In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Redox Flow Battery market for 2018–2023.

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.
North America and Asia-Pacific are the two largest countries with flow batteries Installation Capacity in the world, both the two countries take more than 80% of the world in 2017. Europe behind them, with about 15.09% market share.

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North America and Asia-Pacific are the two largest countries with flow batteries Installation Capacity in the world, both the two countries take more than 80% of the world in 2017. Europe behind them, with about 15.09% market share.

To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:

Segmentation by product type:

• Vanadium Redox Flow Battery
• Hybrid Flow Battery

Segmentation by application:

• Utility Facilities
• Renewable Energy Integration
• Others

Over the next five years, LPI(LP Information) projects that Redox Flow Battery will register a 14.1% CAGR in terms of revenue, reach US$ 280 million by 2023, from US$ 130 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Redox Flow Battery market by product type, application, key manufacturers and key regions.

This report also splits the market by region:

• Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
• Europe
• Germany
• France

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Table of content

2018–2023 Global Redox Flow Battery Consumption Market Report

1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 Executive Summary
2.1 World Market Overview
2.1.1 Global Redox Flow Battery Consumption 2013–2023
2.1.2 Redox Flow Battery Consumption CAGR by Region
2.2 Redox Flow Battery Segment by Type
2.2.1 Vanadium Redox Flow Battery
2.2.2 Hybrid Flow Battery
2.3 Redox Flow Battery Consumption by Type
2.3.1 Global Redox Flow Battery Consumption Market Share by Type (2013–2018)
2.3.2 Global Redox Flow Battery Revenue and Market Share by Type (2013–2018)
2.3.3 Global Redox Flow Battery Sale Price by Type (2013–2018)
2.4 Redox Flow Battery Segment by Application
2.4.1 Utility Facilities
2.4.2 Renewable Energy Integration
2.4.3 Others
2.5 Redox Flow Battery Consumption by Application
2.5.1 Global Redox Flow Battery Consumption Market Share by Application (2013–2018)
2.5.2 Global Redox Flow Battery Value and Market Share by Application (2013–2018)
2.5.3 Global Redox Flow Battery Sale Price by Application (2013–2018)

3 Global Redox Flow Battery by Players
3.1 Global Redox Flow Battery Sales Market Share by Players
3.1.1 Global Redox Flow Battery Sale

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