Global Flow Battery Market Forecasts 2018-2023: Market to Witness a CAGR of 28.61% - Rising to $987 Million

The "Flow Battery Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.
Global flow battery market is projected to witness a CAGR of 28.61% during the forecast period to reach a total market size of US$987.758 million by 2023, increasing from US$218.250 million in 2017.
Flow battery is a rechargeable electrochemical device which converts the chemical energy in the electro-active materials directly to electrical energy, similar to a conventional battery and fuel cells.
In a flow battery there is also inherent safety of storing the active materials separately from the reactive point source.

DUBLIN, Sept. 18, 2018 /PRNewswire/ --

The "Flow Battery Market - Forecasts from 2018 to 2023" report has been added to ResearchAndMarkets.com's offering.

Global flow battery market is projected to witness a CAGR of 28.61% during the forecast period to reach a total market size of US$987.758 million by 2023, increasing from US$218.250 million in 2017.

Flow battery is a rechargeable electrochemical device which converts the chemical energy in the electro-active materials directly to electrical energy, similar to a conventional battery and fuel cells. The rechargeability is provided by two chemical components dissolved in liquids contained within the system and most commonly separated by a membrane.

The market is driven by the more stable and durable performance of the flow batteries as compared to the conventional batteries because the electrodes in flow batteries do not undergo physical and chemical changes during operation (because they do not contain active materials).

In a flow battery there is also inherent safety of storing the active materials separately from the reactive point source. Other advantages are quick response times (common to all battery systems), high electricity-to-electricity conversion efficiency, no cell-to-cell equalization requirement, simple state-of-charge indication (based on electro-active concentrations), low maintenance, tolerance to overcharge and over discharge, and perhaps most importantly, the ability for deep discharges without affecting cycle life.

Major industry players profiled as part of the report are Kemwatt, Primus Power, Vanadis Power GmbH and Vionx Energy Corporation among others.

Segmentation:

By Type

Redox Flow Battery
Organic Flow Battery
Hybrid Flow Battery
Membraneless Flow Battery

By Application

Commercial and Industrial
Utilities
Defense
Others

Key Topics Covered:

1. Introduction

2. Research Methodology

3. Key Findings of the Study

4. Market Dynamics

5. Global Flow battery Market Forecast by Type

6. Global Flow Battery Market Forecast by Application

7. Global Flow battery Market Forecast by Geography

8. Competitive intelligence

9. Company Profiles

Primus Power
SCHMID Group
Vionx Energy Corporation
ViZn Energy Systems
Redt Energy Plc
Sumitomo Electric Industries
Redflow Limited
ESS, Inc
Vanadis Power GmbH
Kemwatt

For more information about this report visit

https://www.researchandmarkets.com/research/2tbdtf/global_flow?w=5

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

Media Contact:

Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/global-flow-battery-market-forecasts-2018-2023-market-to-witness-a-cagr-of-28-61---rising-to-987-million-300714771.html

SOURCE Research and Markets