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Global Flow Battery Market 2017-2021

Global Flow Battery Market 2017-2021

About Flow Battery

Batteries refer to the devices used to store energy, which can be utilized later at times of blackouts, power shortages, or when the demand for electricity is high. Batteries are divided into lead-acid, lithium, or nickel-based. A battery plate grid enhances the life and performance of a battery. The network composition is a balance among the electrolyte's specific gravity, the active material used, and lead concentration. Batteries are used in automobiles, electronics, golf carts, and forklifts, among others. Lithium-ion (Li-ion) and lead-acid batteries are most extensively utilized in automotive and motive industries.

Technavio’s analysts forecast the global flow battery market to grow at a CAGR of 3.38% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global flow battery market for 2017-2021. To calculate the market size, the report considers the cumulative installations of telecom towers worldwide.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Flow Battery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Primus Power
  • redT energy
  • UniEnergy Technologies
  • VanadiumCorp Resource
  • Vionx Energy
Other prominent vendors
  • ACME
  • Amara Raja Power Systems
  • Coslight Group
  • EaglePicher Technologies
  • Eaton
  • EverExceed
  • EXIDE INDUSTRIES
  • GS Battery (USA)
  • HBL Power Systems
  • Hitachi Chemical (previously FIAMM Energy Technology)
  • Hitachi Chemical Energy Technology
  • HOPPECKE
  • KPS Capital Partners (previously C&D TECHNOLOGIES)
  • LG Chem
  • NED Energy
  • NorthStar
  • Panasonic
  • SAMSUNG SDI
  • Schneider Electric
  • Shandong Sacred Sun Power Sources
  • Trojan Battery
  • Victron Energy
Market driver
  • Rise of green telecom towers
  • For a full, detailed list, view our report
Market challenge
  • Lead pollution and stringent laws
  • For a full, detailed list, view our report
Market trend
  • Declining Li-ion battery prices
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Flow Battery Market 2017-2021

Technavio recognizes the following companies as the key players in the global flow battery market: Primus Power, redT energy, UniEnergy Technologies, VanadiumCorp Resource, and Vionx Energy

Other Prominent Vendors in the market are: Australian Vanadium, Bushveld Energy, Cellennium (Thailand), Dalian Rongke Power, eChemion, Elestor, EnerVault, EnSync, GILDEMEISTER energy solutions, H2, ITN Energy Systems, JenaBatteries, JenaBatteries, Kemwatt, nanoFlowcell, Pu Neng Energy, Redflow, SCHMID Group, Shanghai Smart Energy, Sparton Resources, Sumitomo Electric Industries, thyssenkrupp, ViZn Energy Systems, volterion, VoltStorage, WattJoule, and YOUNICOS.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Declining Li-ion battery prices. The market for Li-ion batteries has been gaining impetus and is witnessing rapid growth. Owing to this, there has been a decline in the demand for lead-acid batteries. The factor that is discriminating between Li-ion batteries and lead-acid batteries is price. The cost of Li-ion batteries is more than that of lead-acid batteries. However, leading vendors in the manufacturing of Li-ion batteries are working on technological advances and are trying to reduce the price of Li-ion batteries.”

According to the report, one of the major drivers for this market is Rise of green telecom towers. Telecom tower and infrastructure operators in North America, especially those in the US, are under tremendous pressure to reduce their carbon footprint. Therefore, manufacturers of telecom power system are expanding their product portfolio with green telecom power systems. Diesel accounts for more than two-fifth of the total operating expenditure, with diesel generators being predominantly used in the telecom sector. However, their increased deployment can lead to environment pollution. Therefore, to reduce the operational costs and the related pollution from diesel generators, telecom operators are beginning to invest in alternative green power systems. For instance, in 2012, Eaton acquired Cooper Industries to integrate the expertise of smart grids with its existing product portfolio. The company also offers integrated, clean fuel cell backup power solutions and generator start-up optimization software.

Further, the report states that one of the major factors hindering the growth of this market is Lead pollution and stringent laws. Lead-acid batteries account for the majority of the overall lead production. The standard arrangement of lead-acid batteries consists of lead plates, with plastic coating on them, that are placed in sulfuric acid. The recycling of lead-acid batteries helps in reducing the number of disposable batteries as solid waste. These batteries are rechargeable, which helps consumers to reuse them. Also, the recycling process of lead-acid batteries has a high business potential. However, batteries comprise a high amount of lead oxide toxins that are harmful to the environment. As soon as these batteries stop yielding efficiency, they eventually become unusable and can only be considered as hazardous waste. The recycling of lead-acid batteries in highly populated areas, with limited pollution checks, has had a negative impact on the environment.

Companies Mentioned

Primus Power, redT energy, UniEnergy Technologies, VanadiumCorp Resource, Vionx Energy, Australian Vanadium, Bushveld Energy, Cellennium (Thailand), Dalian Rongke Power, eChemion, Elestor, EnerVault, EnSync, GILDEMEISTER energy solutions, H2, ITN Energy Systems, JenaBatteries, JenaBatteries, Kemwatt, nanoFlowcell, Pu Neng Energy, Redflow, SCHMID Group, Shanghai Smart Energy, Sparton Resources, Sumitomo Electric Industries, thyssenkrupp, ViZn Energy Systems, volterion, VoltStorage, WattJoule, and YOUNICOS.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
      • Table Types of flow battery
      • Table Schematic diagram of flow battery
      • Table Comparison between Li-ion and flow batteries
      • Table Flow diagram of vanadium redox battery
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Global flow battery market
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - inclusions and exclusions checklist
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing - 2016
    • Market size and forecast 2016-2021
      • Table Global flow battery market - Market size and forecast 2016-2021 ($ millions)
      • Table Global flow battery market - Year-over-year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis 2016
    • Table Five forces analysis 2021
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Five forces analysis, 2017
  • Market segmentation by battery type
    • Segmentation by battery type
      • Table Battery type - Market share 2016-2021 (%)
    • Comparison by battery type
      • Table Comparison by battery type
    • Redox battery - Market size and forecast 2016- 2021
      • Table Redox battery - Market size and forecast 2016-2021 ($ millions)
      • Table Redox flow systems
      • Table Redox battery - Year-over-year growth 2017-2021 (%)
    • Hybrid battery - Market size and forecast 2016- 2021
      • Table Hybrid battery - Market size and forecast 2016-2021 ($ millions)
      • Table Hybrid battery - Year-over-year growth 2017-2021 (%)
    • Market opportunity by battery type
      • Table Market opportunity by battery type
  • Regional landscape
    • Geographical segmentation
      • Table Regional - Market share by geography 2016-2021 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - Market size and forecast 2016-2021
      • Table Americas - Market size and forecast 2016-2021 ($ millions)
      • Table Americas - Year-over-year growth 2017-2021 (%)
    • EMEA - Market size and forecast 2016-2021
      • Table EMEA - Market size and forecast 2016-2021 ($ millions)
      • Table EMEA - Year-over-year growth 2017-2021 (%)
    • APAC - Market size and forecast 2016-2021
      • Table APAC - Market size and forecast 2016-2021 ($ millions)
      • Table APAC - Year-over-year growth 2017-2021 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Efficiency of various advanced storage systems 2016 (%)
      • Table Global Li-ion battery cost 2009-2016
  • Market trends
    • Increasing shift toward renewable energy
      • Table Comparison of various energy storage systems
    • Widening scope of vanadium redox battery use
    • Growing need for electrification
      • Table Global electrification rate, 2016
  • Vendor landscape
    • Competitive scenario
  • Vendor analysis
    • Vendor overview
    • Primus Power
      • Table Primus Power: Key products
    • redT energy
      • Table redT energy: Key products
    • UniEnergy Technologies
      • Table UniEnergy Technologies: Key products
    • VanadiumCorp Resource
      • Table VanadiumCorp Resource: Key products
    • Vionx Energy
      • Table Vionx Energy: Key products
  • Appendix
    • List of abbreviations
  • Explore Technavio

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