Global Flow Battery Market CAGR Growth of 9.4% by 2020 - Analysis, Trends & Opportunities Report 2016-2020 - Key Vendors: Prudent Energy, Aquion Energy, EnSync Energy Systems

Feb 24, 2016, 11:10 ET from Research and Markets

DUBLIN, Feb. 24, 2016 /PRNewswire/ --

Research and Markets ( has announced the addition of the "Global Flow Battery Market 2016-2020" report to their offering.

The global flow battery market is forecast to grow at a CAGR of 9.4% during the 2016-2020 period.

Commenting on the report, an analyst from the research team said: Increased use of flow battery in electric vehicles is the major trend in the market. The flow batteries can offer better performance because of their multi-channeled cathode design and the higher solubility limit of active materials. Flow batteries also offer long life span and need not be replaced every 5-10 year like lithium ion battery. Also, the efficiency of the battery remains same even with extensive use because of replacement of solution (electrolyte) in a storage tank during the recharge process.

According to the report, the government plays a crucial role in determining the rate of energy storage and energy usage. Governments of various countries such as Japan, the US, India, and South Korea support the use of renewable sources of energy by providing diverse incentives and financing options. With the growth in renewable sources, the need for energy storage is on the rise.

Further, the report states that flow batteries are associated with certain technical challenges, which affect the safety and cost of these batteries.

Questions Answered:

  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the strengths and weaknesses of the key vendors?

Companies Mentioned:

  • EnerVault
  • Imergy
  • Primus Power
  • Prudent Energy
  • Aquion Energy
  • EnSync Energy Systems
  • Redflow
  • Sumitomo Electric
  • UniEnergy Technologies

Report Structure:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Market research methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by battery type

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

PART 15: Appendix

PART 16: About the Author

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SOURCE Research and Markets