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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.
Scope of the Report:
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 worldwide market for Redox Flow Battery is expected to grow at a CAGR of roughly 14.1% over the next five years, will reach 280 million US$ in 2024, from 130 million US$ in 2019, according to a new study.
This report focuses on the Redox Flow Battery in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
Sumitomo Electric
Dalian Rongke Power
UniEnergy Technologies
Gildemeister
Primus Power
redTENERGY Storage
EnSync
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Vanadium Redox Flow Battery
Hybrid Flow Battery
Market Segment by Applications, can be divided into
Utility Facilities
Renewable Energy Integration
Others
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Redox Flow Battery product scope, market overview, market opportunities, market driving force and market risks.
Chapter 2, to profile the top manufacturers of Redox Flow Battery, with price, sales, revenue and global market share of Redox Flow Battery in 2017 and 2018.
Chapter 3, the Redox Flow Battery competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Redox Flow Battery breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.
Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.
Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.
Chapter 12, Redox Flow Battery market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.
Chapter 13, 14 and 15, to describe Redox Flow Battery sales channel, distributors, customers, research findings and conclusion, appendix and data source.
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
1 Market Overview
1.1 Redox Flow Battery Introduction
1.2 Market Analysis by Type
1.2.1 Vanadium Redox Flow Battery
1.2.2 Hybrid Flow Battery
1.3 Market Analysis by Applications
1.3.1 Utility Facilities
1.3.2 Renewable Energy Integration
1.3.3 Others
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook (2014-2024)
1.4.1.2 Canada Market States and Outlook (2014-2024)
1.4.1.3 Mexico Market States and Outlook (2014-2024)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook (2014-2024)
1.4.2.2 France Market States and Outlook (2014-2024)
1.4.2.3 UK Market States and Outlook (2014-2024)
1.4.2.4 Russia Market States and Outlook (2014-2024)
1.4.2.5 Italy Market States and Outlook (2014-2024)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook (2014-2024)
1.4.3.2 Japan Market States and Outlook (2014-2024)
1.4.3.3 Korea Market States and Outlook (2014-2024)
1.4.3.4 India Market States and Outlook (2014-2024)
1.4.3.5 Southeast Asia Market States and Outlook (2014-2024)
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook (2014-2024)
1.4.4.2 Egypt Market States and Outlook (2014-2024)
1.4.4.3 Saudi Arabia Market States and Outlook (2014-2024)
1.4.4.4 South Africa Market States and Outlook (2014-2024)
1.4.4.5 Turkey Market States and Outlook (2014-2024)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
2.1 Sumitomo Electric
2.1.1 Business Overview
2.1.2 Redox Flow Battery Type and Applications
2.1.2.1 Product A
2.1.2.2 Product B
2.1.3 Sumitomo Electric Redox Flow Battery Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)
2.2 Dalian Rongke Power
2.2.1 Business Overview
2.2.2 Redox Flow Battery Type and Applications
2.2.2.1 Product A
2.2.2.2 Product B
2.2.3 Dalian Rongke Power Redox Flow Battery Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)
2.3 UniEnergy Technologies
2.3.1 Business Overview
2.3.2 Redox Flow Battery Type and Applications
2.3.2.1 Product A
2.3.2.2 Product B
2.3.3 UniEnergy Technologies Redox Flow Battery Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)
2.4 Gildemeister
2.4.1 Business Overview
2.4.2 Redox Flow Battery Type and Applications
2.4.2.1 Product A
2.4.2.2 Product B
2.4.3 Gildemeister Redox Flow Battery Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)
2.5 Primus Power
2.5.1 Business Overview
2.5.2 Redox Flow Battery Type and Applications
2.5.2.1 Product A
2.5.2.2 Product B
2.5.3 Primus Power Redox Flow Battery Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)
2.6 redTENERGY Storage
2.6.1 Business Overview
2.6.2 Redox Flow Battery Type and Applications
2.6.2.1 Product A
2.6.2.2 Product B
2.6.3 redTENERGY Storage Redox Flow Battery Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)
2.7 EnSync
2.7.1 Business Overview
2.7.2 Redox Flow Battery Type and Applications
2.7.2.1 Product A
2.7.2.2 Product B
2.7.3 EnSync Redox Flow Battery Sales, Price, Revenue, Gross Margin and Market Share (2017-2018)
3 Global Redox Flow Battery Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
3.1 Global Redox Flow Battery Sales and Market Share by Manufacturer (2017-2018)
3.2 Global Redox Flow Battery Revenue and Market Share by Manufacturer (2017-2018)
3.3 Market Concentration Rate
3.3.1 Top 3 Redox Flow Battery Manufacturer Market Share in 2018
3.3.2 Top 6 Redox Flow Battery Manufacturer Market Share in 2018
3.4 Market Competition Trend
4 Global Redox Flow Battery Market Analysis by Regions
4.1 Global Redox Flow Battery Sales, Revenue and Market Share by Regions
4.1.1 Global Redox Flow Battery Sales and Market Share by Regions (2014-2019)
4.1.2 Global Redox Flow Battery Revenue and Market Share by Regions (2014-2019)
4.2 North America Redox Flow Battery Sales and Growth Rate (2014-2019)
4.3 Europe Redox Flow Battery Sales and Growth Rate (2014-2019)
4.4 Asia-Pacific Redox Flow Battery Sales and Growth Rate (2014-2019)
4.5 South America Redox Flow Battery Sales and Growth Rate (2014-2019)
4.6 Middle East and Africa Redox Flow Battery Sales and Growth Rate (2014-2019)
5 North America Redox Flow Battery by Country
5.1 North America Redox Flow Battery Sales, Revenue and Market Share by Country
5.1.1 North America Redox Flow Battery Sales and Market Share by Country (2014-2019)
5.1.2 North America Redox Flow Battery Revenue and Market Share by Country (2014-2019)
5.2 United States Redox Flow Battery Sales and Growth Rate (2014-2019)
5.3 Canada Redox Flow Battery Sales and Growth Rate (2014-2019)
5.4 Mexico Redox Flow Battery Sales and Growth Rate (2014-2019)
6 Europe Redox Flow Battery by Country
6.1 Europe Redox Flow Battery Sales, Revenue and Market Share by Country
6.1.1 Europe Redox Flow Battery Sales and Market Share by Country (2014-2019)
6.1.2 Europe Redox Flow Battery Revenue and Market Share by Country (2014-2019)
6.2 Germany Redox Flow Battery Sales and Growth Rate (2014-2019)
6.3 UK Redox Flow Battery Sales and Growth Rate (2014-2019)
6.4 France Redox Flow Battery Sales and Growth Rate (2014-2019)
6.5 Russia Redox Flow Battery Sales and Growth Rate (2014-2019)
6.6 Italy Redox Flow Battery Sales and Growth Rate (2014-2019)
7 Asia-Pacific Redox Flow Battery by Country
7.1 Asia-Pacific Redox Flow Battery Sales, Revenue and Market Share by Country
7.1.1 Asia-Pacific Redox Flow Battery Sales and Market Share by Country (2014-2019)
7.1.2 Asia-Pacific Redox Flow Battery Revenue and Market Share by Country (2014-2019)
7.2 China Redox Flow Battery Sales and Growth Rate (2014-2019)
7.3 Japan Redox Flow Battery Sales and Growth Rate (2014-2019)
7.4 Korea Redox Flow Battery Sales and Growth Rate (2014-2019)
7.5 India Redox Flow Battery Sales and Growth Rate (2014-2019)
7.6 Southeast Asia Redox Flow Battery Sales and Growth Rate (2014-2019)
8 South America Redox Flow Battery by Country
8.1 South America Redox Flow Battery Sales, Revenue and Market Share by Country
8.1.1 South America Redox Flow Battery Sales and Market Share by Country (2014-2019)
8.1.2 South America Redox Flow Battery Revenue and Market Share by Country (2014-2019)
8.2 Brazil Redox Flow Battery Sales and Growth Rate (2014-2019)
8.3 Argentina Redox Flow Battery Sales and Growth Rate (2014-2019)
8.4 Colombia Redox Flow Battery Sales and Growth Rate (2014-2019)
9 Middle East and Africa Redox Flow Battery by Countries
9.1 Middle East and Africa Redox Flow Battery Sales, Revenue and Market Share by Country
9.1.1 Middle East and Africa Redox Flow Battery Sales and Market Share by Country (2014-2019)
9.1.2 Middle East and Africa Redox Flow Battery Revenue and Market Share by Country (2014-2019)
9.2 Saudi Arabia Redox Flow Battery Sales and Growth Rate (2014-2019)
9.3 Turkey Redox Flow Battery Sales and Growth Rate (2014-2019)
9.4 Egypt Redox Flow Battery Sales and Growth Rate (2014-2019)
9.5 Nigeria Redox Flow Battery Sales and Growth Rate (2014-2019)
9.6 South Africa Redox Flow Battery Sales and Growth Rate (2014-2019)
10 Global Redox Flow Battery Market Segment by Type
10.1 Global Redox Flow Battery Sales, Revenue and Market Share by Type (2014-2019)
10.1.1 Global Redox Flow Battery Sales and Market Share by Type (2014-2019)
10.1.2 Global Redox Flow Battery Revenue and Market Share by Type (2014-2019)
10.2 Vanadium Redox Flow Battery Sales Growth and Price
10.2.1 Global Vanadium Redox Flow Battery Sales Growth (2014-2019)
10.2.2 Global Vanadium Redox Flow Battery Price (2014-2019)
10.3 Hybrid Flow Battery Sales Growth and Price
10.3.1 Global Hybrid Flow Battery Sales Growth (2014-2019)
10.3.2 Global Hybrid Flow Battery Price (2014-2019)
11 Global Redox Flow Battery Market Segment by Application
11.1 Global Redox Flow Battery Sales Market Share by Application (2014-2019)
11.2 Utility Facilities Sales Growth (2014-2019)
11.3 Renewable Energy Integration Sales Growth (2014-2019)
11.4 Others Sales Growth (2014-2019)
12 Redox Flow Battery Market Forecast (2019-2024)
12.1 Global Redox Flow Battery Sales, Revenue and Growth Rate (2019-2024)
12.2 Redox Flow Battery Market Forecast by Regions (2019-2024)
12.2.1 North America Redox Flow Battery Market Forecast (2019-2024)
12.2.2 Europe Redox Flow Battery Market Forecast (2019-2024)
12.2.3 Asia-Pacific Redox Flow Battery Market Forecast (2019-2024)
12.2.4 South America Redox Flow Battery Market Forecast (2019-2024)
12.2.5 Middle East and Africa Redox Flow Battery Market Forecast (2019-2024)
12.3 Redox Flow Battery Market Forecast by Type (2019-2024)
12.3.1 Global Redox Flow Battery Sales Forecast by Type (2019-2024)
12.3.2 Global Redox Flow Battery Market Share Forecast by Type (2019-2024)
12.4 Redox Flow Battery Market Forecast by Application (2019-2024)
12.4.1 Global Redox Flow Battery Sales Forecast by Application (2019-2024)
12.4.2 Global Redox Flow Battery Market Share Forecast by Application (2019-2024)
13 Sales Channel, Distributors, Traders and Dealers
13.1 Sales Channel
13.1.1 Direct Marketing
13.1.2 Indirect Marketing
13.1.3 Marketing Channel Future Trend
13.2 Distributors, Traders and Dealers
14 Research Findings and Conclusion
15 Appendix
15.1 Methodology
15.2 Data Source
List of Tables and Figures
Figure Redox Flow Battery Picture
Table Product Specifications of Redox Flow Battery
Figure Global Sales Market Share of Redox Flow Battery by Types in 2018
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