Please Wait.....
Report
Flow Battery - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-04-28 I 140 Pages I Mordor Intelligence
The Flow Battery Market size is estimated at USD 1.02 billion in 2025, and is expected to reach USD 2.08 billion by 2030, at a CAGR of 15.41% during the forecast period (2025-2030).
In 2020, COVID-19 had a detrimental effect on the market.Presently, the market has reached pre-pandemic levels.
Key Highlights
- Over the long term, the applications of the flow battery market are likely to grow during the study period due to the growing penetration of the technology in long-duration energy storage applications, such as renewable power systems, and their long service lives.
- On the other hand, because battery cells don't hold much energy, the market may not grow as fast in the near future.
- Nevertheless, the new technological innovations to diversify the scope of flow batteries in new commercial areas create tremendous opportunities for market growth.
- The Asia-Pacific region is expected to grow at the fastest rate during the forecast period due to many upcoming renewable energy and storage projects in the region.
Flow Battery Market Trends
Vanadium Redox Flow Batteries are Expected to Witness Significant Growth
- The Vanadium Redox Flow Battery (VRFB) is a Redox Flow Battery (RFB) that stores energy by using V2+/V3+ and V4+/V5+ redox couples of vanadium in the negative and positive half-cells, respectively.The power ratings and energy ratings of these batteries are not related to each other, and each can be optimized for a different type of use.
- Many countries have always worked to increase their energy needs without any gaps. As a result, many energy storage systems have been put in place in both stand-alone energy systems and renewable energy systems.
- Over the last decade, installed renewable energy capacity and generation have been rising steadily across the globe. During 2021, global installed renewable energy capacity stood at 3063.93 GW, increasing by nearly 9.1%. As renewable resources such as solar and wind generate power intermittently and at various levels, storing this energy during high demand is vital.
- Due to this, modern energy-storing systems (ESS) are becoming indispensable in renewable energy projects. The rapid growth in the renewable energy sector is expected to be one of the strongest drivers for the growth of the global ESS market.
- For example, in December 2022, Everdura, an industrial technology company in Taiwan, gave Invinity Energy Systems an order for 15 MWh.This shows that the need for VRF batteries is growing, which is what is expected to happen during the forecast period.
- With the development of newer, cheaper battery technologies, there are now a lot more residential, commercial, and industrial solar rooftop PV systems that also have ESS.
- Such developments are expected to propel the market during the forecast period.
Asia-Pacific is Expected to Dominate the Market
- Asia-Pacific is a major region for the manufacturing of batteries. The highest volumes of batteries worldwide are manufactured in this region. Countries like China and Japan have been instrumental in the development of batteries in the region. Another prominent driver for the region's battery market is the growing investments in energy storage projects, which are currently moving at the fastest pace in the region. Thus, many renewable energy and energy storage projects are expected to be announced in the coming years.
- Flow batteries have the advantages of easy transportability, modularity, and high efficiency. The batteries can be deployed on a large scale and can easily span the kW to MW range. As a result, stakeholders in Asia-Pacific are focused on developing power systems or grid energy storage systems in combination with renewable energy generation.
- Furthermore, China mandated energy storage systems for its solar and wind projects in its latest five-year plan (2021-25). This may also support the market's growth in the region during the study period.
- In August 2022, Rogkepower announced that a redox flow battery storage system would be used in a power project in the city of Dalian. The battery system can store energy from wind turbines and other sources for up to 400 megawatt-hours. The investment in the project is estimated to be around USD 281 million. As of August 2021, Rongke delivered a total of about 560 MWh of redox flow batteries. An additional 400 MWh of storage will be added to the Dalian project.
- Sumitomo Electric said in April 2022 that a 51 MWh flow battery project on the island of Hokkaido in northern Japan would be done.Hokkaido Island is a hotspot for clean energy because it has a lot of land that can be used. However, it has had trouble in recent years keeping up with the increased energy capacity on its grid, which is only partially connected to Honshu, Japan's most populated island, to its south.Hokkaido Electric has installed the new system at its Minami-Hayarai substation, and it will support the utility grid.Hokkaido Electric and the other stakeholders will split the costs of the battery operation.
- Thus, with new manufacturing facilities and projects for renewable energy and energy storage, the region is expected to lead the market over the next few years.
Flow Battery Industry Overview
The flow battery market is moderately fragmented. Some of the major players in the market are, in no particular order, VRB Energy, RedFlow Ltd., Invinity Energy Systems PLC, Primus Power Corporation, and ESS Tech Inc., among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD million, till 2028
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
4.7.1 Bargaining Power of Suppliers
4.7.2 Bargaining Power of Consumers
4.7.3 Threat of New Entrants
4.7.4 Threat of Substitutes Products and Services
4.7.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 Type
5.1.1 Vanadium Redox Flow Battery
5.1.2 Zinc Bromine Flow Battery
5.1.3 Iron Flow Battery
5.1.4 Zinc Iron Flow Battery
5.2 Geography
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 South America
5.2.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 VRB Energy
6.3.2 ESS Tech Inc.
6.3.3 Vanadis Power GmbH
6.3.4 Primus Power Corporation
6.3.5 RedFlow Ltd.
6.3.6 Invinity Energy Systems PLC
6.3.7 Dalian Rongke Power Co. Ltd.
6.3.8 CellCube Energy Storage Systems Inc.
6.3.9 Stryten Energy
6.3.10 H2, Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security