Batteries refer to the devices used to store energy, which can be utilized later at times of blackouts, power shortages, or when the demand for electricity is high. Batteries are divided into lead-acid, lithium, or nickel-based.
A battery plate grid enhances the life and performance of a battery. The network composition is a balance among the electrolyte’s specific gravity, the active material used, and lead concentration. Batteries are used in automobiles, electronics, golf carts, and forklifts, among others. Lithium-ion (Li-ion) and lead-acid batteries are most extensively utilized in automotive and motive industries.
Technavio’s analysts forecast the global flow battery market to grow at a CAGR of 3.38% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global flow battery market for 2017-2021. To calculate the market size, the report considers the cumulative installations of telecom towers worldwide.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Flow Battery Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Primus Power • redT energy • UniEnergy Technologies • VanadiumCorp Resource • Vionx Energy
Other prominent vendors • ACME • Amara Raja Power Systems • Coslight Group • EaglePicher Technologies • Eaton • EverExceed • EXIDE INDUSTRIES • GS Battery (USA) • HBL Power Systems • Hitachi Chemical (previously FIAMM Energy Technology) • Hitachi Chemical Energy Technology • HOPPECKE • KPS Capital Partners (previously C&D TECHNOLOGIES) • LG Chem • NED Energy • NorthStar • Panasonic • SAMSUNG SDI • Schneider Electric • Shandong Sacred Sun Power Sources • Trojan Battery • Victron Energy
Market driver • Rise of green telecom towers • For a full, detailed list, view our report
Market challenge • Lead pollution and stringent laws • For a full, detailed list, view our report
Market trend • Declining Li-ion battery prices • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2021 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?
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