TABLE OF CONTENTS
1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 DEFINITION 13
1.3 SCOPE OF THE STUDY 14
1.3.1 GEOGRAPHIC SCOPE 15
1.3.2 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 16
1.5 LIMITATIONS 16
1.6 STAKEHOLDERS 16
2 RESEARCH METHODOLOGY 17
2.1 RESEARCH DATA 17
2.2 SECONDARY AND PRIMARY RESEARCH 19
2.2.1 SECONDARY DATA 20
2.2.1.1 Secondary sources 20
2.2.2 PRIMARY DATA 21
2.2.2.1 Primary sources 21
2.2.2.2 Key industry insights 22
2.2.2.3 Breakdown of primaries 22
2.3 MARKET SIZE ESTIMATION 22
2.3.1 BOTTOM-UP APPROACH 23
2.3.1.1 Approach for arriving at the market share by bottom-up approach (demand side) 23
2.3.2 TOP-DOWN APPROACH 24
2.3.2.1 Approach for arriving at the market share by top-down analysis (supply side) 24
2.4 DATA TRIANGULATION 25
2.5 ASSUMPTIONS 26
3 EXECUTIVE SUMMARY 27
4 PREMIUM INSIGHTS 33
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE FLOW BATTERY MARKET 33
4.2 FLOW BATTERY MARKET, BY MATERIAL 34
4.3 FLOW BATTERY MARKET IN NORTH AMERICA, BY COUNTRY AND APPLICATION 34
4.4 FLOW BATTERY MARKET, BY TYPE 35
4.5 FLOW BATTERY MARKET, BY REGION, 2018 35
5 MARKET OVERVIEW 36
5.1 INTRODUCTION 36
5.2 MARKET DYNAMICS 36
5.2.1 DRIVERS 37
5.2.1.1 Inherent advantages of flow battery 37
5.2.1.2 Increasing investment in renewable energy 37
5.2.1.3 High demand from utilities sector 38
5.2.1.4 Rise in telecommunications tower installations 39
5.2.2 RESTRAINTS 39
5.2.2.1 High construction cost of flow batteries 39
5.2.2.2 Technical hindrance restraining the market 40
5.2.2.3 Lack of proper standards for development of flow battery system 40
5.2.3 OPPORTUNITIES 40
5.2.3.1 Large storage requirements in data centers 40
5.2.3.2 Growing penetration in residential applications 40
5.2.3.3 Technological innovations with improved capabilities 41
5.2.4 CHALLENGES 41
5.2.4.1 High competition from conventional battery technologies 41
5.3 VALUE CHAIN ANALYSIS 42
5.4 FLOW BATTERY PROJECTS 44
6 FLOW BATTERY MARKET, BY TYPE 52
6.1 INTRODUCTION 53
6.2 REDOX FLOW BATTERY 54
6.3 HYBRID FLOW BATTERY 56
7 FLOW BATTERY MARKET, BY MATERIAL 57
7.1 INTRODUCTION 58
7.2 VANADIUM 60
7.3 ZINC–BROMINE 60
7.4 OTHERS 61
8 FLOW BATTERY MARKET, BY STORAGE 62
8.1 INTRODUCTION 63
8.2 COMPACT 65
8.3 LARGE SCALE 66
9 FLOW BATTERY MARKET, BY APPLICATION 67
9.1 INTRODUCTION 68
9.2 UTILITIES 70
9.3 COMMERCIAL AND INDUSTRIAL 75
9.4 MILITARY 79
9.5 EV CHARGING STATION 83
9.6 OTHERS 87
10 GEOGRAPHIC ANALYSIS 92
10.1 INTRODUCTION 93
10.2 NORTH AMERICA 95
10.2.1 US 98
10.2.2 CANADA 99
10.2.3 MEXICO 101
10.3 EUROPE 101
10.3.1 GERMANY 104
10.3.2 UK 105
10.3.3 FRANCE 107
10.3.4 REST OF EUROPE 107
10.4 APAC 108
10.4.1 CHINA 111
10.4.2 JAPAN 112
10.4.3 INDIA 114
10.4.4 AUSTRALIA 115
10.4.5 REST OF APAC 116
10.5 ROW 117
10.5.1 MIDDLE EAST 118
10.5.2 SOUTH AMERICA 119
10.5.3 AFRICA 120
11 COMPETITIVE LANDSCAPE 122
11.1 OVERVIEW 122
11.2 MARKET RANKING ANALYSIS, 2017 123
11.3 COMPETITIVE SITUATION AND TRENDS 124
11.3.1 CONTRACTS, COLLABORATIONS, AND AGREEMENTS 125
11.3.2 PRODUCT LAUNCHES AND DEVELOPMENTS 125
11.3.3 PARTNERSHIP AND EXPANSION 126
12 COMPANY PROFILES 127
(Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
12.1 KEY PLAYERS 127
12.1.1 GILDEMEISTER ENERGY SOLUTIONS 127
12.1.2 REDT ENERGY 130
12.1.3 SUMITOMO ELECTRIC 133
12.1.4 UNIENERGY TECHNOLOGIES 136
12.1.5 VIZN ENERGY SYSTEMS 138
12.1.6 ENSYNC ENERGY SYSTEMS 140
12.1.7 ESS INC. 142
12.1.8 PRIMUS POWER 143
12.1.9 REDFLOW 145
12.1.10 SCHMID 147
12.1.11 VIONX ENERGY 149
12.2 OTHER COMPANIES 151
12.2.1 ELESTOR 151
12.2.2 JENABATTERIES 151
12.2.3 VOLTERION 152
12.2.4 VOLTSTORAGE 152
12.2.5 LOCKHEED MARTIN 153
12.2.6 H2 INC. 153
12.2.7 PU NENG ENERGY 154
12.2.8 KEMWATT 154
12.2.9 NANOFLOWCELL 155
*Details on Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
13 APPENDIX 156
13.1 INSIGHTS OF INDUSTRY EXPERTS 156
13.2 DISCUSSION GUIDE 157
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 160
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 162
13.5 AVAILABLE CUSTOMIZATIONS 164
13.6 RELATED REPORTS 164
13.7 AUTHOR DETAILS 165
TABLE 1 FLOW BATTERY MARKET, BY TYPE, 2015–2023 (USD MILLION) 54
TABLE 2 REDOX FLOW BATTERY MARKET, BY MATERIAL, 2015–2023 (USD MILLION) 55
TABLE 3 HYBRID FLOW BATTERY MARKET, BY MATERIAL, 2015–2023 (USD MILLION) 56
TABLE 4 FLOW BATTERY MARKET, BY MATERIAL, 2015–2023 (USD MILLION) 59
TABLE 5 FLOW BATTERY MARKET, BY STORAGE, 2015–2023 (USD MILLION) 64
TABLE 6 COMPACT FLOW BATTERY MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 65
TABLE 7 LARGER-SCALE FLOW BATTERY MARKET, BY APPLICATION,
2015–2023 (USD MILLION) 66
TABLE 8 FLOW BATTERY MARKET, BY APPLICATION, 2015–2023 (USD MILLION) 69
TABLE 9 FLOW BATTERY MARKET, BY UTILITIES APPLICATION 2015–2023 (USD MILLION) 70
TABLE 10 FLOW BATTERY MARKET FOR UTILITIES APPLICATION, BY STORAGE,
2015–2023 (USD MILLION) 71
TABLE 11 FLOW BATTERY MARKET FOR UTILITIES APPLICATION, BY REGION,
2015–2023 (USD MILLION) 72
TABLE 12 FLOW BATTERY MARKET FOR UTILITIES APPLICATION IN NORTH AMERICA,
BY COUNTRY, 2015–2023 (USD MILLION) 72
TABLE 13 FLOW BATTERY MARKET FOR UTILITIES APPLICATION IN EUROPE, BY COUNTRY, 2015–2023 (USD MILLION) 73
TABLE 14 FLOW BATTERY MARKET FOR UTILITIES APPLICATION IN APAC, BY COUNTRY, 2015–2023 (USD MILLION) 74
TABLE 15 FLOW BATTERY MARKET FOR UTILITIES APPLICATION IN ROW, BY REGION,
2015–2023 (USD THOUSAND) 74
TABLE 16 FLOW BATTERY MARKET FOR COMMERCIAL AND INDUSTRIAL APPLICATION,
BY STORAGE, 2015–2023 (USD MILLION) 75
TABLE 17 FLOW BATTERY MARKET FOR COMMERCIAL AND INDUSTRIAL APPLICATION,
BY REGION, 2015–2023 (USD MILLION) 76
TABLE 18 FLOW BATTERY MARKET FOR COMMERCIAL AND INDUSTRIAL APPLICATION IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD MILLION) 77
TABLE 19 FLOW BATTERY MARKET FOR COMMERCIAL AND INDUSTRIAL APPLICATION IN EUROPE, BY COUNTRY, 2015–2023 (USD MILLION) 77
TABLE 20 FLOW BATTERY MARKET FOR COMMERCIAL AND INDUSTRIAL APPLICATION IN APAC, BY COUNTRY, 2015–2023 (USD MILLION) 78
TABLE 21 FLOW BATTERY MARKET FOR COMMERCIAL AND INDUSTRIAL APPLICATION IN ROW, BY REGION, 2015–2023 (USD THOUSAND) 78
TABLE 22 FLOW BATTERY MARKET FOR MILITARY APPLICATION, BY STORAGE,
2015–2023 (USD MILLION) 80
TABLE 23 FLOW BATTERY MARKET FOR MILITARY APPLICATION, BY REGION,
2015–2023 (USD THOUSAND) 80
TABLE 24 FLOW BATTERY MARKET FOR MILITARY APPLICATION IN NORTH AMERICA,
BY COUNTRY, 2015–2023 (USD THOUSAND) 81
TABLE 25 FLOW BATTERY MARKET FOR MILITARY APPLICATION IN EUROPE, BY COUNTRY, 2015–2023 (USD THOUSAND) 82
TABLE 26 FLOW BATTERY MARKET FOR MILITARY APPLICATION IN APAC, BY COUNTRY, 2015–2023 (USD THOUSAND) 82
TABLE 27 FLOW BATTERY MARKET FOR MILITARY APPLICATION IN ROW, BY REGION,
2015–2023 (USD THOUSAND) 83
TABLE 28 FLOW BATTERY MARKET FOR EV CHARGING STATION APPLICATION, BY STORAGE, 2015–2023 (USD MILLION) 83
TABLE 29 FLOW BATTERY MARKET FOR EV CHARGING STATION APPLICATION, BY REGION, 2015–2023 (USD MILLION) 84
TABLE 30 FLOW BATTERY MARKET FOR EV CHARGING STATION APPLICATION IN NORTH AMERICA, BY COUNTRY, 2015–2023 (USD THOUSAND) 85
TABLE 31 FLOW BATTERY MARKET FOR EV CHARGING STATION APPLICATION IN EUROPE,
BY COUNTRY, 2015–2023 (USD MILLION) 85
TABLE 32 FLOW BATTERY MARKET FOR EV CHARGING STATION APPLICATION IN APAC,
BY COUNTRY, 2015–2023 (USD THOUSAND) 86
TABLE 33 FLOW BATTERY MARKET FOR EV CHARGING STATION APPLICATION IN ROW,
BY REGION, 2015–2023 (USD THOUSAND) 86
TABLE 34 FLOW BATTERY MARKET FOR OTHER APPLICATIONS, BY STORAGE,
2015–2023 (USD MILLION) 88
TABLE 35 FLOW BATTERY MARKET FOR OTHER APPLICATIONS, BY REGION,
2015–2023 (USD THOUSAND) 88
TABLE 36 FLOW BATTERY MARKET FOR OTHER APPLICATIONS IN NORTH AMERICA,
BY COUNTRY, 2015–2023 (USD THOUSAND) 89
TABLE 37 FLOW BATTERY MARKET FOR OTHER APPLICATIONS IN EUROPE, BY COUNTRY, 2015–2023 (USD THOUSAND) 89
TABLE 38 FLOW BATTERY MARKET FOR OTHER APPLICATIONS IN APAC, BY COUNTRY,
2015–2023 (USD THOUSAND) 90
TABLE 39 FLOW BATTERY MARKET FOR OTHER APPLICATIONS IN ROW, BY REGION,
2015–2023 (USD THOUSAND) 91
TABLE 40 FLOW BATTERY MARKET, BY REGION, 2015–2023 (USD MILLION) 94
TABLE 41 FLOW BATTERY MARKET IN NORTH AMERICA, BY COUNTRY,
2015–2023 (USD MILLION) 97
TABLE 42 FLOW BATTERY MARKET IN NORTH AMERICA, BY APPLICATION,
2015–2023 (USD MILLION) 98
TABLE 43 FLOW BATTERY MARKET IN THE US, BY APPLICATION, 2015–2023 (USD MILLION) 99
TABLE 44 FLOW BATTERY MARKET IN CANADA, BY APPLICATION,
2015–2023 (USD THOUSAND) 100
TABLE 45 FLOW BATTERY MARKET IN MEXICO, BY APPLICATION,
2015–2023 (USD THOUSAND) 101
TABLE 46 FLOW BATTERY MARKET IN EUROPE, BY COUNTRY, 2015–2023 (USD MILLION) 103
TABLE 47 FLOW BATTERY MARKET IN EUROPE, BY APPLICATION, 2015–2023 (USD MILLION) 104
TABLE 48 FLOW BATTERY MARKET IN GERMANY, BY APPLICATION,
2015–2023 (USD MILLION) 105
TABLE 49 FLOW BATTERY MARKET IN THE UK, BY APPLICATION,
2015–2023 (USD THOUSAND) 106
TABLE 50 FLOW BATTERY MARKET IN FRANCE, BY APPLICATION,
2015–2023 (USD THOUSAND) 107
TABLE 51 FLOW BATTERY MARKET IN REST OF EUROPE, BY APPLICATION,
2015–2023 (USD THOUSAND) 108
TABLE 52 FLOW BATTERY MARKET IN APAC, BY COUNTRY, 2015–2023 (USD MILLION) 110
TABLE 53 FLOW BATTERY MARKET IN APAC, BY APPLICATION, 2015–2023 (USD MILLION) 111
TABLE 54 FLOW BATTERY MARKET IN CHINA, BY APPLICATION, 2015–2023 (USD MILLION) 112
TABLE 55 FLOW BATTERY MARKET IN JAPAN, BY APPLICATION, 2015–2023 (USD MILLION) 113
TABLE 56 FLOW BATTERY MARKET IN INDIA, BY APPLICATION, 2015–2023 (USD THOUSAND) 114
TABLE 57 FLOW BATTERY MARKET IN AUSTRALIA, BY APPLICATION,
2015–2023 (USD THOUSAND) 115
TABLE 58 FLOW BATTERY MARKET IN REST OF APAC, BY APPLICATION,
2015–2023 (USD THOUSAND) 116
TABLE 59 FLOW BATTERY MARKET IN ROW, BY REGION, 2015–2023 (USD MILLION) 117
TABLE 60 FLOW BATTERY MARKET IN ROW, BY APPLICATION, 2015–2023 (USD THOUSAND) 118
TABLE 61 FLOW BATTERY MARKET IN THE MIDDLE EAST, BY APPLICATION,
2015–2023 (USD THOUSAND) 118
TABLE 62 FLOW BATTERY MARKET IN SOUTH AMERICA, BY APPLICATION,
2015–2023 (USD THOUSAND) 120
TABLE 63 FLOW BATTERY MARKET IN REST OF APAC, BY APPLICATION,
2015–2023 (USD THOUSAND) 120
TABLE 64 FLOW BATTERY MARKET: RANKING ANALYSIS (2017) 123
LIST OF FIGURES
FIGURE 1 RESEARCH DESIGN 17
FIGURE 2 BOTTOM-UP APPROACH 23
FIGURE 3 TOP-DOWN APPROACH 24
FIGURE 4 DATA TRIANGULATION 25
FIGURE 5 SNAPSHOT OF FLOW BATTERY MARKET: REDOX FLOW BATTERY EXPECTED TO HOLD THE LARGEST MARKET SIZE IN 2018 27
FIGURE 6 FLOW BATTERY MARKET FOR ZINC–BROMINE EXPECTED TO GROW AT THE HIGHEST CAGR BETWEEN 2018 AND 2023 28
FIGURE 7 LARGE-SCALE FLOW BATTERY EXPECTED TO DOMINATE THE FLOW BATTERY MARKET DURING THE FORECAST PERIOD 29
FIGURE 8 FLOW BATTERY MARKET FOR UTILITIES APPLICATION EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 30
FIGURE 9 NORTH AMERICA HELD THE LARGEST SHARE OF THE FLOW BATTERY
MARKET IN 2018 31
FIGURE 10 INCREASING INVESTMENT IN RENEWABLE ENERGY TO ATTRACT GROWTH OPPORTUNITIES IN THE FLOW BATTERY MARKET 33
FIGURE 11 FLOW BATTERY MARKET FOR ZINC-BROMINE MATERIAL EXPECTED TO GROW AT THE HIGHEST CAGR DURING THE FORECAST PERIOD 34
FIGURE 12 NORTH AMERICA EXPECTED TO HOLD THE LARGEST SHARE OF THE FLOW BATTERY MARKET IN 2023 34
FIGURE 13 HYBRID FLOW BATTERY MARKET EXPECTED TO GROW AT A HIGHER RATE DURING THE FORECAST PERIOD (2018–2023) 35
FIGURE 14 US EXPECTED TO HOLD THE LARGEST SHARE OF THE FLOW BATTERY
MARKET IN 2018 35
FIGURE 15 INHERENT ADVANTAGES DRIVE THE GROWTH OF THE FLOW BATTERY MARKET 36
FIGURE 16 GLOBAL INVESTMENT IN RENEWABLE ENERGY SOURCES,
2004–2016 (USD BILLION) 38
FIGURE 17 NUMBER OF GRID-SCALE BATTERY PROJECTS IN THE US, 2015 41
FIGURE 18 FLOW BATTERY MARKET: A MAJOR VALUE ADDED BY MANUFACTURERS AND COMPONENT PROVIDERS 43
FIGURE 19 FLOW BATTERY MARKET, BY TYPE 53
FIGURE 20 HYBRID FLOW BATTERY MARKET EXPECTED TO GROW AT A HIGHER CAGR BETWEEN 2018 AND 2023 53
FIGURE 21 VANADIUM EXPECTED TO DOMINATE THE REDOX FLOW BATTERY MARKET BETWEEN 2018 AND 2023 55
FIGURE 22 FLOW BATTERY MARKET, BY MATERIAL 58
FIGURE 23 FLOW BATTERY MARKET FOR ZINC–BROMINE EXPECTED TO GROW AT THE HIGHEST CAGR BETWEEN 2018 AND 2023 59
FIGURE 24 FLOW BATTERY MARKET, BY STORAGE 63
FIGURE 25 LARGE-SCALE FLOW BATTERY EXPECTED TO DOMINATE THE FLOW BATTERY MARKET BETWEEN 2018 AND 2023 63
FIGURE 26 COMMERCIAL AND INDUSTRIAL APPLICATION EXPECTED TO HOLD THE LARGEST SIZE OF THE COMPACT FLOW BATTERY MARKET BETWEEN 2018 AND 2023 65
FIGURE 27 FLOW BATTERY MARKET, BY APPLICATION 68
FIGURE 28 UTILITIES APPLICATION EXPECTED TO DOMINATE THE FLOW BATTERY MARKET BETWEEN 2018 AND 2023 69
FIGURE 29 LARGE-SCALE FLOW BATTERY EXPECTED TO DOMINATE THE FLOW BATTERY MARKET FOR UTILITIES APPLICATION DURING THE FORECAST PERIOD 71
FIGURE 30 FLOW BATTERY MARKET IN INDIA EXPECTED TO GROW AT THE HIGHEST RATE BETWEEN 2018 AND 2023 73
FIGURE 31 NORTH AMERICA TO DOMINATE THE FLOW BATTERY MARKET FOR COMMERCIAL AND INDUSTRIAL APPLICATION DURING THE FORECAST PERIOD 76
FIGURE 32 LARGE-SCALE FLOW BATTERY EXPECTED TO DOMINATE THE FLOW BATTERY MARKET FOR MILITARY APPLICATION DURING THE FORECAST PERIOD 79
FIGURE 33 GERMANY EXPECTED TO DOMINATE THE FLOW BATTERY MARKET BETWEEN 2019 AND 2023 81
FIGURE 34 US TO DOMINATE THE FLOW BATTERY MARKET FOR EV CHARGING STATION APPLICATION DURING THE FORECAST PERIOD 84
FIGURE 35 LARGE-SCALE FLOW BATTERY EXPECTED TO DOMINATE THE FLOW BATTERY MARKET FOR OTHER APPLICATIONS DURING THE FORECAST PERIOD 87
FIGURE 36 AUSTRALIA EXPECTED TO HOLD THE LARGEST MARKET SIZE FOR OTHER APPLICATIONS DURING THE FORECAST PERIOD 90
FIGURE 37 GEOGRAPHIC SNAPSHOT: CHINESE AND INDIAN MARKETS EXPECTED TO GROW AT A SIGNIFICANT CAGR DURING THE FORECAST PERIOD 93
FIGURE 38 NORTH AMERICA HELD THE LARGEST SHARE OF THE FLOW BATTERY
MARKET IN 2017 95
FIGURE 39 MARKET SNAPSHOT: NORTH AMERICA 96
FIGURE 40 FLOW BATTERY MARKET IN CANADA EXPECTED TO GROW AT THE HIGHEST CAGR BETWEEN 2018 AND 2023 97
FIGURE 41 UTILITY APPLICATION EXPECTED TO DOMINATE THE FLOW BATTERY MARKET IN CANADA BETWEEN 2019 AND 2023 100
FIGURE 42 MARKET SNAPSHOT: EUROPE 102
FIGURE 43 FLOW BATTERY MARKET IN FRANCE EXPECTED TO GROW AT THE HIGHEST CAGR BETWEEN 2018 AND 2023 103
FIGURE 44 UTILITIES APPLICATION EXPECTED TO DOMINATE THE FLOW BATTERY MARKET IN THE UK BETWEEN 2019 AND 2023 106
FIGURE 45 MARKET SNAPSHOT: APAC 109
FIGURE 46 FLOW BATTERY MARKET IN INDIA EXPECTED TO GROW AT THE HIGHEST CAGR BETWEEN 2018 AND 2023 110
FIGURE 47 UTILITIES APPLICATION EXPECTED TO HOLD THE LARGEST SIZE OF FLOW BATTERY MARKET IN JAPAN BETWEEN 2019 AND 2023 113
FIGURE 48 AFRICA EXPECTED TO DOMINATE FLOW BATTERY MARKET IN ROW BETWEEN 2019 AND 2023 117
FIGURE 49 FLOW BATTERY MARKET FOR COMMERCIAL AND INDUSTRIAL APPLICATION EXPECTED TO GROW AT THE HIGHEST CAGR BETWEEN 2019 AND 2023 119
FIGURE 50 COMPANIES ADOPTED CONTRACTS AND COLLABORATIONS AS KEY GROWTH STRATEGIES BETWEEN 2015 AND DECEMBER 2017 122
FIGURE 51 MARKET EVALUATION FRAMEWORK 124
FIGURE 52 REDT ENERGY: COMPANY SNAPSHOT 130
FIGURE 53 SUMITOMO ELECTRIC: COMPANY SNAPSHOT 133
FIGURE 54 ENSYNC ENERGY SYSTEMS: COMPANY SNAPSHOT 140
FIGURE 55 REDFLOW: COMPANY SNAPSHOT 145
【レポートのキーワード】
フロー電池、レドックスフロー電池、ハイブリッド型フロー電池、バナジウム、亜鉛−臭素
