Flow Battery Market
Flow Battery Market - Global Industry Assessment & Forecast
Segments Covered
- By Battery Type Redox, Hybrid
- By Material Vanadium, Zinc Bromine, Other Materials
- By Storage Small-Scale, Large-Scale
- By Application Utilities, Commercial & Industrial, EV Charging Stations, Other Applications
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 270 Million |
Revenue 2030: | USD 1283 Million |
Revenue CAGR (2023 - 2030): | 21.51 % |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
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Executive Dashboard
- Strategic Imperatives
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Premium Insights
- Top 3 Trends to Watch
- Demand and Supply Trends
- Top 3 Strategies Followed by Major Players
- Top 3 Predictions by Vantage Market Research
- Top Investment Pockets
- Insights from Primary Respondents
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Global Flow Battery Market - Segment Analysis
- Overview
- Global Flow Battery Market, 2016 - 2028 (USD Million)
-
Global Flow Battery Market - by Battery Type
- By Redox
- By Hybrid
-
Global Flow Battery Market - by Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
-
Global Flow Battery Market - by Storage
- By Small-Scale
- By Large-Scale
-
Global Flow Battery Market - by Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
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Global Flow Battery Market - by region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Market comparative analysis
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North America Flow Battery Market - Segment Analysis
- Overview
- North America Flow Battery Market, 2016 - 2028 (USD Million)
-
North America Flow Battery Market, by Battery Type
- By Redox
- By Hybrid
-
North America Flow Battery Market, by Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
-
North America Flow Battery Market, by Storage
- By Small-Scale
- By Large-Scale
-
North America Flow Battery Market, by Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
-
North America Flow Battery Market, by Country
- U.S.
- U.S. Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- U.S. Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- U.S. Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- U.S. Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- U.S. Flow Battery Market, By Battery Type
- Canada
- Canada Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- Canada Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- Canada Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- Canada Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- Canada Flow Battery Market, By Battery Type
- Mexico
- Mexico Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- Mexico Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- Mexico Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- Mexico Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- Mexico Flow Battery Market, By Battery Type
- U.S.
-
Europe Flow Battery Market - Segment Analysis
- Overview
- Europe Flow Battery Market, 2016 - 2028 (USD Million)
-
Europe Flow Battery Market, by Battery Type
- By Redox
- By Hybrid
-
Europe Flow Battery Market, by Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
-
Europe Flow Battery Market, by Storage
- By Small-Scale
- By Large-Scale
-
Europe Flow Battery Market, by Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
-
Europe Flow Battery Market, by Country
- Germany
- Germany Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- Germany Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- Germany Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- Germany Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- Germany Flow Battery Market, By Battery Type
- UK
- UK Market, By Battery Type
- By Redox
- By Hybrid
- UK Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- UK Market, By Storage
- By Small-Scale
- By Large-Scale
- UK Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- UK Market, By Battery Type
- France
- France Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- France Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- France Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- France Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- France Flow Battery Market, By Battery Type
- Spain
- Spain Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- Spain Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- Spain Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- Spain Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- Spain Flow Battery Market, By Battery Type
- Italy
- Italy Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- Italy Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- Italy Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- Italy Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- Italy Flow Battery Market, By Battery Type
- BENELUX
- BENELUX Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- BENELUX Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- BENELUX Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- BENELUX Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- BENELUX Flow Battery Market, By Battery Type
- Rest of Europe
- Rest Of Europe Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- Rest Of Europe Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- Rest Of Europe Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- Rest Of Europe Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- Rest Of Europe Flow Battery Market, By Battery Type
- Germany
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Asia Pacific Flow Battery Market - Segment Analysis
- Overview
- Asia Pacific Flow Battery Market, 2016 - 2028 (USD Million)
-
Asia Pacific Flow Battery Market, by Battery Type
- By Redox
- By Hybrid
-
Asia Pacific Flow Battery Market, by Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
-
Asia Pacific Flow Battery Market, by Storage
- By Small-Scale
- By Large-Scale
-
Asia Pacific Flow Battery Market, by Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
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Asia Pacific Flow Battery Market, by Country
- China
- China Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- China Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- China Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- China Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- China Flow Battery Market, By Battery Type
- Japan
- Japan Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- Japan Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- Japan Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- Japan Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- Japan Flow Battery Market, By Battery Type
- India
- India Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- India Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- India Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- India Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- India Flow Battery Market, By Battery Type
- South Korea
- South Korea Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- South Korea Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- South Korea Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- South Korea Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- South Korea Flow Battery Market, By Battery Type
- South East Asia
- South East Asia Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- South East Asia Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- South East Asia Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- South East Asia Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- South East Asia Flow Battery Market, By Battery Type
- Rest of Asia Pacific
- Rest of Asia Pacific Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- Rest of Asia Pacific Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- Rest of Asia Pacific Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- Rest of Asia Pacific Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- Rest of Asia Pacific Flow Battery Market, By Battery Type
- China
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Latin America Flow Battery Market - Segment Analysis
- Overview
- Latin America Flow Battery Market, 2016 - 2028 (USD Million)
-
Latin America Flow Battery Market, by Battery Type
- By Redox
- By Hybrid
-
Latin America Flow Battery Market, by Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
-
Latin America Flow Battery Market, by Storage
- By Small-Scale
- By Large-Scale
-
Latin America Flow Battery Market, by Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
-
Latin America Flow Battery Market, by Country
- Brazil
- Brazil Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- Brazil Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- Brazil Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- Brazil Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- Brazil Flow Battery Market, By Battery Type
- Argentina
- Argentina Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- Argentina Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- Argentina Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- Argentina Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- Argentina Flow Battery Market, By Battery Type
- Rest of Latin America
- Rest of Latin America Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- Rest of Latin America Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- Rest of Latin America Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- Rest of Latin America Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- Rest of Latin America Flow Battery Market, By Battery Type
- Brazil
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Middle East & Africa Flow Battery Market - Segment Analysis
- Overview
- Middle East & Africa Flow Battery Market, 2016 - 2028 (USD Million)
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Middle East & Africa Flow Battery Market, by Battery Type
- By Redox
- By Hybrid
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Middle East & Africa Flow Battery Market, by Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
-
Middle East & Africa Flow Battery Market, by Storage
- By Small-Scale
- By Large-Scale
-
Middle East & Africa Flow Battery Market, by Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
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Middle East & Africa Flow Battery Market, by Country
- GCC Countries
- GCC Countries Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- GCC Countries Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- GCC Countries Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- GCC Countries Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- GCC Countries Flow Battery Market, By Battery Type
- South Africa
- South Africa Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- South Africa Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- South Africa Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- South Africa Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- South Africa Flow Battery Market, By Battery Type
- Rest of Middle East & Africa
- Rest of Middle East & Africa Flow Battery Market, By Battery Type
- By Redox
- By Hybrid
- Rest of Middle East & Africa Flow Battery Market, By Material
- By Vanadium
- By Zinc Bromine
- By Other Materials
- Rest of Middle East & Africa Flow Battery Market, By Storage
- By Small-Scale
- By Large-Scale
- Rest of Middle East & Africa Flow Battery Market, By Application
- By Utilities
- By Commercial & Industrial
- By EV Charging Stations
- By Other Applications
- Rest of Middle East & Africa Flow Battery Market, By Battery Type
- GCC Countries
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Key Market Dynamics
- Introduction
- Market Drivers
- Market Restraints
- Market Opportunities
- Porter's Five Forces Analysis
- PEST Analysis
- Regulatory Landscape
- Technology Landscape
- Regional Market Trends
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COVID 19 Impact Analysis
- Key strategies undertaken by companies to tackle COVID-19
- Short term dynamics
- Long term dynamics
-
Marketing Stratagy Analysis
- Marketing Channel
- Direct Marketing
- Indirect Marketing
- Marketing Channel Development Trends
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Competative Landscape
- Competition Matrix - 2021
- Company Market Share Analysis - 2021
- Key Company Activities, 2018 - 2021
- Strategic Developments - Heat Map Analysis
- Company Offering Evaluation
- Company Regional Presence Evaluation
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Company Profiles
- Sumitomo Electric Industries Ltd. (Japan)
- VRB Energy (Canada)
- Invinity Energy Systems (UK)
- Largo Inc. (Canada)
- Enerox GmbH (Austria)
- Redflow Limited (Australia)
- Stryten Energy (U.S.)
- ViZn Energy Systems (U.S.)
- Lockheed Martin Corporation (U.S.)
- Jenabatteries GmbH (Germany)
- SCHMID Group (Germany)
- Elestor BV (Netherlands)
- Primus Power Solutions (U.S.)
- ESS Inc. (U.S.)
- Key Primary Respondents - VERBATIM
- Discussion Guide
- Customization Offered
- Annexure
- List of Figures
- List of Tables
- List of Abbreviations
FAQ
Frequently Asked Question
What is the global demand for Flow Battery in terms of revenue?
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The global Flow Battery valued at USD 270 Million in 2022 and is expected to reach USD 1283 Million in 2030 growing at a CAGR of 21.51 %.
Which are the prominent players in the market?
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The prominent players in the market are Sumitomo Electric Industries Ltd. (Japan), VRB Energy (Canada), Invinity Energy Systems (UK), Largo Inc. (Canada), Enerox GmbH (Austria), Redflow Limited (Australia), Stryten Energy (U.S.), ViZn Energy Systems (U.S.), Lockheed Martin Corporation (U.S.), Jenabatteries GmbH (Germany), SCHMID Group (Germany), Elestor BV (Netherlands), Primus Power Solutions (U.S.), ESS Inc. (U.S.).
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 21.51 % between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Flow Battery include
- Growing demand for renewable energy sources
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Flow Battery in 2022.