Zinc-Bromine Battery Market: Enhancing Storage in Renewable Energy Systems
Zinc-bromine batteries are serving as a cost-effective, safe, and sustainable alternative to lithium-ion batteries. Companies in the zinc-bromine battery market are innovating on battery-integrated portable and automated solar light towers for various commercial applications.
Due to the increasing demand for large storage capacities in batteries, manufacturers are developing installations with battery-integrated light poles that leverage storage capacities in rooftop solar PV systems. Manufacturers in the zinc-bromine battery market are making increased efforts to develop innovative battery storage solutions to help renewable energy systems reach their full potential. Consumers are gravitating towards zinc-bromine batteries, as the chemistry of these two elements eliminates the need for additional cooling.
A lot of start-ups are officially launching novel battery installations in the zinc-bromine battery market. For instance, in February 2018, Gelion Technology - an Australian battery manufacturer, announced the launch of Gelion Endure - a zinc-bromine gel battery that provides flexibility in initial outlay and low-cost ownership to consumers.
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Flow Batteries Efficient for Large-scale Power Supply to Cities and Utilities
In the zinc-bromine battery market, the utilities sector is projected for an increase in revenue during the forecast period. Since the utilities sector currently accounts for ~73% of the market share, the highest amongst all sectors, manufacturers are developing novel zinc-bromine batteries that support this infrastructure.
With the growing adoption of wind and solar energy, manufacturers in the zinc-bromine battery landscape are solving the issue of storage in renewable energy systems with the help of flow batteries. Manufacturers of vanadium and zinc-bromine infused flow batteries are capitalizing on the increasing demand for efficacious batteries that are capable of supplying electricity to thousands of homes, with the added flexibility of long hours of supply.
Manufacturers in the zinc-bromine battery market are developing a new generation of flow batteries that harness solar and wind energy on a grand scale. These batteries serve as an effective alternative to lithium-ion batteries, as these batteries cannot provide backup power for cities and other large-scale industrial environments.
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Manufacturers Compete with Lithium-ion Batteries for Opportunities in Future Applications
Flow batteries have many advantages as compared to lithium-ion batteries. However, manufacturers in the zinc-bromine battery market need to compete with the market penetration and diversity in commercial applications of lithium-ion batteries. The zinc-bromine battery market is highly consolidated. This makes it challenging for emerging market players to gain successful penetration in the zinc-bromine battery market, even after introducing innovative offerings. As consumers are hesitant in trying out new offerings in zinc-bromine batteries, established and emerging market players also prefer to stick to safe shores and scale up on lithium-ion batteries, as lithium batteries are integrated in a wide range of commercial products. Manufacturers are trying to overcome this hurdle by introducing flow batteries with vanadium-based technology to gain more opportunities in future applications.
Another challenge that manufacturers in the zinc-bromine battery market come across is the degradation of batteries. Since hybrid flow batteries such as zinc-bromine or zinc-iron function on the solid-liquid electromechanical reaction, it leads to degradation of the batteries and increases resistance. As such, manufacturers are developing flow batteries with improved designs that focus on serving the needs of consumers for minimized installation time.
