Flow Batteries Market 2019 Global Analysis By Industry Size, Share, Investments, Key Players, Merger, Acquisitions, Growth Factors, And Regional Forecast To 2023

Flow Batteries Market 2019 Global Analysis By Industry Size, Share, Investments, Key Players, Merger, Acquisitions, Growth Factors, And Regional Forecast To 2023

“\”Flow Batteries Market\””
According to the latest report “Flow Batteries Market by Product Type (Redox & Hybrid), Material Type (Vanadium & Zinc-Bromine), Storage Type (Compact & Large-Scale), Application (Industrial & Commercial, Defense, Utilities), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, & South America) with Forecast To 2023, published by Market Research Future, The Global Flow Battery Market is expected to grow at 30.68% CAGR during the forecast period.

Flow Batteries Market Highlights:

The key players of the global flow battery market are ESS Inc. (US), Gildemeister energy solutions (Austria), Redflow Limited. (Australia), Primus Power (US), redT energy plc. (UK), Sumitomo Electric Industries, Ltd. (Japan), ViZn Energy Systems. (US),  EnSync Energy Systems (US), Schmid (Germany), and Elestor (Europe).

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Flow Batteries Market Drivers and Restraints:

Increased investment in renewable energy from government and non-government organizations support the market. Additionally, governments across the globe are formulating policies to encourage the use of renewable sources of energy, due to their storage benefits and energy security. Therefore, the global flow battery market is expected to grow during the forecast period owing to the rising demand in energy utilities, industries, and commercial segments.

These electrolytes are easy to replace, which makes flow batteries more convenient that the lead-acid, lithium-ion, or solid-state batteries. The growing demand for flow batteries can be attributed to the number of renewable sources of energy and the high consumption of electrical energy in North America. For instance, utility companies are shifting toward the use of flow batteries in storage devices. The growth of renewable energy (solar, wind, tidal) increases the number of flow battery applications.

Global Flow Batteries Market Segments Analysis:

Global flow battery market has been segmented on the basis of product type, material type, storage type, application, and region.

Based on product type, the market has been classified into redox and hybrid. Redox segment is leading the market and has the largest market share, mainly due to the higher flexibility and reliability in energy storage in power stations and grid operations.

On the basis of material type, it has been segmented as vanadium and zinc-bromine. Based on storage type, the segments are compact and large scale. Various applications such as industrial, commercial utilities are adopting large-scale storage devices due to its efficiency in operations, across the world.

The global flow battery market has been segmented on the basis of application into industrial & commercial segments, defense, utilities and others. The commercial segment of the global flow battery market is expected to have the highest growth rate during the forecast period.

Global Flow Batteries Market Regional Analysis:

Asia-Pacific is expected to be the largest and fastest-growing market. Flow battery market is expected to grow in the Asia-Pacific countries dramatically, due to the increasing application of storage devices in renewable energy. Many countries are revising their policies and regulations to integrate flow batteries with renewable energy, due to higher reliability and efficiency in operation. R&D in energy storage methods such as flow batteries is focused on solving issues related to the mismatch between demand & supply gap and the intermittent nature associated with renewable energy sources. A flow battery involves the safety of storing the active materials separated from the reactive point source, fast response time, high electricity-to-electricity conversion capability, low maintenance, tolerance to overcharge and over discharge. Such advantages over conventional batteries drive the market growth.

The North American market held the largest share of the global flow battery market in 2017 while Asia-Pacific is expected to dominate during the forecast period, mainly due to the rising demand for renewable sources of energy. Asia-Pacific is also projected to be the fastest-growing market during the forecast period due to the high investments in infrastructure development and commercial applications.

TABLE OF CONTENTS:

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1 PORTER’S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 BARGAINING POWER OF SUPPLIERS

3.1.4 THREAT OF SUBSTITUTES

3.1.5 SEGMENT RIVALRY

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

Continued…

LIST OF TABLES:

TABLE 1 GLOBAL FLOW BATTERY MARKET: BY REGION, 2018–2023

TABLE 2 NORTH AMERICA FLOW BATTERY MARKET: BY COUNTRY, 2018–2023

TABLE 3 EUROPE FLOW BATTERY MARKET: BY COUNTRY, 2018–2023

TABLE 4 ASIA-PACIFIC FLOW BATTERY MARKET: BY COUNTRY, 2018–2023

TABLE 5 REST OF THE WORLD FLOW BATTERY MARKET: BY COUNTRY, 2018–2023

TABLE 6 GLOBAL FLOW BATTERY MARKET BY TYPE: BY REGIONS, 2018–2023

Continued…

LIST OF FIGURES:

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP-DOWN & BOTTOM-UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 SUPPLY CHAIN ANALYSIS

FIGURE 8 GLOBAL FLOW BATTERY MARKET SHARE, BY TYPE, 2016 (%)

FIGURE 9 GLOBAL FLOW BATTERY MARKET, TYPE, 2018–2023 (USD MILLION)

Continued…

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