Global Flow Batteries Strategic Business Report 2024: Market to Grow by Just Under $1 Billion to 2030 - Growing Focus on Long-Duration Energy Storage with Sustainable and Efficient Power Solutions

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Global Flow Batteries Market to Reach $1.3 Billion by 2030

The global market for Flow Batteries estimated at US$303.9 Million in the year 2022, is projected to reach a revised size of US$1.3 Billion by 2030, growing at a CAGR of 20.4% over the analysis period 2022-2030. Vanadium, one of the segments analyzed in the report, is projected to record a 20% CAGR and reach US$928.7 Million by the end of the analysis period. Growth in the Zinc-Bromine segment is estimated at 22.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $75.4 Million, While China is Forecast to Grow at 24.8% CAGR

The Flow Batteries market in the U.S. is estimated at US$75.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$234.8 Million by the year 2030 trailing a CAGR of 24.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.3% and 19% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 19.2% CAGR.
Key Attributes:

Report AttributeDetails
No. of Pages350
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$303.9 Million
Forecasted Market Value (USD) by 2030$1300 Million
Compound Annual Growth Rate19.9%
Regions CoveredGlobal


  • Growing Focus on Long-Duration Energy Storage with Sustainable and Efficient Power Solutions Lays the Foundation for Growth for Flow Batteries
  • Manufacturers Focus on Addressing Challenges
  • Vanadium Flow Batteries Hog the Spotlight
  • Developing Economies to Boost Future Growth
  • Global Economic Update
  • Competition
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 77 Players Worldwide in 2023 (E)
  • An Introduction to Flow Batteries
  • Types of Flow Batteries & Technologies
  • Advantages & Disadvantages of Flow Batteries
  • Applications of Flow Batteries
  • Recent Market Activity
  • World Brands


  • Growth of Intermittent Renewable Energy Sources and the Resulting Need for Energy Storage: A Key Opportunity for Flow Batteries
  • Energy Storage Grange Challenge
  • Inevitable Rise in Energy Demand Post COVID-19 to Throw Spotlight on Renewable Energy & Energy Storage Technologies
  • Select Flow Batteries Projects for Energy Storage
  • Will Flow Batteries Surpass Li-ion for Large-scale Energy Storage
  • Flow Batteries Vs Lithium-Ion Batteries
  • Rise in Number of Startups in Flow Batteries Space
  • Growing Opportunities for Flow Batteries in Clean Energy Space
  • Innovative Compact & Affordable Flow Batteries to Spearhead New Era in Clean Energy
  • Flow Batteries: Potential to be a Game Changer for Electric Vehicles
  • Growing EV Adoption Pushes Up Stakes for Flow Batteries
  • Utilities: The Major End-Use Market for Flow Batteries
  • Need for Improved Energy Management amidst Increasing Demand for Electricity Benefits Market Expansion
  • Electricity Demand Patterns Encourage Market Expansion
  • Grid Modernization Programs Emphasize Grid Connected Energy Storage
  • Flow Batteries for Grid Storage
  • Redox Flow Battery for the Grid-Scale
  • Smart Grids Elevate the Prospects for Flow Batteries
  • Complex Infrastructure and Scale of Modern Data Centers Necessitates Energy Storage: Potential for Flow Batteries
  • Residential Applications to Witness Increased Penetration of Flow Batteries in the Long Run
  • Smaller Flow Battery Companies Witness Growth in Commercial and Residential Markets
  • Flow Batteries Hold Potential in Military Applications
  • Vanadium Emerges as a Preferred Electrolyte in Flow Batteries
  • Vanadium Flow Batteries Unveil Opportunities in Energy Storage
  • Vanadium Redox Flow Batteries: A High Growth Market
  • VRFBs Demonstrate Efficiency in Sustainable Energy Applications
  • Vanadium Redox Flow Batteries Face Stiff Challenge in Replacing Li-ion Batteries for Utility-Scale Storage
  • AI Control for VRFBs - The First-of-its-Kind Control Method for Improving Battery Performance for DC Microgrid Applications
  • Bromine Flow Batteries: Opportunities in Store
  • Hybrid Flow Battery Market: An Overview
  • Zinc-Bromine (ZnBr) Chemistry: A Reliable Hybrid Flow Battery
  • Zinc Iron Flow Batteries Gain Interest in Grid-Scale Energy Storage Applications
  • Redox Flow Batteries: Significant Potential in Storage Battery Market
  • Advancements in RFBs to Support the World Easily Transition to Sustainable Energy Future
  • RFB Projects On the Move
  • Technological Innovations & Advancements Drive Flow Batteries Demand
  • Rentable Electrolytes Model Comes into Spotlight for Flow Batteries to Compete Against Lithium Ion Batteries
  • Challenges Confronting Flow Batteries Market


  • Lockheed Martin Corporation
  • OCI Co., Ltd.
  • EnerVault
  • J. Schmalz GmbH
  • Aquion Energy, Inc.
  • Ashlawn Energy LLC
  • ESS, Inc.
  • Primus Power Corporation
  • Redflow Limited
  • H2, Inc.
  • Bushveld Energy
  • RFC Power
  • Australian Vanadium
  • Cellcube
  • Hydraredox

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Flow Batteries Market

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