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Flow Battery - Market Analysis, Trends, and Forecasts

  • ID: 4804893
  • Report
  • October 2019
  • Region: Global
  • 143 pages
  • Global Industry Analysts, Inc
1 of 3

FEATURED COMPANIES

  • Elestor Bv
  • Ess, Inc.
  • Jenabatteries Gmbh
  • Nanoflowcell Ag
  • Redflow
  • Volterion Gmbh
  • MORE
The Flow Battery market worldwide is projected to grow by US$1.3 Billion, driven by a compounded growth of 31.7%. Redox, one of the segments analyzed and sized in this study, displays the potential to grow at over 32.2%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$1.3 Billion by the year 2025, Redox will bring in healthy gains adding significant momentum to global growth.

Representing the developed world, the United States will maintain a 35.4% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$39.9 Million to the region's size and clout in the next 5 to 6 years. Over US$60.9 Million worth of projected demand in the region will come from the rest of the European markets. In Japan, Redox will reach a market size of US$82.1 Million by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 30.4% over the next couple of years and add approximately US$217.6 Million in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.

Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.

Competitors identified in this market include:
  • Elestor BV
  • EnSync Energy Systems, Inc.
  • ESS, Inc.
  • GILDEMEISTER Energy Solutions GmbH
  • H2 Inc.
  • JenaBatteries GmbH
  • Kemwatt
  • Lockheed Martin Corporation
  • nanoFlowcell AG
  • Primus Power
  • Redflow Ltd.
  • RedT Energy PLC
  • Sumitomo Electric Industries Ltd.
  • UniEnergy Technologies LLC (UET)
  • ViZn Energy Systems, Inc.
  • Volterion GmbH
  • VoltStorage GmbH
Note: Product cover images may vary from those shown
2 of 3

FEATURED COMPANIES

  • Elestor Bv
  • Ess, Inc.
  • Jenabatteries Gmbh
  • Nanoflowcell Ag
  • Redflow
  • Volterion Gmbh
  • MORE

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Flow Battery: An Introductory Prelude

Escalating Energy Demand and Rising Importance of Clean Energy Widen Opportunities for Flow Batteries

Global Energy Demand

Rapidly Evolving Role of Renewables

Global Competitor Market Shares

Flow Battery Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Utilities Emphasize Flow Battery to Gain Additional Efficiencies

San Diego Gas & Electric’s (SDG&E) Flow Battery Storage System

VRB Energy’s Hubei Zaoyang Project

CellCube’s VRFB Storage System in South Australia

Bushveld-Eskom’s VFRB Power Project in Africa

Electric Vehicles: The High-Potential End-Use Vertical

Flow Battery Extends a Reliable Tool for Military Microgrids

Redox Flow Batteries Seek to Proliferate the Storage Battery Marketplace

RFB Holds Immense Potential in Mitigating Supply & Demand Issues

Vanadium Flow Batteries: Unveiling the Much Needed Energy Storage Breakthrough

Vanadium Redox Flow Batteries Benefit Energy-Deprived Areas

VRFBs Demonstrate Efficiency in Sustainable Energy Applications

Bromine Flow Batteries Seek Opportunities

Zinc-Bromine (ZnBr) Chemistry: A Reliable Hybrid Flow Battery

Market to Gain from Novel Research Programs and Technology Improvements

Utah Researchers Intend to Develop New Generation Flow Batteries

Stanford Researchers Create New Type of Liquid Metal Based Flow Battery

IBM and ETH Develop Tiny Redox Flow Battery for Electronic Components

MIT Researchers Come Up with Sulfur Flow Battery for Cost-Efficient Long-Term Grid Storage

New Product Announcements Spruce Up Market Prospects

Gelion Comes Up with Innovative Zinc Bromine Gel Battery

German Startup VoltStorage to Make Residential Flow Batteries

World’s Smallest Zinc Bromine Flow Batteries from Redflow

Rental Model Seeks to Improve Project Economics

PRODUCT OVERVIEW

Flow Battery: Introduction

Applications

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Flow Battery Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2018-2025

TABLE 2: Flow Battery Market Share Shift across Key Geographies Worldwide: 2019 VS 2025

TABLE 3: Redox (Type) World Market by Region/Country in US$ Thousand: 2018 to 2025

TABLE 4: Redox (Type) Market Share Breakdown of Worldwide Sales by Region/Country: 2019 VS 2025

TABLE 5: Hybrid (Type) Potential Growth Markets Worldwide in US$ Thousand: 2018 to 2025

TABLE 6: Hybrid (Type) Market Sales Breakdown by Region/Country in Percentage: 2019 VS 2025

TABLE 7: Vanadium (Material) Geographic Market Spread Worldwide in US$ Thousand: 2018 to 2025

TABLE 8: Vanadium (Material) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025

TABLE 9: Zinc-Bromine (Material) World Market Estimates and Forecasts by Region/Country in US$ Thousand: 2018 to 2025

TABLE 10: Zinc-Bromine (Material) Market Share Breakdown by Region/Country: 2019 VS 2025

TABLE 11: Other Materials (Material) World Market by Region/Country in US$ Thousand: 2018 to 2025

TABLE 12: Other Materials (Material) Market Share Distribution in Percentage by Region/Country: 2019 VS 2025

TABLE 13: Utilities (Application) Sales Estimates and Forecasts in US$ Thousand by Region/Country for the Years 2018 through 2025

TABLE 14: Utilities (Application) Global Market Share Distribution by Region/Country for 2019 and 2025

TABLE 15: Commercial & Industrial (Application) Global Opportunity Assessment in US$ Thousand by Region/Country: 2018-2025

TABLE 16: Commercial & Industrial (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2019 VS 2025

TABLE 17: Military (Application) Worldwide Sales in US$ Thousand by Region/Country: 2018-2025

TABLE 18: Military (Application) Market Share Shift across Key Geographies: 2019 VS 2025

TABLE 19: EV Charging Station (Application) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2018-2025

TABLE 20: EV Charging Station (Application) Market Share Breakdown by Region/Country: 2019 VS 2025

TABLE 21: Other Applications (Application) Demand Potential Worldwide in US$ Thousand by Region/Country: 2018-2025

TABLE 22: Other Applications (Application) Share Breakdown Review by Region/Country: 2019 VS 2025

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Flow Battery Market Share (in %) by Company: 2019 & 2025

TABLE 23: United States Flow Battery Market Estimates and Projections in US$ Thousand by Type: 2018 to 2025

TABLE 24: United States Flow Battery Market Share Breakdown by Type: 2019 VS 2025

TABLE 25: Flow Battery Market in the United States in US$ Thousand by Material: 2018-2025

TABLE 26: United States Flow Battery Market Share Breakdown by Material: 2019 VS 2025

TABLE 27: United States Flow Battery Latent Demand Forecasts in US$ Thousand by Application: 2018 to 2025

TABLE 28: Flow Battery Market Share Breakdown in the United States by Application: 2019 VS 2025

CANADA

TABLE 29: Canadian Flow Battery Market Estimates and Forecasts in US$ Thousand by Type: 2018 to 2025

TABLE 30: Flow Battery Market in Canada: Percentage Share Breakdown of Sales by Type for 2019 and 2025

TABLE 31: Canadian Flow Battery Market Estimates and Forecasts in US$ Thousand by Material: 2018-2025

TABLE 32: Canadian Flow Battery Market Shares in Percentages by Material: 2019 VS 2025

TABLE 33: Canadian Flow Battery Market Quantitative Demand Analysis in US$ Thousand by Application: 2018 to 2025

TABLE 34: Canadian Flow Battery Market Share Analysis by Application: 2019 VS 2025

JAPAN

TABLE 35: Japanese Market for Flow Battery: Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2018-2025

TABLE 36: Japanese Flow Battery Market Share Analysis by Type: 2019 VS 2025

TABLE 37: Japanese Flow Battery Market Estimates and Projections in US$ Thousand by Material: 2018-2025

TABLE 38: Japanese Flow Battery Market Share in Percentages by Material: 2019 VS 2025

TABLE 39: Japanese Demand Estimates and Forecasts for Flow Battery in US$ Thousand by Application: 2018 to 2025

TABLE 40: Flow Battery Market Share Shift in Japan by Application: 2019 VS 2025

CHINA

TABLE 41: Chinese Flow Battery Market Growth Prospects in US$ Thousand by Type for the Period 2018-2025

TABLE 42: Chinese Flow Battery Market by Type: Percentage Breakdown of Sales for 2019 and 2025

TABLE 43: Chinese Demand Estimates and Forecasts for Flow Battery Market in US$ Thousand by Material: 2018-2025

TABLE 44: Chinese Flow Battery Market Share Breakdown by Material: 2019 VS 2025

TABLE 45: Chinese Demand for Flow Battery in US$ Thousand by Application: 2018 to 2025

TABLE 46: Chinese Flow Battery Market Share Breakdown by Application: 2019 VS 2025

EUROPE

Market Facts & Figures

European Flow Battery Market: Competitor Market Share Scenario (in %) for 2019 & 2025

TABLE 47: European Flow Battery Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025

TABLE 48: European Flow Battery Market Share Shift by Region/Country: 2019 VS 2025

TABLE 49: European Flow Battery Market Estimates and Forecasts in US$ Thousand by Type: 2018-2025

TABLE 50: European Flow Battery Market Share Breakdown by Type: 2019 VS 2025

TABLE 51: Flow Battery Demand Potential in Europe in US$ Thousand by Material: 2018-2025

TABLE 52: Flow Battery Market in Europe : Breakdown of Sales by Material for 2019 and 2025

TABLE 53: European Flow Battery Addressable Market Opportunity in US$ Thousand by Application: 2018-2025

TABLE 54: European Flow Battery Market Share Analysis by Application: 2019 VS 2025

FRANCE

TABLE 55: Flow Battery Market in France by Type: Estimates and Projections in US$ Thousand for the Period 2018-2025

TABLE 56: French Flow Battery Market Share Analysis by Type: 2019 VS 2025

TABLE 57: Flow Battery Recent Past, Current & Future Market Analysis in France in US$ Thousand by Material: 2018-2025

TABLE 58: French Flow Battery Market Share Shift by Material: 2019 VS 2025

TABLE 59: Flow Battery Quantitative Demand Analysis in France in US$ Thousand by Application: 2018-2025

TABLE 60: French Flow Battery Market Share Analysis: A 7-Year Perspective by Application for 2019 and 2025

GERMANY

TABLE 61: Flow Battery Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Type for the Period 2018-2025

TABLE 62: German Flow Battery Market Share Breakdown by Type: 2019 VS 2025

TABLE 63: German Flow Battery Market Estimates and Projections in US$ Thousand by Material: 2018-2025

TABLE 64: German Flow Battery Market Share Distribution by Material: 2019 VS 2025

TABLE 65: Flow Battery Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by Application for the Period 2018-2025

TABLE 66: Flow Battery Market Share Distribution in Germany by Application: 2019 VS 2025

ITALY

TABLE 67: Italian Flow Battery Market Growth Prospects in US$ Thousand by Type for the Period 2018-2025

TABLE 68: Italian Flow Battery Market by Type: Percentage Breakdown of Sales for 2019 and 2025

TABLE 69: Italian Demand Estimates and Forecasts for Flow Battery Market in US$ Thousand by Material: 2018-2025

TABLE 70: Italian Flow Battery Market Share Breakdown by Material: 2019 VS 2025

TABLE 71: Italian Demand for Flow Battery in US$ Thousand by Application: 2018 to 2025

TABLE 72: Italian Flow Battery Market Share Breakdown by Application: 2019 VS 2025

UNITED KINGDOM

TABLE 73: United Kingdom Market for Flow Battery: Annual Sales Estimates and Projections in US$ Thousand by Type for the Period 2018-2025

TABLE 74: United Kingdom Flow Battery Market Share Analysis by Type: 2019 VS 2025

TABLE 75: United Kingdom Flow Battery Market Estimates and Projections in US$ Thousand by Material: 2018-2025

TABLE 76: United Kingdom Flow Battery Market Share in Percentages by Material: 2019 VS 2025

TABLE 77: United Kingdom Demand Estimates and Forecasts for Flow Battery in US$ Thousand by Application: 2018 to 2025

TABLE 78: Flow Battery Market Share Shift in the United Kingdom by Application: 2019 VS 2025

REST OF EUROPE

TABLE 79: Rest of Europe Flow Battery Market Estimates and Forecasts in US$ Thousand by Type: 2018-2025

TABLE 80: Rest of Europe Flow Battery Market Share Breakdown by Type: 2019 VS 2025

TABLE 81: Flow Battery Demand Potential in Rest of Europe in US$ Thousand by Material: 2018-2025

TABLE 82: Flow Battery Market in Rest of Europe: Breakdown of Sales by Material for 2019 and 2025

TABLE 83: Rest of Europe Flow Battery Addressable Market Opportunity in US$ Thousand by Application: 2018-2025

TABLE 84: Rest of Europe Flow Battery Market Share Analysis by Application: 2019 VS 2025

ASIA-PACIFIC

TABLE 85: Flow Battery Market in Asia-Pacific by Type: Estimates and Projections in US$ Thousand for the Period 2018-2025

TABLE 86: Asia-Pacific Flow Battery Market Share Analysis by Type: 2019 VS 2025

TABLE 87: Flow Battery Recent Past, Current & Future Market Analysis in Asia-Pacific in US$ Thousand by Material: 2018-2025

TABLE 88: Asia-Pacific Flow Battery Market Share Shift by Material: 2019 VS 2025

TABLE 89: Flow Battery Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by Application: 2018-2025

TABLE 90: Asia-Pacific Flow Battery Market Share Analysis: A 7-Year Perspective by Application for 2019 and 2025

REST OF WORLD

SABIC to Ramp Up Flow Battery Production and Deployments in Saudi Arabia

TABLE 91: Rest of World Flow Battery Market Estimates and Forecasts in US$ Thousand by Type: 2018 to 2025

TABLE 92: Flow Battery Market in Rest of World: Percentage Share Breakdown of Sales by Type for 2019 and 2025

TABLE 93: Rest of World Flow Battery Market Estimates and Forecasts in US$ Thousand by Material: 2018-2025

TABLE 94: Rest of World Flow Battery Market Shares in Percentages by Material: 2019 VS 2025

TABLE 95: Rest of World Flow Battery Market Quantitative Demand Analysis in US$ Thousand by Application: 2018 to 2025

TABLE 96: Rest of World Flow Battery Market Share Analysis by Application: 2019 VS 2025

IV. COMPETITION

ESS, INC.

ELESTOR BV

ENSYNC ENERGY SYSTEMS

GILDEMEISTER ENERGY SOLUTIONS GMBH

H2

JENABATTERIES GMBH

KEMWATT

LOCKHEED MARTIN CORPORATION

PRIMUS POWER CORPORATION

REDT ENERGY PLC

REDFLOW

SUMITOMO ELECTRIC INDUSTRIES

UNIENERGY TECHNOLOGIES LLC. (UET)

VIZN ENERGY SYSTEMS, INC. (VIZN)

VOLTSTORAGE GMBH

VOLTERION GMBH

NANOFLOWCELL AG

V. CURATED RESEARCH

Note: Product cover images may vary from those shown
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  • Ess, Inc.
  • Elestor Bv
  • Ensync Energy Systems
  • Gildemeister Energy Solutions Gmbh
  • H2
  • Jenabatteries Gmbh
  • Kemwatt
  • Lockheed Martin Corporation
  • Primus Power Corporation
  • Redt Energy Plc
  • Redflow
  • Sumitomo Electric Industries
  • Unienergy Technologies Llc. (Uet)
  • Vizn Energy Systems, Inc. (Vizn)
  • Voltstorage Gmbh
  • Volterion Gmbh
  • Nanoflowcell Ag
Note: Product cover images may vary from those shown
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