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Home » Semiconductor and Electronics » Flow Battery Market By Size Share, Future Forecast 2024-2032

Flow Battery Market By Battery Type (Redox, Hybrid); By Material (Vanadium, Zinc Bromine, Iron, Others); By Storage Capacity (Large-Scale, Small-Scale); By Applications (Utility, Automotive, Residential, Industrial, Energy Storage, Others); By Geography, Segment revenue estimation, Forecast, 2023-2030.

Published On: FEb-2024   |   Base Year: 2022   |   No Of Pages: 150   |   Historical Data: 2017-2021   |   Formats: PDF   |   Report ID: 11439293

Industry Report and Statistics (Facts & Figures)

The Flow Battery Market is projected to experience a significant growth spurt, with its size estimated at USD 0.88 billion in 2024 and reaching USD 2.32 billion by 2030, growing at a CAGR of 15.41% during the forecast period (2024-2030).

 

Flow batteries are electrochemical energy storage systems that use reversible oxidation and reduction of working fluids to convert chemical energy into electrical energy. These batteries are essential for the future generation of clean and sustainable energy from renewable sources. They are efficient, dependable, and economical, making them a viable solution for stationary energy storage of intermittent sources like solar and wind power.

 

The global flow battery market is experiencing a surge fuelled by the ever-growing demand for energy storage solutions. Efficiently storing intermittent renewable energy is crucial as solar and wind are set to account for over 60% of global capacity by 2026, per IEA. Flow batteries are emerging as a game-changer due to their ability to capture excess renewable energy during peak generation periods (with a depth of discharge of up to 100%) and release it when needed. This capability facilitates a higher penetration of renewables into the grid, ensuring stability. Furthermore, aging grid infrastructure requires upgrades to handle this influx of renewable energy. Flow batteries, with their modular design and scalability, offer a flexible and reliable way to modernize grids, improving their resilience and flexibility.

 

By 2030, flow batteries have the potential to store more than 61 MWh of electricity per year, generating over $22 billion in revenue for manufacturers.

 

The Vanadium Redox battery is the most well-known and commercially successful flow battery design in 2023, but over the next few years, hybrid flow batteries like Zinc Bromine Hybrid Batteries will become more and more popular than their more well-established counterparts.

 

Market Drivers

 The market growth for flow battery is driven by laws and incentives introduced by the government and increasing demand for effective energy storage solutions.

  • Governments around the world are introducing laws and incentives to encourage the use of energy storage technologies like flow batteries. This is expected to lead to an increase in demand for flow batteries. The US Department of Energy is supporting the implementation of energy storage, specifically flow batteries, through various grant and credit programs. For instance, in 2022, the Department approved a $150 million loan guarantee for a vanadium flow batteries project. Moreover, there is a growing trend of increasing research and development investments in flow batteries from both government and private sources. In an effort to boost the production of flow batteries and long-duration storage systems in the US, the DOE provided funding of $17.9 million for four research and development projects. Thus, the rising government laws and incentives, in addition to R&D funding, will boost the market for flow batteries.

 

  • The market for flow battery is experiencing growth due to the rising need for effective energy storage solutions. With the increasing use of solar and wind power generation, the need for energy storage has also been on the rise. According to climate research group Ember, renewable energy usage is expected to grow rapidly, with wind & solar energy making up 12% of the world's energy produced in 2022. This is where flow batteries come in handy, as they are ideal for storing and releasing excess renewable energy as needed, providing grid stability due to their extended discharge duration and scalability. According to the International Renewable Energy Agency (IEA), renewable energy capacity worldwide is expected to grow by 8% annually by 2030, resulting in an increased demand for energy storage technologies like flow batteries.

 

Restraints

Flow battery technologies face a challenge in reaching their full potential in the market due to their low level of commercialization compared to the extensive installation base of lithium-ion technology. To overcome this hurdle, it is likely that more small flow battery facilities will be constructed in the near future.

 

Opportunity

Energy storage solutions are in high demand as a result of the global shift towards electrification in industrial processes, transportation, and heating.  Sales of electric vehicles (EVs) are expected to continue growing rapidly and this surge in electrification necessitates efficient ways to store energy, and flow batteries are poised to play a crucial role in meeting this growing demand. By 2030, EV sales are expected to surpass 50% of all automobile sales worldwide, according to the International Energy Agency (IEA). China, a pioneer in electrification projects, is investigating the use of flow batteries on a big scale for grid storage applications. Electrifying industrial processes also presents a significant opportunity for decarbonization. Estimates from the World Resources Institute suggest that industry electrification could help reduce CO2 emissions worldwide by 30% by 2050. In line with its ambitious clean energy targets, California has announced a 100 MW flow battery project set to launch in 2023. This project aims to support the state's grid integration efforts. The global trend towards electrification is increasing the demand for energy storage solutions that are reliable, scalable, and safe. Flow batteries, with their ability to store energy for long periods of time and their safety advantages, are well-positioned to play a vital role in this shift towards a cleaner and more sustainable energy future.

 

Market Segmentation

The market for flow batteries is segmented by battery type, material, storage capacity, application, and region.

By Battery Type :

  • Redox

  • Hybrid

 

By Material :

  • Vanadium

  • Zinc Bromine

  • Iron-Chromium

  • Others

 

By Storage Capacity:

  • Large-Scale

  • Small-Scale

 

By APPLICATION:

  • Utility (grid energy storage)

  • Industrial

  • Residential

  • Commercial

  • Energy Storage (standalone)

  • Others ( transportation)

 

Based on the Source, the Flow Battery Market is segmented into Redox & Hybrid. Redox Flow Battery is leading the market and accounted for a market revenue share of 77 %. Redox flow batteries (RFBs) offer extended cycling life and safety, making them beneficial for large-scale energy storage systems.

 

Based on the Materials, The Global Flow Battery Market is segmented into Vanadium, Zinc-Bromine, Iron-Chromium, and Others. The Vanadium Flow Battery (VFB) is leading the market with a share of 65%. Vanadium flow batteries (VFBs) are a potential technology that provides benefits like extended cycle life, stable performance, ease of electrolyte regeneration or recycling, minimal flammability, and extended operation time.

 

In terms of Application Types, the market has been divided into Utility (grid energy storage), Industrial, Residential, Commercial, Energy Storage (standalone), and Others (transportation). The Utility (grid energy storage) segment is leading the market with a share of 55% in 2024. Flow batteries are most commonly used in grid energy storage due to their scalability, long-duration storage capabilities, and ability to enhance system stability and reliability. They can hold large amounts of energy for extended periods of time, making them well-suited for use in grid-scale applications.

 

Based on the Geographical outlook, North America spearheaded the market growth comprehensively, with an overall share of around 34% in 2023. Flow batteries are expected to see a rise in demand due to factors such as the increasing popularity of electric vehicles and a growing focus on integrating renewable energy sources. The USA held the highest share in the North American Region. The US and Canada are driven by factors like grid modernization needs and a growing focus on integrating renewable energy sources like solar and wind. The presence of established players in the flow battery industry and a supportive regulatory environment further contribute to North America's prominent role in this market.

 

Key Players

  • Vrb Energy (Canada)

  • Ess Tech Inc. (Usa).

  • Vanadis Power Gmbh (Germany)

  • Primus Power Corporation (USA)

  • Redflow Ltd. (Australia)

  • Invinity Energy Systems Plc (Uk)

  • Dalian Rongke Power Co. Ltd. (China)

  • Cellcube Energy Storage Systems Inc. (Enerox Gmbh) (Canada)

  • Stryten Energy (USA)

  • H2, Inc. (USA)

 

Recent Development

  • In March 2024, Altilium and Nis collaborated on a project to improve the sustainability of EV batteries made in the UK to reduce the carbon footprint of new batteries and lessen dependence on imported raw materials. The project will use advanced recycling technologies and is part of a larger initiative worth £30 million, of which £15 million has been granted in funds. The project will enhance the R&D capacity and know-how of the Nissan Technological Centre Europe (NTCE) in Cranfield, Bedfordshire. The focus will be on developing energy balancing, recycling, and reuse technologies for electric vehicle batteries.

 

  • In March 2024, Largo Inc. and Stryten Energy LLC signed a non-binding letter of intent to form a 50-50 partnership. The proposed joint venture would combine Stryten's vanadium redox flow battery business with Largo Clean Energy Corp., a wholly-owned subsidiary of Largo Inc. This partnership aims to be a major player in the VRFB market. Furthermore, coinciding with this announcement, Enel Green Power España and LCE have launched one of Europe's largest VRFB systems, which has a capacity of 5.5 megawatt hours.

 

  • In January 2024, Synetiq, which is the largest car salvage company in the UK, has partnered with Allye Energy to supply the start up with salvaged electric vehicle battery packs for energy storage systems. Allye will test and purchase electric vehicle (EV) packs from Synetiq to use in its 300 kWh battery storage system. Each kWh battery pack consists of four repurposed EV battery packs that are sufficient to power 50 households or a factory daily. Customers can rent these packets from Allye.

Frequently Asked Question About This Report

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Table of Contents

1.    EXECUTIVE SUMMARY – FLOW BATTERY MARKET
1.1. Market Attractiveness
1.2. Understanding the Target Customers
1.3. CXO perspective
1.4. Global Flow Battery Market, Historical Market Size & Future Projections Analysis
1.5. Global Flow Battery Market, By Battery Type
1.6. Global Flow Battery Market, By Material
1.7. Global Flow Battery Market, By Storage Capacity
1.8. Global Flow Battery Market, By Applications
1.9. Global Flow Battery Market, By Region (North America, Europe, Asia Pacific, Middle East & Africa, South America, Rest of the World)
2.    MARKET SHARE ANALYSIS –FLOW BATTERY
2.1. Top 15 Players with Product Mix, Revenue, and Sales Volume
2.2. Market Share, 2023
3.    SALES VOLUME (UNITS SOLD), BY COUNTRY, FORECAST TILL 2030
3.1. North America (United States, Canada)
3.2. Europe (UK, Germany, France, Netherlands, Italy, Spain, Belgium, Rest of Europe)
3.3. Asia Pacific (China, Japan, South Korea, India, Australia, Rest of APAC)
3.4. Middle East and Africa (UAE, Saudi Arabia, South Africa)
3.5. South America (Brazil, Argentina, Chile, Peru, Columbia)  
3.6. Rest of the World
4.    INVESTMENT OPPORTUNITIES IN THE MARKET
4.1. On Going Market Developments
4.2. Merger & Acquisition Trends
4.3. Key Investment Opportunities
4.4. Most Potential Product Segments from a Growth and Investment Perspective
5.    MARKET INTRODUCTION
5.1. Definition
5.2. Scope of the Study
5.3. Market Structure
5.4. Macro Factor Indicator Analysis
5.5. Key findings
5.5.1. Top investment pockets
6.    RESEARCH METHODOLOGY
6.1. Research Process
6.2. Primary Research
6.3. Secondary Research
6.4. Market Size Estimation
6.5. Forecast Model
7.    MARKET DYNAMICS
7.1. Introduction
7.2. Flow Battery VS Traditional Lithium-ion Battery
7.3. Drivers
7.3.1. Environmental Sustainability
7.3.2. GLOBAL POLICY & REGULATION MAPPING
7.3.3. Economic Advantages
7.4. Restraints
7.4.1. Technical Challenges
7.4.2. Regulatory Landscape
7.5. Opportunities
7.5.1. Expanding Applications
7.5.2. Technological Advancements
7.6. Challenges
7.6.1. Public Perception and Awareness

7.6.2. Market Infrastructure

8.    RECENT FLOW BATTERY PROJECTS
9.    SCOPE IN THE US MARKET w.r.t. RENEWABLE ENERGY
10.    ENERGY STORAGE
11.    RECENT DEVELOPMENTS IN GLOBAL FLOW BATTERY MARKET
12.    GO TO MARKET STRATEGY SUGGESTED BY STRATEGIC MARKET RESEARCH
13.    COMPETITIVE LANDSCAPE - MARKET PENETRATION OF MAJOR PLAYERS
14.    GLOBAL FLOW BATTERY  MARKET ANALYSIS BY SEGMENT (COUNTRY-LEVEL ANALYSIS)
14.1. Overview
14.2. Global Flow Battery Historical Market Size ($MILLION),Sales Volume, (2017 – 2023)
14.3. Global Flow Battery Market Size ($MILLION),Sales Volume, and Forecasts (2024 – 2030)
14.4. Global Flow Battery Market Size ($MILLION),Sales Volume, and Forecasts (2024 – 2030), By Battery Type
14.4.1. Redox
14.4.2. Hybrid
14.5. Global Flow Battery Market Size ($MILLION),Sales Volume, and Forecasts (2024 – 2030), By Material
14.5.1. Vanadium
14.5.2. Zinc Bromine
14.5.3. Iron
14.5.4. Others
14.6. Global Flow Battery Market Size ($MILLION),Sales Volume, and Forecasts (2024 – 2030), By Storage Capacity
14.6.1. Large-Scale
14.6.2. Small-Scale
14.7. Global Flow Battery Market Size ($MILLION),Sales Volume, and Forecasts (2024 – 2030), By Application
14.7.1. Utility
14.7.2. Automotive
14.7.3. Residential
14.7.4. Industrial
14.7.5. Energy Storage
14.7.6. Others
14.8. Global Flow Battery Market Size ($MILLION),Sales Volume, and Forecasts (2024 – 2030), By Geography
14.8.1. North America
14.8.2. Europe
14.8.3. Asia Pacific
14.8.4. Middle East & Africa
14.8.5. South America
14.8.6. Rest of the World
15.    NORTH AMERICA FLOW BATTERY MARKET ANALYSIS
15.1. Overview
15.2. North America FLOW BATTERY Historical Market size ($MILLION), Sales Volume, (2017 – 2023)
15.3. North America FLOW BATTERY Market size ($MILLION), Sales Volume and Forecasts (2024 – 2030)
15.4. North America FLOW BATTERY Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Battery Type
15.4.1. Redox
15.4.2. Hybrid
15.5. North America FLOW BATTERY Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Material
15.5.1. Vanadium
15.5.2. Zinc Bromine
15.5.3. Iron
15.5.4. Others
15.6. North America FLOW BATTERY Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Storage Capacity  
15.6.1. Large-Scale
15.6.2. Small-Scale
15.7. North America FLOW BATTERY Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Application
15.7.1. Utility
15.7.2. Automotive
15.7.3. Residential
15.7.4. Industrial
15.7.5. Energy Storage
15.7.6. Others
15.8. North America FLOW BATTERY Market size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Geography
15.8.1. USA
15.8.1.1.    California
15.8.1.2.    Texas
15.8.1.3.    Florida
15.8.1.4.    Pennsylvania
15.8.1.5.    Illinois
15.8.1.6.    North Carolina
15.8.1.7.    South Carolina
15.8.1.8.    Arizona
15.8.1.9.    Nevada
15.8.2. Canada
15.8.3. Rest of North America
16.    EUROPE FLOW BATTERY MARKET  ANALYSIS
16.1. Overview
16.2. Europe FLOW BATTERY Historical Market Size ($MILLION), Sales Volume, (2017 – 2023)
16.3. Europe FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030)
16.4. Global Flow Battery Market Size ($MILLION),Sales Volume, and Forecasts (2024 – 2030), By Battery Type
16.4.1. Redox
16.4.2. Hybrid
16.5. Europe FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Material
16.5.1. Vanadium
16.5.2. Zinc Bromine
16.5.3. Iron
16.5.4. Others
16.6. Europe FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Storage Capacity
16.6.1. Large-Scale
16.6.2. Small-Scale
16.7. Europe FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Application
16.7.1. Utility
16.7.2. Automotive
16.7.3. Residential
16.7.4. Industrial
16.7.5. Energy Storage
16.7.6. Others
16.8. Europe FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Country
16.8.1. Germany
16.8.2. Turkiye
16.8.3. Italy
16.8.4. Spain
16.8.5. France
16.8.6. Poland
16.8.7. Austria
16.8.8. UK
16.8.9. Switzerland
16.8.10. Netherlands
16.8.11. Rest of Europe
17.    ASIA PACIFIC FLOW BATTERY MARKET  ANALYSIS
17.1. Overview
17.2. Asia Pacific FLOW BATTERY Historical Market Size ($MILLION), Sales Volume, (2017 – 2023)
17.3. Asia Pacific FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030)
17.4. Asia Pacific FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Battery Type
17.4.1. Redox
17.4.2. Hybrid
17.5. Asia Pacific FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Material
17.5.1. Vanadium
17.5.2. Zinc Bromine
17.5.3. Iron
17.5.4. Others
17.6. Asia Pacific FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Storage Capacity
17.6.1. Large-Scale
17.6.2. Small-Scale
17.7. Asia Pacific FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Application
17.7.1. Utility
17.7.2. Automotive
17.7.3. Residential
17.7.4. Industrial
17.7.5. Energy Storage
17.7.6. Others
17.8. Asia Pacific FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Country
17.8.1. China
17.8.2. India
17.8.3. Japan
17.8.4. South Korea
17.8.5. Taiwan
17.8.6. Vietnam
17.8.7. Indonesia
17.8.8. Malaysia
17.8.9. Singapore
17.8.10. Australia
17.8.11. Rest of APAC
18.    MIDDLE EAST AND AFRICA FLOW BATTERY MARKET  ANALYSIS
18.1. Overview
18.2. Middle East and Africa FLOW BATTERY Historical Market Size ($MILLION), Sales Volume, (2017 – 2023)
18.3. Middle East and Africa FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030)
18.4. Middle East and Africa FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030 By Battery Type
18.4.1. Redox
18.4.2. Hybrid
18.5. Middle East and Africa FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Material
18.5.1. Vanadium
18.5.2. Zinc Bromine
18.5.3. Iron
18.5.4. Others
18.6. Middle East and Africa FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Storage Capacity
18.6.1. Large-Scale
18.6.2. Small-Scale
18.7. Middle East and Africa FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Application
18.7.1. Utility
18.7.2. Automotive
18.7.3. Residential
18.7.4. Industrial
18.7.5. Energy Storage
18.7.6. Others
18.8. Middle East and Africa FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Country
18.8.1. UAE
18.8.2. Saudi Arabia
18.8.3. Qatar
18.8.4. Kuwait
18.8.5. Oman
18.8.6. Bahrain
18.8.7. South Africa
18.8.8. Rest of Middle East and Africa
19.    SOUTH AMERICA FLOW BATTERY MARKET  ANALYSIS
19.1. Overview
19.2. South America FLOW BATTERY Historical Market Size ($MILLION), Sales Volume, (2017 – 2023)
19.3. South America FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030)
19.4. South America FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Battery Type
19.4.1. Redox
19.4.2. Hybrid
19.5. South America FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Material
19.5.1. Vanadium
19.5.2. Zinc Bromine
19.5.3. Iron
19.5.4. Others
19.6. South America FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Storage Capacity
19.6.1. Large-Scale
19.6.2. Small-Scale
19.7. South America FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Application
19.7.1. Utility
19.7.2. Automotive
19.7.3. Residential
19.7.4. Industrial
19.7.5. Energy Storage
19.7.6. Others
19.8. South America FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Country
19.8.1. Brazil
19.8.2. Argentina
19.8.3. Rest of South America
20.    REST OF THE WORLD FLOW BATTERY MARKET ANALYSIS
20.1. Overview
20.2. Rest of the World FLOW BATTERY Historical Market Size ($MILLION), Sales Volume, (2017 – 2023)
20.3. Rest of the World FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030)
20.4. Rest of the World FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Battery Type
20.4.1. Redox
20.4.2. Hybrid
20.5. Rest of the World FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Material
20.5.1. Vanadium
20.5.2. Zinc Bromine
20.5.3. Iron
20.5.4. Others
20.6. Rest of the World FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Storage Capacity
20.6.1. Large-Scale
20.6.2. Small-Scale
20.7. Rest of the World FLOW BATTERY Market Size ($MILLION), Sales Volume, and Forecasts (2024 – 2030), By Application
20.7.1. Utility
20.7.2. Automotive
20.7.3. Residential
20.7.4. Industrial
20.7.5. Energy Storage
20.7.6. Others

 

21.    COMPANY PROFILES
1.    VRB ENERGY (CANADA)
1.1.    Company Overview  
1.2.    Company Snapshot  
1.3.    Operating business segments
1.4.    Product Offered and Revenue from FLOW BATTERY Business
1.5.    Key business performances, strategies, and developments
2.    ESS TECH INC. (USA).
2.1.    Company Overview  
2.2.    Company Snapshot  
2.3.    Operating business segments
2.4.    Product Offered and Revenue from FLOW BATTERY Business
2.5.    Key business performances, strategies, and developments
3.    VANADIS POWER GMBH (GERMANY)
3.1.    Company Overview  
3.2.    Company Snapshot  
3.3.    Operating business segments
3.4.    Product Offered and Revenue from FLOW BATTERY Business
3.5.    Key business performances, strategies, and developments
4.    PRIMUS POWER CORPORATION (USA)
4.1.    Company Overview  
4.2.    Company Snapshot  
4.3.    Operating business segments
4.4.    Product Offered and Revenue from FLOW BATTERY Business
4.5.    Key business performances, strategies, and developments
5.    REDFLOW LTD. (AUSTRALIA)
5.1.    Company Overview  
5.2.    Company Snapshot  
5.3.    Operating business segments
5.4.    Product Offered and Revenue from FLOW BATTERY Business
5.5.    Key business performances, strategies, and developments
6.    INVINITY ENERGY SYSTEMS PLC (UK)
6.1.    Company Overview  
6.2.    Company Snapshot  
6.3.    Operating business segments
6.4.    Product Offered and Revenue from FLOW BATTERY Business
6.5.    Key business performances, strategies, and developments
7.    DALIAN RONGKE POWER CO. LTD. (CHINA)
7.1.    Company Overview  
7.2.    Company Snapshot  
7.3.    Operating business segments
7.4.    Product Offered and Revenue from FLOW BATTERY Business
7.5.    Key business performances, strategies, and developments
8.    CELLCUBE ENERGY STORAGE SYSTEMS INC. (ENEROX GMBH) (CANADA)
8.1.    Company Overview  
8.2.    Company Snapshot  
8.3.    Operating business segments
8.4.    Product Offered and Revenue from FLOW BATTERY Business
8.5.    Key business performances, strategies and developments
9.    STRYTEN ENERGY (USA)
9.1.    Company Overview  
9.2.    Company Snapshot  
9.3.    Operating business segments
9.4.    Product Offered and Revenue from FLOW BATTERY Business
9.5.    Key business performances, strategies and developments
10.    H2, INC. (USA)
10.1.    Company Overview  
10.2.    Company Snapshot  
10.3.    Operating business segments
10.4.    Product Offered and Revenue from FLOW BATTERY Business
10.5.    Key business performances, strategies and developments

 


LIST OF TABLES

1. TABLE: MARKET, FLOW BATTERY, 2024-2030 (USD MILLION)
2. TABLE: MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
3. TABLE: MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
4. TABLE: MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
5. TABLE: MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
6. TABLE: MARKET, BY REGION, 2024-2030 (USD MILLION)
7. TABLE: NORTH AMERICA MARKET  FLOW BATTERY, 2024-2030 (USD MILLION)
8. TABLE: NORTH AMERICA MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
9. TABLE: NORTH AMERICA MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
10. TABLE: NORTH AMERICA MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
11. TABLE: NORTH AMERICA MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
12. TABLE: USA MARKET  FLOW BATTERY , 2024-2030 (USD MILLION)
13. TABLE: USA MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
14. TABLE: USA MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
15. TABLE: USA MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
16. TABLE: USA MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
17. TABLE: CALIFORNIA MARKET FLOW BATTERY, 2024-2030 (USD MILLION)
18. TABLE: CALIFORNIA MARKET, BY BATTERY TYPE , 2024-2030 (USD MILLION)
19. TABLE: CALIFORNIA MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
20.  TABLE: CALIFORNIA MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
21. TABLE: CALIFORNIA MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
22. TABLE: TEXAS MARKET  FLOW BATTERY , 2024-2030 (USD MILLION)
23. TABLE: TEXAS MARKET, BY BATTERY TYPE , 2024-2030 (USD MILLION)
24. TABLE: TEXAS MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
25. TEXAS MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
26. TABLE: TEXAS MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
27. TABLE: FLORIDA MARKET FLOW BATTERY , 2024-2030 (USD MILLION)
28. TABLE: FLORIDA MARKET, BY BATTERY TYPE , 2024-2030 (USD MILLION)
29. TABLE: FLORIDA MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
30. TABLE: FLORIDA MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
31. TABLE: FLORIDA MARKET, BY APPLICATION, 2024-2030 (USD MILLION)  
32. TABLE: CANADA MARKET  FLOW BATTERY, 2024-2030 (USD MILLION)
33. TABLE: CANADA MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
34. TABLE: CANADA MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
35. TABLE: CANADA MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
36. TABLE: CANADA MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
37. TABLE: MEXICO MARKET  FLOW BATTERY, 2024-2030 (USD MILLION)
38. TABLE: MEXICO MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
39. TABLE: MEXICO MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
40. TABLE: MEXICO MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
41. TABLE: MEXICO MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
42. TABLE: REST OF NORTH AMERICA MARKET, 2024-2030 (USD MILLION)
43. TABLE: REST OF NORTH AMERICA MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
44. TABLE: REST OF NORTH AMERICA MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
45. TABLE: REST OF NORTH AMERICA MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
46. TABLE: REST OF NORTH AMERICA MARKET, BY APPLICATION, 2024-2030 (USD MILLIO
47. TABLE: EUROPE MARKET, 2024-2030 (USD MILLION)
48. TABLE: EUROPE MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
49. TABLE: EUROPE MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
50. TABLE: EUROPE MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
51. TABLE: EUROPE MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
52. TABLE: TABLE: GERMANY MARKET 2024-2030 (USD MILLION)
53. TABLE: GERMANY MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
54. TABLE: GERMANY MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
55. TABLE: GERMANY MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
56. TABLE: GERMANY MARKET, BY APPLICATION, 2024-2030 (USD MILLION)  
57. TABLE: FRANCE MARKET, 2024-2030 (USD MILLION)
58. TABLE: FRANCE MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
59. TABLE: FRANCE MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
60.  TABLE: FRANCE MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
61. TABLE: FRANCE MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
62. TABLE: UK MARKET, 2024-2030 (USD MILLION)
63. TABLE: UK MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
64. TABLE: UK MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
65. TABLE: UK MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
66. TABLE: UK MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
67. TABLE: ITALY MARKET, 2024-2030 (USD MILLION)
68. TABLE: ITALY MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
69. TABLE: ITALY MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
70.  TABLE: ITALY MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
71. TABLE: ITALY MARKET, BY APPLICATION, 2024-2030 (USD MILLION)    
72. TABLE: SPAIN MARKET BY FLOW BATTERY TYPE, 2024-2030 (USD MILLION)
73. TABLE: SPAIN MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
74. TABLE: SPAIN MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
75. TABLE: SPAIN MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
76. TABLE: SPAIN MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
77. TABLE: REST OF THE EUROPE MARKET BY FLOW BATTERY TYPE, 2024-2030 (USD MILLION)
78. TABLE: REST OF THE EUROPE MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
79. TABLE: REST OF THE EUROPE MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
80. TABLE: REST OF THE EUROPE MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
81. TABLE: REST OF THE EUROPE MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
82. TABLE: ASIA PACIFIC MARKET, BY COUNTRY, 2024-2030 (USD MILLION)
83. TABLE: ASIA PACIFIC MARKET BY FLOW BATTERY TYPE, 2024-2030 (USD MILLION)
84. TABLE: ASA PACIFIC MARKET, BY BATTERY TYPE , 2024-2030 (USD MILLION)
85. TABLE: ASIA PACIFIC MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
86. TABLE:: ASIA PACIFIC MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
87. TABLE:: ASIA PACIFIC MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
88. TABLE: CHINA MARKET BY FLOW BATTERY TYPE, 2024-2030 (USD MILLION)
89. TABLE: CHINA MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
90. TABLE: CHINA MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
91. TABLE: CHINA MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
92. TABLE: CHINA MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
93. TABLE: INDIA MARKET BY FLOW BATTERY TYPE, 2024-2030 (USD MILLION)
94. TABLE: INDIA MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
95. TABLE: INDIA MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
96. TABLE: INDIA MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
97. TABLE: INDIA MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
98. TABLE: JAPAN MARKET BY FLOW BATTERY TYPE, 2024-2030 (USD MILLION)
99. TABLE: JAPAN MARKET, BY BATTERY TYPE , 2024-2030 (USD MILLION)
100. TABLE: JAPAN MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
101.  TABLE: JAPAN MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
102. TABLE: JAPAN MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
103. TABLE: SOUTH KOREA MARKET BY FLOW BATTERY TYPE, 2024-2030 (USD MILLION)
104. TABLE: SOUTH KOREA MARKET, BY BATTERY TYPE , 2024-2030 (USD MILLION)
105. TABLE: SOUTH KOREA MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
106. TABLE: SOUTH KOREA MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
107. TABLE: SOUTH KOREA MARKET, BY APPLICATION, 2024-2030 (USD MILLION)   
108. TABLE: AUSTRALIA MARKET BY FLOW BATTERY TYPE, 2024-2030 (USD MILLION)
109. TABLE: AUSTRALIA MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
110. TABLE: AUSTRALIA MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
111. TABLE: AUSTRALIA MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
112. TABLE: AUSTRALIA MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
113. TABLE: REST OF ASIA PACIFIC MARKET BY FLOW BATTERY TYPE, 2024-2030 (USD MILLION)
114. TABLE: REST OF ASIA PACIFIC MARKET, BY BATTERY TYPE , 2024-2030 (USD MILLION)
115. TABLE: REST OF ASIA PACIFIC MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
116. TABLE: REST OF ASIA MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
117. TABLE: REST OF ASIA PACIFIC MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
118. TABLE: MIDDLE EAST MARKET, BY COUNTRY, 2024-2030 (USD MILLION)
119. TABLE: MIDDLE EAST MARKET BY FLOW BATTERY TYPE, 2024-2030 (USD MILLION)
120. TABLE: MIDDLE EAST MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
121. TABLE: MIDDLE EAST MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
122. TABLE: MIDDLE EAST MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
123. TABLE: MIDDLE EAST MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
124. TABLE: UAE MARKET BY FLOW BATTERY TYPE, 2024-2030 (USD MILLION)
125. TABLE: UAE MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
126. TABLE: UAE MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
127. TABLE: UAE MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
128. TABLE: UAE MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
129. TABLE: SAUDI ARABIA MARKET BY FLOW BATTERY TYPE, 2024-2030 (USD MILLION)
130. TABLE: SAUDI ARABIA MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
131. TABLE: SAUDI ARABIA MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
132. TABLE: SAUDI ARABIA MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
133. TABLE: SAUDI ARABIA MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
134. TABLE: REST OF MIDDLE EAST MARKET BY FLOW BATTERY TYPE, 2024-2030 (USD MILLION)
135. TABLE: REST OF MIDDLE EAST MARKET, BY BATTERY TYPE, 2024-2030 (USD MILLION)
136. TABLE: REST OF MIDDLE EAST MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
137. TABLE: REST OF MIDDLE EAST MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
138. TABLE: REST OF MIDDLE EAST MARKET, BY APPLICATION, 2024-2030 (USD MILLION)
139. TABLE: REST OF WORLD MARKET BY FLOW BATTERY TYPE, 2024-2030 (USD MILLION)
140. TABLE: REST OF WORLD MARKET, BY BATTERY TYPE , 2024-2030 (USD MILLION)
141. TABLE: REST OF WORLD MARKET, BY MATERIAL, 2024-2030 (USD MILLION)
142. TABLE: REST OF WORLD MARKET, BY STORAGE CAPACITY, 2024-2030 (USD MILLION)
143. TABLE: REST OF WORLD MARKET, BY APPLICATION, 2024-2030 (USD MILLION)  
144. TABLE: VRB Energy: COMPANY SNAPSHOT
145. TABLE: VRB Energy:OPERATING SEGMENTS
146. TABLE: ESS Tech Inc.: COMPANY SNAPSHOT
147. TABLE: ESS Tech Inc.:OPERATING SEGMENTS
148. TABLE: Vanadis Power GmbH: COMPANY SNAPSHOT
149. TABLE: Vanadis Power GmbH:OPERATING SEGMENTS
150. TABLE: Primus Power Corporation: COMPANY SNAPSHOT
151. TABLE: Primus Power Corporation:OPERATING SEGMENTS
152. TABLE: RedFlow Ltd.: COMPANY SNAPSHOT
153. TABLE: RedFlow Ltd.:OPERATING SEGMENTS
154. TABLE: Invinity Energy Systems PLC: COMPANY SNAPSHOT
155. TABLE: Invinity Energy Systems PLC:OPERATING SEGMENTS
156. TABLE: Dalian Rongke Power Co. Ltd.: COMPANY SNAPSHOT
157. TABLE: Dalian Rongke Power Co. Ltd.:OPERATING SEGMENTS
158. TABLE: CellCube Energy Storage Systems Inc. (Enerox GmbH): COMPANY SNAPSHOT
159. TABLE: CellCube Energy Storage Systems Inc. (Enerox GmbH):OPERATING SEGMENTS
160. TABLE: Stryten Energy: COMPANY SNAPSHOT
161. TABLE: Stryten Energy:OPERATING SEGMENTS
162. TABLE: H2, Inc.: COMPANY SNAPSHOT
163. TABLE: H2, Inc.:OPERATING SEGMENTS

 

LIST OF FIGURES

1. Figure: Market: Research Methodology Steps
2. Figure: Research Design
3. Figure: Breakdown of Primaries: Market
4. Figure: Research Methodology: Hypothesis Building
5. Figure: Growth Strategies Adopted By the Key Players
6. Figure: Growth Strategies Adopted By the Key Players
7. Figure: Data Triangulation Methodology
8. Figure: Dominating Market Share, By Battery Type , 2024 vs. 2030 (USD MILLION)
9. Figure: Dominating Market Share, By Material , 2024 vs. 2030 (USD MILLION)
10. Figure: Dominating Market Share, By Storage Capacity, 2024 vs. 2030 (USD MILLION)
11. Figure: Dominating Market Share, By Application, 2024 vs. 2030 (USD MILLION)
12. Figure: Geographical Snapshot of the Market
13. Figure: North America Accounted for the Largest Share of the Market, By Regional Basis, in 2024
14. Figure: Market: Drivers, Restraints, Opportunities, and Challenges
15. Figure: North America: Market Snapshot
16. Figure: Europe: Market Snapshot
17. Figure: Asia Pacific: Market Snapshot
18. Figure: Middle East and Africa: Market Snapshot
19. Figure: South America: Market Snapshot
20. Figure: Rest of the World: Market Snapshot
21. Figure: Vendor Dive: Evaluation Overview
22. Figure: Global FLOW BATTERY  : Competitive Benchmarking
23. FIGURE: VRB Energy: COMPANY SNAPSHOT
24. FIGURE: VRB Energy: OPERATING SEGMENTS
25. FIGURE: ESS Tech Inc.: COMPANY SNAPSHOT
26. FIGURE: ESS Tech Inc.: OPERATING SEGMENTS
27. FIGURE: Vanadis Power GmbH: COMPANY SNAPSHOT
28. FIGURE: Vanadis Power GmbH: OPERATING SEGMENTS
29. FIGURE: Primus Power Corporation: COMPANY SNAPSHOT
30. FIGURE: Primus Power Corporation: OPERATING SEGMENTS
31. FIGURE: RedFlow Ltd.: COMPANY SNAPSHOT
32. FIGURE: RedFlow Ltd.: OPERATING SEGMENTS
33. FIGURE: Invinity Energy Systems PLC: COMPANY SNAPSHOT
34. FIGURE: Invinity Energy Systems PLC:OPERATING SEGMENTS
35. FIGURE: Dalian Rongke Power Co. Ltd.: COMPANY SNAPSHOT
36. FIGURE: Dalian Rongke Power Co. Ltd.: OPERATING SEGMENTS
37. FIGURE: CellCube Energy Storage Systems Inc. (Enerox GmbH): COMPANY SNAPSHOT
38. FIGURE: CellCube Energy Storage Systems Inc. (Enerox GmbH): OPERATING SEGMENTS
39. FIGURE: Stryten Energy: COMPANY SNAPSHOT
40. FIGURE: Stryten Energy: OPERATING SEGMENTS
41. FIGURE: H2, Inc.: COMPANY SNAPSHOT
42. FIGURE: H2, Inc.: OPERATING SEGMENTS