Global Flow Battery Market Research Report 2023(Status and Outlook)

Global Flow Battery Market Research Report 2023(Status and Outlook)



Report Overview

A flow battery, or redox flow battery (after reduction–oxidation), is a type of rechargeable battery where recharge ability is provided by two chemical components dissolved in liquids contained within the system and separated by a membrane. Ion exchange (providing flow of electric current) occurs through the membrane while both liquids circulate in their own respective space. Cell voltage is chemically determined by the Nernst equation and ranges, in practical applications, from 1.0 to 2.2 volts. The performance of these devices is governed by the considerations of electrochemical engineering.

Global flow battery main players include Dalian Rongke Power, Primus Power, Sumitomo Electric, VRB ENERGY, Largo Clean Energy, etc., totally accounting for about 95%. Asia-Pacific is the largest market, with a share over 78%. As for the types of products, it can be divided into vanadium flow battery and hybrid flow battery. Vanadium flow battery is the largest segment, holding a share aboutr 90%. In terms of application, it is widely used in utility facilities, renewable energy integration and others. The most common application is in utility facilities, taking a share over 80%.

The Global Flow Battery Market Size was estimated at USD 115 million in 2022 and is projected to reach USD 204.88 million by 2029, exhibiting a CAGR of 8.60% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Flow Battery market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Flow Battery Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Flow Battery market in any manner.

Global Flow Battery Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Dalian Rongke Power

Primus Power

Sumitomo Electric

VRB ENERGY

Largo Clean Energy

Market Segmentation (by Type)

Vanadium Flow Battery

Hybrid Flow Battery

Market Segmentation (by Application)

Hot Melt Adhesive

Pressure Sensitive Adhesive

Paint & Coating

Rubber

Others

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Flow Battery Market

Overview of the regional outlook of the Flow Battery Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors


1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Flow Battery
1.2 Key Market Segments
1.2.1 Flow Battery Segment by Type
1.2.2 Flow Battery Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Flow Battery Market Overview
2.1 Global Market Overview
2.1.1 Global Flow Battery Market Size (M USD) Estimates and Forecasts (2018-2029)
2.1.2 Global Flow Battery Sales Estimates and Forecasts (2018-2029)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Flow Battery Market Competitive Landscape
3.1 Global Flow Battery Sales by Manufacturers (2018-2023)
3.2 Global Flow Battery Revenue Market Share by Manufacturers (2018-2023)
3.3 Flow Battery Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Flow Battery Average Price by Manufacturers (2018-2023)
3.5 Manufacturers Flow Battery Sales Sites, Area Served, Product Type
3.6 Flow Battery Market Competitive Situation and Trends
3.6.1 Flow Battery Market Concentration Rate
3.6.2 Global 5 and 10 Largest Flow Battery Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion
4 Flow Battery Industry Chain Analysis
4.1 Flow Battery Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Flow Battery Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Market Restraints
5.5 Industry News
5.5.1 New Product Developments
5.5.2 Mergers & Acquisitions
5.5.3 Expansions
5.5.4 Collaboration/Supply Contracts
5.6 Industry Policies
6 Flow Battery Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Flow Battery Sales Market Share by Type (2018-2023)
6.3 Global Flow Battery Market Size Market Share by Type (2018-2023)
6.4 Global Flow Battery Price by Type (2018-2023)
7 Flow Battery Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Flow Battery Market Sales by Application (2018-2023)
7.3 Global Flow Battery Market Size (M USD) by Application (2018-2023)
7.4 Global Flow Battery Sales Growth Rate by Application (2018-2023)
8 Flow Battery Market Segmentation by Region
8.1 Global Flow Battery Sales by Region
8.1.1 Global Flow Battery Sales by Region
8.1.2 Global Flow Battery Sales Market Share by Region
8.2 North America
8.2.1 North America Flow Battery Sales by Country
8.2.2 U.S.
8.2.3 Canada
8.2.4 Mexico
8.3 Europe
8.3.1 Europe Flow Battery Sales by Country
8.3.2 Germany
8.3.3 France
8.3.4 U.K.
8.3.5 Italy
8.3.6 Russia
8.4 Asia Pacific
8.4.1 Asia Pacific Flow Battery Sales by Region
8.4.2 China
8.4.3 Japan
8.4.4 South Korea
8.4.5 India
8.4.6 Southeast Asia
8.5 South America
8.5.1 South America Flow Battery Sales by Country
8.5.2 Brazil
8.5.3 Argentina
8.5.4 Columbia
8.6 Middle East and Africa
8.6.1 Middle East and Africa Flow Battery Sales by Region
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
8.6.5 Nigeria
8.6.6 South Africa
9 Key Companies Profile
9.1 Dalian Rongke Power
9.1.1 Dalian Rongke Power Flow Battery Basic Information
9.1.2 Dalian Rongke Power Flow Battery Product Overview
9.1.3 Dalian Rongke Power Flow Battery Product Market Performance
9.1.4 Dalian Rongke Power Business Overview
9.1.5 Dalian Rongke Power Flow Battery SWOT Analysis
9.1.6 Dalian Rongke Power Recent Developments
9.2 Primus Power
9.2.1 Primus Power Flow Battery Basic Information
9.2.2 Primus Power Flow Battery Product Overview
9.2.3 Primus Power Flow Battery Product Market Performance
9.2.4 Primus Power Business Overview
9.2.5 Primus Power Flow Battery SWOT Analysis
9.2.6 Primus Power Recent Developments
9.3 Sumitomo Electric
9.3.1 Sumitomo Electric Flow Battery Basic Information
9.3.2 Sumitomo Electric Flow Battery Product Overview
9.3.3 Sumitomo Electric Flow Battery Product Market Performance
9.3.4 Sumitomo Electric Business Overview
9.3.5 Sumitomo Electric Flow Battery SWOT Analysis
9.3.6 Sumitomo Electric Recent Developments
9.4 VRB ENERGY
9.4.1 VRB ENERGY Flow Battery Basic Information
9.4.2 VRB ENERGY Flow Battery Product Overview
9.4.3 VRB ENERGY Flow Battery Product Market Performance
9.4.4 VRB ENERGY Business Overview
9.4.5 VRB ENERGY Flow Battery SWOT Analysis
9.4.6 VRB ENERGY Recent Developments
9.5 Largo Clean Energy
9.5.1 Largo Clean Energy Flow Battery Basic Information
9.5.2 Largo Clean Energy Flow Battery Product Overview
9.5.3 Largo Clean Energy Flow Battery Product Market Performance
9.5.4 Largo Clean Energy Business Overview
9.5.5 Largo Clean Energy Flow Battery SWOT Analysis
9.5.6 Largo Clean Energy Recent Developments
10 Flow Battery Market Forecast by Region
10.1 Global Flow Battery Market Size Forecast
10.2 Global Flow Battery Market Forecast by Region
10.2.1 North America Market Size Forecast by Country
10.2.2 Europe Flow Battery Market Size Forecast by Country
10.2.3 Asia Pacific Flow Battery Market Size Forecast by Region
10.2.4 South America Flow Battery Market Size Forecast by Country
10.2.5 Middle East and Africa Forecasted Consumption of Flow Battery by Country
11 Forecast Market by Type and by Application (2024-2029)
11.1 Global Flow Battery Market Forecast by Type (2024-2029)
11.1.1 Global Forecasted Sales of Flow Battery by Type (2024-2029)
11.1.2 Global Flow Battery Market Size Forecast by Type (2024-2029)
11.1.3 Global Forecasted Price of Flow Battery by Type (2024-2029)
11.2 Global Flow Battery Market Forecast by Application (2024-2029)
11.2.1 Global Flow Battery Sales (K Units) Forecast by Application
11.2.2 Global Flow Battery Market Size (M USD) Forecast by Application (2024-2029)
12 Conclusion and Key Findings

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