The Global Market for Redox Flow Batteries 2024-2034

PUBLISHED: February 5, 2024

PAGES: 136 Pages, 51 Tables, 28 Figures

DELIVERY TIME: 1-2 business days

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The redox flow battery market shows strong potential for significant expansion as a long-duration, sustainable energy storage solution able to uniquely meet demands emerging across utility, C&I, EV infrastructure, telecom and off-grid sectors. The Global Market for Redox Flow Batteries 2024-2034 provides a comprehensive analysis of the global market ranging from detailed technology overviews, current installed base and value chain, competitive landscape, regional market revenues and segmental forecasts to 2034, growth drivers and limitations.

The report offers insightful breakdowns covering all major flow battery chemistries including vanadium, zinc-bromine, iron-chromium, all-iron, zinc-iron, hydrogen-bromine, hydrogen-manganese and emerging organic types. Historical global market figures are provided along with granular 10-year annual growth projections by battery chemistry, key geography and major end use case markets like utility storage, behind-the-meter, UPS systems, EV infrastructure, remote area microgrids and telecom backup.

Additionally, the report outlines growth opportunities, trends, challenges, recent funding activities and actual fielded project examples in detail, equipping strategic decision makers with unparalleled insights into the next frontier of sustainable energy storage.

Report contents include:

Technology Overviews
Operating principles
Chemistry types - vanadium, zinc-bromine, polysulfide bromine, iron-chromium, all-iron, zinc-iron, hydrogen-based
Emerging concepts - semi-solid, solar integration, metal-CO2
Hybrid flow batteries
Market Analysis
Drivers and trends
Installed base and outlook to 2034
Value chain assessment
Recent news and funding developments
Global installed sites and projects
Competitor landscape
SWOT analysis
Cost structure comparisons
Applications roadmap
Segment market sizes by end-use case
Company Profiles
50+ manufacturers covered. Companies covered include CellCube, Cerq, CMBlu Energy AG, Dalian Rongke Power, Invinity Energy Systems, StorEn Technologies, Sumitomo Electric etc. (Full list of companies in table of contents)
Overviews, value propositions
Technical partnerships -Installed base and capabilities
Market Data and Forecasts
2018-2034 granular projections
Revenues by chemistry type
End-use case market sizes
Regional market outlook
Growth Opportunities and Challenges
Scenario analysis
Future applications
Limitations to address

1. INTRODUCTION

1.1. Flow Battery Principles
1.2. Advantages and disadvantages
1.3. Types
- 1.3.1. Redox flow batteries
  - 1.3.1.1. Vanadium redox flow batteries (VRFB)
  - 1.3.1.2. Zinc-bromine flow batteries (ZnBr)
  - 1.3.1.3. Polysulfide bromine flow batteries (PSB)
  - 1.3.1.4. Iron-chromium flow batteries (ICB)
  - 1.3.1.5. All-Iron flow batteries
  - 1.3.1.6. Zinc-iron (Zn-Fe) flow batteries
  - 1.3.1.7. Hydrogen-bromine (H-Br) flow batteries
  - 1.3.1.8. Hydrogen-Manganese (H-Mn) flow batteries
  - 1.3.1.9. Organic flow batteries
1.4. Emerging Flow-Batteries
- 1.4.1. Semi-Solid Redox Flow Batteries
- 1.4.2. Solar Redox Flow Batteries
- 1.4.3. Air-Breathing Sulfur Flow Batteries
- 1.4.4. Metal-CO2 Batteries
1.5. Hybrid Flow Batteries
- 1.5.1.1. Zinc-Cerium Hybrid Flow Batteries
- 1.5.1.2. Zinc-Polyiodide Flow Batteries
- 1.5.1.3. Zinc-Nickel Hybrid Flow Batteries
- 1.5.1.4. Zinc-Bromine Hybrid Flow Batteries
- 1.5.1.5. Vanadium-Polyhalide Flow Batteries

2. MARKET ANALYSIS

2.1. Market drivers
2.2. Market trends
2.3. Current market and outlook
2.4. Value chain
2.5. Recent market news, funding and developments
2.6. Redox flow battery installations
2.7. Competitive landscape
2.8. SWOT analysis
2.9. Cost analysis
2.10. Applications roadmap
2.11. End Use Markets
- 2.11.1. Utility grid energy storage
  - 2.11.1.1. Market overview
  - 2.11.1.2. Advantages
  - 2.11.1.3. Limitations
  - 2.11.1.4. Applications
  - 2.11.1.5. Market players
- 2.11.2. Renewable energy storage
  - 2.11.2.1. Market overview
  - 2.11.2.2. Advantages
  - 2.11.2.3. Limitations
  - 2.11.2.4. Applications
  - 2.11.2.5. Market players
- 2.11.3. UPS and backup systems
  - 2.11.3.1. Market overview
  - 2.11.3.2. Advantages
  - 2.11.3.3. Limitations
  - 2.11.3.4. Applications
  - 2.11.3.5. Market players
- 2.11.4. Telecom network energy storage
  - 2.11.4.1. Market overview
  - 2.11.4.2. Advantages
  - 2.11.4.3. Limitations
  - 2.11.4.4. Applications
  - 2.11.4.5. Market players
- 2.11.5. Electric vehicle charging
  - 2.11.5.1. Market overview
  - 2.11.5.2. Advantages
  - 2.11.5.3. Limitations
  - 2.11.5.4. Applications
  - 2.11.5.5. Market players
- 2.11.6. Residential and C&I Storage
  - 2.11.6.1. Market overview
  - 2.11.6.2. Advantages
  - 2.11.6.3. Limitations
  - 2.11.6.4. Applications
  - 2.11.6.5. Market players
- 2.11.7. Other
2.12. Global revenues for flow batteries, 2018-2034
- 2.12.1. By type
- 2.12.2. By end-use market
- 2.12.3. By region
2.13. Market challenges

3. COMPANY PROFILES

3.1. Agora Energy Technologies Ltd.
3.2. Allegro Energy Pty. Ltd.
3.3. Australian Vanadium Limited
3.4. Australia VRFB ESS Company (AVESS)
3.5. Big Pawer
3.6. CEC Science & Technology Co., Ltd.
3.7. CellCube
3.8. Cerq
3.9. CMBlu Energy AG
3.10. Dalian Rongke Power
3.11. Elestor
3.12. Energy Storage Industries
3.13. ESS Tech
3.14. Gelion Technologies
3.15. Green Energy Storage S.r.l. (GES)
3.16. H2 Inc.
3.17. HydraRedox Iberia S.L
3.18. Invinity Energy Systems
3.19. Jolt Energy Storage Solutions
3.20. Kemiwatt
3.21. Korid Energy / AVESS
3.22. Largo, Inc
3.23. Le System Co., Ltd.
3.24. LIVA Power Management Systems GmbH
3.25. nanoFlocell
3.26. Nuriplan Co., Ltd.
3.27. Pinflow Energy Storage
3.28. Primus Power
3.29. Prolux Solutions
3.30. Quino Energy
3.31. Redox One
3.32. RedFlow
3.33. RFC Power Limited
3.34. Salgenx
3.35. SCHMID Group (Everflow)
3.36. Shanghai Electric Energy Storage Technology
3.37. Shen-Li High Tech
3.38. StorEn Technologies
3.39. Stryten Energy
3.40. Sumitomo Electric
3.41. Thorion Energy
3.42. thyssenkrupp
3.43. VanadiumCorp Resource Inc
3.44. Vanevo GmbH
3.45. VFlowTech
3.46. Visblue A/S
3.47. ViZn Energy Systems Inc
3.48. Volterion GmbH
3.49. VoltStorage GmbH
3.50. VRB Energy
3.51. WattJoule
3.52. WeView

4. RESEARCH METHODOLOGY

5. REFERENCES

List of Tables

Table 1. Advantages and disadvantages of flow batteries
Table 2. Comparison of different battery types
Table 3. Summary of main flow battery types
Table 4. Vanadium redox flow batteries (VRFB)-key features, advantages, limitations, performance, components and applications
Table 5. Market players in Vanadium redox flow batteries (VRFB)
Table 6. Zinc-bromine (ZnBr) flow batteries-key features, advantages, limitations, performance, components and applications
Table 7. Market players in Zinc-Bromine Flow Batteries (ZnBr)
Table 8. Polysulfide bromine flow batteries (PSB)-key features, advantages, limitations, performance, components and applications
Table 9. Iron-chromium (ICB) flow batteries-key features, advantages, limitations, performance, components and applications
Table 10. Market players in Iron-chromium (ICB) flow batteries
Table 11. All-Iron flow batteries-key features, advantages, limitations, performance, components and applications
Table 12. Market players in All-iron Flow Batteries
Table 13. Zinc-iron (Zn-Fe) flow batteries-key features, advantages, limitations, performance, components and applications
Table 14. Market players in Zinc-iron (Zn-Fe) Flow Batteries
Table 15. Hydrogen-bromine (H-Br) flow batteries-key features, advantages, limitations, performance, components and applications
Table 16. Market players in Hydrogen-bromine (H-Br) flow batteries
Table 17. Hydrogen-Manganese (H-Mn) flow batteries-key features, advantages, limitations, performance, components and applications
Table 18. Market players in Hydrogen-Manganese (H-Mn) Flow Batteries
Table 19. Materials in Organic Redox Flow Batteries (ORFB)
Table 20. Key Active species for ORFBs
Table 21. Organic flow batteries-key features, advantages, limitations, performance, components and applications
Table 22. Market players in Organic Redox Flow Batteries (ORFB)
Table 23. Zinc-Cerium Hybrid flow batteries-key features, advantages, limitations, performance, components and applications
Table 24. Zinc-Polyiodide Hybrid Flow batteries-key features, advantages, limitations, performance, components and applications
Table 25. Zinc-Nickel Hybrid Flow batteries-key features, advantages, limitations, performance, components and applications
Table 26. Zinc-Bromine Hybrid Flow batteries-key features, advantages, limitations, performance, components and applications
Table 27. Vanadium-Polyhalide Hybrid Flow batteries-key features, advantages, limitations, performance, components and applications
Table 28. Market drivers for redox flow batteries
Table 29. Market trends in redox flow batteries
Table 30. Redox flow battery value chain
Table 31. Recent market news, funding and developments in redox flow batteries
Table 32. Redox flow battery installations, current and planned
Table 33. Cost structure for redox flow battery systems
Table 34. Cost Comparison of Chemistries
Table 35. Applications of redox flow batteries in Utility Grid Energy Storage
Table 36. Market players in redox flow batteries in Utility Grid Energy Storage
Table 37. Application of flow batteries in renewable energy storage
Table 38. Market players in redox flow batteries in Renewable Energy Storage
Table 39. Application of flow batteries in UPS and backup systems
Table 40. Market players in redox flow batteries in UPS and backup systems
Table 41. Application of flow batteries in Telecom Network Energy Storage
Table 42. Market players in redox flow batteries in Telecom network energy storage
Table 43. Application of flow batteries in Electric vehicle charging
Table 44. Market players in redox flow batteries in electric vehicle charging
Table 45. Applications of flow batteries in Residential and C&I Storage
Table 46. Market players in redox flow batteries in Residential and C&I Storage
Table 47. Other markets and applications for redox flow batteries
Table 48. Global revenues for redox flow batteries, 2018-2034, by type (millions USD)
Table 49. Global revenues for redox flow batteries, 2018-2034, by end-use market (millions USD)
Table 50. Global revenues for flow batteries, 2018-2034, by region (millions USD)
Table 51. Market challenges in redox flow batteries

List of Figures

Figure 1. Scheme of a redox flow battery
Figure 2. Vanadium Redox Flow Battery schematic
Figure 3. SWOT analysis: Vanadium redox flow batteries (VRFB)
Figure 4. Schematic of zinc bromine flow battery energy storage system
Figure 5. SWOT analysis: Zinc-Bromine Flow Batteries (ZnBr)
Figure 6. SWOT analysis: Iron-chromium (ICB) flow batteries
Figure 7. SWOT analysis: Iron-chromium (ICB) flow batteries
Figure 8. Schematic of All-Iron Redox Flow Batteries
Figure 9. SWOT analysis: All-iron Flow Batteries
Figure 10. SWOT analysis: Zinc-iron (Zn-Fe) flow batteries
Figure 11. Schematic of Hydrogen-bromine flow battery
Figure 12. SWOT analysis: Hydrogen-bromine (H-Br) flow batteries
Figure 13. SWOT analysis: Hydrogen-Manganese (H-Mn) flow batteries
Figure 14. SWOT analysis: Organic redox flow batteries (ORFBs) batteries
Figure 15. Schematic of zinc-polyiodide redox flow battery (ZIB)
Figure 16. SWOT analysis for redox flow batteries market
Figure 17. Redox flow batteries applications roadmap
Figure 18. Global revenues for redox flow batteries, 2018-2034, by type (millions USD)
Figure 19. Global revenues for flow batteries, 2018-2034, by end-use market (millions USD)
Figure 20. Global revenues for flow batteries, 2018-2034, by region (millions USD)
Figure 21. Rongke Power 400 MWh VRFB
Figure 22. Gelion Endure battery
Figure 23. Portable desalination plant
Figure 24. Largo - Model VCHARGE - Advanced Vanadium Redox Flow Battery System
Figure 25. Schematic of the quinone flow battery
Figure 26. Salgenx S3000 seawater flow battery
Figure 27. VFlowTech's PowerCube
Figure 28. VoltStorage VDIUM C50