pneumatic
Atlas Copco
Active Power
Beacon Power
Powerthru
Schwungrad Energie
Global Mechanical Energy Storage market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Mechanical Energy Storage market, Segment by Type:
Pumped Hydro Storage (PHS)
Compressed Air Energy Storage (CAES)
Others
Global Mechanical Energy Storage market, by Application
Industrial
Commercial
Residential
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter Three: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter Four: Detailed analysis of Mechanical Energy Storage companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Mechanical Energy Storage
1.1 Mechanical Energy Storage Market Overview
1.1.1 Mechanical Energy Storage Product Scope
1.1.2 Mechanical Energy Storage Market Status and Outlook
1.2 Global Mechanical Energy Storage Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Mechanical Energy Storage Market Size by Region (2018-2029)
1.4 Global Mechanical Energy Storage Historic Market Size by Region (2018-2023)
1.5 Global Mechanical Energy Storage Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Mechanical Energy Storage Market Size (2018-2029)
1.6.1 North America Mechanical Energy Storage Market Size (2018-2029)
1.6.2 Europe Mechanical Energy Storage Market Size (2018-2029)
1.6.3 Asia-Pacific Mechanical Energy Storage Market Size (2018-2029)
1.6.4 Latin America Mechanical Energy Storage Market Size (2018-2029)
1.6.5 Middle East & Africa Mechanical Energy Storage Market Size (2018-2029)
2 Mechanical Energy Storage Market by Type
2.1 Introduction
2.1.1 Pumped Hydro Storage (PHS)
2.1.2 Compressed Air Energy Storage (CAES)
2.1.3 Others
2.2 Global Mechanical Energy Storage Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Mechanical Energy Storage Historic Market Size by Type (2018-2023)
2.2.2 Global Mechanical Energy Storage Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Mechanical Energy Storage Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Mechanical Energy Storage Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Mechanical Energy Storage Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Mechanical Energy Storage Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Mechanical Energy Storage Revenue Breakdown by Type (2018-2029)
3 Mechanical Energy Storage Market Overview by Application
3.1 Introduction
3.1.1 Industrial
3.1.2 Commercial
3.1.3 Residential
3.2 Global Mechanical Energy Storage Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Mechanical Energy Storage Historic Market Size by Application (2018-2023)
3.2.2 Global Mechanical Energy Storage Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Mechanical Energy Storage Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Mechanical Energy Storage Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Mechanical Energy Storage Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Mechanical Energy Storage Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Mechanical Energy Storage Revenue Breakdown by Application (2018-2029)
4 Mechanical Energy Storage Competition Analysis by Players
4.1 Global Mechanical Energy Storage Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Mechanical Energy Storage as of 2022)
4.3 Date of Key Players Enter into Mechanical Energy Storage Market
4.4 Global Top Players Mechanical Energy Storage Headquarters and Area Served
4.5 Key Players Mechanical Energy Storage Product Solution and Service
4.6 Competitive Status
4.6.1 Mechanical Energy Storage Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Voith
5.1.1 Voith Profile
5.1.2 Voith Main Business
5.1.3 Voith Mechanical Energy Storage Products, Services and Solutions
5.1.4 Voith Mechanical Energy Storage Revenue (US$ Million) & (2018-2023)
5.1.5 Voith Recent Developments
5.2 Sulzer
5.2.1 Sulzer Profile
5.2.2 Sulzer Main Business
5.2.3 Sulzer Mechanical Energy Storage Products, Services and Solutions
5.2.4 Sulzer Mechanical Energy Storage Revenue (US$ Million) & (2018-2023)
5.2.5 Sulzer Recent Developments
5.3 DeWalt
5.3.1 DeWalt Profile
5.3.2 DeWalt Main Business
5.3.3 DeWalt Mechanical Energy Storage Products, Services and Solutions
5.3.4 DeWalt Mechanical Energy Storage Revenue (US$ Million) & (2018-2023)
5.3.5 Ingersoll Rand Recent Developments
5.4 Ingersoll Rand
5.4.1 Ingersoll Rand Profile
5.4.2 Ingersoll Rand Main Business
5.4.3 Ingersoll Rand Mechanical Energy Storage Products, Services and Solutions
5.4.4 Ingersoll Rand Mechanical Energy Storage Revenue (US$ Million) & (2018-2023)
5.4.5 Ingersoll Rand Recent Developments
5.5 Hitachi
5.5.1 Hitachi Profile
5.5.2 Hitachi Main Business
5.5.3 Hitachi Mechanical Energy Storage Products, Services and Solutions
5.5.4 Hitachi Mechanical Energy Storage Revenue (US$ Million) & (2018-2023)
5.5.5 Hitachi Recent Developments
5.6 Porter-Cable
5.6.1 Porter-Cable Profile
5.6.2 Porter-Cable Main Business
5.6.3 Porter-Cable Mechanical Energy Storage Products, Services and Solutions
5.6.4 Porter-Cable Mechanical Energy Storage Revenue (US$ Million) & (2018-2023)
5.6.5 Porter-Cable Recent Developments
5.7 Kirloskar Pneumatic
5.7.1 Kirloskar Pneumatic Profile
5.7.2 Kirloskar Pneumatic Main Business
5.7.3 Kirloskar Pneumatic Mechanical Energy Storage Products, Services and Solutions
5.7.4 Kirloskar Pneumatic Mechanical Energy Storage Revenue (US$ Million) & (2018-2023)
5.7.5 Kirloskar Pneumatic Recent Developments
5.8 Atlas Copco
5.8.1 Atlas Copco Profile
5.8.2 Atlas Copco Main Business
5.8.3 Atlas Copco Mechanical Energy Storage Products, Services and Solutions
5.8.4 Atlas Copco Mechanical Energy Storage Revenue (US$ Million) & (2018-2023)
5.8.5 Atlas Copco Recent Developments
5.9 Active Power
5.9.1 Active Power Profile
5.9.2 Active Power Main Business
5.9.3 Active Power Mechanical Energy Storage Products, Services and Solutions
5.9.4 Active Power Mechanical Energy Storage Revenue (US$ Million) & (2018-2023)
5.9.5 Active Power Recent Developments
5.10 Beacon Power
5.10.1 Beacon Power Profile
5.10.2 Beacon Power Main Business
5.10.3 Beacon Power Mechanical Energy Storage Products, Services and Solutions
5.10.4 Beacon Power Mechanical Energy Storage Revenue (US$ Million) & (2018-2023)
5.10.5 Beacon Power Recent Developments
5.11 Powerthru
5.11.1 Powerthru Profile
5.11.2 Powerthru Main Business
5.11.3 Powerthru Mechanical Energy Storage Products, Services and Solutions
5.11.4 Powerthru Mechanical Energy Storage Revenue (US$ Million) & (2018-2023)
5.11.5 Powerthru Recent Developments
5.12 Schwungrad Energie
5.12.1 Schwungrad Energie Profile
5.12.2 Schwungrad Energie Main Business
5.12.3 Schwungrad Energie Mechanical Energy Storage Products, Services and Solutions
5.12.4 Schwungrad Energie Mechanical Energy Storage Revenue (US$ Million) & (2018-2023)
5.12.5 Schwungrad Energie Recent Developments
6 North America
6.1 North America Mechanical Energy Storage Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Mechanical Energy Storage Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Mechanical Energy Storage Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Mechanical Energy Storage Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Mechanical Energy Storage Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Mechanical Energy Storage Market Dynamics
11.1 Mechanical Energy Storage Industry Trends
11.2 Mechanical Energy Storage Market Drivers
11.3 Mechanical Energy Storage Market Challenges
11.4 Mechanical Energy Storage Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
Why ‘The Market Reports’
In Business:
Pre Sales Support:
Post Sales Support:
Turn Around Time:
Clients Served:
Clients Assisted:
Client Types:
Payment:
- Accept global payments [Credit Card / PayPal / Wire Transfer]
- Accept local payments in South Korea, Germany, China and India [Can pay in local currency]
Latest IT & Electronics Market Reports
Payments Accepted From
Connect with us at
Complete Secure Website
