Global High Density Flow Batteries Market

This report estimates the High density flow battery market in terms of revenue ($Millions). This has been broken down into component regions and is further split into countries.

A flow battery is a type of rechargeable battery where rechargeability is provided by two chemical components dissolved in liquids contained within the system and most commonly separated by membrane. This technology is similar to both fuel cell and a battery, liquid energy sources are tapped to create electricity and are recharged within the same system. The advantage of flow batteries is that they can be instantly recharged by replacing the electrolyte liquid, while simultaneously recovering the spent material for re-energization.

Energy density and power density are two of the most important characteristics of an energy storage system. Energy density is limited by the solubility of ions in the electrolyte solutions. Higher capacity systems are thus more efficient in this respect, as the majority of the weight is the electrolyte which directly stores energy. Since capacity is independent of the power-generating component, as in an internal combustion engine and gas tank, it can be increased by simple enlargement of the electrolyte storage tanks. Flow batteries allow for independent scaleup of power and capacity specifications since the chemical species are stored outside the cell. The power each cell generates depends on the current density and voltage.

The methodology has used secondary sources such as encyclopedias, directories, and databases to identify and collect information that was useful for this extensive commercial study of the global high density flow batteries . The primary sources such as experts and suppliers from the industry have all been interviewed to obtain and verify critical information, as well as to assess the future prospects of this market.

The study has profiled leading players of the industry, along with their recent developments and other strategic industry activities. Some of the key companies’ profiles include ABB Ltd. (Switzerland), Eaton Corporation (Ireland), General Electric company (U.S.), Siemens AG (Germany),), Schneider Electric SE (France), and others.

North America leads the market for the high density flow batteries globally with biggest market share and is expected to grow with the highest CAGR among the other regions. This growth is attributed to the growing industrialization and urbanization in the market. There is also a good grid modernization market for the switchgears in the developed regions like Asia-Pacific and Europe.

The report provides a geographical segmentation into various regions such as North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. Moreover, there is an in-depth regional country analysis based on the type and the applications in the market. The country analysis provides the market value based on the revenue and the expenditure in the geographies for the various segments undertaken in the study. This analysis offers market insights based on the voltage applications and end-users of switchgears at country level.