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Flow Battery Market to Witness Huge Growth by Key Players: ESS Inc, GILDEMEISTER energy solutions, Primus Power, RedFlow, redT Energy, SCHMID, Sumitomo Electric and Others.

04-11-2020 03:27 PM CET | Energy & Environment

Press release from: ReportsandReports

Flow Battery Market to Witness Huge Growth by Key Players: ESS

According to Market Study Report, Flow Battery Market provides a comprehensive analysis of the Flow Battery Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, technological trends and emerging opportunities of global industry. This report also provides market landscape and market share information in the Flow Battery Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Flow Battery Market is expected to grow at a CAGR of 32.7% between 2017 and 2023 to reach USD 946.3 Million by 2023, from USD 230.2.7 Million in 2018. This report spread across 165 pages, profiling 11 companies and supported with 64 tables and 55 figures are now available in this research.

Top Companies Profiled in the Flow Battery Market:
o ESS Inc.(US)
o GILDEMEISTER energy solutions(Austria)
o Primus Power(US)
o RedFlow(Australia)
o redT Energy(UK)
o SCHMID(Germany)
o Sumitomo Electric. (Japan)
o Uni Energy Technologies (US)
o ViZn Energy(US)
o EnSync Energy Systems(US)

"The growth of flow battery market expected to be driven by the utilities application during the forecast period"
The utilities application is expected to hold a significant share of the flow battery market during the forecast period. With electric infrastructure and the growing need for higher energy capacity and production, modernization of grid system has become essential worldwide. Also, increasing penetration of renewable energy across the grid has, in turn, increased the need for efficient, flexible, and long operating life energy storage solutions. A flow battery, with all its attractive features, has become the most preferred energy storage technology for utility-based storage, as large-sale utilities require technologies that can cost-effectively store renewable energy for future grid-use at any location.

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"The flow battery market in APAC expected to grow at the highest CAGR during forecast period"
The market for flow battery in APAC is expected to grow at the highest CAGR between 2018 and 2023. In recent years, many countries--such as China, Japan, India, and Australia--are striving to boost their large-scale energy storage capacity through battery technologies that could, in turn, enhance electric stability. In countries such as India, China, and Japan, respective governments have laid regulations and reforms as well as initiatives for modernizing the power sector.

Breakdown of primary participants' profile:
o By Company Type: Tier 1 =50 %, Tier 2 = 30%, and Tier 3 = 20%
o By Designation: C-Level Executives = 60%, Directors = 25%, and Others = 15%
o By Region: North America= 35%, Europe = 30%, APAC = 25%, and RoW= 10%

Competitive Landscape of Flow Battery Market:
1 Overview
2 Market Ranking Analysis, 2017
3 Competitive Situation and Trends
3.1 Contracts, Collaborations, and Agreements
3.2 Product Launches and Developments
3.3 Partnership and Expansion

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Research Coverage:
This research report categorizes the flow battery market on the basis of type, material, storage, application, and region. Moreover, the report provides a description of the major drivers, restraints, challenges, and opportunities pertaining to this market as well as the value chain analysis and market ranking analysis.

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