Global Flow Batteries Strategic Business Report 2024: Market to grow by just under $1 billion by 2030

flow battery market

DUBLIN, April 24, 2024 (Globe Newswire) — The “Flow Batteries – Global Strategic Business Report'' report has been added. ResearchAndMarkets.com Recruitment.

Global flow battery market expected to reach $1.3 billion by 2030

The global market for flow batteries, estimated at USD 303.9 million in 2022, is projected to reach a revised size of USD 1.3 billion by 2030, growing by 20.4% over the analysis period 2022-2030. growing at a CAGR of Vanadium, one of the segments analyzed in the report, is projected to register a CAGR of 20% and reach USD 928.7 million by the end of the analysis period. The growth rate of the zinc bromine segment is estimated to be 22.4% CAGR over the next eight years.

The US market is estimated at $75.4 million, while China is projected to grow at a CAGR of 24.8%

The US flow battery market is estimated to be USD 75.4 million in 2022. China, the second largest economy in the world, is expected to reach a projected market size of USD 234.8 million by 2030, registering a CAGR of 24.8% by 2030. . The analysis period is from 2022 to 2030. Other notable geographic markets include Japan and Canada, which are expected to grow by 17.3% and 19%, respectively, over the 2022-2030 period. Among Europe, Germany is projected to grow at a CAGR of approximately 19.2%.
Key attributes:

Market overview

• Increasing focus on long-term energy storage with sustainable and efficient power solutions lays foundation for flow battery growth

• Manufacturers focus on addressing challenges

• Vanadium flow batteries attract attention

• Developing economies drive future growth

• Latest information on the world economy

• competition

• Competitive Market Presence – Strong/Active/Niche/Minor (E) for 77 Players Worldwide in 2023

• Overview of flow batteries

• Flow battery types and technology

• Advantages and disadvantages of flow batteries

• Application examples of flow batteries

• Influencer/Product/Technology Insights

• Recent market activity

• world brands

Market trends and drivers

• The growth of intermittent renewable energy sources and the associated need for energy storage: a significant opportunity for flow batteries

• energy storage grunge challenge

• Post-COVID-19 energy demand growth is inevitable, with renewable energy and energy storage technologies in the spotlight

• Choose a flow battery project for energy storage

• Will flow batteries surpass lithium-ion for large-scale energy storage?

• Flow batteries vs lithium ion batteries

• Increase in the number of startups in the flow battery field

• Expanding opportunities for flow batteries in the clean energy sector

• Innovative compact and affordable flow battery ushering in a new era of clean energy

• Flow batteries: A potential game changer for electric vehicles

• Increased adoption of EVs increases the value of flow batteries

• Utilities: Key end-use markets for flow batteries

• The need for improved energy management as power demand increases contributes to market expansion

• Electricity demand patterns that drive market expansion

• Grid modernization program emphasizes grid-tied energy storage

• flow battery for grid storage

• Redox flow battery for grid scale

• Smart grid boosts prospects for flow batteries

• Complex infrastructure and scale of modern data centers require energy storage: The potential of flow batteries

• Residential applications show that the penetration rate of flow batteries will increase in the long term

• Small flow battery companies witness growth in commercial and residential markets

• Flow batteries have potential in military applications

• Vanadium emerges as the preferred electrolyte for flow batteries

• Vanadium flow batteries reveal opportunities for energy storage

• Vanadium redox flow batteries: high growth market

• VRFB demonstrates efficiency in sustainable energy applications

• Vanadium redox flow batteries face tough challenges to replace lithium-ion batteries for utility-scale storage

• AI control of VRFB – the first control method to improve battery performance in DC microgrid applications

• Bromine Flow Batteries: Over-the-Counter Opportunities

• Hybrid Flow Battery Market: Overview

• Zinc Bromine (ZnBr) Chemistry: A Reliable Hybrid Flow Battery

• Zinc-iron flow batteries gain interest in grid-scale energy storage applications

• Redox flow batteries: huge potential in the battery storage market

• RFB advances to help ease the world's transition to a sustainable energy future

• Ongoing RFB project

• Technological innovations and advances drive demand for flow batteries

• Electrolyte models that can be rented as flow batteries to compete with lithium-ion batteries are in the spotlight

• Challenges facing the flow battery market

story continues

Focus on carefully selected players(77 posts in total)

For more information about this report, please visit https://www.researchandmarkets.com/r/fpk2nx.

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, top companies, new products and latest trends.

attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900