Global Flow Battery Market 2017-2021

  • ID: 4435074
  • Report
  • Region: Global
  • 89 pages
  • TechNavio
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FEATURED COMPANIES

  • Australian Vanadium
  • Elestor
  • JenaBatteries
  • Pu Neng Energy
  • Sparton Resources
  • ViZn Energy Systems
  • MORE
About Flow Battery

Batteries refer to the devices used to store energy, which can be utilized later at times of blackouts, power shortages, or when the demand for electricity is high. Batteries are divided into lead-acid, lithium, or nickel-based. A battery plate grid enhances the life and performance of a battery. The network composition is a balance among the electrolyte's specific gravity, the active material used, and lead concentration. Batteries are used in automobiles, electronics, golf carts, and forklifts, among others. Lithium-ion (Li-ion) and lead-acid batteries are most extensively utilized in automotive and motive industries.

The analysts forecast the global flow battery market to grow at a CAGR of 3.38% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global flow battery market for 2017-2021. To calculate the market size, the report considers the cumulative installations of telecom towers worldwide.

The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
The report, Global Flow Battery Market 2017-2021, 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.

Key vendors
  • Primus Power
  • redT energy
  • UniEnergy Technologies
  • VanadiumCorp Resource
  • Vionx Energy
Other prominent vendors
  • ACME
  • Amara Raja Power Systems
  • Coslight Group
  • EaglePicher Technologies
  • Eaton
  • EverExceed
  • EXIDE INDUSTRIES
  • GS Battery (USA)
  • HBL Power Systems
  • Hitachi Chemical (previously FIAMM Energy Technology)
  • Hitachi Chemical Energy Technology
  • HOPPECKE
  • KPS Capital Partners (previously C&D TECHNOLOGIES)
  • LG Chem
  • NED Energy
  • NorthStar
  • Panasonic
  • SAMSUNG SDI
  • Schneider Electric
  • Shandong Sacred Sun Power Sources
  • Trojan Battery
  • Victron Energy
Market drivers
  • Rise of green telecom towers
  • For a full, detailed list, view the full report
Market challenges
  • Lead pollution and stringent laws
  • For a full, detailed list, view the full report
Market trends
  • Declining Li-ion battery prices
  • For a full, detailed list, view the full report
Key questions answered in this report
  • What will the market size be in 2021 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?
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FEATURED COMPANIES

  • Australian Vanadium
  • Elestor
  • JenaBatteries
  • Pu Neng Energy
  • Sparton Resources
  • ViZn Energy Systems
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION
  • Market outline
PART 05: MARKET LANDSCAPE
  • Market ecosystem
  • Market segmentation analysis
PART 06: MARKET SIZING
  • Market definition
  • Market sizing 2016
  • Market size and forecast 2016-2021
PART 07: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 08: MARKET SEGMENTATION BY BATTERY TYPE
  • Segmentation by battery type
  • Comparison by battery type
  • Redox battery - Market size and forecast 2016-2021
  • Hybrid battery - Market size and forecast 2016-2021
  • Market opportunity by battery type
PART 09: REGIONAL LANDSCAPE
  • Geographical segmentation
  • Regional comparison
  • Americas - Market size and forecast 2016-2021
  • EMEA - Market size and forecast 2016-2021
  • APAC - Market size and forecast 2016-2021
  • Key leading countries
  • Market opportunity
PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 12: MARKET TRENDS
  • Increasing shift toward renewable energy
  • Widening scope of vanadium redox battery use
  • Growing need for electrification
PART 13: VENDOR LANDSCAPE
  • Competitive scenario
PART 14: VENDOR ANALYSIS
  • Vendor overview
  • Primus Power
  • redT energy
  • UniEnergy Technologies
  • VanadiumCorp Resource
  • Vionx Energy
PART 15: APPENDIX
  • List of abbreviations
List of Exhibits
Exhibit 01: Types of flow battery
Exhibit 02: Schematic diagram of flow battery
Exhibit 03: Comparison between Li-ion and flow batteries
Exhibit 04: Flow diagram of vanadium redox battery
Exhibit 05: Parent market
Exhibit 06: Global flow battery market
Exhibit 07: Market segments
Exhibit 08: Market definition - inclusions and exclusions checklist
Exhibit 09: Market size 2016
Exhibit 10: Validation techniques employed for market sizing - 2016
Exhibit 11: Global flow battery market - Market size and forecast 2016-2021 ($ millions)
Exhibit 12: Global flow battery market - Year-over-year growth 2017-2021 (%)
Exhibit 13: Five forces analysis 2016
Exhibit 14: Five forces analysis 2021
Exhibit 15: Bargaining power of buyers
Exhibit 16: Bargaining power of suppliers
Exhibit 17: Threat of new entrants
Exhibit 18: Threat of substitutes
Exhibit 19: Threat of rivalry
Exhibit 20: Five forces analysis, 2017
Exhibit 21: Battery type - Market share 2016-2021 (%)
Exhibit 22: Comparison by battery type
Exhibit 23: Redox battery - Market size and forecast 2016-2021 ($ millions)
Exhibit 24: Redox flow systems
Exhibit 25: Redox battery - Year-over-year growth 2017-2021 (%)
Exhibit 26: Hybrid battery - Market size and forecast 2016-2021 ($ millions)
Exhibit 27: Hybrid battery - Year-over-year growth 2017-2021 (%)
Exhibit 28: Market opportunity by battery type
Exhibit 29: Regional - Market share by geography 2016-2021 (%)
Exhibit 30: Regional comparison
Exhibit 31: Americas - Market size and forecast 2016-2021 ($ millions)
Exhibit 32: Americas - Year-over-year growth 2017-2021 (%)
Exhibit 33: EMEA - Market size and forecast 2016-2021 ($ millions)
Exhibit 34: EMEA - Year-over-year growth 2017-2021 (%)
Exhibit 35: APAC - Market size and forecast 2016-2021 ($ millions)
Exhibit 36: APAC - Year-over-year growth 2017-2021 (%)
Exhibit 37: Key leading countries
Exhibit 38: Efficiency of various advanced storage systems 2016 (%)
Exhibit 39: Global Li-ion battery cost 2009-2016
Exhibit 40: Comparison of various energy storage systems
Exhibit 41: Global electrification rate, 2016
Exhibit 42: Primus Power: Key products
Exhibit 43: redT energy: Key products
Exhibit 44: UniEnergy Technologies: Key products
Exhibit 45: VanadiumCorp Resource: Key products
Exhibit 46: Vionx Energy: Key products
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FEATURED COMPANIES

  • Australian Vanadium
  • Elestor
  • JenaBatteries
  • Pu Neng Energy
  • Sparton Resources
  • ViZn Energy Systems
  • MORE
New Report Released: - Global Flow Battery Market 2017-2021

The author of the report recognizes the following companies as the key players in the global flow battery market: Primus Power, redT energy, UniEnergy Technologies, VanadiumCorp Resource, and Vionx Energy

Other Prominent Vendors in the market are: Australian Vanadium, Bushveld Energy, Cellennium (Thailand), Dalian Rongke Power, eChemion, Elestor, EnerVault, EnSync, GILDEMEISTER energy solutions, H2, ITN Energy Systems, JenaBatteries, JenaBatteries, Kemwatt, nanoFlowcell, Pu Neng Energy, Redflow, SCHMID Group, Shanghai Smart Energy, Sparton Resources, Sumitomo Electric Industries, thyssenkrupp, ViZn Energy Systems, volterion, VoltStorage, WattJoule, and YOUNICOS.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Declining Li-ion battery prices. The market for Li-ion batteries has been gaining impetus and is witnessing rapid growth. Owing to this, there has been a decline in the demand for lead-acid batteries. The factor that is discriminating between Li-ion batteries and lead-acid batteries is price. The cost of Li-ion batteries is more than that of lead-acid batteries. However, leading vendors in the manufacturing of Li-ion batteries are working on technological advances and are trying to reduce the price of Li-ion batteries.”

According to the report, one of the major drivers for this market is Rise of green telecom towers. Telecom tower and infrastructure operators in North America, especially those in the US, are under tremendous pressure to reduce their carbon footprint. Therefore, manufacturers of telecom power system are expanding their product portfolio with green telecom power systems. Diesel accounts for more than two-fifth of the total operating expenditure, with diesel generators being predominantly used in the telecom sector. However, their increased deployment can lead to environment pollution. Therefore, to reduce the operational costs and the related pollution from diesel generators, telecom operators are beginning to invest in alternative green power systems. For instance, in 2012, Eaton acquired Cooper Industries to integrate the expertise of smart grids with its existing product portfolio. The company also offers integrated, clean fuel cell backup power solutions and generator start-up optimization software.

Further, the report states that one of the major factors hindering the growth of this market is Lead pollution and stringent laws. Lead-acid batteries account for the majority of the overall lead production. The standard arrangement of lead-acid batteries consists of lead plates, with plastic coating on them, that are placed in sulfuric acid. The recycling of lead-acid batteries helps in reducing the number of disposable batteries as solid waste. These batteries are rechargeable, which helps consumers to reuse them. Also, the recycling process of lead-acid batteries has a high business potential. However, batteries comprise a high amount of lead oxide toxins that are harmful to the environment. As soon as these batteries stop yielding efficiency, they eventually become unusable and can only be considered as hazardous waste. The recycling of lead-acid batteries in highly populated areas, with limited pollution checks, has had a negative impact on the environment.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • Primus Power
  • redT energy
  • UniEnergy Technologies
  • VanadiumCorp Resource
  • Vionx Energy
  • Australian Vanadium
  • Bushveld Energy
  • Cellennium (Thailand)
  • Dalian Rongke Power
  • eChemion
  • Elestor
  • EnerVault
  • EnSync
  • GILDEMEISTER energy solutions
  • H2
  • ITN Energy Systems
  • JenaBatteries
  • JenaBatteries
  • Kemwatt
  • nanoFlowcell
  • Pu Neng Energy
  • Redflow
  • SCHMID Group
  • Shanghai Smart Energy
  • Sparton Resources
  • Sumitomo Electric Industries
  • thyssenkrupp
  • ViZn Energy Systems
  • volterion
  • VoltStorage
  • WattJoule
  • YOUNICOS
Note: Product cover images may vary from those shown
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