Global Flow Battery Market (2021 to 2026) – by Type, Material, Ownership, Storage, Application and Geography – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Flow Battery Market (2021-2026) by Type, Material, Ownership, Storage, Application, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.

The Global Flow Battery Market is estimated to be USD 330.76 Mn in 2021 and is expected to reach USD 701.32 Mn by 2026, growing at a CAGR of 16.22%.

The long battery life of flow batteries is the major factor escalating the Global Flow Battery Market. The rising investments in renewable energy, huge demand for flow batteries in utilities, and increase in telecommunication tower and data center installations are further driving the Global Flow Battery Market. However, the high cost of raw materials, especially vanadium, and lack of proper standards for developing flow battery systems are the factors acting as restraints for the market.

The increasing penetration of flow batteries in residential applications and technological innovations related to battery space is anticipated to create new opportunities for the Global Flow Battery Market.

The Global Flow Battery Market is segmented based on Type, Material, Ownership, Storage, Application, and Geography.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Flow Battery Market The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst’s Proprietary competitive positioning tool.

Market Dynamics

Drivers

• Advantages of Flow Batteries
• Improving Materials in Batteries
• Increase in Electricity-Storage System for Renewables

Restraints

• High Cost of Raw Material
• Lack of Proper Standards for Development of Flow Battery Systems

Opportunities

• Growing Need for Power Supply Attributed to Increasing Number of Data Centres
• Increasing Penetration of Flow Batteries in Residential Applications
• Technological Innovations with Improved Capabilities

Challenges

• Lack of Proper Standards for Development of Flow Battery Systems
• Alternatives Batteries Available

Companies Mentioned

• CellCube Energy Storage Systems Inc.
• Elestor
• EnSync Energy System
• ESS, Inc.
• HydraRedox
• Invinity Energy Systems
• JenaBatteries GmbH
• Largo Clean Energy
• Le System Co., Ltd.
• Lockheed Martin Corporation
• Nanoflowcell
• Nel ASA H2, Inc.
• Primus Power
• Redflow Limited
• RFC Power
• Schmid Group
• StorEn Technologies Inc.
• Storion Energy
• Sumitomo Electric Industries Ltd.
• Vanadis Power GmbH
• V-Flow Tech
• ViZn Energy Systems
• Volterion Dortmund
• VoltStorage GmbH

For more information about this report visit https://www.researchandmarkets.com/r/e1p09g

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