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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Currently, Sumitomo Electric, Dalian Rongke Power are the top two companies and lead in flow batteries with 29.33% and 19.29% revenue market share in 2017, respectively.

According to this study, over the next five years the Redox Flow Battery market will register a 14.1% CAGR in terms of revenue, the global market size will reach US$ 280 million by 2024, from US$ 130 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Redox Flow Battery business, shared in Chapter 3.

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 and countries.

This study considers the Redox Flow Battery value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

• Vanadium Redox Flow Battery
• Hybrid Flow Battery

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

• Utility Facilities
• Renewable Energy Integration
• Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

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

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

The key manufacturers covered in this report: Breakdown data in in Chapter 3.

• Sumitomo Electric
• Dalian Rongke Power
• UniEnergy Technologies
• Gildemeister
• Primus Power
• redTENERGY Storage
• EnSync

…

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

• To study and analyze the global Redox Flow Battery consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
• To understand the structure of Redox Flow Battery market by identifying its various subsegments.
• Focuses on the key global Redox Flow Battery manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Redox Flow Battery with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the consumption of Redox Flow Battery submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.

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Table of content

2019–2024 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 2014–2024
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 (2014–2019)
2.3.2 Global Redox Flow Battery Revenue and Market Share by Type (2014–2019)
2.3.3 Global Redox Flow Battery Sale Price by Type (2014–2019)
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 (2014–2019)
2.5.2 Global Redox Flow Battery Value and Market Share by Application (2014–2019)
2.5.3 Global Redox Flow Battery Sale Price by Application (2014–2019)

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