DUBLIN, Feb. 24, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/7fphkq/global_flow) 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.
- 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?
- Primus Power
- Prudent Energy
- Aquion Energy
- EnSync Energy Systems
- Sumitomo Electric
- UniEnergy Technologies
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
For more information visit http://www.researchandmarkets.com/research/7fphkq/global_flow
Research and Markets
Laura Wood, Senior Manager
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