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Global Iron-Chromium (ICB) Flow Batteries Market Research Report 2024
Synopsis
Iron-chromium Flow Batteries were pioneered and extensively researched by NASA in the 1970s and 1980s and by Mitsui in Japan. The FeCr flow battery is a redox flow battery (RFB). Energy is stored by using Fe2+ – Fe3+ and Cr2+ – Cr3+ redox couples. The active chemicals are always completely dissolved in the aqueous electrolyte. Like other true RFBs, the power and energy ratings of the FeCr system are independent of each other and can be optimized individually for each application.
The global Iron-Chromium (ICB) Flow Batteries market was valued at US$ 3 million in 2023 and is anticipated to reach US$ 1901.9 million by 2030, witnessing a CAGR of 117.1% during the forecast period 2024-2030.
Iron-Chromium (ICB) Flow Batteries were pioneered and extensively researched by NASA in the 1970s and 1980s and by Mitsui in Japan. The FeCr flow battery is a redox flow battery (RFB). Energy is stored by using Fe2+ – Fe3+ and Cr2+ – Cr3+ redox couples. The active chemicals are always completely dissolved in the aqueous electrolyte. Like other true RFBs, the power and energy ratings of the FeCr system are independent of each other and can be optimized individually for each application. The iron-chromium flow battery energy storage technology is known as one of the longest and safest electrochemical energy storage technologies. The electrolyte solution of this technology is an aqueous solution, which will not explode, and can realize power and capacity on demand. Flexible customization, and has the advantages of long cycle life, good stability, easy recycling, wide operating temperature range, low cost, etc., and fully meets my country's large-scale, long-term energy storage needs of a new type of power system. At present, the main manufacturer in the global market is China State Power Investment Corporation, and the core production area is China. Iron-chromium flow batteries are currently used in energy storage systems.
This report aims to provide a comprehensive presentation of the global market for Iron-Chromium (ICB) Flow Batteries, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Iron-Chromium (ICB) Flow Batteries.
Report Scope
The Iron-Chromium (ICB) Flow Batteries market size, estimations, and forecasts are provided in terms of output/shipments (M Wh) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Iron-Chromium (ICB) Flow Batteries market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Iron-Chromium (ICB) Flow Batteries manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
State Power Investment Corporation
Segment by Type
4.5KW
30KW
Segment by Application
Energy Storage System
Public Utilities
Production by Region
China
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Iron-Chromium (ICB) Flow Batteries manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Iron-Chromium (ICB) Flow Batteries by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Iron-Chromium (ICB) Flow Batteries in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Iron-chromium Flow Batteries were pioneered and extensively researched by NASA in the 1970s and 1980s and by Mitsui in Japan. The FeCr flow battery is a redox flow battery (RFB). Energy is stored by using Fe2+ – Fe3+ and Cr2+ – Cr3+ redox couples. The active chemicals are always completely dissolved in the aqueous electrolyte. Like other true RFBs, the power and energy ratings of the FeCr system are independent of each other and can be optimized individually for each application.
The global Iron-Chromium (ICB) Flow Batteries market was valued at US$ 3 million in 2023 and is anticipated to reach US$ 1901.9 million by 2030, witnessing a CAGR of 117.1% during the forecast period 2024-2030.
Iron-Chromium (ICB) Flow Batteries were pioneered and extensively researched by NASA in the 1970s and 1980s and by Mitsui in Japan. The FeCr flow battery is a redox flow battery (RFB). Energy is stored by using Fe2+ – Fe3+ and Cr2+ – Cr3+ redox couples. The active chemicals are always completely dissolved in the aqueous electrolyte. Like other true RFBs, the power and energy ratings of the FeCr system are independent of each other and can be optimized individually for each application. The iron-chromium flow battery energy storage technology is known as one of the longest and safest electrochemical energy storage technologies. The electrolyte solution of this technology is an aqueous solution, which will not explode, and can realize power and capacity on demand. Flexible customization, and has the advantages of long cycle life, good stability, easy recycling, wide operating temperature range, low cost, etc., and fully meets my country's large-scale, long-term energy storage needs of a new type of power system. At present, the main manufacturer in the global market is China State Power Investment Corporation, and the core production area is China. Iron-chromium flow batteries are currently used in energy storage systems.
This report aims to provide a comprehensive presentation of the global market for Iron-Chromium (ICB) Flow Batteries, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Iron-Chromium (ICB) Flow Batteries.
Report Scope
The Iron-Chromium (ICB) Flow Batteries market size, estimations, and forecasts are provided in terms of output/shipments (M Wh) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Iron-Chromium (ICB) Flow Batteries market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Iron-Chromium (ICB) Flow Batteries manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
State Power Investment Corporation
Segment by Type
4.5KW
30KW
Segment by Application
Energy Storage System
Public Utilities
Production by Region
China
Consumption by Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America, Middle East & Africa
Mexico
Brazil
Turkey
GCC Countries
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Iron-Chromium (ICB) Flow Batteries manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Iron-Chromium (ICB) Flow Batteries by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Iron-Chromium (ICB) Flow Batteries in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Index1 Iron-Chromium (ICB) Flow Batteries Market Overview
1.1 Product Definition
1.2 Iron-Chromium (ICB) Flow Batteries Segment by Type
1.2.1 Global Iron-Chromium (ICB) Flow Batteries Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 4.5KW
1.2.3 30KW
1.3 Iron-Chromium (ICB) Flow Batteries Segment by Application
1.3.1 Global Iron-Chromium (ICB) Flow Batteries Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Energy Storage System
1.3.3 Public Utilities
1.4 Global Market Growth Prospects
1.4.1 Global Iron-Chromium (ICB) Flow Batteries Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Iron-Chromium (ICB) Flow Batteries Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Iron-Chromium (ICB) Flow Batteries Production Estimates and Forecasts (2019-2030)
1.4.4 Global Iron-Chromium (ICB) Flow Batteries Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Iron-Chromium (ICB) Flow Batteries Production Market Share by Manufacturers (2019-2024)
2.2 Global Iron-Chromium (ICB) Flow Batteries Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Iron-Chromium (ICB) Flow Batteries, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Iron-Chromium (ICB) Flow Batteries Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Iron-Chromium (ICB) Flow Batteries Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Iron-Chromium (ICB) Flow Batteries, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Iron-Chromium (ICB) Flow Batteries, Product Offered and Application
2.8 Global Key Manufacturers of Iron-Chromium (ICB) Flow Batteries, Date of Enter into This Industry
2.9 Iron-Chromium (ICB) Flow Batteries Market Competitive Situation and Trends
2.9.1 Iron-Chromium (ICB) Flow Batteries Market Concentration Rate
2.9.2 Global 5 and 10 Largest Iron-Chromium (ICB) Flow Batteries Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Iron-Chromium (ICB) Flow Batteries Production by Region
3.1 Global Iron-Chromium (ICB) Flow Batteries Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Iron-Chromium (ICB) Flow Batteries Production Value by Region (2019-2030)
3.2.1 Global Iron-Chromium (ICB) Flow Batteries Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Iron-Chromium (ICB) Flow Batteries by Region (2025-2030)
3.3 Global Iron-Chromium (ICB) Flow Batteries Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Iron-Chromium (ICB) Flow Batteries Production by Region (2019-2030)
3.4.1 Global Iron-Chromium (ICB) Flow Batteries Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Iron-Chromium (ICB) Flow Batteries by Region (2025-2030)
3.5 Global Iron-Chromium (ICB) Flow Batteries Market Price Analysis by Region (2019-2024)
3.6 Global Iron-Chromium (ICB) Flow Batteries Production and Value, Year-over-Year Growth
3.6.1 China Iron-Chromium (ICB) Flow Batteries Production Value Estimates and Forecasts (2019-2030)
4 Iron-Chromium (ICB) Flow Batteries Consumption by Region
4.1 Global Iron-Chromium (ICB) Flow Batteries Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Iron-Chromium (ICB) Flow Batteries Consumption by Region (2019-2030)
4.2.1 Global Iron-Chromium (ICB) Flow Batteries Consumption by Region (2019-2024)
4.2.2 Global Iron-Chromium (ICB) Flow Batteries Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Iron-Chromium (ICB) Flow Batteries Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Iron-Chromium (ICB) Flow Batteries Consumption by Country (2019-2030)
4.3.3 United States
4.3.4 Canada
4.4 Europe
4.4.1 Europe Iron-Chromium (ICB) Flow Batteries Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Iron-Chromium (ICB) Flow Batteries Consumption by Country (2019-2030)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Iron-Chromium (ICB) Flow Batteries Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Iron-Chromium (ICB) Flow Batteries Consumption by Region (2019-2030)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Iron-Chromium (ICB) Flow Batteries Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Iron-Chromium (ICB) Flow Batteries Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Iron-Chromium (ICB) Flow Batteries Production by Type (2019-2030)
5.1.1 Global Iron-Chromium (ICB) Flow Batteries Production by Type (2019-2024)
5.1.2 Global Iron-Chromium (ICB) Flow Batteries Production by Type (2025-2030)
5.1.3 Global Iron-Chromium (ICB) Flow Batteries Production Market Share by Type (2019-2030)
5.2 Global Iron-Chromium (ICB) Flow Batteries Production Value by Type (2019-2030)
5.2.1 Global Iron-Chromium (ICB) Flow Batteries Production Value by Type (2019-2024)
5.2.2 Global Iron-Chromium (ICB) Flow Batteries Production Value by Type (2025-2030)
5.2.3 Global Iron-Chromium (ICB) Flow Batteries Production Value Market Share by Type (2019-2030)
5.3 Global Iron-Chromium (ICB) Flow Batteries Price by Type (2019-2030)
6 Segment by Application
6.1 Global Iron-Chromium (ICB) Flow Batteries Production by Application (2019-2030)
6.1.1 Global Iron-Chromium (ICB) Flow Batteries Production by Application (2019-2024)
6.1.2 Global Iron-Chromium (ICB) Flow Batteries Production by Application (2025-2030)
6.1.3 Global Iron-Chromium (ICB) Flow Batteries Production Market Share by Application (2019-2030)
6.2 Global Iron-Chromium (ICB) Flow Batteries Production Value by Application (2019-2030)
6.2.1 Global Iron-Chromium (ICB) Flow Batteries Production Value by Application (2019-2024)
6.2.2 Global Iron-Chromium (ICB) Flow Batteries Production Value by Application (2025-2030)
6.2.3 Global Iron-Chromium (ICB) Flow Batteries Production Value Market Share by Application (2019-2030)
6.3 Global Iron-Chromium (ICB) Flow Batteries Price by Application (2019-2030)
7 Key Companies Profiled
7.1 State Power Investment Corporation
7.1.1 State Power Investment Corporation Iron-Chromium (ICB) Flow Batteries Corporation Information
7.1.2 State Power Investment Corporation Iron-Chromium (ICB) Flow Batteries Product Portfolio
7.1.3 State Power Investment Corporation Iron-Chromium (ICB) Flow Batteries Production, Value, Price and Gross Margin (2019-2024)
7.1.4 State Power Investment Corporation Main Business and Markets Served
7.1.5 State Power Investment Corporation Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Iron-Chromium (ICB) Flow Batteries Industry Chain Analysis
8.2 Iron-Chromium (ICB) Flow Batteries Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Iron-Chromium (ICB) Flow Batteries Production Mode & Process
8.4 Iron-Chromium (ICB) Flow Batteries Sales and Marketing
8.4.1 Iron-Chromium (ICB) Flow Batteries Sales Channels
8.4.2 Iron-Chromium (ICB) Flow Batteries Distributors
8.5 Iron-Chromium (ICB) Flow Batteries Customers
9 Iron-Chromium (ICB) Flow Batteries Market Dynamics
9.1 Iron-Chromium (ICB) Flow Batteries Industry Trends
9.2 Iron-Chromium (ICB) Flow Batteries Market Drivers
9.3 Iron-Chromium (ICB) Flow Batteries Market Challenges
9.4 Iron-Chromium (ICB) Flow Batteries Market Restraints
10 Research Finding and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
Published By : QY Research
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