A flow battery, or redox flow battery , is a type of electrochemical cell where chemical energy is provided by two chemical components dissolved in liquids contained within the system and separated by a membrane.
New electricity generating capacity of local renewable energy producers, such as solar and wind, which experience fluctuating power output will generate the need for flow batteries’ storage systems as they provide frequency regulation and voltage support for utilities.
In the coming years, Western Europe, Japan and United States are expected to register significant growth, due to growing environmental concerns and significant demand for industrial applications.
APEJ is expected to register significant growth due to the growing demand for flow batteries from end user applications in developing countries, such as China and India. The APEJ market is expected to witness significant growth in the coming years, owing to frequent power outages in the countries and ongoing investment in large scale energy storage systems.
In 2019, the market size of Flow Batteries is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Flow Batteries.
This report studies the global market size of Flow Batteries, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Flow Batteries production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
EnerVault
Imergy Power Systems
Primus Power
Prudent Energy
Aquion Energy
EnSync Energy Systems
Redflow
Sumitomo Electric
UniEnergy Technologies
Vionx Energy
ESS
Gildemeister Energy Solutions
RedFlow
redT Energy
SCHMID
ViZn Energy
EnSync Energy
Market Segment by Product Type
Redox
Hybrid
Membrane Less
Market Segment by Application
Power
Automotive
Industrial
Residential
Others
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Flow Batteries status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Flow Batteries manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Flow Batteries are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Flow Batteries. Industry analysis & Market Report on Flow Batteries is a syndicated market report, published as Global (United States, European Union and China) Flow Batteries Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Flow Batteries market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.