フロー電池市場の2030年までの予測：タイプ別、材料別、蓄電容量別、用途別、地域別の世界分析

Stratistics MRCによると、世界のフロー電池市場は2024年に2億9,062万米ドルとなり、予測期間中のCAGRは24.2%で成長し、2030年までには8億2,829万米ドルに達すると予測されています。

フロー電池は充電式電池の一種であり、別個のタンクに収容された液体電解質溶液にエネルギーが貯蔵されます。これらの電解液はセルスタックを通してポンプで送られ、そこで電気化学反応を起こして電気を発生させます。タンクやセルスタックのサイズを大きくすることで簡単にスケールアップできるため、エネルギー貯蔵容量に柔軟性があります。サイクル寿命が長く、応答速度が速く、再生可能エネルギーの統合や送電網の安定化など、大規模なエネルギー貯蔵アプリケーションに適していることで知られています。

Global Landscape of Renewable Energy Finance 2023のレポートによると、エネルギー転換技術への世界投資は2022年に1兆3,000億米ドルに達しました。

太陽光発電と風力発電の統合の拡大

フロー電池は、ピーク時に発生する余剰エネルギーを貯蔵し、発電量が低下したときに放出する効果的なソリューションを提供し、安定した信頼性の高いエネルギー供給を保証します。この機能は、再生可能エネルギーのグリッドへの統合を強化し、より実行可能で効率的なものにします。再生可能エネルギー貯蔵の需要が高まるにつれ、拡張性とサイクル寿命の長いフロー電池は魅力的な選択肢となり、市場の成長と普及を促進します。

複雑さとメンテナンス

フロー電池の複雑さとメンテナンスの課題は、電解液タンク、ポンプ、セルスタックなど複数の部品を含む複雑な設計から生じます。これらのシステムの定期的な監視と維持管理は、特に大規模な設置の場合、効率的な運転を確保するために不可欠です。腐食性のある電解液の取り扱いと管理は、複雑さに拍車をかけています。これらの要因は運用コストを増加させ、特に小規模なアプリケーションやコスト重視のアプリケーションへの普及を妨げるため、市場成長の妨げとなっています。

送電網近代化への取り組み

送電網の近代化構想は、送電網の信頼性、効率、柔軟性を向上させるため、高度なエネルギー貯蔵技術の統合を促進するものです。送電網がより高い再生可能エネルギー比率に対応するように移行する中、フロー電池は太陽光や風力からの変動するエネルギー供給を安定させる上で重要な役割を果たします。長期にわたってエネルギーを貯蔵・放電するその能力は、ピーク需要管理をサポートし、トランスミッションの混雑を緩和し、エネルギー安全保障を強化します。さらに、政府の政策とスマートグリッドへの投資は、エネルギーシステムを分散化し、よりクリーンな発電を可能にするソリューションとしてフロー電池の採用を奨励しています。

高い初期コスト

フロー電池の初期コストが高いのは、電解質に使用される高価な材料（バナジウムなど）、システム設計の複雑さ、タンク、ポンプ、セルスタックなどの大規模なインフラが必要なためです。これらのコストは従来のバッテリーを大幅に上回るため、フロー電池は小規模な用途にはあまり魅力的ではないです。さらに、初期費用が高いため、フロー電池技術は、リチウムイオン電池のような、より確立された、より低コストの代替品と競争することが難しく、市場の成長を妨げています。

COVID-19の影響

COVID-19の大流行は、サプライチェーンを遅らせ、製造を遅らせ、プロジェクトの設置を妨げることによって、フロー電池市場を混乱させました。再生可能エネルギーや大規模エネルギー貯蔵のような主要セクターは、規制や財政的不確実性のために一時的な後退に直面しました。しかし、パンデミックは、特にレジリエントなグリッドと再生可能エネルギーの統合のために、信頼性の高いエネルギー貯蔵ソリューションへの注目を高めました。パンデミック後の回復は、よりクリーンなエネルギーと長期的なエネルギー安全保障を求める世界の動きに後押しされ、フロー電池技術への投資を加速させています。

予測期間中、バナジウムセグメントが最大になる見込み

バナジウムセグメントが最大の市場シェアを獲得すると推定されます。バナジウムフロー電池（VFB）は、異なる酸化状態のバナジウムイオンを使用してエネルギーを貯蔵・放出する先進的なエネルギー貯蔵システムです。長いサイクル寿命、拡張性、安全性で知られるVFBは、グリッドエネルギー貯蔵や再生可能エネルギー統合のような大規模アプリケーションに理想的です。VFBは、高いエネルギー効率、迅速な応答時間、劣化することなく長期間放電する能力を提供します。

予測期間中、エネルギー・電力分野が最も高いCAGRが見込まれる

エネルギー・電力分野は、予測期間中に最も高いCAGRが見込まれます。フロー電池は、信頼性が高く、長時間のエネルギー貯蔵ソリューションを提供することで、エネルギー・電力分野で人気を集めています。大量のエネルギーを長期間貯蔵できるフロー電池は、太陽光や風力などの再生可能エネルギーをグリッドに統合するのに理想的です。その拡張性、長いサイクル寿命、安全性により、発電・配電ネットワークにおけるユーティリティ規模のエネルギー貯蔵に適した選択肢となっています。

最大のシェアを占める地域：

アジア太平洋は、再生可能エネルギー、送電網近代化、エネルギー貯蔵ソリューションへの投資の増加により、予測期間中最大の市場シェアを占めると予想されます。中国、日本、韓国のような国々は、大規模な再生可能エネルギーの統合とエネルギー安全保障のためにフロー電池を活用し、主導しています。政府のインセンティブとクリーンエネルギー政策に支えられたこの地域の持続可能性への推進は、公共事業、産業アプリケーション、マイクログリッドなどの分野でのフロー電池の採用を促進し、アジア太平洋をフロー電池の展開と技術革新の重要なハブとして位置づけています。

CAGRが最も高い地域：

北米は、再生可能エネルギーの統合とグリッドの安定性に対する需要の増加により、予測期間中に最も高いCAGRを記録すると予測されています。米国とカナダは主要な導入国であり、大規模なエネルギー貯蔵プロジェクトに注力することで、グリッドの回復力を高め、風力や太陽光のような断続的な再生可能エネルギーをサポートしています。クリーンエネルギー目標や税制優遇措置などの政府政策が、公益事業、産業、商業の各分野でフロー電池の導入を加速しています。市場はまた、エネルギー貯蔵技術の進歩の恩恵を受けており、将来のエネルギー需要を満たすための長期貯蔵ソリューションを促進しています。

無料カスタマイズサービス：

本レポートをご購読のお客様には、以下の無料カスタマイズオプションのいずれかをご利用いただけます：

• 企業プロファイル
  • 追加市場プレイヤーの包括的プロファイリング（3社まで）
  • 主要企業のSWOT分析（3社まで）
• 地域セグメンテーション
  • 顧客の関心に応じた主要国の市場推計・予測・CAGR（注：フィージビリティチェックによる）
• 競合ベンチマーキング
  • 製品ポートフォリオ、地理的プレゼンス、戦略的提携に基づく主要企業のベンチマーキング

目次

第1章 エグゼクティブサマリー

第2章 序文

• 概要
• ステークホルダー
• 調査範囲
• 調査手法
  • データマイニング
  • データ分析
  • データ検証
  • 調査アプローチ
• 調査情報源
  • 1次調査情報源
  • 2次調査情報源
  • 前提条件

第3章 市場動向分析

• 促進要因
• 抑制要因
• 機会
• 脅威
• 用途分析
• 新興市場
• COVID-19の影響

第4章 ポーターのファイブフォース分析

• 供給企業の交渉力
• 買い手の交渉力
• 代替品の脅威
• 新規参入業者の脅威
• 競争企業間の敵対関係

第5章 世界のフロー電池市場：タイプ別

• レドックスフロー電池
• ハイブリッドフロー電池

第6章 世界のフロー電池市場：材料別

• バナジウム
• 亜鉛臭素
• 鉄クロム
• その他の材料

第7章 世界のフロー電池市場：蓄電容量別

• 小規模（100kW以下）
• 中規模（100kW～500kW）
• 大規模（500kW以上）

第8章 世界のフロー電池市場：用途別

• エネルギー・電力
• 商業・工業（C&I）
• 自動車
• 通信
• 防衛・軍事
• その他の用途

第9章 世界のフロー電池市場：地域別

• 北米
  • 米国
  • カナダ
  • メキシコ
• 欧州
  • ドイツ
  • 英国
  • イタリア
  • フランス
  • スペイン
  • その他欧州
• アジア太平洋
  • 日本
  • 中国
  • インド
  • オーストラリア
  • ニュージーランド
  • 韓国
  • その他アジア太平洋
• 南米
  • アルゼンチン
  • ブラジル
  • チリ
  • その他南米
• 中東・アフリカ
  • サウジアラビア
  • アラブ首長国連邦
  • カタール
  • 南アフリカ
  • その他中東・アフリカ

第10章 主要な発展

• 契約、パートナーシップ、コラボレーション、合弁事業
• 買収と合併
• 新製品発売
• 事業拡大
• その他の主要戦略

第11章 企業プロファイリング

• Siemens
• General Electric Vernova Inc.
• Honeywell
• ABB Limited
• Redflow Limited
• Delectrick Systems
• Primus Power
• Vionx Energy Corporation
• Sumitomo Electric Industries, Ltd.
• Largo Clean Energy
• Invinity Energy Systems
• H2, Inc.
• UniEnergy Technologies
• JenaBatteries GmbH
• Lockheed Martin Corporation
• Schmid Group
• CMBlu Energy AG
• Gildemeister Energy Solutions
• EnSync Energy Systems
• CellCube

List of Tables

• Table 1 Global Flow Battery Market Outlook, By Region (2022-2030) ($MN)
• Table 2 Global Flow Battery Market Outlook, By Type (2022-2030) ($MN)
• Table 3 Global Flow Battery Market Outlook, By Redox Flow Battery (2022-2030) ($MN)
• Table 4 Global Flow Battery Market Outlook, By Hybrid Flow Battery (2022-2030) ($MN)
• Table 5 Global Flow Battery Market Outlook, By Material (2022-2030) ($MN)
• Table 6 Global Flow Battery Market Outlook, By Vanadium (2022-2030) ($MN)
• Table 7 Global Flow Battery Market Outlook, By Zinc-Bromine (2022-2030) ($MN)
• Table 8 Global Flow Battery Market Outlook, By Iron-Chromium (2022-2030) ($MN)
• Table 9 Global Flow Battery Market Outlook, By Other Materials (2022-2030) ($MN)
• Table 10 Global Flow Battery Market Outlook, By Storage Capacity (2022-2030) ($MN)
• Table 11 Global Flow Battery Market Outlook, By Small-scale (Up to 100 kW) (2022-2030) ($MN)
• Table 12 Global Flow Battery Market Outlook, By Medium-scale (100 kW to 500 kW) (2022-2030) ($MN)
• Table 13 Global Flow Battery Market Outlook, By Large-scale (Above 500 kW) (2022-2030) ($MN)
• Table 14 Global Flow Battery Market Outlook, By Application (2022-2030) ($MN)
• Table 15 Global Flow Battery Market Outlook, By Energy & Power (2022-2030) ($MN)
• Table 16 Global Flow Battery Market Outlook, By Commercial & Industrial (C&I) (2022-2030) ($MN)
• Table 17 Global Flow Battery Market Outlook, By Automotive (2022-2030) ($MN)
• Table 18 Global Flow Battery Market Outlook, By Telecommunications (2022-2030) ($MN)
• Table 19 Global Flow Battery Market Outlook, By Defense & Military (2022-2030) ($MN)
• Table 20 Global Flow Battery Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 21 North America Flow Battery Market Outlook, By Country (2022-2030) ($MN)
• Table 22 North America Flow Battery Market Outlook, By Type (2022-2030) ($MN)
• Table 23 North America Flow Battery Market Outlook, By Redox Flow Battery (2022-2030) ($MN)
• Table 24 North America Flow Battery Market Outlook, By Hybrid Flow Battery (2022-2030) ($MN)
• Table 25 North America Flow Battery Market Outlook, By Material (2022-2030) ($MN)
• Table 26 North America Flow Battery Market Outlook, By Vanadium (2022-2030) ($MN)
• Table 27 North America Flow Battery Market Outlook, By Zinc-Bromine (2022-2030) ($MN)
• Table 28 North America Flow Battery Market Outlook, By Iron-Chromium (2022-2030) ($MN)
• Table 29 North America Flow Battery Market Outlook, By Other Materials (2022-2030) ($MN)
• Table 30 North America Flow Battery Market Outlook, By Storage Capacity (2022-2030) ($MN)
• Table 31 North America Flow Battery Market Outlook, By Small-scale (Up to 100 kW) (2022-2030) ($MN)
• Table 32 North America Flow Battery Market Outlook, By Medium-scale (100 kW to 500 kW) (2022-2030) ($MN)
• Table 33 North America Flow Battery Market Outlook, By Large-scale (Above 500 kW) (2022-2030) ($MN)
• Table 34 North America Flow Battery Market Outlook, By Application (2022-2030) ($MN)
• Table 35 North America Flow Battery Market Outlook, By Energy & Power (2022-2030) ($MN)
• Table 36 North America Flow Battery Market Outlook, By Commercial & Industrial (C&I) (2022-2030) ($MN)
• Table 37 North America Flow Battery Market Outlook, By Automotive (2022-2030) ($MN)
• Table 38 North America Flow Battery Market Outlook, By Telecommunications (2022-2030) ($MN)
• Table 39 North America Flow Battery Market Outlook, By Defense & Military (2022-2030) ($MN)
• Table 40 North America Flow Battery Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 41 Europe Flow Battery Market Outlook, By Country (2022-2030) ($MN)
• Table 42 Europe Flow Battery Market Outlook, By Type (2022-2030) ($MN)
• Table 43 Europe Flow Battery Market Outlook, By Redox Flow Battery (2022-2030) ($MN)
• Table 44 Europe Flow Battery Market Outlook, By Hybrid Flow Battery (2022-2030) ($MN)
• Table 45 Europe Flow Battery Market Outlook, By Material (2022-2030) ($MN)
• Table 46 Europe Flow Battery Market Outlook, By Vanadium (2022-2030) ($MN)
• Table 47 Europe Flow Battery Market Outlook, By Zinc-Bromine (2022-2030) ($MN)
• Table 48 Europe Flow Battery Market Outlook, By Iron-Chromium (2022-2030) ($MN)
• Table 49 Europe Flow Battery Market Outlook, By Other Materials (2022-2030) ($MN)
• Table 50 Europe Flow Battery Market Outlook, By Storage Capacity (2022-2030) ($MN)
• Table 51 Europe Flow Battery Market Outlook, By Small-scale (Up to 100 kW) (2022-2030) ($MN)
• Table 52 Europe Flow Battery Market Outlook, By Medium-scale (100 kW to 500 kW) (2022-2030) ($MN)
• Table 53 Europe Flow Battery Market Outlook, By Large-scale (Above 500 kW) (2022-2030) ($MN)
• Table 54 Europe Flow Battery Market Outlook, By Application (2022-2030) ($MN)
• Table 55 Europe Flow Battery Market Outlook, By Energy & Power (2022-2030) ($MN)
• Table 56 Europe Flow Battery Market Outlook, By Commercial & Industrial (C&I) (2022-2030) ($MN)
• Table 57 Europe Flow Battery Market Outlook, By Automotive (2022-2030) ($MN)
• Table 58 Europe Flow Battery Market Outlook, By Telecommunications (2022-2030) ($MN)
• Table 59 Europe Flow Battery Market Outlook, By Defense & Military (2022-2030) ($MN)
• Table 60 Europe Flow Battery Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 61 Asia Pacific Flow Battery Market Outlook, By Country (2022-2030) ($MN)
• Table 62 Asia Pacific Flow Battery Market Outlook, By Type (2022-2030) ($MN)
• Table 63 Asia Pacific Flow Battery Market Outlook, By Redox Flow Battery (2022-2030) ($MN)
• Table 64 Asia Pacific Flow Battery Market Outlook, By Hybrid Flow Battery (2022-2030) ($MN)
• Table 65 Asia Pacific Flow Battery Market Outlook, By Material (2022-2030) ($MN)
• Table 66 Asia Pacific Flow Battery Market Outlook, By Vanadium (2022-2030) ($MN)
• Table 67 Asia Pacific Flow Battery Market Outlook, By Zinc-Bromine (2022-2030) ($MN)
• Table 68 Asia Pacific Flow Battery Market Outlook, By Iron-Chromium (2022-2030) ($MN)
• Table 69 Asia Pacific Flow Battery Market Outlook, By Other Materials (2022-2030) ($MN)
• Table 70 Asia Pacific Flow Battery Market Outlook, By Storage Capacity (2022-2030) ($MN)
• Table 71 Asia Pacific Flow Battery Market Outlook, By Small-scale (Up to 100 kW) (2022-2030) ($MN)
• Table 72 Asia Pacific Flow Battery Market Outlook, By Medium-scale (100 kW to 500 kW) (2022-2030) ($MN)
• Table 73 Asia Pacific Flow Battery Market Outlook, By Large-scale (Above 500 kW) (2022-2030) ($MN)
• Table 74 Asia Pacific Flow Battery Market Outlook, By Application (2022-2030) ($MN)
• Table 75 Asia Pacific Flow Battery Market Outlook, By Energy & Power (2022-2030) ($MN)
• Table 76 Asia Pacific Flow Battery Market Outlook, By Commercial & Industrial (C&I) (2022-2030) ($MN)
• Table 77 Asia Pacific Flow Battery Market Outlook, By Automotive (2022-2030) ($MN)
• Table 78 Asia Pacific Flow Battery Market Outlook, By Telecommunications (2022-2030) ($MN)
• Table 79 Asia Pacific Flow Battery Market Outlook, By Defense & Military (2022-2030) ($MN)
• Table 80 Asia Pacific Flow Battery Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 81 South America Flow Battery Market Outlook, By Country (2022-2030) ($MN)
• Table 82 South America Flow Battery Market Outlook, By Type (2022-2030) ($MN)
• Table 83 South America Flow Battery Market Outlook, By Redox Flow Battery (2022-2030) ($MN)
• Table 84 South America Flow Battery Market Outlook, By Hybrid Flow Battery (2022-2030) ($MN)
• Table 85 South America Flow Battery Market Outlook, By Material (2022-2030) ($MN)
• Table 86 South America Flow Battery Market Outlook, By Vanadium (2022-2030) ($MN)
• Table 87 South America Flow Battery Market Outlook, By Zinc-Bromine (2022-2030) ($MN)
• Table 88 South America Flow Battery Market Outlook, By Iron-Chromium (2022-2030) ($MN)
• Table 89 South America Flow Battery Market Outlook, By Other Materials (2022-2030) ($MN)
• Table 90 South America Flow Battery Market Outlook, By Storage Capacity (2022-2030) ($MN)
• Table 91 South America Flow Battery Market Outlook, By Small-scale (Up to 100 kW) (2022-2030) ($MN)
• Table 92 South America Flow Battery Market Outlook, By Medium-scale (100 kW to 500 kW) (2022-2030) ($MN)
• Table 93 South America Flow Battery Market Outlook, By Large-scale (Above 500 kW) (2022-2030) ($MN)
• Table 94 South America Flow Battery Market Outlook, By Application (2022-2030) ($MN)
• Table 95 South America Flow Battery Market Outlook, By Energy & Power (2022-2030) ($MN)
• Table 96 South America Flow Battery Market Outlook, By Commercial & Industrial (C&I) (2022-2030) ($MN)
• Table 97 South America Flow Battery Market Outlook, By Automotive (2022-2030) ($MN)
• Table 98 South America Flow Battery Market Outlook, By Telecommunications (2022-2030) ($MN)
• Table 99 South America Flow Battery Market Outlook, By Defense & Military (2022-2030) ($MN)
• Table 100 South America Flow Battery Market Outlook, By Other Applications (2022-2030) ($MN)
• Table 101 Middle East & Africa Flow Battery Market Outlook, By Country (2022-2030) ($MN)
• Table 102 Middle East & Africa Flow Battery Market Outlook, By Type (2022-2030) ($MN)
• Table 103 Middle East & Africa Flow Battery Market Outlook, By Redox Flow Battery (2022-2030) ($MN)
• Table 104 Middle East & Africa Flow Battery Market Outlook, By Hybrid Flow Battery (2022-2030) ($MN)
• Table 105 Middle East & Africa Flow Battery Market Outlook, By Material (2022-2030) ($MN)
• Table 106 Middle East & Africa Flow Battery Market Outlook, By Vanadium (2022-2030) ($MN)
• Table 107 Middle East & Africa Flow Battery Market Outlook, By Zinc-Bromine (2022-2030) ($MN)
• Table 108 Middle East & Africa Flow Battery Market Outlook, By Iron-Chromium (2022-2030) ($MN)
• Table 109 Middle East & Africa Flow Battery Market Outlook, By Other Materials (2022-2030) ($MN)
• Table 110 Middle East & Africa Flow Battery Market Outlook, By Storage Capacity (2022-2030) ($MN)
• Table 111 Middle East & Africa Flow Battery Market Outlook, By Small-scale (Up to 100 kW) (2022-2030) ($MN)
• Table 112 Middle East & Africa Flow Battery Market Outlook, By Medium-scale (100 kW to 500 kW) (2022-2030) ($MN)
• Table 113 Middle East & Africa Flow Battery Market Outlook, By Large-scale (Above 500 kW) (2022-2030) ($MN)
• Table 114 Middle East & Africa Flow Battery Market Outlook, By Application (2022-2030) ($MN)
• Table 115 Middle East & Africa Flow Battery Market Outlook, By Energy & Power (2022-2030) ($MN)
• Table 116 Middle East & Africa Flow Battery Market Outlook, By Commercial & Industrial (C&I) (2022-2030) ($MN)
• Table 117 Middle East & Africa Flow Battery Market Outlook, By Automotive (2022-2030) ($MN)
• Table 118 Middle East & Africa Flow Battery Market Outlook, By Telecommunications (2022-2030) ($MN)
• Table 119 Middle East & Africa Flow Battery Market Outlook, By Defense & Military (2022-2030) ($MN)
• Table 120 Middle East & Africa Flow Battery Market Outlook, By Other Applications (2022-2030) ($MN)

According to Stratistics MRC, the Global Flow Battery Market is accounted for $290.62 million in 2024 and is expected to reach $828.29 million by 2030 growing at a CAGR of 24.2% during the forecast period. A flow battery is a type of rechargeable battery where energy is stored in liquid electrolyte solutions contained in separate tanks. These electrolytes are pumped through a cell stack, where electrochemical reactions occur to generate electricity. They can be scaled easily by increasing the size of the tanks and cell stacks, offering flexibility in energy storage capacity. They are known for their long cycle life, rapid response times, and suitability for large-scale energy storage applications, such as renewable energy integration and grid stabilization.

According to the Global Landscape of Renewable Energy Finance 2023 report, the global investment in energy transition technologies reached USD 1.3 trillion in 2022.

Market Dynamics:

Driver:

Growing integration of solar and wind power

Flow batteries provide an effective solution for storing excess energy generated during peak production periods and releasing it when generation is low, ensuring a stable and reliable energy supply. This capability enhances the integration of renewables into the grid, making them more viable and efficient. As the demand for renewable energy storage increases, flow batteries, with their scalability and long cycle life, become an attractive option, driving market growth and adoption.

Restraint:

Complexity and maintenance

The complexity and maintenance challenges in flow batteries arise from their intricate design, which involves multiple components like electrolyte tanks, pumps, and cell stacks. Regular monitoring and upkeep of these systems are essential to ensure efficient operation, especially for large-scale installations. Handling and managing the electrolytes, which can be corrosive, add to the complexity. These factors increase operational costs and deter widespread adoption, particularly for smaller-scale or cost-sensitive applications, thereby hampering market growth.

Opportunity:

Grid modernization initiatives

Grid modernization initiatives promote the integration of advanced energy storage technologies to improve grid reliability, efficiency, and flexibility. As grids transition to accommodate higher shares of renewable energy, flow batteries play a key role in stabilizing fluctuating energy supply from solar and wind sources. Their ability to store and discharge energy over long periods supports peak demand management, reduces transmission congestion, and enhances energy security. Additionally, government policies and investments in smart grids encourage the adoption of flow batteries as a solution for decentralizing energy systems and enabling cleaner power generation.

Threat:

High initial costs

High initial costs in flow batteries arise from the expensive materials used for electrolytes (like vanadium), the complexity of the system's design, and the large infrastructure required, including tanks, pumps, and cell stacks. These costs significantly exceed those of conventional batteries, making flow batteries less attractive for smaller-scale applications. Additionally, high upfront costs make it harder for flow battery technologies to compete with more established, lower-cost alternatives like lithium-ion batteries, hampering market growth.

Covid-19 Impact

The covid-19 pandemic disrupted the flow battery market by delaying supply chains, slowing manufacturing, and hindering project installations. Key sectors like renewable energy and large-scale energy storage faced temporary setbacks due to restrictions and financial uncertainties. However, the pandemic also heightened the focus on reliable energy storage solutions, particularly for resilient grids and renewable integration. Post-pandemic recovery has accelerated investments in flow battery technology, driven by a global push for cleaner energy and long-term energy security.

The vanadium segment is expected to be the largest during the forecast period

The vanadium segment is estimated to capture the largest market share. Vanadium flow batteries (VFBs) are advanced energy storage systems that use vanadium ions in different oxidation states to store and release energy. Known for their long cycle life, scalability, and safety, VFBs are ideal for large-scale applications like grid energy storage and renewable integration. They offer high energy efficiency, quick response times, and the ability to discharge for extended periods without degradation.

The energy & power segment is expected to have the highest CAGR during the forecast period

The energy & power segment is anticipated to witness the highest CAGR during the forecast period. Flow batteries are gaining traction in the energy and power sector, offering reliable, and long-duration energy storage solutions. Their ability to store large amounts of energy for extended periods makes them ideal for integrating renewable sources like solar and wind into the grid. Their scalability, long cycle life, and safety features make them a preferred choice for utility-scale energy storage in power generation and distribution networks.

Region with largest share:

Asia Pacific is expected to have the largest market share during the forecast period driven by growing investments in renewable energy, grid modernization, and energy storage solutions. Countries like China, Japan, and South Korea are leading the charge, leveraging flow batteries for large-scale renewable integration and energy security. The region's push toward sustainability, supported by government incentives and clean energy policies, is fostering the adoption of flow batteries in sectors like utilities, industrial applications, and microgrids, positioning Asia-Pacific as a crucial hub for flow battery deployment and innovation.

Region with highest CAGR:

North America is projected to witness the highest CAGR over the forecast period, owing to increasing demand for renewable energy integration and grid stability. The U.S. and Canada are leading adopters, focusing on large-scale energy storage projects to enhance grid resilience and support intermittent renewable sources like wind and solar. Government policies, such as clean energy targets and tax incentives, are accelerating the deployment of flow batteries across utility, industrial, and commercial sectors. The market is also benefiting from advancements in energy storage technology, promoting long-duration storage solutions to meet future energy demands.

Key players in the market

Some of the key players profiled in the Flow Battery Market include Siemens, General Electric Vernova Inc., Honeywell, ABB Limited, Redflow Limited, Delectrick Systems, Primus Power, Vionx Energy Corporation, Sumitomo Electric Industries, Ltd., Largo Clean Energy, Invinity Energy Systems, H2, Inc., UniEnergy Technologies, JenaBatteries GmbH, Lockheed Martin Corporation, Schmid Group, CMBlu Energy AG, Gildemeister Energy Solutions, EnSync Energy Systems, CellCube.

Key Developments:

In September 2024, Indian battery manufacturer Delectrick Systems has launched a new 10MWh vanadium flow battery-based energy storage system (ESS) to support large-scale and utility-scale projects. The 2MW/10MWh 5-hour duration system aims to support large-scale developers by granting a product that provides around 200MWh per acre.

In September 2024, GE Vernova Inc. launched its advanced containerized solution for Battery Enabled Energy Storage (BESS) - the RESTORE DC Block - which offers enhanced safety, efficiency, flexibility, and long-term performance.

Types Covered:

• Redox Flow Battery
• Hybrid Flow Battery

Materials Covered:

• Vanadium
• Zinc-Bromine
• Iron-Chromium
• Other Materials

Storage Capacities Covered:

• Small-scale (Up to 100 kW)
• Medium-scale (100 kW to 500 kW)
• Large-scale (Above 500 kW)

Applications Covered:

• Energy & Power
• Commercial & Industrial (C&I)
• Automotive
• Telecommunications
• Defense & Military
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Application Analysis
• 3.7 Emerging Markets
• 3.8 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Flow Battery Market, By Type

• 5.1 Introduction
• 5.2 Redox Flow Battery
• 5.3 Hybrid Flow Battery

6 Global Flow Battery Market, By Material

• 6.1 Introduction
• 6.2 Vanadium
• 6.3 Zinc-Bromine
• 6.4 Iron-Chromium
• 6.5 Other Materials

7 Global Flow Battery Market, By Storage Capacity

• 7.1 Introduction
• 7.2 Small-scale (Up to 100 kW)
• 7.3 Medium-scale (100 kW to 500 kW)
• 7.4 Large-scale (Above 500 kW)

8 Global Flow Battery Market, By Application

• 8.1 Introduction
• 8.2 Energy & Power
• 8.3 Commercial & Industrial (C&I)
• 8.4 Automotive
• 8.5 Telecommunications
• 8.6 Defense & Military
• 8.7 Other Applications

9 Global Flow Battery Market, By Geography

• 9.1 Introduction
• 9.2 North America
  • 9.2.1 US
  • 9.2.2 Canada
  • 9.2.3 Mexico
• 9.3 Europe
  • 9.3.1 Germany
  • 9.3.2 UK
  • 9.3.3 Italy
  • 9.3.4 France
  • 9.3.5 Spain
  • 9.3.6 Rest of Europe
• 9.4 Asia Pacific
  • 9.4.1 Japan
  • 9.4.2 China
  • 9.4.3 India
  • 9.4.4 Australia
  • 9.4.5 New Zealand
  • 9.4.6 South Korea
  • 9.4.7 Rest of Asia Pacific
• 9.5 South America
  • 9.5.1 Argentina
  • 9.5.2 Brazil
  • 9.5.3 Chile
  • 9.5.4 Rest of South America
• 9.6 Middle East & Africa
  • 9.6.1 Saudi Arabia
  • 9.6.2 UAE
  • 9.6.3 Qatar
  • 9.6.4 South Africa
  • 9.6.5 Rest of Middle East & Africa

10 Key Developments

• 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 10.2 Acquisitions & Mergers
• 10.3 New Product Launch
• 10.4 Expansions
• 10.5 Other Key Strategies

11 Company Profiling

• 11.1 Siemens
• 11.2 General Electric Vernova Inc.
• 11.3 Honeywell
• 11.4 ABB Limited
• 11.5 Redflow Limited
• 11.6 Delectrick Systems
• 11.7 Primus Power
• 11.8 Vionx Energy Corporation
• 11.9 Sumitomo Electric Industries, Ltd.
• 11.10 Largo Clean Energy
• 11.11 Invinity Energy Systems
• 11.12 H2, Inc.
• 11.13 UniEnergy Technologies
• 11.14 JenaBatteries GmbH
• 11.15 Lockheed Martin Corporation
• 11.16 Schmid Group
• 11.17 CMBlu Energy AG
• 11.18 Gildemeister Energy Solutions
• 11.19 EnSync Energy Systems
• 11.20 CellCube