Global Flow Battery Market Growth 2025-2031

Global Flow Battery Market Growth 2025-2031

The global Flow Battery market size is predicted to grow from US$ 219 million in 2025 to US$ 366 million in 2031; it is expected to grow at a CAGR of 8.9% from 2025 to 2031.

A flow battery, or redox flow battery (after reduction–oxidation), is a type of rechargeable battery where recharge ability is provided by two chemical components dissolved in liquids contained within the system and separated by a membrane. Ion exchange (providing flow of electric current) occurs through the membrane while both liquids circulate in their own respective space. Cell voltage is chemically determined by the Nernst equation and ranges, in practical applications, from 1.0 to 2.2 volts. The performance of these devices is governed by the considerations of electrochemical engineering.

Global flow battery main players include Dalian Rongke Power, Primus Power, Sumitomo Electric, VRB ENERGY, Largo Clean Energy, etc., totally accounting for about 95%. Asia-Pacific is the largest market, with a share over 78%. As for the types of products, it can be divided into vanadium flow battery and hybrid flow battery. Vanadium flow battery is the largest segment, holding a share aboutr 90%. In terms of application, it is widely used in utility facilities, renewable energy integration and others. The most common application is in utility facilities, taking a share over 80%.

LP Information, Inc. (LPI) ' newest research report, the “Flow Battery Industry Forecast” looks at past sales and reviews total world Flow Battery sales in 2024, providing a comprehensive analysis by region and market sector of projected Flow Battery sales for 2025 through 2031. With Flow Battery sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Flow Battery industry.

This Insight Report provides a comprehensive analysis of the global Flow Battery landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Flow Battery portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Flow Battery market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Flow Battery and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Flow Battery.

This report presents a comprehensive overview, market shares, and growth opportunities of Flow Battery market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Vanadium Flow Battery
Hybrid Flow Battery

Segmentation by Application:
Utility Facilities
Renewable Energy Integration
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Dalian Rongke Power
Primus Power
Sumitomo Electric
VRB ENERGY
Largo Clean Energy

Key Questions Addressed in this Report

What is the 10-year outlook for the global Flow Battery market?

What factors are driving Flow Battery market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Flow Battery market opportunities vary by end market size?

How does Flow Battery break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.