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Flow Battery Market Size, Share & Trends Analysis Report By Type (Redox, Hybrid), By Material (Vanadium, Zinc Bromine), By Storage (Large-scale, Small-scale), By Application, By Region, And Segment Forecasts, 2025 - 2030

Publisher Grand View Research
Published Jun 06, 2025
Length 80 Pages
SKU # GV20192253

Description

Flow Battery Market Growth & Trends

The global flow battery market size is anticipated to reach USD 1,675.54 million by 2030, according to a new report by Grand View Research, Inc. It is projected to grow at a CAGR of 22.8% from 2025 to 2030. Advantages of flow batteries, such as scalability, over conventional batteries are expected to drive the market growth during the forecast period. Flow batteries are highly scalable, making them suitable for a variety of applications, from residential and industrial energy storage to utility-scale projects. This scalability allows them to be customized to match the specific energy storage needs of different users and applications. Increasing investments in renewable energy are one of the primary factors driving the market growth.

Renewable energy storage constitutes a major application of flow batteries. Many countries, including the U.S., China, India, Australia, and Japan, are actively revising their energy policies to adopt a substantial share of energy generation from renewable resources, such as wind and solar. As per the International Energy Agency (IEA), there is a projected global investment of approximately USD 2.8 trillion in the energy sector for the year 2023. Out of this total, over USD 1.7 trillion is anticipated to be directed toward clean technologies, such as renewables, electric vehicles (EVs), nuclear power, grid infrastructure, energy storage, low-emission fuels, enhancements in energy efficiency, and heat pump systems.

Flow Battery Market Report Highlights
  • The redox segment dominated the market with the largest revenue share of 85.6% in 2024.
  • The vanadium segment held the largest revenue share in 2024, propelled by its robust performance, chemical reliability, and system efficiency.
  • The large-scale segment accounted for the largest revenue share in 2024. This can be attributed to the scalability of large-scale batteries over their smaller counterparts.
  • The grid/utility segment held the largest market share in 2024. This dominance can be attributed to various factors, including the flow battery’s pivotal role in grid integration, supporting grid resilience, reducing energy transmission expenses, realizing environmental advantages, and offering remarkable scalability.
  • Asia Pacific flow battery market dominated the market with the largest revenue share of 47.7% in 2024, attributed to the high adoption of flow batteries in major economies such as China, Australia, and Japan.
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Table of Contents

80 Pages
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Flow Battery Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Industry Value Chain Analysis
3.3. Regulatory Framework
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Industry Analysis Tools
3.5.1. Porter’s Five Forces Analysis
3.5.2. Macro-environmental Analysis
Chapter 4. Flow Battery Market: Type Estimates & Trend Analysis
4.1. Type Segment Dashboard
4.2. Flow Battery Market: Type Movement Analysis & Market Share, 2024 & 2030
4.3. Redox
4.3.1. Redox Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (KWh)
4.4. Hybrid
4.4.1. Hybrid Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (KWh)
Chapter 5. Flow Battery Market: Material Estimates & Trend Analysis
5.1. Material Segment Dashboard
5.2. Flow Battery Market: Material Movement Analysis & Market Share, 2024 & 2030
5.3. Vanadium
5.3.1. Vanadium Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (KWh)
5.4. Zinc Bromine
5.4.1. Zinc Bromine Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (KWh)
5.5. Iron
5.5.1. Iron Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (KWh)
5.6. Others
5.6.1. Iron Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (KWh)
Chapter 6. Flow Battery Market: Storage Estimates & Trend Analysis
6.1. Storage Segment Dashboard
6.2. Flow Battery Market: Storage Movement Analysis & Market Share, 2024 & 2030
6.3. Large-scale
6.3.1. Large-scale Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (KWh)
6.4. Small-scale
6.4.1. Small-scale Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (KWh)
Chapter 7. Flow Battery Market: Application Estimates & Trend Analysis
7.1. Application Segment Dashboard
7.2. Flow Battery Market: Application Movement Analysis & Market Share, 2024 & 2030
7.3. Grid/utility
7.3.1. Grid/utility Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (KWh)
7.4. Commercial & Industrial
7.4.1. Commercial & Industrial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (KWh)
7.5. EV Charging Stations
7.5.1. EV Charging Stations Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (KWh)
7.6. Residential
7.6.1. Residential Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million) (KWh)
Chapter 8. Flow Battery Market: Regional Estimates & Trend Analysis
8.1. Regional Movement Analysis & Market Share, 2024 & 2030
8.2. North America
8.2.1. North America Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.2.2. U.S.
8.2.2.1. Key Country Dynamics
8.2.2.2. U.S. Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.2.3. Canada
8.2.3.1. Key Country Dynamics
8.2.3.2. Canada Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.2.4. Mexico
8.2.4.1. Key Country Dynamics
8.2.4.2. Mexico Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.3. Europe
8.3.1. Europe Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.3.2. U.K.
8.3.2.1. Key Country Dynamics
8.3.2.2. U.K. Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.3.3. Germany
8.3.3.1. Key Country Dynamics
8.3.3.2. Germany Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.3.4. France
8.3.4.1. Key Country Dynamics
8.3.4.2. France Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.3.5. Italy
8.3.5.1. Key Country Dynamics
8.3.5.2. Italy Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.3.6. Spain
8.3.6.1. Key Country Dynamics
8.3.6.2. Spain Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.3.7. Norway
8.3.7.1. Key Country Dynamics
8.3.7.2. Norway Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.3.8. The Netherlands
8.3.8.1. Key Country Dynamics
8.3.8.2. The Netherlands Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.4. Asia Pacific
8.4.1. Asia Pacific Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.4.2. China
8.4.2.1. Key Country Dynamics
8.4.2.2. China Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.4.3. Japan
8.4.3.1. Key Country Dynamics
8.4.3.2. Japan Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.4.4. India
8.4.4.1. Key Country Dynamics
8.4.4.2. India Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.4.5. Australia
8.4.5.1. Key Country Dynamics
8.4.5.2. Australia Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.4.6. Thailand
8.4.6.1. Key Country Dynamics
8.4.6.2. Thailand Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.4.7. South Korea
8.4.7.1. Key Country Dynamics
8.4.7.2. South Korea Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.4.8. Indonesia
8.4.8.1. Key Country Dynamics
8.4.8.2. Indonesia Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.4.9. Malaysia
8.4.9.1. Key Country Dynamics
8.4.9.2. Malaysia Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.5. Latin America
8.5.1. Latin America Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.5.2. Brazil
8.5.2.1. Key Country Dynamics
8.5.2.2. Brazil Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.5.3. Argentina
8.5.3.1. Key Country Dynamics
8.5.3.2. Argentina Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.6. Middle East & Africa
8.6.1. Middle East & Africa Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.6.2. Saudi Arabia
8.6.2.1. Key Country Dynamics
8.6.2.2. Saudi Arabia Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.6.3. South Africa
8.6.3.1. Key Country Dynamics
8.6.3.2. South Africa Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
8.6.4. UAE
8.6.4.1. Key Country Dynamics
8.6.4.2. UAE Flow Battery Market Estimates & Forecasts, 2018 - 2030 (USD Million) (KWh)
Chapter 1. Flow Battery Market - Competitive Landscape
1.1. Recent Developments & Impact Analysis, By Key Market Participants
1.2. Company Categorization
1.3. Company Heat Map
1.4. Position Analysis, 2024
1.5. Strategy Mapping
1.5.1. Expansion
1.5.2. Mergers & Acquisition
1.5.3. Partnerships & Collaborations
1.5.4. New Product Launches
1.5.5. Research and Development
1.6. Company Profiles
1.6.1. ESS Tech, Inc.
1.6.1.1. Participant’s Overview
1.6.1.2. Financial Performance
1.6.1.3. Product Benchmarking
1.6.1.4. Recent Developments
1.6.2. Redox One
1.6.2.1. Participant’s Overview
1.6.2.2. Financial Performance
1.6.2.3. Product Benchmarking
1.6.2.4. Recent Developments
1.6.3. WattJoule Corporation
1.6.3.1. Participant’s Overview
1.6.3.2. Financial Performance
1.6.3.3. Product Benchmarking
1.6.3.4. Recent Developments
1.6.4. Invinity Energy Systems
1.6.4.1. Participant’s Overview
1.6.4.2. Financial Performance
1.6.4.3. Product Benchmarking
1.6.4.4. Recent Developments
1.6.5. Largo Inc.
1.6.5.1. Participant’s Overview
1.6.5.2. Financial Performance
1.6.5.3. Product Benchmarking
1.6.5.4. Recent Developments
1.6.6. Primus Power
1.6.6.1. Participant’s Overview
1.6.6.2. Financial Performance
1.6.6.3. Product Benchmarking
1.6.6.4. Recent Developments
1.6.7. Sumitomo Electric Industries, Ltd.
1.6.7.1. Participant’s Overview
1.6.7.2. Financial Performance
1.6.7.3. Product Benchmarking
1.6.7.4. Recent Developments
1.6.8. CellCube Energy Storage GmbH
1.6.8.1. Participant’s Overview
1.6.8.2. Financial Performance
1.6.8.3. Product Benchmarking
1.6.8.4. Recent Developments
1.6.9. Redflow Ltd.
1.6.9.1. Participant’s Overview
1.6.9.2. Financial Performance
1.6.9.3. Product Benchmarking
1.6.9.4. Recent Developments
1.6.10. VRB ENERGY
1.6.10.1. Participant’s Overview
1.6.10.2. Financial Performance
1.6.10.3. Product Benchmarking
1.6.10.4. Recent Developments
1.6.11. Elestor
1.6.11.1. Participant’s Overview
1.6.11.2. Financial Performance
1.6.11.3. Product Benchmarking
1.6.11.4. Recent Developments
1.6.12. Jena Flow Batteries GmbH
1.6.12.1. Participant’s Overview
1.6.12.2. Financial Performance
1.6.12.3. Product Benchmarking
1.6.12.4. Recent Developments
1.6.13. Lockheed Martin Corporation
1.6.13.1. Participant’s Overview
1.6.13.2. Financial Performance
1.6.13.3. Product Benchmarking
1.6.13.4. Recent Developments
1.6.14. EverFlow
1.6.14.1. Participant’s Overview
1.6.14.2. Financial Performance
1.6.14.3. Product Benchmarking
1.6.14.4. Recent Developments
1.6.15. Stryten Energy
1.6.15.1. Participant’s Overview
1.6.15.2. Financial Performance
1.6.15.3. Product Benchmarking
1.6.15.4. Recent Developments
1.6.16. ViZn Energy Systems
1.6.16.1. Participant’s Overview
1.6.16.2. Financial Performance
1.6.16.3. Product Benchmarking
1.6.16.4. Recent Developments

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