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The Global Redox Flow Battery market is expected to reach $456.06 million by 2026 growing at a CAGR of 17.2% from 2019 to 2026. A redox flow battery is an electrochemical storage device that helps to change chemical energy to electrical energy. In a redox flow battery energy is stored in the liquid electrolyte solutions, which flows through a battery of electrochemical cells mainly used in charge and discharge. These batteries operate at room temperature and there are lesser chances of ignition or explosion. Factors such as increasing investment in renewable energy, rise in telecommunications tower installations, and high demand from the utility sector are driving the growth of the market. However, the high construction cost of flow batteries and lack of proper standards for the development of the flow battery system is hampering the market growth. Based on the storage, the large scale segment is expected to grow at a significant market share during the forecast period as the use of large-scale flow batteries is much more common as most manufacturers are focusing on offering high capacity flow batteries for many applications. Also, at present, large-scale flow batteries are commonly used in various projects and for several applications worldwide. The key vendors mentioned are Vizn Energy Systems, Ensync Energy Systems, Unienergy Technologies, Sumitomo Electric, Vionx Energy, Schmid, redt energy, Redflow, Primus Power, HydraRedox, Gildemeister Energy Solutions, ESS Inc, Storion Energy, Dalian Rongke Power Co., Ltd., and Avalon Battery Corporation. Storages Covered: • Large Scale • Compact Types Covered: • Zinc-Iron • Zinc-Bromide • Vanadium • Hybrid Power Ranges Covered: • Up to 50 MW • 50MW -100MW • More than 100 MW Applications Covered: • Wind • Utility Services • Renewable Energy Integration • Telecommunications • Station • Residential • Off-Grid Solutions • Military • Electric Vehicle Charging • Commercial & Industrial • Uninterruptible Power Supply (UPS) • Solar Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2018 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Redox Flow Battery Market, By Storage
5.1 Introduction
5.2 Large Scale
5.3 Compact
6 Global Redox Flow Battery Market, By Type
6.1 Introduction
6.2 Zinc-Iron
6.3 Zinc-Bromide
6.4 Vanadium
6.5 Hybrid
7 Global Redox Flow Battery Market, By Power Range
7.1 Introduction
7.2 Up to 50 MW
7.3 50MW -100MW
7.4 More than 100 MW
8 Global Redox Flow Battery Market, By Application
8.1 Introduction
8.2 Wind
8.3 Utility Services
8.4 Renewable Energy Integration
8.5 Telecommunications
8.6 Station
8.7 Residential
8.8 Off-Grid Solutions
8.9 Military
8.10 Electric Vehicle Charging
8.11 Commercial & Industrial
8.12 Uninterruptible Power Supply (UPS)
8.13 Solar
9 Global Redox Flow Battery Market, By Geography
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 Middle East & Africa
10 Strategic Benchmarking
11 Vendors Landscape
11.1 Vizn Energy Systems
11.2 Ensync Energy Systems
11.3 Unienergy Technologies
11.4 Sumitomo Electric
11.5 Vionx Energy
11.6 Schmid
11.7 redt energy
11.8 Redflow
11.9 Primus Power
11.10 HydraRedox
11.11 Gildemeister Energy Solutions
11.12 ESS Inc
11.13 Storion Energy
11.14 Dalian Rongke Power Co., Ltd.
11.15 Avalon Battery Corporation
List of Data Tables
Table 1 Global Redox Flow Battery Market Outlook, By Region (2018-2026) ($MN)
Table 2 Global Redox Flow Battery Market Outlook, By Storage (2018-2026) ($MN)
Table 3 Global Redox Flow Battery Market Outlook, By Large Scale (2018-2026) ($MN)
Table 4 Global Redox Flow Battery Market Outlook, By Compact (2018-2026) ($MN)
Table 5 Global Redox Flow Battery Market Outlook, By Type (2018-2026) ($MN)
Table 6 Global Redox Flow Battery Market Outlook, By Zinc-Iron (2018-2026) ($MN)
Table 7 Global Redox Flow Battery Market Outlook, By Zinc-Bromide (2018-2026) ($MN)
Table 8 Global Redox Flow Battery Market Outlook, By Vanadium (2018-2026) ($MN)
Table 9 Global Redox Flow Battery Market Outlook, By Hybrid (2018-2026) ($MN)
Table 10 Global Redox Flow Battery Market Outlook, By Power Range (2018-2026) ($MN)
Table 11 Global Redox Flow Battery Market Outlook, By Up to 50 MW (2018-2026) ($MN)
Table 12 Global Redox Flow Battery Market Outlook, By 50MW -100MW (2018-2026) ($MN)
Table 13 Global Redox Flow Battery Market Outlook, By More than 100 MW (2018-2026) ($MN)
Table 14 Global Redox Flow Battery Market Outlook, By Application (2018-2026) ($MN)
Table 15 Global Redox Flow Battery Market Outlook, By Wind (2018-2026) ($MN)
Table 16 Global Redox Flow Battery Market Outlook, By Utility Services (2018-2026) ($MN)
Table 17 Global Redox Flow Battery Market Outlook, By Renewable Energy Integration (2018-2026) ($MN)
Table 18 Global Redox Flow Battery Market Outlook, By Telecommunications (2018-2026) ($MN)
Table 19 Global Redox Flow Battery Market Outlook, By Station (2018-2026) ($MN)
Table 20 Global Redox Flow Battery Market Outlook, By Residential (2018-2026) ($MN)
Table 21 Global Redox Flow Battery Market Outlook, By Off-Grid Solutions (2018-2026) ($MN)
Table 22 Global Redox Flow Battery Market Outlook, By Military (2018-2026) ($MN)
Table 23 Global Redox Flow Battery Market Outlook, By Electric Vehicle Charging (2018-2026) ($MN)
Table 24 Global Redox Flow Battery Market Outlook, By Commercial & Industrial (2018-2026) ($MN)
Table 25 Global Redox Flow Battery Market Outlook, By Uninterruptible Power Supply (UPS) (2018-2026) ($MN)
Table 26 Global Redox Flow Battery Market Outlook, By Solar (2018-2026) ($MN)
Table 27 North America Redox Flow Battery Market Outlook, By Storage (2018-2026) ($MN)
Table 28 North America Redox Flow Battery Market Outlook, By Type (2018-2026) ($MN)
Table 29 North America Redox Flow Battery Market Outlook, By Power Range (2018-2026) ($MN)
Table 30 North America Redox Flow Battery Market Outlook, By Application (2018-2026) ($MN)
Table 31 Europe Redox Flow Battery Market Outlook, By Storage (2018-2026) ($MN)
Table 32 Europe Redox Flow Battery Market Outlook, By Type (2018-2026) ($MN)
Table 33 Europe Redox Flow Battery Market Outlook, By Power Range (2018-2026) ($MN)
Table 34 Europe Redox Flow Battery Market Outlook, By Application (2018-2026) ($MN)
Table 35 Asia Pacific Redox Flow Battery Market Outlook, By Storage (2018-2026) ($MN)
Table 36 Asia Pacific Redox Flow Battery Market Outlook, By Type (2018-2026) ($MN)
Table 37 Asia Pacific Redox Flow Battery Market Outlook, By Power Range (2018-2026) ($MN)
Table 38 Asia Pacific Redox Flow Battery Market Outlook, By Application (2018-2026) ($MN)
Table 39 South America Redox Flow Battery Market Outlook, By Storage (2018-2026) ($MN)
Table 40 South America Redox Flow Battery Market Outlook, By Type (2018-2026) ($MN)
Table 41 South America Redox Flow Battery Market Outlook, By Power Range (2018-2026) ($MN)
Table 42 South America Redox Flow Battery Market Outlook, By Application (2018-2026) ($MN)
Table 43 Middle East & Africa Redox Flow Battery Market Outlook, By Storage (2018-2026) ($MN)
Table 44 Middle East & Africa Redox Flow Battery Market Outlook, By Type (2018-2026) ($MN)
Table 45 Middle East & Africa Redox Flow Battery Market Outlook, By Power Range (2018-2026) ($MN)
Table 46 Middle East & Africa Redox Flow Battery Market Outlook, By Application (2018-2026) ($MN)