Global Flow Batteries Strategic Business Report 2023: Need for Improved Energy Management Amidst Increasing Demand for Electricity Benefits Market Expansion

Dublin, March 23, 2023 (GLOBE NEWSWIRE) -- The "Flow Batteries: Global Strategic Business Report" report has been added to's offering.

The global market for Flow Batteries estimated at US$296.6 Million in the year 2022, is projected to reach a revised size of US$2 Billion by 2030, growing at a CAGR of 27% over the analysis period 2022-2030.

Vanadium, one of the segments analyzed in the report, is projected to record a 26.4% CAGR and reach US$1.3 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Zinc-Bromine segment is readjusted to a revised 29.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at $61 Million, While China is Forecast to Grow at 32.4% CAGR

The Flow Batteries market in the U.S. is estimated at US$61 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$402.4 Million by the year 2030 trailing a CAGR of 32.4% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 23.5% and 24.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 25% CAGR.

Select Competitors (Total 51 Featured) -

  • Elestor BV
  • ESS, Inc.
  • Invinity Energy Systems Plc
  • JenaBatteries GmbH
  • Kemwatt SAS
  • Largo Clean Energy Corp.
  • Lockheed Martin Corporation
  • nanoFlowcell Holdings Ltd.
  • Primus Power Corp.
  • Redflow Ltd.
  • Sumitomo Electric Industries, Ltd.
  • UniEnergy Technologies LLC (UET)
  • ViZn Energy Systems, Inc.
  • Volterion GmbH
  • VoltStorage GmbH
  • VRB Energy

Key Attributes:

Report AttributeDetails
No. of Pages295
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$296.6 Million
Forecasted Market Value (USD) by 2030$2000 Million
Compound Annual Growth Rate26.9%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • An Introduction to Flow Batteries
  • Types of Flow Batteries & Technologies
  • Advantages & Disadvantages of Flow Batteries
  • Applications of Flow Batteries
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • World Shifts to an Endemic COVID-19 Strategy With Focus on Multilateral Approach to Managing Future Pandemics
  • Why Multilateral Approach is Key to Dealing With Future Pandemics
  • War, Inflation & High Cost of Living Crisis Supersede COVID-19 as Major Downside Risks for the Global Economy in 2022 & Beyond
  • Here's How Inflationary Pressures Affect the Economy
  • Russia-Ukraine War, the Primary Culprit Responsible for the Hardships
  • Stubbornly High Inflation to Single Handedly Drag Down Global Growth
  • Here's What's Causing the Current Spike in Inflation
  • Shaken by the War, Global Oil Prices Spiral and Feed Inflationary Pressures, Guiding the World Towards a Cost of Living Crisis: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2022`
  • War-Induced Commodity Price Increases & Broad Based Price Pressures Mark the Return of Global Inflation in 2022 to the Highest Level Seen Since 1996: Global Inflation Rates (In %) for the Years 2019 Through 2024
  • War, Global Inflation, Cost of Living Crisis, Failed Fiscal Policy Attempts to Restore Price Stability & Contain Downside Risks to Result in Sharper-Than-Expected Slowdown in Global Economic Growth: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020, 2021, 2022 and 2023
  • Recession Triggered by Uncontrolled Inflation or Unemployment, Which is the Greater Evil? Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2023
  • COVID-19 Impact On Flow Batteries Market
  • Global Market Prospects & Outlook
  • Developing Economies to Boost Future Growth
  • World of Opportunity Ahead for Flow Batteries
  • Vanadium Flow Batteries Hog the Spotlight
  • Electrifying Growth from Utilities
  • Competition
  • Flow Batteries - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • World Brands
  • Recent Market Activity



  • Growth of Intermittent Renewable Energy Sources and the Resulting Need for Energy Storage: A Key Opportunity for Flow Batteries
  • Global Energy Production: Breakdown of Electricity (Billion Kilowatt Hours) and Percentage Share by Energy Source (2030 & 2040)
  • Targets for Electricity Production from Renewable Energy Sources in Select Countries
  • Inevitable Rise in Energy Demand Post COVID-19 to Throw Spotlight on Renewable Energy & Energy Storage Technologies
  • Will Flow Batteries Surpass Li-ion for Large-scale Energy Storage
  • Energy Storage Grange Challenge
  • Burgeoning Global Population Propels Demand for Electric Power
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Growing Opportunities for Flow Batteries in Clean Energy Space
  • Flow Batteries: Potential to be a Game Changer for Electric Vehicles
  • EV Industry Likely to See Significant Changes in Post COVID Period
  • Stringent Regulations Encompassing Emission Control & Phase-Out of Fossil Fuel Vehicles Prep the Auto Industry for an Electrified Future
  • Global Investments in Clean Energy & Efficiency Technologies (In US$ Billion) for the Years 2018, 2019 & 2020
  • Growing EV Adoption Pushes Up Stakes for Flow Batteries
  • Global Electric Car Fleet Size (In Thousand Units) for the Years 2014, 2016, 2018 and 2021
  • Utilities: The Major End-Use Market for Flow Batteries
  • Need for Improved Energy Management amidst Increasing Demand for Electricity Benefits Market Expansion
  • 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
  • Global Investments in Electricity Networks and Storage (In US$ Billion): 2000, 2008, 2012, 2016, and 2019
  • Flow Batteries for Grid Storage
  • Redox Flow Battery for the Grid-Scale
  • Smart Grids Elevate the Prospects for Flow Batteries
  • Global Market for Smart Grids (in US$ Billion) by Region for the Years 2018 and 2020
  • Complex Infrastructure and Scale of Modern Data Centers Necessitates Energy Storage: Potential for Flow Batteries
  • Rapid Growth in Telecom Tower Installations Fuels Need for Flow Batteries
  • Residential Applications to Witness Increased Penetration of Flow Batteries in the Long Run
  • Flow Batteries to Emerge as a Reliable Tool in Military Microgrids
  • 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
  • Bromine Flow Batteries: Opportunities in Store
  • Hybrid Flow Battery Market: An Overview
  • Zinc-Bromine (ZnBr) Chemistry: A Reliable Hybrid Flow Battery
  • Redox Flow Batteries: Significant Potential in Storage Battery Market
  • RFB Holds Immense Potential in Mitigating Supply & Demand Issues
  • Technological Innovations & Advancements Drive Flow Batteries Demand
  • New Solar Flow Battery with Increased Energy Conversion Efficiency
  • MIT Develops Chitin-Electrode Based Vanadium Flow Batteries
  • CIC EnergiGUNE Develops Novel Redox Organic Flow Battery
  • USC Research Team Develops AQDS-Iron Sulphate Based New Redox Flow Battery
  • Stanford Researchers Create New Type of Liquid Metal Based Flow Battery
  • IBM and ETH Develop Tiny Redox Flow Battery for Electronic Components
  • MIT Researchers Develop Sulfur Flow Battery for Cost-Efficient Long-Term Grid Storage
  • Harvard Researchers Demonstrate New Methuselah Quinone for Organic Flow Battery
  • Researchers Develop Aluminum-Air Flow Battery for EVs
  • Gelion's Flow Batteries Emerge as Alternatives to Li-Ion Batteries
  • ViZn Energy's Flow Batteries
  • Flow Batteries Vs Li-ion and PbA Batteries: A Review
  • Rentable Electrolytes Model Comes into Spotlight for Flow Batteries to Compete Against Lithium Ion Batteries
  • Challenges Confronting Flow Batteries Market




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Global Market for Flow Batteries