Press release
Flow Battery Market growing at CAGR of 15.41% by 2030, Driven by Renewable Energy Integration and Utility-Scale Storage Demand
Flow Battery Market Size, Share & Trends Forecast 2025-2030
Flow Battery Market Overview:
The global flow battery market [https://www.mordorintelligence.com/industry-reports/flow-battery-market?utm_source=abnewswire] is gaining strong momentum as energy storage becomes a critical component of renewable energy adoption worldwide. According to industry analysis, the market size is projected to grow from USD 1.02 billion in 2025 to USD 2.08 billion by 2030, registering a CAGR of 15.41% during the forecast period
Flow batteries, known for their long-duration energy storage capabilities, are increasingly being deployed in grid-scale projects, industrial facilities, and renewable energy systems. Their ability to deliver consistent performance, handle thousands of charge-discharge cycles, and offer scalability makes them a preferred choice for utilities and large-scale energy developers.
Emerging Trends in the Flow Battery Industry
Rising Demand from Renewable Energy Projects
The rapid expansion of solar and wind installations has created a pressing need for reliable energy storage solutions. Flow batteries are well-suited for balancing intermittent renewable generation, ensuring grid stability, and supporting continuous power supply. With global renewable capacity surpassing 3,063 GW in 2021, flow batteries are becoming integral to energy storage strategies.
Supply Chain Developments and Raw Material Security
China currently dominates the vanadium supply chain, accounting for nearly 66% of global production. This concentration has prompted manufacturers to pursue vertical integration and strategic partnerships with raw material suppliers. Such collaborations aim to secure vanadium supplies, stabilize pricing, and strengthen production capacity.
Technological Advancements in Flow Battery Design
Recent developments in electrolyte chemistry and stack design are improving system efficiency and reducing costs. For instance, Dubai Electricity and Water Authority (DEWA) filed a patent in 2022 for an advanced redox flow battery stack that enhances electrolyte distribution and power density
Stay ahead of the curve with global and localized reports-now available with detailed coverage of the Japanese market: https://www.mordorintelligence.com/ja/industry-reports/flow-battery-market?utm_source=abnewswire
Flow Battery Market Segmentation
By Type
* Vanadium Redox Flow Batteries (VRFBs):
* Hold approximately 83% market share in 2024.
* Lifespan exceeding 20 years, non-flammable, and capable of 100% depth of discharge.
* Widely used in utility-scale and off-grid applications.
* Zinc Bromine Flow Batteries:
* Expected to grow significantly due to lower material costs and higher energy density (65-75 Wh/kg).
* Suitable for small commercial installations and multi-megawatt-hour systems.
* Iron Flow Batteries:
* Cost-efficient and environmentally sustainable, with non-toxic characteristics.
* Require no additional cooling, making them practical for diverse applications.
* Zinc Iron Flow Batteries:
* Emerging technology with potential for grid-scale storage.
* Abundant raw material availability supports long-term commercial viability.
By Geography
* North America: Driven by clean energy targets and grid modernization in the United States.
* Europe: Strong growth supported by renewable energy policies and industrial decarbonization initiatives.
* Asia-Pacific: Largest and fastest-growing market, led by China, Japan, and South Korea.
* Middle East & Africa: Emerging opportunities in solar-rich regions like Saudi Arabia and UAE.
* South America: Increasing adoption in remote areas requiring reliable power supply.
Browse Energy & Power Industry Research Details: https://www.mordorintelligence.com/market-analysis/energy-power?utm_source=abnewswire
Top Key Players in the Flow Battery Industry
* VRB Energy - Focused on commercializing vanadium redox flow batteries for utility-scale projects.
* ESS Tech Inc. - Expanding automated manufacturing capacity to meet growing demand.
* RedFlow Ltd. - Advancing zinc-bromine technology with compact and scalable solutions.
* Invinity Energy Systems Plc. - Formed through the merger of redT energy and Avalon Battery, strengthening its global presence.
* Dalian Rongke Power Co. Ltd. - Operating one of the world's largest flow battery installations in China.
Conclusion:
The flow battery market is on track to double in size by 2030, underscoring its importance in the global energy transition. With renewable energy adoption accelerating, utilities and industries are increasingly turning to flow batteries for reliable, long-duration storage.
Browse Related Reports:
Battery Cell Market: The market is segmented By Type (Prismatic, Cylindrical, Pouch), By Application (Automotive-HEV, PHEV, EV; Industrial-Motive, Stationary including Telecom, UPS, ESS; Portable-Consumer Electronics; Power Tools; SLI; and other uses), and By Geography (North America, Asia-Pacific, Europe, and other regions).
Get Full Report Details: https://www.mordorintelligence.com/industry-reports/global-battery-cell-market?utm_source=abnewswire
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Get Full Report Details: https://www.mordorintelligence.com/industry-reports/battery-market?utm_source=abnewswire
About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
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