Global Flow Battery Market, Forecast to 2023

  • ID: 4418532
  • Report
  • Region: Global
  • 99 Pages
  • Frost & Sullivan
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Utility-scale Projects by Vanadium Redox Chemistry Dominate the Market Accounting for Over 80% of Revenue

FEATURED COMPANIES

  • Aquion
  • Cellennium
  • Glidemeister
  • Pu Neng
  • Rongke
  • Vanadis
  • MORE

The importance of utility-based energy storage is driving demand for multiple options of efficient, cost-effective, and long standing storage solutions. The flow battery, with all its attractive features, is to become the most preferred chemistry for utility-based storage. Thus, the global flow battery market will witness a steady growth in unit volume and revenue till 2023. The market is mainly driven by utility-scale energy storage systems, followed by commercial and industrial units that are remote off-grid or grid-connected microgrid installations. Supportive regulatory policies aiding energy storage in the United States, Europe, and Asia (mainly China, India, Japan, and Australia) drive market growth.

The need for ramping up to mass volume production and the stringent competition from lithium-ion solutions are challenging market growth. However, increasing investments to raise unit volume production and affordability with low OPEX make this chemistry capable of facing these challenges successfully. This market is likely to generate more than a billion in revenue in 2023. The market trends have been analyzed for the study period of 2015-2023, with the base year being 2016. The study covers all of North America, Europe, Asia-Pacific, and the Rest of the World. Vanadium redoxide is likely to continue its domination in the number of installations throughout the forecast period.

The study assesses flow battery manufacturers globally and discusses the various market shares held by the companies in this market. Asian companies are focusing on this chemistry by direct participation in this market, in addition to acquiring start-ups with strong growth potential. Companies that are listed in this study include Sumitomo Electric, Primus Power, Rongke Power, UniEnergy Technologies, Vanadis, RedT, Glidemeister, ViZn, Redflow, and Pu Neng.

Key questions this study will answer.

  • Is the market growing, how long will it continue to grow, and at what rate?
  • Which are the key end-user applications that use this battery extensively?
  • What are the key industries supporting growth? Is there a difference in demand patterns across different countries?
  • How will the structure of the market change with time? Is the market ripe for acquisitions?
  • How does the demand pattern for different flow battery chemistries vary globally according to end-user applications?
  • Are the vendors in this space ready to manage alone, or do they need partnerships to take their businesses to the next level?
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FEATURED COMPANIES

  • Aquion
  • Cellennium
  • Glidemeister
  • Pu Neng
  • Rongke
  • Vanadis
  • MORE

1. Executive Summary

  • Key Findings
  • Market Engineering Measurements
  • CEO’s Perspective

2. Market Overview

  • Market Definitions
  • Key Questions this Study will Answer
  • Market Segmentation

3. Drivers and Restraints - Total Flow Battery Market

  • Market Drivers
  • Drivers Explained
  • Market Restraints
  • Restraints Explained

4. Forecasts and Trends - Total Flow Battery Market

  • Market Engineering Measurements
  • Forecast Assumptions
  • Unit Shipment and Revenue Forecast
  • Unit Shipment and Revenue Forecast Discussion
  • Pricing Trends and Forecast
  • Revenue Forecast by Region
  • Global Hot Spots
  • Revenue Forecast Discussion by Region
  • Revenue Forecast by Battery Chemistry
  • Revenue Forecast Discussion by Battery Chemistry

5. Market Share and Competitive Analysis - Total Flow Battery Market

  • Market Share
  • Market Share Analysis
  • Competitive Environment
  • Key Participants by Region

6. Growth Opportunities and Companies to Action

  • Growth Opportunity 1 - Utility - scale Energy Storage
  • Growth Opportunity 2 - Remote Power Installations
  • Growth Opportunity 3 - Geographic Expansion
  • Strategic Imperatives for Success and Growth

7. Utility Segment Analysis

  • End - user Segment Key Findings - Utility
  • End - user Segment - Factors Influencing Battery Choice
  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion
  • Flow Batteries for Utility - scale

8. Commercial and Industrial Segment Analysis

  • End - user Segment Key Findings - Commercial and Industrial
  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion

9. Others Segment Analysis

  • End - user Segment Key Findings - Others
  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion

10. North America Analysis

  • North America - Key Findings
  • Key Country Profile - The United States
  • North America Flow Battery Market - Revenue Forecast
  • North America Flow Battery Market - Revenue Forecast Discussion
  • North America Flow Battery Market - Revenue Forecast by Battery Chemistry
  • North America Flow Battery Market - Revenue Forecast by Battery Chemistry Discussion

11. Europe Analysis

  • Europe - Key Findings
  • Key Country Profiles - Germany
  • Key Country Profiles - The United Kingdom
  • Europe Flow Battery Market - Revenue Forecast
  • Europe Flow Battery Market - Revenue Forecast Discussion
  • Europe Flow Battery Market - Revenue Forecast by Battery Chemistry
  • Europe Flow Battery Market - Revenue Forecast by Battery Chemistry Discussion

12. Asia - Pacific Analysis

  • Asia - Pacific - Key Findings
  • Key Country Profile - Australia
  • Key Country Profile - China
  • Key Country Profile - Japan
  • Asia - Pacific Flow Battery Market - Revenue Forecast
  • Asia - Pacific Flow Battery Market - Revenue Forecast Discussion
  • Revenue Forecast by Battery Chemistry
  • Revenue Forecast Discussion by Battery Chemistry

13. Rest of the World Analysis

  • Rest of the World - Key Findings
  • Rest of the World Flow Battery Market - Revenue Forecast
  • Rest of the World Flow Battery Market - Revenue Forecast Discussion
  • Rest of the World Flow Battery Market - Revenue Forecast by Battery Chemistry
  • Rest of the World Flow Battery Market - Revenue Forecast Discussion by Battery Chemistry

14. The Last Word

  • 3 Big Predictions
  • Legal Disclaimer

15. Appendix

  • Market Engineering Methodology
  • List of Companies in "Others"
  • Learn More - Next Steps
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  • Aquion
  • Ashlawn
  • Australian Vanadium
  • Cellennium
  • Enstorage
  • Ensync
  • Glidemeister
  • H2 Inc
  • Primus
  • Pu Neng
  • Redflow
  • Redt
  • Rongke
  • Sumtomo
  • UET
  • Vanadis
  • Vizn
  • Vonx
  • Wattjoule
Note: Product cover images may vary from those shown
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