Flow Battery Market was valued at USD 187.7 million in 2017 and is expected to reach USD 946.3 million by 2027, at a CAGR of 32% between 2021 and 2027.
Flow batteries have the advantage of instant recharge capability and a long life of nearly 20 years, which is expected to have a positive impact on the flow battery market in the coming years. In addition, increasing demand for energy storage applications is expected to drive the market during the forecast period. On the other hand, factors such as high initial investment, low energy density and large electrolyte tanks are hindering the market growth.
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Key Market Players
ViZn Energy Systems (US), UniEnergy Technologies (US), Sumitomo Electric (Japan), STEAG Solar Energy Solutions GmbH formerly known as GILDEMEISTER energy solutions (Germany), redT Energy (New Jersey), EnSync Energy Systems (US), ESS INC. (US), Primus Power (US), Redflow (Australia), SCHMID (Germany), Vionx Energy (US)
Flow Battery Market, by Application
- Utilities
- Commercial & Industrial
- Military
- EV Charging Station
- Others
Flow Battery Market, by Material
- All Vanadium
- All Iron
- Zinc–Bromine
- Hydrogen-Bromine
- Polysulfide Bromine
- Organic
- Others
Flow Battery Market, by Storage
- Compact
- Large Scale
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Scope of the Report
The research study analyzes the global Flow Batteries industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Flow Batteries Market Report
1. What was the Flow Batteries Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2021-2027).
- What will be the CAGR of Flow Batteries Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2018? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Flow Batteries Market was the market leader in 2018?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
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