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Flow Batteries - Global Strategic Business Report

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    Report

  • 350 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804893

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.

Select Competitors (Total 77 Featured) -

  • 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

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

Table of Contents

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • 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
  • Exhibit 1: Although Declining for the First Time Since the Russia-Ukraine War, Global Oil Prices Still Remains Higher Than 2019 Levels Which In Turn Will Take Inflation Longer Than Expected to Fall: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
  • Exhibit 2: Slower Than Anticipated Decline Makes Inflation a Stickier Than Expected Problem to Solve in 2023: Global Inflation Rates (In %) for the Years 2019 through 2024
  • Exhibit 3: Global Economy Slowly Limps Towards Recovery, Resiliently Navigating the War & Decades-High Inflation: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
  • Competition
  • Exhibit 4: Flow Batteries - Global Key Competitors Percentage Market Share in 2023 (E)
  • 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
  • INFLUENCER/PRODUCT/TECHNOLOGY INSIGHTS
  • Recent Market Activity
  • World Brands
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Growth of Intermittent Renewable Energy Sources and the Resulting Need for Energy Storage: A Key Opportunity for Flow Batteries
  • Exhibit 5: Global Energy Production: Breakdown of Electricity (Billion Kilowatt Hours) and Percentage Share by Energy Source (2030 & 2040)
  • Exhibit 6: Targets for Electricity Production from Renewable Energy Sources in Select Countries
  • 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
  • Exhibit 7: Global Investments in Clean Energy & Efficiency Technologies (In US$ Billion) for the Years 2020, 2021, 2022 & 2023
  • 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
  • Exhibit 8: Global Electric Vehicles (EVs) Annual Sales in ‘000 Units for Years 2020 - 2030
  • Utilities: The Major End-Use Market for Flow Batteries
  • Need for Improved Energy Management amidst Increasing Demand for Electricity Benefits Market Expansion
  • Exhibit 9: Global Energy Demand & Growth (In Million Tonnes of Oil Equivalent (Mtoe)) for the Years 1990, 2000, 2010, 2020, 2030 and 2040
  • 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
  • Exhibit 10: World Smart Grid Market Analysis of Annual Sales in US$ Billion for Years 2022 through 2030
  • 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
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Flow Batteries Market Analysis of Annual Sales in US$ Thousand for Years 2018 through 2030
  • Table 2: World Recent Past, Current & Future Analysis for Flow Batteries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 3: World Historic Review for Flow Batteries by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 4: World 12-Year Perspective for Flow Batteries by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2018, 2023 & 2030
  • Table 5: World Recent Past, Current & Future Analysis for Vanadium by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 6: World Historic Review for Vanadium by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 7: World 12-Year Perspective for Vanadium by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2018, 2023 & 2030
  • Table 8: World Recent Past, Current & Future Analysis for Zinc-Bromine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 9: World Historic Review for Zinc-Bromine by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 10: World 12-Year Perspective for Zinc-Bromine by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2018, 2023 & 2030
  • Table 11: World Recent Past, Current & Future Analysis for Other Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 12: World Historic Review for Other Materials by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 13: World 12-Year Perspective for Other Materials by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2018, 2023 & 2030
  • Table 14: World Recent Past, Current & Future Analysis for Utilities by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 15: World Historic Review for Utilities by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 16: World 12-Year Perspective for Utilities by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2018, 2023 & 2030
  • Table 17: World Recent Past, Current & Future Analysis for Commercial & Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 18: World Historic Review for Commercial & Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 19: World 12-Year Perspective for Commercial & Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2018, 2023 & 2030
  • Table 20: World Recent Past, Current & Future Analysis for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 21: World Historic Review for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 22: World 12-Year Perspective for Residential by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2018, 2023 & 2030
  • Table 23: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 24: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 25: World 12-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2018, 2023 & 2030
III. MARKET ANALYSIS

UNITED STATES
  • Flow Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • The US Energy Storage Market
  • Increased Focus of US States on Energy Storage Solutions Bodes Well for Flow Batteries Market
  • Market Analytics
  • Table 26: USA Recent Past, Current & Future Analysis for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 27: USA Historic Review for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 28: USA 12-Year Perspective for Flow Batteries by Material - Percentage Breakdown of Value Sales for Vanadium, Zinc-Bromine and Other Materials for the Years 2018, 2023 & 2030
  • Table 29: USA Recent Past, Current & Future Analysis for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 30: USA Historic Review for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 31: USA 12-Year Perspective for Flow Batteries by Application - Percentage Breakdown of Value Sales for Utilities, Commercial & Industrial, Residential and Other Applications for the Years 2018, 2023 & 2030
CANADA
  • Table 32: Canada Recent Past, Current & Future Analysis for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 33: Canada Historic Review for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 34: Canada 12-Year Perspective for Flow Batteries by Material - Percentage Breakdown of Value Sales for Vanadium, Zinc-Bromine and Other Materials for the Years 2018, 2023 & 2030
  • Table 35: Canada Recent Past, Current & Future Analysis for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 36: Canada Historic Review for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 37: Canada 12-Year Perspective for Flow Batteries by Application - Percentage Breakdown of Value Sales for Utilities, Commercial & Industrial, Residential and Other Applications for the Years 2018, 2023 & 2030
JAPAN
  • Flow Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • Market Analytics
  • Table 38: Japan Recent Past, Current & Future Analysis for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 39: Japan Historic Review for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 40: Japan 12-Year Perspective for Flow Batteries by Material - Percentage Breakdown of Value Sales for Vanadium, Zinc-Bromine and Other Materials for the Years 2018, 2023 & 2030
  • Table 41: Japan Recent Past, Current & Future Analysis for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 42: Japan Historic Review for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 43: Japan 12-Year Perspective for Flow Batteries by Application - Percentage Breakdown of Value Sales for Utilities, Commercial & Industrial, Residential and Other Applications for the Years 2018, 2023 & 2030
CHINA
  • Flow Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • Market Overview
  • Market Analytics
  • Table 44: China Recent Past, Current & Future Analysis for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 45: China Historic Review for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 46: China 12-Year Perspective for Flow Batteries by Material - Percentage Breakdown of Value Sales for Vanadium, Zinc-Bromine and Other Materials for the Years 2018, 2023 & 2030
  • Table 47: China Recent Past, Current & Future Analysis for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 48: China Historic Review for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 49: China 12-Year Perspective for Flow Batteries by Application - Percentage Breakdown of Value Sales for Utilities, Commercial & Industrial, Residential and Other Applications for the Years 2018, 2023 & 2030
EUROPE
  • Flow Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • Energy Storage to be Critical in the Coming Years
  • Market Analytics
  • Table 50: Europe Recent Past, Current & Future Analysis for Flow Batteries by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2022 through 2030 and % CAGR
  • Table 51: Europe Historic Review for Flow Batteries by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 52: Europe 12-Year Perspective for Flow Batteries by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2018, 2023 & 2030
  • Table 53: Europe Recent Past, Current & Future Analysis for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 54: Europe Historic Review for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 55: Europe 12-Year Perspective for Flow Batteries by Material - Percentage Breakdown of Value Sales for Vanadium, Zinc-Bromine and Other Materials for the Years 2018, 2023 & 2030
  • Table 56: Europe Recent Past, Current & Future Analysis for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 57: Europe Historic Review for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 58: Europe 12-Year Perspective for Flow Batteries by Application - Percentage Breakdown of Value Sales for Utilities, Commercial & Industrial, Residential and Other Applications for the Years 2018, 2023 & 2030
FRANCE
  • Table 59: France Recent Past, Current & Future Analysis for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 60: France Historic Review for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 61: France 12-Year Perspective for Flow Batteries by Material - Percentage Breakdown of Value Sales for Vanadium, Zinc-Bromine and Other Materials for the Years 2018, 2023 & 2030
  • Table 62: France Recent Past, Current & Future Analysis for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 63: France Historic Review for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 64: France 12-Year Perspective for Flow Batteries by Application - Percentage Breakdown of Value Sales for Utilities, Commercial & Industrial, Residential and Other Applications for the Years 2018, 2023 & 2030
GERMANY
  • Table 65: Germany Recent Past, Current & Future Analysis for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 66: Germany Historic Review for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 67: Germany 12-Year Perspective for Flow Batteries by Material - Percentage Breakdown of Value Sales for Vanadium, Zinc-Bromine and Other Materials for the Years 2018, 2023 & 2030
  • Table 68: Germany Recent Past, Current & Future Analysis for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 69: Germany Historic Review for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 70: Germany 12-Year Perspective for Flow Batteries by Application - Percentage Breakdown of Value Sales for Utilities, Commercial & Industrial, Residential and Other Applications for the Years 2018, 2023 & 2030
ITALY
  • Table 71: Italy Recent Past, Current & Future Analysis for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 72: Italy Historic Review for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 73: Italy 12-Year Perspective for Flow Batteries by Material - Percentage Breakdown of Value Sales for Vanadium, Zinc-Bromine and Other Materials for the Years 2018, 2023 & 2030
  • Table 74: Italy Recent Past, Current & Future Analysis for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 75: Italy Historic Review for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 76: Italy 12-Year Perspective for Flow Batteries by Application - Percentage Breakdown of Value Sales for Utilities, Commercial & Industrial, Residential and Other Applications for the Years 2018, 2023 & 2030
UNITED KINGDOM
  • Table 77: UK Recent Past, Current & Future Analysis for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 78: UK Historic Review for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 79: UK 12-Year Perspective for Flow Batteries by Material - Percentage Breakdown of Value Sales for Vanadium, Zinc-Bromine and Other Materials for the Years 2018, 2023 & 2030
  • Table 80: UK Recent Past, Current & Future Analysis for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 81: UK Historic Review for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 82: UK 12-Year Perspective for Flow Batteries by Application - Percentage Breakdown of Value Sales for Utilities, Commercial & Industrial, Residential and Other Applications for the Years 2018, 2023 & 2030
REST OF EUROPE
  • Table 83: Rest of Europe Recent Past, Current & Future Analysis for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 84: Rest of Europe Historic Review for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 85: Rest of Europe 12-Year Perspective for Flow Batteries by Material - Percentage Breakdown of Value Sales for Vanadium, Zinc-Bromine and Other Materials for the Years 2018, 2023 & 2030
  • Table 86: Rest of Europe Recent Past, Current & Future Analysis for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 87: Rest of Europe Historic Review for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 88: Rest of Europe 12-Year Perspective for Flow Batteries by Application - Percentage Breakdown of Value Sales for Utilities, Commercial & Industrial, Residential and Other Applications for the Years 2018, 2023 & 2030
ASIA-PACIFIC
  • Flow Batteries Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • India: Growing Investments into Renewables Drives Need for Energy Storage
  • Flow Battery Emerges as Potential Alternative to Lead-acid and Li-ion Batteries in Large Industrial Applications
  • Market Analytics
  • Table 89: Asia-Pacific Recent Past, Current & Future Analysis for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 90: Asia-Pacific Historic Review for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 91: Asia-Pacific 12-Year Perspective for Flow Batteries by Material - Percentage Breakdown of Value Sales for Vanadium, Zinc-Bromine and Other Materials for the Years 2018, 2023 & 2030
  • Table 92: Asia-Pacific Recent Past, Current & Future Analysis for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 93: Asia-Pacific Historic Review for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 94: Asia-Pacific 12-Year Perspective for Flow Batteries by Application - Percentage Breakdown of Value Sales for Utilities, Commercial & Industrial, Residential and Other Applications for the Years 2018, 2023 & 2030
REST OF WORLD
  • Saudi Arabia: Market Overview
  • Market Analytics
  • Table 95: Rest of World Recent Past, Current & Future Analysis for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 96: Rest of World Historic Review for Flow Batteries by Material - Vanadium, Zinc-Bromine and Other Materials Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 97: Rest of World 12-Year Perspective for Flow Batteries by Material - Percentage Breakdown of Value Sales for Vanadium, Zinc-Bromine and Other Materials for the Years 2018, 2023 & 2030
  • Table 98: Rest of World Recent Past, Current & Future Analysis for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2022 through 2030 and % CAGR
  • Table 99: Rest of World Historic Review for Flow Batteries by Application - Utilities, Commercial & Industrial, Residential and Other Applications Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2018 through 2021 and % CAGR
  • Table 100: Rest of World 12-Year Perspective for Flow Batteries by Application - Percentage Breakdown of Value Sales for Utilities, Commercial & Industrial, Residential and Other Applications for the Years 2018, 2023 & 2030
IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • 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

Table Information