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Market Research Report
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1014811

Flow Batteries: Global Markets

Published: | BCC Research | 129 Pages | Delivery time: 1-2 business days

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Flow Batteries: Global Markets
Published: June 15, 2021
BCC Research
Content info: 129 Pages
Delivery time: 1-2 business days
  • ALL
  • Description
  • Table of Contents
Description

Highlights:

The global market for flow batteries should grow from $288.5 million in 2021 to $1.0 billion by 2026 with a compound annual growth rate (CAGR) of 28.6% for the period of 2021-2026.

Asia-Pacific flow batteries market should grow from $248.6 million in 2021 to $868.1 million by 2026 with a compound annual growth rate (CAGR) of 28.4% for the period of 2021-2026.

North American flow batteries market should grow from $16.8 million in 2021 to $66.1 million by 2026 with a compound annual growth rate (CAGR) of 31.5% for the period of 2021-2026.

Report Scope

The flow battery report covers all batteries that are currently available commercially. The market report also analyzes the end-use segments in which flow batteries find application at both the regional and country level.

The report provides market size and estimations in terms of revenue (U.S. currency), considering 2020 as the base year with a market forecast provided from 2021 to 2026. The market size for regional and country level also is covered. The report also analyzes the impact of the COVID-19 pandemic on the market estimations.

In terms of battery technology, the market for flow batteries is segmented into -

  • Vanadium redox flow battery (VRFB).
  • Zinc bromine (ZnBr) flow battery.
  • Other batteries.

In terms of application, the market for flow batteries is segmented into -

  • Load shifting.
  • Peaking capacity.
  • Microgrid formation.
  • Others.

In terms of end-use, the market for flow batteries is segmented into -

  • Utility.
  • Commercial.
  • Residential.

Report Includes

  • 43 data tables and 11 additional tables
  • An overview of the global market for flow batteries
  • Estimation of the market size and analyses of market trends, with data from 2020, estimates for 2021 and projection of CAGR through 2026
  • Market share analysis of flow batteries by type, end use, application, and region, and evaluation of market size and forecast, and detailed analysis of drivers, challenges, and opportunities affecting market growth
  • Description of flow batteries functioning that makes them the safest batteries with negligible risk of fire hazards, and discussion on how flow batteries are different from conventional batteries and high-temperature batteries
  • Coverage of recent R&D activities and insights into regulations and norms concerning the flow batteries market
  • Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
  • Comprehensive company profiles of major players, including Redflow, ESS Inc., Vionx Energy, Unienergy Technologies, EnerVault Corp., Primus Power and Sumitomo Electric Industries Ltd.
Table of Contents
Product Code: FCB055A

Table of Contents

Chapter 1 Introduction

  • Study Goals and Objectives
  • Reasons for Doing This Study
  • Scope of Report
  • Information Sources
  • Methodology
  • Geographic Breakdown
  • Analyst's Credentials
  • BCC Custom Research
  • Related BCC Research Reports

Chapter 2 Summary and Highlights

Chapter 3 Market and Technology Background

  • Industry Overview
  • Batteries
  • General Description
  • Battery Technology: A Brief History
  • General Battery Characteristics
  • Voltage
  • Capacity
  • Shelf Life
  • Drain
  • Safety
  • Utility-Scale Electricity Storage
  • Overall Challenges
  • Flow Batteries
  • Flow Battery Categories
  • Vanadium Redox
  • Hybrid Flow Batteries
  • Battery Energy Storage: Technology Comparison
  • Background
  • Market Drivers
  • Rising Energy Prices
  • Investments: R&D and Demonstration Projects
  • Renewable Energy Integration
  • Smart Grids and Distributed Power Generation Systems
  • Electric Vehicles
  • Changing National Policies
  • Deregulating Electric Utility Markets
  • Overall Challenges: Grid-Scale Electricity Storage Technology and Flow Batteries
  • Implementing Large-Scale EES
  • High Capital Costs
  • Regulatory Challenges
  • Overall Growth Barriers: Grid-Scale Electricity Storage Technology and Flow Batteries
  • Conservatism in the Utility Industry
  • Large-Scale Demonstration Projects
  • Competition
  • Energy Loss During Storage
  • Economic Risk
  • Drawbacks

Chapter 4 Market Breakdown by Battery Technology

  • Introduction
  • Vanadium Redox Flow Battery
  • Overview
  • Market Size and Forecast
  • Zinc-Bromine Flow Battery
  • Overview
  • Market Size and Forecast
  • Other Flow Batteries
  • Overview
  • Market Size and Forecast

Chapter 5 Market Breakdown by Application

  • Introduction
  • Load Shifting
  • Overview
  • Market Size and Forecast
  • Peaking Capacity
  • Overview
  • Market Size and Forecast
  • Microgrid Formation
  • Overview
  • Market Size and Forecast
  • Others
  • Overview
  • Market Size and Forecast

Chapter 6 Market Breakdown by End Use

  • Introduction
  • Utility
  • Overview
  • Market Size and Forecast
  • Commercial
  • Overview
  • Market Size and Forecast
  • Residential
  • Overview
  • Market Size and Forecast

Chapter 7 Market Breakdown by Region

  • Introduction
  • North America
  • Overview
  • Market Size by Segment
  • Market Size and Forecast
  • Market Size by Country
  • Europe
  • Overview
  • Market Size and Forecast
  • Market Size by Segment
  • Market Size by Country
  • Asia-Pacific
  • Overview
  • Market Size by Segment
  • Market Size and Forecast
  • Market Size by Country
  • LAMEA
  • Overview
  • Market Size by Segment
  • Market Size and Forecast

Chapter 8 Competitive Analysis

  • Key Players and Industry Competition
    • Recent Developments
  • Key Players

Chapter 9 Battery R&D Organizations

Chapter 10 Company Profiles

  • AMERICAN VANADIUM
  • ENERVAULT CORP.
  • ENSYNC INC.
  • ESS INC.
  • IMERGY POWER SYSTEMS
  • INVINITY ENERGY SYSTEMS PLC
  • PRUDENT ENERGY
  • PRIMUS POWER
  • REDFLOW LTD.
  • SCHMID GROUP
  • SUMITOMO ELECTRIC INDUSTRIES LTD.
  • UNIENERGY TECHNOLOGIES LLC
  • VIONX ENERGY CORP.
  • VIZN ENERGY
  • YOUNICOS INC.
  • Manufacturers: Related Components
  • ABB LTD.
  • ALEVO U.S.
  • AXION POWER INTERNATIONAL INC.
  • BOSCH GROUP
  • DYNAPOWER ENERGY MANAGEMENT
  • FURUKAWA BATTERY
  • GE ENERGY STORAGE
  • GREEN CHARGE NETWORKS
  • GREENSMITH ENERGY MANAGEMENT SYSTEMS
  • HUDSON CLEAN ENERGY PARTNERS
  • JLM ENERGY INC.
  • OUTBACK POWER
  • S&C ELECTRIC CO.
  • SHARP
  • SIEMENS ENERGY
  • STEM INC.
  • SUNVERGE ENERGY
  • TOSHIBA POWER GENERATION DIVISION
  • XTREME POWER

List of Tables

  • Summary Table : Global Market for Flow Batteries, by Region, Through 2026
  • Table 1 : List of Grid-Scale Battery Storage Technologies
  • Table 2 : Large and Advanced Battery Systems
  • Table 3 : Technical Characteristics: VRB Systems, by Application
  • Table 4 : ZnBr Battery Cost, by Size and Application, 2010
  • Table 5 : Technologies for Large-Scale Energy Storage
  • Table 6 : Global Market for Flow Batteries, by Battery Technology, Through 2026
  • Table 7 : Global Market for Flow Batteries, by Application, Through 2026
  • Table 8 : Global Market for Flow Batteries, by End Use, Through 2026
  • Table 9 : Global Market for Flow Batteries, by Region, Through 2026
  • Table 10 : North America: Key Country Figures, 2020
  • Table 11 : Existing and Planned (Proposed, Under Construction, Contracted, Announced), U.S. Energy Storage Technologies, Split, by Capacity, 2019
  • Table 12 : Existing and Planned (Proposed, Under Construction, Contracted, Announced), U.S. Energy Storage Technologies, Split, by Capacity, 2019
  • Table 13 : Major North American Grid-Scale Electricity Storage Component Manufacturers and Engineers
  • Table 14 : North American Market for Flow Batteries, by Battery Technology, Through 2026
  • Table 15 : North American Market for Flow Batteries, by Application, Through 2026
  • Table 16 : North American Market for Flow Batteries, by End Use, Through 2026
  • Table 17 : U.S. Market for Flow Batteries, by Battery Technology, Through 2026
  • Table 18 : U.S. Market for Flow Batteries, by End Use, Through 2026
  • Table 19 : Canadian Market for Flow Batteries, by Battery Technology, Through 2026
  • Table 20 : Canadian Market for Flow Batteries, by End Use, Through 2026
  • Table 21 : Western Europe: Key Country Demographics, 2020
  • Table 22 : European Market for Flow Batteries, by Battery Technology, Through 2026
  • Table 23 : European Market for Flow Batteries, by Application, Through 2026
  • Table 24 : European Market for Flow Batteries, by End Use, Through 2026
  • Table 25 : German Market for Flow Batteries, by Battery Technology, Through 2026
  • Table 26 : German Market for Flow Batteries, by End Use, Through 2026
  • Table 27 : French Market for Flow Batteries, by Battery Technology, Through 2026
  • Table 28 : French Market for Flow Batteries, by End Use, Through 2026
  • Table 29 : U.K. Market for Flow Batteries, by Battery Technology, Through 2026
  • Table 30 : U.K. Market for Flow Batteries, by End Use, Through 2026
  • Table 31 : Spanish Market for Flow Batteries, by Battery Technology, Through 2026
  • Table 32 : Spanish Market for Flow Batteries, by End Use, Through 2026
  • Table 33 : Rest of European Market for Flow Batteries, by Battery Technology, Through 2026
  • Table 34 : Rest of European Market for Flow Batteries, by End Use, Through 2026
  • Table 35 : Asia-Pacific: Key Country Demographics, 2020
  • Table 36 : Asia-Pacific Market for Flow Batteries, by Battery Technology, Through 2026
  • Table 37 : Asia-Pacific Market for Flow Batteries, by Application, Through 2026
  • Table 38 : Asia-Pacific Market for Flow Batteries, by End Use, Through 2026
  • Table 39 : Chinese Market for Flow Batteries, by Battery Technology, Through 2026
  • Table 40 : Chinese Market for Flow Batteries, by End Use, Through 2026
  • Table 41 : Indian Market for Flow Batteries, by Battery Technology, Through 2026
  • Table 42 : Indian Market for Flow Batteries, by End Use, Through 2026
  • Table 43 : Japanese Market for Flow Batteries, by Battery Technology, Through 2026
  • Table 44 : Japanese Market for Flow Batteries, by End Use, Through 2026
  • Table 45 : Australian Market for Flow Batteries, by Battery Technology, Through 2026
  • Table 46 : Australian Market for Flow Batteries, by End Use, Through 2026
  • Table 47 : South Korean Market for Flow Batteries, by Battery Technology, Through 2026
  • Table 48 : South Korean Market for Flow Batteries, by End Use, Through 2026
  • Table 49 : Rest of Asia-Pacific Market for Flow Batteries, by Battery Technology, Through 2026
  • Table 50 : Rest of Asia-Pacific Market for Flow Batteries, by End Use, Through 2026
  • Table 51 : LAMEA Market for Flow Batteries, by Battery Technology, Through 2026
  • Table 52 : LAMEA Market for Flow Batteries, by Application, Through 2026
  • Table 53 : LAMEA Market for Flow Batteries, by End Use, Through 2026

List of Figures

  • Summary Figure : Global Market for Flow Batteries, by Region, 2020-2026
  • Figure 1 : Flow Battery System
  • Figure 2 : Flow Battery Cell Construction
  • Figure 3 : ZnBr Battery Composition
  • Figure 4 : Global Market Shares of Flow Batteries, by Battery Technology, 2020
  • Figure 5 : Global Market for Flow Batteries, by VRFB Technology, 2020-2026
  • Figure 6 : Global Market for Flow Batteries, by ZnBr Flow battery Technology, 2020-2026
  • Figure 7 : Global Market for Other Types of Battery Technologies, 2020-2026
  • Figure 8 : Global Market Shares of Flow Batteries, by Application, 2020
  • Figure 9 : Global Market for Flow Batteries in Load Shifting Applications, 2020-2026
  • Figure 10 : Global Market for Flow Batteries in Peaking Capacity Applications, 2020-2026
  • Figure 11 : Global Market for Flow Batteries in Microgrid Formation Applications, 2020-2026
  • Figure 12 : Global Market for Flow Batteries in Other Applications, 2020-2026
  • Figure 13 : Global Market Shares of Flow Batteries, by End Use, 2020
  • Figure 14 : Global Market for Flow Batteries in Utility End Uses, 2020-2026
  • Figure 15 : Global Market for Flow Batteries in Commercial End Uses, 2020-2026
  • Figure 16 : Global Market for Flow Batteries in Residential End Uses, 2020-2026
  • Figure 17 : Global Market Shares of Flow Batteries, by Region, 2020
  • Figure 18 : North American Market for Flow Batteries, 2020-2026
  • Figure 19 : U.S. Market for Flow Batteries, 2020-2026
  • Figure 20 : Canadian Market for Flow Batteries, 2020-2026
  • Figure 21 : European Market for Flow Batteries, 2020-2026
  • Figure 22 : German Market for Flow Batteries, 2020-2026
  • Figure 23 : French Market for Flow Batteries, 2020-2026
  • Figure 24 : U.K. Market for Flow Batteries, 2020-2026
  • Figure 25 : Spanish Market for Flow Batteries, 2020-2026
  • Figure 26 : Rest of European Market for Flow Batteries, 2020-2026
  • Figure 27 : Asia-Pacific Market for Flow Batteries, 2020-2026
  • Figure 28 : Chinese Market for Flow Batteries, 2020-2026
  • Figure 29 : Indian Market for Flow Batteries, 2020-2026
  • Figure 30 : Japanese Market for Flow Batteries, 2020-2026
  • Figure 31 : Australian Market for Flow Batteries, 2020-2026
  • Figure 32 : South Korean Market for Flow Batteries, 2020-2026
  • Figure 33 : Rest of Asia-Pacific Market for Flow Batteries, 2020-2026
  • Figure 34 : LAMEA Market for Flow Batteries, 2020-2026