Flow Battery Market At A CAGR Of 35.7 % by Top Competitors (Lockheed, Vizn Energy Systems, Unienergy Technologies., Sumitomo Electric Industries Ltd, Redt Energy Plc)
Global Flow Battery Market report provides an outlook for current market value as well as the expected growth of Global Flow Battery Market during 2018-2025. The whole supply chain of Global Flow Battery Market has been explained with statistical details with a special emphasis on various upstream and downstream components. The current trends pertaining to the demand, supply, and sales of Global Flow Battery Market, together with the recent developments have been given here to provide an exhaustive picture of this market.
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Global Flow Battery Market is expected to reach USD 1038.3 Million by 2025, from USD 190.87 Million in 2017 growing at a CAGR of 35.7 % during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Major Market Competitors/Players: Global Flow Battery Market
Some of the major players operating in the global flow battery market are
• ViZn Energy Systems,
• UniEnergy Technologies.,
• Sumitomo Electric Industries Ltd,
• redT energy plc,
• GILDEMEISTER energy solutions.,
• ESS Inc,
• Primus Power,
• Lockheed Martin,
• Redflow Limited,
• JenaBatteries GmbH,
• VoltStorage GmbH,
• H2 Inc.,
• nanoFlowcell AG,
• Pu Neng Century Technology Co. Ltd.,
• Kemwatt and among others.
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Major Market Drivers:
• Inherent advantages of flow battery
• Growing investment in renewable energy
• High demand from utilities sector
• Growth in telecommunications tower installations
• High construction cost of flow batteries.
Market Segmentation: Global Flow Battery Market
The global flow battery market is segmented into type, material, storage, application and by geography.
Based on type, the market is segmented into redox and hybrid.
Based on material, the market is segmented into Vanadium, Zinc–Bromine and others.
Based on storage the market is segmented into compact and large scale.
On the basis of application, the market is classified into utilities, commercial & industrial, military and EV charging station and others.
Based on geography, the market report covers data points for 28 countries across multiple geographies namely
• North America &
• South America,
• Asia-Pacific and,
• Middle East & Africa.
Competitive Analysis: Global Flow Battery Market
The global flow battery market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Flow battery market for global, Europe, North America, Asia pacific and South America.
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