Flow Batteries: Global Markets
Report Scope
This report analyzes the flow battery market by battery type, battery material, deployment, application and end-use industries. Additionally, the report discusses the technological, regulatory, competitive and economic trends that impact the market. The analyst has included a patent analysis for the flow battery market, which depicts a strong investment prospect for investors. It analyzes emerging technologies, the impact of COVID-19, and the competitive landscape, which enables the reader to understand the global market. The report concludes by looking at environmental, social and governance (ESG) developments and by providing detailed profiles of the major manufacturers of flow batteries.
The report also includes analysis by region (North America, Europe, Asia-Pacific, South America, and the Middle East and Africa) and by country (the U.S., Germany, the U.K., and China), using 2023 as a base year. Estimates are provided for 2024, and market values are forecast through 2029. All market values are in dollar ($) millions. The report excludes the automotive industry as an end-use industry, specifically the transportation sector, which involves the EV industry.
Report Includes
51 data tables and 50 additional tables
An overview of the technical and business aspects of the global market for flow batteries
Analyses of global market trends, with market revenue data for 2023, estimates for 2024, forecast for 2025 and 2027, and projected CAGRs through 2029
Estimates of the size and revenue prospects of the global market, along with a market share analysis by battery type, battery material, deployment type, application, end-use, and region
Facts and figures pertaining to the market dynamics, technical advances, regulations, innovations, and the impact of macroeconomic factors
Insights from a Porter’s Five Forces model, and global value chain and PESTLE analyses
Patent analysis, emerging trends and technologies, and new developments
Analysis of the industry structure, including companies’ market shares and global rankings, strategic alliances, M&A activity and a venture funding outlook
Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes and the ESG scores and practices of leading companies
Company profiles of leading players, including Sumitomo Electric Industries Ltd., Invinity Energy Systems, ESS Tech Inc., Rongke Power and Redflow Ltd.
Companies Mentioned
ENEROX GMBH
ESS TECH INC.
INVINITY ENERGY SYSTEMS
LARGO INC.
PRIMUS POWER
REDFLOW LTD.
RKP DALIAN RONGKE ENERGY STORAGE TECHNOLOGY DEVELOPMENT CO. LTD.
STRYTEN ENERGY
SUMITOMO ELECTRIC INDUSTRIES LTD.
THORION ENERGY
VIZN ENERGY SYSTEMS
VOLTSTORAGE
VRB ENERGY
- Chapter 1 Executive Summary
- Market Outlook
- Scope of Report
- Market Summary
- Market Dynamics and Growth Factors
- Analysis by Segment
- Regional Insights and Emerging Markets
- Conclusion
- Chapter 2 Market Overview
- Market Overview and Future Scenarios
- Value Chain Analysis
- Raw Material Extraction
- Material Processing
- Component Manufacturers
- Product Assembly
- End-Use Applications and Integration
- Battery Recycling and Disposal
- Porter's Five Forces Model
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Potential for New Entrants
- Competition in the Industry
- Threat of Substitutes
- Impact of Russia-Ukraine War
- PESTLE Analysis
- Chapter 3 Market Dynamics
- Overview
- Market Drivers
- Preference for Flow Batteries over Conventional Batteries
- Use of Flow Batteries by Utilities
- Increasing Renewable Power Generation
- Market Restraints
- High Upfront Investment Cost
- Volatility in the Price of Vanadium
- Market Opportunities
- Grid Modernization
- Technological Developments
- Public and Private Investments
- Market Trends
- Demand for Long-Duration Battery Storage Technologies
- Supportive Government Regulations
- Chapter 4 Emerging Technologies and Developments
- Overview
- Emerging Battery Materials
- Emerging Technologies in Flow Battery Development
- Iron Flow Batteries
- Iron-Chromium Redox Flow Batteries
- Patent Analysis
- Overview
- Key Patents
- Key Takeaways
- Chapter 5 Market Segmentation Analysis
- Breakdown by Segment
- Global Flow Battery Market, by Battery Type
- Redox
- Hybrid
- Global Flow Battery Market, by Battery Material
- Vanadium
- Zinc-Bromine
- Other Battery Materials
- Global Flow Battery Market, by Deployment Type
- Small-Scale
- Large-Scale
- Global Flow Battery Market, by Application
- Load Shifting
- Peaking Capacity
- Microgrid Formation
- Others
- Global Flow Battery Market, by End Use
- Utilities
- Commercial and Industrial
- Residential
- Geographic Breakdown
- Global Flow Battery Market, by Region
- North America
- Europe
- Asia-Pacific
- Rest of World
- Chapter 6 Competitive Intelligence
- Market Ranking
- Recent Developments
- Chapter 7 Sustainability in the Flow Battery Market: An ESG Perspective
- Overview
- Environmental Impact
- Social Impact
- Governance Impact
- Status of ESG in the Flow Battery Industry
- Case Studies Successful Implementations of ESG
- Invinity Energy Systems
- Sumitomo Electric Industries Ltd.
- StorEn Technologies
- Enerox GmbH
- Consumer Attitudes Towards ESG
- Concluding Remarks from BCC
- Chapter 8 Appendix
- Methodology
- Research Steps
- References
- Abbreviations
- Company Profiles
- ENEROX GMBH
- ESS TECH INC.
- INVINITY ENERGY SYSTEMS
- LARGO INC.
- PRIMUS POWER
- REDFLOW LTD.
- RKP DALIAN RONGKE ENERGY STORAGE TECHNOLOGY DEVELOPMENT CO. LTD.
- STRYTEN ENERGY
- SUMITOMO ELECTRIC INDUSTRIES LTD.
- THORION ENERGY
- VIZN ENERGY SYSTEMS
- VOLTSTORAGE
- VRB ENERGY
- Small Players in the Global Flow Battery Market
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