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(IT-NEWSWIRE.COM, April 06, 2019 ) According to this study, over the next five years the Redox Flow Battery market will register a 14.1% CAGR in terms of revenue, the global market size will reach US$ 280 million by 2024, from US$ 130 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Redox Flow Battery business, shared in Chapter 3.
North America and Asia-Pacific are the two largest countries with flow batteries Installation Capacity in the world, both the two countries take more than 80% of the world in 2017. Europe behind them, with about 15.09% market share.
There are more than seven main types of flow batteries in mass production or development stage in the market now. Vanadium Flow Battery is the main types, which can occupied about 70 percent revenue market share.
Currently, Sumitomo Electric, Dalian Rongke Power are the top two companies and lead in flow batteries with 29.33% and 19.29% revenue market share in 2017, respectively.
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3. Sumitomo Electric Dalian Rongke Power UniEnergy Technologies Gildemeister Primus Power redTENERGY Storage EnSync ...
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This study considers the Redox Flow Battery value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7. Vanadium Redox Flow Battery Hybrid Flow Battery
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8. Utility Facilities Renewable Energy Integration Others
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Table of Contents: 1 Scope of the Report 2 Executive Summary 3 Global Redox Flow Battery by Players 4 Redox Flow Battery by Regions 5 Americas 6 APAC 7 Europe 8 Middle East & Africa 9 Market Drivers, Challenges and Trends 10 Marketing, Distributors and Customer …Continued
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