Global Flow Battery Market – Industry Trends and Forecast to 2031

Análisis y tamaño del mercado de baterías de flujo

El mercado está experimentando un crecimiento significativo, impulsado por la creciente demanda de soluciones de almacenamiento de energía, en particular en aplicaciones de integración de energía renovable y estabilización de la red. Las inversiones gubernamentales en tecnologías de baterías de flujo, en particular en proyectos de almacenamiento de energía, también contribuyen al crecimiento del mercado. El enfoque cada vez mayor en soluciones de energía sostenible y la creciente necesidad de sistemas de almacenamiento de energía confiables y eficientes probablemente crearán oportunidades lucrativas para los actores del mercado.

El tamaño del mercado global de baterías de flujo se valoró en USD 381,43 mil millones en 2023 y se proyecta que alcance los USD 2853,27 mil millones para 2031, con una CAGR del 28,60% durante el período de pronóstico de 2024 a 2031. Además de los conocimientos sobre escenarios de mercado como el valor de mercado, la tasa de crecimiento, la segmentación, la cobertura geográfica y los principales actores, los informes de mercado seleccionados por Data Bridge Market Research también incluyen un análisis experto en profundidad, producción y capacidad por empresa representada geográficamente, diseños de red de distribuidores y socios, análisis de tendencias de precios detallado y actualizado y análisis de déficit de la cadena de suministro y la demanda.

Alcance del informe y segmentación del mercado       

Definición de mercado

Una batería de flujo es un tipo de batería recargable en la que la energía química se almacena en soluciones de electrolito líquido contenidas en tanques externos. A diferencia de las baterías convencionales, en las que el almacenamiento de energía se encuentra dentro de la celda de la batería, en las baterías de flujo el electrolito se bombea a través de electrodos y una membrana, lo que crea una reacción electroquímica que produce electricidad. Las baterías de flujo son conocidas por almacenar grandes cantidades de energía durante períodos prolongados, lo que las hace adecuadas para aplicaciones de almacenamiento de energía a escala de red.

Dinámica del mercado de baterías de flujo

Conductores

• Apoyo e incentivos gubernamentales

Con la creciente adopción de energía solar y eólica, existe una creciente demanda de soluciones de almacenamiento de energía para gestionar la intermitencia de estas fuentes. Las baterías de flujo, conocidas por almacenar energía sustancial durante períodos prolongados, son adecuadas para esta función. La asignación de 24 millones de dólares por parte del gobierno australiano a su industria local de baterías de flujo en agosto de 2023 destaca la creciente demanda de integración de fuentes de energía renovable. Esta inversión en baterías de flujo de producción local reforzará la capacidad de Queensland para el almacenamiento de baterías domésticas, en consonancia con los objetivos de energía renovable del estado e impulsará el crecimiento del mercado.

• Demanda creciente de integración de energía renovable

La creciente demanda de integración de energías renovables se debe a la creciente penetración de la energía solar y eólica, lo que dificulta el equilibrio entre la oferta y la demanda de energía. Las soluciones de almacenamiento de energía son cruciales para abordar estos desafíos, ya que almacenan el exceso de energía producida durante la alta generación y la liberan cuando la demanda supera la oferta. Debido a su capacidad para almacenar grandes cantidades de energía durante períodos prolongados, la adopción de baterías de flujo en el mercado está aumentando, impulsada por la necesidad de una integración eficaz de la energía renovable y la estabilidad de la red.

Oportunidades

• Creciente demanda de estabilización de la red  

Con la creciente complejidad de las redes eléctricas modernas y la frecuencia cada vez mayor de interrupciones de la red, existe una creciente necesidad de sistemas de almacenamiento de energía para proporcionar servicios de estabilización de la red. Las baterías de flujo son cada vez más atractivas para los operadores de la red debido a su capacidad de adaptarse rápidamente a los cambios en la oferta y la demanda, lo que impulsa su demanda en el mercado y crea nuevas oportunidades.

• Technological Advancements    

Ongoing advancements in flow battery technology drive significant improvements in performance and efficiency, positioning flow batteries as competitive alternatives to other energy storage technologies. Key advancements include electrolyte formulations, which enhance energy storage capacity and cycle life, and the development of advanced membrane materials that improve battery efficiency and reduce maintenance requirements. The market for flow batteries is expected to grow as these technological advancements continue to enhance the capabilities of flow battery systems.

Restraints/Challenges

• High Initial Costs   

While the long-term operational benefits of flow batteries, such as their ability to store large amounts of energy for extended periods, are appealing, the initial investment required can be prohibitive for some users. This is especially true for large-scale installations, where the cost per kilowatt-hour of storage is a critical factor in decision-making. The high costs of installation and maintenance expenses for flow battery systems present a significant challenge for market growth.      

• Limited Energy Density

Flow batteries face limitations in terms of energy density compared to other battery technologies, such as lithium-ion batteries. This limitation means that flow batteries require more space to store the same amount of energy, which can be a constraint in applications where space is limited. While flow batteries excel in applications requiring long-duration energy storage, their lower energy density may limit their suitability for certain applications, particularly those with space constraints, which can be challenging for the market.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the flow battery market contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In June 2023, Invinity Energy Systems, a leading global manufacturer of utility-grade energy storage, expanded its global presence. The company has successfully sold 2.07 MWh worth of vanadium batteries to Orcas Power and Light Cooperative (OPALCO). This sale is intended for use in a solar plus storage project, where OPALCO will install nine Invinity VS3 vanadium flow batteries alongside a 2.75 MWp solar array
• In June 2023, Redflow Limited's flow batteries received funding and approval from the California Energy Commission (CEC) for a large-scale solar and storage project. The 20-MWh system is set to become one of the largest zinc-based battery projects globally and marks Redflow's largest single sale and deployment of batteries to date. This approval places Redflow among a select group of commercially proven non-lithium storage providers that the CEC is supporting as part of its efforts to build a robust portfolio of long-duration energy storage projects

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Flow Battery Market Scope

The market is segmented on the basis of type, material, storage, application, component, and ownership. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Redox
• Hybrid

Material

• Vanadium
• Zinc–Bromine

Storage

• Compact
• Large Scale

Application

• Utilities
• Commercial and Industrial
• Military
• EV Charging Station

Component

• Membrane
• Power Conditioning System (PCS)
• Heat Exchanger
• Graphite Felt
• Bipolar Plate
• Other

Ownership

• Customer-Owned
• Third-Party Owned
• Utility Owned

Flow Battery Market Regional Analysis/Insights

The market is analyzed and market size insights and trends are provided by country, type, material, storage, application, component, and ownership as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America.

Asia-Pacific is expected to dominate the market and be the fastest growing region due to the significant uptake of flow batteries in key economies such as China, Australia, and Japan. The adoption of these batteries is swiftly rising, especially in utility, industrial, and commercial sectors. Furthermore, the market is poised for further growth with government investments in flow batteries.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Flow Battery Market Share Analysis

The market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Some of the major players operating in the market are:

• Lockheed Martin Corporation (U.S.)
• ViZn Energy Systems (U.S.)
• UniEnergy Technologies (U.S.)
• Sumitomo Electric Industries, Ltd. (Japan)
• Invinity Energy Systems (U.S.)
• Iqony Solar Energy Solutions (Germany)
• ESS, Inc (U.S.)
• Primus Power (U.S.)
• nanoFlowcell Management AG (Switzerland)
• Primus Power (U.S.)
• Gelion plc (Australia)
• redT energy plc (U.K.)
• UniEnergy Technologies (U.S.)
• Redflow Limited (Australia)
• Elestor (Netherland)
• JenaBatteries GmbH (Germany)
• Volterion Dortmund (Germany)
• VoltStorage (Germany)
• H2, Inc. (South Korea)
• KEMIWATT (France)

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