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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.
Currently, Sumitomo Electric, Dalian Rongke Power are the top two companies and lead in flow batteries with 29.33% and 19.29% revenue market share in 2017, respectively.
The global Redox Flow Battery market is valued at 130 million USD in 2017 and is expected to reach 370 million USD by the end of 2025, growing at a CAGR of 14.0% between 2018 and 2025.
This research report categorizes the China and global Redox Flow Battery market by type, end-use industry, and region.
International Manufacturers Covered
redT Energy Storage
EnSync Energy Systems
China Local Manufacturers Covered
Dalian Rongke Power
Vanadium Redox Flow Battery
Hybrid Flow Battery
Renewable Energy Integration
The study objectives of this report are:
To analyze and study the ways and market feasibility to enter China market, for the international manufacturers manufacturing or selling products in China.
To study and forecast the market size (volume and value) of Redox Flow Battery in China and global market.
Focuses on the China local manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis, value and China market share for top local manufacturers.
To analyze the international manufacturers, SWOT analysis, volume, value and global market share for top manufacturers.
To define, describe and forecast the market by type, application and region.
To analyze and compare the market status and forecast between China and major regions, namely, United States, Europe, China, Japan and other Regions like Korea, Taiwan, India, Southeast Asia etc.
To analyze the China market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends and factors driving or inhibiting the market growth.
To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
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.
In this study, the years considered to estimate the market size of Redox Flow Battery are as follows:
History Year: 2013-2017
Base Year: 2017
Estimated Year: 2018
Forecast Year 2018 to 2025
For the data information by region, company, type and application, 2017 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
With the given market data, QYResearch offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional and country-level analysis of the Redox Flow Battery market, by end-use.
Detailed analysis and profiles of additional market players.
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