Dublin, Nov. 29, 2024 (GLOBE NEWSWIRE) — The “Flow Batteries Market” report has been added to ResearchAndMarkets.com’s offering.
The Flow Batteries Market was valued at USD 416.3 million in 2024, and is projected to reach USD 1.10 billion by 2029, rising at a CAGR of 21.7%.
The growing demand for accessible energy storage systems has accelerated the adoption of flow batteries. According to the International Energy Agency (IEA), the global investment in battery energy storage increased by more than $35 billion in 2023, primarily in grid-scale deployment. According to the Energy Storage Report 2024, G7 countries have set a target of 1,500 GW of new global energy storage by 2030, a six-fold increase from current levels.
Furthermore, the demand for integrating renewable energy sources backed by grid modernization initiatives are leading to more installations of long duration energy storage systems. The increasing focus on grid modernization, EV charging stations, and initiatives for developing efficient and sustainable batteries are the key drivers of the market’s growth.
Report Scope
This report analyzes the flow battery market by battery type, battery material, deployment, application and end-use industries. Additionally, the report discusses the technological, regulatory, competitive and economic trends that impact the market. The analyst has included a patent analysis for the flow battery market, which depicts a strong investment prospect for investors.
It analyzes emerging technologies, the impact of COVID-19, and the competitive landscape, which enables the reader to understand the global market. The report concludes by looking at environmental, social and governance (ESG) developments and by providing detailed profiles of the major manufacturers of flow batteries.
The report includes:
- 51 data tables and 50 additional tables
- An overview of the technical and business aspects of the global market for flow batteries
- Analyses of global market trends, with market revenue data for 2023, estimates for 2024, forecast for 2025 and 2027, and projected CAGRs through 2029
- Estimates of the size and revenue prospects of the global market, along with a market share analysis by battery type, battery material, deployment type, application, end-use, and region
- Facts and figures pertaining to the market dynamics, technical advances, regulations, innovations, and the impact of macroeconomic factors
- Insights from a Porter’s Five Forces model, and global value chain and PESTLE analyses
- Patent analysis, emerging trends and technologies, and new developments
- Analysis of the industry structure, including companies’ market shares and global rankings, strategic alliances, M&A activity and a venture funding outlook
- Overview of sustainability trends and ESG developments, with emphasis on consumer attitudes and the ESG scores and practices of leading companies
- Company profiles of leading players, including Sumitomo Electric Industries Ltd., Invinity Energy Systems, ESS Tech, Rongke Power and Redflow Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 135 |
| Forecast Period | 2024 – 2029 |
| Estimated Market Value (USD) in 2024 | $416.3 Million |
| Forecasted Market Value (USD) by 2029 | $1100 Million |
| Compound Annual Growth Rate | 21.7% |
| Regions Covered | Global |
Key Topics Covered:
Chapter 1 Executive Summary
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
- PESTLE Analysis
Chapter 3 Market Dynamics
- 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
- Emerging Battery Materials
- Emerging Technologies in Flow Battery Development
- Iron Flow Batteries
- Iron-Chromium Redox Flow Batteries
- Patent Analysis
- Key Patents
- Key Takeaways
Chapter 5 Market Segmentation Analysis
- Global Flow Battery Market, by Battery Type
- Global Flow Battery Market, by Battery Material
- Vanadium
- Zinc-Bromine
- Other Battery Materials
- Global Flow Battery Market, by Deployment Type
- 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
- Global Flow Battery Market, by Region
Chapter 6 Competitive Intelligence
- Market Ranking
- Recent Developments
Chapter 7 Sustainability in the Flow Battery Market: An ESG Perspective
- 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
Company Profiles
- Enerox GmbH
- ESS Tech Inc.
- Invinity Energy Systems
- Largo Inc.
- Primus Power
- Redflow Ltd.
- RKP Dalian Rongke Energy Storage Technology Development Co. Ltd.
- Stryten Energy
- Sumitomo Electric Industries Ltd.
- Thorion Energy
- Vizn Energy Systems
- Voltstorage
- VRB Energy
For more information about this report visit https://www.researchandmarkets.com/r/vk5bzp
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