Global Flow Battery Market 2016-2020 report is the latest addition to RnRMarketResearch.com industry research reports collection. The analysts forecast global flow battery market to grow at a CAGR of 9.4% during the period 2016-2020.
A flow battery is basically an electrochemical energy storage system that is rechargeable. It converts the chemical energy stored in the battery into electrical energy, similar to fuel cells and conventional batteries. It is suitable for providing backup power to large-scale application systems such as grid scale power systems.
A typical flow battery consists of two compartments, known as tanks. These tanks contain electrodes and are separated by a membrane. The flow battery is charged and discharged by chemical reactions between the liquid electrolytes.
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The report covers the present scenario and the growth prospects of the global flow battery market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors operating in the market.
The market is divided into the following segments based on battery type:
Redox battery system
Hybrid battery systems
The report, Global Flow Battery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors – EnerVault, Imergy, Primus Power, Prudent Energy
Other prominent vendors - Aquion Energy, EnSync Energy Systems, Redflow, Sumitomo Electric, UniEnergy Technologies
Market driver -Increased government support
Market challenge -Competition from other energy storage technologies
Market trend -Increased use of flow battery in electric vehicles
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Characteristics of flow batteries when compared to other storage systems
Exhibit 03: Segmentation of global flow battery market
Exhibit 04: Global flow battery market 2015-2020 ($ millions)
Exhibit 05: Five forces analysis
Exhibit 06: Global flow battery market by battery type 2015 and 2020
Exhibit 07: Global flow battery market by battery type 2015-2020
Exhibit 08: Projects of flow battery
Exhibit 09: Cost of various components used in redox battery system
Exhibit 10: Global flow battery market by redox battery segment 2015-2020 ($ millions)
Exhibit 11: Redox flow systems
Exhibit 12: Comparison between iron-chromium redox flow battery and vanadium redox flow battery
Exhibit 13: Global flow battery market by hybrid battery 2015-2020 ($ millions)
Exhibit 14: Specifications of ZBM
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