About Flow Battery

A flow battery is basically an electrochemical energy storage system that is rechargeable. It converts the chemical energy stored in the battery into electrical energy, similar to fuel cells and conventional batteries. It is suitable for providing backup power to large-scale application systems such as grid scale power systems.
A typical flow battery consists of two compartments, known as tanks. These tanks contain electrodes and are separated by a membrane. The flow battery is charged and discharged by chemical reactions between the liquid electrolytes.

Technavio’s analysts forecast the global flow battery market to grow at a CAGR of 9.4% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global flow battery market for 2016-2020. The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors operating in the market.

The market is divided into the following segments based on battery type:
• Redox battery system
• Hybrid battery systems
• others

Technavio's report, Global Flow Battery Market 2016-2020, 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
• EnerVault
• Imergy
• Primus Power
• Prudent Energy

Other prominent vendors
• Aquion Energy
• EnSync Energy Systems
• Redflow
• Sumitomo Electric
• UniEnergy Technologies

Market driver
• Increased government support
• For a full, detailed list, view our report

Market challenge
• Competition from other energy storage technologies
• For a full, detailed list, view our report

Market trend
• Increased use of flow battery in electric vehicles
• For a full, detailed list, view our report

Key questions answered in this report
• What will the market size be in 2020 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?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.