Chapter 1 Executive Summary
- Market Outlook
- Scope of Report
- Market Summary
- Market Dynamics and Growth Factors
- Analysis by Segment
- Regional Insights and Emerging Markets
- Conclusion
Chapter 2 Market Overview
- Market Overview and Future Scenarios
- Value Chain Analysis
- Raw Material Extraction
- Material Processing
- Component Manufacturers
- Product Assembly
- End-Use Applications and Integration
- Battery Recycling and Disposal
- Porter's Five Forces Model
- Bargaining Power of Buyers
- Bargaining Power of Suppliers
- Potential for New Entrants
- Competition in the Industry
- Threat of Substitutes
- Impact of Russia-Ukraine War
- PESTLE Analysis
Chapter 3 Market Dynamics
- Overview
- Market Drivers
- Preference for Flow Batteries over Conventional Batteries
- Use of Flow Batteries by Utilities
- Increasing Renewable Power Generation
- Market Restraints
- High Upfront Investment Cost
- Volatility in the Price of Vanadium
- Market Opportunities
- Grid Modernization
- Technological Developments
- Public and Private Investments
- Market Trends
- Demand for Long-Duration Battery Storage Technologies
- Supportive Government Regulations
Chapter 4 Emerging Technologies and Developments
- Overview
- Emerging Battery Materials
- Emerging Technologies in Flow Battery Development
- Iron Flow Batteries
- Iron-Chromium Redox Flow Batteries
- Patent Analysis
- Overview
- Key Patents
- Key Takeaways
Chapter 5 Market Segmentation Analysis
- Breakdown by Segment
- Global Flow Battery Market, by Battery Type
- Redox
- Hybrid
- Global Flow Battery Market, by Battery Material
- Vanadium
- Zinc-Bromine
- Other Battery Materials
- Global Flow Battery Market, by Deployment Type
- Small-Scale
- Large-Scale
- Global Flow Battery Market, by Application
- Load Shifting
- Peaking Capacity
- Microgrid Formation
- Others
- Global Flow Battery Market, by End Use
- Utilities
- Commercial and Industrial
- Residential
- Geographic Breakdown
- Global Flow Battery Market, by Region
- North America
- Europe
- Asia-Pacific
- Rest of World
Chapter 6 Competitive Intelligence
- Market Ranking
- Recent Developments
Chapter 7 Sustainability in the Flow Battery Market: An ESG Perspective
- Overview
- Environmental Impact
- Social Impact
- Governance Impact
- Status of ESG in the Flow Battery Industry
- Case Studies Successful Implementations of ESG
- Invinity Energy Systems
- Sumitomo Electric Industries Ltd.
- StorEn Technologies
- Enerox GmbH
- Consumer Attitudes Towards ESG
- Concluding Remarks
List of Tables
Summary Table: Global Flow Battery Market, by Region, Through 2029
Table 1: Recent Vanadium Redox Flow Battery Projects with Their Applications
Table 2: Comparison of Flow Batteries and Li-ion Batteries
Table 3: Granted Patents for Flow Batteries, 2022-2024
Table 4: Published Patents for Flow Batteries, 2023 and 2024
Table 5: Global Flow Battery Market, by Battery Type, Through 2029
Table 6: Global RFB Market, by Region, Through 2029
Table 7: Global Hybrid Flow Battery Market, by Region, Through 2029
Table 8: Global Flow Battery Market, by Battery Material, Through 2029
Table 9: Global Flow Battery Market for Vanadium, by Region, Through 2029
Table 10: Global Flow Battery Market for Zinc-Bromine, by Region, Through 2029
Table 11: Global Flow Battery Market for Other Battery Materials, by Region, Through 2029
Table 12: Global Flow Battery Market, by Deployment Type, Through 2029
Table 13: Global Flow Battery Market for Small-Scale Deployment, by Region, Through 2029
Table 14: Global Flow Battery Market for Large-Scale Deployment, by Region, Through 2029
Table 15: Global Flow Battery Market, by Application, Through 2029
Table 16: Global Flow Battery Market for Load Shifting, by Region, Through 2029
Table 17: Global Flow Battery Market for Peaking Capacity, by Region, Through 2029
Table 18: Global Flow Battery Market for Microgrid Formation, by Region, Through 2029
Table 19: Global Flow Battery Market for Other Applications, by Region, Through 2029
Table 20: Global Flow Battery Market, by End Use, Through 2029
Table 21: Global Flow Battery Market for Utilities, by Region, Through 2029
Table 22: Global Flow Battery Market for Commercial and Industrial Use, by Region, Through 2029
Table 23: Global Flow Battery Market for Residential Use, by Region, Through 2029
Table 24: Global Flow Battery Market, by Region, Through 2029
Table 25: North American Flow Battery Market, by Battery Type, Through 2029
Table 26: North American Flow Battery Market, by Battery Material, Through 2029
Table 27: North American Flow Battery Market, by Deployment Type, Through 2029
Table 28: North American Flow Battery Market, by Application, Through 2029
Table 29: North American Flow Battery Market, by End Use, Through 2029
Table 30: North American Flow Battery Market, by Country, Through 2029
Table 31: Energy Storage Targets, by Canadian Province
Table 32: European Flow Battery Market, by Battery Type, Through 2029
Table 33: European Flow Battery Market, by Material Type, Through 2029
Table 34: European Flow Battery Market, by Deployment Type, Through 2029
Table 35: European Flow Battery Market, by Application, Through 2029
Table 36: European Flow Battery Market, by End Use, Through 2029
Table 37: European Flow Battery Market, by Country, Through 2029
Table 38: Asia-Pacific Flow Battery Market, by Battery Type, Through 2029
Table 39: Asia-Pacific Flow Battery Market, by Battery Material, Through 2029
Table 40: Asia-Pacific Flow Battery Market, by Deployment Type, Through 2029
Table 41: Asia-Pacific Flow Battery Market, by Application, Through 2029
Table 42: Asia-Pacific Flow Battery Market, by End Use, Through 2029
Table 43: Asia-Pacific Flow Battery Market, by Country, Through 2029
Table 44: RoW Flow Battery Market, by Battery Type, Through 2029
Table 45: RoW Flow Battery Market, by Battery Material, Through 2029
Table 46: RoW Flow Battery Market, by Deployment Type, Through 2029
Table 47: RoW Flow Battery Market, by Application, Through 2029
Table 48: RoW Flow Battery Market, by End Use, Through 2029
Table 49: RoW Flow Battery Market, by Sub-Region, Through 2029
Table 50: Leading Companies in the Global Flow Battery Market
Table 51: Contracts in Global Flow Battery Market, 2022-2024
Table 52: Agreements in the Global Flow Battery Market, 2022-2024
Table 53: Expansions in the Global Flow Battery Market, 2023-2024
Table 54: ESG Risk Ratings, by Company, 2023
Table 55: ESG Targets of Sumitomo Electric Industries Ltd., 2025
Table 56: Abbreviations Used in the Report
Table 57: Enerox GmbH: Company Snapshot
Table 58: Enerox GmbH: Product Portfolio
Table 59: Enerox GmbH: News/Key Developments, 2022
Table 60: ESS Tech Inc.: Company Snapshot
Table 61: ESS Tech Inc.: Financial Performance, FY 2022 and 2023
Table 62: ESS Tech Inc.: Product Portfolio
Table 63: ESS Tech Inc.: News/Key Developments, 2022-2024
Table 64: Invinity Energy Systems: Company Snapshot
Table 65: Invinity Energy Systems: Financial Performance, FY 2022 and 2023
Table 66: Invinity Energy Systems: Product Portfolio
Table 67: Invinity Energy Systems: News/Key Developments, 2022-2024
Table 68: Largo Inc.: Company Snapshot
Table 69: Largo Inc.: Financial Performance, 2022 and 2023
Table 70: Largo Inc.: Product Portfolio
Table 71: Largo Inc.: News/Key Developments, 2024
Table 72: Primus Power: Company Snapshot
Table 73: Primus Power: Product Portfolio
Table 74: Redflow Ltd.: Company Snapshot
Table 75: Redflow Ltd.: Financial Performance, FY 2022 and 2023
Table 76: Redflow Ltd.: Product Portfolio
Table 77: Redflow Ltd.: News/Key Developments, 2022-2024
Table 78: RKP Dalian Rongke Energy Storage Technology Development Co. Ltd.: Company Snapshot
Table 79: RKP Dalian Rongke Energy Storage Technology Development Co. Ltd.: Product Portfolio
Table 80: RKP Dalian Rongke Energy Storage Technology Development Co. Ltd.: News/Key Developments, 2024
Table 81: Stryten Energy: Company Snapshot
Table 82: Stryten Energy: Product Portfolio
Table 83: Stryten Energy: News/Key Developments, 2022-2024
Table 84: Sumitomo Electric Industries Ltd.: Company Snapshot
Table 85: Sumitomo Electric Industries Ltd.: Financial Performance, FY 2022 and 2023
Table 86: Sumitomo Electric Industries Ltd.: Product Portfolio
Table 87: Sumitomo Electric Industries Ltd.: News/Key Developments, 2022 and 2023
Table 88: Thorion Energy: Company Snapshot
Table 89: Thorion Energy: Product Portfolio
Table 90: Thorion Energy: News/Key Developments, 2023
Table 91: ViZn Energy Systems: Company Snapshot
Table 92: ViZn Energy Systems: Product Portfolio
Table 93: ViZn Energy Systems: News/Key Developments, 2022
Table 94: VoltStorage: Company Snapshot
Table 95: VoltStorage: Product Portfolio
Table 96: VoltStorage: News/Key Developments, 2023 and 2024
Table 97: VRB Energy: Company Snapshot
Table 98: VRB Energy: Product Portfolio
Table 99: VRB Energy: News/Key Developments, 2024
Table 100: Small Players in the Global Flow Battery Market
List of Figures
Summary Figure: Global Flow Battery Market Share, by Region, 2023
Figure 1: Value Chain for the Global Flow Battery Market
Figure 2: PESTLE Analysis for the Flow Battery Market
Figure 3: Global Market Dynamics for Flow Batteries
Figure 4: Global Renewable Energy Capacity Additions, by Type of Energy, 2021-2028
Figure 5: Average Cost Breakdown for a 250kW/4-hour VRFB system, 2023
Figure 6: Worldwide Investment in Grid and Storage, 2019-2023
Figure 7: Share of Flow Battery Patents, by Applicant, 2023 and 2024
Figure 8: Share of Flow Battery Patents, by Country, 2023 and 2024
Figure 9: Global Flow Battery Market Share, by Battery Type, 2023
Figure 10: Global RFB Market Share, by Region, 2023
Figure 11: Global Hybrid Flow Battery Market Share, by Region, 2023
Figure 12: Global Flow Battery Market Share, by Battery Material, 2023
Figure 13: Global Flow Battery Market Share for Vanadium, by Region, 2023
Figure 14: Global Flow Battery Market Share for Zinc-Bromine, by Region, 2023
Figure 15: Global Flow Battery Market Share for Other Battery Materials, by Region, 2023
Figure 16: Global Flow Battery Market Share, by Deployment Type, 2023
Figure 17: Global Flow Battery Market Share for Small-Scale Deployment, by Region, 2023
Figure 18: Global Flow Battery Market Share for Large-Scale Deployment, by Region, 2023
Figure 19: Global Flow Battery Market Share, by Application, 2023
Figure 20: Global Flow Battery Market Share for Load Shifting, by Region, 2023
Figure 21: Global Flow Battery Market Share for Peaking Capacity, by Region, 2023
Figure 22: Global Flow Battery Market Share for Microgrid Formation, by Region, 2023
Figure 23: Global Flow Battery Market Share for Other Applications, by Region, 2023
Figure 24: Global Flow Battery Market Share, by End Use, 2023
Figure 25: Global Flow Battery Market Share for Utilities, by Region, 2023
Figure 26: Global Flow Battery Market Share for Commercial and Industrial Use, by Region, 2023
Figure 27: Global Flow Battery Market Share for Residential Use, by Region, 2023
Figure 28: Global Flow Battery Market Share, by Region, 2023
Figure 29: North American Flow Battery Market Share, by Battery Type, 2023
Figure 30: North American Flow Battery Market Share, by Battery Material, 2023
Figure 31: North American Flow Battery Market Share, by Deployment Type, 2023
Figure 32: North American Flow Battery Market Share, by Application, 2023
Figure 33: North American Flow Battery Market Share, by End Use, 2023
Figure 34: North American Flow Battery Market Share, by Country, 2023
Figure 35: European Flow Battery Market Share, by Battery Type, 2023
Figure 36: European Flow Battery Market Share, by Material Type, 2023
Figure 37: European Flow Battery Market Share, by Deployment Type, 2023
Figure 38: European Flow Battery Market Share, by Application, 2023
Figure 39: European Flow Battery Market Share, by End Use, 2023
Figure 40: European Flow Battery Market Share, by Country, 2023
Figure 41: Asia-Pacific Flow Battery Market Share, by Battery Type, 2023
Figure 42: Asia-Pacific Flow Battery Market Share, by Battery Material, 2023
Figure 43: Asia-Pacific Flow Battery Market Share, by Deployment Type, 2023
Figure 44: Asia-Pacific Flow Battery Market Share, by Application, 2023
Figure 45: Asia-Pacific Flow Battery Market Share, by End Use, 2023
Figure 46: Asia-Pacific Flow Battery Market Share, by Country, 2023
Figure 47: RoW Flow Battery Market Share, by Battery Type, 2023
Figure 48: RoW Flow Battery Market Share, by Battery Material, 2023
Figure 49: RoW Flow Battery Market Share, by Deployment Type, 2023
Figure 50: RoW Flow Battery Market Share, by Application, 2023
Figure 51: RoW Flow Battery Market Share, by End Use, 2023
Figure 52: RoW Flow Battery Market Share, by Sub-Region, 2023
Figure 53: Research Steps for the Global Flow Battery Market
Figure 54: ESS Tech Inc.: Revenue Share, by Business Unit, FY 2023
Figure 55: Invinity Energy Systems: Revenue Share, by Business Unit, FY 2023
Figure 56: Invinity Energy Systems: Revenue Share, by Country/Region, FY 2023
Figure 57: Largo Inc.: Revenue Share, by Business Unit, 2023
Figure 58: Largo Inc.: Revenue Share, by Country/Region, 2023
Figure 59: Sumitomo Electric Industries Ltd.: Revenue Share, by Business Unit, FY 2023
Figure 60: Sumitomo Electric Industries Ltd.: Revenue Share, by Country/Region, 2023
