https://www.maximizemarketresearch.com/market-report/flywheel-energy-storage-system-market/122077/ Flywheel Energy Storage System Market Overview: The Flywheel Energy Storage System Market was valued at US $ 303.74 Mn. in 2021, and it is expected to reach US $ 542.53 Mn. by 2029 with a CAGR of 7.52% during the forecast period. Flywheel energy storage (FES) systems operate by spinning a flywheel at a high frequency and storing energy in the form of rotary energy in the device. When the energy is captured, the fly-rotational wheel's speed is reduced as a result of the energy savings principle; adding more power to the device causes the fly-wheel speed to increase. The modern FES systems are generally made up of composites of high-performance carbon-fiber rotors suspended by magnet bearings and rotating at speeds ranging from 20,000 to over 50,000 rpm in a vacuum environment. These flywheels can reach their energy capacity significantly faster than any other form of storage, in a couple of minutes. A flywheel is supported by a motor-generator rolling element bearing in a typical setup. To reduce friction and energy loss, the float wheel and often the engine generator are placed in a vacuum chamber. The first generation of flywheel energy storage systems features a large steel flywheel rotating on mechanical lockers.