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Market Research Report

Redox Flow Battery Market by Type (Vanadium and Hybrid) and Application (Utility Services, Renewable Energy Integration, UPS, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026

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Redox Flow Battery Market by Type (Vanadium and Hybrid) and Application (Utility Services, Renewable Energy Integration, UPS, and Others): Global Opportunity Analysis and Industry Forecast, 2019-2026
Published: March 5, 2020 Content info: 200 Pages
Description

The global redox flow battery market was valued at $130.4 million in 2018, and is projected to reach $403.0 million by 2026, growing at a CAGR of 15.2% from 2019 to 2026.

A redox flow battery is an electrochemical energy storage equipment, which converts chemical energy into electrochemical energy using an electrochemical cell through reversible oxidation and reduction of working fluid. It is more appropriately called a fuel cell rather than the instead of battery, as the redox cell in the battery is employed for heterogeneous electron transfer rather than solid-state diffusion. Redox flow battery is 100% recyclable, as the electrolyte inside the battery does not undergo deterioration. Vanadium redox flow battery and hybrid battery are two prominent types of redox flow battery, wherein the vanadium battery type is the most developed version over others.

The global redox flow battery market is in its nascent phase, and is anticipated to explore lucrative growth opportunities during the forecast period. This is attributed to the scalable properties associated with these batteries, surge in demand for power backup across the globe, and low maintenance associated with these batteries. Furthermore, redox flow battery are 100% recyclable in nature that causes the least environmental impact, thus making them highly favorable in the renewable energy sector. Therefore, increase in renewable energy production across the globe and rise in need for energy storage are the major factors fueling the demand for redox flow batteries. On the contrary, redox flow battery technology is relatively new, and is not well-developed, which also comes with a few limitations. High initial manufacturing cost and low energy to volume ratio over other counterparts hamper the global market growth. However, increase in investment in this battery type along with its developing applications in electric vehicles is expected to offer profitable growth opportunities to this market during the forecast period.

The global redox flow battery market is segmented into type, application, and region. Depending on type, the global market is segregated into vanadium redox flow battery and hybrid redox flow battery. The applications covered in the study include utility facilities, renewable energy integration, UPS, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major market players studied and profiled in the global redox flow battery market are Sumitomo Electric Industries, Ltd., Dalian Rongke Power, UniEnergy Technologies., CELLCUBE, Avalon Battery Corporation, HydraRedox, Big pawer Electrical Technology Xiangyang Inc. Co., Ltd, Pinflow energy storage, s.r.o., VRB ENERGY, Vionx Energy, and others

KEY BENEFITS FOR STAKEHOLDERS

The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the global redox flow batterymarket from 2018 to 2026 to determine the prevailing opportunities

A comprehensive analysis of the factors that drive and restrict the growth of the market is provided

Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume

Profiles of leading players operating in the market are provided to understand the global competitive scenario

The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth

KEY MARKET SEGMENTS

By Type

Vanadium redox flow battery

Hybrid redox flow battery

By Application

Utility Services

Renewable Energy Integration

UPS

Others

By Region

North America

U.S.

Canada

Mexico

Europe

Germany

France

Italy

Spain

UK

Rest of Europe

Asia-Pacific

China

Japan

India

South Korea

Australia

Rest of Asia-Pacific

LAMEA

Brazil

Saudi Arabia

South Africa

South Africa

LAMEA

KEY MARKET PLAYERS

Avalon Battery Corporation

Dalian Rongke Power Co., Ltd

HydraRedox

H2, Inc.

Le System Co., Ltd.

redT Energy plc

StorEn Technologies Inc.

Storion Energy

Sumitomo Electric Industries, Ltd

Vionx Energy

Table of Contents
Product Code: A05315

Table of Contents

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. Secondary research
    • 1.4.2. Primary research
  • 1.5. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

  • 2.1. Key findings of the study
  • 2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW

  • 3.1. Market definition and scope
  • 3.2. Key findings
    • 3.2.1. Top investment pockets
  • 3.3. Porter's five forces analysis
  • 3.4. Market dynamics
    • 3.4.1. Drivers
      • 3.4.1.1. High adoption of vanadium redox flow batteries in energy storage solutions
      • 3.4.1.2. Ongoing projects, investments, and development on redox flow battery
    • 3.4.2. Restraints
      • 3.4.2.1. Limitation of vanadium redox flow batteries
    • 3.4.3. Opportunity
      • 3.4.3.1. Possibility of use in electric vehicle
  • 3.5. Parent market overview
  • 3.6. Patent analysis, 2015-2018
    • 3.6.1. Patent analysis by country
    • 3.6.2. Patent analysis by applicant
  • 3.7. Impact of government rules and regulations
    • 3.7.1. Mandatory renewable energy targets

CHAPTER 4: REDOX FLOW BATTERY MARKET, BY TYPE

  • 4.1. Overview
    • 4.1.1. Market size and forecast, by region
  • 4.2. Vanadium redox flow battery
    • 4.2.1. Key market trends, growth factors, and opportunities
    • 4.2.2. Market size and forecast, by region
    • 4.2.3. Market share analysis, by country
  • 4.3. Hybrid redox flow battery
    • 4.3.1. Key market trends, growth factors, and opportunities
    • 4.3.2. Market size and forecast, by region
    • 4.3.3. Market share analysis, by country

CHAPTER 5: REDOX FLOW MARKET, BY APPLICATION

  • 5.1. Overview
    • 5.1.1. Market size and forecast, by application
  • 5.2. Utility services
    • 5.2.1. Key market trends, growth factors, and opportunities
    • 5.2.2. Market size and forecast, by region
    • 5.2.3. Market share analysis, by country
  • 5.3. Renewable energy integration
    • 5.3.1. Key market trends, growth factors, and opportunities
    • 5.3.2. Market size and forecast, by region
    • 5.3.3. Market share analysis, by country
  • 5.4. UPS
    • 5.4.1. Key market trends, growth factors, and opportunities
    • 5.4.2. Market size and forecast, by region
    • 5.4.3. Market share analysis, by country
  • 5.5. Others
    • 5.5.1. Key market trends, growth factors, and opportunities
    • 5.5.2. Market size and forecast, by region
    • 5.5.3. Market share analysis, by country

CHAPTER 6: REDOX FLOW MARKET, BY REGION

  • 6.1. Overview
    • 6.1.1. Market size and forecast, by region
    • 6.1.2. Market size and forecast, by region
    • 6.1.3. Market size and forecast, by application
  • 6.2. North America
    • 6.2.1. Key market trends, growth factors, and opportunities
    • 6.2.2. Market size and forecast, by type
    • 6.2.3. Market size and forecast, by application
    • 6.2.4. Market size and forecast by Country
    • 6.2.5. U.S.
      • 6.2.5.1. Market size and forecast, by type
      • 6.2.5.2. Market size and forecast, by application
    • 6.2.6. Canada
      • 6.2.6.1. Market size and forecast, by type
      • 6.2.6.2. Market size and forecast, by application
    • 6.2.7. Mexico
      • 6.2.7.1. Market size and forecast, by type
      • 6.2.7.2. Market size and forecast, by application
  • 6.3. Europe
    • 6.3.1. Key market trends, growth factors, and opportunities
    • 6.3.2. Market size and forecast, by type
    • 6.3.3. Market size and forecast, by application
    • 6.3.4. Market size and forecast by country
    • 6.3.5. Germany
      • 6.3.5.1. Market size and forecast, by type
      • 6.3.5.2. Market size and forecast, by application
    • 6.3.6. France
      • 6.3.6.1. Market size and forecast, by type
      • 6.3.6.2. Market size and forecast, by application
    • 6.3.7. Italy
      • 6.3.7.1. Market size and forecast, by type
      • 6.3.7.2. Market size and forecast, by application
    • 6.3.8. Spain
      • 6.3.8.1. Market size and forecast, by type
      • 6.3.8.2. Market size and forecast, by application
    • 6.3.9. UK
      • 6.3.9.1. Market size and forecast, by type
      • 6.3.9.2. Market size and forecast, by application
    • 6.3.10. Rest of Europe
      • 6.3.10.1. Market size and forecast, by type
      • 6.3.10.2. Market size and forecast, by application
  • 6.4. Asia-Pacific
    • 6.4.1. Key market trends, growth factors, and opportunities
    • 6.4.2. Market size and forecast, by type
    • 6.4.3. Market size and forecast, by application
    • 6.4.4. Market size and forecast by Country
    • 6.4.5. China
      • 6.4.5.1. Market size and forecast, by type
      • 6.4.5.2. Market size and forecast, by application
    • 6.4.6. Japan
      • 6.4.6.1. Market size and forecast, by type
      • 6.4.6.2. Market size and forecast, by application
    • 6.4.7. India
      • 6.4.7.1. Market size and forecast, by type
      • 6.4.7.2. Market size and forecast, by application
    • 6.4.8. South Korea
      • 6.4.8.1. Market size and forecast, by type
      • 6.4.8.2. Market size and forecast, by application
    • 6.4.9. Australia
      • 6.4.9.1. Market size and forecast, by type
      • 6.4.9.2. Market size and forecast, by application
    • 6.4.10. Rest of Asia-Pacific
      • 6.4.10.1. Market size and forecast, by type
      • 6.4.10.2. Market size and forecast, by application
  • 6.5. LAMEA
    • 6.5.1. Key market trends, growth factors, and opportunities
    • 6.5.2. Market size and forecast, by type
    • 6.5.3. Market size and forecast, by application
    • 6.5.4. Market size and forecast by Country
    • 6.5.5. Brazil
      • 6.5.5.1. Market size and forecast, by type
      • 6.5.5.2. Market size and forecast, by application
    • 6.5.6. Saudi Arabia
      • 6.5.6.1. Market size and forecast, by type
      • 6.5.6.2. Market size and forecast, by application
    • 6.5.7. UAE
      • 6.5.7.1. Market size and forecast, by type
      • 6.5.7.2. Market size and forecast, by application
    • 6.5.8. South Africa
      • 6.5.8.1. Market size and forecast, by type
      • 6.5.8.2. Market size and forecast, by application
    • 6.5.9. Rest of LAMEA
      • 6.5.9.1. Market size and forecast, by type
      • 6.5.9.2. Market size and forecast, by application

CHAPTER 7: COMPETITIVE LANDSCAPE

  • 7.1. INTRODUCTION
    • 7.1.1. MARKET PLAYER POSITIONING, 2018
  • 7.2. PRODUCT MAPPING OF TOP 10 PLAYER
  • 7.3. COMPETITIVE HEATMAP

CHAPTER 8: COMPANY PROFILES

  • 8.1. Avalon Battery Corporation
    • 8.1.1. Company overview
    • 8.1.2. Company snapshot
    • 8.1.3. Product portfolio
  • 8.2. Dalian Rongke Power Co., Ltd.
    • 8.2.1. Company overview
    • 8.2.2. Company snapshot
    • 8.2.3. Product portfolio
  • 8.3. HydraRedox
    • 8.3.1. Company overview
    • 8.3.2. Company snapshot
    • 8.3.3. Product portfolio
  • 8.4. H2, Inc.
    • 8.4.1. Company overview
    • 8.4.2. Company snapshot
    • 8.4.3. Product portfolio
  • 8.5. Le System Co., Ltd.
    • 8.5.1. Company overview
    • 8.5.2. Company snapshot
    • 8.5.3. Product portfolio
  • 8.6. redT Energy Plc
    • 8.6.1. Company overview
    • 8.6.2. Company snapshot
    • 8.6.3. Operating business segments
    • 8.6.4. Product portfolio
    • 8.6.5. Business performance
  • 8.7. StorEn Technologies Inc.
    • 8.7.1. Company overview
    • 8.7.2. Company snapshot
    • 8.7.3. Product portfolio
  • 8.8. Storion Energy
    • 8.8.1. Company overview
    • 8.8.2. Company snapshot
    • 8.8.3. Product portfolio
  • 8.9. Sumitomo Electric Industries, Ltd.
    • 8.9.1. Company overview
    • 8.9.2. Company snapshot
    • 8.9.3. Operating business segments
    • 8.9.4. Product portfolio
    • 8.9.5. Business performance
    • 8.9.6. Key strategic moves and developments
  • 8.10. Vionx Energy
    • 8.10.1. Company overview
    • 8.10.2. Company snapshot
    • 8.10.3. Product portfolio

LIST OF TABLES

  • TABLE 01. GLOBAL REDOX FLOW BATTERY MARKET REVENUE, BY TYPE ($MILLION) (2019-2026) 62
  • TABLE 02. GLOBAL REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 63
  • TABLE 03. LARGEST OPERATIONAL VANADIUM GRID BATTERIES 65
  • TABLE 04. GLOBAL REDOX FLOW BATTERY MARKET FOR VANADIUM BATTERY, BY REGION, 2018-2026 ($MILLION) 66
  • TABLE 05. GLOBAL REDOX FLOWBATTERY MARKET FOR HYBRID BATTERY, BY REGION, 2018-2026 ($MILLION) 69
  • TABLE 06. GLOBAL REDOX FLOW BATTERY MARKET REVENUE, BY APPLICATION ($MILLION) (2019-2026) 73
  • TABLE 07. GLOBAL REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 74
  • TABLE 08. GLOBAL REDOX FLOW BATTERY MARKET FOR UTILITY SERVICES, BY REGION, 2018-2026 ($MILLION) 76
  • TABLE 09. GLOBAL REDOX FLOW BATTERY MARKET FOR RENEWABLE ENERGY INTEGRATION, BY REGION, 2018-2026 ($MILLION) 79
  • TABLE 10. GLOBAL REDOX FLOW BATTERY MARKET FOR UPS, BY REGION, 2018-2026 ($MILLION) 82
  • TABLE 11. GLOBAL REDOX FLOW BATTERY MARKET FOR OTHERS, BY REGION, 2018-2026 ($MILLION) 85
  • TABLE 12. GLOBAL REDOX FLOW BATTERY MARKET, BY REGION 2018-2026 ($MILLION) 88
  • TABLE 13. GLOBAL REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 89
  • TABLE 14. GLOBAL REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 90
  • TABLE 15. NORTH AMERICA REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 92
  • TABLE 16. NORTH AMERICA REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 93
  • TABLE 17. NORTH AMERICA REDOX FLOW BATTERY MARKET, BY COUNTRY 2018-2026 ($MILLION) 94
  • TABLE 18. U.S. REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 96
  • TABLE 19. U.S. REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 97
  • TABLE 20. CANADA REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 99
  • TABLE 21. CANADA REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 100
  • TABLE 22. MEXICO REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 102
  • TABLE 23. MEXICO REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 103
  • TABLE 24. EUROPE REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 106
  • TABLE 25. EUROPE REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 107
  • TABLE 26. EUROPE REDOX FLOW BATTERY MARKET, BY COUNTRY 2018-2026 ($MILLION) 108
  • TABLE 27. GERMANY REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 110
  • TABLE 28. GERMANY REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 111
  • TABLE 29. FRANCE REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 113
  • TABLE 30. FRANCE REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 114
  • TABLE 31. ITALY REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 116
  • TABLE 32. ITALY REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 117
  • TABLE 33. SPAIN REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 119
  • TABLE 34. SPAIN REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 120
  • TABLE 35. UK REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 122
  • TABLE 36. UK REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 123
  • TABLE 37. REST OF EUROPE REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 125
  • TABLE 38. REST OF EUROPE REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 126
  • TABLE 39. ASIA-PACIFIC REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 128
  • TABLE 40. ASIA-PACIFIC REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 129
  • TABLE 41. ASIA-PACIFIC REDOX FLOW BATTERY MARKET, BY COUNTRY 2018-2026 ($MILLION) 130
  • TABLE 42. CHINA REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 132
  • TABLE 43. CHINA REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 133
  • TABLE 44. JAPAN REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 135
  • TABLE 45. JAPAN REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 136
  • TABLE 46. INDIA REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 138
  • TABLE 47. INDIA REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 139
  • TABLE 48. SOUTH KOREA REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 141
  • TABLE 49. SOUTH KOREA REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 142
  • TABLE 50. AUSTRALIA REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 144
  • TABLE 51. AUSTRALIA REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 145
  • TABLE 52. REST OF ASIA-PACIFIC REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 147
  • TABLE 53. REST OF ASIA-PACIFIC REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 148
  • TABLE 54. LAMEA REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 150
  • TABLE 55. LAMEA REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 151
  • TABLE 56. LAMEA REDOX FLOW BATTERY MARKET, BY COUNTRY 2018-2026 ($MILLION) 152
  • TABLE 57. BRAZIL REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 154
  • TABLE 58. BRAZIL REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 155
  • TABLE 59. SAUDI ARABIA REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 157
  • TABLE 60. SAUDI ARABIA REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 158
  • TABLE 61. UAE REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 160
  • TABLE 62. UAE REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 161
  • TABLE 63. SOUTH AFRICA REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 163
  • TABLE 64. SOUTH AFRICA REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 164
  • TABLE 65. REST OF LAMEA REDOX FLOW BATTERY MARKET, BY TYPE 2018-2026 ($MILLION) 166
  • TABLE 66. REST OF LAMEA REDOX FLOW BATTERY MARKET, BY APPLICATION, 2018-2026 ($MILLION) 167
  • TABLE 67. AVALON: COMPANY SNAPSHOT 174
  • TABLE 68. AVALON: PRODUCT PORTFOLIO 174
  • TABLE 69. RONGKE POWER: COMPANY SNAPSHOT 176
  • TABLE 70. RONGKE POWER 176
  • TABLE 71. HYDRAREDOX: COMPANY SNAPSHOT 178
  • TABLE 72. HYDRAREDOX: PRODUCT PORTFOLIO 178
  • TABLE 73. H2, INC.: COMPANY SNAPSHOT 180
  • TABLE 74. H2, INC.: PRODUCT PORTFOLIO 180
  • TABLE 75. LE SYSTEM: COMPANY SNAPSHOT 182
  • TABLE 76. LE SYSTEM: PRODUCT PORTFOLIO 182
  • TABLE 77. REDT: COMPANY SNAPSHOT 184
  • TABLE 78. REDT: OPERATING SEGMENTS 184
  • TABLE 79. REDT: PRODUCT PORTFOLIO 185
  • TABLE 80. OVERALL FINANCIAL STATUS ($MILLION) 186
  • TABLE 81. STOREN TECHNOLOGIES INC.: COMPANY SNAPSHOT 188
  • TABLE 82. STOREN TECHNOLOGIES INC.: PRODUCT PORTFOLIO 188
  • TABLE 83. STORION ENERGY: COMPANY SNAPSHOT 190
  • TABLE 84. STORION ENERGY: PRODUCT PORTFOLIO 190
  • TABLE 85. SUMITOMO ELECTRIC: COMPANY SNAPSHOT 192
  • TABLE 86. SUMITOMO ELECTRIC: OPERATING SEGMENTS 193
  • TABLE 87. SUMITOMO ELECTRIC: PRODUCT PORTFOLIO 194
  • TABLE 88. OVERALL FINANCIAL STATUS ($MILLION) 195
  • TABLE 89. SUMITOMO ELECTRIC: KEY STRATEGIC MOVES AND DEVELOPMENTS 197
  • TABLE 90. VIONX: COMPANY SNAPSHOT 199
  • TABLE 91. VIONX: PRODUCT PORTFOLIO 199

LIST OF FIGURES

  • FIGURE 01. GLOBAL REDOX FLOW BATTERY MARKET SEGMENTATION 42
  • FIGURE 02. TOP INVESTMENT POCKETS, BY APPLICATION 44
  • FIGURE 03. HIGH BARGAINING POWER OF SUPPLIERS 45
  • FIGURE 04. MODERATE BARGAINING POWER OF BUYERS 46
  • FIGURE 05. HIGH THREAT OF NEW ENTRANTS 47
  • FIGURE 06. HIGH THREAT OF SUBSTITUTES 48
  • FIGURE 07. MODERATE INTENSITY OF COMPETITIVE RIVALRY 49
  • FIGURE 08. REDOX FLOW BATTERY MARKET DYNAMICS 50
  • FIGURE 09. RENEWABLE ENERGY GENERATION (2012-2018) (TERAWATT HOUR) 52
  • FIGURE 10. GLOBAL ELECTRIC VEHICLE PRODUCTION (2013-2017)(MILLION UNIT) 56
  • FIGURE 11. PARENT PEER MARKET OVERVIEW 57
  • FIGURE 12. PATENT ANALYSIS, BY COUNTRY 58
  • FIGURE 13. PATENT ANALYSIS, BY APPLICANT 59
  • FIGURE 14. COMPARATIVE SHARE ANALYSIS OF REDOX FLOWBATTERY MARKET FOR VANADIUM BATTERY, BY COUNTRY, 2018 & 2026 ($MILLION) 67
  • FIGURE 15. COMPARATIVE SHARE ANALYSIS OF REDOX FLOW BATTERY MARKET FOR HYBRID BATTERY, BY COUNTRY, 2018 & 2026 ($MILLION) 70
  • FIGURE 16. COMPARATIVE SHARE ANALYSIS OF REDOX FLOW BATTERY MARKET FOR UTILITY SERVICES, BY COUNTRY, 2018 & 2026 ($MILLION) 77
  • FIGURE 17. COMPARATIVE SHARE ANALYSIS OF REDOX FLOW BATTERY MARKET FOR RENEWABLE ENERGY INTEGRATION, BY COUNTRY, 2018 & 2026 ($MILLION) 80
  • FIGURE 18. COMPARATIVE SHARE ANALYSIS OF REDOX FLOW BATTERY MARKET FOR UPS, BY COUNTRY, 2018 & 2026 ($MILLION) 83
  • FIGURE 19. COMPARATIVE SHARE ANALYSIS OF REDOX FLOW BATTERY MARKET FOR OTHERS, BY COUNTRY, 2018 & 2026 ($MILLION) 86
  • FIGURE 20. U.S. REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 95
  • FIGURE 21. CANADA REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 98
  • FIGURE 22. MEXICO REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 101
  • FIGURE 23. INCREASE IN PERCETANGE OF RENEWABLE ENERGY IN EUROPE (2004-2017) 105
  • FIGURE 24. GERMANY REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 109
  • FIGURE 25. FRANCE REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 112
  • FIGURE 26. ITALY REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 115
  • FIGURE 27. SPAIN REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 118
  • FIGURE 28. UK REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 121
  • FIGURE 29. REST OF EUROPE REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 124
  • FIGURE 30. CHINA REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 131
  • FIGURE 31. JAPAN REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 134
  • FIGURE 32. INDIA REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 137
  • FIGURE 33. SOUTH KOREA REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 140
  • FIGURE 34. AUSTRALIA REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 143
  • FIGURE 35. REST OF ASIA-PACIFIC REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 146
  • FIGURE 36. BRAZIL REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 153
  • FIGURE 37. SAUDI ARABIA REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 156
  • FIGURE 38. UAE REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 159
  • FIGURE 39. SOUTH AFRICA REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 162
  • FIGURE 40. REST OF LAMEA REVENUE FOR REDOX FLOW BATTERIES ($MILLION) (2018-2026) 165
  • FIGURE 41. MARKET PLAYER POSITIONING, 2018 169
  • FIGURE 42. PRODUCT MAPPING OF TOP 10 PLAYERS 171
  • FIGURE 43. COMPETITIVE HEATMAP OF KEY PLAYERS 172
  • FIGURE 44. REDT: NET SALES, 2016-2018 ($MILLION) 185
  • FIGURE 45. REDT: REVENUE SHARE BY SEGMENT, 2018 (%) 186
  • FIGURE 46. SUMITOMO ELECTRIC: NET SALES, 2016-2018 ($MILLION) 194
  • FIGURE 47. SUMITOMO ELECTRIC: REVENUE SHARE BY SEGMENT, 2018 (%) 195
  • FIGURE 48. SUMITOMO ELECTRIC: REVENUE SHARE BY REGION, 2018 (%) 196
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