Report Highlights
The global market for flow batteries should grow from $288.5 million in 2021 to $1.0 billion by 2026 with a compound annual growth rate (CAGR) of 28.6% for the period of 2021-2026.
Report Includes
- 43 data tables and 11 additional tables
- An overview of the global market for flow batteries
- Estimation of the market size and analyses of market trends, with data from 2020, estimates for 2021 and projection of CAGR through 2026
- Market share analysis of flow batteries by type, end use, application, and region, and evaluation of market size and forecast, and detailed analysis of drivers, challenges, and opportunities affecting market growth
- Description of flow batteries functioning that makes them the safest batteries with negligible risk of fire hazards, and discussion on how flow batteries are different from conventional batteries and high-temperature batteries
- Coverage of recent R&D activities and insights into regulations and norms concerning the flow batteries market
- Market share analysis of the key companies of the industry and coverage of events like mergers & acquisitions, joint ventures, collaborations or partnerships, and other key market strategies
- Comprehensive company profiles of major players, including Redflow, ESS Inc., Vionx Energy, Unienergy Technologies, EnerVault Corp., Primus Power and Sumitomo Electric Industries Ltd.
Report Scope
The flow battery report covers all batteries that are currently available commercially. The market report also analyzes the end-use segments in which flow batteries find application at both the regional and country level.
The report provides market size and estimations in terms of revenue (U.S. currency), considering 2020 as the base year with a market forecast provided from 2021 to 2026. The market size for regional and country level also is covered. The report also analyzes the impact of the COVID-19 pandemic on the market estimations.
In terms of battery technology, the market for flow batteries is segmented into:
- Vanadium redox flow battery (VRFB).
- Zinc bromine (ZnBr) flow battery.
- Other batteries.
In terms of application, the market for flow batteries is segmented into-
- Load shifting.
- Peaking capacity.
- Microgrid formation.
- Others.
In terms of end-use, the market for flow batteries is segmented into-
- Utility.
- Commercial.
- Residential.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
- Global Markets, Technologies and Materials for Thin and Ultrathin Films (SMC057D)
- Molecular Farming: Global Markets (CHM187A)
- Exosome Diagnostics, Therapeutics and Research Tools: Global Markets (BIO149E)
- Global Skin Allergy Testing Market (MDS104A)
- Global Aircraft Recycling Market (AVM250A)
Related Reports
Supercapacitors: Technology Developments and Global Markets
The global supercapacitors market should reach $9.6 billion by 2027 from $4.6 billion in 2022 at a compound annual growth rate (CAGR) of 15.7% for the forecast period of 2022 to 2027.
Zinc-Bromine Batteries: Global Market to 2026
The global market for zinc-bromine batteries should grow from $37.0 billion in 2021 to $115.9 billion by 2026, at compound annual growth rate (CAGR) of 25.6% for the period of 2021-2026.
Grid-Scale Electricity Storage Technologies: Global Markets
The global market for grid-scale electricity storage technologies should grow from $1.6 billion in 2020 to $2.7 billion by 2025, at compound annual growth rate (CAGR) of 10.6% for the period of 2020-2025.
Solid State Battery: Global Markets
This report focuses on the growing use of solid-state battery and how the market is expected to perform in the coming years. The report provides an in-depth knowledge of the solid-state battery market, and the challenges faced by the various market players. It provides current market value, expected market value in the next five years, average growth rate, drivers, restraints, and a qualitative analysis of the market and identifies how the solid-state battery market is performing and its new and upcoming technologies.
Recent Reports
E-Bike: Global Markets
The global market for e-bikes is expected to grow from $44.9 billion in 2023 and projected to reach $77.6 billion by the end of 2028, at a compound annual growth rate (CAGR) of 11.6% from 2023 through 2028.
Global Electric Vehicle Insulation Market
The global market for electric vehicle insulation is expected to increase from $3.1 billion in 2023 to $9.1 billion by the end of 2028, with a compound annual growth rate (CAGR) of 24.4% during the forecast period of 2023-2028.
Global Electrical Vehicle Battery Market
The global electric vehicle batteries market should reach $161.3 billion by 2028 from $66.4 billion in 2023 at a compound annual growth rate (CAGR) of 19.4% for the forecast period of 2023 to 2028.
Next-Generation Advanced Batteries: Global Markets
The global next-generation advanced batteries market reached $87.6 million in 2022 and should reach $1.8 billion by 2027, with a compound annual growth rate (CAGR) of 83.5% during the forecast period of 2022-2027.
Wireless Electric Vehicle Chargers: Global Market Outlook
This report analyzes the global and regional global wireless charging market for electric vehicles. Electric vehicles (EVs) include passenger vehicles, scooters, and buses. State-of-the-art batteries have enabled a growing niche market for trucks, buses, and passenger cars. These electric vehicles require a charging infrastructure which is expected to see high growth in the future.
Top Trending Reports
Cell and Gene Therapy Tools, and Reagents: Global Markets
The global market for cell and gene therapy tools and reagents is estimated to grow from $8.3 billion in 2022 to $13.7 billion in 2027, with a compound annual growth rate (CAGR) of 10.6% for the period of 2022-2027.
World Markets for Fermentation Ingredients
The global fermentation-derived fine chemicals market should reach $42.4 billion by 2027 from $32.0 billion in 2022 at a compound annual growth rate (CAGR) of 5.8% for the forecast period of 2022 to 2027.
Digital Pathology: Technologies and Global Markets
The global digital pathology market is estimated to increase from $5.9 billion in 2022 to reach $10.7 billion by 2027, at a compound annual growth rate (CAGR) of 12.5% from 2022 through 2027.
Smartphone-Based Patient Monitoring: Global Market
The global smartphone-based patient monitoring market should reach $21.5 billion by 2027 from $6.8 billion in 2022 at a compound annual growth rate (CAGR) of 25.9% for the forecast period of 2022 to 2027.
Seawater and Brackish Water Desalination
The global market for seawater and brackish water desalination is estimated to increase from $14.7 billion in 2022 to $21.7 billion by 2027, at a compound annual growth rate (CAGR) of 8.1% from 2022 through 2027.
Become A Member
BCC Research offers a comprehensive library of reports, granting members unlimited access to data, insights, and market intelligence for informed business decisions, while actively supporting members in their evolving journeys and prioritizing high-quality, relevant topics based on continuous engagement with the research community.
Find Out MoreCustom Consulting
BCC Research emphasizes the importance of organizations leveraging highly customized market insights aligned with specific strategic business objectives through direct engagement with primary sources and proprietary forecasting models for profitable decision-making in maximizing growth opportunities and minimizing risks.
Customize NowScorecard
The Venture Scorecard provides commercialization offices and decision makers with expert analysis, offering strategic insights crucial for aligning objectives with market realities at various stages of commercializing new products or evaluating investment opportunities, from opportunity assessment to growth planning.
Find Out MoreInnovation Spotlight
Our industry experts offer strategic guidance to maximize the market potential of commercialized products, patents, and IP by providing insights into market trends, competitive dynamics, and effective positioning, using the Innovation Spotlight service for enhanced exposure to thought leaders and the wider community.
Find Out More