In this report, the global Redox Flow Battery market is valued at USD XX million in 2019 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2019 and 2025.
A redox flow battery is an electrochemical energy storage device that converts chemical energy into electrical energy through reversible oxidation and reduction of working fluids. Vanadium redox flow battery, polysulfide bromide battery (Regenesys), and uranium redox flow battery are some examples of redox flow batteries.
Increasing adoption of solar power is expected to propel growth of the global redox flow battery market over the forecast period. For instance, a survey of CITE Research on behalf of Vivint Solar reported that 70% adults in the U.S. support a nationwide mandate requiring solar panels to be installed on all newly built homes. Moreover, increasing adoption of wind energy is also expected to aid in growth of the global redox flow battery market. For instance, according to the U.K.’s Department for Business, Energy and Industrial Strategy, wind generated 30% of the UK’s power in the first quarter of 2020, more than the previous record of 22.3% set in the fourth quarter of 2019, with 15.2% coming from offshore capacity and 14.7% from onshore.
Increasing funding for producing hydrogen using wind and solar power is expected to offer lucrative growth opportunities for players in the global redox flow battery market. For instance, in May 2020, The Australian Renewable Energy Agency granted US$ 1.11 million to a feasibility study of BP Plc for producing hydrogen using wind and solar power.
Moreover, increasing funding in the military and defense sector is also expected to offer lucrative growth opportunities for players in the global redox flow battery market. For instance, China's Ministry of Finance announced a yearly budget of US$ 177.5 billion for the defense sector compared to US$ 167.4 billion in 2018.
However, a relatively poor energy-to-volume ratio of redox flow batteries in comparison with standard storage batteries, and the relatively poor round trip efficiency is expected to hinder growth of the global redox flow battery market.
Key Takeaways
- Increasing adoption of solar power is expected to propel growth of the global redox flow battery market over the forecast period
- Major players operating in the global redox flow battery market are focused on adopting partnership and collaboration strategies to enhance their market share. For instance, in June 2020, Primus Power collaborated with Israel-based Technion to create affordable, rechargeable batteries to store solar and wind power.
- Major players operating in the global redox flow battery market include, Sumitomo Electric Industries, Ltd., Primus Power, Invinity Energy Systems, enSYNC Corporation, STEAG Solar Energy Solutions GmbH, ViZn Energy Systems, ESS, Inc., Redflow Limited, SCHMID Group, and Vionx Energy Corporation.
Geographically, this report split global into several key Regions, with sales (MWh), revenue (Million USD), market share and growth rate of Redox Flow Battery for these regions, from 2018 to 2025 (forecast), covering
United States
China
Europe
Japan
Southeast Asia
India
Global Redox Flow Battery market competition by top manufacturers/players, with Redox Flow Battery sales volume, Price (USD/KWh), revenue (Million USD) and market share for each manufacturer/player; the top players including
Sumitomo Electric
Dalian Rongke Power
UniEnergy Technologies
Gildemeister
Primus Power
redTENERGY Storage
EnSync
...
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Vanadium Redox Flow Battery
Hybrid Flow Battery
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Redox Flow Battery for each application, including
Utility Facilities
Renewable Energy Integration
Others (Industry, Research etc.)
If you have any special requirements, please let us know and we will offer you the report as you want.
Table of Contents
Global Redox Flow Battery Sales Market Report 2019
1 Redox Flow Battery Market Overview
1.1 Product Overview and Scope of Redox Flow Battery
1.2 Classification of Redox Flow Battery by Product Category
1.2.1 Global Redox Flow Battery Market Size (Sales) Comparison by Type (2014-2024)
1.2.2 Global Redox Flow Battery Market Size (Sales) Market Share by Type (Product Category) in 2016
1.2.3 Vanadium Redox Flow Battery
1.2.4 Hybrid Flow Battery
1.3 Global Redox Flow Battery Market by Application/End Users
1.3.1 Global Redox Flow Battery Sales (Volume) and Market Share Comparison by Application (2014-2024)
1.3.2 Utility Facilities
1.3.3 Renewable Energy Integration
1.3.4 Others (Industry, Research etc.)
1.4 Global Redox Flow Battery Market by Region
1.4.1 Global Redox Flow Battery Market Size (Value) Comparison by Region (2014-2024)
1.4.2 United States Redox Flow Battery Status and Prospect (2014-2024)
1.4.3 China Redox Flow Battery Status and Prospect (2014-2024)
1.4.4 Europe Redox Flow Battery Status and Prospect (2014-2024)
1.4.5 Japan Redox Flow Battery Status and Prospect (2014-2024)
1.4.6 Southeast Asia Redox Flow Battery Status and Prospect (2014-2024)
1.4.7 India Redox Flow Battery Status and Prospect (2014-2024)
1.5 Global Market Size (Value and Volume) of Redox Flow Battery (2014-2024)
1.5.1 Global Redox Flow Battery Sales and Growth Rate (2014-2024)
1.5.2 Global Redox Flow Battery Revenue and Growth Rate (2014-2024)
2 Global Redox Flow Battery Competition by Players/Suppliers, Type and Application
2.1 Global Redox Flow Battery Market Competition by Players/Suppliers
2.1.1 Global Redox Flow Battery Sales and Market Share of Key Players/Suppliers (2014-2019)
2.1.2 Global Redox Flow Battery Revenue and Share by Players/Suppliers (2014-2019)
2.2 Global Redox Flow Battery (Volume and Value) by Type
2.2.1 Global Redox Flow Battery Sales and Market Share by Type (2014-2019)
2.2.2 Global Redox Flow Battery Revenue and Market Share by Type (2014-2019)
2.3 Global Redox Flow Battery (Volume and Value) by Region
2.3.1 Global Redox Flow Battery Sales and Market Share by Region (2014-2019)
2.3.2 Global Redox Flow Battery Revenue and Market Share by Region (2014-2019)
2.4 Global Redox Flow Battery (Volume) by Application
3 United States Redox Flow Battery (Volume, Value and Sales Price)
3.1 United States Redox Flow Battery Sales and Value (2014-2019)
3.1.1 United States Redox Flow Battery Sales and Growth Rate (2014-2019)
3.1.2 United States Redox Flow Battery Revenue and Growth Rate (2014-2019)
3.1.3 United States Redox Flow Battery Sales Price Trend (2014-2019)
3.2 United States Redox Flow Battery Sales Volume and Market Share by Players
3.3 United States Redox Flow Battery Sales Volume and Market Share by Type
3.4 United States Redox Flow Battery Sales Volume and Market Share by Application
4 China Redox Flow Battery (Volume, Value and Sales Price)
4.1 China Redox Flow Battery Sales and Value (2014-2019)
4.1.1 China Redox Flow Battery Sales and Growth Rate (2014-2019)
4.1.2 China Redox Flow Battery Revenue and Growth Rate (2014-2019)
4.1.3 China Redox Flow Battery Sales Price Trend (2014-2019)
4.2 China Redox Flow Battery Sales Volume and Market Share by Players
4.3 China Redox Flow Battery Sales Volume and Market Share by Type
4.4 China Redox Flow Battery Sales Volume and Market Share by Application
5 Europe Redox Flow Battery (Volume, Value and Sales Price)
5.1 Europe Redox Flow Battery Sales and Value (2014-2019)
5.1.1 Europe Redox Flow Battery Sales and Growth Rate (2014-2019)
5.1.2 Europe Redox Flow Battery Revenue and Growth Rate (2014-2019)
5.1.3 Europe Redox Flow Battery Sales Price Trend (2014-2019)
5.2 Europe Redox Flow Battery Sales Volume and Market Share by Players
5.3 Europe Redox Flow Battery Sales Volume and Market Share by Type
5.4 Europe Redox Flow Battery Sales Volume and Market Share by Application
6 Japan Redox Flow Battery (Volume, Value and Sales Price)
6.1 Japan Redox Flow Battery Sales and Value (2014-2019)
6.1.1 Japan Redox Flow Battery Sales and Growth Rate (2014-2019)
6.1.2 Japan Redox Flow Battery Revenue and Growth Rate (2014-2019)
6.1.3 Japan Redox Flow Battery Sales Price Trend (2014-2019)
6.2 Japan Redox Flow Battery Sales Volume and Market Share by Players
6.3 Japan Redox Flow Battery Sales Volume and Market Share by Type
6.4 Japan Redox Flow Battery Sales Volume and Market Share by Application
7 Southeast Asia Redox Flow Battery (Volume, Value and Sales Price)
7.1 Southeast Asia Redox Flow Battery Sales and Value (2014-2019)
7.1.1 Southeast Asia Redox Flow Battery Sales and Growth Rate (2014-2019)
7.1.2 Southeast Asia Redox Flow Battery Revenue and Growth Rate (2014-2019)
7.1.3 Southeast Asia Redox Flow Battery Sales Price Trend (2014-2019)
7.2 Southeast Asia Redox Flow Battery Sales Volume and Market Share by Players
7.3 Southeast Asia Redox Flow Battery Sales Volume and Market Share by Type
7.4 Southeast Asia Redox Flow Battery Sales Volume and Market Share by Application
8 India Redox Flow Battery (Volume, Value and Sales Price)
8.1 India Redox Flow Battery Sales and Value (2014-2019)
8.1.1 India Redox Flow Battery Sales and Growth Rate (2014-2019)
8.1.2 India Redox Flow Battery Revenue and Growth Rate (2014-2019)
8.1.3 India Redox Flow Battery Sales Price Trend (2014-2019)
8.2 India Redox Flow Battery Sales Volume and Market Share by Players
8.3 India Redox Flow Battery Sales Volume and Market Share by Type
8.4 India Redox Flow Battery Sales Volume and Market Share by Application
9 Global Redox Flow Battery Players/Suppliers Profiles and Sales Data
9.1 Sumitomo Electric
9.1.1 Company Basic Information, Manufacturing Base and Competitors
9.1.2 Redox Flow Battery Product Category, Application and Specification
9.1.2.1 Product A
9.1.2.2 Product B
9.1.3 Sumitomo Electric Redox Flow Battery Sales, Revenue, Price and Gross Margin (2014-2019)
9.1.4 Main Business/Business Overview
9.2 Dalian Rongke Power
9.2.1 Company Basic Information, Manufacturing Base and Competitors
9.2.2 Redox Flow Battery Product Category, Application and Specification
9.2.2.1 Product A
9.2.2.2 Product B
9.2.3 Dalian Rongke Power Redox Flow Battery Sales, Revenue, Price and Gross Margin (2014-2019)
9.2.4 Main Business/Business Overview
9.3 UniEnergy Technologies
9.3.1 Company Basic Information, Manufacturing Base and Competitors
9.3.2 Redox Flow Battery Product Category, Application and Specification
9.3.2.1 Product A
9.3.2.2 Product B
9.3.3 UniEnergy Technologies Redox Flow Battery Sales, Revenue, Price and Gross Margin (2014-2019)
9.3.4 Main Business/Business Overview
9.4 Gildemeister
9.4.1 Company Basic Information, Manufacturing Base and Competitors
9.4.2 Redox Flow Battery Product Category, Application and Specification
9.4.2.1 Product A
9.4.2.2 Product B
9.4.3 Gildemeister Redox Flow Battery Sales, Revenue, Price and Gross Margin (2014-2019)
9.4.4 Main Business/Business Overview
9.5 Primus Power
9.5.1 Company Basic Information, Manufacturing Base and Competitors
9.5.2 Redox Flow Battery Product Category, Application and Specification
9.5.2.1 Product A
9.5.2.2 Product B
9.5.3 Primus Power Redox Flow Battery Sales, Revenue, Price and Gross Margin (2014-2019)
9.5.4 Main Business/Business Overview
9.6 redTENERGY Storage
9.6.1 Company Basic Information, Manufacturing Base and Competitors
9.6.2 Redox Flow Battery Product Category, Application and Specification
9.6.2.1 Product A
9.6.2.2 Product B
9.6.3 redTENERGY Storage Redox Flow Battery Sales, Revenue, Price and Gross Margin (2014-2019)
9.6.4 Main Business/Business Overview
9.7 EnSync
9.7.1 Company Basic Information, Manufacturing Base and Competitors
9.7.2 Redox Flow Battery Product Category, Application and Specification
9.7.2.1 Product A
9.7.2.2 Product B
9.7.3 EnSync Redox Flow Battery Sales, Revenue, Price and Gross Margin (2014-2019)
9.7.4 Main Business/Business Overview
...
10 Redox Flow Battery Maufacturing Cost Analysis
10.1 Redox Flow Battery Key Raw Materials Analysis
10.1.1 Key Raw Materials
10.1.2 Price Trend of Key Raw Materials
10.1.3 Key Suppliers of Raw Materials
10.1.4 Market Concentration Rate of Raw Materials
10.2 Proportion of Manufacturing Cost Structure
10.2.1 Raw Materials
10.2.2 Labor Cost
10.2.3 Manufacturing Process Analysis of Redox Flow Battery
10.3 Manufacturing Process Analysis of Redox Flow Battery
11 Industrial Chain, Sourcing Strategy and Downstream Buyers
11.1 Redox Flow Battery Industrial Chain Analysis
11.2 Upstream Raw Materials Sourcing
11.3 Raw Materials Sources of Redox Flow Battery Major Manufacturers in 2016
11.4 Downstream Buyers
12 Marketing Strategy Analysis, Distributors/Traders
12.1 Marketing Channel
12.1.1 Direct Marketing
12.1.2 Indirect Marketing
12.1.3 Marketing Channel Development Trend
12.2 Market Positioning
12.2.1 Pricing Strategy
12.2.2 Brand Strategy
12.2.3 Target Client
12.3 Distributors/Traders List
13 Market Effect Factors Analysis
13.1 Technology Progress/Risk
13.1.1 Substitutes Threat
13.1.2 Technology Progress in Related Industry
13.2 Consumer Needs/Customer Preference Change
13.3 Economic/Political Environmental Change
14 Global Redox Flow Battery Market Forecast (2019-2024)
14.1 Global Redox Flow Battery Sales Volume, Revenue and Price Forecast (2019-2024)
14.1.1 Global Redox Flow Battery Sales Volume and Growth Rate Forecast (2019-2024)
14.1.2 Global Redox Flow Battery Revenue and Growth Rate Forecast (2019-2024)
14.1.3 Global Redox Flow Battery Price and Trend Forecast (2019-2024)
14.2 Global Redox Flow Battery Sales Volume, Revenue and Growth Rate Forecast by Region (2019-2024)
14.2.1 Global Redox Flow Battery Sales Volume and Growth Rate Forecast by Regions (2019-2024)
14.2.2 Global Redox Flow Battery Revenue and Growth Rate Forecast by Regions (2019-2024)
14.2.3 United States Redox Flow Battery Sales Volume, Revenue and Growth Rate Forecast (2019-2024)
14.2.4 China Redox Flow Battery Sales Volume, Revenue and Growth Rate Forecast (2019-2024)
14.2.5 Europe Redox Flow Battery Sales Volume, Revenue and Growth Rate Forecast (2019-2024)
14.2.6 Japan Redox Flow Battery Sales Volume, Revenue and Growth Rate Forecast (2019-2024)
14.2.7 Southeast Asia Redox Flow Battery Sales Volume, Revenue and Growth Rate Forecast (2019-2024)
14.2.8 India Redox Flow Battery Sales Volume, Revenue and Growth Rate Forecast (2019-2024)
14.3 Global Redox Flow Battery Sales Volume, Revenue and Price Forecast by Type (2019-2024)
14.3.1 Global Redox Flow Battery Sales Forecast by Type (2019-2024)
14.3.2 Global Redox Flow Battery Revenue Forecast by Type (2019-2024)
14.3.3 Global Redox Flow Battery Price Forecast by Type (2019-2024)
14.4 Global Redox Flow Battery Sales Volume Forecast by Application (2019-2024)
15 Research Findings and Conclusion
16 Appendix
16.1 Methodology/Research Approach
16.1.1 Research Programs/Design
16.1.2 Market Size Estimation
16.1.3 Market Breakdown and Data Triangulation
16.2 Data Source
16.2.1 Secondary Sources
16.2.2 Primary Sources
16.3 Disclaimer
Request Discount 
Inquire Before Buy
