NEW YORK, (GLOBE NEWSWIRE) – Data Bridge Market research has recently published a study titled ‘Flow Battery Market Research Report.’ In this report, the objective of report is to provide a detailed analysis of industry and its impact based on applications and on different geographical regions, strategically analyses the growth trends, future prospects. The report provides specific and up to date information about the consumer’s demands, preferences, ideas and their varying liking about particular product. The market research report is a resource, which provides current as well as upcoming technical and financial details of the industry to 2027. Flow Battery Market report helps to plan about the advertising and sales promotion strategy more successfully and also helps in taking sound decisions. As per study key players of this market are Primus Power, Lockheed Martin, Redflow Limited, Elestor., JenaBatteries GmbH, Volterion, VoltStorage GmbH, H2 Inc., nanoFlowcell AG, Pu Neng Century Technology Co., Ltd., Kemwatt and among others.
Global Flow Battery Market is expected to reach USD 1038.3 Million by 2025, from USD 190.87 Million in 2017 growing at a CAGR of 35.7 % during the forecast period to 2026.
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The well-established Key players in the market are: Lockheed, ViZn Energy Systems, UniEnergy Technologies., Sumitomo Electric Industries Ltd, redT energy plc, GILDEMEISTER energy solutions., ESS Inc, Primus Power, Lockheed Martin, Redflow Limited, Elestor., JenaBatteries GmbH, Volterion, VoltStorage GmbH, H2 Inc., nanoFlowcell AG, Pu Neng Century Technology Co., Ltd., Kemwatt and among others.
Market Drivers and Restraints:
Inherent advantages of flow battery
Growing investment in renewable energy
High demand from utilities sector
Growth in telecommunications tower installations
High construction cost of flow batteries.
The global flow battery market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Flow battery market for global, Europe, North America, Asia pacific and South America.
Unique structure of the report
Flow Battery Market Trends | Industry Segment by Type (Redox, Hybrid), By Material (Vanadium, Zinc–Bromine), By Storage (Compact, Large Scale), By Application (Utilities, Commercial & Industrial, Military, EV Charging Station), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast
What ideas and concepts are covered in the report?
– The assessments accounted by all the zones and the market share registered by each region is mentioned in the report.
– The study sums up the product consumption growth rate in the applicable regions along with their consumption market share.
– Data regarding the Flow Battery Market consumption rate of all the provinces, based on applicable regions and the product types is inculcated in the report.
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At the Last, Flow Battery Market industry report focuses on data sources, viz. primary and secondary sources, market breakdown and data triangulation, market size estimation, research programs, and design, research approach and methodology, and the publisher’s disclaimer.
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