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Redox Flow Battery Market: by Type (Large Scale and Compact), Material (Vanadium, Chromium, Bromide, Cerium, and Iron), and Application (Industrial, Commercial, EV Charging Station, Utilities, Military, Off-Grid Power, Large Scale Energy Storage, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026

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Dec 2019 | 66 Views
 
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Redox Flow Battery Market Outlook - 2026 

Redox flow battery is a type of rechargeable electrochemical cell, which works on oxidation-reduction reaction mechanism. These batteries are completely safe owing to absence of combustible materials during manufacturing of these batteries. These batteries have long service life due to less degradation of electrolytes and electrodes, Thus, they are ideally used in the power grid systems. 

Factors such as growth in demand for renewable energy, rise in digitization trends, surge in urbanization, increase in telecommunications tower installations, rise in installations of wind and solar power generation plants, inherent advantages of redox flow battery, high demand from the utilities sector, and government initiatives for renewable energy are driving the growth of the global redox flow battery market. The demand for redox flow battery is expected to increase due to its attractive features for large-scale energy storage applications. However, deficiency of proper development standards of redox  flow battery system is expected to restrain the overall market growth. Complicated technical problems, and high construction cost of redox flow batteries are also expected to hamper the growth of this market during the  forecast period. On the contrary, technological innovations with improved capabilities, requirements of large storage systems for data centers, and increase in penetration in residential applications are anticipated to provide growth opportunities to this market during the forecast period. 

The global redox flow battery market is segmented into type, material, application, and region. Based on type, the market is bifurcated into large scale and compact. On the basis of material, the market is categorized into vanadium, chromium, bromide, cerium, and iron. According to application, it is classified as industrial, commercial, EV charging station, utilities, military, off-grid power, large scale energy storage, and others. Among these applications, the utilities sector dominates the market as majority of the redox flow battery projects are  for the utilities application.

Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Among these regions, North America accounts for a major market share owing to high number of redox flow battery installations in the region mainly in Canada and the U.S.

Key players operated in global redox flow battery market are ESS Inc., Sumitomo Electric Industries Ltd., redT energy plc., RedFlow, Primus Power, SCHMID Group, ViZn Energy Systems, UniEnergy Technologies, VRB Energy, Vionx Energy, and others. Major players have acquired various strategies such as acquisitions, partnerships, collaboration, joint ventures, agreements, expansions, and new product launches to create a strong consumer base and sustain in the market. For instance, in May 2019 ESS Inc. established partnership with InoBatand to expand their flow batteries business in the European market.

KEY BENEFITS FOR STAKEHOLDERS:

  • The redox flow battery market size has been analyzed across all regions.
  • Porter’s five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building. 
  • The report outlines the current market trends and future scenario of the market size from 2018 to 2026 to understand the prevailing opportunities and potential investment pockets. The market is forecasted for 2019-2026.
  • Major countries in the region have been mapped according to their individual revenue contribution to the regional market.
  • The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
  • The redox flow battery market analysis covers in-depth information of major industry participants. 

KEY MARKET SEGMENTS

By Type

  • Large Scale
  • Compact

By Material

  • Vanadium
  • Chromium
  • Bromide
  • Cerium
  • Iron

By Application

  • Industrial
  • Commercial
  • EV Charging Station
  • Utilities
  • Military
  • Off-Grid Power
  • Large Scale Energy Storage
  • Others (Uninterruptible & Emergency Power Supply)

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific 
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific 
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa 
    • Rest of LAMEA 

Key Players

  • ESS Inc.
  • Sumitomo Electric Industries Ltd.
  • redT energy plc.
  • RedFlow
  • Primus Power
  • SCHMID Group
  • ViZn Energy Systems
  • UniEnergy Technologies
  • VRB Energy
  • Vionx Energy
 

Chapter 1    INTRODUCTION

1.1.    Report description
1.2.    Key benefits for stakeholders
1.3.    Key market segments
1.4.    Research methodology
1.4.1.    Primary research
1.4.2.    Secondary research
1.4.3.    Analyst tools and models

Chapter 2    EXECUTIVE SUMMARY

2.1.    Key findings
2.1.1.    Top Investment Pockets
2.1.2.    Market Player Positioning, 2018
2.2.    CXO perspective

Chapter 3    MARKET OVERVIEW

3.1.    Market Definition And Scope
3.2.    Parent/Peer Market Overview
3.3.    Key Forces Shaping Redox Flow Battery Market
3.3.1.    Bargaining power of suppliers
3.3.2.    Threat of new entrants
3.3.3.    Threat of substitutes
3.3.4.    Intensity of rivalry
3.3.5.    Bargaining power of buyers
3.4.    Pricing Analysis
3.4.1.    Pricing Analysis of Redox Flow Battery Market, By Region, 2018 to 2026
3.4.2.    Pricing Analysis of Redox Flow Battery Market, By Type, 2018 to 2026
3.4.3.    Pricing Analysis of Redox Flow Battery Market, By Material, 2018 to 2026
3.4.4.    Pricing Analysis of Redox Flow Battery Market, By Application, 2018 to 2026
3.5.    Value Chain Analysis
3.6.    Impact Of Government Regulations On Global Redox Flow Battery Market
3.7.    Patent Analysis
3.8.    Market Dynamics
3.8.1.    Drivers
3.8.2.    Restraints
3.8.3.    Opportunities

Chapter 4    REDOX FLOW BATTERY MARKET, BY TYPE

4.1.    Overview
4.2.    Large Scale
4.2.1.    Key market trends, growth factors and opportunities
4.2.2.    Market size and forecast, by region
4.2.3.    Market volume and forecast, by region
4.2.4.    Market analysis by country
4.3.    Compact
4.3.1.    Key market trends, growth factors and opportunities
4.3.2.    Market size and forecast, by region
4.3.3.    Market volume and forecast, by region
4.3.4.    Market analysis by country

Chapter 5    REDOX FLOW BATTERY MARKET, BY MATERIAL

5.1.    Overview
5.2.    Vanadium
5.2.1.    Key market trends, growth factors and opportunities
5.2.2.    Market size and forecast, by region
5.2.3.    Market volume and forecast, by region
5.2.4.    Market analysis by country
5.3.    Chromium
5.3.1.    Key market trends, growth factors and opportunities
5.3.2.    Market size and forecast, by region
5.3.3.    Market volume and forecast, by region
5.3.4.    Market analysis by country
5.4.    Bromide
5.4.1.    Key market trends, growth factors and opportunities
5.4.2.    Market size and forecast, by region
5.4.3.    Market volume and forecast, by region
5.4.4.    Market analysis by country
5.5.    Cerium
5.5.1.    Key market trends, growth factors and opportunities
5.5.2.    Market size and forecast, by region
5.5.3.    Market volume and forecast, by region
5.5.4.    Market analysis by country
5.6.    Iron
5.6.1.    Key market trends, growth factors and opportunities
5.6.2.    Market size and forecast, by region
5.6.3.    Market volume and forecast, by region
5.6.4.    Market analysis by country

Chapter 6    REDOX FLOW BATTERY MARKET, BY APPLICATION

6.1.    Overview
6.2.    Industrial
6.2.1.    Key market trends, growth factors and opportunities
6.2.2.    Market size and forecast, by region
6.2.3.    Market volume and forecast, by region
6.2.4.    Market analysis by country
6.3.    Commercial
6.3.1.    Key market trends, growth factors and opportunities
6.3.2.    Market size and forecast, by region
6.3.3.    Market volume and forecast, by region
6.3.4.    Market analysis by country
6.4.    EV Charging Station
6.4.1.    Key market trends, growth factors and opportunities
6.4.2.    Market size and forecast, by region
6.4.3.    Market volume and forecast, by region
6.4.4.    Market analysis by country
6.5.    Utilities
6.5.1.    Key market trends, growth factors and opportunities
6.5.2.    Market size and forecast, by region
6.5.3.    Market volume and forecast, by region
6.5.4.    Market analysis by country
6.6.    Military
6.6.1.    Key market trends, growth factors and opportunities
6.6.2.    Market size and forecast, by region
6.6.3.    Market volume and forecast, by region
6.6.4.    Market analysis by country
6.7.    Off-Grid Power
6.7.1.    Key market trends, growth factors and opportunities
6.7.2.    Market size and forecast, by region
6.7.3.    Market volume and forecast, by region
6.7.4.    Market analysis by country
6.8.    Large Scale Energy Storage
6.8.1.    Key market trends, growth factors and opportunities
6.8.2.    Market size and forecast, by region
6.8.3.    Market volume and forecast, by region
6.8.4.    Market analysis by country
6.9.    Others
6.9.1.    Key market trends, growth factors and opportunities
6.9.2.    Market size and forecast, by region
6.9.3.    Market volume and forecast, by region
6.9.4.    Market analysis by country

Chapter 7    REDOX FLOW BATTERY MARKET, BY REGION

7.1.    Overview
7.2.    North America
7.2.1.    Key market trends, growth factors and opportunities
7.2.2.    Market size and forecast, by type
7.2.3.    Market size and forecast, by material
7.2.4.    Market size and forecast, by application
7.2.5.    Market analysis by country
7.2.5.1.    U.S.
7.2.5.1.1.    Socio-Economic & Micro-Macro Indicators
7.2.5.1.2.    Market size and forecast, by type
7.2.5.1.3.    Market size and forecast, by material
7.2.5.1.4.    Market size and forecast, by application
7.2.5.2.    Canada
7.2.5.2.1.    Socio-Economic & Micro-Macro Indicators
7.2.5.2.2.    Market size and forecast, by type
7.2.5.2.3.    Market size and forecast, by material
7.2.5.2.4.    Market size and forecast, by application
7.2.5.3.    Mexico
7.2.5.3.1.    Socio-Economic & Micro-Macro Indicators
7.2.5.3.2.    Market size and forecast, by type
7.2.5.3.3.    Market size and forecast, by material
7.2.5.3.4.    Market size and forecast, by application
7.3.    Europe
7.3.1.    Key market trends, growth factors and opportunities
7.3.2.    Market size and forecast, by type
7.3.3.    Market size and forecast, by material
7.3.4.    Market size and forecast, by application
7.3.5.    Market analysis by country
7.3.5.1.    UK
7.3.5.1.1.    Socio-Economic & Micro-Macro Indicators
7.3.5.1.2.    Market size and forecast, by type
7.3.5.1.3.    Market size and forecast, by material
7.3.5.1.4.    Market size and forecast, by application
7.3.5.2.    Germany
7.3.5.2.1.    Socio-Economic & Micro-Macro Indicators
7.3.5.2.2.    Market size and forecast, by type
7.3.5.2.3.    Market size and forecast, by material
7.3.5.2.4.    Market size and forecast, by application
7.3.5.3.    France
7.3.5.3.1.    Socio-Economic & Micro-Macro Indicators
7.3.5.3.2.    Market size and forecast, by type
7.3.5.3.3.    Market size and forecast, by material
7.3.5.3.4.    Market size and forecast, by application
7.3.5.4.    Spain
7.3.5.4.1.    Socio-Economic & Micro-Macro Indicators
7.3.5.4.2.    Market size and forecast, by type
7.3.5.4.3.    Market size and forecast, by material
7.3.5.4.4.    Market size and forecast, by application
7.3.5.5.    Italy
7.3.5.5.1.    Socio-Economic & Micro-Macro Indicators
7.3.5.5.2.    Market size and forecast, by type
7.3.5.5.3.    Market size and forecast, by material
7.3.5.5.4.    Market size and forecast, by application
7.3.5.6.    Rest of Europe
7.3.5.6.1.    Socio-Economic & Micro-Macro Indicators
7.3.5.6.2.    Market size and forecast, by type
7.3.5.6.3.    Market size and forecast, by material
7.3.5.6.4.    Market size and forecast, by application
7.4.    Asia-Pacific
7.4.1.    Key market trends, growth factors and opportunities
7.4.2.    Market size and forecast, by type
7.4.3.    Market size and forecast, by material
7.4.4.    Market size and forecast, by application
7.4.5.    Market analysis by country
7.4.5.1.    China
7.4.5.1.1.    Socio-Economic & Micro-Macro Indicators
7.4.5.1.2.    Market size and forecast, by type
7.4.5.1.3.    Market size and forecast, by material
7.4.5.1.4.    Market size and forecast, by application
7.4.5.2.    Japan
7.4.5.2.1.    Socio-Economic & Micro-Macro Indicators
7.4.5.2.2.    Market size and forecast, by type
7.4.5.2.3.    Market size and forecast, by material
7.4.5.2.4.    Market size and forecast, by application
7.4.5.3.    India
7.4.5.3.1.    Socio-Economic & Micro-Macro Indicators
7.4.5.3.2.    Market size and forecast, by type
7.4.5.3.3.    Market size and forecast, by material
7.4.5.3.4.    Market size and forecast, by application
7.4.5.4.    Australia
7.4.5.4.1.    Socio-Economic & Micro-Macro Indicators
7.4.5.4.2.    Market size and forecast, by type
7.4.5.4.3.    Market size and forecast, by material
7.4.5.4.4.    Market size and forecast, by application
7.4.5.5.    South Korea
7.4.5.5.1.    Socio-Economic & Micro-Macro Indicators
7.4.5.5.2.    Market size and forecast, by type
7.4.5.5.3.    Market size and forecast, by material
7.4.5.5.4.    Market size and forecast, by application
7.4.5.6.    Rest of Asia-Pacific
7.4.5.6.1.    Socio-Economic & Micro-Macro Indicators
7.4.5.6.2.    Market size and forecast, by type
7.4.5.6.3.    Market size and forecast, by material
7.4.5.6.4.    Market size and forecast, by application
7.5.    LAMEA
7.5.1.    Key market trends, growth factors and opportunities
7.5.2.    Market size and forecast, by type
7.5.3.    Market size and forecast, by material
7.5.4.    Market size and forecast, by application
7.5.5.    Market analysis by country
7.5.5.1.    BRAZIL
7.5.5.1.1.    Socio-Economic & Micro-Macro Indicators
7.5.5.1.2.    Market size and forecast, by type
7.5.5.1.3.    Market size and forecast, by material
7.5.5.1.4.    Market size and forecast, by application
7.5.5.2.    Saudi Arabia
7.5.5.2.1.    Socio-Economic & Micro-Macro Indicators
7.5.5.2.2.    Market size and forecast, by type
7.5.5.2.3.    Market size and forecast, by material
7.5.5.2.4.    Market size and forecast, by application
7.5.5.3.    South Africa
7.5.5.3.1.    Socio-Economic & Micro-Macro Indicators
7.5.5.3.2.    Market size and forecast, by type
7.5.5.3.3.    Market size and forecast, by material
7.5.5.3.4.    Market size and forecast, by application
7.5.5.4.    Rest of LAMEA
7.5.5.4.1.    Socio-Economic & Micro-Macro Indicators
7.5.5.4.2.    Market size and forecast, by type
7.5.5.4.3.    Market size and forecast, by material
7.5.5.4.4.    Market size and forecast, by application

Chapter 8    COMPETITIVE LANDSCAPE

8.1.    Competitive dashboard
8.2.    Market share analysis of top players, 2018 (%)
8.3.    Product mapping of top 10 player
8.4.    Top winning strategies, 2015 - 2018
8.4.1.    Top winning strategies, by year
8.4.2.    Top winning strategies, by development
8.4.3.    Top winning strategies, by company

Chapter 9    COMPANY PROFILES

9.1.    ESS Inc.
9.1.1.    Company overview
9.1.2.    Company snapshot
9.1.3.    Key Executives
9.1.4.    Operating Business Segments & Product Portfolio
9.1.5.    R&D Expenditure
9.1.6.    Business Performance
9.1.7.    Key Strategic Moves and Developments
9.2.    Sumitomo Electric Industries Ltd.
9.2.1.    Company overview
9.2.2.    Company snapshot
9.2.3.    Key Executives
9.2.4.    Operating Business Segments & Product Portfolio
9.2.5.    R&D Expenditure
9.2.6.    Business Performance
9.2.7.    Key Strategic Moves and Developments
9.3.    redT energy plc.
9.3.1.    Company overview
9.3.2.    Company snapshot
9.3.3.    Key Executives
9.3.4.    Operating Business Segments & Product Portfolio
9.3.5.    R&D Expenditure
9.3.6.    Business Performance
9.3.7.    Key Strategic Moves and Developments
9.4.    RedFlow
9.4.1.    Company overview
9.4.2.    Company snapshot
9.4.3.    Key Executives
9.4.4.    Operating Business Segments & Product Portfolio
9.4.5.    R&D Expenditure
9.4.6.    Business Performance
9.4.7.    Key Strategic Moves and Developments
9.5.    Primus Power
9.5.1.    Company overview
9.5.2.    Company snapshot
9.5.3.    Key Executives
9.5.4.    Operating Business Segments & Product Portfolio
9.5.5.    R&D Expenditure
9.5.6.    Business Performance
9.5.7.    Key Strategic Moves and Developments
9.6.    SCHMID Group
9.6.1.    Company overview
9.6.2.    Company snapshot
9.6.3.    Key Executives
9.6.4.    Operating Business Segments & Product Portfolio
9.6.5.    R&D Expenditure
9.6.6.    Business Performance
9.6.7.    Key Strategic Moves and Developments
9.7.    ViZn Energy Systems
9.7.1.    Company overview
9.7.2.    Company snapshot
9.7.3.    Key Executives
9.7.4.    Operating Business Segments & Product Portfolio
9.7.5.    R&D Expenditure
9.7.6.    Business Performance
9.7.7.    Key Strategic Moves and Developments
9.8.    UniEnergy Technologies
9.8.1.    Company overview
9.8.2.    Company snapshot
9.8.3.    Key Executives
9.8.4.    Operating Business Segments & Product Portfolio
9.8.5.    R&D Expenditure
9.8.6.    Business Performance
9.8.7.    Key Strategic Moves and Developments
9.9.    VRB Energy
9.9.1.    Company overview
9.9.2.    Company snapshot
9.9.3.    Key Executives
9.9.4.    Operating Business Segments & Product Portfolio
9.9.5.    R&D Expenditure
9.9.6.    Business Performance
9.9.7.    Key Strategic Moves and Developments
9.10.    Vionx Energy
9.10.1.    Company overview
9.10.2.    Company snapshot
9.10.3.    Key Executives
9.10.4.    Operating Business Segments & Product Portfolio
9.10.5.    R&D Expenditure
9.10.6.    Business Performance
9.10.7.    Key Strategic Moves and Developments

 

 
 
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