Global Redox Flow Battery Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023-2030 - (By Type Coverage, By Application Coverage, By Geographic Coverage and By Company)
Published Date: Aug 2023 |
Format:
| No. of Pages: 220
Industry: Energy & Natural Resources | Author Name: Harshad
The report indicates the redox flow battery market will possibly exhibit revenue expansion at around 15% CAGR over 2023 - 2030, reaching an estimated valuation of US$700 Mn by 2030-end.
Increasing financial support for renewable energy sources, and growing deployments of remote telecommunication towers primarily drive revenue to the flow battery market.
The hybrid redox flow battery segment retains lead in the market, by type. Based on application, the utility services category registers the maximum revenue contribution to the overall market valuation.
Asia Pacific leads the pack while North America's redox flow battery market is set for the strongest growth until 2030-end.
Avalon Battery Corporation, StorEn Technologies Inc., HydraRedox, Vionx Energy, H2, Storion Energy, Inc., Sumitomo Electric Industries, Ltd., and Le System Co., Ltd. constitute some of the key players in the redox flow battery market space.
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