AMA Research, a global market research and consulting organization, have released a new study titled "Flow Battery market - Global outlook to 2030".
Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Flow Battery market to grow at a CAGR of 32.8%.

The Storage, such as Compact, is boosting the Flow Battery market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Material, such as Vanadium, is boosting the Flow Battery market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

According to Analyst at AMA Research, the Global Flow Battery market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are “Growth in telecommunications tower installations and Increasing investment in renewable energy”.
 

The flow battery is a promising technology for large-scale storage of alternating power generated from solar and wind farms owing to its unique advantages like location independence, scalability and versatility. It is an electrochemical device that converts the chemical energy in the electro-active materials directly to electrical energy, similar to a conventional battery and fuel cells. The widespread commercialization of flow batteries is still stuck by certain technical barriers. The flow battery market is expected to witness a considerable growth in near future due to high demand from utilities sector, rise in telecommunications tower installations

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Flow Battery market by Type (Redox Flow Battery  and Hybrid Flow Battery), by Application (Power, Automotive, Industrial, Residential and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key trends (current and future) of the market