Flow Battery - Global and China Top Players Market Share and Ranking 2025- YH Research

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Flow Battery - Global and China Top Players Market Share and Ranking 2025

Publication Date: 2025-01-19
Report Id: 1803219
Industry: Energy & Power
Report Page: 93
Chart: 97

PDF Download

Publication Date: 2025-01-19
Report Id: 1803219
Industry: Energy & Power
Report Page: 93
Chart: 97

PDF Download

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Table of Contents
Description
Table of Figures
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1 Market Overview
1.1 Flow Battery Definition
1.2 Global Flow Battery Market Size and Forecast
1.2.1 By Consumption Value, Global Flow Battery Market Size, 2020-2031
1.2.2 By Sales Quantity, Global Flow Battery Market Size, 2020-2031
1.2.3 Global Flow Battery Average Selling Price (ASP), 2020-2031
1.3 China Flow Battery Market Size and Forecast
1.3.1 By Consumption Value, China Flow Battery Market Size, 2020-2031
1.3.2 By Sales Quantity, China Flow Battery Market Size, 2020-2031
1.3.3 China Flow Battery Average Selling Price (ASP), 2020-2031
1.4 Share of China Flow Battery Market with Respect to the Global Market
1.4.1 By Consumption Value, China Flow Battery Market Share in Global, 2020-2031
1.4.2 By Sales Quantity, China Flow Battery Market Share in Global, 2020-2031
1.4.3 Flow Battery Market Size: China VS Global, 2020-2031
1.5 Flow Battery Market Dynamics
1.5.1 Flow Battery Market Drivers
1.5.2 Flow Battery Market Restraints
1.5.3 Flow Battery Industry Trends
1.5.4 Flow Battery Industry Policy

2 Global Leading Manufacturers and Market Share
2.1 By Revenue of Flow Battery, Global Market Share by Company, 2020-2025
2.2 By Sales Quantity of Flow Battery, Global Market Share by Company, 2020-2025
2.3 Flow Battery Average Selling Price (ASP) by Company, 2020-2025
2.4 Global Flow Battery Participants, Market Position (Tier 1, Tier 2, and Tier 3)
2.5 Global Flow Battery Concentration Ratio
2.6 Global Flow Battery Mergers & Acquisitions, Expansion Plans
2.7 Global Flow Battery Manufacturers Product Type
2.8 Head Office and Flow Battery Production Site of Key Manufacturer
2.9 Flow Battery Capacity of Major Manufacturers and Future Plan

3 China Leading Manufacturers and Market Share
3.1 By Revenue of Flow Battery, China Market Share by Company, 2020-2025
3.2 By Sales Quantity of Flow Battery, China Market Share by Company, 2020-2025
3.3 China Flow Battery Flow Battery Participants, Market Position (Tier 1, Tier 2, and Tier 3)

4 Global Producing Regions
4.1 Global Flow Battery Capacity, Output and Capacity Utilization, 2020-2031
4.2 Global Flow Battery Capacity by Region
4.3 Global Flow Battery Production & Forecast by Region, 2020 VS 2024 VS 2031
4.4 Global Flow Battery Production by Region, 2020-2031
4.5 Global Flow Battery Production Market Share & Forecast by Region, 2020-2031

5 Industry Chain Analysis
5.1 Flow Battery Industry Chain
5.2 Flow Battery Upstream Analysis
5.2.1 Flow Battery Core Raw Materials
5.2.2 Main Manufacturers of Flow Battery Core Raw Materials
5.3 Midstream Analysis
5.4 Downstream Analysis
5.5 Flow Battery Production Mode
5.6 Flow Battery Procurement Model
5.7 Flow Battery Industry Sales Model and Sales Channels
5.7.1 Flow Battery Sales Model
5.7.2 Flow Battery Typical Distributors

6 Sights by Product Type
6.1 Flow Battery Classification
6.1.1 Vanadium Flow Battery
6.1.2 Hybrid Flow Battery
6.2 by Type, Global Flow Battery Consumption Value & CAGR, 2020 VS 2024 VS 2031
6.3 by Type, Global Flow Battery Consumption Value, 2020-2031
6.4 by Type, Global Flow Battery Sales Quantity, 2020-2031
6.5 by Type, Global Flow Battery Average Selling Price (ASP), 2020-2031

7 Sights by Application
7.1 Flow Battery Segment by Application
7.1.1 Utility Facilities
7.1.2 Renewable Energy Integration
7.1.3 Others
7.2 by Application, Global Flow Battery Consumption Value & CAGR, 2020 VS 2024 VS 2031
7.3 by Application, Global Flow Battery Consumption Value, 2020-2031
7.4 by Application, Global Flow Battery Sales Quantity, 2020-2031
7.5 by Application, Global Flow Battery Price, 2020-2031

8 Sales Sights by Region
8.1 By Region, Global Flow Battery Consumption Value, 2020 VS 2024 VS 2031
8.2 By Region, Global Flow Battery Consumption Value, 2020-2031
8.3 By Region, Global Flow Battery Sales Quantity, 2020-2031
8.4 North America
8.4.1 North America Flow Battery Market Size & Forecasts, 2020-2031
8.4.2 By Country, North America Flow Battery Market Size Market Share
8.5 Europe
8.5.1 Europe Flow Battery Market Size & Forecasts, 2020-2031
8.5.2 By Country, Europe Flow Battery Market Size Market Share
8.6 Asia Pacific
8.6.1 Asia Pacific Flow Battery Market Size & Forecasts, 2020-2031
8.6.2 By Country/Region, Asia Pacific Flow Battery Market Size Market Share
8.7 South America
8.7.1 South America Flow Battery Market Size & Forecasts, 2020-2031
8.7.2 By Country, South America Flow Battery Market Size Market Share
8.8 Middle East & Africa

9 Sales Sights by Country Level
9.1 By Country, Global Flow Battery Market Size & CAGR, 2020 VS 2024 VS 2031
9.2 By Country, Global Flow Battery Consumption Value, 2020-2031
9.3 By Country, Global Flow Battery Sales Quantity, 2020-2031
9.4 United States
9.4.1 United States Flow Battery Market Size, 2020-2031
9.4.2 by Type, United States Flow Battery Sales Quantity Market Share, 2024 VS 2031
9.4.3 by Application, United States Flow Battery Sales Quantity Market Share, 2024 VS 2031
9.5 Europe
9.5.1 Europe Flow Battery Market Size, 2020-2031
9.5.2 by Type, Europe Flow Battery Sales Quantity Market Share, 2024 VS 2031
9.5.3 by Application, Europe Flow Battery Sales Quantity Market Share, 2024 VS 2031
9.6 China
9.6.1 China Flow Battery Market Size, 2020-2031
9.6.2 by Type, China Flow Battery Sales Quantity Market Share, 2024 VS 2031
9.6.3 by Application, China Flow Battery Sales Quantity Market Share, 2024 VS 2031
9.7 Japan
9.7.1 Japan Flow Battery Market Size, 2020-2031
9.7.2 by Type, Japan Flow Battery Sales Quantity Market Share, 2024 VS 2031
9.7.3 by Application, Japan Flow Battery Sales Quantity Market Share, 2024 VS 2031
9.8 South Korea
9.8.1 South Korea Flow Battery Market Size, 2020-2031
9.8.2 by Type, South Korea Flow Battery Sales Quantity Market Share, 2024 VS 2031
9.8.3 by Application, South Korea Flow Battery Sales Quantity Market Share, 2024 VS 2031
9.9 Southeast Asia
9.9.1 Southeast Asia Flow Battery Market Size, 2020-2031
9.9.2 by Type, Southeast Asia Flow Battery Sales Quantity Market Share, 2024 VS 2031
9.9.3 by Application, Southeast Asia Flow Battery Sales Quantity Market Share, 2024 VS 2031
9.10 India
9.10.1 India Flow Battery Market Size, 2020-2031
9.10.2 by Type, India Flow Battery Sales Quantity Market Share, 2024 VS 2031
9.10.3 by Application, India Flow Battery Sales Quantity Market Share, 2024 VS 2031
9.11 Middle East & Africa
9.11.1 Middle East & Africa Flow Battery Market Size, 2020-2031
9.11.2 by Type, Middle East & Africa Flow Battery Sales Quantity Market Share, 2024 VS 2031
9.11.3 by Application, Middle East & Africa Flow Battery Sales Quantity Market Share, 2024 VS 2031

10 Manufacturers Profile
10.1 Dalian Rongke Power
10.1.1 Dalian Rongke Power Company Information, Head Office, Market Area, and Industry Position
10.1.2 Dalian Rongke Power Flow Battery Models, Specifications, and Application
10.1.3 Dalian Rongke Power Flow Battery Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.1.4 Dalian Rongke Power Company Profile and Main Business
10.1.5 Dalian Rongke Power Recent Developments
10.2 Primus Power
10.2.1 Primus Power Company Information, Head Office, Market Area, and Industry Position
10.2.2 Primus Power Flow Battery Models, Specifications, and Application
10.2.3 Primus Power Flow Battery Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.2.4 Primus Power Company Profile and Main Business
10.2.5 Primus Power Recent Developments
10.3 Sumitomo Electric
10.3.1 Sumitomo Electric Company Information, Head Office, Market Area, and Industry Position
10.3.2 Sumitomo Electric Flow Battery Models, Specifications, and Application
10.3.3 Sumitomo Electric Flow Battery Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.3.4 Sumitomo Electric Company Profile and Main Business
10.3.5 Sumitomo Electric Recent Developments
10.4 VRB ENERGY
10.4.1 VRB ENERGY Company Information, Head Office, Market Area, and Industry Position
10.4.2 VRB ENERGY Flow Battery Models, Specifications, and Application
10.4.3 VRB ENERGY Flow Battery Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.4.4 VRB ENERGY Company Profile and Main Business
10.4.5 VRB ENERGY Recent Developments
10.5 Largo Clean Energy
10.5.1 Largo Clean Energy Company Information, Head Office, Market Area, and Industry Position
10.5.2 Largo Clean Energy Flow Battery Models, Specifications, and Application
10.5.3 Largo Clean Energy Flow Battery Sales Quantity, Revenue, Price and Gross Margin, 2020-2025
10.5.4 Largo Clean Energy Company Profile and Main Business
10.5.5 Largo Clean Energy Recent Developments

11 Conclusion

12 Appendix
12.1 Research Methodology
12.2 Data Source
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Market Estimation Model
12.4 Disclaimer

According to YH Research, the global market for Flow Battery should grow from US$ 238 million in 2024 to US$ 403 million by 2031, with a CAGR of 8.1% for the period of 2025-2031.

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.

Flow Battery

According to YH Research, the global market for Flow Battery should grow from US$ 238 million in 2024 to US$ 403 million by 2031, with a CAGR of 8.1% for the period of 2025-2031.

Unit: US$ M

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In-depth insight into market trends

Global flow battery main players include Dalian Rongke Power, Primus Power, Sumitomo Electric, VRB ENERGY, Largo Clean Energy, etc., totally accounting for about 95%. Asia-Pacific is the largest market, with a share over 78%. As for the types of products, it can be divided into vanadium flow battery and hybrid flow battery. Vanadium flow battery is the largest segment, holding a share aboutr 90%. In terms of application, it is widely used in utility facilities, renewable energy integration and others. The most common application is in utility facilities, taking a share over 80%.

This report studies and analyses global Flow Battery status and future trends, helps the client to determine the Flow Battery market size of the total market opportunity by Type, by Application, by company, and by region & country. This report is a detailed and comprehensive analysis of the world market for Flow Battery, and provides market size (in MWh & US$ million) and Year-over-Year growth, considering 2024 as the base year.

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.

To assess the competitive environment within the market including supplier revenue, market share, and company profiles.

Highlights
(1) Global Flow Battery market size, history data 2020-2025, and forecast data 2026-2031, (US$ million) & (MWh)
(2) Global Flow Battery sales, revenue, price by company, market share and industry ranking 2020-2025, (US$ million) & (MWh)
(3) China Flow Battery sales, revenue, price by company, market share and industry ranking 2020-2025, (US$ million) & (MWh)
(4) Global Flow Battery key consuming regions, consumption quantity, consumption value and demand structure
(5) Global Flow Battery key producing regions, capacity, production, and year over year growth
(6) Flow Battery industry chains, upstream, midstream and downstream
Market segment by players, this report covers
Dalian Rongke Power
Primus Power
Sumitomo Electric
VRB ENERGY
Largo Clean Energy

Market segment by Type, covers
Vanadium Flow Battery
Hybrid Flow Battery

Market segment by Application, can be divided into
Utility Facilities
Renewable Energy Integration
Others

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia, and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa
Report Includes:
Chapter 1: to describe Flow Battery product scope, global sales quantity, value and average price, China sales quantity, value and average price, development opportunities, challenges, trends, and policies.
Chapter 2: Global Flow Battery market share and ranking of major manufacturers, sales quantity, revenue, average price, 2020-2025
Chapter 3: China Flow Battery market share and ranking of major manufacturers, sales quantity, revenue, average price, 2020-2025
Chapter 4: Global key producing regions of Flow Battery, percent & CAGR, 2020-2031
Chapter 5: Flow Battery industry chain, upstream, medium-stream, and downstream.
Chapter 6: Segment by Type, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 7: Segment by Application, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 8: Segment in regional level, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 9: Segment in country level, sales quantity, average price, consumption value, percent & CAGR, 2020-2031
Chapter 10: Company profile, introducing the basic situation of the main companies in the market in detail, including product specifications, application, recent development, sales quantity, average price, revenue, gross margin.
Chapter 11: Conclusions