세계의 플로우 배터리 시장 예측(-2030년) : 배터리 유형별, 재료별, 에너지 저장별, 용도별, 지역별

The global flow battery market is valued at USD 0.34 billion in 2024 and is projected to reach USD 1.18 billion by 2030; it is expected to register a CAGR of 23.0% during the forecast period. Renewable energy storage is a key use of flow batteries. Many nations, including the US, India, China, and Japan, are revising their energy policies to incorporate a significant portion of renewable energy, such as wind and solar. Government support and resulting profits are driving increased investment in renewable energy. Renewable sources are now preferred for expanding and modernizing power systems worldwide. Initiatives like net zero emissions, carbon neutrality, and sustainable transportation are attracting investments in renewable energy generation.

"Zinc bromine segment is expected to grow at the impressive CAGR during the forecast period."

Zinc-bromine flow batteries are perfect for energy storage in view of the multiple benefits. Their circulating electrolyte simplifies thermal control and the distribution of reactants throughout the cell. Also, they have wellsuit to specific energy and efficiency energy and can store and transform energy. These batteries are also made of cheap and easily available and those recyclable components are manufactured by means of standard practice. It can run under ambient temperature and have the benefits in the system configuration. Also they possesses satisfactory power density and could charge quickly and can endure deep discharge without getting ailing. Zinc-bromine flow batteries are already on the market so zinc-bromine flow batteries for energy storage solutions are feasible.

"Commercial & industrial segment is likely to hold the second largest market in 2024."

Commercial & industrial sectors are impacted by the interrupted power supply, machine downtime, and blackouts. These power outages can severely hinder businesses, causing damage to the production lines and products, as well as delaying deliveries. Commercial & industrial energy storage prioritizes safety and cost-effectiveness and often finds flow batteries suitable. Flow batteries offer long cycle life, minimal environmental impact, high energy recovery rate, and large capacity, making them well-suited for extreme environments. Flow battery energy storage is highly suitable for industrial and commercial applications because it facilitates peak-valley spread arbitrage, provides intrinsic safety, and handles large capacity requirements. Flow batteries align well with the pursuit of secure and economical energy storage in industrial and commercial sectors.

"The North America segment is likely to grow at the second highest CAGR during the forecast period."

The North American flow battery market has been thoroughly researched in regions, including the US, Canada, and Mexico. The US is one of the major contributors to the regional market growth. The regional market growth is owed to the significant presence of industry participants, such as ESS Tech, Inc. (US),

ESS Tech, Inc. (US), Primus Power (US), and Lockheed Martin Corporation (US) are expected to create growth opportunities in the coming years. The companies majorly focus on strategic partnerships, product launches, and continuous developments to increase their product portfolio and fulfill the requirements of various applications.

Breakdown of primaries

The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

• By Company Type - Tier 1 - 25%, Tier 2 - 30%, Tier 3 - 45%
• By Designation- C-level Executives - 35%, Directors - 25%, Others - 40%
• By Region-North America - 35%, Europe - 25%, Asia Pacific - 32%, RoW - 8%

The flow battery market is dominated by a few globally established players such as Invinity Energy Systems (UK), Sumitomo Electric Industries, Ltd. (Japan), VRB Energy (Canada), Enerox GmbH (Austria), Elestor (The Netherlands), ESS Tech, Inc. (US), Largo Inc. (Canada), Lockheed Martin Corporation (US), and Primus Power (US). The study includes an in-depth competitive analysis of these key players in the flow battery market, with their company profiles, recent developments, and key market strategies.

Research Coverage:

The report segments the flow battery market and forecasts its size by battery type, storage, material, ownership, application, and region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions-North America, Europe, Asia Pacific, and RoW. Supply chain analysis has been included in the report, along with the key players and their competitive analysis in the flow battery ecosystem.

Key Benefits to Buy the Report:

• Analysis of key drivers (Rising popularity for flow batteries over traditional batteries, Government support for renewable energy storage systems, Growing demand for flow batteries in the utility sector, Increasing deployment of telecom towers), Restraint (Need for significant upfront capital requirements, Standardization challenges associated with flow battery), Opportunity (Growing demand for backup power solutions for data centers, Rising interest in residential energy storage solutions using flow batteries, Growing emphasis on power grid modernizing, Rising demand for advanced battery technologies), Challenges (Availability of alternative battery technologies).
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the flow battery market.
• Market Development: Comprehensive information about lucrative markets - the report analyses the flow battery market across varied regions
• Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the flow battery market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players Invinity Energy Systems (UK), Sumitomo Electric Industries, Ltd. (Japan), VRB Energy (Canada), Enerox GmbH (Austria), ESS Tech, Inc. (US) among others in the flow battery market.

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 STUDY OBJECTIVES
• 1.2 MARKET DEFINITION
• 1.3 STUDY SCOPE
  • 1.3.1 MARKETS COVERED AND REGIONAL SCOPE
  • 1.3.2 INCLUSIONS AND EXCLUSIONS
  • 1.3.3 YEARS CONSIDERED
• 1.4 CURRENCY CONSIDERED
• 1.5 UNIT CONSIDERED
• 1.6 STAKEHOLDERS
• 1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY

• 2.1 RESEARCH DATA
  • 2.1.1 SECONDARY AND PRIMARY RESEARCH
  • 2.1.2 SECONDARY DATA
    • 2.1.2.1 List of key secondary sources
    • 2.1.2.2 Key data from secondary sources
  • 2.1.3 PRIMARY DATA
    • 2.1.3.1 List of primary interview participants
    • 2.1.3.2 Key data from primary sources
    • 2.1.3.3 Key industry insights
    • 2.1.3.4 Breakdown of primaries
• 2.2 MARKET SIZE ESTIMATION METHODOLOGY
  • 2.2.1 TOP-DOWN APPROACH
    • 2.2.1.1 Approach to arrive at market size using top-down analysis (supply side)
  • 2.2.2 BOTTOM-UP APPROACH
    • 2.2.2.1 Approach to arrive at market size using bottom-up analysis (demand side)
• 2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
• 2.4 RESEARCH ASSUMPTIONS
• 2.5 RESEARCH LIMITATIONS
• 2.6 RISK ANALYSIS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

• 4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FLOW BATTERY MARKET
• 4.2 FLOW BATTERY MARKET, BY BATTERY TYPE
• 4.3 FLOW BATTERY MARKET, BY APPLICATION
• 4.4 FLOW BATTERY MARKET IN NORTH AMERICA, BY APPLICATION AND COUNTRY
• 4.5 FLOW BATTERY MARKET, BY COUNTRY

5 MARKET OVERVIEW

• 5.1 INTRODUCTION
• 5.2 MARKET DYNAMICS
  • 5.2.1 DRIVERS
    • 5.2.1.1 Growing awareness about benefits of flow batteries over traditional batteries
    • 5.2.1.2 Increasing investments in renewable energy projects
    • 5.2.1.3 Surging use of flow batteries in utility and smart grid applications
    • 5.2.1.4 Increasing deployment of telecom towers
  • 5.2.2 RESTRAINTS
    • 5.2.2.1 Need for substantial upfront capital investments
    • 5.2.2.2 Standardization challenges associated with flow batteries
  • 5.2.3 OPPORTUNITIES
    • 5.2.3.1 Growing demand for backup power solutions for data center applications
    • 5.2.3.2 Rising use of flow battery-integrated residential energy storage solutions
    • 5.2.3.3 Increasing focus on power grid modernization
    • 5.2.3.4 Rising demand for advanced battery technologies
  • 5.2.4 CHALLENGES
    • 5.2.4.1 Availability of alternative battery technologies
• 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
• 5.4 PRICING ANALYSIS
  • 5.4.1 AVERAGE SELLING PRICE OF FLOW BATTERIES, BY KEY PLAYER, 2023
  • 5.4.2 AVERAGE SELLING PRICE TREND OF FLOW BATTERIES, 2021-2023
  • 5.4.3 AVERAGE SELLING PRICE TREND OF FLOW BATTERIES, BY REGION, 2021-2023
• 5.5 VALUE CHAIN ANALYSIS
• 5.6 ECOSYSTEM ANALYSIS
• 5.7 INVESTMENT AND FUNDING SCENARIO
• 5.8 TECHNOLOGY ANALYSIS
  • 5.8.1 KEY TECHNOLOGIES
    • 5.8.1.1 Zinc-ion batteries
    • 5.8.1.2 Secondary zinc-air batteries
  • 5.8.2 COMPLEMENTARY TECHNOLOGIES
    • 5.8.2.1 Solid-state batteries
  • 5.8.3 ADJACENT TECHNOLOGIES
    • 5.8.3.1 Liquid metal batteries
• 5.9 PATENT ANALYSIS
• 5.10 TRADE ANALYSIS
  • 5.10.1 IMPORT SCENARIO (HS CODE 8112)
  • 5.10.2 EXPORT SCENARIO (HS CODE 8112)
• 5.11 KEY CONFERENCES AND EVENTS, 2025
• 5.12 CASE STUDY ANALYSIS
  • 5.12.1 REDFLOW PROVIDES OPTUS TELECOMMUNICATIONS WITH FLOW BATTERIES TO REDUCE CO2 EMISSIONS
  • 5.12.2 VERIV AND REDFLOW PROVIDE VODAFONE NEW ZEALAND LTD. WITH FLOW BATTERY-INTEGRATED HESS TO ENSURE CONSTANT OFF-GRID POWER
  • 5.12.3 INVINITY ENERGY SYSTEMS DEPLOYS FLOW BATTERY SYSTEM IN OXFORD TO ENABLE LOAD SHIFTING FOR EV CHARGING
• 5.13 REGULATORY LANDSCAPE
  • 5.13.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • 5.13.2 STANDARDS
• 5.14 PORTER'S FIVE FORCES ANALYSIS
  • 5.14.1 BARGAINING POWER OF SUPPLIERS
  • 5.14.2 BARGAINING POWER OF BUYERS
  • 5.14.3 THREAT OF NEW ENTRANTS
  • 5.14.4 THREAT OF SUBSTITUTES
  • 5.14.5 INTENSITY OF COMPETITIVE RIVALRY
• 5.15 KEY STAKEHOLDERS AND BUYING CRITERIA
  • 5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS
  • 5.15.2 BUYING CRITERIA
• 5.16 IMPACT OF AI/GEN AI ON FLOW BATTERY MARKET
  • 5.16.1 INTRODUCTION
  • 5.16.2 AI/GEN AI IMPACT ON MAJOR FLOW BATTERY APPLICATIONS
    • 5.16.2.1 Utilities
    • 5.16.2.2 Commercial & industrial
  • 5.16.3 USE CASES
  • 5.16.4 FUTURE OF AI/GEN AI IN FLOW BATTERY ECOSYSTEM

6 OWNERSHIP MODELS OF FLOW BATTERIES

• 6.1 INTRODUCTION
• 6.2 CUSTOMER-OWNED
• 6.3 UTILITY-OWNED
• 6.4 THIRD-PARTY-OWNED

7 FLOW BATTERY MARKET, BY BATTERY TYPE

• 7.1 INTRODUCTION
• 7.2 REDOX
  • 7.2.1 COST-EFFECTIVENESS AND CONVENIENCE IN LARGE-SCALE ENERGY STORAGE APPLICATIONS TO SPIKE DEMAND
• 7.3 HYBRID
  • 7.3.1 EXTENDED OPERATIONAL LIFESPAN AND CONVENIENT MAINTENANCE FEATURES TO BOOST DEMAND

8 FLOW BATTERY MARKET, BY MATERIAL

• 8.1 INTRODUCTION
• 8.2 VANADIUM
  • 8.2.1 GROWING DEMAND FOR LOW-CARBON ENERGY STORAGE SOLUTIONS TO DRIVE ADOPTION
• 8.3 ZINC-BROMINE
  • 8.3.1 EASY AVAILABILITY AND FLEXIBLE DESIGN TO FOSTER SEGMENTAL GROWTH
• 8.4 OTHER MATERIALS

9 FLOW BATTERY MARKET, BY STORAGE

• 9.1 INTRODUCTION
• 9.2 LARGE-SCALE
  • 9.2.1 SURGING NEED FOR LARGE-SCALE ENERGY STORAGE IN UTILITIES SECTOR TO FUEL SEGMENTAL GROWTH
• 9.3 SMALL-SCALE
  • 9.3.1 GROWING DEMAND FOR COMPACT AND PORTABLE ENERGY STORAGE SOLUTIONS IN RESIDENTIAL APPLICATIONS TO DRIVE MARKET

10 FLOW BATTERY MARKET, BY APPLICATION

• 10.1 INTRODUCTION
• 10.2 UTILITIES
  • 10.2.1 PEAK CAPACITY MANAGEMENT
    • 10.2.1.1 Pressing need to harness off-peak power for peak demand to drive market
  • 10.2.2 ENERGY SHIFTING
    • 10.2.2.1 Increasing focus on optimizing grid operations to boost demand
  • 10.2.3 TRANSMISSION
    • 10.2.3.1 Escalating demand for highly efficient and reliable power grid to fuel market growth
  • 10.2.4 DISTRIBUTION
    • 10.2.4.1 Urgent requirement to address voltage fluctuations and power outage issues to accelerate demand
  • 10.2.5 FREQUENCY REGULATION
    • 10.2.5.1 Heightened need for consistent and reliable power to facilitate adoption
• 10.3 COMMERCIAL & INDUSTRIAL
  • 10.3.1 NEED FOR EMERGENCY BACKUP POWER TO PREVENT PRODUCTION LOSS DURING POWER OUTAGES TO ACCELERATE DEPLOYMENT
• 10.4 EV CHARGING STATIONS
  • 10.4.1 GOVERNMENT-LED FUNDING TO EXPAND ELECTRIC VEHICLE CHARGING INFRASTRUCTURE TO CREATE GROWTH OPPORTUNITIES
• 10.5 OTHER APPLICATIONS

11 FLOW BATTERY MARKET, BY REGION

• 11.1 INTRODUCTION
• 11.2 NORTH AMERICA
  • 11.2.1 MACROECONOMIC OUTLOOK FOR NORTH AMERICA
  • 11.2.2 US
    • 11.2.2.1 Government funding to advance battery technologies to accelerate market growth
  • 11.2.3 CANADA
    • 11.2.3.1 Significant focus on reducing GHG emissions and achieving energy cost savings and resilience to support market growth
  • 11.2.4 MEXICO
    • 11.2.4.1 Government-run grid modernization projects to drive market
• 11.3 EUROPE
  • 11.3.1 MACROECONOMIC OUTLOOK FOR EUROPE
  • 11.3.2 GERMANY
    • 11.3.2.1 Substantial investments in developing advanced battery technologies to fuel market growth
  • 11.3.3 UK
    • 11.3.3.1 Increasing investments by public and private sectors to develop flow batteries for newer applications to foster market growth
  • 11.3.4 FRANCE
    • 11.3.4.1 Rising focus on improving EV charging infrastructure to fuel demand
  • 11.3.5 ITALY
    • 11.3.5.1 Pressing need to reduce carbon footprint to spur demand
  • 11.3.6 SWITZERLAND
    • 11.3.6.1 Surging requirement to store excess energy generated by renewable sources to propel market
  • 11.3.7 REST OF EUROPE
• 11.4 ASIA PACIFIC
  • 11.4.1 MACROECONOMIC OUTLOOK FOR ASIA PACIFIC
  • 11.4.2 CHINA
    • 11.4.2.1 Increasing deployment of large-scale energy storage systems to facilitate market growth
  • 11.4.3 JAPAN
    • 11.4.3.1 Growing need to modernize grid infrastructure to fuel adoption
  • 11.4.4 INDIA
    • 11.4.4.1 Increasing investments in power grid modernization to drive market
  • 11.4.5 AUSTRALIA
    • 11.4.5.1 Transition toward cleaner and more sustainable energy future to contribute to market growth
  • 11.4.6 SOUTH KOREA
    • 11.4.6.1 Rising demand for electricity to fuel market growth
  • 11.4.7 REST OF ASIA PACIFIC
• 11.5 ROW
  • 11.5.1 MACROECONOMIC OUTLOOK FOR ROW
  • 11.5.2 MIDDLE EAST
    • 11.5.2.1 Government initiatives and policies supporting energy storage technologies to drive market
    • 11.5.2.2 GCC countries
    • 11.5.2.3 Rest of Middle East
  • 11.5.3 SOUTH AMERICA
    • 11.5.3.1 Rising focus on achieving renewable energy goals to boost demand
  • 11.5.4 AFRICA
    • 11.5.4.1 Increasing flow battery projects to drive market

12 COMPETITIVE LANDSCAPE

• 12.1 INTRODUCTION
• 12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2020-2024
• 12.3 REVENUE ANALYSIS, 2019-2023
• 12.4 MARKET SHARE ANALYSIS, 2023
• 12.5 COMPANY VALUATION AND FINANCIAL METRICS, 2024
• 12.6 PRODUCT COMPARISON
• 12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
  • 12.7.1 STARS
  • 12.7.2 EMERGING LEADERS
  • 12.7.3 PERVASIVE PLAYERS
  • 12.7.4 PARTICIPANTS
  • 12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
    • 12.7.5.1 Company footprint
    • 12.7.5.2 Region footprint
    • 12.7.5.3 Application footprint
    • 12.7.5.4 Storage footprint
    • 12.7.5.5 Material footprint
    • 12.7.5.6 Battery type footprint
• 12.8 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
  • 12.8.1 PROGRESSIVE COMPANIES
  • 12.8.2 RESPONSIVE COMPANIES
  • 12.8.3 DYNAMIC COMPANIES
  • 12.8.4 STARTING BLOCKS
  • 12.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
    • 12.8.5.1 Detailed list of key startups/SMEs
    • 12.8.5.2 Competitive benchmarking of key startups/SMEs
• 12.9 COMPETITIVE SCENARIO
  • 12.9.1 PRODUCT LAUNCHES
  • 12.9.2 DEALS
  • 12.9.3 OTHER DEVELOPMENTS

13 COMPANY PROFILES

• 13.1 KEY PLAYERS
  • 13.1.1 SUMITOMO ELECTRIC INDUSTRIES, LTD.
    • 13.1.1.1 Business overview
    • 13.1.1.2 Products/Solutions/Services offered
    • 13.1.1.3 Recent developments
      • 13.1.1.3.1 Developments
    • 13.1.1.4 MnM view
      • 13.1.1.4.1 Key strengths/Right to win
      • 13.1.1.4.2 Strategic choices
      • 13.1.1.4.3 Weaknesses/Competitive threats
  • 13.1.2 INVINITY ENERGY SYSTEMS
    • 13.1.2.1 Business overview
    • 13.1.2.2 Products/Services/Solutions offered
    • 13.1.2.3 Recent developments
      • 13.1.2.3.1 Deals
      • 13.1.2.3.2 Expansions
      • 13.1.2.3.3 Other developments
    • 13.1.2.4 MnM view
      • 13.1.2.4.1 Key strengths/Right to win
      • 13.1.2.4.2 Strategic choices
      • 13.1.2.4.3 Weaknesses/Competitive threats
  • 13.1.3 ENEROX GMBH
    • 13.1.3.1 Business overview
    • 13.1.3.2 Products/Services/Solutions offered
    • 13.1.3.3 Recent developments
      • 13.1.3.3.1 Deals
      • 13.1.3.3.2 Expansions
    • 13.1.3.4 MnM view
      • 13.1.3.4.1 Key strengths/Right to win
      • 13.1.3.4.2 Strategic choices
      • 13.1.3.4.3 Weaknesses/Competitive threats
  • 13.1.4 VRB ENERGY
    • 13.1.4.1 Business overview
    • 13.1.4.2 Products/Services/Solutions offered
    • 13.1.4.3 Recent developments
      • 13.1.4.3.1 Deals
      • 13.1.4.3.2 Expansions
      • 13.1.4.3.3 Other developments
    • 13.1.4.4 MnM view
      • 13.1.4.4.1 Key strengths/Right to win
      • 13.1.4.4.2 Strategic choices
      • 13.1.4.4.3 Weaknesses/Competitive threats
  • 13.1.5 ESS TECH, INC.
    • 13.1.5.1 Business overview
    • 13.1.5.2 Products/Services/Solutions offered
    • 13.1.5.3 Recent developments
      • 13.1.5.3.1 Product launches
      • 13.1.5.3.2 Deals
      • 13.1.5.3.3 Expansions
      • 13.1.5.3.4 Other developments
    • 13.1.5.4 MnM view
      • 13.1.5.4.1 Key strength/Right to win
      • 13.1.5.4.2 Strategic choices
      • 13.1.5.4.3 Weaknesses/Competitive threats
  • 13.1.6 RKP DALIAN RONGKE ENERGY STORAGE TECHNOLOGY DEVELOPMENT CO., LTD.
    • 13.1.6.1 Business overview
    • 13.1.6.2 Products/Services/Solutions offered
  • 13.1.7 ELESTOR BV
    • 13.1.7.1 Business overview
    • 13.1.7.2 Products/Services/Solutions offered
  • 13.1.8 LARGO INC.
    • 13.1.8.1 Business overview
    • 13.1.8.2 Products/Services/Solutions offered
  • 13.1.9 LOCKHEED MARTIN CORPORATION
    • 13.1.9.1 Business overview
    • 13.1.9.2 Products/Services/Solutions offered
    • 13.1.9.3 Recent developments
      • 13.1.9.3.1 Developments
  • 13.1.10 PRIMUS POWER SOLUTIONS
    • 13.1.10.1 Business overview
    • 13.1.10.2 Products/Services/Solutions offered
  • 13.1.11 STRYTEN ENERGY
    • 13.1.11.1 Business overview
    • 13.1.11.2 Products/Services/Solutions offered
    • 13.1.11.3 Recent developments
      • 13.1.11.3.1 Expansions
  • 13.1.12 VIZN ENERGY SYSTEMS
    • 13.1.12.1 Business overview
    • 13.1.12.2 Products/Services/Solutions offered
• 13.2 OTHER PLAYERS
  • 13.2.1 EVERFLOW
  • 13.2.2 H2, INC.
  • 13.2.3 KEMIWATT
  • 13.2.4 NANOFLOWCELL MANAGEMENT AG
  • 13.2.5 STOREN TECHNOLOGIES
  • 13.2.6 VFLOWTECH PTE LTD.
  • 13.2.7 VISBLUE A/S
  • 13.2.8 VOLTERION GMBH & CO. KG
  • 13.2.9 VOLTSTORAGE
  • 13.2.10 VANEVO GMBH
  • 13.2.11 FLUX XII
  • 13.2.12 OTORO ENERGY, INC.
  • 13.2.13 SINERGY FLOW SRL

14 APPENDIX

• 14.1 INSIGHTS FROM INDUSTRY EXPERTS
• 14.2 DISCUSSION GUIDE
• 14.3 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
• 14.4 CUSTOMIZATION OPTIONS
• 14.5 RELATED REPORTS
• 14.6 AUTHOR DETAILS