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The global Redox Flow Battery market is valued at 130 million US$ in 2017 and will reach 370 million US$ by the end of 2025, growing at a CAGR of 14.3% during 2018-2025.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.
There are more than seven main types of flow batteries in mass production or development stage in the market now. Vanadium Flow Battery is the main types, which can occupied about 70 percent revenue market share.
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.
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Companies profiled in this report are Sumitomo Electric, Dalian Rongke Power, Unienergy Technologies, Gildemeister, Primus Power, Redtenergy Storage, Ensync and more.
Analysis by Product Types, with production, revenue, price, market share and growth rate of each type, can be divided into
• Vanadium Redox Flow Battery
• Hybrid Flow Battery
Analysis by Applications, this report focuses on consumption, market share and growth rate of Redox Flow Battery in each application, can be divided into
• Utility Facilities
• Renewable Energy Integration
• Others
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Table of Contents:
1 Redox Flow Battery Market Overview
2 Global Redox Flow Battery Market Competition by Manufacturers
3 Global Redox Flow Battery Capacity, Production, Revenue (Value) by Regions (2013-2018)
4 Global Redox Flow Battery Supply (Production), Consumption, Export, Import by Regions (2013-2018)
5 Global Redox Flow Battery Production, Revenue (Value), Price Trend by Types
6 Global Redox Flow Battery Market Analysis by Applications
7 Global Redox Flow Battery Manufacturers Profiles/Analysis
8 Redox Flow Battery Manufacturing Cost Analysis
9 Industrial Chain, Sourcing Strategy and Downstream Buyers
10 Marketing Strategy Analysis, Distributors/Traders
11 Market Effect Factors Analysis
12 Global Redox Flow Battery Market Forecast (2018-2025)
13 Research Findings and Conclusion
14 Appendix
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