Flow Battery Market by Battery Type (Redox, Hybrid), Material (Vanadium, Zinc Bromine, Organic, Iron), Storage (Large-scale, Small-scale), Application (Utilities, Commercial & Industrial, EV Charging Stations) and Region - Global Forecast to 2028
The global flow battery market size is expected to grow from USD 289 million in 2023 to USD 805 million by 2028, at a CAGR of 22.8 % from 2023 to 2028. The flow battery market’s growth can be attributed to the increasing investments in renewable energy and the benefits provided by the flow batteries over conventional ones, which are fueling their adoption in various applications.
' Hybrid flow battery segment is projected to grow at significant CAGR during the forecast period'
Hybrid flow batteries have an additional advantage over standard flow battery designs. The zinc bromine hybrid battery offers higher energy density than other flow batteries. Also, many manufacturers are adopting hybrid designs for their flow batteries due to the high extraction cost of vanadium material. In recent years, several research programs have been conducted in several countries to explore the potential of hybrid flow batteries and also to build more compact and cheaper systems. Also, in the past few years, some players in the market have commercialized their hybrid batteries for various applications such as utilities, commercial, residential, and others.
'Utilities application is expected to hold the largest share during the forecast period'
With the growing need for higher energy capacity, the need for grid modernization has become essential worldwide. Improved security, reduced peak loads, increased integration of renewables, and lower operational costs are advantages of a modern grid system. Over the years, reliable energy and clean systems have become necessary worldwide. The increasing penetration of renewable energy across the power industry has, in turn, increased the need for efficient, flexible, and long-operating energy storage solutions. With all its attractive features, a flow battery has become the most preferred energy storage technology for utility-based storage, as large-scale utilities require technologies that can cost-effectively store renewable energy for future grid use at any location. Among all the applications, vanadium-based redox flow batteries are the most widely commercialized in the utility sector. The utility sector also holds the highest number of operational flow battery projects globally.
'The market in Asia Pacific is expected to grow at the highest CAGR during the forecast period'
Asia Pacific is expected to grow at the highest rate during the forecast period. Countries such as China, Japan, India, and Australia are striving to boost their large-scale energy storage capacity through adoption of advanced battery technologies that could, in turn, enhance electric stability. The governments of countries like Australia, India, China, and Japan have introduced regulations and reforms and are making initiatives to modernize the power sector. Asia Pacific has a large number of operational flow battery installations with high power ratings. Australia has a large number of flow battery projects for utilities, residential, industrial, and commercial applications. Sumitomo Electric Industries Ltd. (Japan) and Redflow Limited (Australia) are the major industry participants in the Asia Pacific flow battery market.
Breakdown of the profiles of primary participants:
Research Coverage
The flow battery market has been classified by battery type, material, ownership, storage, application, and region. The market has been segmented into redox flow batteries and hybrid flow batteries, by type. Materials have segmented the market into vanadium, zinc-bromine, and others. By ownership, the market has been segmented into customer owned, third-party owned and utility owned. By storage, the segmentation is based on small-scale and large-scale storage. Furthermore, the market application segments include utilities, commercial & industrial, EV charging stations, and other applications. The study also forecasts the market size in four key regions—North America, Europe, Asia Pacific, and RoW.
Key Benefits of Buying the Report:
The report provides insights on the following pointers:
Analysis of key drivers (Benefits of flow batteries over conventional technologies, Increasing investments in renewable energy, High demand for flow batteries in utilities, Surge in telecommunications tower installations), restraints (Requirement of high initial investment, Lack of proper standards for development of flow battery systems), opportunities (Growing demand for backup power in data centers, Growing adoption in residential applications, Increasing R&D practices to improve redox battery technology), and challenges (Presence of affordable alternative energy storage technologies) influencing the growth of the flow battery market
' Hybrid flow battery segment is projected to grow at significant CAGR during the forecast period'
Hybrid flow batteries have an additional advantage over standard flow battery designs. The zinc bromine hybrid battery offers higher energy density than other flow batteries. Also, many manufacturers are adopting hybrid designs for their flow batteries due to the high extraction cost of vanadium material. In recent years, several research programs have been conducted in several countries to explore the potential of hybrid flow batteries and also to build more compact and cheaper systems. Also, in the past few years, some players in the market have commercialized their hybrid batteries for various applications such as utilities, commercial, residential, and others.
'Utilities application is expected to hold the largest share during the forecast period'
With the growing need for higher energy capacity, the need for grid modernization has become essential worldwide. Improved security, reduced peak loads, increased integration of renewables, and lower operational costs are advantages of a modern grid system. Over the years, reliable energy and clean systems have become necessary worldwide. The increasing penetration of renewable energy across the power industry has, in turn, increased the need for efficient, flexible, and long-operating energy storage solutions. With all its attractive features, a flow battery has become the most preferred energy storage technology for utility-based storage, as large-scale utilities require technologies that can cost-effectively store renewable energy for future grid use at any location. Among all the applications, vanadium-based redox flow batteries are the most widely commercialized in the utility sector. The utility sector also holds the highest number of operational flow battery projects globally.
'The market in Asia Pacific is expected to grow at the highest CAGR during the forecast period'
Asia Pacific is expected to grow at the highest rate during the forecast period. Countries such as China, Japan, India, and Australia are striving to boost their large-scale energy storage capacity through adoption of advanced battery technologies that could, in turn, enhance electric stability. The governments of countries like Australia, India, China, and Japan have introduced regulations and reforms and are making initiatives to modernize the power sector. Asia Pacific has a large number of operational flow battery installations with high power ratings. Australia has a large number of flow battery projects for utilities, residential, industrial, and commercial applications. Sumitomo Electric Industries Ltd. (Japan) and Redflow Limited (Australia) are the major industry participants in the Asia Pacific flow battery market.
Breakdown of the profiles of primary participants:
- By Company Type: Tier 1 - 25%, Tier 2 - 30%, and Tier 3 - 45%
- By Designation: C-level Executives - 35%, Directors - 25%, and Others - 40%
- By Region: North America - 35%, Europe - 25%, Asia Pacific - 32%, and RoW – 8%
Research Coverage
The flow battery market has been classified by battery type, material, ownership, storage, application, and region. The market has been segmented into redox flow batteries and hybrid flow batteries, by type. Materials have segmented the market into vanadium, zinc-bromine, and others. By ownership, the market has been segmented into customer owned, third-party owned and utility owned. By storage, the segmentation is based on small-scale and large-scale storage. Furthermore, the market application segments include utilities, commercial & industrial, EV charging stations, and other applications. The study also forecasts the market size in four key regions—North America, Europe, Asia Pacific, and RoW.
Key Benefits of Buying the Report:
The report provides insights on the following pointers:
Analysis of key drivers (Benefits of flow batteries over conventional technologies, Increasing investments in renewable energy, High demand for flow batteries in utilities, Surge in telecommunications tower installations), restraints (Requirement of high initial investment, Lack of proper standards for development of flow battery systems), opportunities (Growing demand for backup power in data centers, Growing adoption in residential applications, Increasing R&D practices to improve redox battery technology), and challenges (Presence of affordable alternative energy storage technologies) influencing the growth of the flow battery market
- Product Development/Innovation: Detailed insights on upcoming products, technologies, research & development activities, funding activities, industry partnerships, and new product launches in the flow battery market
- Market Development: Comprehensive information about lucrative markets – the report analyses the flow battery market across regions such as North America, Europe, Asia Pacific, Middle East & Africa, and South America.
- Market Diversification: Exhaustive information about new products & technologies, untapped geographies, recent developments, and investments in the flow battery market
- Competitive Assessment: In-depth assessment of market ranks, growth strategies, and product offerings of leading players like Sumitomo Electric Industries, Ltd. (Japan), VRB Energy (Canada), Invinity Energy Systems (UK), Largo Inc. (Canada), Enerox GmbH (Austria), Redflow Limited (Australia), among others in the flow battery market
- Strategies: The report also helps stakeholders understand the pulse of the flow battery market and provides information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 FLOW BATTERY MARKET SEGMENTATION
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 GEOGRAPHICAL SCOPE
FIGURE 2 FLOW BATTERY MARKET: REGIONS COVERED
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
FIGURE 3 FLOW BATTERY MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
FIGURE 4 FLOW BATTERY MARKET: RESEARCH APPROACH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to arrive at market size using bottom-up analysis
FIGURE 5 FLOW BATTERY MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to arrive at market size using top-down analysis
FIGURE 6 FLOW BATTERY MARKET: TOP-DOWN APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY FOR FLOW BATTERY MARKET: SUPPLY-SIDE ANALYSIS
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 9 ASSUMPTIONS
2.5 PARAMETERS CONSIDERED TO UNDERSTAND RECESSION IMPACT ON FLOW BATTERY MARKET
2.6 RISK ASSESSMENT
TABLE 1 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 10 FLOW BATTERY MARKET SIZE, 2019–2028 (USD MILLION)
FIGURE 11 REDOX FLOW BATTERIES TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
FIGURE 12 VANADIUM SEGMENT TO HOLD LARGEST SHARE OF FLOW BATTERY MARKET, BY MATERIAL, DURING FORECAST PERIOD
FIGURE 13 LARGE-SCALE FLOW BATTERIES TO DOMINATE MARKET FROM 2023 TO 2028
FIGURE 14 UTILITIES SEGMENT TO LEAD FLOW BATTERY MARKET, BY APPLICATION, THROUGHOUT FORECAST PERIOD
FIGURE 15 NORTH AMERICA HELD LARGEST SHARE OF FLOW BATTERY MARKET IN 2022
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FLOW BATTERY MARKET
FIGURE 16 GROWING ADOPTION OF FLOW BATTERIES IN UTILITIES APPLICATIONS TO DRIVE MARKET FROM 2023 TO 2028
4.2 FLOW BATTERY MARKET, BY BATTERY TYPE
FIGURE 17 REDOX BATTERY TYPE TO LEAD FLOW BATTERY MARKET DURING FORECAST PERIOD
4.3 FLOW BATTERY MARKET, BY APPLICATION
FIGURE 18 UTILITIES APPLICATION TO CAPTURE LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD
4.4 FLOW BATTERY MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY, 2028
FIGURE 19 UTILITIES APPLICATION AND US TO HOLD LARGEST SHARE OF FLOW BATTERY MARKET IN NORTH AMERICA BY 2028
4.5 FLOW BATTERY MARKET, BY COUNTRY
FIGURE 20 FLOW BATTERY MARKET IN CHINA EXPECTED TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 21 FLOW BATTERY MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing preference for flow batteries over conventional batteries
5.2.1.2 Government-led investments in developing renewable energy storage systems
FIGURE 22 GLOBAL INVESTMENTS IN RENEWABLE ENERGY, 2019–2023 (USD BILLION)
5.2.1.3 High adoption of flow batteries in utilities sector
5.2.1.4 Increasing installations of telecom towers
FIGURE 23 IMPACT OF DRIVERS ON GLOBAL FLOW BATTERY MARKET
5.2.2 RESTRAINTS
5.2.2.1 Need for substantial upfront investment
5.2.2.2 Lack of calibration standards
FIGURE 24 IMPACT OF RESTRAINTS ON GLOBAL FLOW BATTERY MARKET
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing importance of backup power systems in data centers
5.2.3.2 Rising adoption of flow batteries in residential applications
5.2.3.3 Increasing focus on grid modernization
5.2.3.4 Rising focus on developing efficient and sustainable batteries
FIGURE 25 IMPACT OF OPPORTUNITIES ON GLOBAL FLOW BATTERY MARKET
5.2.4 CHALLENGES
5.2.4.1 Presence of affordable alternative battery technologies
FIGURE 26 IMPACT OF CHALLENGES ON GLOBAL FLOW BATTERY MARKET
5.3 VALUE CHAIN ANALYSIS
FIGURE 27 FLOW BATTERY MARKET: VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM MAPPING
FIGURE 28 GLOBAL FLOW BATTERY MARKET: ECOSYSTEM
TABLE 2 FLOW BATTERY MARKET: ROLE OF KEY PLAYERS IN ECOSYSTEM
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 29 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN FLOW BATTERY MARKET
5.6 PORTER’S FIVE FORCES ANALYSIS
TABLE 3 FLOW BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 30 FLOW BATTERY MARKET: PORTERS FIVE FORCES ANALYSIS
5.6.1 BARGAINING POWER OF SUPPLIERS
5.6.2 BARGAINING POWER OF BUYERS
5.6.3 THREAT OF NEW ENTRANTS
5.6.4 THREAT OF SUBSTITUTES
5.6.5 INTENSITY OF COMPETITIVE RIVALRY
5.7 CASE STUDY ANALYSIS
TABLE 4 OPTUS TELECOMMUNICATIONS REDUCED GENERATOR OPERATING TIME USING FLOW BATTERIES
TABLE 5 SANDBAR SOLAR PARTNERED WITH INVINITY ENERGY AND AGETO ENERGY TO DEVELOP VANADIUM FLOW BATTERY AND MICROGRID SOLUTIONS
TABLE 6 VODAFONE NEW ZEALAND USED FLOW BATTERIES TO PROVIDE OFF-GRID POWER IN REMOTE LOCATION
5.8 TECHNOLOGY TRENDS
5.8.1 SODIUM-SULFUR BATTERIES
5.8.2 COBALT-FREE BATTERIES
5.8.3 POTASSIUM-METAL BATTERIES
5.8.4 SOLID-STATE BATTERIES
5.8.5 METAL-AIR BATTERIES
5.8.6 LIQUID-METAL BATTERIES
5.8.7 LITHIUM-SILICON BATTERIES
5.8.8 LITHIUM-SULFUR BATTERIES
5.9 PRICING ANALYSIS
FIGURE 31 AVERAGE SELLING PRICE TREND OF FLOW BATTERY, 2022–2028
5.9.1 AVERAGE SELLING PRICE TREND, BY BATTERY TYPE
TABLE 7 AVERAGE SELLING PRICE OF FLOW BATTERIES, BY BATTERY TYPE
5.9.2 AVERAGE SELLING PRICE TREND, BY KEY PLAYER
FIGURE 32 AVERAGE SELLING PRICE OF FLOW BATTERIES OFFERED BY KEY PLAYERS
TABLE 8 AVERAGE SELLING PRICE OF FLOW BATTERIES OFFERED BY KEY PLAYERS
5.9.3 AVERAGE SELLING PRICE TREND, BY REGION
TABLE 9 AVERAGE SELLING PRICE OF FLOW BATTERIES, BY REGION
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS
TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS
5.10.2 BUYING CRITERIA
FIGURE 34 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
TABLE 11 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
5.11 TRADE ANALYSIS
FIGURE 35 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8112, BY KEY COUNTRIES, 2018–2022 (USD MILLION)
FIGURE 36 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8112, BY KEY COUNTRIES, 2018–2022 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 37 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 12 US: TOP 20 PATENT OWNERS IN LAST 10 YEARS
FIGURE 38 NUMBER OF PATENTS GRANTED PER YEAR FROM 2013 TO 2022
TABLE 13 FLOW BATTERY MARKET: LIST OF PATENTS, 2022–2023
5.13 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 14 FLOW BATTERY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
5.14 TARIFFS AND REGULATORY LANDSCAPE
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 18 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.2 REGULATORY STANDARDS
TABLE 19 FLOW BATTERY MARKET: STANDARDS
6 FLOW BATTERY MARKET, BY BATTERY TYPE
6.1 INTRODUCTION
FIGURE 39 FLOW BATTERY MARKET, BY BATTERY TYPE
FIGURE 40 REDOX TO HOLD DOMINANT SHARE OF FLOW BATTERY MARKET THROUGHOUT FORECAST PERIOD
TABLE 20 FLOW BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 21 FLOW BATTERY MARKET, BY TYPE, 2023–2028 (USD MILLION)
6.2 REDOX
6.2.1 GROWING ADOPTION OF REDOX FLOW BATTERIES IN LARGE-SCALE ENERGY STORAGE APPLICATIONS TO BOOST SEGMENTAL GROWTH
TABLE 22 REDOX: FLOW BATTERY MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
TABLE 23 REDOX: FLOW BATTERY MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
TABLE 24 REDOX: FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 25 REDOX: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
6.3 HYBRID
6.3.1 COMPACT SIZE AND DESIGN FLEXIBILITY OF HYBRID FLOW BATTERIES TO DRIVE SEGMENTAL LANDSCAPE
TABLE 26 HYBRID: FLOW BATTERY MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
TABLE 27 HYBRID: FLOW BATTERY MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
TABLE 28 HYBRID: FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 29 HYBRID: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
7 FLOW BATTERY MARKET, BY MATERIAL
7.1 INTRODUCTION
FIGURE 41 FLOW BATTERY MARKET, BY MATERIAL
FIGURE 42 VANADIUM MATERIAL TO ACCOUNT FOR LARGEST SHARE OF FLOW BATTERY MARKET IN 2028
TABLE 30 FLOW BATTERY MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
TABLE 31 FLOW BATTERY MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
7.2 VANADIUM
7.2.1 INCREASING FOCUS ON REDUCING CARBON FOOTPRINT TO FUEL ADOPTION OF VANADIUM FLOW BATTERIES
TABLE 32 VANADIUM: FLOW BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 33 VANADIUM: FLOW BATTERY MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
7.3 ZINC BROMINE
7.3.1 EASY AVAILABILITY AND COST-EFFECTIVENESS OF ZINC-BROMINE BATTERIES TO ACCELERATE SEGMENTAL GROWTH
TABLE 34 ZINC BROMINE: FLOW BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 35 ZINC BROMINE: FLOW BATTERY MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
7.4 OTHERS
TABLE 36 OTHERS: FLOW BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 37 OTHERS: FLOW BATTERY MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
8 FLOW BATTERY MARKET, BY OWNERSHIP
8.1 INTRODUCTION
FIGURE 43 FLOW BATTERY MARKET, BY OWNERSHIP
8.2 CUSTOMER-OWNED
8.2.1 INCREASING FOCUS ON OPTIMIZING ENERGY USAGE TO DRIVE ADOPTION OF FLOW BATTERIES
8.3 UTILITY-OWNED
8.3.1 RISING EMPHASIS ON ENHANCING GRID RELIABILITY TO FUEL DEMAND FOR FLOW BATTERIES
8.4 THIRD-PARTY-OWNED
8.4.1 NEED TO REDUCE UPFRONT COSTS AND RISKS TO BOOST ADOPTION OF THIRD-PARTY OWNERSHIP MODEL
9 FLOW BATTERY MARKET, BY STORAGE
9.1 INTRODUCTION
FIGURE 44 FLOW BATTERY MARKET, BY STORAGE
FIGURE 45 LARGE-SCALE SEGMENT TO DOMINATE FLOW BATTERY MARKET DURING FORECAST PERIOD
TABLE 38 FLOW BATTERY MARKET, BY STORAGE, 2019–2022 (USD MILLION)
TABLE 39 FLOW BATTERY MARKET, BY STORAGE, 2023–2028 (USD MILLION)
9.2 LARGE-SCALE
9.2.1 RISING DEMAND FOR LARGE-SCALE ENERGY STORAGE SOLUTIONS IN UTILITIES SECTOR TO SUPPORT SEGMENTAL GROWTH
TABLE 40 LARGE-SCALE: FLOW BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 41 LARGE-SCALE: FLOW BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 42 LARGE-SCALE: FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 43 LARGE-SCALE: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
9.3 SMALL-SCALE
9.3.1 INCREASING DEMAND FOR FLOW BATTERIES IN RESIDENTIAL APPLICATIONS TO DRIVE MARKET
TABLE 44 SMALL-SCALE: FLOW BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 45 SMALL-SCALE: FLOW BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 46 SMALL-SCALE: FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 47 SMALL-SCALE: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
10 FLOW BATTERY MARKET, BY APPLICATION
10.1 INTRODUCTION
FIGURE 46 FLOW BATTERY MARKET, BY APPLICATION
FIGURE 47 UTILITIES SEGMENT TO CAPTURE LARGEST SHARE OF FLOW BATTERY MARKET IN 2028
TABLE 48 FLOW BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 49 FLOW BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
10.2 UTILITIES
10.2.1 INCREASING ADOPTION OF FLOW BATTERIES IN RENEWABLE ENERGY STORAGE SYSTEMS TO FUEL SEGMENTAL GROWTH
TABLE 50 UTILITIES: FLOW BATTERY MARKET, BY STORAGE, 2019–2022 (USD MILLION)
TABLE 51 UTILITIES: FLOW BATTERY MARKET, BY STORAGE, 2023–2028 (USD MILLION)
TABLE 52 UTILITIES: FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 53 UTILITIES: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
10.3 COMMERCIAL & INDUSTRIAL
10.3.1 INCREASING EMPHASIS ON IMPROVING POWER QUALITY IN COMMERCIAL AND INDUSTRIAL APPLICATIONS TO DRIVE MARKET
TABLE 54 COMMERCIAL & INDUSTRIAL: FLOW BATTERY MARKET, BY STORAGE, 2019–2022 (USD MILLION)
TABLE 55 COMMERCIAL & INDUSTRIAL: FLOW BATTERY MARKET, BY STORAGE, 2023–2028 (USD MILLION)
TABLE 56 COMMERCIAL & INDUSTRIAL: FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 57 COMMERCIAL & INDUSTRIAL: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
10.4 EV CHARGING STATIONS
10.4.1 GROWING FOCUS ON IMPLEMENTATION OF EV-CHARGING STATIONS TO SUPPORT MARKET
TABLE 58 EV CHARGING STATIONS: FLOW BATTERY MARKET, BY STORAGE, 2023–2028 (USD MILLION)
TABLE 59 EV CHARGING STATIONS: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
10.5 OTHER APPLICATIONS
TABLE 60 OTHER APPLICATIONS: FLOW BATTERY MARKET, BY STORAGE, 2019–2022 (USD MILLION)
TABLE 61 OTHER APPLICATIONS: FLOW BATTERY MARKET, BY STORAGE, 2023–2028 (USD MILLION)
TABLE 62 OTHER APPLICATIONS: FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 63 OTHER APPLICATIONS: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
11 FLOW BATTERY MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 48 FLOW BATTERY MARKET, BY REGION
FIGURE 49 GEOGRAPHIC SNAPSHOT: FLOW BATTERY MARKET
TABLE 64 FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 65 FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
11.2 NORTH AMERICA
11.2.1 RECESSION IMPACT ON MARKET IN NORTH AMERICA
FIGURE 50 SNAPSHOT: FLOW BATTERY MARKET IN NORTH AMERICA
FIGURE 51 US TO ACCOUNT FOR LARGEST SHARE THROUGHOUT FORECAST PERIOD
TABLE 66 NORTH AMERICA: FLOW BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 67 NORTH AMERICA: FLOW BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 68 NORTH AMERICA: FLOW BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 69 NORTH AMERICA: FLOW BATTERY MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
TABLE 70 NORTH AMERICA: FLOW BATTERY MARKET, BY STORAGE, 2019–2022 (USD MILLION)
TABLE 71 NORTH AMERICA: FLOW BATTERY MARKET, BY STORAGE, 2023–2028 (USD MILLION)
TABLE 72 NORTH AMERICA: FLOW BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 73 NORTH AMERICA: FLOW BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.2.2 US
11.2.2.1 Government-led policies to boost decarbonization of multiple sectors
11.2.3 CANADA
11.2.3.1 Increased focus on integrating renewables to generate clean electricity to support flow battery growth
11.2.4 MEXICO
11.2.4.1 Government-led clean energy development projects to boost market growth
11.3 EUROPE
11.3.1 RECESSION IMPACT ON MARKET IN EUROPE
FIGURE 52 SNAPSHOT: FLOW BATTERY MARKET IN EUROPE
FIGURE 53 GERMANY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 74 EUROPE: FLOW BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 75 EUROPE: FLOW BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 76 EUROPE: FLOW BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 77 EUROPE: FLOW BATTERY MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
TABLE 78 EUROPE: FLOW BATTERY MARKET, BY STORAGE, 2019–2022 (USD MILLION)
TABLE 79 EUROPE: FLOW BATTERY MARKET, BY STORAGE, 2023–2028 (USD MILLION)
TABLE 80 EUROPE: FLOW BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 81 EUROPE: FLOW BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.3.2 GERMANY
11.3.2.1 Rising focus on increasing clean energy production to foster market growth
11.3.3 UK
11.3.3.1 Growing use of flow batteries in commercial applications to drive market
11.3.4 FRANCE
11.3.4.1 Increasing focus on strengthening electric vehicle charging infrastructure to drive demand for flow batteries
11.3.5 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 RECESSION IMPACT ON MARKET IN ASIA PACIFIC
FIGURE 54 SNAPSHOT: FLOW BATTERY MARKET IN ASIA PACIFIC
FIGURE 55 CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 82 ASIA PACIFIC: FLOW BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 83 ASIA PACIFIC: FLOW BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 84 ASIA PACIFIC: FLOW BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 85 ASIA PACIFIC: FLOW BATTERY MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
TABLE 86 ASIA PACIFIC: FLOW BATTERY MARKET, BY STORAGE, 2019–2022 (USD MILLION)
TABLE 87 ASIA PACIFIC: FLOW BATTERY MARKET, BY STORAGE, 2023–2028 (USD MILLION)
TABLE 88 ASIA PACIFIC: FLOW BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 89 ASIA PACIFIC: FLOW BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.4.2 CHINA
11.4.2.1 Rising implementation of large-scale energy storage systems to boost market growth
11.4.3 JAPAN
11.4.3.1 Increasing focus on grid modernization to drive demand for flow batteries
11.4.4 INDIA
11.4.4.1 Growing investment in modernizing power sector to drive demand for flow batteries
11.4.5 AUSTRALIA
11.4.5.1 Increasing investments by utilities in flow battery projects to fuel market growth
11.4.6 REST OF ASIA PACIFIC
11.5 REST OF THE WORLD (ROW)
11.5.1 RECESSION IMPACT ON MARKET IN REST OF THE WORLD (ROW)
FIGURE 56 MIDDLE EAST & AFRICA TO DOMINATE FLOW BATTERY MARKET IN ROW DURING FORECAST PERIOD
TABLE 90 ROW: FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 91 ROW: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 92 ROW: FLOW BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 93 ROW: FLOW BATTERY MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
TABLE 94 ROW: FLOW BATTERY MARKET, BY STORAGE, 2019–2022 (USD MILLION)
TABLE 95 ROW: FLOW BATTERY MARKET, BY STORAGE, 2023–2028 (USD MILLION)
TABLE 96 ROW: FLOW BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 97 ROW: FLOW BATTERY MARKET BY APPLICATION, 2023–2028 (USD MILLION)
11.5.2 MIDDLE EAST & AFRICA
11.5.2.1 Increasing focus of battery manufacturers on expanding production capacity to drive market
11.5.3 SOUTH AMERICA
11.5.3.1 Increasing foreign investments to boost market growth
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 98 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
12.3 REVENUE ANALYSIS OF TOP 5 COMPANIES
FIGURE 57 FLOW BATTERY MARKET: REVENUE ANALYSIS OF 5 KEY PLAYERS, 2018–2022
12.4 MARKET SHARE ANALYSIS, 2022
TABLE 99 FLOW BATTERY MARKET DEGREE OF COMPETITION, 2022
FIGURE 58 SHARE OF KEY PLAYERS IN FLOW BATTERY MARKET, 2022
12.5 EVALUATION MATRIX FOR KEY COMPANIES, 2022
12.5.1 STARS
12.5.2 EMERGING LEADERS
12.5.3 PERVASIVE PLAYERS
12.5.4 PARTICIPANTS
FIGURE 59 FLOW BATTERY MARKET: EVALUATION MATRIX FOR KEY COMPANIES, 2022
12.6 EVALUATION MATRIX FOR SMES, 2022
12.6.1 PROGRESSIVE COMPANIES
12.6.2 RESPONSIVE COMPANIES
12.6.3 DYNAMIC COMPANIES
12.6.4 STARTING BLOCKS
FIGURE 60 FLOW BATTERY MARKET: EVALUATION MATRIX FOR SMES, 2022
12.7 FLOW BATTERY MARKET: COMPANY FOOTPRINT
TABLE 100 COMPANY FOOTPRINT
TABLE 101 APPLICATION: COMPANY FOOTPRINT
TABLE 102 REGIONAL: COMPANY FOOTPRINT
12.8 COMPETITIVE BENCHMARKING
TABLE 103 FLOW BATTERY MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 104 FLOW BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
12.9 COMPETITIVE SCENARIOS AND TRENDS
12.9.1 FLOW BATTERY MARKET: PRODUCT LAUNCHES
12.9.2 FLOW BATTERY MARKET: DEALS
13 COMPANY PROFILES
(Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 KEY PLAYERS
13.1.1 SUMITOMO ELECTRIC INDUSTRIES, LTD.
TABLE 105 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY OVERVIEW
FIGURE 61 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 106 SUMITOMO ELECTRIC INDUSTRIES, LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 107 SUMITOMO ELECTRIC INDUSTRIES, LTD.: DEALS
TABLE 108 SUMITOMO ELECTRIC INDUSTRIES, LTD.: OTHERS
13.1.2 INVINITY ENERGY SYSTEMS
TABLE 109 INVINITY ENERGY SYSTEMS: COMPANY OVERVIEW
FIGURE 62 INVINITY ENERGY SYSTEMS: COMPANY SNAPSHOT
TABLE 110 INVINITY ENERGY SYSTEMS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 111 INVINITY ENERGY SYSTEMS: DEALS
13.1.3 ENEROX GMBH
TABLE 112 ENEROX GMBH: COMPANY OVERVIEW
TABLE 113 ENEROX GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 114 ENEROX GMBH: DEALS
TABLE 115 ENEROX GMBH: OTHERS
13.1.4 REDFLOW LIMITED
TABLE 116 REDFLOW LIMITED: COMPANY OVERVIEW
FIGURE 63 REDFLOW LIMITED: COMPANY SNAPSHOT
TABLE 117 REDFLOW LIMITED: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 118 REDFLOW LIMITED: DEALS
13.1.5 VRB ENERGY
TABLE 119 VRB ENERGY: COMPANY OVERVIEW
TABLE 120 VRB ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 121 VRB ENERGY: DEALS
13.1.6 ELESTOR BV
TABLE 122 ELESTOR BV: COMPANY OVERVIEW
TABLE 123 ELESTOR BV: PRODUCTS/SERVICES/SOLUTIONS OFFERED
13.1.7 ESS INC.
TABLE 124 ESS INC.: COMPANY OVERVIEW
TABLE 125 ESS INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 126 ESS INC.: PRODUCT LAUNCHES
TABLE 127 ESS INC.: DEALS
13.1.8 JENABATTERIES GMBH
TABLE 128 JENABATTERIES GMBH: COMPANY OVERVIEW
TABLE 129 JENABATTERIES GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 130 JENABATTERIES GMBH: OTHERS
13.1.9 LARGO INC.
TABLE 131 LARGO INC.: COMPANY OVERVIEW
FIGURE 64 LARGO INC.: COMPANY SNAPSHOT
TABLE 132 LARGO INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
13.1.10 LOCKHEED MARTIN CORPORATION
TABLE 133 LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW
FIGURE 65 LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
TABLE 134 LOCKHEED MARTIN CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 135 LOCKHEED MARTIN CORPORATION: DEALS
13.1.11 PRIMUS POWER SOLUTIONS
TABLE 136 PRIMUS POWER SOLUTIONS: COMPANY OVERVIEW
TABLE 137 PRIMUS POWER SOLUTIONS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
13.1.12 SCHMID GROUP
TABLE 138 SCHMID GROUP: COMPANY OVERVIEW
TABLE 139 SCHMID GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
13.1.13 STRYTEN ENERGY
TABLE 140 STRYTEN ENERGY: COMPANY OVERVIEW
TABLE 141 STRYTEN ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
13.1.14 VIZN ENERGY SYSTEMS
TABLE 142 VIZN ENERGY SYSTEMS: COMPANY OVERVIEW
TABLE 143 VIZN ENERGY SYSTEMS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
13.2 OTHER PLAYERS
13.2.1 DALIAN RONGKE ENERGY STORAGE TECHNOLOGY DEVELOPMENT CO., LTD.
13.2.2 H2, INC.
13.2.3 KEMIWATT
13.2.4 LE SYSTEM CO., LTD.
13.2.5 NANOFLOWCELL HOLDINGS PLC
13.2.6 STOREN TECHNOLOGIES
13.2.7 VANADIS POWER GMBH
13.2.8 VFLOWTECH PTE LTD.
13.2.9 VISBLUE A/S
13.2.10 VOLTERION DORTMUND
13.2.11 VOLTSTORAGE GMBH
13.2.12 VSUN ENERGY PTY LTD.
*Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 ADJACENT AND RELATED MARKETS
14.1 INTRODUCTION
14.2 NICKEL CADMIUM BATTERY MARKET, BY REGION
14.2.1 INTRODUCTION
TABLE 144 NICKEL-CADMIUM BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 145 NICKEL-CADMIUM BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)
14.2.2 NORTH AMERICA
TABLE 146 NORTH AMERICA: NICKEL-CADMIUM BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 147 NORTH AMERICA: NICKEL-CADMIUM BATTERY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 148 NORTH AMERICA: NICKEL-CADMIUM BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 149 NORTH AMERICA: NICKEL-CADMIUM BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
14.2.2.1 US
14.2.2.1.1 Rising adoption of Ni-Cd batteries in power grids for emergency backup to drive market
14.2.2.2 Canada
14.2.2.2.1 Increasing aircraft manufacturing activities to accelrate market growth
14.2.2.3 Mexico
14.2.2.3.1 Growing demand for energy storage to foster market growth
15 APPENDIX
15.1 INSIGHTS FROM INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 CUSTOMIZATION OPTIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILSGY, 2023–2030 (USD MILLION)
10.3.4 GERMANY
10.3.4.1 Huge investments in technological developments and government initiatives to drive demand
10.3.5 FRANCE
10.3.5.1 Heavy demand for digitalization along with huge investments in R&D to drive growth
10.3.6 POLAND
10.3.6.1 Private and public sectors to rapidly adopt digital transformation solutions
10.3.7 SPAIN
10.3.7.1 Initiatives taken by government to promote widespread adoption of AI
10.3.8 ITALY
10.3.8.1 Rising adoption of cutting-edge technologies to drive growth
10.3.9 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET DRIVERS
10.4.2 ASIA PACIFIC: IMPACT OF RECESSION
TABLE 155 ASIA PACIFIC: PROMINENT PLAYERS
FIGURE 38 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 156 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 157 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY OFFERING, 2023–2030 (USD MILLION)
TABLE 158 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY DEPLOYMENT MODE, 2018–2022 (USD MILLION)
TABLE 159 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY DEPLOYMENT MODE, 2023–2030 (USD MILLION)
TABLE 160 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 161 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY SERVICE, 2023–2030 (USD MILLION)
TABLE 162 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)
TABLE 163 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)
TABLE 164 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY BUSINESS FUNCTION, 2018–2022 (USD MILLION)
TABLE 165 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY BUSINESS FUNCTION, 2023–2030 (USD MILLION)
TABLE 166 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 167 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY VERTICAL, 2023–2030 (USD MILLION)
TABLE 168 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 169 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
TABLE 170 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY ASEAN COUNTRY, 2018–2022 (USD MILLION)
TABLE 171 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY ASEAN COUNTRY, 2023–2030 (USD MILLION)
10.4.3 CHINA
10.4.3.1 Investments in infrastructure and advanced technologies to fuel adoption of digital transformation
TABLE 172 CHINA: DIGITAL TRANSFORMATION MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 173 CHINA: DIGITAL TRANSFORMATION MARKET, BY OFFERING, 2023–2030 (USD MILLION)
TABLE 174 CHINA: DIGITAL TRANSFORMATION MARKET, BY DEPLOYMENT MODE, 2018–2022 (USD MILLION)
TABLE 175 CHINA: DIGITAL TRANSFORMATION MARKET, BY DEPLOYMENT MODE, 2023–2030 (USD MILLION)
TABLE 176 CHINA: DIGITAL TRANSFORMATION MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)
TABLE 177 CHINA: DIGITAL TRANSFORMATION MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)
10.4.4 JAPAN
10.4.4.1 Investments in private and government sector to increase competitiveness
10.4.5 INDIA
10.4.5.1 Rapid adoption of modern technologies and investments by global players to drive growth
10.4.6 AUSTRALIA & NEW ZEALAND
10.4.6.1 Government initiatives to drive growth
10.4.7 SOUTH KOREA
10.4.7.1 Rapid adoption and government investments to enable growth
10.4.8 ASEAN COUNTRIES
10.4.8.1.1 Singapore
10.4.8.1.2 Malaysia
10.4.8.1.3 Indonesia
10.4.9 REST OF ASIA PACIFIC
10.5 MIDDLE EAST & AFRICA
10.5.1 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET DRIVERS
10.5.2 MIDDLE EAST & AFRICA: IMPACT OF RECESSION
TABLE 178 MIDDLE EAST & AFRICA: PROMINENT PLAYERS
TABLE 179 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 180 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY OFFERING, 2023–2030 (USD MILLION)
TABLE 181 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY DEPLOYMENT MODE, 2018–2022 (USD MILLION)
TABLE 182 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY DEPLOYMENT MODE, 2023–2030 (USD MILLION)
TABLE 183 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 184 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY SERVICE, 2023–2030 (USD MILLION)
TABLE 185 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)
TABLE 186 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)
TABLE 187 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY BUSINESS FUNCTION, 2018–2022 (USD MILLION)
TABLE 188 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY BUSINESS FUNCTION, 2023–2030 (USD MILLION)
TABLE 189 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 190 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY VERTICAL, 2023–2030 (USD MILLION)
TABLE 191 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 192 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
10.5.3 UAE
10.5.3.1 Investments by global players to drive adoption of digital transformation solutions
10.5.4 SOUTH AFRICA
10.5.4.1 Various government initiatives to encourage growth of digital transformation solutions
10.5.5 ISRAEL
10.5.5.1 Government support to propel growth of digital transformation
10.5.6 SAUDI ARABIA
10.5.6.1 Growing application of technologies across various industry verticals to drive growth
10.5.7 TURKEY
10.5.7.1 Initiatives by government to foster innovation and drive economic growth
10.5.8 REST OF MIDDLE EAST & AFRICA
10.5.8.1 Growing adoption of cloud technologies to boost digital transformation solutions
10.6 LATIN AMERICA
10.6.1 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET DRIVERS
10.6.2 LATIN AMERICA: IMPACT OF RECESSION
TABLE 193 LATIN AMERICA: PROMINENT PLAYERS
TABLE 194 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 195 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY OFFERING, 2023–2030 (USD MILLION)
TABLE 196 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY DEPLOYMENT MODE, 2018–2022 (USD MILLION)
TABLE 197 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY DEPLOYMENT MODE, 2023–2030 (USD MILLION)
TABLE 198 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 199 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY SERVICE, 2023–2030 (USD MILLION)
TABLE 200 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)
TABLE 201 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)
TABLE 202 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY BUSINESS FUNCTION, 2018–2022 (USD MILLION)
TABLE 203 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY BUSINESS FUNCTION, 2023–2030 (USD MILLION)
TABLE 204 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 205 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY VERTICAL, 2023–2030 (USD MILLION)
TABLE 206 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 207 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
10.6.3 BRAZIL
10.6.3.1 Enhanced customer experience and customized products and services to drive market
10.6.4 MEXICO
10.6.4.1 Various government investments and initiatives to boost demand for digital transformation
10.6.5 ARGENTINA
10.6.5.1 Rising adoption of artificial intelligence to improve decision-making and boost market growth
10.6.6 CHILE
10.6.6.1 Leveraging digital technologies to enhance its economic competitiveness
10.6.7 REST OF LATIN AMERICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 208 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN DIGITAL TRANSFORMATION MARKET
11.3 HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS
FIGURE 39 HISTORICAL REVENUE ANALYSIS OF TOP PLAYERS, 2020–2022 (USD MILLION)
11.4 MARKET SHARE ANALYSIS
FIGURE 40 DIGITAL TRANSFORMATION MARKET: MARKET SHARE ANALYSIS
TABLE 209 DIGITAL TRANSFORMATION MARKET: DEGREE OF COMPETITION
11.5 COMPANY EVALUATION MATRIX
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
FIGURE 41 KEY DIGITAL TRANSFORMATION MARKET PLAYERS, COMPANY EVALUATION MATRIX, 2022
11.6 STARTUPS AND SMES EVALUATION MATRIX
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
FIGURE 42 DIGITAL TRANSFORMATION MARKET EVALUATION MATRIX FOR STARTUPS AND SMES, 2022
11.7 COMPETITIVE BENCHMARKING
TABLE 210 DIGITAL TRANSFORMATION MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 211 DIGITAL TRANSFORMATION MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS
TABLE 212 DIGITAL TRANSFORMATION MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES
11.8 COMPETITIVE SCENARIO
11.8.1 PRODUCT LAUNCHES
TABLE 213 PRODUCT LAUNCHES, 2018–2023
11.8.2 DEALS
TABLE 214 DEALS, 2018–2023
11.8.3 OTHERS
TABLE 215 OTHERS, 2018–2022
12 COMPANY PROFILES
12.1 INTRODUCTION
12.2 KEY PLAYERS
(Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Key strengths, Strategic choices, and Weaknesses and competitive threats)*
12.2.1 MICROSOFT
TABLE 216 MICROSOFT: BUSINESS OVERVIEW
FIGURE 43 MICROSOFT: COMPANY SNAPSHOT
TABLE 217 MICROSOFT: SOLUTIONS OFFERED
TABLE 218 MICROSOFT: SERVICES OFFERED
TABLE 219 MICROSOFT: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 220 MICROSOFT: DEALS
12.2.2 IBM
TABLE 221 IBM: BUSINESS OVERVIEW
FIGURE 44 IBM: COMPANY SNAPSHOT
TABLE 222 IBM: SOLUTIONS OFFERED
TABLE 223 IBM: SERVICES OFFERED
TABLE 224 IBM: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 225 IBM: DEALS
TABLE 226 IBM: OTHERS
12.2.3 SAP
TABLE 227 SAP: BUSINESS OVERVIEW
FIGURE 45 SAP: COMPANY SNAPSHOT
TABLE 228 SAP: SOLUTIONS OFFERED
TABLE 229 SAP: SERVICES OFFERED
TABLE 230 SAP: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 231 SAP: DEALS
TABLE 232 SAP: OTHERS
12.2.4 ORACLE
TABLE 233 ORACLE: BUSINESS OVERVIEW
FIGURE 46 ORACLE: COMPANY SNAPSHOT
TABLE 234 ORACLE: SOLUTIONS OFFERED
TABLE 235 ORACLE: SERVICES OFFERED
TABLE 236 ORACLE: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 237 ORACLE: DEALS
TABLE 238 ORACLE: OTHERS
12.2.5 GOOGLE
TABLE 239 GOOGLE: BUSINESS OVERVIEW
FIGURE 47 GOOGLE: COMPANY SNAPSHOT
TABLE 240 GOOGLE: SOLUTIONS OFFERED
TABLE 241 GOOGLE: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 242 GOOGLE: DEALS
12.2.6 SALESFORCE
TABLE 243 SALESFORCE: BUSINESS OVERVIEW
FIGURE 48 SALESFORCE: COMPANY SNAPSHOT
TABLE 244 SALESFORCE: SOLUTIONS OFFERED
TABLE 245 SALESFORCE: SERVICES OFFERED
TABLE 246 SALESFORCE: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 247 SALESFORCE: DEALS
12.2.7 HPE
TABLE 248 HPE: BUSINESS OVERVIEW
FIGURE 49 HPE: COMPANY SNAPSHOT
TABLE 249 HPE: SOLUTIONS OFFERED
TABLE 250 HPE: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 251 HPE: DEALS
TABLE 252 HPE: OTHERS
12.2.8 ADOBE
TABLE 253 ADOBE: BUSINESS OVERVIEW
FIGURE 50 ADOBE: COMPANY SNAPSHOT
TABLE 254 ADOBE: SOLUTIONS OFFERED
TABLE 255 ADOBE: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 256 ADOBE: DEALS
12.2.9 BAIDU
TABLE 257 BAIDU: BUSINESS OVERVIEW
FIGURE 51 BAIDU: COMPANY SNAPSHOT
TABLE 258 BAIDU: SOLUTIONS OFFERED
TABLE 259 BAIDU: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 260 BAIDU: DEALS
12.2.10 HCL TECHNOLOGIES
TABLE 261 HCL TECHNOLOGIES: BUSINESS OVERVIEW
FIGURE 52 HCL TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 262 HCL TECHNOLOGIES: SOLUTIONS OFFERED
TABLE 263 HCL TECHNOLOGIES: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 264 HCL TECHNOLOGIES: DEALS
12.2.11 EY
TABLE 265 EY: BUSINESS OVERVIEW
FIGURE 53 EY: COMPANY SNAPSHOT
TABLE 266 EY: SERVICES OFFERED
TABLE 267 EY: DEALS
12.2.12 COGNIZANT
TABLE 268 COGNIZANT: BUSINESS OVERVIEW
FIGURE 54 COGNIZANT: COMPANY SNAPSHOT
TABLE 269 COGNIZANT: SERVICES OFFERED
TABLE 270 COGNIZANT: DEALS
12.2.13 ACCENTURE
TABLE 271 ACCENTURE: BUSINESS OVERVIEW
FIGURE 55 ACCENTURE: COMPANY SNAPSHOT
TABLE 272 ACCENTURE: SERVICES OFFERED
TABLE 273 ACCENTURE: DEALS
12.2.14 BROADCOM
TABLE 274 BROADCOM: BUSINESS OVERVIEW
FIGURE 56 BROADCOM: COMPANY SNAPSHOT
TABLE 275 BROADCOM: SOLUTIONS OFFERED
TABLE 276 BROADCOM: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 277 BROADCOM: DEALS
12.2.15 EQUINIX
TABLE 278 EQUINIX: BUSINESS OVERVIEW
FIGURE 57 EQUINIX: COMPANY SNAPSHOT
TABLE 279 EQUINIX: SOLUTIONS OFFERED
TABLE 280 EQUINIX: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 281 EQUINIX: DEALS
TABLE 282 EQUINIX: OTHERS
12.2.16 ALIBABA
TABLE 283 ALIBABA: BUSINESS OVERVIEW
TABLE 284 ALIBABA: SOLUTIONS OFFERED
TABLE 285 ALIBABA: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 286 ALIBABA: DEALS
TABLE 287 ALIBABA: OTHERS
12.2.17 TIBCO SOFTWARE
TABLE 288 TIBCO SOFTWARE: BUSINESS OVERVIEW
TABLE 289 TIBCO SOFTWARE: SOLUTIONS OFFERED
TABLE 290 TIBCO SOFTWARE: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 291 TIBCO SOFTWARE: DEALS
12.2.18 MARLABS
TABLE 292 MARLABS: BUSINESS OVERVIEW
TABLE 293 MARLABS: SOLUTIONS OFFERED
TABLE 294 MARLABS: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 295 MARLABS: DEALS
TABLE 296 MARLABS: OTHERS
12.3 SMES AND STARTUPS
12.3.1 ALCOR SOLUTIONS
12.3.2 SMARTSTREAM
12.3.3 YASH TECHNOLOGIES
12.3.4 INTERFACING
12.3.5 DEMPTON CONSULTING GROUP
12.3.6 KISSFLOW
12.3.7 EMUDHRA
12.3.8 PROCESSMAKER
12.3.9 PROCESS STREET
12.3.10 HAPPIEST MINDS
12.3.11 SCORO
12.3.12 BRILLIO
12.3.13 AEXONIC TECHNOLOGIES
12.3.14 CLOUD ANGLES
12.3.15 MAGNETAR IT
12.3.16 SCITARA
12.3.17 INTRINSIC
12.3.18 SOUNDFUL
*Details on Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Key strengths, Strategic choices, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
13 APPENDIX
13.1 ADJACENT AND RELATED MARKETS
13.1.1 INTRODUCTION
13.1.2 CLOUD COMPUTING MARKET—GLOBAL FORECAST TO 2027
13.1.2.1 Market definition
13.1.2.2 Market overview
13.1.2.2.1 Cloud computing market, by service model
TABLE 297 CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2017–2021 (USD BILLION)
TABLE 298 CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2022–2027 (USD BILLION)
13.1.2.2.2 Cloud computing market, by deployment model
TABLE 299 CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2017–2021 (USD BILLION)
TABLE 300 CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2022–2027 (USD BILLION)
13.1.2.2.3 Cloud computing market, by organization size
TABLE 301 CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD BILLION)
TABLE 302 CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)
13.1.2.2.4 Cloud computing market, by industry vertical
TABLE 303 CLOUD COMPUTING MARKET, BY VERTICAL, 2017–2021 (USD BILLION)
TABLE 304 CLOUD COMPUTING MARKET, BY VERTICAL, 2022–2027 (USD BILLION)
13.1.2.2.5 Cloud computing market, by region
TABLE 305 CLOUD COMPUTING MARKET, BY REGION, 2017–2021 (USD BILLION)
TABLE 306 CLOUD COMPUTING MARKET, BY REGION, 2022–2027 (USD BILLION)
13.1.3 ARTIFICIAL INTELLIGENCE MARKET—GLOBAL FORECAST TO 2027
13.1.3.1 Market definition
13.1.3.2 Market overview
13.1.3.2.1 Artificial intelligence market, by offering
TABLE 307 ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2016–2021 (USD BILLION)
TABLE 308 ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2022–2027 (USD BILLION)
13.1.3.2.2 Artificial intelligence market, by deployment type
TABLE 309 ARTIFICIAL INTELLIGENCE MARKET, BY DEPLOYMENT TYPE, 2016–2021 (USD BILLION)
TABLE 310 ARTIFICIAL INTELLIGENCE MARKET, BY DEPLOYMENT TYPE, 2022–2027 (USD BILLION)
13.1.3.2.3 Artificial intelligence market, by organization size
TABLE 311 ARTIFICIAL INTELLIGENCE MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD BILLION)
TABLE 312 ARTIFICIAL INTELLIGENCE MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)
13.1.3.2.4 Artificial intelligence market, by technology
TABLE 313 ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2016–2021 (USD BILLION)
TABLE 314 ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2022–2027 (USD BILLION)
13.1.3.2.5 Artificial intelligence market, by industry vertical
TABLE 315 ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2016–2021 (USD BILLION)
TABLE 316 ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2022–2027 (USD BILLION)
13.1.3.2.6 Artificial intelligence market, by region
TABLE 317 ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 318 ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2022–2027 (USD BILLION)
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 CUSTOMIZATION OPTIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 FLOW BATTERY MARKET SEGMENTATION
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 GEOGRAPHICAL SCOPE
FIGURE 2 FLOW BATTERY MARKET: REGIONS COVERED
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
FIGURE 3 FLOW BATTERY MARKET: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
FIGURE 4 FLOW BATTERY MARKET: RESEARCH APPROACH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to arrive at market size using bottom-up analysis
FIGURE 5 FLOW BATTERY MARKET: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to arrive at market size using top-down analysis
FIGURE 6 FLOW BATTERY MARKET: TOP-DOWN APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY FOR FLOW BATTERY MARKET: SUPPLY-SIDE ANALYSIS
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 9 ASSUMPTIONS
2.5 PARAMETERS CONSIDERED TO UNDERSTAND RECESSION IMPACT ON FLOW BATTERY MARKET
2.6 RISK ASSESSMENT
TABLE 1 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 10 FLOW BATTERY MARKET SIZE, 2019–2028 (USD MILLION)
FIGURE 11 REDOX FLOW BATTERIES TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
FIGURE 12 VANADIUM SEGMENT TO HOLD LARGEST SHARE OF FLOW BATTERY MARKET, BY MATERIAL, DURING FORECAST PERIOD
FIGURE 13 LARGE-SCALE FLOW BATTERIES TO DOMINATE MARKET FROM 2023 TO 2028
FIGURE 14 UTILITIES SEGMENT TO LEAD FLOW BATTERY MARKET, BY APPLICATION, THROUGHOUT FORECAST PERIOD
FIGURE 15 NORTH AMERICA HELD LARGEST SHARE OF FLOW BATTERY MARKET IN 2022
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FLOW BATTERY MARKET
FIGURE 16 GROWING ADOPTION OF FLOW BATTERIES IN UTILITIES APPLICATIONS TO DRIVE MARKET FROM 2023 TO 2028
4.2 FLOW BATTERY MARKET, BY BATTERY TYPE
FIGURE 17 REDOX BATTERY TYPE TO LEAD FLOW BATTERY MARKET DURING FORECAST PERIOD
4.3 FLOW BATTERY MARKET, BY APPLICATION
FIGURE 18 UTILITIES APPLICATION TO CAPTURE LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD
4.4 FLOW BATTERY MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY, 2028
FIGURE 19 UTILITIES APPLICATION AND US TO HOLD LARGEST SHARE OF FLOW BATTERY MARKET IN NORTH AMERICA BY 2028
4.5 FLOW BATTERY MARKET, BY COUNTRY
FIGURE 20 FLOW BATTERY MARKET IN CHINA EXPECTED TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 21 FLOW BATTERY MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing preference for flow batteries over conventional batteries
5.2.1.2 Government-led investments in developing renewable energy storage systems
FIGURE 22 GLOBAL INVESTMENTS IN RENEWABLE ENERGY, 2019–2023 (USD BILLION)
5.2.1.3 High adoption of flow batteries in utilities sector
5.2.1.4 Increasing installations of telecom towers
FIGURE 23 IMPACT OF DRIVERS ON GLOBAL FLOW BATTERY MARKET
5.2.2 RESTRAINTS
5.2.2.1 Need for substantial upfront investment
5.2.2.2 Lack of calibration standards
FIGURE 24 IMPACT OF RESTRAINTS ON GLOBAL FLOW BATTERY MARKET
5.2.3 OPPORTUNITIES
5.2.3.1 Increasing importance of backup power systems in data centers
5.2.3.2 Rising adoption of flow batteries in residential applications
5.2.3.3 Increasing focus on grid modernization
5.2.3.4 Rising focus on developing efficient and sustainable batteries
FIGURE 25 IMPACT OF OPPORTUNITIES ON GLOBAL FLOW BATTERY MARKET
5.2.4 CHALLENGES
5.2.4.1 Presence of affordable alternative battery technologies
FIGURE 26 IMPACT OF CHALLENGES ON GLOBAL FLOW BATTERY MARKET
5.3 VALUE CHAIN ANALYSIS
FIGURE 27 FLOW BATTERY MARKET: VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM MAPPING
FIGURE 28 GLOBAL FLOW BATTERY MARKET: ECOSYSTEM
TABLE 2 FLOW BATTERY MARKET: ROLE OF KEY PLAYERS IN ECOSYSTEM
5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 29 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PLAYERS IN FLOW BATTERY MARKET
5.6 PORTER’S FIVE FORCES ANALYSIS
TABLE 3 FLOW BATTERY MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 30 FLOW BATTERY MARKET: PORTERS FIVE FORCES ANALYSIS
5.6.1 BARGAINING POWER OF SUPPLIERS
5.6.2 BARGAINING POWER OF BUYERS
5.6.3 THREAT OF NEW ENTRANTS
5.6.4 THREAT OF SUBSTITUTES
5.6.5 INTENSITY OF COMPETITIVE RIVALRY
5.7 CASE STUDY ANALYSIS
TABLE 4 OPTUS TELECOMMUNICATIONS REDUCED GENERATOR OPERATING TIME USING FLOW BATTERIES
TABLE 5 SANDBAR SOLAR PARTNERED WITH INVINITY ENERGY AND AGETO ENERGY TO DEVELOP VANADIUM FLOW BATTERY AND MICROGRID SOLUTIONS
TABLE 6 VODAFONE NEW ZEALAND USED FLOW BATTERIES TO PROVIDE OFF-GRID POWER IN REMOTE LOCATION
5.8 TECHNOLOGY TRENDS
5.8.1 SODIUM-SULFUR BATTERIES
5.8.2 COBALT-FREE BATTERIES
5.8.3 POTASSIUM-METAL BATTERIES
5.8.4 SOLID-STATE BATTERIES
5.8.5 METAL-AIR BATTERIES
5.8.6 LIQUID-METAL BATTERIES
5.8.7 LITHIUM-SILICON BATTERIES
5.8.8 LITHIUM-SULFUR BATTERIES
5.9 PRICING ANALYSIS
FIGURE 31 AVERAGE SELLING PRICE TREND OF FLOW BATTERY, 2022–2028
5.9.1 AVERAGE SELLING PRICE TREND, BY BATTERY TYPE
TABLE 7 AVERAGE SELLING PRICE OF FLOW BATTERIES, BY BATTERY TYPE
5.9.2 AVERAGE SELLING PRICE TREND, BY KEY PLAYER
FIGURE 32 AVERAGE SELLING PRICE OF FLOW BATTERIES OFFERED BY KEY PLAYERS
TABLE 8 AVERAGE SELLING PRICE OF FLOW BATTERIES OFFERED BY KEY PLAYERS
5.9.3 AVERAGE SELLING PRICE TREND, BY REGION
TABLE 9 AVERAGE SELLING PRICE OF FLOW BATTERIES, BY REGION
5.10 KEY STAKEHOLDERS AND BUYING CRITERIA
5.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS
TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 APPLICATIONS
5.10.2 BUYING CRITERIA
FIGURE 34 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
TABLE 11 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS
5.11 TRADE ANALYSIS
FIGURE 35 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8112, BY KEY COUNTRIES, 2018–2022 (USD MILLION)
FIGURE 36 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8112, BY KEY COUNTRIES, 2018–2022 (USD MILLION)
5.12 PATENT ANALYSIS
FIGURE 37 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 12 US: TOP 20 PATENT OWNERS IN LAST 10 YEARS
FIGURE 38 NUMBER OF PATENTS GRANTED PER YEAR FROM 2013 TO 2022
TABLE 13 FLOW BATTERY MARKET: LIST OF PATENTS, 2022–2023
5.13 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 14 FLOW BATTERY MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
5.14 TARIFFS AND REGULATORY LANDSCAPE
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 15 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 16 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 17 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 18 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.14.2 REGULATORY STANDARDS
TABLE 19 FLOW BATTERY MARKET: STANDARDS
6 FLOW BATTERY MARKET, BY BATTERY TYPE
6.1 INTRODUCTION
FIGURE 39 FLOW BATTERY MARKET, BY BATTERY TYPE
FIGURE 40 REDOX TO HOLD DOMINANT SHARE OF FLOW BATTERY MARKET THROUGHOUT FORECAST PERIOD
TABLE 20 FLOW BATTERY MARKET, BY TYPE, 2019–2022 (USD MILLION)
TABLE 21 FLOW BATTERY MARKET, BY TYPE, 2023–2028 (USD MILLION)
6.2 REDOX
6.2.1 GROWING ADOPTION OF REDOX FLOW BATTERIES IN LARGE-SCALE ENERGY STORAGE APPLICATIONS TO BOOST SEGMENTAL GROWTH
TABLE 22 REDOX: FLOW BATTERY MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
TABLE 23 REDOX: FLOW BATTERY MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
TABLE 24 REDOX: FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 25 REDOX: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
6.3 HYBRID
6.3.1 COMPACT SIZE AND DESIGN FLEXIBILITY OF HYBRID FLOW BATTERIES TO DRIVE SEGMENTAL LANDSCAPE
TABLE 26 HYBRID: FLOW BATTERY MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
TABLE 27 HYBRID: FLOW BATTERY MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
TABLE 28 HYBRID: FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 29 HYBRID: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
7 FLOW BATTERY MARKET, BY MATERIAL
7.1 INTRODUCTION
FIGURE 41 FLOW BATTERY MARKET, BY MATERIAL
FIGURE 42 VANADIUM MATERIAL TO ACCOUNT FOR LARGEST SHARE OF FLOW BATTERY MARKET IN 2028
TABLE 30 FLOW BATTERY MARKET, BY MATERIAL, 2019–2022 (USD MILLION)
TABLE 31 FLOW BATTERY MARKET, BY MATERIAL, 2023–2028 (USD MILLION)
7.2 VANADIUM
7.2.1 INCREASING FOCUS ON REDUCING CARBON FOOTPRINT TO FUEL ADOPTION OF VANADIUM FLOW BATTERIES
TABLE 32 VANADIUM: FLOW BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 33 VANADIUM: FLOW BATTERY MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
7.3 ZINC BROMINE
7.3.1 EASY AVAILABILITY AND COST-EFFECTIVENESS OF ZINC-BROMINE BATTERIES TO ACCELERATE SEGMENTAL GROWTH
TABLE 34 ZINC BROMINE: FLOW BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 35 ZINC BROMINE: FLOW BATTERY MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
7.4 OTHERS
TABLE 36 OTHERS: FLOW BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 37 OTHERS: FLOW BATTERY MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
8 FLOW BATTERY MARKET, BY OWNERSHIP
8.1 INTRODUCTION
FIGURE 43 FLOW BATTERY MARKET, BY OWNERSHIP
8.2 CUSTOMER-OWNED
8.2.1 INCREASING FOCUS ON OPTIMIZING ENERGY USAGE TO DRIVE ADOPTION OF FLOW BATTERIES
8.3 UTILITY-OWNED
8.3.1 RISING EMPHASIS ON ENHANCING GRID RELIABILITY TO FUEL DEMAND FOR FLOW BATTERIES
8.4 THIRD-PARTY-OWNED
8.4.1 NEED TO REDUCE UPFRONT COSTS AND RISKS TO BOOST ADOPTION OF THIRD-PARTY OWNERSHIP MODEL
9 FLOW BATTERY MARKET, BY STORAGE
9.1 INTRODUCTION
FIGURE 44 FLOW BATTERY MARKET, BY STORAGE
FIGURE 45 LARGE-SCALE SEGMENT TO DOMINATE FLOW BATTERY MARKET DURING FORECAST PERIOD
TABLE 38 FLOW BATTERY MARKET, BY STORAGE, 2019–2022 (USD MILLION)
TABLE 39 FLOW BATTERY MARKET, BY STORAGE, 2023–2028 (USD MILLION)
9.2 LARGE-SCALE
9.2.1 RISING DEMAND FOR LARGE-SCALE ENERGY STORAGE SOLUTIONS IN UTILITIES SECTOR TO SUPPORT SEGMENTAL GROWTH
TABLE 40 LARGE-SCALE: FLOW BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 41 LARGE-SCALE: FLOW BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 42 LARGE-SCALE: FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 43 LARGE-SCALE: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
9.3 SMALL-SCALE
9.3.1 INCREASING DEMAND FOR FLOW BATTERIES IN RESIDENTIAL APPLICATIONS TO DRIVE MARKET
TABLE 44 SMALL-SCALE: FLOW BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 45 SMALL-SCALE: FLOW BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
TABLE 46 SMALL-SCALE: FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 47 SMALL-SCALE: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
10 FLOW BATTERY MARKET, BY APPLICATION
10.1 INTRODUCTION
FIGURE 46 FLOW BATTERY MARKET, BY APPLICATION
FIGURE 47 UTILITIES SEGMENT TO CAPTURE LARGEST SHARE OF FLOW BATTERY MARKET IN 2028
TABLE 48 FLOW BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 49 FLOW BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
10.2 UTILITIES
10.2.1 INCREASING ADOPTION OF FLOW BATTERIES IN RENEWABLE ENERGY STORAGE SYSTEMS TO FUEL SEGMENTAL GROWTH
TABLE 50 UTILITIES: FLOW BATTERY MARKET, BY STORAGE, 2019–2022 (USD MILLION)
TABLE 51 UTILITIES: FLOW BATTERY MARKET, BY STORAGE, 2023–2028 (USD MILLION)
TABLE 52 UTILITIES: FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 53 UTILITIES: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
10.3 COMMERCIAL & INDUSTRIAL
10.3.1 INCREASING EMPHASIS ON IMPROVING POWER QUALITY IN COMMERCIAL AND INDUSTRIAL APPLICATIONS TO DRIVE MARKET
TABLE 54 COMMERCIAL & INDUSTRIAL: FLOW BATTERY MARKET, BY STORAGE, 2019–2022 (USD MILLION)
TABLE 55 COMMERCIAL & INDUSTRIAL: FLOW BATTERY MARKET, BY STORAGE, 2023–2028 (USD MILLION)
TABLE 56 COMMERCIAL & INDUSTRIAL: FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 57 COMMERCIAL & INDUSTRIAL: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
10.4 EV CHARGING STATIONS
10.4.1 GROWING FOCUS ON IMPLEMENTATION OF EV-CHARGING STATIONS TO SUPPORT MARKET
TABLE 58 EV CHARGING STATIONS: FLOW BATTERY MARKET, BY STORAGE, 2023–2028 (USD MILLION)
TABLE 59 EV CHARGING STATIONS: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
10.5 OTHER APPLICATIONS
TABLE 60 OTHER APPLICATIONS: FLOW BATTERY MARKET, BY STORAGE, 2019–2022 (USD MILLION)
TABLE 61 OTHER APPLICATIONS: FLOW BATTERY MARKET, BY STORAGE, 2023–2028 (USD MILLION)
TABLE 62 OTHER APPLICATIONS: FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 63 OTHER APPLICATIONS: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
11 FLOW BATTERY MARKET, BY REGION
11.1 INTRODUCTION
FIGURE 48 FLOW BATTERY MARKET, BY REGION
FIGURE 49 GEOGRAPHIC SNAPSHOT: FLOW BATTERY MARKET
TABLE 64 FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 65 FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
11.2 NORTH AMERICA
11.2.1 RECESSION IMPACT ON MARKET IN NORTH AMERICA
FIGURE 50 SNAPSHOT: FLOW BATTERY MARKET IN NORTH AMERICA
FIGURE 51 US TO ACCOUNT FOR LARGEST SHARE THROUGHOUT FORECAST PERIOD
TABLE 66 NORTH AMERICA: FLOW BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 67 NORTH AMERICA: FLOW BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 68 NORTH AMERICA: FLOW BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 69 NORTH AMERICA: FLOW BATTERY MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
TABLE 70 NORTH AMERICA: FLOW BATTERY MARKET, BY STORAGE, 2019–2022 (USD MILLION)
TABLE 71 NORTH AMERICA: FLOW BATTERY MARKET, BY STORAGE, 2023–2028 (USD MILLION)
TABLE 72 NORTH AMERICA: FLOW BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 73 NORTH AMERICA: FLOW BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.2.2 US
11.2.2.1 Government-led policies to boost decarbonization of multiple sectors
11.2.3 CANADA
11.2.3.1 Increased focus on integrating renewables to generate clean electricity to support flow battery growth
11.2.4 MEXICO
11.2.4.1 Government-led clean energy development projects to boost market growth
11.3 EUROPE
11.3.1 RECESSION IMPACT ON MARKET IN EUROPE
FIGURE 52 SNAPSHOT: FLOW BATTERY MARKET IN EUROPE
FIGURE 53 GERMANY TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 74 EUROPE: FLOW BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 75 EUROPE: FLOW BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 76 EUROPE: FLOW BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 77 EUROPE: FLOW BATTERY MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
TABLE 78 EUROPE: FLOW BATTERY MARKET, BY STORAGE, 2019–2022 (USD MILLION)
TABLE 79 EUROPE: FLOW BATTERY MARKET, BY STORAGE, 2023–2028 (USD MILLION)
TABLE 80 EUROPE: FLOW BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 81 EUROPE: FLOW BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.3.2 GERMANY
11.3.2.1 Rising focus on increasing clean energy production to foster market growth
11.3.3 UK
11.3.3.1 Growing use of flow batteries in commercial applications to drive market
11.3.4 FRANCE
11.3.4.1 Increasing focus on strengthening electric vehicle charging infrastructure to drive demand for flow batteries
11.3.5 REST OF EUROPE
11.4 ASIA PACIFIC
11.4.1 RECESSION IMPACT ON MARKET IN ASIA PACIFIC
FIGURE 54 SNAPSHOT: FLOW BATTERY MARKET IN ASIA PACIFIC
FIGURE 55 CHINA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
TABLE 82 ASIA PACIFIC: FLOW BATTERY MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 83 ASIA PACIFIC: FLOW BATTERY MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 84 ASIA PACIFIC: FLOW BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 85 ASIA PACIFIC: FLOW BATTERY MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
TABLE 86 ASIA PACIFIC: FLOW BATTERY MARKET, BY STORAGE, 2019–2022 (USD MILLION)
TABLE 87 ASIA PACIFIC: FLOW BATTERY MARKET, BY STORAGE, 2023–2028 (USD MILLION)
TABLE 88 ASIA PACIFIC: FLOW BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 89 ASIA PACIFIC: FLOW BATTERY MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
11.4.2 CHINA
11.4.2.1 Rising implementation of large-scale energy storage systems to boost market growth
11.4.3 JAPAN
11.4.3.1 Increasing focus on grid modernization to drive demand for flow batteries
11.4.4 INDIA
11.4.4.1 Growing investment in modernizing power sector to drive demand for flow batteries
11.4.5 AUSTRALIA
11.4.5.1 Increasing investments by utilities in flow battery projects to fuel market growth
11.4.6 REST OF ASIA PACIFIC
11.5 REST OF THE WORLD (ROW)
11.5.1 RECESSION IMPACT ON MARKET IN REST OF THE WORLD (ROW)
FIGURE 56 MIDDLE EAST & AFRICA TO DOMINATE FLOW BATTERY MARKET IN ROW DURING FORECAST PERIOD
TABLE 90 ROW: FLOW BATTERY MARKET, BY REGION, 2019–2022 (USD MILLION)
TABLE 91 ROW: FLOW BATTERY MARKET, BY REGION, 2023–2028 (USD MILLION)
TABLE 92 ROW: FLOW BATTERY MARKET, BY BATTERY TYPE, 2019–2022 (USD MILLION)
TABLE 93 ROW: FLOW BATTERY MARKET, BY BATTERY TYPE, 2023–2028 (USD MILLION)
TABLE 94 ROW: FLOW BATTERY MARKET, BY STORAGE, 2019–2022 (USD MILLION)
TABLE 95 ROW: FLOW BATTERY MARKET, BY STORAGE, 2023–2028 (USD MILLION)
TABLE 96 ROW: FLOW BATTERY MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 97 ROW: FLOW BATTERY MARKET BY APPLICATION, 2023–2028 (USD MILLION)
11.5.2 MIDDLE EAST & AFRICA
11.5.2.1 Increasing focus of battery manufacturers on expanding production capacity to drive market
11.5.3 SOUTH AMERICA
11.5.3.1 Increasing foreign investments to boost market growth
12 COMPETITIVE LANDSCAPE
12.1 INTRODUCTION
12.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 98 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
12.3 REVENUE ANALYSIS OF TOP 5 COMPANIES
FIGURE 57 FLOW BATTERY MARKET: REVENUE ANALYSIS OF 5 KEY PLAYERS, 2018–2022
12.4 MARKET SHARE ANALYSIS, 2022
TABLE 99 FLOW BATTERY MARKET DEGREE OF COMPETITION, 2022
FIGURE 58 SHARE OF KEY PLAYERS IN FLOW BATTERY MARKET, 2022
12.5 EVALUATION MATRIX FOR KEY COMPANIES, 2022
12.5.1 STARS
12.5.2 EMERGING LEADERS
12.5.3 PERVASIVE PLAYERS
12.5.4 PARTICIPANTS
FIGURE 59 FLOW BATTERY MARKET: EVALUATION MATRIX FOR KEY COMPANIES, 2022
12.6 EVALUATION MATRIX FOR SMES, 2022
12.6.1 PROGRESSIVE COMPANIES
12.6.2 RESPONSIVE COMPANIES
12.6.3 DYNAMIC COMPANIES
12.6.4 STARTING BLOCKS
FIGURE 60 FLOW BATTERY MARKET: EVALUATION MATRIX FOR SMES, 2022
12.7 FLOW BATTERY MARKET: COMPANY FOOTPRINT
TABLE 100 COMPANY FOOTPRINT
TABLE 101 APPLICATION: COMPANY FOOTPRINT
TABLE 102 REGIONAL: COMPANY FOOTPRINT
12.8 COMPETITIVE BENCHMARKING
TABLE 103 FLOW BATTERY MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 104 FLOW BATTERY MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
12.9 COMPETITIVE SCENARIOS AND TRENDS
12.9.1 FLOW BATTERY MARKET: PRODUCT LAUNCHES
12.9.2 FLOW BATTERY MARKET: DEALS
13 COMPANY PROFILES
(Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 KEY PLAYERS
13.1.1 SUMITOMO ELECTRIC INDUSTRIES, LTD.
TABLE 105 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY OVERVIEW
FIGURE 61 SUMITOMO ELECTRIC INDUSTRIES, LTD.: COMPANY SNAPSHOT
TABLE 106 SUMITOMO ELECTRIC INDUSTRIES, LTD.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 107 SUMITOMO ELECTRIC INDUSTRIES, LTD.: DEALS
TABLE 108 SUMITOMO ELECTRIC INDUSTRIES, LTD.: OTHERS
13.1.2 INVINITY ENERGY SYSTEMS
TABLE 109 INVINITY ENERGY SYSTEMS: COMPANY OVERVIEW
FIGURE 62 INVINITY ENERGY SYSTEMS: COMPANY SNAPSHOT
TABLE 110 INVINITY ENERGY SYSTEMS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 111 INVINITY ENERGY SYSTEMS: DEALS
13.1.3 ENEROX GMBH
TABLE 112 ENEROX GMBH: COMPANY OVERVIEW
TABLE 113 ENEROX GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 114 ENEROX GMBH: DEALS
TABLE 115 ENEROX GMBH: OTHERS
13.1.4 REDFLOW LIMITED
TABLE 116 REDFLOW LIMITED: COMPANY OVERVIEW
FIGURE 63 REDFLOW LIMITED: COMPANY SNAPSHOT
TABLE 117 REDFLOW LIMITED: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 118 REDFLOW LIMITED: DEALS
13.1.5 VRB ENERGY
TABLE 119 VRB ENERGY: COMPANY OVERVIEW
TABLE 120 VRB ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 121 VRB ENERGY: DEALS
13.1.6 ELESTOR BV
TABLE 122 ELESTOR BV: COMPANY OVERVIEW
TABLE 123 ELESTOR BV: PRODUCTS/SERVICES/SOLUTIONS OFFERED
13.1.7 ESS INC.
TABLE 124 ESS INC.: COMPANY OVERVIEW
TABLE 125 ESS INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 126 ESS INC.: PRODUCT LAUNCHES
TABLE 127 ESS INC.: DEALS
13.1.8 JENABATTERIES GMBH
TABLE 128 JENABATTERIES GMBH: COMPANY OVERVIEW
TABLE 129 JENABATTERIES GMBH: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 130 JENABATTERIES GMBH: OTHERS
13.1.9 LARGO INC.
TABLE 131 LARGO INC.: COMPANY OVERVIEW
FIGURE 64 LARGO INC.: COMPANY SNAPSHOT
TABLE 132 LARGO INC.: PRODUCTS/SERVICES/SOLUTIONS OFFERED
13.1.10 LOCKHEED MARTIN CORPORATION
TABLE 133 LOCKHEED MARTIN CORPORATION: COMPANY OVERVIEW
FIGURE 65 LOCKHEED MARTIN CORPORATION: COMPANY SNAPSHOT
TABLE 134 LOCKHEED MARTIN CORPORATION: PRODUCTS/SERVICES/SOLUTIONS OFFERED
TABLE 135 LOCKHEED MARTIN CORPORATION: DEALS
13.1.11 PRIMUS POWER SOLUTIONS
TABLE 136 PRIMUS POWER SOLUTIONS: COMPANY OVERVIEW
TABLE 137 PRIMUS POWER SOLUTIONS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
13.1.12 SCHMID GROUP
TABLE 138 SCHMID GROUP: COMPANY OVERVIEW
TABLE 139 SCHMID GROUP: PRODUCTS/SERVICES/SOLUTIONS OFFERED
13.1.13 STRYTEN ENERGY
TABLE 140 STRYTEN ENERGY: COMPANY OVERVIEW
TABLE 141 STRYTEN ENERGY: PRODUCTS/SERVICES/SOLUTIONS OFFERED
13.1.14 VIZN ENERGY SYSTEMS
TABLE 142 VIZN ENERGY SYSTEMS: COMPANY OVERVIEW
TABLE 143 VIZN ENERGY SYSTEMS: PRODUCTS/SERVICES/SOLUTIONS OFFERED
13.2 OTHER PLAYERS
13.2.1 DALIAN RONGKE ENERGY STORAGE TECHNOLOGY DEVELOPMENT CO., LTD.
13.2.2 H2, INC.
13.2.3 KEMIWATT
13.2.4 LE SYSTEM CO., LTD.
13.2.5 NANOFLOWCELL HOLDINGS PLC
13.2.6 STOREN TECHNOLOGIES
13.2.7 VANADIS POWER GMBH
13.2.8 VFLOWTECH PTE LTD.
13.2.9 VISBLUE A/S
13.2.10 VOLTERION DORTMUND
13.2.11 VOLTSTORAGE GMBH
13.2.12 VSUN ENERGY PTY LTD.
*Details on Business Overview, Products/Services/Solutions Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
14 ADJACENT AND RELATED MARKETS
14.1 INTRODUCTION
14.2 NICKEL CADMIUM BATTERY MARKET, BY REGION
14.2.1 INTRODUCTION
TABLE 144 NICKEL-CADMIUM BATTERY MARKET, BY REGION, 2018–2021 (USD MILLION)
TABLE 145 NICKEL-CADMIUM BATTERY MARKET, BY REGION, 2022–2027 (USD MILLION)
14.2.2 NORTH AMERICA
TABLE 146 NORTH AMERICA: NICKEL-CADMIUM BATTERY MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
TABLE 147 NORTH AMERICA: NICKEL-CADMIUM BATTERY MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
TABLE 148 NORTH AMERICA: NICKEL-CADMIUM BATTERY MARKET, BY END USER, 2018–2021 (USD MILLION)
TABLE 149 NORTH AMERICA: NICKEL-CADMIUM BATTERY MARKET, BY END USER, 2022–2027 (USD MILLION)
14.2.2.1 US
14.2.2.1.1 Rising adoption of Ni-Cd batteries in power grids for emergency backup to drive market
14.2.2.2 Canada
14.2.2.2.1 Increasing aircraft manufacturing activities to accelrate market growth
14.2.2.3 Mexico
14.2.2.3.1 Growing demand for energy storage to foster market growth
15 APPENDIX
15.1 INSIGHTS FROM INDUSTRY EXPERTS
15.2 DISCUSSION GUIDE
15.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.4 CUSTOMIZATION OPTIONS
15.5 RELATED REPORTS
15.6 AUTHOR DETAILSGY, 2023–2030 (USD MILLION)
10.3.4 GERMANY
10.3.4.1 Huge investments in technological developments and government initiatives to drive demand
10.3.5 FRANCE
10.3.5.1 Heavy demand for digitalization along with huge investments in R&D to drive growth
10.3.6 POLAND
10.3.6.1 Private and public sectors to rapidly adopt digital transformation solutions
10.3.7 SPAIN
10.3.7.1 Initiatives taken by government to promote widespread adoption of AI
10.3.8 ITALY
10.3.8.1 Rising adoption of cutting-edge technologies to drive growth
10.3.9 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET DRIVERS
10.4.2 ASIA PACIFIC: IMPACT OF RECESSION
TABLE 155 ASIA PACIFIC: PROMINENT PLAYERS
FIGURE 38 ASIA PACIFIC: MARKET SNAPSHOT
TABLE 156 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 157 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY OFFERING, 2023–2030 (USD MILLION)
TABLE 158 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY DEPLOYMENT MODE, 2018–2022 (USD MILLION)
TABLE 159 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY DEPLOYMENT MODE, 2023–2030 (USD MILLION)
TABLE 160 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 161 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY SERVICE, 2023–2030 (USD MILLION)
TABLE 162 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)
TABLE 163 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)
TABLE 164 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY BUSINESS FUNCTION, 2018–2022 (USD MILLION)
TABLE 165 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY BUSINESS FUNCTION, 2023–2030 (USD MILLION)
TABLE 166 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 167 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY VERTICAL, 2023–2030 (USD MILLION)
TABLE 168 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 169 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
TABLE 170 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY ASEAN COUNTRY, 2018–2022 (USD MILLION)
TABLE 171 ASIA PACIFIC: DIGITAL TRANSFORMATION MARKET, BY ASEAN COUNTRY, 2023–2030 (USD MILLION)
10.4.3 CHINA
10.4.3.1 Investments in infrastructure and advanced technologies to fuel adoption of digital transformation
TABLE 172 CHINA: DIGITAL TRANSFORMATION MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 173 CHINA: DIGITAL TRANSFORMATION MARKET, BY OFFERING, 2023–2030 (USD MILLION)
TABLE 174 CHINA: DIGITAL TRANSFORMATION MARKET, BY DEPLOYMENT MODE, 2018–2022 (USD MILLION)
TABLE 175 CHINA: DIGITAL TRANSFORMATION MARKET, BY DEPLOYMENT MODE, 2023–2030 (USD MILLION)
TABLE 176 CHINA: DIGITAL TRANSFORMATION MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)
TABLE 177 CHINA: DIGITAL TRANSFORMATION MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)
10.4.4 JAPAN
10.4.4.1 Investments in private and government sector to increase competitiveness
10.4.5 INDIA
10.4.5.1 Rapid adoption of modern technologies and investments by global players to drive growth
10.4.6 AUSTRALIA & NEW ZEALAND
10.4.6.1 Government initiatives to drive growth
10.4.7 SOUTH KOREA
10.4.7.1 Rapid adoption and government investments to enable growth
10.4.8 ASEAN COUNTRIES
10.4.8.1.1 Singapore
10.4.8.1.2 Malaysia
10.4.8.1.3 Indonesia
10.4.9 REST OF ASIA PACIFIC
10.5 MIDDLE EAST & AFRICA
10.5.1 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET DRIVERS
10.5.2 MIDDLE EAST & AFRICA: IMPACT OF RECESSION
TABLE 178 MIDDLE EAST & AFRICA: PROMINENT PLAYERS
TABLE 179 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 180 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY OFFERING, 2023–2030 (USD MILLION)
TABLE 181 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY DEPLOYMENT MODE, 2018–2022 (USD MILLION)
TABLE 182 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY DEPLOYMENT MODE, 2023–2030 (USD MILLION)
TABLE 183 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 184 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY SERVICE, 2023–2030 (USD MILLION)
TABLE 185 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)
TABLE 186 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)
TABLE 187 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY BUSINESS FUNCTION, 2018–2022 (USD MILLION)
TABLE 188 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY BUSINESS FUNCTION, 2023–2030 (USD MILLION)
TABLE 189 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 190 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY VERTICAL, 2023–2030 (USD MILLION)
TABLE 191 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 192 MIDDLE EAST & AFRICA: DIGITAL TRANSFORMATION MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
10.5.3 UAE
10.5.3.1 Investments by global players to drive adoption of digital transformation solutions
10.5.4 SOUTH AFRICA
10.5.4.1 Various government initiatives to encourage growth of digital transformation solutions
10.5.5 ISRAEL
10.5.5.1 Government support to propel growth of digital transformation
10.5.6 SAUDI ARABIA
10.5.6.1 Growing application of technologies across various industry verticals to drive growth
10.5.7 TURKEY
10.5.7.1 Initiatives by government to foster innovation and drive economic growth
10.5.8 REST OF MIDDLE EAST & AFRICA
10.5.8.1 Growing adoption of cloud technologies to boost digital transformation solutions
10.6 LATIN AMERICA
10.6.1 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET DRIVERS
10.6.2 LATIN AMERICA: IMPACT OF RECESSION
TABLE 193 LATIN AMERICA: PROMINENT PLAYERS
TABLE 194 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY OFFERING, 2018–2022 (USD MILLION)
TABLE 195 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY OFFERING, 2023–2030 (USD MILLION)
TABLE 196 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY DEPLOYMENT MODE, 2018–2022 (USD MILLION)
TABLE 197 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY DEPLOYMENT MODE, 2023–2030 (USD MILLION)
TABLE 198 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY SERVICE, 2018–2022 (USD MILLION)
TABLE 199 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY SERVICE, 2023–2030 (USD MILLION)
TABLE 200 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)
TABLE 201 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY TECHNOLOGY, 2023–2030 (USD MILLION)
TABLE 202 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY BUSINESS FUNCTION, 2018–2022 (USD MILLION)
TABLE 203 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY BUSINESS FUNCTION, 2023–2030 (USD MILLION)
TABLE 204 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY VERTICAL, 2018–2022 (USD MILLION)
TABLE 205 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY VERTICAL, 2023–2030 (USD MILLION)
TABLE 206 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY COUNTRY, 2018–2022 (USD MILLION)
TABLE 207 LATIN AMERICA: DIGITAL TRANSFORMATION MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
10.6.3 BRAZIL
10.6.3.1 Enhanced customer experience and customized products and services to drive market
10.6.4 MEXICO
10.6.4.1 Various government investments and initiatives to boost demand for digital transformation
10.6.5 ARGENTINA
10.6.5.1 Rising adoption of artificial intelligence to improve decision-making and boost market growth
10.6.6 CHILE
10.6.6.1 Leveraging digital technologies to enhance its economic competitiveness
10.6.7 REST OF LATIN AMERICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 208 OVERVIEW OF STRATEGIES DEPLOYED BY KEY PLAYERS IN DIGITAL TRANSFORMATION MARKET
11.3 HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS
FIGURE 39 HISTORICAL REVENUE ANALYSIS OF TOP PLAYERS, 2020–2022 (USD MILLION)
11.4 MARKET SHARE ANALYSIS
FIGURE 40 DIGITAL TRANSFORMATION MARKET: MARKET SHARE ANALYSIS
TABLE 209 DIGITAL TRANSFORMATION MARKET: DEGREE OF COMPETITION
11.5 COMPANY EVALUATION MATRIX
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
FIGURE 41 KEY DIGITAL TRANSFORMATION MARKET PLAYERS, COMPANY EVALUATION MATRIX, 2022
11.6 STARTUPS AND SMES EVALUATION MATRIX
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
FIGURE 42 DIGITAL TRANSFORMATION MARKET EVALUATION MATRIX FOR STARTUPS AND SMES, 2022
11.7 COMPETITIVE BENCHMARKING
TABLE 210 DIGITAL TRANSFORMATION MARKET: DETAILED LIST OF KEY STARTUPS/SMES
TABLE 211 DIGITAL TRANSFORMATION MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS
TABLE 212 DIGITAL TRANSFORMATION MARKET: COMPETITIVE BENCHMARKING OF STARTUPS/SMES
11.8 COMPETITIVE SCENARIO
11.8.1 PRODUCT LAUNCHES
TABLE 213 PRODUCT LAUNCHES, 2018–2023
11.8.2 DEALS
TABLE 214 DEALS, 2018–2023
11.8.3 OTHERS
TABLE 215 OTHERS, 2018–2022
12 COMPANY PROFILES
12.1 INTRODUCTION
12.2 KEY PLAYERS
(Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Key strengths, Strategic choices, and Weaknesses and competitive threats)*
12.2.1 MICROSOFT
TABLE 216 MICROSOFT: BUSINESS OVERVIEW
FIGURE 43 MICROSOFT: COMPANY SNAPSHOT
TABLE 217 MICROSOFT: SOLUTIONS OFFERED
TABLE 218 MICROSOFT: SERVICES OFFERED
TABLE 219 MICROSOFT: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 220 MICROSOFT: DEALS
12.2.2 IBM
TABLE 221 IBM: BUSINESS OVERVIEW
FIGURE 44 IBM: COMPANY SNAPSHOT
TABLE 222 IBM: SOLUTIONS OFFERED
TABLE 223 IBM: SERVICES OFFERED
TABLE 224 IBM: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 225 IBM: DEALS
TABLE 226 IBM: OTHERS
12.2.3 SAP
TABLE 227 SAP: BUSINESS OVERVIEW
FIGURE 45 SAP: COMPANY SNAPSHOT
TABLE 228 SAP: SOLUTIONS OFFERED
TABLE 229 SAP: SERVICES OFFERED
TABLE 230 SAP: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 231 SAP: DEALS
TABLE 232 SAP: OTHERS
12.2.4 ORACLE
TABLE 233 ORACLE: BUSINESS OVERVIEW
FIGURE 46 ORACLE: COMPANY SNAPSHOT
TABLE 234 ORACLE: SOLUTIONS OFFERED
TABLE 235 ORACLE: SERVICES OFFERED
TABLE 236 ORACLE: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 237 ORACLE: DEALS
TABLE 238 ORACLE: OTHERS
12.2.5 GOOGLE
TABLE 239 GOOGLE: BUSINESS OVERVIEW
FIGURE 47 GOOGLE: COMPANY SNAPSHOT
TABLE 240 GOOGLE: SOLUTIONS OFFERED
TABLE 241 GOOGLE: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 242 GOOGLE: DEALS
12.2.6 SALESFORCE
TABLE 243 SALESFORCE: BUSINESS OVERVIEW
FIGURE 48 SALESFORCE: COMPANY SNAPSHOT
TABLE 244 SALESFORCE: SOLUTIONS OFFERED
TABLE 245 SALESFORCE: SERVICES OFFERED
TABLE 246 SALESFORCE: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 247 SALESFORCE: DEALS
12.2.7 HPE
TABLE 248 HPE: BUSINESS OVERVIEW
FIGURE 49 HPE: COMPANY SNAPSHOT
TABLE 249 HPE: SOLUTIONS OFFERED
TABLE 250 HPE: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 251 HPE: DEALS
TABLE 252 HPE: OTHERS
12.2.8 ADOBE
TABLE 253 ADOBE: BUSINESS OVERVIEW
FIGURE 50 ADOBE: COMPANY SNAPSHOT
TABLE 254 ADOBE: SOLUTIONS OFFERED
TABLE 255 ADOBE: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 256 ADOBE: DEALS
12.2.9 BAIDU
TABLE 257 BAIDU: BUSINESS OVERVIEW
FIGURE 51 BAIDU: COMPANY SNAPSHOT
TABLE 258 BAIDU: SOLUTIONS OFFERED
TABLE 259 BAIDU: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 260 BAIDU: DEALS
12.2.10 HCL TECHNOLOGIES
TABLE 261 HCL TECHNOLOGIES: BUSINESS OVERVIEW
FIGURE 52 HCL TECHNOLOGIES: COMPANY SNAPSHOT
TABLE 262 HCL TECHNOLOGIES: SOLUTIONS OFFERED
TABLE 263 HCL TECHNOLOGIES: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 264 HCL TECHNOLOGIES: DEALS
12.2.11 EY
TABLE 265 EY: BUSINESS OVERVIEW
FIGURE 53 EY: COMPANY SNAPSHOT
TABLE 266 EY: SERVICES OFFERED
TABLE 267 EY: DEALS
12.2.12 COGNIZANT
TABLE 268 COGNIZANT: BUSINESS OVERVIEW
FIGURE 54 COGNIZANT: COMPANY SNAPSHOT
TABLE 269 COGNIZANT: SERVICES OFFERED
TABLE 270 COGNIZANT: DEALS
12.2.13 ACCENTURE
TABLE 271 ACCENTURE: BUSINESS OVERVIEW
FIGURE 55 ACCENTURE: COMPANY SNAPSHOT
TABLE 272 ACCENTURE: SERVICES OFFERED
TABLE 273 ACCENTURE: DEALS
12.2.14 BROADCOM
TABLE 274 BROADCOM: BUSINESS OVERVIEW
FIGURE 56 BROADCOM: COMPANY SNAPSHOT
TABLE 275 BROADCOM: SOLUTIONS OFFERED
TABLE 276 BROADCOM: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 277 BROADCOM: DEALS
12.2.15 EQUINIX
TABLE 278 EQUINIX: BUSINESS OVERVIEW
FIGURE 57 EQUINIX: COMPANY SNAPSHOT
TABLE 279 EQUINIX: SOLUTIONS OFFERED
TABLE 280 EQUINIX: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 281 EQUINIX: DEALS
TABLE 282 EQUINIX: OTHERS
12.2.16 ALIBABA
TABLE 283 ALIBABA: BUSINESS OVERVIEW
TABLE 284 ALIBABA: SOLUTIONS OFFERED
TABLE 285 ALIBABA: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 286 ALIBABA: DEALS
TABLE 287 ALIBABA: OTHERS
12.2.17 TIBCO SOFTWARE
TABLE 288 TIBCO SOFTWARE: BUSINESS OVERVIEW
TABLE 289 TIBCO SOFTWARE: SOLUTIONS OFFERED
TABLE 290 TIBCO SOFTWARE: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 291 TIBCO SOFTWARE: DEALS
12.2.18 MARLABS
TABLE 292 MARLABS: BUSINESS OVERVIEW
TABLE 293 MARLABS: SOLUTIONS OFFERED
TABLE 294 MARLABS: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 295 MARLABS: DEALS
TABLE 296 MARLABS: OTHERS
12.3 SMES AND STARTUPS
12.3.1 ALCOR SOLUTIONS
12.3.2 SMARTSTREAM
12.3.3 YASH TECHNOLOGIES
12.3.4 INTERFACING
12.3.5 DEMPTON CONSULTING GROUP
12.3.6 KISSFLOW
12.3.7 EMUDHRA
12.3.8 PROCESSMAKER
12.3.9 PROCESS STREET
12.3.10 HAPPIEST MINDS
12.3.11 SCORO
12.3.12 BRILLIO
12.3.13 AEXONIC TECHNOLOGIES
12.3.14 CLOUD ANGLES
12.3.15 MAGNETAR IT
12.3.16 SCITARA
12.3.17 INTRINSIC
12.3.18 SOUNDFUL
*Details on Business overview, Products/Solutions/Services offered, Recent developments, MnM view, Key strengths, Strategic choices, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
13 APPENDIX
13.1 ADJACENT AND RELATED MARKETS
13.1.1 INTRODUCTION
13.1.2 CLOUD COMPUTING MARKET—GLOBAL FORECAST TO 2027
13.1.2.1 Market definition
13.1.2.2 Market overview
13.1.2.2.1 Cloud computing market, by service model
TABLE 297 CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2017–2021 (USD BILLION)
TABLE 298 CLOUD COMPUTING MARKET, BY SERVICE MODEL, 2022–2027 (USD BILLION)
13.1.2.2.2 Cloud computing market, by deployment model
TABLE 299 CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2017–2021 (USD BILLION)
TABLE 300 CLOUD COMPUTING MARKET, BY DEPLOYMENT MODEL, 2022–2027 (USD BILLION)
13.1.2.2.3 Cloud computing market, by organization size
TABLE 301 CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2017–2021 (USD BILLION)
TABLE 302 CLOUD COMPUTING MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)
13.1.2.2.4 Cloud computing market, by industry vertical
TABLE 303 CLOUD COMPUTING MARKET, BY VERTICAL, 2017–2021 (USD BILLION)
TABLE 304 CLOUD COMPUTING MARKET, BY VERTICAL, 2022–2027 (USD BILLION)
13.1.2.2.5 Cloud computing market, by region
TABLE 305 CLOUD COMPUTING MARKET, BY REGION, 2017–2021 (USD BILLION)
TABLE 306 CLOUD COMPUTING MARKET, BY REGION, 2022–2027 (USD BILLION)
13.1.3 ARTIFICIAL INTELLIGENCE MARKET—GLOBAL FORECAST TO 2027
13.1.3.1 Market definition
13.1.3.2 Market overview
13.1.3.2.1 Artificial intelligence market, by offering
TABLE 307 ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2016–2021 (USD BILLION)
TABLE 308 ARTIFICIAL INTELLIGENCE MARKET, BY OFFERING, 2022–2027 (USD BILLION)
13.1.3.2.2 Artificial intelligence market, by deployment type
TABLE 309 ARTIFICIAL INTELLIGENCE MARKET, BY DEPLOYMENT TYPE, 2016–2021 (USD BILLION)
TABLE 310 ARTIFICIAL INTELLIGENCE MARKET, BY DEPLOYMENT TYPE, 2022–2027 (USD BILLION)
13.1.3.2.3 Artificial intelligence market, by organization size
TABLE 311 ARTIFICIAL INTELLIGENCE MARKET, BY ORGANIZATION SIZE, 2016–2021 (USD BILLION)
TABLE 312 ARTIFICIAL INTELLIGENCE MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD BILLION)
13.1.3.2.4 Artificial intelligence market, by technology
TABLE 313 ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2016–2021 (USD BILLION)
TABLE 314 ARTIFICIAL INTELLIGENCE MARKET, BY TECHNOLOGY, 2022–2027 (USD BILLION)
13.1.3.2.5 Artificial intelligence market, by industry vertical
TABLE 315 ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2016–2021 (USD BILLION)
TABLE 316 ARTIFICIAL INTELLIGENCE MARKET, BY VERTICAL, 2022–2027 (USD BILLION)
13.1.3.2.6 Artificial intelligence market, by region
TABLE 317 ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2016–2021 (USD BILLION)
TABLE 318 ARTIFICIAL INTELLIGENCE MARKET, BY REGION, 2022–2027 (USD BILLION)
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 CUSTOMIZATION OPTIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
