top of page
Report.png
Flow Battery Market

Flow Battery Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, Material, Storage and Application: Global Opportunity and Industry Forecast (2025-2030)

Report ID:

1060

Industry:

Electronics

Published on:

Oct 2025

Global Flow Battery Market had a value of USD 860 Million in 2024 and expected it to hit USD 2,080 Million by 2030, with a CAGR of 15.7 % during the forecast period.

Flow Battery Market Overview

The Flow Battery Market had significant rise in 2024 as industries and utilities are poised to invest in long-duration energy storage. The world is witnessing the deployment of flow battery systems in over 200 large-scale renewable energy projects utilizing flow battery systems, all new to the market this year, in big part in Asia, Europe and North America. Organizations across the world are deploying flow battery systems that use both vanadium and zinc-bromine chemistries, resulting in over 15,000 MWh of new storage capacity today across all companies. Countries including China, Australia and the United States have started various new pilot programs to utilize flow batteries for managing balance on the grid and smoothing renewables.

The momentum that technology is providing to the Flow Battery Market is real. In just 2024 alone, there have been more than 50 patent applications around the world filed on flow battery components and electrolytes. The total volume of patent activity is an indication that R&D remains robust. Corporate investments are increasing with Largo, ESS Tech and Redflow increasing production capacity and launching joint ventures. The most important indicator is that modular and containerized systems batteries are being deployed at more than one hundred commercial and industrial applications. This is a clear sign that flow batteries are now a real practicable option for applications that include microgrids, back-up power supply, and energy management in industrial applications.

Research and pilot projects have intensely ramped up in 2024, as there are now over 40 universities and research institutes active in exploring new flow battery chemistries and new system design. Manufacturing facilities are increasingly implementing automated assembly lines, producing thousands of battery stacks per year for demand in the commercial sector. In the industrial sector, there are now over 60 firms putting flow batteries to use for peak-shaving and backup power, and microgrid projects from around the world report over 10,000 cumulative operational hours of testing, to validate performance in real-world applications.

This extensive analysis by Jadhavar Business Intelligence Pvt Ltd provides consumers with a complete and actionable picture of the Global Flow Battery Market, including market size, share, trends, and growth estimates from 2024 to 2030. It provides a complete overview of important locations and countries by Type, Material, Storage and Application. Clients receive comprehensive market dynamics, business tool analysis (PORTER and PESTLE), a Technology roadmap, and regulatory updates. The study also includes country-specific projections, competitive benchmarking, Company profiles, and M&A activity, all of which aid in strategic planning, market entry analysis, and competitor positioning.

Flow Battery Market Dynamic’s

The Flow Battery Market over 2024 was continuously growing, driven by its usage and acceptance of renewable energy technologies, increasing investments into energy storage methods for energy generation projects. Over 250 solar and wind farms installed energy storage solutions to better deal with stabilization of energy production. Now, over 150 pilot projects deployment to enable flow battery technologies for grid balancing and microgrid applications. The energy density and efficiency for Flow Battery Market continuously improved in 2024, brings more than 60 new patents for improvements to its two most prevalent chemistries of vanadium and zinc-bromine. The commercial and industrial sectors had ostensibly started deploying flow batteries, more than 70 C&I facilities are deploying modular storage units for peak shaving, load management and backup power providing operational flexibility for the facilities unique from their energy storage systems.

In 2024, global advancements with Flow Battery Market must overcome logistical and operational challenges. In over 35 larger scale deployments reported commissioning timeliness, almost all had delays owing to logistical and assembly obstacles with the transport of the enormous and heavy shipping electrolyte tanks system. The installation reports checked that better than 20 of the industrial installations had to defer maintenance and any optimization activities mainly, also out of the trained techs, of all the trained techs coming from the 15 pilot continuations at peak demand, only some referred to technical issues. These challenges in Flow Battery Market continue to slow the speed of adoption despite rising interest from utilities and commercial users globally.

The Flow battery market was poised for incredible growth in 2024, with new solutions for reliable energy storage for long-duration applications. Research has found that over 100 renewable energy projects have considered flow batteries as a pathway to meet renewable intermittency while sustaining grid stability. The Flow battery market is evolving and developing faster than predicted with over 80 community and industrial microgrids deploying modular flow battery systems, some with backup and backup load-shifting services. New technologies have opened new opportunities, with over 45 patents filed globally last year on methods to stabilize electrolytes and enhance energy density. The increasing drive toward sustainable energy and reorganized storage solutions positions flow battery market as a key enabler of the global energy transition. 

Flow Battery Market Segment Analysis

The Flow Battery Market is segmented into Type, Material, Storage and Application.


By Material

Based on Material segment the Flow Battery Market is segmented into Vanadium, Zinc Bromine, Iron and Others. Vanadium has the largest market share of Flow Battery Market, accounted for 75% of the total material segment in 2024. Their leadership arises from proven commercial availability, long cycle life and durability (greater than 10,000 charge-discharge cycles), and scalable to multi-megawatt utility projects. Vanadium systems are now commonly used for large renewable integration projects in China, Japan, and across Europe (with over 150 sold and operational units already). Their ability to decouple power and energy capacity, and offering the top of class safety and recyclability, allow these systems to lead in grid scale applications. This gives their leadership position over zinc-bromine, iron and other emerging chemistries in 2024. 

By Application

Based on Application Segment, the Flow Battery Market is segmented into Grid/utility, Commercial & Industrial, EV Charging Stations and Residential. Within the Storage sector, Grid/utility appears the dominated sub segment, accounted for approximately 65% of total market share in 2024 for Flow Battery Market. One of the main reasons for such dominance is the rising demand for long-duration energy storage to maintain the stability of power systems that rely heavily on renewables, with utilities around the world committing to projects that exceed 1,000 MWh of total capacity. The number of major utility-scale installations in China, the U.S. and Europe is evidence of strong utility adoption, so this segment is now significantly ahead of commercial, EV charging, and residential usages.

Flow Battery Market Region analysis

By 2024 Asia Pacific region dominated the global flow battery market holding a share of the total turnover of nearly 45 %. The major reason for the region dominance was several big renewable integration projects that have been implemented in China, Japan and South Korea. Those are the countries where utility companies are setting up hundreds of MWh installations to assurance the grid safety. Apart from this, the dominance of the region is also supported by the presence of government incentives, a good capacity for production and the existence of globally established companies like Rongke Power and Sumitomo.

The transition to clean energy is going on in the two regions - North America and Europe - and led by the steady implementation of pilot projects, the setting up of microgrids, and the increasing need for long-duration storage in markets with a high share of renewable energy. As for Europe, besides the general trend of going green, two particular countries-the UK and Germany-run the installations quite actively. North America is making progress with the help of government-backed programs and more than 20 projects that are underway in the U.S. Besides, there are still some areas in the world that are far from the positive impact of renewable energy, e.g., the Middle East and Africa.

Flow Battery Market Competitive Analysis

By 2024, Flow Battery Market remains competitive, with Dalian Rongke Power was in the lead holding an estimated 22% of the market share from its large-scale vanadium redox projects in China, which consist of multi-hundred MWh grid installations. Invinity Energy Systems and Sumitomo Electric Industries still maintain good positions in Europe and Japan, where they are engaged in utility-scale and commercial deployments.

ESS Tech, Inc. was continuously growing with iron flow technology in North America, whereas Redflow and Enerox (CellCube) are getting stronger in Australia and Europe with modular solutions. The Elestor, VoltStorage, and Quino Energy are the new firms that are finding small spaces in the field of alternative chemistries, while Largo Inc. is using the vanadium supply route to bolster its operations. The effect of Lockheed Martin and VFlow Tech is just what is needed more competition thanks to their strategic alliances and pilot projects.

Flow Battery Market Scope:

Flow Battery Market Key Players –

·       Invinity Energy Systems

·       Dalian Rongke Power

·       VRB Energy

·       Sumitomo Electric Industries

·       Enerox (CellCube)

·       ESS Tech, Inc.

·       Primus Power

·       Redflow

·       Elestor

·       VFlow Tech

·       VoltStorage

·       Quino Energy

·       Largo Inc.

·       Lockheed Martin

·      Redox One

Frequently Ask Questions –

1)   Who are the major Key players of Flow Battery Market?

Ans - The Major Key players of Flow Battery Market are Invinity Energy Systems, Dalian Rongke Power, VRB Energy, Sumitomo Electric Industries and Enerox (CellCube).

2)     Which Region accounted highest share of the Flow Battery Market in 2024?

 Ans – Asia Pacific region accounted highest share of the Flow Battery Market.

 3)    What was the market size of Flow Battery Market in 2024?

Ans – In 2024, market size of the Flow Battery Market is USD 860 Million.

4)    Which Segment is expected to lead the market during forecast period?

Ans – Material Segment is the top segment holds the largest share in Flow Battery Market during forecast period.

5)    What will be the market size of Flow Battery Market in 2030?

Ans- The market size of Flow Battery Market in 2030 will be USD 2,080 Million.


Report Payment

Single User:
$4199
Spreadsheet:
$2900
Corporate User:
$5500
bottom of page