Global Flow Batteries Market Trajectory & Analytics 2020-2027: Market to Gain from Novel Research Programs and Technology Improvements - ResearchAndMarkets.com
Amid the COVID-19 crisis, the global market for Flow Batteries estimated at US$296.5 Million in the year 2020, is projected to reach a revised size of US$1.9 Billion by 2027, growing at a CAGR of 29.9% over the period 2020-2027.
Redox, one of the segments analyzed in the report, is projected to record 30.4% CAGR and reach US$1.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hybrid segment is readjusted to a revised 27.7% CAGR for the next 7-year period.
The U. S. Market is Estimated at $89.1 Million, While China is Forecast to Grow at 29% CAGR
The Flow Batteries market in the U. S. is estimated at US$89.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$316.2 Million by the year 2027 trailing a CAGR of 29% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 27% and 25.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 21% CAGR.
The report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
Elestor BV
EnSync Energy Systems, Inc.
ESS, Inc.
GILDEMEISTER Energy Solutions GmbH
H2 Inc.
JenaBatteries GmbH
Kemwatt
Lockheed Martin Corporation
nanoFlowcell AG
Primus Power
Redflow Ltd.
RedT Energy PLC
Sumitomo Electric Industries Ltd.
UniEnergy Technologies LLC (UET)
ViZn Energy Systems, Inc.
Volterion GmbH
VoltStorage GmbH
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Flow Battery: An Introductory Prelude
Escalating Energy Demand and Rising Importance of Clean Energy Widen Opportunities for Flow Batteries
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