Global flow battery market segmentation by battery type and geography
Technavio’s report on the global flow battery market analyses the business dimensions and presents a comprehensive breakdown in terms of market segmentation by battery type, including redox battery and hybrid battery. As projected in 2016, approximately 72% of the market share originated from the redox battery segment. Scalability and
feasibility of integration are important attributes of redox flow batteries, which is because of independent power and energy output as the output depends on the size of fuel cell tank or stack.
Based on geography, the global flow battery market has been segmented into APAC, the Americas, and EMEA. As of 2016, the Americas had a market share of approximately 44%. The flow battery market in the Americas is expected to witness steady growth during the forecast period because of the increasing government support for energy storage
in electrical grids and intensive R&D activities in the battery technology. In the US and Canada, major contributions are expected to come from backup applications of small cell tower installations.
“There is a high tenancy rate for telecom towers in the US telecom sector. This drives the flow battery demand for each operator’s installations. By installing small cell towers,
which can achieve tele density with regular telecom tower installations, the country will overcome issues related to the cost of construction, operation, and maintenance in the telecom sector,” says Thanikachalam Chandrasekaran, a lead analyst at Technavio for energy storage research.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Flow battery market: competitive vendor landscape
There are several vendors present worldwide for the global flow battery market, which is still in its emerging stage. Small and medium enterprises and key players are competing in the market for a higher market share. Competition among players is expected to intensify with the introduction of new technologies and increased investments in
the market. Regional vendors dominate the market in several developing and underdeveloped countries.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Other topics covered in the report:
Increasing concerns for Li-ion battery recycling
Rise in green telecom tower installation
Other energy storage technologies gaining momentum in the market
Declining Lithium-ion battery prices
Increasing shift toward renewable energy
Widening scope of vanadium redox battery use
Get a sample copy of the global flow battery market report free of cost
Access Technavio’s continuously growing energy storage research library and find expert analysis on hundreds of markets.
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage,
extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios..