Global Iron-Chromium (ICB) Flow Batteries Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Iron-Chromium (ICB) Flow Batteries market size was valued at US$ 38.4 million in 2024 and is forecast to a readjusted size of USD 7644 million by 2031 with a CAGR of 114.3% during review period.
Iron-chromium Flow Batteries were pioneered and extensively researched by NASA in the 1970s and 1980s and by Mitsui in Japan. The FeCr flow battery is a redox flow battery (RFB). Energy is stored by using Fe2+ – Fe3+ and Cr2+ – Cr3+ redox couples. The active chemicals are always completely dissolved in the aqueous electrolyte. Like other true RFBs, the power and energy ratings of the FeCr system are independent of each other and can be optimized individually for each application.
Iron-Chromium (ICB) Flow Batteries were pioneered and extensively researched by NASA in the 1970s and 1980s and by Mitsui in Japan. The FeCr flow battery is a redox flow battery (RFB). Energy is stored by using Fe2+ – Fe3+ and Cr2+ – Cr3+ redox couples. The active chemicals are always completely dissolved in the aqueous electrolyte. Like other true RFBs, the power and energy ratings of the FeCr system are independent of each other and can be optimized individually for each application. The iron-chromium flow battery energy storage technology is known as one of the longest and safest electrochemical energy storage technologies. The electrolyte solution of this technology is an aqueous solution, which will not explode, and can realize power and capacity on demand. Flexible customization, and has the advantages of long cycle life, good stability, easy recycling, wide operating temperature range, low cost, etc., and fully meets my countrys large-scale, long-term energy storage needs of a new type of power system. At present, the main manufacturer in the global market is China State Power Investment Corporation, and the core production area is China. Iron-chromium flow batteries are currently used in energy storage systems.
This report is a detailed and comprehensive analysis for global Iron-Chromium (ICB) Flow Batteries market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Iron-Chromium (ICB) Flow Batteries market size and forecasts, in consumption value ($ Million), sales quantity (M Wh), and average selling prices (US$/KWh), 2020-2031
Global Iron-Chromium (ICB) Flow Batteries market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Wh), and average selling prices (US$/KWh), 2020-2031
Global Iron-Chromium (ICB) Flow Batteries market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Wh), and average selling prices (US$/KWh), 2020-2031
Global Iron-Chromium (ICB) Flow Batteries market shares of main players, shipments in revenue ($ Million), sales quantity (M Wh), and ASP (US$/KWh), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Iron-Chromium (ICB) Flow Batteries
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Iron-Chromium (ICB) Flow Batteries market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include State Power Investment Corporation, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Iron-Chromium (ICB) Flow Batteries market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
4.5KW
30KW
Market segment by Application
Energy Storage System
Public Utilities
Major players covered
State Power Investment Corporation
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Iron-Chromium (ICB) Flow Batteries product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Iron-Chromium (ICB) Flow Batteries, with price, sales quantity, revenue, and global market share of Iron-Chromium (ICB) Flow Batteries from 2020 to 2025.
Chapter 3, the Iron-Chromium (ICB) Flow Batteries competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Iron-Chromium (ICB) Flow Batteries breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Iron-Chromium (ICB) Flow Batteries market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Iron-Chromium (ICB) Flow Batteries.
Chapter 14 and 15, to describe Iron-Chromium (ICB) Flow Batteries sales channel, distributors, customers, research findings and conclusion.
Iron-chromium Flow Batteries were pioneered and extensively researched by NASA in the 1970s and 1980s and by Mitsui in Japan. The FeCr flow battery is a redox flow battery (RFB). Energy is stored by using Fe2+ – Fe3+ and Cr2+ – Cr3+ redox couples. The active chemicals are always completely dissolved in the aqueous electrolyte. Like other true RFBs, the power and energy ratings of the FeCr system are independent of each other and can be optimized individually for each application.
Iron-Chromium (ICB) Flow Batteries were pioneered and extensively researched by NASA in the 1970s and 1980s and by Mitsui in Japan. The FeCr flow battery is a redox flow battery (RFB). Energy is stored by using Fe2+ – Fe3+ and Cr2+ – Cr3+ redox couples. The active chemicals are always completely dissolved in the aqueous electrolyte. Like other true RFBs, the power and energy ratings of the FeCr system are independent of each other and can be optimized individually for each application. The iron-chromium flow battery energy storage technology is known as one of the longest and safest electrochemical energy storage technologies. The electrolyte solution of this technology is an aqueous solution, which will not explode, and can realize power and capacity on demand. Flexible customization, and has the advantages of long cycle life, good stability, easy recycling, wide operating temperature range, low cost, etc., and fully meets my countrys large-scale, long-term energy storage needs of a new type of power system. At present, the main manufacturer in the global market is China State Power Investment Corporation, and the core production area is China. Iron-chromium flow batteries are currently used in energy storage systems.
This report is a detailed and comprehensive analysis for global Iron-Chromium (ICB) Flow Batteries market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Iron-Chromium (ICB) Flow Batteries market size and forecasts, in consumption value ($ Million), sales quantity (M Wh), and average selling prices (US$/KWh), 2020-2031
Global Iron-Chromium (ICB) Flow Batteries market size and forecasts by region and country, in consumption value ($ Million), sales quantity (M Wh), and average selling prices (US$/KWh), 2020-2031
Global Iron-Chromium (ICB) Flow Batteries market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (M Wh), and average selling prices (US$/KWh), 2020-2031
Global Iron-Chromium (ICB) Flow Batteries market shares of main players, shipments in revenue ($ Million), sales quantity (M Wh), and ASP (US$/KWh), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Iron-Chromium (ICB) Flow Batteries
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Iron-Chromium (ICB) Flow Batteries market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include State Power Investment Corporation, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Iron-Chromium (ICB) Flow Batteries market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
4.5KW
30KW
Market segment by Application
Energy Storage System
Public Utilities
Major players covered
State Power Investment Corporation
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Iron-Chromium (ICB) Flow Batteries product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Iron-Chromium (ICB) Flow Batteries, with price, sales quantity, revenue, and global market share of Iron-Chromium (ICB) Flow Batteries from 2020 to 2025.
Chapter 3, the Iron-Chromium (ICB) Flow Batteries competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Iron-Chromium (ICB) Flow Batteries breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Iron-Chromium (ICB) Flow Batteries market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Iron-Chromium (ICB) Flow Batteries.
Chapter 14 and 15, to describe Iron-Chromium (ICB) Flow Batteries sales channel, distributors, customers, research findings and conclusion.
Table of Contents
74 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Iron-Chromium (ICB) Flow Batteries by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
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