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

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.