Industry: Service & Software
Published Date: 2025-02-27
Pages: 108 Pages
Report ld: 4319107
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The global market for Mechanical Energy Storage was estimated to be worth US$ million in 2024 and is forecast to a readjusted size of US$ million by 2031 with a CAGR of %during the forecast period 2025-2031.
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%.
This report aims to provide a comprehensive presentation of the global market for Mechanical Energy Storage, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Mechanical Energy Storage by region & country, by Type, and by Application.
The Mechanical Energy Storage market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Mechanical Energy Storage.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Mechanical Energy Storage company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: 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 4: 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 5: Revenue of Mechanical Energy Storage in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Mechanical Energy Storage in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
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We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
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All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
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TABLE OF CONTENTS
1 Market Overview
1.1 Mechanical Energy Storage Product Introduction
1.2 Global Mechanical Energy Storage Market Size Forecast (2020-2031)
1.3 Mechanical Energy Storage Market Trends & Drivers
1.3.1 Mechanical Energy Storage Industry Trends
1.3.2 Mechanical Energy Storage Market Drivers & Opportunity
1.3.3 Mechanical Energy Storage Market Challenges
1.3.4 Mechanical Energy Storage Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Mechanical Energy Storage Players Revenue Ranking (2024)
2.2 Global Mechanical Energy Storage Revenue by Company (2020-2025)
2.3 Key Companies Mechanical Energy Storage Manufacturing Base Distribution and Headquarters
2.4 Key Companies Mechanical Energy Storage Product Offered
2.5 Key Companies Time to Begin Mass Production of Mechanical Energy Storage
2.6 Mechanical Energy Storage Market Competitive Analysis
2.6.1 Mechanical Energy Storage Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by Mechanical Energy Storage Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Mechanical Energy Storage as of 2024)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Pumped Hydro Storage (PHS)
3.1.2 Compressed Air Energy Storage (CAES)
3.1.3 Others
3.2 Global Mechanical Energy Storage Sales Value by Type
3.2.1 Global Mechanical Energy Storage Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Mechanical Energy Storage Sales Value, by Type (2020-2031)
3.2.3 Global Mechanical Energy Storage Sales Value, by Type (%) (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Industrial
4.1.2 Commercial
4.1.3 Residential
4.2 Global Mechanical Energy Storage Sales Value by Application
4.2.1 Global Mechanical Energy Storage Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Mechanical Energy Storage Sales Value, by Application (2020-2031)
4.2.3 Global Mechanical Energy Storage Sales Value, by Application (%) (2020-2031)
5 Segmentation by Region
5.1 Global Mechanical Energy Storage Sales Value by Region
5.1.1 Global Mechanical Energy Storage Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Mechanical Energy Storage Sales Value by Region (2020-2025)
5.1.3 Global Mechanical Energy Storage Sales Value by Region (2026-2031)
5.1.4 Global Mechanical Energy Storage Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America Mechanical Energy Storage Sales Value, 2020-2031
5.2.2 North America Mechanical Energy Storage Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe Mechanical Energy Storage Sales Value, 2020-2031
5.3.2 Europe Mechanical Energy Storage Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific Mechanical Energy Storage Sales Value, 2020-2031
5.4.2 Asia Pacific Mechanical Energy Storage Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America Mechanical Energy Storage Sales Value, 2020-2031
5.5.2 South America Mechanical Energy Storage Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa Mechanical Energy Storage Sales Value, 2020-2031
5.6.2 Middle East & Africa Mechanical Energy Storage Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Mechanical Energy Storage Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Mechanical Energy Storage Sales Value, 2020-2031
6.3 United States
6.3.1 United States Mechanical Energy Storage Sales Value, 2020-2031
6.3.2 United States Mechanical Energy Storage Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Mechanical Energy Storage Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Mechanical Energy Storage Sales Value, 2020-2031
6.4.2 Europe Mechanical Energy Storage Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Mechanical Energy Storage Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Mechanical Energy Storage Sales Value, 2020-2031
6.5.2 China Mechanical Energy Storage Sales Value by Type (%), 2024 VS 2031
6.5.3 China Mechanical Energy Storage Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Mechanical Energy Storage Sales Value, 2020-2031
6.6.2 Japan Mechanical Energy Storage Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Mechanical Energy Storage Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Mechanical Energy Storage Sales Value, 2020-2031
6.7.2 South Korea Mechanical Energy Storage Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Mechanical Energy Storage Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Mechanical Energy Storage Sales Value, 2020-2031
6.8.2 Southeast Asia Mechanical Energy Storage Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Mechanical Energy Storage Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Mechanical Energy Storage Sales Value, 2020-2031
6.9.2 India Mechanical Energy Storage Sales Value by Type (%), 2024 VS 2031
6.9.3 India Mechanical Energy Storage Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Voith
7.1.1 Voith Profile
7.1.2 Voith Main Business
7.1.3 Voith Mechanical Energy Storage Products, Services and Solutions
7.1.4 Voith Mechanical Energy Storage Revenue (US$ Million) & (2020-2025)
7.1.5 Voith Recent Developments
7.2 Sulzer
7.2.1 Sulzer Profile
7.2.2 Sulzer Main Business
7.2.3 Sulzer Mechanical Energy Storage Products, Services and Solutions
7.2.4 Sulzer Mechanical Energy Storage Revenue (US$ Million) & (2020-2025)
7.2.5 Sulzer Recent Developments
7.3 DeWalt
7.3.1 DeWalt Profile
7.3.2 DeWalt Main Business
7.3.3 DeWalt Mechanical Energy Storage Products, Services and Solutions
7.3.4 DeWalt Mechanical Energy Storage Revenue (US$ Million) & (2020-2025)
7.3.5 DeWalt Recent Developments
7.4 Ingersoll Rand
7.4.1 Ingersoll Rand Profile
7.4.2 Ingersoll Rand Main Business
7.4.3 Ingersoll Rand Mechanical Energy Storage Products, Services and Solutions
7.4.4 Ingersoll Rand Mechanical Energy Storage Revenue (US$ Million) & (2020-2025)
7.4.5 Ingersoll Rand Recent Developments
7.5 Hitachi
7.5.1 Hitachi Profile
7.5.2 Hitachi Main Business
7.5.3 Hitachi Mechanical Energy Storage Products, Services and Solutions
7.5.4 Hitachi Mechanical Energy Storage Revenue (US$ Million) & (2020-2025)
7.5.5 Hitachi Recent Developments
7.6 Porter-Cable
7.6.1 Porter-Cable Profile
7.6.2 Porter-Cable Main Business
7.6.3 Porter-Cable Mechanical Energy Storage Products, Services and Solutions
7.6.4 Porter-Cable Mechanical Energy Storage Revenue (US$ Million) & (2020-2025)
7.6.5 Porter-Cable Recent Developments
7.7 Kirloskar Pneumatic
7.7.1 Kirloskar Pneumatic Profile
7.7.2 Kirloskar Pneumatic Main Business
7.7.3 Kirloskar Pneumatic Mechanical Energy Storage Products, Services and Solutions
7.7.4 Kirloskar Pneumatic Mechanical Energy Storage Revenue (US$ Million) & (2020-2025)
7.7.5 Kirloskar Pneumatic Recent Developments
7.8 Atlas Copco
7.8.1 Atlas Copco Profile
7.8.2 Atlas Copco Main Business
7.8.3 Atlas Copco Mechanical Energy Storage Products, Services and Solutions
7.8.4 Atlas Copco Mechanical Energy Storage Revenue (US$ Million) & (2020-2025)
7.8.5 Atlas Copco Recent Developments
7.9 Active Power
7.9.1 Active Power Profile
7.9.2 Active Power Main Business
7.9.3 Active Power Mechanical Energy Storage Products, Services and Solutions
7.9.4 Active Power Mechanical Energy Storage Revenue (US$ Million) & (2020-2025)
7.9.5 Active Power Recent Developments
7.10 Beacon Power
7.10.1 Beacon Power Profile
7.10.2 Beacon Power Main Business
7.10.3 Beacon Power Mechanical Energy Storage Products, Services and Solutions
7.10.4 Beacon Power Mechanical Energy Storage Revenue (US$ Million) & (2020-2025)
7.10.5 Beacon Power Recent Developments
7.11 Powerthru
7.11.1 Powerthru Profile
7.11.2 Powerthru Main Business
7.11.3 Powerthru Mechanical Energy Storage Products, Services and Solutions
7.11.4 Powerthru Mechanical Energy Storage Revenue (US$ Million) & (2020-2025)
7.11.5 Powerthru Recent Developments
7.12 Schwungrad Energie
7.12.1 Schwungrad Energie Profile
7.12.2 Schwungrad Energie Main Business
7.12.3 Schwungrad Energie Mechanical Energy Storage Products, Services and Solutions
7.12.4 Schwungrad Energie Mechanical Energy Storage Revenue (US$ Million) & (2020-2025)
7.12.5 Schwungrad Energie Recent Developments
8 Industry Chain Analysis
8.1 Mechanical Energy Storage Industrial Chain
8.2 Mechanical Energy Storage Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Mechanical Energy Storage Sales Model
8.5.2 Sales Channel
8.5.3 Mechanical Energy Storage Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
OVERVIEW
MARKET SEGMENTATION
CHAPTER OUTLINE
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
RLEATED REPORTS
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