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Redox Flow Battery Market - Forecasts from 2025 to 2030

Publisher Knowledge Sourcing Intelligence LLP
Published May 14, 2025
Length 148 Pages
SKU # KSIN20265302

Description

The Redox Flow Battery Market is projected to grow at a CAGR of 19.36% through 2030, reaching a market size of US$2,602.864 million by 2030 from US$1,074.456 million in 2025.

The Redox Flow Battery (RFB) Market is estimated to grow significantly during the mentioned timeframe due to the rising demand for long-duration batteries for energy storage in renewable energy systems. Its properties, like longer shelf life, high energy storage duration, and others, along with safety, make its demand competitive with alternatives. Additionally, the increasing government support and policies for energy storage are leading to market growth.

Market Trends:

Surging Demand for Renewable Energy Storage: The global push for renewable energy, driven by commitments like the Paris Agreement, is increasing the adoption of solar and wind power, fueling demand for energy storage systems capable of long-duration storage. Redox flow batteries, such as vanadium-based ones, offer 6 to 10 hours of storage, making them increasingly sought after to meet energy storage needs.
Shift to New Battery Chemistries: The market is moving toward alternative chemistries like hybrid, iron redox, and polysulfide-bromide redox batteries. This transition is driven by the need for cost-effective solutions and reducing dependence on vanadium, fostering innovation in the energy storage sector.
Asia-Pacific Market Growth: The Asia-Pacific region is expected to experience significant growth and maintain market dominance, led by China, Japan, and South Korea. Factors such as expanding renewable energy adoption, industrialization, and strong government support are driving the market. China’s dominance in vanadium production further strengthens the region’s position. In September 2024, VRB Energy, a vanadium redox flow battery manufacturer, announced plans to construct two factories in China: one in Changzhi City, Shanxi province, with a 300MW annual capacity, and another in Huaihua with a 200MW annual capacity.

Some of the major players covered in this report include Invinity Energy Systems plc, VRB Energy Inc., Sumitomo Electric Industries Ltd., ESS Tech Inc., Largo Inc., and Redflow Limited, among others.

Key Benefits of this Report:

Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments.
Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments.
Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment.
Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

Historical data from 2022 to 2024 & forecast data from 2025 to 2030
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

Redox Flow Battery Market Segmentation:

By Type

Vanadium Redox Flow Battery (VRFB)
Zinc-Bromine Flow Battery
Iron Flow Battery
Hybrid Flow Battery
Other

By Component

Electrolyte
Electrodes
Membranes
Others

By Power

<100 kW
100 kW–1 MW
>1 MW

By Application

Utility-scale Energy Storage
Renewable Energy Integration
Microgrids and Off-grid solutions
Commercial & Industrial (C&I) Facilities
Telecom & Data Centers
Military and Remote Applications

By End-Use Industry

Utilities
Commercial & Industrial
Government & Defense
Mining
Educational & Research Institutes

By Region

North America
USA
Mexico
Others
South America
Brazil
Argentina
Others
Europe
United Kingdom
Germany
France
Spain
Others
Middle East & Africa
Saudi Arabia
UAE
Others
Asia Pacific
China
Japan
India
South Korea
Taiwan
Others

Table of Contents

148 Pages
1. EXECUTIVE SUMMARY
2. MARKET SNAPSHOT
2.1. Market Overview
2.2. Market Definition
2.3. Scope of the Study
2.4. Market Segmentation
3. BUSINESS LANDSCAPE
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Porter’s Five Forces Analysis
3.5. Industry Value Chain Analysis
3.6. Policies and Regulations
3.7. Strategic Recommendations
4. TECHNOLOGICAL OUTLOOK
5. REDOX FLOW BATTERY MARKET BY TYPE
5.1. Introduction
5.2. Vanadium Redox Flow Battery (VRFB)
5.3. Zinc-Bromine Flow Battery
5.4. Iron Flow Battery
5.5. Hybrid Flow Battery
5.6. Other
6. REDOX FLOW BATTERY MARKET BY COMPONENT
6.1. Introduction
6.2. Electrolyte
6.3. Electrodes
6.4. Membranes
6.5. Others
7. REDOX FLOW BATTERY MARKET BY POWER
7.1. Introduction
7.2. <100 kW
7.3. 100 kW–1 MW
7.4. >1 MW
8. REDOX FLOW BATTERY MARKET BY APPLICATION
8.1. Introduction
8.2. Utility-scale Energy Storage
8.3. Renewable Energy Integration
8.4. Microgrids and Off-grid Solutions
8.5. Commercial & Industrial (C&I) Facilities
8.6. Telecom & Data Centers
8.7. Military and Remote Applications
9. REDOX FLOW BATTERY MARKET BY END-USE INDUSTRY
9.1. Introduction
9.2. Utilities
9.3. Commercial & Industrial
9.4. Government & Defense
9.5. Mining
9.6. Educational & Research Institutes
10. REDOX FLOW BATTERY MARKET BY GEOGRAPHY
10.1. Introduction
10.2. North America
10.2.1. By Type
10.2.2. By Component
10.2.3. By Power
10.2.4. By Application
10.2.5. By End-Use Industry
10.2.6. By Country
10.2.6.1. USA
10.2.6.2. Canada
10.2.6.3. Mexico
10.3. South America
10.3.1. By Type
10.3.2. By Component
10.3.3. By Power
10.3.4. By Application
10.3.5. By End-Use Industry
10.3.6. By Country
10.3.6.1. Brazil
10.3.6.2. Argentina
10.3.6.3. Others
10.4. Europe
10.4.1. By Type
10.4.2. By Component
10.4.3. By Power
10.4.4. By Application
10.4.5. By End-Use Industry
10.4.6. By Country
10.4.6.1. United Kingdom
10.4.6.2. Germany
10.4.6.3. France
10.4.6.4. Spain
10.4.6.5. Others
10.5. Middle East and Africa
10.5.1. By Type
10.5.2. By Component
10.5.3. By Power
10.5.4. By Application
10.5.5. By End-Use Industry
10.5.6. By Country
10.5.6.1. Saudi Arabia
10.5.6.2. UAE
10.5.6.3. Others
10.6. Asia Pacific
10.6.1. By Type
10.6.2. By Component
10.6.3. By Power
10.6.4. By Application
10.6.5. By End-Use Industry
10.6.6. By Country
10.6.6.1. China
10.6.6.2. Japan
10.6.6.3. India
10.6.6.4. South Korea
10.6.6.5. Taiwan
10.6.6.6. Others
11. COMPETITIVE ENVIRONMENT AND ANALYSIS
11.1. Major Players and Strategy Analysis
11.2. Market Share Analysis
11.3. Mergers, Acquisitions, Agreements, and Collaborations
11.4. Competitive Dashboard
12. COMPANY PROFILES
12.1. Invinity Energy Systems plc
12.2. VRB Energy, Inc.
12.3. Sumitomo Electric Industries, Ltd.
12.4. ESS, Tech Inc.
12.5. Largo Inc.
12.6. CellCube
12.7. H2, Inc.
12.8. VoltStorage GmbH
12.9. Dalian Rongke Power Co., Ltd.
12.10. VisBlue ApS
13. APPENDIX
13.1. Currency
13.2. Assumptions
13.3. Base and Forecast Years Timeline
13.4. Key benefits for the stakeholders
13.5. Research Methodology
13.6. Abbreviations

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