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The flow battery market is forecasted to grow by USD 954.8 million during 2023-2028, accelerating at a CAGR of 29.52% during the forecast period. The report on the flow battery market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for battery energy storage to address erratic nature of renewables, increasing development of innovative power storage technology, and advantages of flow battery.
The flow battery market is segmented as below:
By Type
- Redox
- Hybrid
By Variant
- Large scale
- Compact
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the flow battery market covers the following areas:
- Flow battery market sizing
- Flow battery market forecast
- Flow battery market industry analysis
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 an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Variant
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
360 degree market analysis
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global flow battery market: BASF SE, Elestor BV, ENEROX GMBH, Gebr. SCHMID GmbH, HYDRAREDOX IBERIA SL, Invinity Energy Systems plc, Largo Inc., LE System Co. Ltd., Lockheed Martin Corp., nanoFlowcell Management AG, Nel ASA, Primus Power Solutions, Redflow Ltd., StorEn Technologies Inc., Stryten Energy LLC, Sumitomo Electric Industries Ltd., Vanadis Power GmbH, VFlow Tech Pte Ltd., VoltStorage GmbH, and VRB Energy.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is legislative support for battery recycling."
According to the report, one of the major drivers for this market is the increasing demand for battery energy storage to address erratic nature of renewables.
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.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- BASF SE
- Elestor BV
- ENEROX GMBH
- Gebr. SCHMID GmbH
- HYDRAREDOX IBERIA SL
- Invinity Energy Systems plc
- Largo Inc.
- LE System Co. Ltd.
- Lockheed Martin Corp.
- nanoFlowcell Management AG
- Nel ASA
- Primus Power Solutions
- Redflow Ltd.
- StorEn Technologies Inc.
- Stryten Energy LLC
- Sumitomo Electric Industries Ltd.
- Vanadis Power GmbH
- VFlow Tech Pte Ltd.
- VoltStorage GmbH
- VRB Energy
