The Global Market for Redox Flow Batteries 2024-2034
The redox flow battery market shows strong potential for significant expansion as a long-duration, sustainable energy storage solution able to uniquely meet demands emerging across utility, C&I, EV infrastructure, telecom and off-grid sectors. The Global Market for Redox Flow Batteries 2024-2034 provides a comprehensive analysis of the global market ranging from detailed technology overviews, current installed base and value chain, competitive landscape, regional market revenues and segmental forecasts to 2034, growth drivers and limitations.
The report offers insightful breakdowns covering all major flow battery chemistries including vanadium, zinc-bromine, iron-chromium, all-iron, zinc-iron, hydrogen-bromine, hydrogen-manganese and emerging organic types. Historical global market figures are provided along with granular 10-year annual growth projections by battery chemistry, key geography and major end use case markets like utility storage, behind-the-meter, UPS systems, EV infrastructure, remote area microgrids and telecom backup.
Additionally, the report outlines growth opportunities, trends, challenges, recent funding activities and actual fielded project examples in detail, equipping strategic decision makers with unparalleled insights into the next frontier of sustainable energy storage.
Report contents include:
Technology Overviews
Operating principles
Chemistry types - vanadium, zinc-bromine, polysulfide bromine, iron-chromium, all-iron, zinc-iron, hydrogen-based
Emerging concepts - semi-solid, solar integration, metal-CO2
Hybrid flow batteries
Market Analysis
Drivers and trends
Installed base and outlook to 2034
Value chain assessment
Recent news and funding developments
Global installed sites and projects
Competitor landscape
SWOT analysis
Cost structure comparisons
Applications roadmap
Segment market sizes by end-use case
Company Profiles
50+ manufacturers covered. Companies covered include CellCube, Cerq, CMBlu Energy AG, Dalian Rongke Power, Invinity Energy Systems, StorEn Technologies, Sumitomo Electric etc. (Full list of companies in table of contents)
Overviews, value propositions
Technical partnerships -Installed base and capabilities
Market Data and Forecasts
2018-2034 granular projections
Revenues by chemistry type
End-use case market sizes
Regional market outlook
Growth Opportunities and Challenges
Scenario analysis
Future applications
Limitations to address
- INTRODUCTION
- Flow Battery Principles
- Advantages and disadvantages
- Table Advantages and disadvantages of flow batteries.
- Types
- Table Comparison of different battery types.
- Redox flow batteries
- Table Summary of main flow battery types.
- Table Vanadium redox flow batteries (VRFB)-key features, advantages, limitations, performance, components and applications.
- Table Market players in Vanadium redox flow batteries (VRFB).
- Table Zinc-bromine (ZnBr) flow batteries-key features, advantages, limitations, performance, components and applications.
- Table Market players in Zinc-Bromine Flow Batteries (ZnBr).
- Table Polysulfide bromine flow batteries (PSB)-key features, advantages, limitations, performance, components and applications.
- Table Iron-chromium (ICB) flow batteries-key features, advantages, limitations, performance, components and applications.
- Table Market players in Iron-chromium (ICB) flow batteries.
- Table All-Iron flow batteries-key features, advantages, limitations, performance, components and applications.
- Table Market players in All-iron Flow Batteries.
- Table Zinc-iron (Zn-Fe) flow batteries-key features, advantages, limitations, performance, components and applications.
- Table Market players in Zinc-iron (Zn-Fe) Flow Batteries.
- Table Hydrogen-bromine (H-Br) flow batteries-key features, advantages, limitations, performance, components and applications.
- Table Market players in Hydrogen-bromine (H-Br) flow batteries.
- Table Hydrogen-Manganese (H-Mn) flow batteries-key features, advantages, limitations, performance, components and applications.
- Table Market players in Hydrogen-Manganese (H-Mn) Flow Batteries.
- Table Materials in Organic Redox Flow Batteries (ORFB).
- Table Key Active species for ORFBs
- Table Organic flow batteries-key features, advantages, limitations, performance, components and applications.
- Table Market players in Organic Redox Flow Batteries (ORFB).
- Emerging Flow-Batteries
- Semi-Solid Redox Flow Batteries
- Solar Redox Flow Batteries
- Air-Breathing Sulfur Flow Batteries
- Metal–CO2 Batteries
- Hybrid Flow Batteries
- Table Zinc-Cerium Hybrid flow batteries-key features, advantages, limitations, performance, components and applications.
- Table Zinc-Polyiodide Hybrid Flow batteries-key features, advantages, limitations, performance, components and applications.
- Table Zinc-Nickel Hybrid Flow batteries-key features, advantages, limitations, performance, components and applications.
- Table Zinc-Bromine Hybrid Flow batteries-key features, advantages, limitations, performance, components and applications.
- Table Vanadium-Polyhalide Hybrid Flow batteries-key features, advantages, limitations, performance, components and applications.
- MARKET ANALYSIS
- Market drivers
- Table Market drivers for redox flow batteries.
- Market trends
- Table Market trends in redox flow batteries.
- Current market and outlook
- Value chain
- Table Redox flow battery value chain.
- Recent market news, funding and developments
- Table Recent market news, funding and developments in redox flow batteries.
- Redox flow battery installations
- Table Redox flow battery installations, current and planned.
- Competitive landscape
- SWOT analysis
- Cost analysis
- Table Cost structure for redox flow battery systems.
- Table Cost Comparison of Chemistries.
- Applications roadmap
- End Use Markets
- Utility grid energy storage
- Table Applications of redox flow batteries in Utility Grid Energy Storage.
- Table Market players in redox flow batteries in Utility Grid Energy Storage.
- Renewable energy storage
- Table Application of flow batteries in renewable energy storage.
- Table Market players in redox flow batteries in Renewable Energy Storage.
- UPS and backup systems
- Table Application of flow batteries in UPS and backup systems.
- Table Market players in redox flow batteries in UPS and backup systems.
- Telecom network energy storage
- Table Application of flow batteries in Telecom Network Energy Storage.
- Table Market players in redox flow batteries in Telecom network energy storage.
- Electric vehicle charging
- Table Application of flow batteries in Electric vehicle charging.
- Residential and C&I Storage
- Table Applications of flow batteries in Residential and C&I Storage.
- Table Market players in redox flow batteries in Residential and C&I Storage.
- Other
- Table Other markets and applications for redox flow batteries.
- Utility grid energy storage
- Global revenues for flow batteries, 2018-2034
- By type
- Table Global revenues for redox flow batteries, 2018-2034, by type (millions USD).
- By end-use market
- Table Global revenues for redox flow batteries, 2018-2034, by end-use market (millions USD).
- By region
- Table Global revenues for flow batteries, 2018-2034, by region (millions USD).
- By type
- Market challenges
- Table Market challenges in redox flow batteries.
- Market drivers
- COMPANY PROFILES
- Agora Energy Technologies Ltd.
- Allegro Energy Pty. Ltd.
- Australian Vanadium Limited
- Australia VRFB ESS Company (AVESS)
- Big Pawer
- CEC Science & Technology Co., Ltd
- CellCube
- Cerq
- CMBlu Energy AG
- Dalian Rongke Power
- Elestor
- Energy Storage Industries
- ESS Tech
- Gelion Technologies
- Green Energy Storage S.r.l. (GES)
- H2 Inc.
- HydraRedox Iberia S.L.
- Invinity Energy Systems
- Jolt Energy Storage Solutions
- Kemiwatt
- Korid Energy / AVESS
- Largo, Inc.
- Le System Co., Ltd
- LIVA Power Management Systems GmbH
- nanoFlocell
- Nuriplan Co., Ltd.
- Pinflow Energy Storage
- Primus Power
- Prolux Solutions
- Quino Energy
- Redox One
- RedFlow
- RFC Power Limited
- Salgenx
- SCHMID Group (Everflow)
- Shanghai Electric Energy Storage Technology
- Shen-Li High Tech
- StorEn Technologies
- Stryten Energy
- Sumitomo Electric
- Thorion Energy
- thyssenkrupp
- VanadiumCorp Resource Inc.
- Vanevo GmbH
- VFlowTech
- Visblue A/S
- ViZn Energy Systems Inc
- Volterion GmbH
- VoltStorage GmbH
- VRB Energy
- WattJoule
- WeView
- RESEARCH METHODOLOGY
- REFERENCES
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