Los Angeles, CA -- (SBWIRE) -- 05/29/2019 -- A flow battery, or redox flow battery , is a type of electrochemical cell where chemical energy is provided by two chemical components dissolved in liquids contained within the system and separated by a membrane.
New electricity generating capacity of local renewable energy producers, such as solar and wind, which experience fluctuating power output will generate the need for flow batteries' storage systems as they provide frequency regulation and voltage support for utilities.
In the coming years, Western Europe, Japan and United States are expected to register significant growth, due to growing environmental concerns and significant demand for industrial applications.
APEJ is expected to register significant growth due to the growing demand for flow batteries from end user applications in developing countries, such as China and India. The APEJ market is expected to witness significant growth in the coming years, owing to frequent power outages in the countries and ongoing investment in large scale energy storage systems.
The global Flow Batteries market was xx million US$ in 2018 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2019 and 2025.
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This report studies the Flow Batteries market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Flow Batteries in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
EnerVault
Imergy Power Systems
Primus Power
Prudent Energy
Aquion Energy
EnSync Energy Systems
Redflow
Sumitomo Electric
UniEnergy Technologies
Vionx Energy
ESS
Gildemeister Energy Solutions
RedFlow
redT Energy
SCHMID
ViZn Energy
EnSync Energy
By the product type, the market is primarily split into
Redox
Hybrid
Membrane Less
By the end users/application, this report covers the following segments
Power
Automotive
Industrial
Residential
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