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Global Flow Batteries Market: 2021-2026

  • ID: 5351735
  • Report
  • June 2021
  • Region: Global
  • 129 pages
  • BCC Research

FEATURED COMPANIES

  • ABB Ltd.
  • Enervault Corp.
  • Ge Energy Storage
  • Outback Power
  • S&C Electric Co.
  • Stem Inc.
  • MORE
The flow battery report covers all batteries that are currently available commercially. The market report also analyzes the end-use segments in which flow batteries find application at both the regional and country level.



The report provides market size and estimations in terms of revenue (U.S. currency), considering 2020 as the base year with a market forecast provided from 2021 to 2026. The market size for regional and country level also is covered. The report also analyzes the impact of the COVID-19 pandemic on the market estimations.

In terms of battery technology, the market for flow batteries is segmented into:
  • Vanadium redox flow battery (VRFB).
  • Zinc bromine (ZnBr) flow battery.
  • Other batteries.
In terms of application, the market for flow batteries is segmented into:
  • Load shifting.
  • Peaking capacity.
  • Microgrid formation.
  • Others.
In terms of end-use, the market for flow batteries is segmented into:
  • Utility.
  • Commercial.
  • Residential.
The Report Includes:
  • 43 data tables and 11 additional tables
  • An overview of the global market for flow batteries
  • Estimation of the market size and analyses of market trends, with data from 2020, estimates for 2021 and projection of CAGR through 2026
  • Market share analysis of flow batteries by type, end use, application, and region, and evaluation of market size and forecast, and detailed analysis of drivers, challenges, and opportunities affecting market growth
  • Description of flow batteries functioning that makes them the safest batteries with negligible risk of fire hazards, and discussion on how flow batteries are different from conventional batteries and high-temperature batteries
  • Coverage of recent R&D activities and insights into regulations and norms concerning the flow batteries market
  • Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
  • Comprehensive company profiles of major players, including Redflow, ESS Inc., Vionx Energy, Unienergy Technologies, EnerVault Corp., Primus Power and Sumitomo Electric Industries Ltd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd.
  • Enervault Corp.
  • Ge Energy Storage
  • Outback Power
  • S&C Electric Co.
  • Stem Inc.
  • MORE
Chapter 1 Introduction
  • Study Goals and Objectives
  • Reasons for Doing This Study
  • Scope of Report
  • Information Sources
  • Methodology
  • Geographic Breakdown
  • Analyst's Credentials
  • Custom Research
  • Related Reports
Chapter 2 Summary and Highlights

Chapter 3 Market and Technology Background
  • Industry Overview
  • Batteries
  • General Description
  • Battery Technology: A Brief History
  • General Battery Characteristics
  • Voltage
  • Capacity
  • Shelf Life
  • Drain
  • Safety
  • Utility-Scale Electricity Storage
  • Overall Challenges
  • Flow Batteries
  • Flow Battery Categories
  • Vanadium Redox
  • Hybrid Flow Batteries
  • Battery Energy Storage: Technology Comparison
  • Background
  • Market Drivers
  • Rising Energy Prices
  • Investments: R&D and Demonstration Projects
  • Renewable Energy Integration
  • Smart Grids and Distributed Power Generation Systems
  • Electric Vehicles
  • Changing National Policies
  • Deregulating Electric Utility Markets
  • Overall Challenges: Grid-Scale Electricity Storage Technology and Flow Batteries
  • Implementing Large-Scale EES
  • High Capital Costs
  • Regulatory Challenges
  • Overall Growth Barriers: Grid-Scale Electricity Storage Technology and Flow Batteries
  • Conservatism in the Utility Industry
  • Large-Scale Demonstration Projects
  • Competition
  • Energy Loss During Storage
  • Economic Risk
  • Drawbacks
Chapter 4 Market Breakdown by Battery Technology
  • Introduction
  • Vanadium Redox Flow Battery
  • Overview
  • Market Size and Forecast
  • Zinc-Bromine Flow Battery
  • Overview
  • Market Size and Forecast
  • Other Flow Batteries
  • Overview
  • Market Size and Forecast
Chapter 5 Market Breakdown by Application
  • Introduction
  • Load Shifting
  • Overview
  • Market Size and Forecast
  • Peaking Capacity
  • Overview
  • Market Size and Forecast
  • Microgrid Formation
  • Overview
  • Market Size and Forecast
  • Others
  • Overview
  • Market Size and Forecast
Chapter 6 Market Breakdown by End Use
  • Introduction
  • Utility
  • Overview
  • Market Size and Forecast
  • Commercial
  • Overview
  • Market Size and Forecast
  • Residential
  • Overview
  • Market Size and Forecast
Chapter 7 Market Breakdown by Region
  • Introduction
  • North America
  • Overview
  • Market Size by Segment
  • Market Size and Forecast
  • Market Size by Country
  • Europe
  • Overview
  • Market Size and Forecast
  • Market Size by Segment
  • Market Size by Country
  • Asia-Pacific
  • Overview
  • Market Size by Segment
  • Market Size and Forecast
  • Market Size by Country
  • LAMEA
  • Overview
  • Market Size by Segment
  • Market Size and Forecast
Chapter 8 Competitive Analysis
  • Key Players and Industry Competition
  • Recent Developments
  • Key Players
Chapter 9 Battery R&D Organizations

Chapter 10 Company Profiles
  • American Vanadium
  • Enervault Corp.
  • Ensync Inc.
  • ESS Inc.
  • Imergy Power Systems
  • Invinity Energy Systems Plc
  • Prudent Energy
  • Primus Power
  • Redflow Ltd.
  • Schmid Group
  • Sumitomo Electric Industries Ltd.
  • Unienergy Technologies Llc
  • Vionx Energy Corp.
  • Vizn Energy
  • Younicos Inc.
  • Manufacturers: Related Components
  • ABB Ltd.
  • Alevo U.S.
  • Axion Power International Inc.
  • Bosch Group
  • Dynapower Energy Management
  • Furukawa Battery
  • GE Energy Storage
  • Green Charge Networks
  • Greensmith Energy Management Systems
  • Hudson Clean Energy Partners
  • JLM Energy Inc.
  • Outback Power
  • S&C Electric Co.
  • Sharp
  • Siemens Energy
  • Stem Inc.
  • Sunverge Energy
  • Toshiba Power Generation Division
  • Xtreme Power
List of Tables
Summary Table: Global Market for Flow Batteries, by Region, Through 2026
Table 1: List of Grid-Scale Battery Storage Technologies
Table 2: Large and Advanced Battery Systems
Table 3: Technical Characteristics: VRB Systems, by Application
Table 4: ZnBr Battery Cost, by Size and Application, 2010
Table 5: Technologies for Large-Scale Energy Storage
Table 6: Global Market for Flow Batteries, by Battery Technology, Through 2026
Table 7: Global Market for Flow Batteries, by Application, Through 2026
Table 8: Global Market for Flow Batteries, by End Use, Through 2026
Table 9: Global Market for Flow Batteries, by Region, Through 2026
Table 10: North America: Key Country Figures, 2020
Table 11: Existing and Planned (Proposed, Under Construction, Contracted, Announced), U.S. Energy Storage Technologies, Split, by Capacity, 2019
Table 12: Existing and Planned (Proposed, Under Construction, Contracted, Announced), U.S. Energy Storage Technologies, Split, by Capacity, 2019
Table 13: Major North American Grid-Scale Electricity Storage Component Manufacturers and Engineers
Table 14: North American Market for Flow Batteries, by Battery Technology, Through 2026
Table 15: North American Market for Flow Batteries, by Application, Through 2026
Table 16: North American Market for Flow Batteries, by End Use, Through 2026
Table 17: U.S. Market for Flow Batteries, by Battery Technology, Through 2026
Table 18: U.S. Market for Flow Batteries, by End Use, Through 2026
Table 19: Canadian Market for Flow Batteries, by Battery Technology, Through 2026
Table 20: Canadian Market for Flow Batteries, by End Use, Through 2026
Table 21: Western Europe: Key Country Demographics, 2020
Table 22: European Market for Flow Batteries, by Battery Technology, Through 2026
Table 23: European Market for Flow Batteries, by Application, Through 2026
Table 24: European Market for Flow Batteries, by End Use, Through 2026
Table 25: German Market for Flow Batteries, by Battery Technology, Through 2026
Table 26: German Market for Flow Batteries, by End Use, Through 2026
Table 27: French Market for Flow Batteries, by Battery Technology, Through 2026
Table 28: French Market for Flow Batteries, by End Use, Through 2026
Table 29: U.K. Market for Flow Batteries, by Battery Technology, Through 2026
Table 30: U.K. Market for Flow Batteries, by End Use, Through 2026
Table 31: Spanish Market for Flow Batteries, by Battery Technology, Through 2026
Table 32: Spanish Market for Flow Batteries, by End Use, Through 2026
Table 33: Rest of European Market for Flow Batteries, by Battery Technology, Through 2026
Table 34: Rest of European Market for Flow Batteries, by End Use, Through 2026
Table 35: Asia-Pacific: Key Country Demographics, 2020
Table 36: Asia-Pacific Market for Flow Batteries, by Battery Technology, Through 2026
Table 37: Asia-Pacific Market for Flow Batteries, by Application, Through 2026
Table 38: Asia-Pacific Market for Flow Batteries, by End Use, Through 2026
Table 39: Chinese Market for Flow Batteries, by Battery Technology, Through 2026
Table 40: Chinese Market for Flow Batteries, by End Use, Through 2026
Table 41: Indian Market for Flow Batteries, by Battery Technology, Through 2026
Table 42: Indian Market for Flow Batteries, by End Use, Through 2026
Table 43: Japanese Market for Flow Batteries, by Battery Technology, Through 2026
Table 44: Japanese Market for Flow Batteries, by End Use, Through 2026
Table 45: Australian Market for Flow Batteries, by Battery Technology, Through 2026
Table 46: Australian Market for Flow Batteries, by End Use, Through 2026
Table 47: South Korean Market for Flow Batteries, by Battery Technology, Through 2026
Table 48: South Korean Market for Flow Batteries, by End Use, Through 2026
Table 49: Rest of Asia-Pacific Market for Flow Batteries, by Battery Technology, Through 2026
Table 50: Rest of Asia-Pacific Market for Flow Batteries, by End Use, Through 2026
Table 51: LAMEA Market for Flow Batteries, by Battery Technology, Through 2026
Table 52: LAMEA Market for Flow Batteries, by Application, Through 2026
Table 53: LAMEA Market for Flow Batteries, by End Use, Through 2026

List of Figures
Summary Figure: Global Market for Flow Batteries, by Region, 2020-2026
Figure 1: Flow Battery System
Figure 2: Flow Battery Cell Construction
Figure 3: ZnBr Battery Composition
Figure 4: Global Market Shares of Flow Batteries, by Battery Technology, 2020
Figure 5: Global Market for Flow Batteries, by VRFB Technology, 2020-2026
Figure 6: Global Market for Flow Batteries, by ZnBr Flow battery Technology, 2020-2026
Figure 7: Global Market for Other Types of Battery Technologies, 2020-2026
Figure 8: Global Market Shares of Flow Batteries, by Application, 2020
Figure 9: Global Market for Flow Batteries in Load Shifting Applications, 2020-2026
Figure 10: Global Market for Flow Batteries in Peaking Capacity Applications, 2020-2026
Figure 11: Global Market for Flow Batteries in Microgrid Formation Applications, 2020-2026
Figure 12: Global Market for Flow Batteries in Other Applications, 2020-2026
Figure 13: Global Market Shares of Flow Batteries, by End Use, 2020
Figure 14: Global Market for Flow Batteries in Utility End Uses, 2020-2026
Figure 15: Global Market for Flow Batteries in Commercial End Uses, 2020-2026
Figure 16: Global Market for Flow Batteries in Residential End Uses, 2020-2026
Figure 17: Global Market Shares of Flow Batteries, by Region, 2020
Figure 18: North American Market for Flow Batteries, 2020-2026
Figure 19: U.S. Market for Flow Batteries, 2020-2026
Figure 20: Canadian Market for Flow Batteries, 2020-2026
Figure 21: European Market for Flow Batteries, 2020-2026
Figure 22: German Market for Flow Batteries, 2020-2026
Figure 23: French Market for Flow Batteries, 2020-2026
Figure 24: U.K. Market for Flow Batteries, 2020-2026
Figure 25: Spanish Market for Flow Batteries, 2020-2026
Figure 26: Rest of European Market for Flow Batteries, 2020-2026
Figure 27: Asia-Pacific Market for Flow Batteries, 2020-2026
Figure 28: Chinese Market for Flow Batteries, 2020-2026
Figure 29: Indian Market for Flow Batteries, 2020-2026
Figure 30: Japanese Market for Flow Batteries, 2020-2026
Figure 31: Australian Market for Flow Batteries, 2020-2026
Figure 32: South Korean Market for Flow Batteries, 2020-2026
Figure 33: Rest of Asia-Pacific Market for Flow Batteries, 2020-2026
Figure 34: LAMEA Market for Flow Batteries, 2020-2026
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd.
  • Enervault Corp.
  • Ge Energy Storage
  • Outback Power
  • S&C Electric Co.
  • Stem Inc.
  • MORE
Flow batteries are electrochemical storage batteries that have gained significant traction in recent years and are seen as a promising emerging storage technology apart from lithium-ion batteries. As the demand for energy storage technologies continues to rise due to increased electricity generation from renewable energy sources like solar and wind, players as well as the consumers are exploring different categories of batteries suited for their purpose. Currently, Lithium-ion batteries dominate the electrochemical batteries space, whereas pumped hydro segment is still the largest segment for energy storage technologies. There are many emerging technologies such as flywheels, supercapacitors and solid state batteries among others that have specific properties and are suitable for specific applications.

Among them, flow batteries are gaining significant traction due to their suitability for large-scale storage applications. Flow batteries also are among the safest batteries and have a long life-cycle, making them highly suitable for large-scale long-term storage applications. Advancements in flow battery technologies are reducing system costs, which is another favorable indicator for flow battery users. Furthermore, China’s deployment of large-scale flow battery projects has led to speculations and optimism for the global adoption of flow batteries. However, the flow batteries industry still has not been fully commercialized due to the high installation and maintenance cost of flow batteries.

Among flow battery technologies, vanadium redox flow batteries (VRFB) dominate the flow battery industry due to superior technology and the product’s significant adoption by China. Also, the properties of vanadium electrolyte are highly suitable for flow battery technology and attaining a long-life product cycle. Because flow batteries require a large-scale setup and economically feasible with large-scale applications, they are suitable for grid scale-operations or at electricity generation centers. Therefore, load shifting and peaking capacity currently are the biggest application segments for flow batteries. For similar reasons, the utility segment is the largest end-use segment in the market for flow batteries.

Asia-Pacific leads all regions in flow battery consumption. China is the largest consumer of flow batteries due to significant vanadium raw material availability and the country’s leading technology. In other countries, flow batteries are steadily gaining traction. Currently, several startups and small-scale industries are operating in this space. Large-scale companies like Lockheed Martin are conducting significant research that might lead to its entry into the market for flow batteries.

Redflow, ESS Inc., Vionx Energy, Unienergy Technologies, EnerVault Corp., Primus Power, Sumitomo, Electric Industries Ltd., ViZn Energy, Younicos inc., Primus Power are major companies operating in the market for flow batteries.
Note: Product cover images may vary from those shown
  • ABB Ltd.
  • Alevo U.S.
  • American Vanadium
  • Axion Power International Inc.
  • Bosch Group
  • Dynapower Energy Management
  • Enervault Corp.
  • Ensync Inc.
  • ESS Inc.
  • Furukawa Battery
  • Ge Energy Storage
  • Green Charge Networks
  • Greensmith Energy Management Systems
  • Hudson Clean Energy Partners
  • Imergy Power Systems
  • Invinity Energy Systems Plc
  • Jlm Energy Inc.
  • Outback Power
  • Primus Power
  • Prudent Energy
  • Redflow Ltd.
  • S&C Electric Co.
  • Schmid Group
  • Sharp
  • Siemens Energy
  • Stem Inc.
  • Sumitomo Electric Industries Ltd.
  • Sunverge Energy
  • Toshiba Power Generation Division
  • Unienergy Technologies Llc
  • Vionx Energy Corp.
  • Vizn Energy
  • Xtreme Power
  • Younicos Inc.
Note: Product cover images may vary from those shown
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