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  • Published In : Jun 2023
  • Code : CMI5881
  • Pages : 145
  • Formats :
      Excel and PDF
  • Industry : Semiconductors
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A flow battery is an electrochemical storage system that uses differences in oxidation states of metals to store energy. Unlike lithium-ion batteries that use solid electrodes, flow battery cells feature liquid electrolytes that store energy in tanks external to the battery cell. As the battery is used, the electrolyte flows through the electrodes and a membrane to create direct current (DC) electricity that runs through an inverter for conversion to alternating current power. The battery can be recharged simply by pumping the used electrolyte back to the tank. Flow batteries are available in a variety of chemistries, with vanadium redox flow batteries leading the way due to their proven performance and low risk to human health exposure.

Market Dynamics:

The increasing focus on reducing carbon emissions by using environment-friendly technologies for generating electricity is anticipated to propel growth of the global flow battery market over the forecast period. This is mainly because the use of fossil fuels results in high levels of CO2 emission which has several harmful effects on the environment.

However, high capital investment and strong competition against conventional battery providers is likely to hinder growth of the global flow battery market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of the global flow battery market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global flow battery market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include VRB Energy, H2 Inc., ESS Tech Inc., Stryten Energy, Vanadis Power GmbH, CellCube Energy Storage Systems Inc., Primus Power Corporation, Dalian Rongke Power Co. Ltd., RedFlow Ltd., and Invinity Energy Systems PLC
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global flow battery market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global flow battery market

Detailed Segmentation:

  • Global Flow Battery Market, By Type:
    • Vanadium Redox Flow Battery
    • Zinc Bromine Flow Battery
    • Iron Flow Battery
    • Zinc Iron Flow Battery
  • Global Flow Battery Market, By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa
  • Company Profiles:
    • VRB Energy
    • ESS Tech Inc.
    • Vanadis Power GmbH
    • Primus Power Corporation
    • RedFlow Ltd.
    • Invinity Energy Systems PLC
    • Dalian Rongke Power Co. Ltd
    • CellCube Energy Storage Systems Inc.
    • Stryten Energy
    • H2 Inc.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Flow Battery, By Type
      • Market Flow Battery, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Rising adoption of renewable energy
        • Investments in aspiring wind and solar energy targets
      • Restraints
        • Decline in cost and rise in adoption of lithium-ion batteries
        • Need for high capital investment for flow battery production
      • Opportunities
        • Increasing development of advanced and novel flow battery chemistries
    • Impact Analysis
    • Key Highlights
    • Regulatory Scenario
    • Product launch/Approvals
    • PEST Analysis
    • PORTER’s Analysis
    • Merger and Acquisition Scenario
  4. Global Flow Battery Market – Impact of Coronavirus (COVID-19) Pandemic
    • COVID-19 Epidemiology
    • Supply Side and Demand Side Analysis
    • Economic Impact
  5. Global Flow Battery Market, By Type, 2018-2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, 2018 – 2030
      • Segment Trends
    • Vanadium Redox Flow Battery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
    • Zinc Bromine Flow Battery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
    • Iron Flow Battery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
    • Zinc Iron Flow Battery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2023-2030,(US$ Mn)
  6. Global Flow Battery Market, By Region, 2018-2030, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Country, 2023 and 2030 (%)
      • Y-o-Y Growth Analysis, For Country 2018–2030
      • Country Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2023-2030,(US$ Mn)
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2023-2030,(US$ Mn)
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2023-2030,(US$ Mn)
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2023-2030,(US$ Mn)
    • Middle East & Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, By Type, 2023-2030,(US$ Mn)
  7. Competitive Landscape
    • VRB Energy
      • Company Highlights
      • Product Portfolio
      • Key Developments
      • Financial Performance
      • Strategies
    • ESS Tech Inc.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Vanadis Power GmbH
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Primus Power Corporation
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • RedFlow Ltd.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Invinity Energy Systems PLC
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Dalian Rongke Power Co. Ltd
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • CellCube Energy Storage Systems Inc.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Stryten Energy
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • H2 Inc.
      • Company Highlights
      • Product Portfolio
      • Key Highlights
      • Financial Performance
      • Strategies
    • Analyst Views
  8. Section
    • Research Methodology
    • About us

*Browse 24 market data tables and 28 figures on “Global Flow Battery Market” - Global forecast to 2030

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