Over the next five years Redox Flow Battery will register a 14.1% CAGR in terms of revenue, reach US$ 280 million by 2023, from US$ 130 million in 2017.
Global Redox Flow Battery Market report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
A flow battery, or redox flow battery (after reduction–oxidation), is a type of rechargeable battery where recharge ability is provided by two chemical components dissolved in liquids contained within the system and separated by a membrane. Ion exchange (providing flow of electric current) occurs through the membrane while both liquids circulate in their own respective space. Cell voltage is chemically determined by the Nernst equation and ranges, in practical applications, from 1.0 to 2.2 volts. The performance of these devices is governed by the considerations of electrochemical engineering.
North America and Asia-Pacific are the two largest countries with flow batteries Installation Capacity in the world, both the two countries take more than 80% of the world in 2017. Europe behind them, with about 15.09% market share.
There are more than seven main types of flow batteries in mass production or development stage in the market now. Vanadium Flow Battery is the main types, which can occupied about 70 percent revenue market share.
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The Key Manufacturers Covered:
• Sumitomo Electric
• Dalian Rongke Power
• UniEnergy Technologies
• Gildemeister
• Primus Power
• redTENERGY Storage
• EnSync
This report presents a comprehensive overview, market shares, and growth opportunities of Redox Flow Battery market by product type, application, key manufacturers and key regions.
This report also splits the market by region:
• Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• Korea
• Southeast Asia and More…
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Research objectives
• To analyze the Redox Flow Battery with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the consumption of Redox Flow Battery submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies and More…
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Redox Flow Battery Consumption 2013-2023
2.1.2 Redox Flow Battery Consumption CAGR by Region
2.2 Redox Flow Battery Segment by Type
2.2.1 Vanadium Redox Flow Battery
2.2.2 Hybrid Flow Battery
2.3 Redox Flow Battery Consumption by Type
2.3.1 Global Redox Flow Battery Consumption Market Share by Type (2013-2018)
2.3.2 Global Redox Flow Battery Revenue and Market Share by Type (2013-2018)
2.3.3 Global Redox Flow Battery Sale Price by Type (2013-2018)
2.4 Redox Flow Battery Segment by Application
TOC Continued….!
Tables And Figures
• Figure Picture of Redox Flow Battery
• Table Product Specifications of Redox Flow Battery
• Figure Redox Flow Battery Report Years Considered
• Figure Market Research Methodology
• Figure Global Redox Flow Battery Consumption Growth Rate 2013-2023 (MWh)
• Figure Global Redox Flow Battery Value Growth Rate 2013-2023 ($ Millions)
• Table Redox Flow Battery Consumption CAGR by Region 2013-2023 ($ Millions) and More….
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