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Global Redox Flow Battery Market Research Report 2024
Synopsis
A flow battery, or redox flow battery (after reduction–oxidation), is a type of rechargeable battery where recharge ability is provided by two chemical components dissolved in liquids contained within the system and separated by a membrane. Ion exchange (providing flow of electric current) occurs through the membrane while both liquids circulate in their own respective space. Cell voltage is chemically determined by the Nernst equation and ranges, in practical applications, from 1.0 to 2.2 volts. The performance of these devices is governed by the considerations of electrochemical engineering.
The global Redox Flow Battery market was valued at US$ 277.1 million in 2023 and is anticipated to reach US$ 576.5 million by 2030, witnessing a CAGR of 10.9% during the forecast period 2024-2030.
The industry's leading producers are Sumitomo Electric, Dalian Rongke Power and UniEnergy Technologies, which accounted for 21.51%, 21.19% and 11.28% of revenues respectively in 2019.
This report aims to provide a comprehensive presentation of the global market for Redox Flow Battery, 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 Redox Flow Battery.
Report Scope
The Redox Flow Battery market size, estimations, and forecasts are provided in terms of output/shipments (GWh) 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 Redox Flow Battery 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 Redox Flow Battery 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
Sumitomo Electric
Dalian Rongke Power
UniEnergy Technologies
Gildemeister
Primus Power
redTENERGY Storage
EnSync
Segment by Type
Vanadium Redox Flow Battery
Hybrid Flow Battery
Segment by Application
Utility Facilities
Renewable Energy Integration
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
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 Redox Flow Battery manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Redox Flow Battery 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 Redox Flow Battery 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.
A flow battery, or redox flow battery (after reduction–oxidation), is a type of rechargeable battery where recharge ability is provided by two chemical components dissolved in liquids contained within the system and separated by a membrane. Ion exchange (providing flow of electric current) occurs through the membrane while both liquids circulate in their own respective space. Cell voltage is chemically determined by the Nernst equation and ranges, in practical applications, from 1.0 to 2.2 volts. The performance of these devices is governed by the considerations of electrochemical engineering.
The global Redox Flow Battery market was valued at US$ 277.1 million in 2023 and is anticipated to reach US$ 576.5 million by 2030, witnessing a CAGR of 10.9% during the forecast period 2024-2030.
The industry's leading producers are Sumitomo Electric, Dalian Rongke Power and UniEnergy Technologies, which accounted for 21.51%, 21.19% and 11.28% of revenues respectively in 2019.
This report aims to provide a comprehensive presentation of the global market for Redox Flow Battery, 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 Redox Flow Battery.
Report Scope
The Redox Flow Battery market size, estimations, and forecasts are provided in terms of output/shipments (GWh) 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 Redox Flow Battery 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 Redox Flow Battery 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
Sumitomo Electric
Dalian Rongke Power
UniEnergy Technologies
Gildemeister
Primus Power
redTENERGY Storage
EnSync
Segment by Type
Vanadium Redox Flow Battery
Hybrid Flow Battery
Segment by Application
Utility Facilities
Renewable Energy Integration
Others
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
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 Redox Flow Battery manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Redox Flow Battery 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 Redox Flow Battery 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 Redox Flow Battery Market Overview
1.1 Product Definition
1.2 Redox Flow Battery Segment by Type
1.2.1 Global Redox Flow Battery Market Value Growth Rate Analysis by Type 2023 VS 2030
1.2.2 Vanadium Redox Flow Battery
1.2.3 Hybrid Flow Battery
1.3 Redox Flow Battery Segment by Application
1.3.1 Global Redox Flow Battery Market Value Growth Rate Analysis by Application: 2023 VS 2030
1.3.2 Utility Facilities
1.3.3 Renewable Energy Integration
1.3.4 Others
1.4 Global Market Growth Prospects
1.4.1 Global Redox Flow Battery Production Value Estimates and Forecasts (2019-2030)
1.4.2 Global Redox Flow Battery Production Capacity Estimates and Forecasts (2019-2030)
1.4.3 Global Redox Flow Battery Production Estimates and Forecasts (2019-2030)
1.4.4 Global Redox Flow Battery Market Average Price Estimates and Forecasts (2019-2030)
1.5 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Redox Flow Battery Production Market Share by Manufacturers (2019-2024)
2.2 Global Redox Flow Battery Production Value Market Share by Manufacturers (2019-2024)
2.3 Global Key Players of Redox Flow Battery, Industry Ranking, 2022 VS 2023 VS 2024
2.4 Global Redox Flow Battery Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.5 Global Redox Flow Battery Average Price by Manufacturers (2019-2024)
2.6 Global Key Manufacturers of Redox Flow Battery, Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Redox Flow Battery, Product Offered and Application
2.8 Global Key Manufacturers of Redox Flow Battery, Date of Enter into This Industry
2.9 Redox Flow Battery Market Competitive Situation and Trends
2.9.1 Redox Flow Battery Market Concentration Rate
2.9.2 Global 5 and 10 Largest Redox Flow Battery Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Redox Flow Battery Production by Region
3.1 Global Redox Flow Battery Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.2 Global Redox Flow Battery Production Value by Region (2019-2030)
3.2.1 Global Redox Flow Battery Production Value Market Share by Region (2019-2024)
3.2.2 Global Forecasted Production Value of Redox Flow Battery by Region (2025-2030)
3.3 Global Redox Flow Battery Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
3.4 Global Redox Flow Battery Production by Region (2019-2030)
3.4.1 Global Redox Flow Battery Production Market Share by Region (2019-2024)
3.4.2 Global Forecasted Production of Redox Flow Battery by Region (2025-2030)
3.5 Global Redox Flow Battery Market Price Analysis by Region (2019-2024)
3.6 Global Redox Flow Battery Production and Value, Year-over-Year Growth
3.6.1 North America Redox Flow Battery Production Value Estimates and Forecasts (2019-2030)
3.6.2 Europe Redox Flow Battery Production Value Estimates and Forecasts (2019-2030)
3.6.3 China Redox Flow Battery Production Value Estimates and Forecasts (2019-2030)
3.6.4 Japan Redox Flow Battery Production Value Estimates and Forecasts (2019-2030)
4 Redox Flow Battery Consumption by Region
4.1 Global Redox Flow Battery Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
4.2 Global Redox Flow Battery Consumption by Region (2019-2030)
4.2.1 Global Redox Flow Battery Consumption by Region (2019-2024)
4.2.2 Global Redox Flow Battery Forecasted Consumption by Region (2025-2030)
4.3 North America
4.3.1 North America Redox Flow Battery Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.3.2 North America Redox Flow Battery Consumption by Country (2019-2030)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Redox Flow Battery Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.4.2 Europe Redox Flow Battery 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 Redox Flow Battery Consumption Growth Rate by Region: 2019 VS 2023 VS 2030
4.5.2 Asia Pacific Redox Flow Battery 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 Redox Flow Battery Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
4.6.2 Latin America, Middle East & Africa Redox Flow Battery Consumption by Country (2019-2030)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
5 Segment by Type
5.1 Global Redox Flow Battery Production by Type (2019-2030)
5.1.1 Global Redox Flow Battery Production by Type (2019-2024)
5.1.2 Global Redox Flow Battery Production by Type (2025-2030)
5.1.3 Global Redox Flow Battery Production Market Share by Type (2019-2030)
5.2 Global Redox Flow Battery Production Value by Type (2019-2030)
5.2.1 Global Redox Flow Battery Production Value by Type (2019-2024)
5.2.2 Global Redox Flow Battery Production Value by Type (2025-2030)
5.2.3 Global Redox Flow Battery Production Value Market Share by Type (2019-2030)
5.3 Global Redox Flow Battery Price by Type (2019-2030)
6 Segment by Application
6.1 Global Redox Flow Battery Production by Application (2019-2030)
6.1.1 Global Redox Flow Battery Production by Application (2019-2024)
6.1.2 Global Redox Flow Battery Production by Application (2025-2030)
6.1.3 Global Redox Flow Battery Production Market Share by Application (2019-2030)
6.2 Global Redox Flow Battery Production Value by Application (2019-2030)
6.2.1 Global Redox Flow Battery Production Value by Application (2019-2024)
6.2.2 Global Redox Flow Battery Production Value by Application (2025-2030)
6.2.3 Global Redox Flow Battery Production Value Market Share by Application (2019-2030)
6.3 Global Redox Flow Battery Price by Application (2019-2030)
7 Key Companies Profiled
7.1 Sumitomo Electric
7.1.1 Sumitomo Electric Redox Flow Battery Corporation Information
7.1.2 Sumitomo Electric Redox Flow Battery Product Portfolio
7.1.3 Sumitomo Electric Redox Flow Battery Production, Value, Price and Gross Margin (2019-2024)
7.1.4 Sumitomo Electric Main Business and Markets Served
7.1.5 Sumitomo Electric Recent Developments/Updates
7.2 Dalian Rongke Power
7.2.1 Dalian Rongke Power Redox Flow Battery Corporation Information
7.2.2 Dalian Rongke Power Redox Flow Battery Product Portfolio
7.2.3 Dalian Rongke Power Redox Flow Battery Production, Value, Price and Gross Margin (2019-2024)
7.2.4 Dalian Rongke Power Main Business and Markets Served
7.2.5 Dalian Rongke Power Recent Developments/Updates
7.3 UniEnergy Technologies
7.3.1 UniEnergy Technologies Redox Flow Battery Corporation Information
7.3.2 UniEnergy Technologies Redox Flow Battery Product Portfolio
7.3.3 UniEnergy Technologies Redox Flow Battery Production, Value, Price and Gross Margin (2019-2024)
7.3.4 UniEnergy Technologies Main Business and Markets Served
7.3.5 UniEnergy Technologies Recent Developments/Updates
7.4 Gildemeister
7.4.1 Gildemeister Redox Flow Battery Corporation Information
7.4.2 Gildemeister Redox Flow Battery Product Portfolio
7.4.3 Gildemeister Redox Flow Battery Production, Value, Price and Gross Margin (2019-2024)
7.4.4 Gildemeister Main Business and Markets Served
7.4.5 Gildemeister Recent Developments/Updates
7.5 Primus Power
7.5.1 Primus Power Redox Flow Battery Corporation Information
7.5.2 Primus Power Redox Flow Battery Product Portfolio
7.5.3 Primus Power Redox Flow Battery Production, Value, Price and Gross Margin (2019-2024)
7.5.4 Primus Power Main Business and Markets Served
7.5.5 Primus Power Recent Developments/Updates
7.6 redTENERGY Storage
7.6.1 redTENERGY Storage Redox Flow Battery Corporation Information
7.6.2 redTENERGY Storage Redox Flow Battery Product Portfolio
7.6.3 redTENERGY Storage Redox Flow Battery Production, Value, Price and Gross Margin (2019-2024)
7.6.4 redTENERGY Storage Main Business and Markets Served
7.6.5 redTENERGY Storage Recent Developments/Updates
7.7 EnSync
7.7.1 EnSync Redox Flow Battery Corporation Information
7.7.2 EnSync Redox Flow Battery Product Portfolio
7.7.3 EnSync Redox Flow Battery Production, Value, Price and Gross Margin (2019-2024)
7.7.4 EnSync Main Business and Markets Served
7.7.5 EnSync Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Redox Flow Battery Industry Chain Analysis
8.2 Redox Flow Battery Key Raw Materials
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Redox Flow Battery Production Mode & Process
8.4 Redox Flow Battery Sales and Marketing
8.4.1 Redox Flow Battery Sales Channels
8.4.2 Redox Flow Battery Distributors
8.5 Redox Flow Battery Customers
9 Redox Flow Battery Market Dynamics
9.1 Redox Flow Battery Industry Trends
9.2 Redox Flow Battery Market Drivers
9.3 Redox Flow Battery Market Challenges
9.4 Redox Flow Battery 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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