The global Iron Flow Battery market was valued at 23.9 Million USD in 2021 and will grow with a CAGR of 22.62% from 2021 to 2027, based on Research newly published report.
The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
A flow battery, or redox flow battery (after reduction-oxidation), is a type of electrochemical cell where chemical energy is provided by two chemical components dissolved in liquids contained within the system and separated by a membrane. Ion exchange (accompanied by flow of electric current) occurs through the membrane while both liquids circulate in their own respective space. Cell voltage is chemically determined by the Nernst equation and ranges, in practical applications, from 1.0 to 2.2 volts. Iron Flow Battery is a type of flow battery, its anode is made of iron matericals, cathode is made of ferro-ferricyanide aqueous couple or ferric chloride solution etc. North America is the largest consumption place, with a consumption market share about 50% in 2019. Following North America, Asia-Pacific is the second largest consumption place with the more than 20% consumption market share. ESS Inc and Electric Fuel Energy (EFE) are industry leaders. The classification of Iron Flow Battery includes All Iron-based Flow Battery and Iron Hybrid Flow Battery. The proportion of All Iron-based Flow Battery in 2019 is about 85%. Iron Flow Battery is widely used for Utility Facilities, Renewable Energy Storage and Others. The most proportion of Iron Flow Battery is used for Utility Facilities, and the proportion in 2019 is over 1/2 market shares.
By Market Verdors:
Electric Fuel Energy (EFE
All Iron-based Flow Battery
Iron Hybrid Flow Battery
Renewable Energy Storage
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
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