Flow Battery Market Research Report-Global Forecast till 2027

Flow Battery Market Research Report Information by Product Type (Redox & Hybrid), Material Type (Vanadium & Zinc-Bromine), Storage Type (Compact & Large-Scale), Application (Industrial & Commercial, Defense, Utilities), and Region-Global Forecast till 2027

ID: MRFR/E&P/5157-HCR | February, 2021 | Region : Global

Flow Battery Market Scenario


Flow Battery Market is expected to grow at 30.68% CAGR during the forecast period.


Increased investment in renewable energy from government and non-government organizations support the market. Additionally, governments across the globe are formulating policies to encourage the use of renewable sources of energy, due to their storage benefits and energy security. Therefore, the flow battery global market is expected to grow during the forecast period owing to the rising demand in energy utilities, industries, and commercial segments.


Key Players


The key players of the global flow battery market are ESS Inc. (US), Gildemeister energy solutions (Austria), Redflow Limited. (Australia), Primus Power (US), redT energy plc. (UK), Sumitomo Electric Industries, Ltd. (Japan), ViZn Energy Systems. (US),  EnSync Energy Systems (US), Schmid (Germany), and Elestor (Europe).


Market Segmentation


North America held the largest market share of the global flow battery market in 2017.Economic conditions in the US and business feasibility attributed to the growth of the market. Asia-Pacific is projected to dominate the market during the forecast period, primarily because of the rising demand for renewable sources of energy. Government policies and investments also add to the growth factor. The asia-pacific market will grow at the highest rate during the forecast period due to the high investments in infrastructural projects and commercial applications.


Global flow battery market has been segmented on the basis of product type, material type, storage type, application, and region. Based on product type, the market has been classified into redox and hybrid. Redox segment is leading the market and has the largest market share, mainly due to the higher flexibility and reliability in energy storage in power stations and grid operations. On the basis of material type, it has been segmented as vanadium and zinc-bromine. Based on storage type, the segments are compact and large scale. Various applications such as industrial, commercial utilities are adopting large-scale storage devices due to its efficiency in operations, across the world. The flow battery global market has been segmented on the basis of application into industrial & commercial segments, defense, utilities and others. The commercial segment of the market is expected to have the highest growth rate during the forecast period.


Market Segmentation


Flow Battery Global Market


A flow battery is a type of rechargeable battery with two chemical components submerged in liquid and most commonly separated by an ion-selective membrane. During charging or discharging the membrane allows selected ions to pass and complete the chemical reaction.  The chemical components of flow batteries are easy to replace, making these batteries preferable to lead-acid, lithium-ion, or solid-state batteries. Flow batteries are reliable and are used for efficient energy storage. Presently, due to technological developments, there is a tremendous move towards renewable energy and its storage devices. Such trends are expected to drive the flow battery market during the forecast period. There will be substantial growth because of economic development and the number of infrastructure projects, which increase the demand for storage devices.


Global flow battery market is projected to witness very high growth during the forecast period due to the feature of flow batteries such as safety of storing the active materials separated from the reactive point source, fast response time, high electricity-to-electricity conversion capability, low-maintenance, tolerance to overcharge and over discharge.

Table of Contents

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat of New Entrants

3.1.2 Bargaining Power of Buyers

3.1.3 Bargaining Power of Suppliers

3.1.4 Threat of Substitutes

3.1.5 Segment Rivalry

3.2 Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global Flow Battery Market, by Product Type

5.1 Introduction

5.2 Redox

5.2.1 Market Estimates & Forecast, 2020–2027

5.2.2 Market Estimates & Forecast, by Region, 2020–2027

5.3 Hybrid

5.3.1 Market Estimates & Forecast, 2020–2027

5.3.2 Market Estimates & Forecast, by Region, 2020–2027

6 Global Flow Battery Market, by Material Type

6.1 Introduction

6.2 Vanadium

6.2.1 Market Estimates & Forecast, 2020–2027

6.2.2 Market Estimates & Forecast, by Region, 2020–2027

6.3 Zinc-Bromine

6.3.1 Market Estimates & Forecast, 2020–2027

6.3.2 Market Estimates & Forecast, by Region, 2020–2027

7 Global Flow Battery Market, by Storage Type

7.1 Introduction

7.2 Compact

6.2.1 Market Estimates & Forecast, 2020–2027

6.2.2 Market Estimates & Forecast, by Region, 2020–2027

7.3 Large-Scale

6.3.1 Market Estimates & Forecast, 2020–2027

6.3.2 Market Estimates & Forecast, by Region, 2020–2027

8 Global Flow Battery Market, by Application

8.1 Introduction

8.2 Industrial & Commercial

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, by Region, 2020–2027

8.3 Defense

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, by Region, 2020–2027

8.4 Utilities

8.4.1 Market Estimates & Forecast, 2020–2027

8.4.2 Market Estimates & Forecast, by Region, 2020–2027

8.5 Others

8.5.1 Market Estimates & Forecast, 2020–2027

8.5.2 Market Estimates & Forecast, by Region, 2020–2027

9 Global Flow Battery Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, by Product Type, 2020–2027

9.2.3 Market Estimates & Forecast, by Material Type, 2020–2027

9.2.4 Market Estimates & Forecast, by Storage Type, 2020–2027

9.2.5 Market Estimates & Forecast, by Application, 2020–2027

9.2.6 US

9.2.6.1 Market Estimates & Forecast, 2020–2027

9.2.6.2 Market Estimates & Forecast, by Product Type, 2020–2027

9.2.6.3 Market Estimates & Forecast, by Material Type, 2020–2027

9.2.6.4 Market Estimates & Forecast, by Storage Type, 2020–2027

9.2.6.5 Market Estimates & Forecast, by Application, 2020–2027

9.2.7 Canada

9.2.7.1 Market Estimates & Forecast, 2020–2027

9.2.7.2 Market Estimates & Forecast, by Product Type, 2020–2027

9.2.7.3 Market Estimates & Forecast, by Material Type, 2020–2027

9.2.7.4 Market Estimates & Forecast, by Storage Type, 2020–2027

9.2.7.4 Market Estimates & Forecast, by Application, 2020–2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, by Product Type, 2020–2027

9.3.3 Market Estimates & Forecast, by Material Type, 2020–2027

9.3.4 Market Estimates & Forecast, by Storage Type, 2020–2027

9.3.5 Market Estimates & Forecast, by Application, 2020–2027

9.3.6 UK

9.3.6.1 Market Estimates & Forecast, 2020–2027

9.3.6.2 Market Estimates & Forecast, by Product Type, 2020–2027

9.3.6.3 Market Estimates & Forecast, by Material Type, 2020–2027

9.3.6.4 Market Estimates & Forecast, by Storage Type, 2020–2027

9.3.6.5 Market Estimates & Forecast, by Application, 2020–2027

9.3.7 Germany

9.3.7.1 Market Estimates & Forecast, 2020–2027

9.3.7.2 Market Estimates & Forecast, by Product Type, 2020–2027

9.3.7.3 Market Estimates & Forecast, by Material Type, 2020–2027

9.3.7.4 Market Estimates & Forecast, by Storage Type, 2020–2027

9.3.7.5 Market Estimates & Forecast, by Application, 2020–2027

9.3.8 France

9.3.8.1 Market Estimates & Forecast, 2020–2027

9.3.8.2 Market Estimates & Forecast, by Product Type, 2020–2027

9.3.8.3 Market Estimates & Forecast, by Material Type, 2020–2027

9.3.8.4 Market Estimates & Forecast, by Storage Type, 2020–2027

9.3.8.5 Market Estimates & Forecast, by Application, 2020–2027

9.3.9 Italy

9.3.9.1 Market Estimates & Forecast, 2020–2027

9.3.9.2 Market Estimates & Forecast, by Product Type, 2020–2027

9.3.9.3 Market Estimates & Forecast, by Material Type, 2020–2027

9.3.9.4 Market Estimates & Forecast, by Storage Type, 2020–2027

9.3.9.5 Market Estimates & Forecast, by Application, 2020–2027

9.3.10 Rest of Europe

9.3.10.1 Market Estimates & Forecast, 2020–2027

9.3.10.2 Market Estimates & Forecast, by Product Type, 2020–2027

9.3.10.3 Market Estimates & Forecast, by Material Type, 2020–2027

9.3.10.4 Market Estimates & Forecast, by Storage Type, 2020–2027

9.3.10.5 Market Estimates & Forecast, by Application, 2020–2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020–2027

9.4.2 Market Estimates & Forecast, by Product Type, 2020–2027

9.4.3 Market Estimates & Forecast, by Material Type, 2020–2027

9.4.4 Market Estimates & Forecast, by Storage Type, 2020–2027

9.4.5 Market Estimates & Forecast, by Application, 2020–2027

9.4.6 China

9.4.6.1 Market Estimates & Forecast, 2020–2027

9.4.6.2 Market Estimates & Forecast, by Product Type, 2020–2027

9.4.6.3 Market Estimates & Forecast, by Material Type, 2020–2027

9.4.6.4 Market Estimates & Forecast, by Storage Type, 2020–2027

9.4.6.5 Market Estimates & Forecast, by Application, 2020–2027

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, 2020–2027

9.4.7.2 Market Estimates & Forecast, by Product Type, 2020–2027

9.4.7.3 Market Estimates & Forecast, by Material Type, 2020–2027

9.4.7.4 Market Estimates & Forecast, by Storage Type, 2020–2027

9.4.7.5 Market Estimates & Forecast, by Application, 2020–2027

9.4.8 India

9.4.8.1 Market Estimates & Forecast, 2020–2027

9.4.8.2 Market Estimates & Forecast, by Product Type, 2020–2027

9.4.8.3 Market Estimates & Forecast, by Material Type, 2020–2027

9.4.8.4 Market Estimates & Forecast, by Storage Type, 2020–2027

9.4.8.5 Market Estimates & Forecast, by Application, 2020–2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2020–2027

9.4.9.2 Market Estimates & Forecast, by Product Type, 2020–2027

9.4.9.3 Market Estimates & Forecast, by Material Type, 2020–2027

9.4.9.4 Market Estimates & Forecast, by Storage Type, 2020–2027

9.4.9.5 Market Estimates & Forecast, by Application, 2020–2027

9.5 Rest of the World

9.5.1 Market Estimates & Forecast, 2020–2027

9.5.2 Market Estimates & Forecast, by Product Type, 2020–2027

9.5.3 Market Estimates & Forecast, by Material Type, 2020–2027

9.5.4 Market Estimates & Forecast, by Storage Type, 2020–2027

9.5.5 Market Estimates & Forecast, by Application, 2020–2027

10 Competitive Landscape

11 Company Profile

12.1 ESS Inc.

12.1.1 Company Overview

12.1.2 Product/Services Offering

12.1.3 Financial Overview

12.1.4 Key Developments

12.1.5 Strategy

12.1.6 SWOT Analysis

12.2 Gildemeister Energy Solutions

12.2.1 Company Overview

12.2.2 Product /Services Offering

12.2.3 Financial Overview

12.2.4 Key Developments

12.2.5 Strategy

12.2.6 SWOT Analysis

12.3 Redflow Limited

12.3.1 Company Overview

12.3.2 Product /Services Offering

12.3.3 Financial Overview

12.3.4 Key Developments

12.3.5 Strategy

12.3.6 SWOT Analysis

12.4 Primus Power

12.4.1 Company Overview

12.4.2 Product /Services Offering

12.4.3 Financial Overview

12.4.4 Key Developments

12.4.5 Strategy

12.4.6 SWOT Analysis

12.5 redT Energy PLC

12.5.1 Company Overview

12.5.2 Product /Services Offering

12.5.3 Financial Overview

12.5.4 Key Developments

12.5.5 Strategy

12.5.6 SWOT Analysis

12.6 Sumitomo Electric Industries, Ltd

12.6.1 Company Overview

12.6.2 Product /Services Offering

12.6.3 Financial Overview

12.6.4 Key Developments

12.6.5 Strategy

12.6.6 SWOT Analysis

12.7 ViZn Energy Systems

12.7.1 Company Overview

12.7.2 Product /Services Offering

12.7.3 Financial Overview

12.7.4 Key Developments

12.7.5 Strategy

12.7.6 SWOT Analysis

12.8 EnSync Energy Systems

12.8.1 Company Overview

12.8.2 Product /Services Offering

12.8.3 Financial Overview

12.8.4 Key Developments

12.8.5 Strategy

12.8.6 SWOT Analysis

12.9 Schmid

12.9.1 Company Overview

12.9.2 Product /Services Offering

12.9.3 Financial Overview

12.9.4 Key Developments

12.9.5 Strategy

12.9.6 SWOT Analysis

12.10 Elestor

12.10.1 Company Overview

12.10.2 Product /Services Offering

12.10.3 Financial Overview

12.10.4 Key Developments

12.10.5 Strategy

12.10.6 SWOT Analysis


List of Tables

TABLE 1 GLOBAL FLOW BATTERY MARKET: BY REGION, 2020–2027

TABLE 2 NORTH AMERICA FLOW BATTERY MARKET: BY COUNTRY, 2020–2027

TABLE 3 EUROPE FLOW BATTERY MARKET: BY COUNTRY, 2020–2027

TABLE 4 ASIA-PACIFIC FLOW BATTERY MARKET: BY COUNTRY, 2020–2027

TABLE 5 REST OF THE WORLD FLOW BATTERY MARKET: BY COUNTRY, 2020–2027

TABLE 6 GLOBAL FLOW BATTERY MARKET BY TYPE: BY REGIONS, 2020–2027

TABLE 7 NORTH AMERICA FLOW BATTERY MARKET BY TYPE: BY COUNTRY, 2020–2027

TABLE 8 EUROPE FLOW BATTERY MARKET BY TYPE: BY COUNTRY, 2020–2027

TABLE 9 ASIA-PACIFIC FLOW BATTERY MARKET BY TYPE: BY COUNTRY, 2020–2027

TABLE 10 REST OF THE WORLD FLOW BATTERY MARKET BY TYPE: BY COUNTRY, 2020–2027

TABLE 11 GLOBAL FLOW BATTERY MARKET, BY PRODUCT TYPE, BY REGIONS, 2020–2027

TABLE 12 NORTH AMERICA FLOW BATTERY MARKET, BY PRODUCT TYPE, BY COUNTRY, 2020–2027

TABLE 13 EUROPE FLOW BATTERY MARKET, BY PRODUCT TYPE, BY COUNTRY, 2020–2027

TABLE 14 ASIA-PACIFIC FLOW BATTERY MARKET, BY PRODUCT TYPE, BY COUNTRY, 2020–2027

TABLE 15 REST OF THE WORLD FLOW BATTERY MARKET, BY PRODUCT TYPE, BY COUNTRY, 2020–2027

TABLE 16 GLOBAL FLOW BATTERY MARKET, BY MATERIAL TYPE, BY REGIONS, 2020–2027

TABLE 17 NORTH AMERICA FLOW BATTERY MARKET, BY MATERIAL TYPE, BY COUNTRY, 2020–2027

TABLE 18 EUROPE FLOW BATTERY MARKET, BY MATERIAL TYPE, BY COUNTRY, 2020–2027

TABLE 19 ASIA-PACIFIC FLOW BATTERY MARKET, BY MATERIAL TYPE, BY COUNTRY, 2020–2027

TABLE 20 REST OF THE WORLD FLOW BATTERY MARKET, BY MATERIAL TYPE, BY COUNTRY, 2020–2027

TABLE 21 GLOBAL FLOW BATTERY MARKET, BY APPLICATION, BY REGIONS, 2020–2027

TABLE 22 NORTH AMERICA FLOW BATTERY MARKET, BY APPLICATION, BY COUNTRY, 2020–2027

TABLE 23 EUROPE FLOW BATTERY MARKET, BY APPLICATION, BY COUNTRY, 2020–2027

TABLE 24 ASIA-PACIFIC FLOW BATTERY MARKET, BY APPLICATION, BY COUNTRY, 2020–2027

TABLE 25 REST OF THE WORLD FLOW BATTERY MARKET, BY APPLICATION, BY COUNTRY, 2020–2027

TABLE 26 GLOBAL FLOW BATTERY MARKET, BY STORAGE TYPE, BY REGIONS, 2020–2027

TABLE 27 NORTH AMERICA FLOW BATTERY MARKET, BY STORAGE TYPE, BY COUNTRY, 2020–2027

TABLE 28 EUROPE FLOW BATTERY MARKET, BY STORAGE TYPE, BY COUNTRY, 2020–2027

TABLE 29 ASIA-PACIFIC FLOW BATTERY MARKET, BY STORAGE TYPE, BY COUNTRY, 2020–2027

TABLE 30 REST OF THE WORLD FLOW BATTERY MARKET, BY STORAGE TYPE, BY COUNTRY, 2020–2027

TABLE 31 GLOBAL FLOW BATTERY MARKET: BY REGION, 2020–2027

TABLE 32 NORTH AMERICA FLOW BATTERY MARKET, BY COUNTRY

TABLE 33 NORTH AMERICA FLOW BATTERY MARKET, BY PRODUCT

TABLE 34 NORTH AMERICA FLOW BATTERY MARKET, BY MATERIAL TYPE

TABLE 35 NORTH AMERICA FLOW BATTERY MARKET, BY STORAGE TYPE

TABLE 36 NORTH AMERICA FLOW BATTERY MARKET, BY APPLICATION

TABLE 37 EUROPE: FLOW BATTERY MARKET, BY COUNTRY

TABLE 38 EUROPE: FLOW BATTERY MARKET, BY PRODUCT

TABLE 39 EUROPE: FLOW BATTERY MARKET, BY MATERIAL TYPE

TABLE 40 EUROPE: FLOW BATTERY MARKET, BY STORAGE TYPE

TABLE 41 EUROPE: FLOW BATTERY MARKET, BY APPLICATION

TABLE 42 ASIA-PACIFIC: FLOW BATTERY MARKET, BY COUNTRY

TABLE 43 ASIA-PACIFIC: FLOW BATTERY MARKET, BY PRODUCT

TABLE 44 ASIA-PACIFIC: FLOW BATTERY MARKET, BY MATERIAL TYPE

TABLE 45 ASIA-PACIFIC: FLOW BATTERY MARKET, BY STORAGE TYPE

TABLE 46 ASIA-PACIFIC: FLOW BATTERY MARKET, BY APPLICATION

TABLE 47 REST OF THE WORLD : FLOW BATTERY MARKET, BY REGION

TABLE 48 REST OF THE WORLD FLOW BATTERY MARKET, BY PRODUCT

TABLE 49 REST OF THE WORLD FLOW BATTERY MARKET, BY MATERIAL TYPE

TABLE 50 REST OF THE WORLD FLOW BATTERY MARKET, BY STORAGE TYPE

TABLE 51 REST OF THE WORLD FLOW BATTERY MARKET, BY APPLICATION

List of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP-DOWN & BOTTOM-UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 SUPPLY CHAIN ANALYSIS

FIGURE 8 GLOBAL FLOW BATTERY MARKET SHARE, BY TYPE, 2020 (%)

FIGURE 9 GLOBAL FLOW BATTERY MARKET, TYPE, 2020–2027 (USD MILLION)

FIGURE 10 GLOBAL FLOW BATTERY MARKET SHARE, BY PRODUCT TYPE, 2020 (%)

FIGURE 11 GLOBAL FLOW BATTERY MARKET, BY MATERIAL TYPE, 2020–2027 (USD MILLION)

FIGURE 12 GLOBAL FLOW BATTERY MARKET, BY STORAGE TYPE, 2020–2027 (USD MILLION)

FIGURE 13 GLOBAL FLOW BATTERY MARKET, BY APPLICATION, 2020–2027 (USD MILLION)

FIGURE 14 GLOBAL FLOW BATTERY MARKET SHARE (%), BY REGION, 2020

FIGURE 15 GLOBAL FLOW BATTERY MARKET, BY REGION, 2020–2027 (USD MILLION)

FIGURE 16 NORTH AMERICA FLOW BATTERY MARKET SHARE (%), 2020

FIGURE 17 NORTH AMERICA FLOW BATTERY MARKET BY COUNTRY, 2020–2027 (USD MILLION)

FIGURE 18 EUROPE FLOW BATTERY MARKET SHARE (%), 2020

FIGURE 19 EUROPE FLOW BATTERY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

FIGURE 20 ASIA-PACIFIC FLOW BATTERY MARKET SHARE (%), 2020

FIGURE 21 ASIA-PACIFIC FLOW BATTERY MARKET BY COUNTRY, 2020–2027 (USD MILLION)

FIGURE 22 REST OF THE WORLD FLOW BATTERY MARKET SHARE (%), 2020

FIGURE 23 REST OF THE WORLD FLOW BATTERY MARKET, BY COUNTRY, 2020–2027 (USD MILLION)

Flow Battery Market