Global Flow Battery Supply, Demand and Key Producers, 2026-2032
Description
The global Flow Battery market size is expected to reach $ 434 million by 2032, rising at a market growth of 8.4% CAGR during the forecast period (2026-2032).
A flow battery, or redox flow battery (after reduction–oxidation), is a type of rechargeable battery where recharge ability is provided by two chemical components dissolved in liquids contained within the system and separated by a membrane. Ion exchange (providing flow of electric current) occurs through the membrane while both liquids circulate in their own respective space. Cell voltage is chemically determined by the Nernst equation and ranges, in practical applications, from 1.0 to 2.2 volts. The performance of these devices is governed by the considerations of electrochemical engineering.
Global flow battery main players include Dalian Rongke Power, Primus Power, Sumitomo Electric, VRB ENERGY, Largo Clean Energy, etc., totally accounting for about 95%. Asia-Pacific is the largest market, with a share over 78%. As for the types of products, it can be divided into vanadium flow battery and hybrid flow battery. Vanadium flow battery is the largest segment, holding a share aboutr 90%. In terms of application, it is widely used in utility facilities, renewable energy integration and others. The most common application is in utility facilities, taking a share over 80%.
This report studies the global Flow Battery production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Flow Battery and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Flow Battery that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Flow Battery total production and demand, 2021-2032, (MWh)
Global Flow Battery total production value, 2021-2032, (USD Million)
Global Flow Battery production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (MWh), (based on production site)
Global Flow Battery consumption by region & country, CAGR, 2021-2032 & (MWh)
U.S. VS China: Flow Battery domestic production, consumption, key domestic manufacturers and share
Global Flow Battery production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (MWh)
Global Flow Battery production by Type, production, value, CAGR, 2021-2032, (USD Million) & (MWh)
Global Flow Battery production by Application, production, value, CAGR, 2021-2032, (USD Million) & (MWh)
This report profiles key players in the global Flow Battery market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Dalian Rongke Power, Primus Power, Sumitomo Electric, VRB ENERGY, Largo Clean Energy, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Flow Battery market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (MWh) and average price (US$/KWh) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Flow Battery Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Flow Battery Market, Segmentation by Type:
Vanadium Flow Battery
Hybrid Flow Battery
Global Flow Battery Market, Segmentation by Application:
Utility Facilities
Renewable Energy Integration
Others
Companies Profiled:
Dalian Rongke Power
Primus Power
Sumitomo Electric
VRB ENERGY
Largo Clean Energy
Key Questions Answered:
1. How big is the global Flow Battery market?
2. What is the demand of the global Flow Battery market?
3. What is the year over year growth of the global Flow Battery market?
4. What is the production and production value of the global Flow Battery market?
5. Who are the key producers in the global Flow Battery market?
6. What are the growth factors driving the market demand?
A flow battery, or redox flow battery (after reduction–oxidation), is a type of rechargeable battery where recharge ability is provided by two chemical components dissolved in liquids contained within the system and separated by a membrane. Ion exchange (providing flow of electric current) occurs through the membrane while both liquids circulate in their own respective space. Cell voltage is chemically determined by the Nernst equation and ranges, in practical applications, from 1.0 to 2.2 volts. The performance of these devices is governed by the considerations of electrochemical engineering.
Global flow battery main players include Dalian Rongke Power, Primus Power, Sumitomo Electric, VRB ENERGY, Largo Clean Energy, etc., totally accounting for about 95%. Asia-Pacific is the largest market, with a share over 78%. As for the types of products, it can be divided into vanadium flow battery and hybrid flow battery. Vanadium flow battery is the largest segment, holding a share aboutr 90%. In terms of application, it is widely used in utility facilities, renewable energy integration and others. The most common application is in utility facilities, taking a share over 80%.
This report studies the global Flow Battery production, demand, key manufacturers, and key regions.
This report is a detailed and comprehensive analysis of the world market for Flow Battery and provides market size (US$ million) and Year-over-Year (YoY) Growth, considering 2025 as the base year. This report explores demand trends and competition, as well as details the characteristics of Flow Battery that contribute to its increasing demand across many markets.
Highlights and key features of the study
Global Flow Battery total production and demand, 2021-2032, (MWh)
Global Flow Battery total production value, 2021-2032, (USD Million)
Global Flow Battery production by region & country, production, value, CAGR, 2021-2032, (USD Million) & (MWh), (based on production site)
Global Flow Battery consumption by region & country, CAGR, 2021-2032 & (MWh)
U.S. VS China: Flow Battery domestic production, consumption, key domestic manufacturers and share
Global Flow Battery production by manufacturer, production, price, value and market share 2021-2026, (USD Million) & (MWh)
Global Flow Battery production by Type, production, value, CAGR, 2021-2032, (USD Million) & (MWh)
Global Flow Battery production by Application, production, value, CAGR, 2021-2032, (USD Million) & (MWh)
This report profiles key players in the global Flow Battery market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Dalian Rongke Power, Primus Power, Sumitomo Electric, VRB ENERGY, Largo Clean Energy, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Flow Battery market
Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), volume (production, consumption) & (MWh) and average price (US$/KWh) by manufacturer, by Type, and by Application. Data is given for the years 2021-2032 by year with 2025 as the base year, 2026 as the estimate year, and 2027-2032 as the forecast year.
Global Flow Battery Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World
Global Flow Battery Market, Segmentation by Type:
Vanadium Flow Battery
Hybrid Flow Battery
Global Flow Battery Market, Segmentation by Application:
Utility Facilities
Renewable Energy Integration
Others
Companies Profiled:
Dalian Rongke Power
Primus Power
Sumitomo Electric
VRB ENERGY
Largo Clean Energy
Key Questions Answered:
1. How big is the global Flow Battery market?
2. What is the demand of the global Flow Battery market?
3. What is the year over year growth of the global Flow Battery market?
4. What is the production and production value of the global Flow Battery market?
5. Who are the key producers in the global Flow Battery market?
6. What are the growth factors driving the market demand?
Table of Contents
95 Pages
- 1 Supply Summary
- 2 Demand Summary
- 3 World Manufacturers Competitive Analysis
- 4 United States VS China VS Rest of the World
- 5 Market Analysis by Type
- 6 Market Analysis by Application
- 7 Company Profiles
- 8 Industry Chain Analysis
- 9 Research Findings and Conclusion
- 10 Appendix
Pricing
Currency Rates
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