Flow Battery Market by Top Competitors (redT energy plc, GILDEMEISTER energy solutions., ESS Inc, Primus Power, Lockheed Martin, Redflow Limited, Elestor., JenaBatteries GmbH, Volterion, VoltStorage GmbH, H2 Inc., nanoFlowcell AG, Pu Neng Century Technolo
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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.
Global Flow Battery Market, By Type (Redox, Hybrid), By Material (Vanadium, Zinc–Bromine), By Storage (Compact, Large Scale), By Application (Utilities, Commercial & Industrial, Military, EV Charging Station), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
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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.
Global Flow Battery Market by Geography
• South Korea
• Rest of Asia-Pacific
• Rest of Europe
• Rest of south America
Middle East & Africa
• Saudi Africa
• Rest of MEA
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