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Download Free sampleA 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.
Flow Battery Market contains market size and forecasts of Flow Battery in global, including the following market information:
Global Flow Battery Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Flow Battery Market Sales, 2017-2022, 2023-2028, (MWh)
Global top five Flow Battery companies in 2021 (%)
The global Flow Battery market was valued at 195.5 million in 2021 and is projected to reach US$ 340.1 million by 2028, at a CAGR of 8.2% during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Vanadium Flow Battery Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Flow Battery include Dalian Rongke Power, Primus Power, Sumitomo Electric, VRB ENERGY and Largo Clean Energy, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
We surveyed the Flow Battery manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Flow Battery Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MWh)
Global Flow Battery Market Segment Percentages, by Type, 2021 (%)
Vanadium Flow Battery
Hybrid Flow Battery
Global Flow Battery Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MWh)
Global Flow Battery Market Segment Percentages, by Application, 2021 (%)
Utility Facilities
Renewable Energy Integration
Others
Global Flow Battery Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MWh)
Global Flow Battery Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Flow Battery revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Flow Battery revenues share in global market, 2021 (%)
Key companies Flow Battery sales in global market, 2017-2022 (Estimated), (MWh)
Key companies Flow Battery sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Dalian Rongke Power
Primus Power
Sumitomo Electric
VRB ENERGY
Largo Clean Energy
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